Automated Guided Vehicle (AGV) Market

Automated Guided Vehicle (AGV) Companies - Daifuku Co., Ltd. (Japan) and JBT (US) are the Key Players

The global automated guided vehicle market is expected to grow up to USD 3.78 billion by 2029 from USD 2.56 billion in 2024 at a CAGR of 8.1%. The major reason behind this growth is increase in demand for automation across the manufacturing sector, logistics sector, and across e-commerce to boost the efficiency of the operation and reduce labor costs. Technologically, advancements in navigation systems, Al-driven software, and IoT-enabled AGVs help them integrate seamlessly with smart factories and warehouses. Industry 4.0 initiatives, increased investments in the area, and the more stringent demand for supply chain optimization enhance the adoption of AGVs worldwide.

Major players operating in automated guided vehicle market; these players are: Daifuku Co., Ltd. (Japan), JBT (US), KION Group AG (Germany), Toyota Industries Corporation (Japan), KUKA AG (Germany).

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Major Automated Guided Vehicle (AGV) companies include:

  • Daifuku Co., Ltd. (Japan)
  • JBT (US)
  • KION Group AG (Germany)
  • Toyota Industries Corporation (Japan)
  • KUKA AG (Germany)

Daifuku Co., Ltd. (Japan): Daifuku Co., Ltd. has more than 60 years of experience in Automated Guided Vehicles (AGVs). Over 14,000 units sold worldwide. The portfolio of company's AGV comprises standard and customer-specific solutions designed to optimize productivity and reduce cost while optimizing material flow in all industries such as automotive, manufacturing, and distribution. The rugged vehicle promises safe transportation of small parts and heavy pallets from one place to another inside the facility. Daifuku has production bases in China, India, South Korea, Taiwan, and other parts and is promoting local manufacturing and procurement. Additionally, the company's sales subsidiaries are distributed in North and Central America, Asia, Europe, and Oceania, providing sales, installation, and after-sales support, thus ensuring global accessibility and comprehensive service coverage.

JBT (US): John Bean Technologies Corporation is an AGV solution provider in the US that offers hi-tech solutions for application in the automotive, warehousing, and healthcare industries with standalone and dual-mode robotic systems to simplify material handling while maximizing operational efficiency. JBT has business operations in more than 100 countries and has local support for its customers from businesses in the US, Sweden, and Brazil. To complement its AGVs, the company now provides a comprehensive set of added-value services: refits, reconditioning, and preventive maintenance. JBT has 659 patents and more than 300 pending applications to support its innovation and reliability in industrial automation solutions.

KION Group AG (Germany): KION is one of the global leaders in material handling and supply chain solutions. The company brands its Automated Guided Vehicles (AGVs) under the name of Dematic at the Industrial Trucks & Services segment. After acquiring Dematic, KION expanded its own portfolio with AGVs, software-based intelligent solutions and other automation solutions to enhance efficiency in intralogistics. Some of the subsidiaries and companies in the company's portfolio include Egemin Automation, whose customized solutions help businesses enhance material flow and warehouse operations. KION Group AG is an industrial automation leader in the EMEA region, providing customers worldwide with AGVs and warehouse automation systems through optimum utilization of state-of-the-art technologies to create efficient supply chains and higher productivity.

Toyota Industries Corporation (Japan): Toyota Industries Corporation has been offering its range of Automated Guided Vehicle under its Materials Handling Equipment segment, including TOYOTA, RAYMOND, and AICHI brands. Its AGV solutions include vision-guided, tape-guided, laser-guided, RFID-guided, and tugger AGVs. These solutions are provided by Bastian Solutions, a major company within the Toyota Advanced Logistics Group (TALG), making it relatively easy to integrate into the material handling systems. The company has production sites and a sales network in North America, Europe and Asia, which allows localized service and support, with focus on industries like automotive, e-commerce, healthcare, and manufacturing.

KUKA AG (Germany): KUKA AG is a globally diversified company that offers automation solutions. Within the Swisslog business segment, this company offers a range of Automated Guided Vehicles (AGVs), conveyor systems, cranes, and warehouse management software to support warehouse automation in the distribution centers and the healthcare sector. Swisslog provides end-to-end services, from consulting and software solutions to system implementation and lifetime support. With operations in over 50 countries and major locations in Germany, the US, China, and Hungary, KUKA AG delivers tailored AGV solutions that enhance efficiency and optimize workflows for industries such as logistics, healthcare, and manufacturing. The company is headquartered in Augsburg, Germany.

Related Reports:

Automated Guided Vehicle (AGV) Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape, Vision, Inertial, Beacon) - Global Forecast to 2029

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Automated Guided Vehicle (AGV) Market Size,  Share & Growth Report
Report Code
SE 3351
RI Published ON
11/26/2024
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