The automated guided vehicle market (無人搬送車市場) reached a valuation of US$2.71 billion by 2021 and is projected to experience a year-on-year growth rate of 10.0% in 2022, reaching a closing valuation of US$3.05 billion.
Automated Guided Vehicles (AGVs) have revolutionized material handling and logistics operations across industries. These vehicles, equipped with sensors, cameras, and software, can navigate warehouses, factories, and distribution centers autonomously, carrying out tasks like goods transportation, picking, and packing. The AGV market has witnessed significant growth in recent years, driven by the need for increased efficiency, reduced operational costs, and improved workplace safety.
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Market Dynamics
The AGV market is primarily driven by the growing adoption of automation in industries such as automotive, e-commerce, food beverage, and healthcare. AGVs offer several advantages over traditional manual handling methods, including higher efficiency, reduced labor costs, and lower error rates. Additionally, advancements in technology, such as the integration of artificial intelligence (AI) and machine learning (ML) algorithms, have enhanced the capabilities of AGVs, enabling them to navigate complex environments and adapt to changing conditions.
Market Future Outlook
The future outlook for the AGV market (자동 가이드 차량 시장) is promising, with continued growth expected in the coming years. The market is projected to expand further as industries increasingly recognize the benefits of automation in improving productivity and streamlining operations. Key trends shaping the future of the AGV market include the development of more advanced navigation systems, the integration of AGVs with other automated systems, and the adoption of Industry 4.0 principles.
Market Insights
The AGV market (marché des véhicules à guidage automatique) is segmented based on type, navigation technology, application, and end-user industry. In terms of type, the market is divided into tow vehicles, unit load carriers, fork vehicles, and others. Navigation technology includes laser guidance, magnetic guidance, vision guidance, and others. AGVs find applications in material handling, assembly, packaging, and others. The automotive, manufacturing, logistics, and healthcare sectors are among the key end-user industries driving the demand for AGVs.
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List of Key Companies Profiled in The Report
- Addverb Technologies
- Aichi Machine Industry Co., Ltd.
- China SME Group Co., Ltd
- DAIFUKU GROUP
- Egemin Automation Inc.
- GreyOrange
- GRIDBOTS
- JBT Corporation
- KOLEC
- Konecranes
- KUKA AG
- Murata Machinery, Ltd.
- Oceaneering International, Inc.
- SHENZHEN MIRCOLOMAY TECHNOLOGY CO., LTD
- System Logistics S.p.A.
- TOYOTA INDUSTRIES CORPORATION
Recent Developments
Key players in the Automated Guided Vehicle (AGV) industry are leveraging the surging demand for AGVs across various applications. To expand their market reach, these players are focusing on collaborations, partnerships, and acquisitions with both small and large-scale vendors. Several notable market developments include:
In January 2022, KUKA AG entered into a contract with Ford Otosan to supply more than 700 robots for Ford's next-generation electrical and connected commercial vehicle projects. This agreement builds upon their longstanding partnership of over 20 years.
In April 2021, JBT Corporation showcased its Warehouse Freezer AGV, designed to operate in temperatures ranging from -10°F to 110°F. This AGV features a lift capacity of 2,500 pounds and includes a triple-stage hydraulic mast with integrated side shift and tilt. It offers various lift heights, from 357 inches to 422 inches.
In August 2020, Murata Machinery, Ltd. inked a deal with Alpen Co. Ltd. to develop ALPHABOT, a 3D robot warehousing system. This system was deployed at the Alpen Komaki Distribution Center, a key distribution hub, to enhance storage capacity and reduce picking, sorting, and packaging operations by 60%.
Key Segments Covered in the Industry Survey
- By Vehicle Type :
- Tow Vehicles
- Unit Load Carriers
- Pallet Trucks
- Assembly Line Vehicles
- Forklift Trucks
- Other Types
- By Navigation Technology :
- Laser Guidance
- Magnetic Guidance
- Inductive Guidance
- Optical Tape Guidance
- Vision Guidance
- Others
- By Battery :
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- By Application :
- Transportation
- Storage
- Distribution
- Assembly
- Packaging
- Waste Handling
- By End-User :
- Automotive
- Manufacturing
- Food Beverages
- Aerospace
- Healthcare
- Logistics
- Retail
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia Oceania
- Middle East Africa
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