A Conceptual Market Analysis of Automated Vehicles for Logistics in Future
Published: 2022
Author(s) Name: Anusha Thakur |
Author(s) Affiliation: University of Petroleum and Energy Studies, Dehradun, Uttarakhand, India.
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Abstract
Ever-changing consumption demand and industry 4.0 has drastically revolutionized the logistics chain and operating efficiency
of the production plants. Material handling poses to be a key task for the growth of any business. Whether it is the distribution
picking process or on the factory floors, a higher percentage of distribution executives, logistics, and manufacturing facilities
are nowadays, facing the challenges of increasing labour costs. With the rising number of distribution centres, and increasing
labour cost pressures, businesses are thereby emphasizing on the integration of automated solutions and processes on floors.
Implementation of automated guided vehicles (AGVs) in warehousing and distribution centres of the industries is expected to
improve the overall productivity with minimal costs. This article focuses on the market analysis and forecasting of revenue for the
forecast period of 2019–2028. Further, the article briefly emphasizes the determinants such as drivers, restraints, challenges, and
trends impacting the market for AGVs in different application segments.
Keywords: Industry 4.0, Automated Guided Vehicle, Warehouse, Distribution, Material Handling
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