Global Automated Guided Vehicle Market 2024-2030

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    2024 Update Coming Soon Published- June 2021 Number Of Pages -101 2023 Update

    AUTOMATED GUIDED VEHICLE MARKET

     

    INTRODUCTION

     

    AGV (Automated Guided Vehicle) is a portable robot that follows a particular path designed to it. The path can be given as marked long lines, or wires on floor, or radio waves, or magnetic tapes, or vision cameras, or laser navigation.

     

    They are most often used in industrial applications to transport heavy materials around a large industrial building, such as a factory or warehouse.

     

    AGVs are programmed to ensure security & safety and come installed with cameras, lasers and other sensors that allow them to safely operate within the industry, plant or company. Increased safety leads to reduced cost and operational downtime, which, in turn, increases the productivity of many operations. 

     

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    The growth of the AGV market is driven by growing demand for automation in material handling across industries, shift in demand from mass production to mass customization, rising popularity of e-commerce owing to COVID-19, and improved safety standards at workplaces.

     

    Moreover, industrial growth in emerging economies, presence of intralogistics sector in Southeast Asia, and rising adoption of industrial automation by SMEs is likely to fuel the growth of the market.

     

    To know more about Global Forked Automated Guided Vehicle Market, read our report

     

    AUTOMATED GUIDED VEHICLE MARKET RECENT DEVELOPMENT AND INNOVATION

     

    S No Company Name Development
    1 Res Green Res Green Introduces a New Automatic Guided Vehicle (AGV) that Moves Loads in Both Directions Res Green Group International, a provider of cutting-edge mobile robot and software solutions, unveiled its bidirectional Big Buddy, one of the most durable AGVs in the business that transports cargoes via magnetic tape.
    2 Nidec-Shampoo Corporation Nidec-Shampoo Corporation announces the introduction of a new automated guided vehicle under the S-CART brand. The new AGV, known as the S-CART-V, is equipped with a vision-based navigation system1 that makes use of Canon’s Visual SLAM2 technology. 
    3 Syntonic A cutting-edge AGV system-specific control platform has been created by Syntonic, a multinational design firm with sophisticated automation skills. 
    4 ECA GROUP The industry will be introduced to ECA GROUP’s latest generation Indoor/Outdoor autonomous AGV. Logistics operations within production management are also affected by these new issues and are continuously looking for creative solutions that can be developed, validated, and implemented without disrupting or changing current flow and infrastructures. 

     

    Big Buddy was designed for packed warehouses that demand high agility as well as tough industrial settings. Big Buddy delivers zero point turning because to its two separate driving motors. It moves straight ahead while empty.

     

    When designing the Big Buddy AGV, which has two 16-zone LiDAR lasers at the front and back of the vehicle, Res Green engineers put safety first. It makes use of LiFePO4 batteries, which are heat- and fire-resistant.

     

    The first S-CART-V model will be based on the payload version of the original S-CART, but Nidec-Shampoo intends to continue releasing future versions with visual-based navigation. This AGV will be the first in the industry to use vision-based navigation.

     

    Since the logistics industry has turned its focus to improving efficiency and reducing labor costs in factories and warehouses, the demand for AGVs has grown. 

     

    Nidec-Shampoo provides a solution with the S-CART-V that can make use of a vision-based navigation system for AGVs created by Canon to simultaneously estimate its surroundings in three dimensions and the location of the AGV using wide-angle (horizontal and vertical) footage recorded by a stereo camera.

     

    With the reliable integration of software and hardware, the new platform SYNTRONICS combines data acquisition and actuators to facilitate the seamless deployment of AGV systems.

     

    The control platform has a multi-core processor for signal processing and acquisition as well as a core computer server for cost-effectiveness and performance. 

     

    The platform is specifically designed to optimize integration, guarantee reliable product applications, and lower hardware costs.

     

    The control platform has several navigation characteristics, including the ability to support two-dimensional code, laser reflector, magnetic, laser, and visual composite navigation.

     

    Additionally, its motion chassis control supports differential drive, single steering gear drive, multiple steering gear drive omnidirectional, as well as a variety of other chassis designs, demonstrating outstanding adaptability to a variety of settings.

     

    The Automated Guided Vehicles (AGV) from ECA Group meet the needs of manufacturers and the logistic equipment suppliers who serve them today.

     

    The automated industrial vehicles created by ECA GROUP are based on SLAM (Simultaneous Localization and Mapping) technology, which allows the machine to “recognize” its surroundings, adapt its navigation and behavior to a specific circumstance, and adhere to the highest safety standards.

     

    ECA Group AGVs are the first of their kind and are currently being produced, delivered, and tested in one of the most demanding industrial environments, such as an aluminum smelter plant. 

     

    They were designed and developed for indoor, outdoor, and multi-building operations without any existing infrastructure modification or additional installations.

     

    AGVs AVAILABLE IN MARKET- AS OF JUNE 2021

     

    Sl. no. Company Name Model Application Capacity Type
    1 KUKA KUKA Mobile platform 1500 handles the transport of products through process steps 1500kg Intelligent & Autonomous mobile platform
    KUKA Navigation solution mobile robots perform driving and handling tasks in fully self-contained manner flexible Material movement
    KUKA triple lift maintenance, repairs and overhauls (MRO) 1000kg, 8m in 120 sec Triple lift
    2 SSI Schafer Low lifters load carrier between transfer stations upto 200mm parallel to ground Heavy Load carrier
    High lifters picked up and placed on transfer stations at low heights upto 8.5m
    Very Narrow Aisle (VNA) specially developed for use in warehouses with narrow aisles
    WEASEL Automating transport tasks 35kg Small load carrier
    Compact Automating transport tasks upto 100kg
    3 Toyota Industries Tug Cart Movement of assembly workbenches flexible Material movement
    High speed rail guided vehicle system Sorting 1000kg Sorting
    4 E&K Automation VARIO Move L High lift transport Transport and material flow
    VARIO Move CB automatic counterweight transport 1600kg
    VARIO MOVE CTO Surface moving transport with conveyors
    VARIO MOVE CTO Transport with conveyor technology
    VARIO MOVE AS High lift transport with external radars 1600kg
    SMJART MOVE L14 Automated high lift truck Forklift
    Universal Counterweight forklift Automated high lift truck with laser navigation 600,1000,1200,1600 kgs
    Driverless tug High towing capacity 5000kg Trailer puller
    Smart move ERE 225 Automated low lift trucks 2500kg Material movement
    5 Oceaneering Compact Mover Vehicle move small, light loads such as paleets, metal boxes and plastic totes upto 2000kg,  1.9m/s Material movement
    Max Mover Vehicle transport heavy loads with various sizes upto 7000kg forklifts
    Uni Mover Vehicle Single and multi-load carrier, Omnidirectional/Unidirectional upto 3000kg, 1.6m/s tunneling vehicles

     

    AUTOMATED GUIDED VEHICLE MARKET OVERVIEW 

     

    Lights-out automation has been the intended result for various manufacturing facilities. Lights-out automation involves fully automated systems for various components in manufacturing.

     

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    Warehouses run completely based on automation which eliminates the need for additional costs for lighting. A majority of the factories have been trying to limit human intervention, to limit the scope for errors and increase productivity.

     

    Automated Guided Vehicle Market Push Towards Greater Efficient Processes

    The overall need for high efficiency in automotive, healthcare, e-commerce, and food & beverages industries is increasing the demands for automation.

     

    The AGV-enabled automation of industrial facilities can help meet the requirements related to material handling capacity, along with reducing production time, lessening the chances of human errors, enhancing safety, ensuring high production volumes, and increasing accuracy and repeatability.

     

    Automated Guided Vehicle Market Industry 4.0 Movement

    Traditional industrial facilities are slowly evolving into smart, connected, and highly efficient automated facilities by integrating Industry 4.0 with automation systems. Industry 4.0 is capable of converting an industrial facility into an autonomous plant.

     

    It combines computers and industrial automation solutions with the help of robotics to form a single automated unit. The network of connected devices creates a smart architecture capable of taking decentralized decisions. The growth of Industry 4.0 is changing the functioning of warehouses. Industry 4.0 also aims to create an operational environment wherein humans and robots can work together efficiently.

     

    Automated Guided Vehicle Market Developing Countries as An Alternative

    Low labor prices in emerging economies such as India, Bangladesh, and Tanzania restrict the adoption of automation across the industries in these countries. The automation of industrial facilities makes little or no economic sense in these countries where abundant cheap labor is readily available.

     

    In India, automation in manufacturing facilities is less prevalent than their foreign counterparts, since the cost advantage in labor trade-off with robots is less due to the availability of cheap labor. Moreover, emerging countries such as Bangladesh, Cuba, and Tanzania have low average daily wages. The companies in emerging countries are reluctant to invest in automated equipment, such as AGVs, due to the availability of low-cost labors.

     

    E-Commerce And Online Retail Driving the Market

    The retail industry’s growth is primarily driven by the increasing demand from e-commerce, primarily for automated warehouse solutions.

     

    According to the e-commerce Europe report, the region’s online-sales increased by 13% in 2019, and total sales were valued at EUR 621 billion, and the concentration of the market is expected to be focused in Western Europe, a majority of the turnover from the B2C platform is from the region (66%). Owing to such developments, vendors in the market are increasingly adopting automation.

     

    AUTOMATED GUIDED VEHICLE MARKET DYNAMICS

     

    SI No Timeline Developments
    1 Q4-2021 The high performance laser guided automated vehicles are used in deep freeze warehouses for the pallet movements for the faster, safer and increased performance of work and also reduces human efforts.
    2 Q4-2021 Natural navigation provider for AMRs and AGVS, Blue Biotics to expand its market in Asian regions by partnering with factory automation specialist Planet T & S Co Ltd for the Thailand automated guided vehicle market.
    3 Q4-2021 Due to labor shortages and increased demand for production industries are adopting automated guided vehicles for the induced production capacity, quality and reduced labor costs.
    4 Q3-2021 Mitsubishi to implement automated guided vehicles for the packaging company DS Smith to maximize sustainability and efficiency.

     

    Owing to rapid technological advancements in robotics and automation, the manufacturing sector has witnessed increased adoption of technology into its production process. Manufacturers are considering factors such as load, orientation, speed, precision, duty cycle, travel, and environment before selecting the robot that will be the most effective and profitable in their manufacturing plant.

     

    The global Automated Guided Vehicle market growth is primarily driven by the rising e-commerce industry and growing adoption of automation in warehouses for efficient and smooth operations. The use of Automated Guided Vehicle helps the manufacturers to achieve enhanced quality and reliability in warehouse operations.

     

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    Moreover, factors such as shortage of skilled workforce and high labor costs also drive the adoption of AGV across various industries worldwide. Several organizations have implemented automated guided vehicle solutions to reduce their labor costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented, it offers high productivity, efficiency, and profits.

     

    The increasing automation in the material handling process has aided the industries to have connected factories equipped with big data, machine learning, etc., ensuing embracing of automated material handling systems.

     

    Companies such as Amazon, Walmart, Alibaba, etc., are focusing on the automation of material handling processes to reduce the operation cost and increase the inventory size. This aids them in improved quality control, and enhanced labor management.

     

    Amid the ongoing outbreak of COVID-19 across the region, hospitals have also been seen increasingly using AGVs for delivering medicines to the patients while reducing human interventions. For instance, in March 2020, Homogamy Base Hospital in Sri Lanka has mentioned deploying AVG for assisting the treatment of persons suspected of COVID-19 virus.

     

    A strategic agreement between Blue Biotics SA and Prologue Automation GmbH was announced last week in order to promote the use of automated guided vehicles, or AGVs, throughout the German manufacturing and logistics sectors.

     

    With more than 20 years of experience in the field, Blue Biotics offers its Autonomous Navigation Technology (ANT) and knowledgeable assistance to customers so they may commercialize their AGVs, automated forklifts, or mobile robots.

     

    AUTOMATED GUIDED VEHICLE MARKET SEGMENTATION

     

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    AUTOMATED GUIDED VEHICLE MARKET RECENT TRENDS

     

    SI No Timeline Company Developments
    1 Q4-2021 GECOM Corporation GECOM Corporation introduced advanced automatic guided vehicles using navigation and control technologies for the lineside delivery and pickup automation.
    2 Q4-2021 Continental German company Continental unveiled its new automatic guided vehicle to improve production operations, the robot can lift heavy loads more than tons and testing autonomously for the brake production.
    3 Q4-2021  Balyo Robotic startup Balyo supplies automated guided vehicle robots for warehouses and factories around the world to increase efficiency of production with minimal monitoring and interference.Q3
    4 Q4-2021 Audi Audi to use automated guided vehicles for intralogistics transport at its manufacturing site Neckarsulm, Germany where Audi R8 is manufactured.

     

    Tow vehicles, also known as tuggers, pull non-powered carts carrying huge loads. This is the most productive type of AGV used for towing and tugging as it can move more load with multiple trailers than a single fork truck.

     

    The companies are focusing on operating in a more efficient manner due to the growing pressure on retail companies to meet the ever-increasing demand of its customers. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the AGV market.

     

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    The growth of the laser-guided AGVs market can be attributed to their flexibility, scalability, and accuracy of the laser guidance technology. It also improves safety, increases throughput, and minimizes downtime. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It allows the vehicles to operate in a warehouse without the need for invasive barriers.

     

    APAC is likely to be the fastest-growing region in the AGV market. China and Japan are the countries driving the growth of the AGV market in APAC. The rapid growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China, India, and South Korea, has contributed to the growth of the AGV market in APAC.

     

    Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which can be best achieved by the implementation of AGVs. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. This has impacted the demand for AGV in 2020.

     

    Toyota Industries Corporation (TICO) will combine its software development in autonomous vehicles (AVs), raise its global investments, and establish T-Hive B.V. as a new center of competence to satisfy the growing demands of its customers.

     

    TICO’s main brands solution portfolio will be significantly strengthened and expanded by combining the software products, partnerships, and innovations from TICO’s main Group companies, Toyota L&F, Toyota Material Handling, Toyota Material Handling Europe, Raymond, Bastian Solutions, and Vanderlande, and their respective brands.

     

    The need for AVs has risen in recent years, owing to the rapid growth of the e-commerce business, general labor shortages, and the requirement for flexibility.

     

    Flexibility in operations, application regions, and vehicle type, as well as the ability to deploy AV solutions globally, have become increasingly significant. To help TICO’s customer-facing companies, T-Hive was created to centrally manage all developments, use current solutions for new market sectors, and expedite innovation globally.

     

    T-major Hive’s goal will be to provide a unified control system for all automated guided forklifts (AGFs), automated guided vehicles (AGVs), and autonomous mobile robots inside TICO (AMRs).

     

    TICO’s customers will be able to enjoy seamless transportation, storage, and distribution of goods throughout their entire supply chains thanks to the unified solution portfolio, which will be launched at logistics facilities around the world.

     

    AUTOMATED GUIDED VEHICLE MARKET RECENT LAUNCH 

     

    The K55 Pallet Stacker, one of Kivon’s newest AGVs, will be made available. For end-of-line palletizing, food and beverage, and retail applications, the K55 is the best choice. It is intended to guarantee effectiveness, dependability, and total safety.

     

    The K55 Pallet Stacker, which has lifting forks, can elevate objects to a height of up to 1500 mm and automatically carry palletized items weighing up to 1200 kg.

     

    The automated forklift is based on a straightforward, dependable, well-engineered design that will ensure it completes its tasks smoothly and dependably, similar to all Kivon AGV/AMR ranges.

     

    The Jung Heinrich EKX 516ka / 516a Automated High-Rack Stacker was just introduced by Mitsubishi Loges next Americas group, the sole distributor of Jung Heinrich® lift trucks, narrow-aisle, and automated guided vehicles in the United States, Canada, and Mexico.

     

    With a small design and 180 degree swiveling prongs, the EKX is specifically made for very tight aisle operations and can fit down aisles as narrow as 68 inches. With a lift height of up to 511 inches and a lift capability of 3,500 pounds, it is perfect for high-density storage, maximizing the available space in warehouses and distribution centers.

     

    The world’s first hydrogen-powered fuel cell Automated Guided Vehicles (AGV H2) for seaports have been introduced by GAUSSIN, a pioneer in the clean and intelligent transport of products and people. Following the introduction of the hydrogen-powered fuel cell ATM and APM, these new vehicles round up GAUSSIN’s lineup of hydrogen-powered automobiles.

     

    The AGV can operate autonomously in environments with mixed traffic and no infrastructure. It will support port operators’ swift transition to zero-emission, as well as longer operation hours, quicker and less frequent fueling, and efficient and quiet transportation.

     

    An revolutionary AGV (Automated Guided Vehicle) platform has been made commercially available by Comeau, an international firm based in Italy that specializes in industrial automation. This platform is adaptable enough to be used in a variety of manufacturing and non-manufacturing settings. The new AGV platform’s first automated guided vehicle, called Agile1500, completely embodies Comeau’s open automation design methodology.

     

    Agile1500 is crucial in the creation of a new operating system mandated by Industry 4.0. Thanks to cutting-edge security features and an inbuilt laser scanner that stops the AGV when it detects an obstruction in its path, it can improve overall plant safety.

     

    Stabil Robotics’ brand-new PF3 automated guided vehicle, or AGV, won this year’s Best Smart Product prize in the prestigious Red Dot Design competition.

     

    According to the company, the new robot has positioning accuracy of +/-5 mm (0.19 in.) and can navigate around obstacles. Its height with the lift unit is 400 mm (15.7 in.). The PF3 has five emergency stop buttons, a collision avoidance sensor, a 360-degree human safety scanner, a collision avoidance sensor, and an LED strip that displays the state of the AGV for further security.

     

    The STILL iGo neo CX 20 is a new line of autonomous guided vehicles (AGVs) from KION Group. The AGVs use laser and optical sensors to navigate around obstacles and are intended for use in warehouse and logistics operations.

     

    AUTOMATED GUIDED VEHICLE MARKET COMPETITIVE LANDSCAPE

     

    SI No Timeline Company Developments
    1 Q4-2021 Dematic US based material handling systems, software and services provider Dematic made $3.2 billion revenue in 2021 with 21.2% growth rate. Dematic’s product demand increased during the pandemic because of a surge in automation.
    2 Q4-2021 Daifuku Co. Ltd. Japanese material handling company Daifuku Co. Ltd., made INR 12320 crore in September 2021 with 6.17% year over year growth.
    3 Q4-2021 Hyster-Yale Material Handling Hyster-Yale Material Handling, announced its third quarter earnings of $748 million revenue with a net loss of $77 million, the decrease in revenue from last year’s quarter due to the production and shipment disrupted by components availability.
    4 Q2-2021

     

     See grid Autonomous robots developer for material handling company See grid announced its revenue doubled year over year due to increased demand for automation technology in e-commerce, logistics and manufacturing companies.

     

    The market players in the automated guided vehicle market are focusing on expanding through strategic interventions, such as acquisitions, collaborations, expansion and launching advanced products in the automated guided vehicle market.  

     

    Factors such as the digital transformation and the advent of integrated Industry 4.0 with IoT, will provide considerable growth opportunities to automated guided vehicle industries.

     

    In 2018, Nidec-Shampoo launched new versions of its automated guided vehicle, the S-Cart. The new model to be launched by Nidec-Shampoo is based on the company’s guideless navigation AGV “S-Cart” – the 100 kg payload version – that hit the market in 2016, and has been updated with a function that lets it track and follow a person or object.

     

    In March-2020, See grid Corporation raised USD 25 million in an equity funding round led by venture capital firm G2VP. The company has mentioned that the funding is driven due to the COVID-19 outbreak, and industry requires non-essential workers to adhere to social distancing along with plenty of industrial roles that need people to be physically present.

     

     

    In February-2020, China-based robotics firm – Geek+ specialized in robotics technologies for logistics, announced plans to expand its operations in the United States. The company has inaugurated its office in California to manage robotic warehouse and smart factory projects in the country.

     

    AUTOMATED GUIDED VEHICLE MARKET COMPANIES PROFILED

     

    THIS AUTOMATED GUIDED VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Automated Guided Vehicle Market size and Forecast, by region, by application
    2. Average B-2-B price for Automated Guided Vehicle Market, by region, per user
    3. Technology trends and related opportunity for new Automated Guided Vehicle Market tech suppliers
    4. Automated Guided Vehicle Market share of leading vendors, by region,
    5.  Coronavirus impact on Automated Guided Vehicle Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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