Automated Guided Vehicle (AGV) Fleet Management Platform Market is segmented By Vehicle (Unit Load Carrier, Forklift Truck, Hybrid, Tow Vehicle, Pallet Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, Vision Guided, and Others), By Application (Logistics, Warehousing, Assembly, Packaging, and Others), and By Industry Vertical (Automotive, Aerospace, Healthcare, Retail, Manufacturing, Food and Beverage, and Others) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
Automated guided vehicles (AGV) are self-driving material handling vehicles used to transport items within warehouses and factories. Automated guided vehicles are outfitted with modern fleet management software to maximize operational efficiency in various sectors. The AGV fleet management platform is in charge of fleet and traffic management and other logistical operations. This technology enables companies to boost efficiency and improve logistics flexibility. The AGV fleet management platform has eliminated the need for human labour in several functions, resulting in considerable cost savings.
Automated Guided Vehicle (AGV) Fleet Management Platform Market size was estimated at $232,236 thousand in 2020 and is expected to reach $676,351 thousand by 2031, growing at a CAGR of 12.8% during the forecast period of 2022 to 2031.
Additionally, the AGV fleet management platform has resulted in numerous on-site incidents and increased worker safety. AGVs are controlled by sophisticated software that is incorporated into each vehicle and enables navigation and vehicle control. Automation workflows are becoming more popular in industries, which fuels the growth of AGV fleet management platforms to improve operational efficiency.
Automated Guided Vehicle (AGV) Fleet Management Platform Market Growth and Trend
With the growing need for automation across many sectors and the increasing acceptance of on-cloud warehouse management system solutions, warehouse management systems have rapidly adopted Automated Guided Vehicles to handle monitoring and controlling functions. With the advancement of technology, the development of AGVs through integrated software has been a significant trend in the AGV Software Market. With the advent of AGV Navigation Software and AGV Mapping Software, a recent trend in the AGV Software Market has replaced traditional AGV Fleet Management Software with AGV Navigation Software and AGV Mapping Software. Magnetic navigation for different light-duty AGVs has been a breakthrough in the AGV Software Market. Magnetic tape is generally used as the guiding path.
In recent times, warehouse management systems (WMS) have gotten increasingly sophisticated. Cloud computing and the IoT are changing the warehousing and supply chain industries by enabling warehouse owners to operate their distribution centres more efficiently. A cloud-based WMS gives a consolidated picture of product flow and allows seamless integration and monitoring of all aspects of a warehouses operations. This enables warehouse operators to track inventory and guarantee sufficient stock availability to fulfil client orders more easily. If a large quantity of a product is required, cloud computing enables rapid communication between providers and personnel to purchase the required stock. With the use of AGVs, cloud-based WMS software solutions minimize the cost of ownership and transportation time.
The COVID-19 epidemic has wreaked havoc on nearly every business on a worldwide scale. Numerous companies have suffered or continue to incur losses owing to a decline in production as governments throughout the world imposed countrywide lockdowns to halt the spread of the pandemic. The epidemic has led to a significant reduction in manufacturing earnings and revenue. Businesses have seen considerable employee reductions, leading to an overall decline in manufacturing operations. Small and medium-sized enterprises (SMEs) have been most impacted by massive layoffs, financial problems, and attrition. Industrial automation and the use of AGVs are critical in ensuring that firms maintain their predetermined output levels during times of upheaval. The pandemic has created several opportunities for the global AGV industry by allowing industries to continue operating.
Numerous nations have halted internal and international travel to control the spread of COVID-19. This is likely to result in a drop in aircraft demand and production and significant income losses. The automobile sector is a critical sector that has suffered substantial losses due to the COVID-19 pandemic scenario. Worldwide, the supply and demand for vehicles have been influenced by lockdowns enforced in several nations and the closure of production plants.
Automated Guided Vehicle (AGV) Fleet Management Platform Market Segmentation
The Automated Guided Vehicle (AGV) Fleet Management Platform market is segmented by vehicle, technology, application, and end-user. Based on vehicle, the market consists of Unit Load Carrier, Forklift Truck, Hybrid, Tow Vehicle, Pallet Truck, and Others. By technology, the market is divided Laser Guidance, Magnetic Guidance, Natural Navigation, Vision Guided, and Others. Based on application, the market is segmented into Logistics, Warehousing, Assembly, Packaging, and Others. Based on end-user, the market is divided into Automotive, Aerospace, Healthcare, Retail, Manufacturing, Food and Beverage, and Others.
Automated Guided Vehicle (AGV) Fleet Management Platform Market Country Analysis
APAC is anticipated to be the region with the highest growth in the AGV industry. China and Japan are the nations driving APACs AGV overall growth. The fast development of the automotive, e-commerce, beverages and healthcare industries in rising countries such as China, India, and South Korea has fueled the AGV industry in APAC. Additionally, governments in APAC nations are placing a greater emphasis on safety and security on factory floors, which may be accomplished effectively through AGVs. Asian countries that have been placed under lockdown have experienced a significant loss of business and income due to the closure of several industrial plants. This will affect the demand for AGV in 2020.
Automated Guided Vehicle (AGV) Fleet Management Platform Market Share and Competition
The major players operating in the global Automated Guided Vehicle (AGV) fleet management platform market are Bastian Solutions, Inc., ASTI, Transbotics, A Scott Company, BA SYSTEMES SAS, Daifuku, Dematic, SSI Schaefer, KMH Systems, Konecranes, Oceaneering International, Pengate Handling Systems, WEWO Europe, Seegrid Corporation, Comau, Crown Equipment Corporation, and Toyota Industries Corporation.
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Industry Segmentation and Revenue Breakdown
Vehicle Type Analysis (Revenue, USD Million, 2022 - 2031)
• Unit Load Carrier
• Forklift Truck
• Tow Vehicle
• Pallet Truck
Technology Analysis (Revenue, USD Million, 2022 - 2031)
• Laser Guidance
• Magnetic Guidance
• Natural Navigation
• Vision Guided
Application Analysis (Revenue, USD Million, 2022 - 2031)
Industry Vertical Analysis (Revenue, USD Million, 2022 - 2031)
• Food and Beverage
Region Analysis (Revenue, USD Million, 2022 – 2031)
• North America
• United States
• South America
• United Kingdom
• Asia Pacific
• South Korea
• Middle East
• GCC C ountries
• South Korea
• South Africa
• Rest of World
Automated Guided Vehicle (AGV) Fleet Management Platform Market Companies
• Bastian Solutions, Inc.,
• BA SYSTEMES SAS
• SSI Schaefer
• KMH Systems
• Oceaneering International
• Pengate Handling Systems
• WEWO Europe
• Seegrid Corporation
• Crown Equipment Corporation
• Toyota Industries Corporation
• United States Automated Guided Vehicle (AGV) Fleet Management Platform Industry Research Report
• Europe Automated Guided Vehicle (AGV) Fleet Management Platform Industry Research Report
• Asia Pacific Automated Guided Vehicle (AGV) Fleet Management Platform Industry Research Report
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