An automated guided vehicle (AGV) is a material handling device that goes through a warehouse, manufacturing facility, or distribution center without the need for human involvement. It transports a variety of materials, including rubber, plastic, paper, metal, and others. Materials are transported from the warehouse to the production facility, for example, using autonomous guided trucks. To make the procedure faster, more accurate, and cost-effective, manufacturers are adopting an automated guided vehicle. AGV is utilized to save money on labor, boost production, and decrease product damage. Food and beverage, pharmaceuticals, chemicals, semiconductors and electronics, retail, healthcare, and other industries all use automated guided vehicles. In addition, autonomous guided vehicles are employed to assist work-in-progress and finished goods applications.
During the forecast period (2020–2027), the market is predicted to increase significantly due to rising demand for automation and Automated Guided Vehicle Market. The most reliable solution for material handling is an automated guided vehicle, which boosts the production capacity of numerous sectors. This material handling technology is utilized to reduce physical damage to commodities that is typically caused by human operators while simultaneously increasing production efficiency. Many industries, including logistics, automotive, food and beverage, and others, use automated guided vehicles. Increasing demand for high efficiency, shorter manufacturing times, less human error, improved safety, and more precision are some of the reasons likely to propel market growth over the forecast period.
High installation and maintenance costs are a major stumbling block to the worldwide automated guided vehicle market's growth. Installing an autonomous guided vehicle will cost a lot of money. The high cost of AGVs may deter manufacturers from installing high-end vehicles. Maintenance costs for autonomous guided vehicles vary depending on their age, type, and location. Automated guided vehicles, for example, are utilized in the manufacturing, chemical, and construction industries, all of which have high maintenance costs. As a result of the large capital expenditure, corporations find it difficult to invest in AGVs. As a result, the market for automated guided vehicles is likely to slow throughout the forecast period.
JBT, KION GROUP AG, KUKA AG, TOYOTA INDUSTRIES CORPORATION, Hyster-Yale Materials Handling, Inc., Schaefer Systems International Pvt Ltd., E&K AUTOMATION LIMITED, Oceaneering International, Inc., Murata Machinery, Ltd., KNAPP AG, Swisslog Holding AG, Dematic, Bastian Solutions, Inc., Daifuku Co., Ltd., Crown Equipment Corporation, Fetch Robot
0 Comments