![]() ![]() The use of AGVs has resulted in higher productivity, greater revenue generation and better resource allocation since the repetitive tasks are performed by AGVs. ![]() The crisis has affected every manufacturer in some way, and for many, it poses an existential threat. Some manufacturers have halted their production processes completely some, such as automotive and industries manufacturers, have seen greatly reduced demand and others, such as e-commerce and food and beverage, have seen massive increases in demand. The coronavirus outbreak is speeding up the adoption of the fourth industrial revolution (Industry 4.0), leading enterprises across industries to deploy more sophisticated implementations of internet of things (IoT) technology and workflow. Moreover, with the development in AGV technology, special applications will also grow rapidly. While industrial manufacturing and warehousing logistics are the main applications of AGVs, considering the COVID-19 situation as an opportunity, service robots are likely to join in rapid growth. Increasing collaborations and mergers and acquisitions, along with product development and launches, are expected to optimize the environmental and economic advantages by enhancing and utilizing new and innovative ideas and technologies. Leading players in the market for AGVs include Daifuku, JBT, SEEGRID, Toyota Industries, Hyster-Yale Materials Handling, E&K Automation GmbH, Dematic, Schaefer Systems, and Scott.Īll of these companies are investing in material handling technology used in manufacturing facilities to help improve operations and serve their customers. AGVs make the production processes more productive and efficient with less human contact thus, also help to eliminate accidents during the processes. The industries use AGVs for applications such as logistics and warehousing, transportation, assembly line, packaging, trailer loading and unloading, and raw material handling. One factor leading to the growth of the market for AGVs is the increase in the number of industrial and production facilities across the globe. ![]() Industries and verticals that require material handling find AGV applications. The most important use of AGVs in production or manufacturing is to load and carry raw materials and components. An AGV has functions such as mobile device, automatic navigation, multi-sensor control and network interaction. It also focuses on the major trends and challenges that affect the market and the vendor landscape.Īn automatic guided vehicle (AGV) is a type of industrial robot mainly controlled by a computer. The report covers the market for AGVs with regards to their applications and types across different regions. Market values have been estimated based on the total revenues of the AGV manufacturers. Revenue forecasts for this period are based on type, application, industry and geography. Using 2019 as the base year, the report provides estimated market data for the forecast period from 2020 through 2025. The report provides an overview of the global market for AGVs and analyzes market trends. In this report, the market has been segmented based on type, application, industry, navigation technology, battery type and geography. DUBLIN-( BUSINESS WIRE)-The "Global Automated Guided Vehicles 2020-2025" report has been added to 's offering. ![]()
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