Automated
guided vehicles
form the backbone of modern material management and material handling industry.
Automated guided vehicle are self-operated, driverless computer controlled
vehicle fitted with guidance and collision avoidance system that can move
materials and tools from one place to another without any human intervention.
Durability of the vehicles, ease in operation and vehicle reliability are the
key factors on which the quality of the automated guided vehicle depends.
Automated guided vehicles finds application in different industries such as
logistics, manufacturing, retail, food and beverage, healthcare, aerospace and
others.
Automated
guided vehicles are acting as a catalyst for the material handling
industry as these vehicles helps in material management and complex material
handling across all industries. Burgeoning population, increase in consumption
expenditure and the moving preference of the industries towards automation are
the major drivers driving the automated guided vehicle market globally.
Moreover increase in automation in all the industries leads to lower cost of
production. In addition to this, safety in operation of these vehicles,
increase in productivity, optimization in material handling and industrial
expansions are also responsible for the growth of automated guided vehicles.
Growth in the e-commerce industry serves as a major opportunity for the market
which is expected to drive the market in the future.
Asia-Pacific is the most attractive region for automated guided vehicle
market. The significant increase in industrialization owing to bulk material
handling requirements in the Asia-pacific region is driving the market for
automated guided vehicles. In addition, the adoption of latest technology in
the form of completely automated manufacturing and material handling process
further drive the automated vehicle market in this region. Automation in
material handling with the use of automated guided vehicles leads to efficient
material handling with less cost of production. This leads to increase in bulk
material handling capability without compromising on cost and thus drives the
market.
The escalating demand for timely production requirements and increased
need for productivity in the manufacturing sector in the emerging countries
like India and China is also driving the growth of automated guided vehicle
market due to low cost of production.. The North America and Europe market for
automated guided vehicle is expected to grow at a steady pace over the forecast
period. Steady recovery from the recent economic meltdown is responsible for
the growth in the manufacturing and industrial sector in North America which is
driving the market for automated vehicle market in the region. Increase in
demand for automation technology in pharmacy and hospital applications is
driving the automated guided vehicle market in Europe. Moreover there is a
shift in Europe manufacturing sector from manual labor material handling to
automated material handling with the help of automation. This is also
increasing the demand for automated guided vehicle in the Europe market. Europe
market faced steep challenge in the recent economic meltdown and is recovering
at a steady pace which has also increased the demand for automation in
industries significantly.
Global key participants in the industry include Bastian Solutions LLC,
Daifuku Co. Ltd, Dematic Gmbh & Co. KG, Egemin Automation Inc, EK
Automation, Hyster-Yale Materials Handling Inc, JBT Corporation, Seegrid
Corporation, Swisslog Holding AG and Toyota Industrial Equipment.
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