CLEVELAND, Sept. 1, 2022 - Technological innovation is transforming the global material handling equipment industry. This trend and more are discussed in the new study Global Material Handling Equipment. As companies around the world confront a variety of workforce challenges and face intensifying competition, they are increasingly turning to newly developed material handling technologies. The automated guided vehicles (AGVs) segment has seen particularly impressive innovation gains in recent years, sparking increased interest:
In March 2022, Gaussin unveiled the world's first hydrogen-power automated guided vehicle, which will be used in port applications
JBT unveiled a groundbreaking AGV for warehouse freezer applications (an underserved market) in April 2021, and the machine can operate -10F and 110F and offers a lift capacity of 2500lb
In March 2022, Flux Power introduced its advanced C48 Lithium-Ion battery pack for AGVs and automated mobile robots (AMRs), which is easier to service than predecessors and offers lower ownership costs, longer run times, and sustained high performance
With the introduction of these and other more capable models, manufacturers are greatly strengthening the capabilities of new models by incorporating a variety of advanced technologies. While some improvements are targeted, others fundamentally changes with a particular machinery is capable of. As companies face worker shortages, high labor costs, worker retention issues, and the limited availability of skilled operators, they will increasingly turn to AGVs and other advanced material handling equipment.
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com
SOURCE The Freedonia Group
