Automated Guided Vehicle Companies - Daifuku (Japan) and JBT (US) are the Key Players
The automated guided vehicle market is estimated to be worth USD 2.4 billion in 2023 and is projected to reach USD 3.3 billion by 2028, at a CAGR of 6.9% during the forecast period. The market growth for automated guided vehicle is attributed to the rising demand for automation solution in a variety of industries, the increased focus on enhancing workplace safety, and marked shift to mass customization from mass production.
The major players in the automated guided vehicle market with a significant global presence are Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the market. The organic and inorganic strategies have helped the market players expand globally by providing advanced models of AGVs.
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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 operates through the following business segments—Daifuku, Contec, Daifuku North America and Clean Factomation. It mainly provides automated guided vehicles (AGV) through its Daifuku business segment. Daifuku serves various industries, such as aviation, e-commerce, retail, transportation, warehousing, semiconductor and flat panel displays, food, pharmaceuticals, and machinery. With more than 75 years of experience in the material handling industry, the company is one of the leaders in the AGV market.
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 operates through 2 major segments: FoodTech and AeroTech. The FoodTech segment offers customized and turnkey industrial solutions and services to the food processing industry. Also, the company’s AGV business supplies solutions and systems for the automotive, printing, food & beverages, manufacturing, warehousing and logistics, and pharmaceuticals industries, among others.
KION manufactures forklifts, warehouse equipment, industrial trucks, and order fulfillment stations. KION, along with its subsidiaries, is engaged in the development of forklifts, warehouse equipment, and other industrial trucks for distribution and manufacturing industries. The company has expertise in designing material handling systems, stock management and transport control systems, automation solutions, and electric trucks. KION operates through 3 major business segments— Industrial Trucks & Services, Supply Chain Solutions, and Corporate Services. It provided AGVs through Industrial Trucks & Services segment. The AGVs of KION operate under the Dematic brand.
Toyota Industries manufactures and sells automobiles and industrial machines. It operates through the following business segments— Automobile, Materials Handling Equipment, and Textile Machinery. AGVs are offered by the company through the Materials Handling Equipment segment. The company has a global sales network, focused especially on the Materials Handling Equipment and Textile Machinery segments. It develops, manufactures, and sells logistic equipment and systems that include industrial vehicles and transportation, sorting, and storage systems. The company has its production bases in North America, Europe, and Asia (including China and India). Toyota has acquired Bastian solutions, which is a specialist in material handling systems integration. Bastian offers various types of AGVs, which include vision-guided, tape-guided, laser-guided, RFID-guided, and tugger AGVs.
KUKA specializes in the development of robots, automated production systems, and solutions. It offers products and services in robot systems; production machines; and production systems and mobility products for medical, research, engineering, and industrial use, among others. The company operates through five business segments, namely, Robotics, Systems, Swisslog, Swisslog Healthcare, and China. KUKA’s Swisslog segment provides AGV solutions to e-commerce/retail, warehouse logistics, and healthcare sectors. It designs and develops automation solutions for distribution centers and warehouses. The Warehouse Distribution Solutions (WDS) segment of Swisslog offers industry-specific solutions to distribution centers and automated warehouses.
Related Reports:
Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region - Global Forecast to 2028
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