Automated guided vehicle (AGV) systems supports to move and transport things in manufacturing facilities, warehouses, and distribution centres without any permanent transmission system or manual intervention. It tracks configurable guide pathways for optimization of storage, picking, and transport functions within the environment of premium space. AGVs are being extremely adopted due to many benefits, like reduced labour costs, reduced product damage, enhanced productivity, and scale to help automation processes. These notable benefits are encouraging the transportation and logistics firms to deploy AGVs in order to enhancement the effectiveness of their operations.
According to the analysis, ‘Asia Pacific Automated Guided Vehicle (AGV) Market 2020-2026 by Offering, Vehicle Type, Navigation Technology, Battery Type, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity’ there are a lot of key players that are functioning for the enrichment of the market that consists of Schaefer Systems International, Inc., Egemin Automation Inc., Bastian Solutions, Inc., Fetch Robotics, Inc., Kollmorgen, JBT Corporation, AGVE Group, Toyota Industries Corporation, Balyo Inc., inVia Robotics, Inc., Seegrid Corporation, Daifuku Co., Ltd., Hyster-Yale Group, Inc., Locus Robotics, Swisslog Holding Ltd., Dematic Corp., System Logistics Spa, EK Automation, Elettric80 SpA, Transbotics, KMH Systems, Inc.. For example, Teradyne, Inc., a global supplier of collaborative and autonomous robots, acquired Auto Guide Mobile Robots that is a global supplier of mobile robotic solutions for enhanced flexibility, reduced prices, and improved workflow. This business was done in order to bring autonomous mobile robots for Teradyne’s manufacturing, warehouse, and logistics. However, the main factor obstructing expansion of the global automated guided vehicle market is great installation and maintenance price. Huge capital is desirable to install an automated guided vehicle. The greatprice of AGV can discourage manufacturing businesses to install high-end vehicles.
Based on the offering, the automated guided vehicle (AGV) market has been deliberated into hardware, software, and service. Based on vehicle type, the automated guided vehicle (AGV) market has been considered into unit load carrier, tow vehicle, pallet truck, hybrid vehicles, forklift truck, and others. Based on navigation technology, the market has been deliberated into magnetic guidance, laser guidance, vision guidance, natural navigation, inductive guidance, and others. Based on battery type, the market is categorised into Lead Battery, Lithium-Ion Battery, Nickel-based Battery and Others. Based on industry vertical, the market is characterized into Manufacturing Industries, Commercial Venues, Military and Defence and Other Verticals. Based on application, the market has been deliberated into Transportation, Distribution, storage, assembly, packaging, trailer loading and unloading, and others applications.
The Asia Pacific Automated Guided Vehicle (AGV) market is categorised on the basis regional investigation into main regions. These contain Japan, China, South Korea, Australia and India. China is estimated to hold the main market share. It is because of the presence of a great number of consumers within the region.
Furthermore, the overall necessity for high efficiency in automotive, healthcare, e-commerce, and food & beverages industries is raising the demands for automation. The AGV-enabled automation of industrial facilities can support meet the needs related to material handling capacity, along with decreasing production time, lessening the probabilities of human errors, enhancing safety, safeguarding high production volumes, and rising accuracy and repeatability. The usage of AGVs allows just-in-time (JIT) delivery of raw material, computerized control of received assembled parts, and tracking of shipped articles. Thus, it is predicted that the Asia Pacific Automated Guided Vehicle (AGV) market can increase within approaching years.
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Ankur Gupta, Head Marketing & Communications