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Automated Guided Vehicle Market 2021 Key Factors – Daifuku

Europe dominates the automated guided vehicle market owing to the rising demand for material handling equipment in the manufacturing industry and increased automation will proliferate the growth in the region.

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Automated Guided Vehicle Market 2021 Key Factors – Daifuku

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  1. Global Automated Guided Vehicle Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Automated Guided Vehicle Market The global automated guided vehicle market is anticipated to grow at a 33.3% CAGR during 2021-2027 and will reach USD 18.14 billion by 2027. The increased demand for automation in material handling across industry verticals, rising prominence of e-commerce, and enhanced safety standards at workplaces as well as a shift in demand from mass manufacturing to mass customization, are driving the growth of the automated guided vehicle market. Automated guided vehicles are rapidly being adopted due to their advantages like reduced labor costs, enhanced productivity, reduced product damage, and scale to support the automation process. Nevertheless, the rising usage of Industry 4.0 technologies in warehousing will create growth opportunities in the market. The COVID-19 pandemic has had an adverse impact on the automated guided vehicles market owing to a halt in the functioning of several industries, closure of production facilities, suspension of manufacturing activities globally.

  4. Global Automated Guided Vehicle Market Based on type, the global automated guided vehicle market is segmented into pallet truck, tow vehicle, unit load carrier, forklift truck, assembly line vehicle, and others. The tow vehicles dominate the market as the adoption of towing and tugging can aid in moving heavy loads with multiple trailers. Also, they are adopted in pallet operations that require long-distance deliveries and carry high volumes. Europe dominates the automated guided vehicle market owing to the rising demand for material handling equipment in the manufacturing industry and increased automation will proliferate the growth in the region.

  5. Global Automated Guided Vehicle Market In April 2021, TICO (Toyota Industries Corporation) has announced the formation of T-Hive, a new firm. Toyota L&F, Bastian Solutions, Toyota Forklifts, Vanderlande, Toyota Material Handling, and Raymond have joined forces to form the new company. Léon Jansen will lead T-Hive B.V., which will be situated in the Netherlands. TICO's main goal for T-Hive will be to provide a unified control system for all autonomous vehicles (AVs), such as automated guided forklifts (AGFs), automated guided vehicles (AGVs), and autonomous mobile robots (AMRs). TICO's customers will be able to enjoy seamless transportation, storage, and distribution of goods throughout their entire supply chains thanks to the unified solution portfolio, which will be launched at logistics facilities around the world.

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