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Market Overview:

Recently, the adoption of Automated Guided Vehicle (Agvs) Market has increased drastically as they are effective and reliable solutions for material handling, which, in turn, increases the production capacity of the industry. These material handling solutions reduce physical damages to goods and boost the efficiency of operations. The overall need for high efficiency in the automotive, healthcare, e-commerce, and food & beverage industries increases the demand for automated material handling. It has enabled the industries to have connected factories with big data and machine learning, resulting in increased automation in the industries. The AGV-enabled automation in industrial facilities can help meet the requirements related to material handling capacity and reduced production time.

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Moreover, this automation facilitates improved labor management, enhanced safety, high production volumes, and increased accuracy and repeatability by enhancing quality control with flexible manufacturing processes. AGVs enable just-in-time (JIT) delivery of raw material, computerized control of received assembled parts, and tracking of shipped articles. At present, the automotive industries are rapidly adopting automation and AGVs, especially in their production floors. For instance, in Martorell, Spain, the SEAT plant is moving toward digital and smart factory, with which the manufacturers are adopting AGVs with SLAM navigation, 4G connection, and induction battery charging.

Till date, the facility adopted eight AGVs for outdoor operation and has over 200 AGVs that deliver parts inside the assembly workshops at the Martorell and Barcelona factories. Thus, growing demand for automation in material handling across industries is likely to increase the adoption of automated guided vehicles during the forecast period.

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Kuka AG, Daifuku Co. Ltd, Dematic Group, Bastian Solutions, EGEMIN AUTOMATION INC. (KION GROUP AG) are some of the key market players operating in the global automated guided vehicle (AGV) market. The listing of key players is derived by considering multiple factors such as overall revenue, current automated guided vehicle (AGV) product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the automated guided vehicle (AGV) ecosystems which were studies analyzed during the course of this market research study, such as, Balyo SA, Hyster-Yale Group, Inc., SSI SCHAEFER Group, Konecranes Oyj, Lodamaster Group, and among others. Further, in 2021, Hyster-Yale Group, Inc. had launched a new Hyster N30-45ZR/ZDR reach truck, designed to answer the call for high-density, high-throughput warehouse environments. In 2018, SSI SCHAEFER GROUP had expanded its AGV’s product portfolio. In order to meet the increasing demand for AGVs with investment in the Austrian AGV specialist DS AUTOMOTION.

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