TOYOTA INDUSTRIES CORPORATION, KUKA AG and JBT are Dominating in the Global Automated Guided Vehicle Market in 2021

Global Automated Guided Vehicle Market is expected to grow with the CAGR of 11.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global automated guided vehicle market is a highly fragmented market which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global automated guided vehicle market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2019, Daifuku Co., Ltd. has completed the acquisition of Vega Conveyors & Automation Private Limited (“Vega”), an Indian-based company engaged in manufacturing and sales of material handling equipment. The increasing demand for automation market in India has prompted Daifuku Co., Ltd. to open a manufacturing facility in India.

TOYOTA INDUSTRIES CORPORATION is the dominating player in global automated guided vehicle market. The other key players existing in the automated guided vehicle market includes System Logistics S.p.A. (a subsidiary of Krones AG), SCAGLIA INDEVA s.p.a., Murata Machinery, Ltd., Konecranes, Guangdong Jaten Robot & Automation Co.,Ltd., Jungheinrich AG, Scott, Oceaneering International, Inc., Dematic (a subsidiary of KION GROUP AG), DF Automation & Robotics Sdn Bhd, E&K Automation GmbH, Daifuku Co., Ltd., JBT, KUKA AG, Seegrid Corporation, Fritz SCHÄFER GmbH & Co KG, Eckhart and Kollmorgen (a subsidiary of Danaher) among others.

Automated Guided Vehicle MarketTOYOTA INDUSTRIES CORPORATION:

Toyota Industries Corporation is headquartered in Aichi, Japan and was established in 1926. The company produces and sells wide range of industrial vehicles such as material handling systems and lift trucks through its various brands. The company deals in multiple business segments such as automobile, materials handling equipment and textile machinery among which materials handling equipment is the market focused segment. The company provides various products under categories such as automobile, materials handling equipment and textile machinery among which materials handling equipment is the market focused category.

For instance,

  • Toyota Industries Corporation had announced a new launch of AGV automation software named as T-one. This software act as a communicating way to the AGV. This new launch will increase the efficiency of the operation leading to increased customer base.

The company has presence across the globe in North America, Latin America, Asia-Pacific and Europe. In addition, it also generates revenue from its subsidiaries such as Toyota Material Handling Europe (Sweden), Toyota Material Handling (U.S.), Vanderlande (Netherlands), Aichi Corporation (Japan) among others.

KUKA AG:

KUKA AG is headquartered in Augsburg, Germany and was founded in 1898. The company provides automated systems and robots to various industry verticals such as healthcare, e-commerce/retail, consumer goods, electronics and automotive. The company deals in multiple business segments such as systems, robotics and swisslog among which robotics is the market focused segment. The company provides various products under categories such as robot systems, automated guided vehicle systems, mobility and process technologies among which automated guided vehicle systems is the market focused category. 

For instance,

  • In September 2020, KUKA AG announced the launch of KR scara robot for industrial production. The new product offers extremely short cycle time, has a reach of 500 or 700 millimetres and is ultra-compact. The new product is highly cost effective and can help in increasing the customer base in cost-sensitive markets.

The company has presence across the globe in Europe, Asia-Pacific, Americas and Middle East and Africa. In addition, it also generates revenue from its subsidiaries such as KUKA Systems (Germany), Swisslog (Switzerland), Reis Robotics (Germany), Thompson Friction Welding (U.K.) and The KUKA Robotics China Co., Ltd. (China) among others.

JBT:

JBT Corporation is headquartered in Illinois, U.S. and was founded in 1884. The company is engaged in manufacturing, designing and testing of systems and products for air transportation and food processing industries. The company provides various products under categories such as foodtech, aerotech and automated systems among which automated systems is the market focused category.  

For instance,

  • In March 2019, JBT joined hands with Crown Equipment Corp., a company engaged in manufacturing of material handling equipment. The collaboration is aimed at developing automated guided vehicle (AGV) for increasing the automation capabilities of client for material handling and thus increasing the return on investment (ROI). The partnership developed dual mode T tow tractor that works both in manual and automated operation. The new partnership increased the growth of the company.

The company has wide global presence across Americas, Asia-Pacific, Europe and Africa. The company generates revenue from subsidiaries such as Tipper Tie Inc. (U.S.), John Bean Technologies GmbH (Germany), John Bean Technologies India Private Limited (India) among others.