During the period covered by this estimate, the considerable expansion of the market is anticipated to be driven in large part by the rising demand for automated systems and automated guided vehicles (AGV).the use of an automated guided vehicle, which in turn boosts the production capacity of a number of different industries, is often regarded as the safest and most dependable method for material handling. This material handling equipment is used to boost production efficiency while also reducing the amount of physical damage that is caused to the items by human operators. Human operators are typically the cause of such damage. Automated guided vehicles find applications in a wide variety of industries, including logistics, the automobile industry, the food and beverage industry, and others. There are a number of factors that are likely to drive the growth of the market throughout the course of the forecast period. Some of these drivers include the growing demand for high efficiency, the reduction of manufacturing time, the reduction of human error, enhanced safety, and increased accuracy.
The market for Automated Guided Vehicles was estimated at US$ 2100 million in 2021 and is anticipated to increase to US$ 4097.5 million by 2030, at a CAGR of 7.8%.
Prominent Players in the Automated Guided Vehicle Industry:
1. KION GROUP AG
KION GROUP AG was founded in 2006 and it’s headquarters Frankfurt, Germany. The company operates in 100 countries.
2. TOYOTA INDUSTRIES CORPORATION,
TOYOTA INDUSTRIES CORPORATIONfounded in 1926, and it’s located in Headquarters Kariya, Aichi, Japan. The company operates in 60 Countries.
3 Hyster-Yale Materials Handling
Hyster-Yale Materials Handling , was launch in 1991 and it’s headquarter located Cleveland, Ohio, United States.it operate over 78 country.
4 Schaefer Systems International Pvt Ltd,
Schaefer Systems International Pvt Ltd,was launch in 2004 and it’s headquarter United States..it operate over 70 countryin 2022 Schaefer Systems International, Inc. provides storage, materials handling, robotic, warehouse management software, and autonomous driverles
5 E&K AUTOMATION LIMITED
E&K AUTOMATION LIMITED was founded 1980, with its headquarters in Lower Saxony, 21224, Germany With businesses in over 75 countries.
6 Oceaneering International, Inc.,
Oceaneering International, Inc.,Was launch in 1964. And its headquarters in Houston, Texas, United States. It operate over 24 country.In 2022 Oceaneering International is proud to announce at this year's MODEX conference a complete revamp of its Autonomous Mobile Robotics product
7 Royal Sutan Agung Indofine
Royal Sutan Agung Indofine founded in 1996 and it’s headquarter located Jawa Timur, Indonesia, It operate over 20 country.
8 Hoshizaki Singapore Pte Ltd.
Hoshizaki Singapore Pte Ltd.founded in 1999, and it’s located in Headquarters radehub 21, Singapore. The company operates in 33 Countries..
Definition- An automated guided vehicle or an autonomous guided vehicle (AGV) is a material handling system that travels throughout a warehouse, manufacturing unit or distribution center without any human intervention. .
