Lödige Industries unveils new automated guided vehicle for airfreight ULDs in Munich

The global automated guided vehicle market size is expected to reach USD 9.1 billion by 2027, according to a new report by Radiant Insights, Inc.

AGVs have transformed the way materials can be moved within the manufacturing and distribution facilities.

In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials as well as manufactured products from one point to another point within the facility, thereby eliminating any potential disruption in production.

Transportation and logistics firms are mainly focusing on the deployment of such equipment to boost the efficiency of their operations in line with the growing demand for their services.

For instance, in September 2019, a U.S. based robotic solutions provider AHS, LLC partnered with Exotec, which is a France-based mobile robot picking system provider.

Also, material handling solutions are used to increase the efficiency of transportation, decrease physical damage to the material, and reduce overheads by limiting the number of employees.

Market OverviewIn its new research report, Market Research Future (MRFR), highlights that the global automated material handling market 2020 is expected to grow exponentially over the review period, securing a considerable market valuation and a substantial CAGR over the review period.Get Free Sample Report:https://www.marketresearchfuture.com/sample_request/1029Drivers and RestraintsSuch equipment has grown dramatically over the last few years, experiencing several notable transformations with the introduction of technology.

Technological developments that prevailed in this sector have gradually taken advantage of functional and cost-effective approaches leading to the automation of these equipment.

These innovations have accompanied their market value to an unprecedented level, making these devices popular and widely adopted.Other factors that contribute to the growth of the market include rising automation across production industries.

In addition to factors such as continuous technical progress, the modernization of the manufacturing plants, and the expansion of the industrial base in developing countries, Automated Material Handling equipment is providing fuel for business development.Industrial Internet of Things (IIoT) proliferation driven by new automation projects pursued by manufacturers moving towards Industry 4.0 revolution has shaped business growth, enhancing their operations.

Extensive analytics take-up will allow the industry to experience a tremendous change in the coming years.Segmental AnalysisSegmentation by Operation: storage & transportation, Packaging & distribution, assembly, waste management, among others.Segmentation by Software & Services comprises Services- (Maintenance & repairs, training, and software up-gradation), Software (TMS- Transportation management system, WMS- Warehouse management system).Segmentation by Application includes e-commerce, foods & beverages, healthcare, automotive, chemicals, aviation, semiconductors, and electronics, among others.Segmentation by Automated Equipment comprises Automated guided vehicles, automated cranes, robotics systems, automated storage and retrieval system, conveyors, among others.Regional Analysis The geographical synopsis of the global market has been analyzed in four major regions, including North America, Europe, the Asia Pacific, and the rest of the world.Due to the presence of numerous manufacturing plants in the various countries in the region, the Asia-Pacific region dominates the Automated Material Handling industry.

The Asia-Pacific region is also expected to grow substantially in the Power Quality Equipment (PQE) space.

Market Overview             Market Research Future (MRFR) highlights in its latest research report that the global automated material handling market 2020 is projected to rise tremendously over the review period, achieving a significant market valuation and a substantial CAGR over the review period.Drivers and RestraintsSuch equipment has evolved rapidly in recent years, with the adoption of technology has undergone many significant transformations.

Clearly, producers are the driving forces for making such improvements happen.

Taking into account the three goals, they have set up a variety of automated equipment such as cranes, conveyors, elevators, lift and lift truck track cranes, stackers, bridge cranes and monorails, port cranes and helicopter lifts, etc.

In this field, technical advances have slowly taken advantage of practical and cost-effective approaches leading to the automation of such equipment.

These innovations have unprecedentedly accompanied their market value, making these devices accessible and widely adopted.Competitive AnalysisThe major market players operating in the global market as acknowledged by MRFR are  Daifuku Co. Ltd (Japan), Schaefer Holding International (Germany), Murata Machinery (Japan), Dematic (U.S.), Mecalux (Spain), Vanderlande Industries (U.S.), Swisslog AG (Switzerland), BEUMER Group (Germany), Kardex (Switzerland), Intelligrated (U.S.), among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1029Segmental AnalysisSegmentation by Operation has been done into storage & transportation, assembly, waste management, Packaging & distribution, among others.Segmentation by Software & Services comprises Services- (training, Maintenance & Repairs, and software up-gradation), Software (WMS- Warehouse management system, and TMS- Transportation management system).Segmentation by Application includes healthcare, foods & beverages, automotive, e-commerce, chemicals, semiconductors, aviation, and electronics, among others.Segmentation by Automated Equipment comprises automated cranes, Automated guided vehicles, robotics systems, conveyors, automated storage and retrieval system, among others.Regional OutlookThe global market geographic synopsis was analyzed in four major regions, including North America, Europe, Asia Pacific and the rest of the world.The Asia-Pacific region dominates the Automated Material Handling industry because of the presence of numerous manufacturing plants in the various countries in the region.

Most of the APAC nations are in their phase of development and are thus open to foreign investors, thereby enabling the production unit in these countries to be accessible to multidomain international players.

Astute Analytica's recent study on the Automated Guided Vehicle Market provides a comprehensive review of the industry from 2021-2027.In 2020, the global Automated Guided Vehicle Market valued at US$ 2,931.8 Mn.

This detailed information was compiled by analyzing current trends and historical milestones.In the report, a detailed assessment of the restraints can be compared to their drivers and could be used to plan strategic activities.

To grasp and benefit from the lucrative opportunities that are present in the ever-growing market, one needs to understand the factors that impede the growth of the market.

In addition, market experts' opinions were taken into consideration to gain a deeper understanding of the market.An in-depth analysis is given of overall Automated Guided Vehicle Market growth prospects in this market study covering both the global and regional markets.

In addition, the report provides a dashboard overview of leading companies regarding their marketing strategies, market contributions, and recent developments in both historic and present contexts.It is important to consider a variety of factors when researching the market, from demographics and business cycles to microeconomic impacts specific to each country, the study found that market paradigms have evolved in terms of competitive advantage of regions and therefore major players' competitive landscape.

The result has been canceled flights, travel bans, restaurants closing, events restricted, business confidence declining, and uncertainty about the future.Regional Analysis: The Global Automated Guided Vehicle MarketA total of five regions were covered in the report: Asia Pacific, Europe, North America, Middle East & Africa, and South America.