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Market News

Recent Developments:

On March 2019, Crown Equipment Corporation, a U.S.-based material handling equipment company, announced collaboration with JBT, a U.S company that provides automated guided vehicles. Through this collaboration, JBT products help clients to maximize the benefits of material handling automation and achieve high return on investments.

Automated Guided Vehicle Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 2,100 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.8% 2030 Value Projection: US$ 4,097.5 Mn
Geographies covered:
  • By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Segments covered:
  • By Type: Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks, and Others
  • By Navigation Technology: Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others
  • By End-use Industry: Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductors & Electronics, Aviation, E-commerce, and Others
Companies covered:

JBT, KION GROUP AG, KUKA AG, TOYOTA INDUSTRIES CORPORATION, Hyster-Yale Materials Handling, Inc., Schaefer Systems International Pvt Ltd., E&K AUTOMATION LIMITED, Oceaneering International, Inc., Murata Machinery, Ltd., KNAPP AG, Swisslog Holding AG, Dematic, Bastian Solutions, Inc., Daifuku Co., Ltd., Seegrid Corporation, Fetch Robotics, Inc., inVia Robotics, Inc., Crown Equipment Corporation, and Meidensha Corporation.Samemax Refrigeration Sdn Bhd., GE Corporation, PT. Royal Sutan Agung, Hoshizaki Singapore Pte Ltd., and Midea Group. 

Growth Drivers:
  • Increasing demand for automation and automated guided vehicles
  • The integration of industry 4.0 in the automation system
Restraints & Challenges:
  • High installation cost

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