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MOV.AI was one of the companies mentioned in the in the recent study made available by Research and Markets regarding the Warehouse Automation Market forecast for 2026.

Here, some of the key phrases:

“Despite of the temporary reduction in retail and e-commerce caused by lockdown and economic distress in this pandemic, we have seen a strong order intake of warehouse automation in 2020 which may reflect in revenues of these system integrators and manufacturers in 2021 or 2022. At the same time, a revenue dip of 6% is expected in 2020 as compared to our pre-pandemic forecast of 12% growth because projects were put on hold due to supply chain disruption and covid-19 locked down guidelines. It has also increased the order backlog at a record level for warehouse automation players.”

“AGV/AMR market is expected to cross $5B mark by 2026 with a CAGR of ~32%. AMR (without any external support of optical tape, sensor or vision) is going to be the main contributor in retail warehouses due to high demand in the e-commerce sector and its flexibility to deploy the robot without any major change in the existing warehouse infrastructure. However, it is a bit slow in terms of pick rate per hour as compared to ASRS but is preferred in small and medium warehouses due to lower cost and quick deployment. It is expected that AGVs/AMRs are going to have more than 18% market share by 2026..”

“Warehouse automation equipment suppliers and industry consultants expect broadly double-digit growth in sales driven by demographic changes, increased penetration in e-commerce and the advent of the Industrial IoT, that will drive demand for data analytics and automated operations, especially after COVID-19.”

“Existing fully automated systems can reduce warehouse related labour costs by up to 65% and logistics-related spatial use by up to 60% at the same time as it increases the maximum output capacity.”

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