Automated Guided Vehicles Market with Global Competitive Analysis, and New Business Developments

Automoted guided vehicles are also known as autonomous guided vehicles or self-guided vehicles. They are used for material handling or carrying out loads autonomously traveling through a distribution center, warehouse, or manufacturing facility without requiring any onboard driver or operator.

Automated guided vehicle systems are used for performing tasks that need forklifts, manual carts, or conveyor systems to move large-volume materials in a repetitive manner.

These vehicles are used for various applications. They include the transfer of raw materials, including plastic, rubber, metal, or paper. For instance, automated guided vehicles can transport raw materials from warehouses to production lines.

In order to transport raw materials, automated guided vehicles are required for work-in-process applications with finished goods for supporting manufacturing or production lines.

Automated guided vehicles offer repetitive and efficient transportation of materials in the entire manufacturing process.

 

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Without automated guided vehicles, the processing lines are likely to run out of materials, and hence manufacturing processes come to a halt.

Automated guided vehicles utilize inbound and outbound replenishment handling and picking. For instance, automated guided vehicles are used for transporting inventory. It involves receiving stock, transporting them to the storage location, or carrying out from the long-term storage location to further picking locations.

Automated guided vehicles serve as a collaborative mobile robot, and offer assistance in processes by guiding the warehouse associates throughout the tasks, and transporting the picked orders to packaging and shipping locations.

The expansion of the e-commerce industry in emerging economies, including India, China, and Brazil, is projected to propel the automated guided vehicles industry in the coming future. For example, Amazon Inc. utilizes robots that drive automated guided vehicles to deliver large product stacks to the human workforce.

The major companies operating in the industry are; SSI Schaefer Systems International DWC LLC, Amerden Inc., Dematic Corporation, KUKA Group, Seegrid Corporation, and Toyota Industries Corporation. These companies are investing in the R&D of automated guided vehicles to improve the product portfolio and stay on the competitive edge.

Therefore, the rising expansion of the e-commerce industry fuels the requirement for automated guided vehicles.