Early Market Inflection Signals for Amere AGV Robot Industry

The Amere AGV (Automated Guided Vehicle) robot industry has been witnessing significant trends in recent times, including the consolidation of component suppliers and the evolution of agnostic fleet managers into wider execution systems. These developments have contributed to a complex market landscape, with strained new venture capital flows, limited system integrator layers, and market fragmentation.

Despite these challenges, there were early positive signals that customer educational activities had begun to transform into wider sales, raising the potential for short- to medium-term market inflection. However, the primary issue remained the supply of components, which was further exacerbated by strained global supply chains.

In 2022, the supply chain disruption from 2021 deteriorated, resulting in extensive lead times and increased prices. This had a ripple effect on the industry, with most AGV & AMR vendors unable to deliver products, leading to expanded backlogs.

The growth of the AGV & AMR market appeared to be driven by a combination of new business and postponed projects from 2020/2021. However, demand relaxed somewhat in the second half of 2022, mainly due to Russia's war in Ukraine and high inflation rates affecting automation plans and budgets.

Despite these challenges, the industry reported high sales levels in the first half of 2022, with applications for AGVs & AMRs varying from moving light 400g PCBs to very heavy 65-tonne steel coils. The AGV & AMR robotics sector is highly fragmented, with over 400 vendors globally.

This report focuses on mobile robots used for transporting payloads/goods (A-B) and storage solutions are covered in other reports. Early market inflection signals indicate strong growth in the first half of 2022, followed by muted demand in the second half. As the industry continues to evolve, it remains essential to monitor these trends and developments to understand the potential for future growth and opportunities.

Key takeaway: The Amere AGV robot industry is experiencing a complex market landscape with supply chain disruptions, strained venture capital flows, and market fragmentation. Despite these challenges, early market inflection signals indicate strong growth in some areas, while demand remains muted in others.

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