Industrial automation is projected to grow at an exponential rate over the next few years with the Automated Guided Vehicle (AGV) and Autonomous Mobile Robot (AMR) sectors set to exceed a value of $13 billion by 2026. But how are companies going to finance this massive expansion into warehousing robotics?
With a strong business case for applying robotic automation technology across the warehousing industry, easy and accessible finance options will be needed to help businesses realize their automation goals.
To help companies understand how effective financing can help them meet their automation targets, DLL has created a new report: ‘How to Finance Robotics (AMR/AGV) Projects in your Warehouse.’
This report provides an overview of the main differences between AGVs and AMRs as well as how to determine which is the correct fit for your application. It goes on to explain the costs involved in deploying AMRs and AGVs to your warehouse project and how DLL can help finance every part of the automation project, not just the hardware.
AGV vs AMR
While both Automated Guided Vehicles and Autonomous Mobile Robots are unmanned vehicles, AGVs require guidance through wires or lines on the warehouse floor and follow a set path. AMRs, on the other hand, move around with the help of onboard sensors and maps, understanding and interpreting the environment around them, giving them the ability to reroute if necessary.
What is driving AMR and AGV investment?
Up until very recently, warehouse efficiency has been heavily reliant on human labor. This reliance comes with numerous challenges, not least of which is the difficulties seen in recruiting and retaining skilled workers at the right price.
Other factors influencing the popularity of automated solutions include added flexibility in the workforce, improved safety, and a continued growth in the e-commerce sector, while Robots as a Service (RaaS) and different leasing options allow end-users the flexibility to automate as much or as little of their warehouse as they need.
Understanding the cost
There are several cost factors that need to be considered when planning your investment in AMRs and AGVs, including infrastructure, setup, training, and reconfiguration.
The report details each of these considerations to help businesses fully understand the undertaking of automating their warehouse facilities.
Financing your warehouse automation plans
With experience in financing automation projects, from sourcing quotes for AMRs and AGVs all the way through the life of the equipment, DLL’s flexible financing solutions make it easy for end-users to access affordable automation.
Download the new report to learn more about how to finance your next warehouse robotics project.
