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Market Leadership: Automated Guided Vehicle Market

Over the years, the automated guided vehicles (AGVs) have become more sophisticated and the control mechanism used in these systems is evolving to ensure their smooth functioning. The entire market has witnessed various advancements in the past few years, which is expected to continue in the near future. The companies in Europe and Asia-Pacific have registered an extensive growth, majorly due to the automotive and manufacturing industry, and occupy a large market share in the automated guided vehicle ecosystem. The companies in the North American region are also providing a fierce competition by mainly concentrating on innovative developments in the automotive, manufacturing, food & beverage, aerospace, and healthcare industries. Currently, the automated guided vehicle market is endorsing a rampage of contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and other activities in the research and development field.

The main building blocks of the value chain of the automated guided vehicle market are original equipment manufacturers (OEMs), suppliers, system integrators, distributors, and the end-users. According to the existing scenario, the automotive industry holds the major market share of the overall automated guided vehicle market. Consequently, the players associated with the automotive industry also, in turn, account for the largest share of the automated guided vehicle market. In the race for market leadership, Daifuku Co., Ltd. (Japan) is ahead of the other players in the automated guided vehicle market with more than 70 years of experience in the material handling industry.

Daifuku Co. Ltd. was founded in 1937 and is headquartered at Osaka, Japan. It offers consulting, design, manufacturing, planning and engineering, installation and operation, and after-sales services for logistics systems and material handling equipment. Material handling is the core business for Daifuku Co. Ltd. It focuses on developing innovative and unique systems for its customers. The company also provides manufacturing and distribution products, including pallet and heavy load storage systems; sorting and picking systems; small, medium and light load storage products; conveyor and vehicle systems; containers and carts. In August, 2014, a non-profit organization Awana Clubs International entered into an agreement for using the services of Wynright Corporation, a provider of intelligent material handling systems and a wholly owned subsidiary of Daifuku.

The company has an extensive geographic base. It majorly operates across the APAC and North American region.

JBT Corporation was incorporated in 2008 and is headquartered at Chicago, U.S. The company is one of the prominent players in the automated guided vehicle (AGV) market, with over 25 years of experience. The company’s automated guided vehicle business supplies solutions and systems for various applications in automotive, printing, food & beverage, manufacturing, warehousing & logistics, and pharmaceutical industries. In December 2013, the company along with Swisslog (Switzerland) developed a next generation Transcar AGV for medical industry applications.

The company has a strong presence in the American market and also in some other countries such as Sweden and Brazil. The major competitors of the company include Seegrid Corp. (U.S.), Daifuku Co. Ltd. (Japan), and Egemin International N.V (Belgium).

Related Reports:

Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Industry Vertical (Automotive, & Others), Application (Transportation, Distribution, & Others), & Geography - Global Forecast to 2020

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