March 2023: Swisslog Holding AG a provider of best-in-class warehouse automation and software, introduced the next generation of its CarryPick mobile robotic goods-to-person storage and retrieval system. Further, the new, updated CarryPick mobile robotic platform offers a much faster working speed and is known to be quicker and more agile.
January 2023: Schaefer Systems international, Inc. acquired DS AUTOMOTION, in order to fulfill the rising demand for Automatic Guided vehicles (AGVs). Further, the range of vehicle kinds, experience in navigation technology, and general project management will all receive big boost from this new alliance.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3704
Published Date: Aug 11, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising adoption of industrial automation, and the growing need for workplace safety are the major factors driving the market growth.
The market size of automated guided vehicles is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Hyster-Yale Materials Handling, Inc., Bastian Solutions, Inc., ELETTRIC80 S.P.A., Fetch Robotics, Inc., Hit Robot Group, EK Robotics, Seegrid Corporation, KUKA AG, and others.
The tow vehicles segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.