The Automated guided vehicles are self-guided material handling systems or load transferors that can travel unconventionally across distribution centers, warehouses, or manufacturing conveniences without any onboard operator and with the benefit of sensors that are mounted in them. During the recent years, supply chain management has viewed automation in practice of automated guided vehicles such as forklifts, automated stackers, small rack-carrying robots, and pallet trucks. In addition, these vehicles are automated to function some tasks by consuming machine learning and deep learning, which are the nonviolent alternatives for material handling by employees. Further, it provides momentous advantages such as safety inside accommodations, increase in precision & productivity, and lessening in labor cost.
According to the report analysis, ‘Europe 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’ states that around the Europe Automated Guided Vehicle (AGV) market there are innumerous players which recently operating more effectively for leading the highest market growth and registering the handsome value of market share around the globe during the short span of time while decreasing the associated price, employing the young work force, delivering the better consumer satisfaction, spreading the awareness connected to such, establishing the several research and development programs, analyzing and studying the strategies and policies of the government as well as competitors, employing the young work force and employing the profit making strategies and policies includes AGVE Group, Balyo Inc., Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic Corp., Egemin Automation Inc., EK Automation, Elettric80 SpA, Fetch Robotics, Inc., Hyster-Yale Group, Inc., inVia Robotics, Inc., JBT Corporation, Kollmorgen, KMH Systems, Inc., Locus Robotics, Schaefer Systems International, Inc., Seegrid Corporation, Swisslog Holding Ltd., System Logistics Spa, Toyota Industries Corporation, and Transbotics.
In addition, the growth of the AGV market is influenced by effective growth in demand for automation in material handling around industries, shift in requirement from mass production to mass customization, increasing popularity of e-commerce due to COVID-19, and developed safety standards at workplaces. Furthermore, the industrial growth in emerging economies, existence of intralogistics sector around Southeast Asia, and increasing adoption of industrial automation by SMEs is likely to influence the growth of the market.
Not only has this, the entire requirement for high efficiency in automotive, healthcare, e-commerce, and food & beverages industries is growing the requirement for automation. The AGV-enabled automation of industrial conveniences can assistance meet the requirements connected to material handling capacity, along with decreasing the production time, decreasing the chances of human errors, effectively improving the safety, ensuring the high production capacities, and increasing accuracy and repeatability. The usage of AGVs allows just-in-time (JIT) delivery of raw material, computerized control of obtained assembled parts, and tracking of shipped articles. Therefore, in the near years, it is predicted that the market of Europe automated guided vehicle will increase around the globe more effectively over the upcoming years.
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Global Automated Guided Vehicle (AGV) Market 2020-2026 by Offering, Vehicle Type, Navigation Technology, Battery Type, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity
Ankur Gupta, Head Marketing & Communications