Tugger AGV Market Size, Share, Opportunities, And Trends By Load Type (Cart, Trollies, Trailers, Others), By Capacity (Up to 1000Kg, 1000Kg – 5000Kg, Above 5000Kg), By Application (Warehouses, Manufacturing Units, Others), And By Geography - Forecasts From 2024 To 2029

The tugger AGV market is expected to hold a significant market share during the forecast period.

Automatic Guided Vehicles (AGVs) are automated, computer-controlled wheel-based vehicles that are used for carrying loads, which include materials and all kinds of goods. These are moved along the floor of the facility without an operator sitting on the vehicle to control the function and movement of the vehicle. This type of vehicle consists of software and hardware that guide the vehicle in a controlled environment. The hardware includes sensors, which will guide the vehicle in a predicted environment, with the software providing the necessary speed and deceleration commands to control the vehicle.  There are several types of AGVs in the market, which include unit load AGVs, automated carts, automated forklift AGVs, and tugger AGVs.

• Unit load AGVS are industrial vehicles that provide transportation of loads, which include bins, carts, pallets, and/or bundles.
• Automated carts are the simplest type of AGV with minimal features for lower-cost implementation.
• Automated forklift AGVs are forklift trucks that don’t require an operator or driver to function, which allows for unmanned operations.
• Tugger AGVs are a series of non-motorised trailers that are pulled using powered units, which carry multiple amounts of loads.
• AGVs are used in several types of activities that support the function of the facility. These include assembly, warehousing, kitting, transportation, staging, order picking, transfer/shuttle, and part/Just-in-Time (JIT) Delivery.

Introduction:

Tugger AGVs are a type of AGV that is designed for towing or pulling several carts/ trailers within a facility. This type of AGV is commonly used in warehousing and factories for the transportation of materials and goods. Unlike other AGVs, Tugger AGVs use a navigation system for movement inside the facility. Tugger AGVs are known for being heavy-duty vehicles since they can carry both heavy and bulky materials as long as the load can be placed inside the trailer/cart. Due to this, tugger AGVs can adapt to the changing circumstances in a warehouse.

Market Drivers:

• Adoption of automation: Automation is one of the key drivers in the growth of manufacturing and warehousing industries. AGVs have proven to increase the production rate and productivity in facilities. It has helped to improve the manufacturing flexibility and production flow of many manufacturing industries. AGVs are a type of Automation that provides a wide range of benefits, which include:
• Safety: Due to the vehicles being operated by software or through remote control, the safety of operators is reduced significantly. The amount of damage done to the facility and the staff has been reduced, which improved the work environment.
• Manufacturing KPIs: AGVs that are connected to real-time information systems that provide immediate visibility of materials and workflow done by the vehicle. These systems can also provide accurate key performance indicators in the facility, for further analysis and improvement.
• Increased productivity: Due to the automation of delivering materials and work-in-process, the taken for transportation and cost have been reduced significantly, which provided an increase in productivity and allowed employees to be tasked with higher-value roles.
• Material traceability: AGVs are connected to ERP-like software, which allows the traceability of materials and other goods in the facility. This provides improved productivity, predictability, and consistency of material handling at a reduced cost.
• Growth in the Manufacturing Industry: The Manufacturing industry is one of the major players in the growth of all kinds of AGVs. Since Tugger AGV is a heavy-duty type, it is perfect for material handling and transportation in manufacturing plants. This is because it reduces the time taken to transport materials and increases productivity. As per the World Bank, the value-added current Manufacturing sector shows an increase from US$16.11 trillion in 2021 to US$16.55 trillion in 2022. As the manufacturing industry grows at an increasing rate every year, it will fuel the growth of the tugger AGV market during the forecasted period.

Key Players:

• Daifuku Co., Ltd.: A Japanese multinational company known for its material-handling equipment. Their product portfolio includes a wide range of applications, which include conveyor systems, sliding pallet racks, vehicle systems such as the Sortin Transfer Vehicle (STV) Automated Guided Vehicles (AGV), and many others.
• Scott Technology Ltd.: A leader in robotics and automation that designs and manufactures a wide range of products which include automated production, robotics, and process machines.
• Fori Automation: A global leader known for its wide range of products and services which include design, build, and integration of custom material handling, assembly, welding, and testing systems.

Regional Analysis:

The Asia Pacific Region is expected to witness significant growth in the tugger AGVs during the forecasted period of 2024-2029. The factors that fuel the growth of the market in this region the government initiatives and growth in the manufacturing sector. As per the India Brand Equity Foundation, India will have the capacity to export goods with US$1 trillion by 2030. This will boost the growth of the manufacturing sector in India and move closer to being a major global manufacturing hub. Government initiatives like SAMARTH Udyog Bharat 4.0 also provide the necessary fuel for the growth of the tugger AGV market. Due to the government scheme providing support to manufacturers, vendors, and customers alike to increase growth in the industry, it also spreads awareness about the implementation of Industry 4.0 to increase automation adoption in manufacturing industries.

Market Developments:

• February 2021: Daifuku announced their collaboration with Germany’s AFT Industries, with the main focus on expanding the material handling business in the automotive industry. This collaboration benefited both companies because it allowed the companies to penetrate the global market and secure a growing demand and investment from automotive manufacturers for material handling systems worldwide.

Segmentation:

• By Load Type:
  • Cart
  • Trollies
  • Trailers
  • Others
• By Capacity:
  • Up to 1000Kg
  • 1000Kg – 5000Kg
  • Above 5000Kg
• By Application:
  • Warehouses
  • Manufacturing Units
  • Others
• By Geography:
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

4.6. Forward Proxy

5. ELECTRIC TUGS MARKET BY LOAD TYPE

5.1. Introduction

5.2. Cart

5.3. Trollies

5.4. Trailers

5.5. Others

6. ELECTRIC TUGS MARKET BY CAPACITY

6.1. Introduction

6.2. Up to 1000Kg

6.3. 1000Kg – 5000Kg

6.4. Above 5000Kg

7. ELECTRIC TUGS MARKET BY APPLICATION

7.1. Introduction

7.2. Warehouses

7.3. Manufacturing Units

7.4. Others

8. ELECTRIC TUGS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Indonesia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Fori Automation LLC (Lincoln Electric Holdings Inc)

10.2. AGVR B.V

10.3. Scott Technology Ltd.

10.4. SCAGLIA INDEVA S.p.A.

10.5. Suzhou Casun Intelligent Robot Co., Ltd.

10.6. Daifuku Co., Ltd.

Fori Automation LLC (Lincoln Electric Holdings Inc)

AGVR B.V

Scott Technology Ltd.

SCAGLIA INDEVA S.p.A.

Suzhou Casun Intelligent Robot Co., Ltd.

Daifuku Co., Ltd.