Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Global AGV market to reach $7.3 billion by 2025

Growing demand for material handling equipment will boost AGV market over next seven years, study shows.

DC Velocity Staff
By DC Velocity StaffDec 02, 2018
DC Velocity Staff
See Full Bio

The global market for automated guided vehicles (AGV) is expected to reach $7.3 billion by 2025—a compound annual growth rate of 16.5 percent—according to a report from Grand View Research, Inc., released November 29.

The study points to increased demand for AGVs in manufacturing plants and warehouses as well transportation and logistics firms, where there is pressure to improve operational efficiencies. The result is a heavy investment in AGVs and other material handling equipment over the next seven years, the study authors said.

The study also reveals a "progressive switch" in the market from lead-acid batteries to lithium-ion batteries, which can help reduce maintenance requirements and improve equipment runtimes, the authors said.

Other report findings include:

  • Rising adoption of AGVs by the automotive and automotive supply industry for moving products within facilities is expected to drive the AGV market;
  • The manufacturing industry is increasingly adopting AGVs to save labor costs;
  • The logistics and warehousing segment is the largest user of AGVs, generated the highest revenue in 2017 and is expected to retain its dominance over the forecast period;
  • Europe dominated the global AGV market in 2017 while Asia Pacific is projected to exhibit the highest CAGR of 17.6 percent between 2018 and 2025.
ArticleInternal MovementMaterial Handling
grand view research
ArticleInternal MovementMaterial Handling
grand view research

The Latest

photos of us capital dome and a container ship at dock
Regulation/Government

Supply chain groups push back on Trump tariff plan

containers stacked in yard
Regulation/Government

U.S. manufacturers scramble to avoid pain of tariff war

More Stories

drawing of warehouse AMR bot with IOT data

North American manufacturers embrace “factory of the future”

Manufacturing enterprises in North America are breaking with tradition to harness the power of artificial intelligence (AI) and machine learning (ML) as they seek to compete amid new technologies, consumer demands, and economic shifts, according to a report from the research and advisory firm Information Services Group (ISG).

That changing landscape is forcing companies to adapt or replace their traditional approaches to product design and production. Specifically, many are changing the way they run factories by optimizing supply chains, increasing sustainability, and integrating after-sales services into their business models.

Keep ReadingShow less

Featured

diagram of lithium-ion battery in EV
Batteries/Chargers/Motors/Fuel

Lithium refinery to build $1.2 billion factory in Oklahoma

cargo handling cranes at a port
Cranes

Port of Savannah got four more ship-to-shore cranes on Saturday

warehouse workers handling boxes
Supply Chain Optimization Software

Aptean picks up fellow supply chain software vendor Logility

a port yard with artificial intelligence
Artificial Intelligence

​Putting artificial intelligence to work

chart of women's portion of transport and storage jobs

Women hold only 12% of transportation and storage jobs worldwide

Women are significantly underrepresented in the global transport sector workforce, comprising only 12% of transportation and storage workers worldwide as they face hurdles such as unfavorable workplace policies and significant gender gaps in operational, technical and leadership roles, a study from the World Bank Group shows.

This underrepresentation limits diverse perspectives in service design and decision-making, negatively affects businesses and undermines economic growth, according to the report, “Addressing Barriers to Women’s Participation in Transport.” The paper—which covers global trends and provides in-depth analysis of the women’s role in the transport sector in Europe and Central Asia (ECA) and Middle East and North Africa (MENA)—was prepared jointly by the World Bank Group, the Asian Development Bank (ADB), the German Agency for International Cooperation (GIZ), the European Investment Bank (EIB), and the International Transport Forum (ITF).

Keep ReadingShow less

How clever is that chatbot?

Oh, you work in logistics, too? Then you’ve probably met my friends Truedi, Lumi, and Roger.

No, you haven’t swapped business cards with those guys or eaten appetizers together at a trade-show social hour. But the chances are good that you’ve had conversations with them. That’s because they’re the online chatbots “employed” by three companies operating in the supply chain arena—TrueCommerce, Blue Yonder, and Truckstop. And there’s more where they came from. A number of other logistics-focused companies—like ChargePoint, Packsize, FedEx, and Inspectorio—have also jumped in the game.

Keep ReadingShow less
White House in washington DC

Experts: U.S. companies need strategies to pay costs of Trump tariffs

With the hourglass dwindling before steep tariffs threatened by the new Trump Administration will impose new taxes on U.S. companies importing goods from abroad, organizations need to deploy strategies to handle those spiraling costs.

American companies with far-flung supply chains have been hanging for weeks in a “wait-and-see” situation to learn if they will have to pay increased fees to U.S. Customs and Border Enforcement agents for every container they import from certain nations. After paying those levies, companies face the stark choice of either cutting their own profit margins or passing the increased cost on to U.S. consumers in the form of higher prices.

Keep ReadingShow less
phone screen of online grocery order

Houchens Food Group taps eGrowcery for e-com grocery tech

Grocery shoppers at select IGA, Price Less, and Food Giant stores will soon be able to use an upgraded in-store digital commerce experience, since store chain operator Houchens Food Group said it would deploy technology from eGrowcery, provider of a retail food industry white-label digital commerce platform.

Kentucky-based Houchens Food Group, which owns and operates more than 400 grocery, convenience, hardware/DIY, and foodservice locations in 15 states, said the move would empower retailers to rethink how and when to engage their shoppers best.

Keep ReadingShow less
Copyright ©2025.