HOME Research Insight JBT Corporation (U.S.) and Daifuku Co., Ltd. (Japan) are the Major Players in the Automated Guided Vehicle Market

JBT Corporation (U.S.) and Daifuku Co., Ltd. (Japan) are the Major Players in the Automated Guided Vehicle Market

The global automated guided vehicle market is expected to be driven by the advancements in automation, emphasis on workplace safety and higher productivity, and increasing government initiatives in the process and manufacturing industries to track their material handling processes. The growth in flexible manufacturing systems and the increasing demand for customized and intelligent AGVs are creating opportunities for this market.

The main building blocks of the value chain of the automated guided vehicle market comprise research and product development, manufacturing and assembly, system integrators, and end users. In 2016, the automotive sector held the largest share of the overall automated guided vehicle market. In terms of the market leadership, Daifuku Co., Ltd. (Japan) is ahead of other players in the automated guided vehicle market, with more than 70 years of experience in the material handling industry. The other major players include JBT Corporation (U.S.), KION Group (Germany), KUKA AG (Germany), Toyota Industrial Corporation (Japan), Hyster-Yale Materials Handling, Inc. (U.S.), Kollmorgen (U.S.), E&K Automation GMBH (Germany), Seegrid Corporation (U.S.), and SSI Schaefer AG (Germany).These players have adopted various growth strategies, such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to expand their global presence and increase their share in the global automated guided vehicle market.

Daifuku Co. Ltd. was founded in 1937 and is headquartered in 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 of Daifuku Co. Ltd. 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; and containers and carts. The core strategy of the company is organic growth, which helped it to expand its product offerings and to gain a dominant position in the AGV market. For instance, in 2015, the company launched System Automation Manager (SAM) and SmartCart Automatic Guided Carts (AGCs). It is a robust control system for Automatic Guided Vehicles (AGVs) and SmartCart Automatic Guided Carts (AGCs).

JBT Corporation was incorporated in 2008 and is headquartered in 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 designs, manufactures, assembles, and tests material handling systems.  JBT Corporation operates through two major segments: JBT FoodTech and JBT AeroTech. JBT FoodTech supplies both customized industrial and turnkey solutions and services used in the food processing industry. In addition, the company’s automated guided vehicle business supplies solutions and systems for applications such as automotive, printing, food & beverages, manufacturing, warehousing & logistics, and pharmaceutical industries. The company offers various types of AGVs such as forked AGVs, unit load AGVs, special application AGVs, custom AGVs, AGV engineering services, JayBoT AGV, and AGV System Software. In September 2013, the company won a contract to supply AGVs to the automotive giant Ford Motor Company (U.S.). This contract helped JBT Corp. to strengthen its brand value and name in the AGV market.

Related Reports:

Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Forklift Truck, Pallet Truck, Assembly Line Vehicle), Navigation Technology, Battery Type, Industry, Application, & Region - Global Forecast to 2022

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