The Automated Guided Vehicles (AGV) market is valued at $2bn in 2019

Wednesday 12 December 2018, Amsterdam

The key player has launched a new automotive report that is now available on ASDReports!

AGVs are fully automatic transport systems that use driverless vehicles to safely transport all kinds of products without human intervention. These systems are used within various industries, such as automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, and retail, among others for transporting products. Advancements in the technologies, and evolution of control programming and navigation systems used in the AGV systems have led to their smooth functioning in various industries. The companies dealing in the AGV systems are continuously involved in R&D activities to manufacture more advanced AGVs.

The report analyst commented "The growth of the global Automated Guided Vehicles market is fuelled by factors, such as advancements taking place in the automation, increased emphasis on the workplace safety and productivity, and growing number of initiatives taken by various governments to track material handling processes in various processes and manufacturing industries. The market is further driven by the ongoing industrial developments in the emerging economies of the Middle East and Asia-Pacific regions."

Leading companies featured in the report who are developing automated guided vehicles include Daifuku, EK Automation, Hyster-Yale Materials Handling, JBT Corporation, Kion Group, Kollmorgen, KUKA, Seegrid Corporation, SSI Schafer, Toyota Industries, Dematic, Mecalux, S.A, Murata Machinery Ltd. and Vanderlande Industries Holding B.V.