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Posted by on Dec 7, 2016 in Automotive Industry, Uncategorized |

Automated Guided Vehicle Market by Type

A new report published in the United States examined automatically guided vehicles like:

  • Unit load carriers
  • Pallet trucks
  • Tow loaders
  • Assembly line vehicles

The report also shed light on the analysis of navigation based vehicles such as:

  • Laser
  • Magnetic
  • Inductive
  • Optical tape

And few others like:

  • Battery type
  • Industry
  • Region

What the report says is that the market of automatically guided vehicles is ripe and is only going to increase in the near future due to advancements in automation tech, increased emphasis on workplace safety regulations, and a strong, growing need of various manufacturers to reduce their production costs while streamlining their processes, thereby increasing their productivity and performance. The results of the forecast pertain to the period from 2016 to 2022.

Some sectors need to handle materials like aerospace, FMCG, manufacturing, automotive, logistics, healthcare and so on, and according to this report, these sectors are the main reason behind the growth of AGVs. These industries are now demanding AGVs that are more automated and intelligent so as to reduce human intervention when deploying and using them. Another factor that is contributing to its growth is the ability to customise them as per individual needs.

As far as the automatically guided vehicle sector is concerned, the automobile manufacturing industry is considered to be the leader. And why not? They are the ones who are most involved in the development of automated vehicles and driverless cars. They understand the usability and future of automated guided vehicles like no other.

Another key finding of the report is that the lithium ion battery segment is going to dominate the AGVs sector for the coming years. APAC is expected to grow at the highest possible CAGR during the period of 2016 and 2022.

Some of the top and most well-known companies in this sector are:


  • Daifuku
  • AGVE Group
  • JBT corp
  • Bastian Solutions
  • Swisslog Holding AG

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