Automated Guided Vehicle Market

Daifuku (Japan) and JBT (US) are Leading Players in the Automated Guided Vehicle (AGV) Market

Automated guided vehicles (AGVs), also known as unmanned ground vehicles, are used for material-handling in an industrial setup. AGVs safely handle and transport all kinds of products, eliminating the need for human intervention in production, logistic, warehouse, and distribution environments. They can increase efficiency and productivity, as well as reduce product damage and labor costs. Th AGV marketis projected to grow from USD 2.3 billion in 2020 to USD 3.6 billion by 2025.

Daifuku (Japan), JBT (US), KION (Germany), KUKA (Germany), and Toyota Industries (Japan) are the key players in AGV market.

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Daifuku (Japan)

Daifuku is involved in designing and manufacturing of logistics systems and material handling equipment, along with providing consultation, planning and engineering, installation and operation, and after-sales services for the same. The company has core business in Factory and Distribution Automation (FA&DA), e-Factory Automation (eFA), Automotive Factory Automation (AFA), Airport Technologies (ATec), Auto Washing Technologies (AWT), and Electronics. With more than 70 years of experience in the material handling industry, the company is one of the leaders in the AGV market. It was ranked first in the Top 20 Worldwide Materials Handling Systems Suppliers 2019 for the consecutively fifth year by US-based Modern Material Handling magazine. Moreover, in February 2020, Daifuku established a Novel Coronavirus Response Committee, which is committed to prevent the spread of the COVID-19 and safeguard the health of its employees, partners, and local communities.

JBT (US)

JBT specializes in the design, manufacture, testing, and servicing of technologically sophisticated systems and products. The company provides technology solutions to food processing and air transportation industries. JBT Corporation operates through 2 major segments: JBT FoodTech and JBT AeroTech. JBT FoodTech offers customized and turnkey industrial solutions and services to the food processing industry. AGVs offered by JBT Corporation are used in a wide variety of material handling applications, such as raw material handling, finished product handling, tooling movement, work-in-process movement, delivery of supplies, pallet handling, roll handling, and trailer loading. The company offers various types of AGVs, including forked AGVs, JayBoT AGVs, unit load AGVs, custom AGVs, towing AGVs, and self-guided carts (SGC). Additionally, the company offers SGC manager software and AGV engineering services. It has experienced consistent growth in the AGV market by providing efficient automated solutions to its customers. In April 2019, JBT Corporation signed an agreement with Hyster-Yale Materials Handling to launch a new dual-mode AGV to the market.

Related Reports:

Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025

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Report Code
SE 3351
RI Published ON
7/23/2020
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