South America Automated Guided Vehicles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Type (Standard, Hybrid, Compact, and

South America Automated Guided Vehicles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Type (Standard, Hybrid, Compact, and Others), Vehicle Type (Pallet Trucks, Unit Load Carriers, Driverless Trains, Forklift Trucks, and Others), and End-User (General Manufacturing, Food and Beverage, Aerospace, Retail, Healthcare, Logistics, Automotive, and Others)

The SAM automated guided vehicles market is expected to grow from US$ 126.77 million in 2021 to US$ 242.37 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2021 to 2028. Industry 4.0 is a new phase of the industrial revolution, which highly focuses on automation, interconnectivity, real-time data, and machine learning. By combining industry 4.0 with automation systems, traditional industrial facilities are gradually evolving into smart, connected, and highly efficient automated facilities. Industry 4.0 is also known as intelligent manufacturing and operations, which combines smart digital technology with manufacturing and supply chain management to create a better-connected ecosystem. It forms a single automated unit that combines computers and industrial automation solutions with the help of robotics. A network of connected devices creates a smart architecture capable of making decentralized decisions. The adoption of automated guided vehicles among Industry 4.0 companies is expected to improve warehouse safety and allow companies to achieve higher levels of lean manufacturing. Further, it is expected to increase company’s productivity and profitability while lowering long-term costs. Furthermore, the overall adoption of industry 4.0 by companies is significantly low and holds a potential opportunity for the AGV market players. Industry 4.0 also aims to create an operational environment wherein humans and robots can work together efficiently in warehouse. For instance, AGVs and robots are used in the warehouses of DHL Supply Chain, a division of Deutsche Post DHL. With this, manual picking in its warehouse is set to be automated. Thus, manufacturing of automated guided vehicles with the incorporation of industry 4.0 is anticipated to provide remarkable growth opportunities for players operating in the SAM automated guided vehicle market.

In SAM, Brazil got severely affected due to the COVID-19 pandemic. The region is in a developing state, due to which they faced the most significant challenge due to the COVID-19 pandemic. Due to the COVID-19 pandemic, many SAM countries have restricted traveling, significantly affecting several industries. A decline in the business operations of warehouses and logistics affected the market's growth rate in this region. SAM region is characterized by a large number of developing countries, positive economic outlook, high industrial presence, and huge population. The high growth rate of urbanization in developing countries of SAM region is anticipated to offer ample growth opportunities to the market players operating in the SAM automated guided vehicles market in the coming years.

Based on type, the hybrid segment is expected to be the fastest-growing segment during the forecast period. Hybrid automatic guided vehicle navigation systems are a combination of automation and manual operation in one vehicle. With the help of automation technology & software, transform the standard vehicle into hybrid automated guided vehicles. By installing an automation package, a vehicle is upgraded to driverless transport vehicles. The driverless transport vehicle can easily switch from automation to manual by its choice of operators. The hybrid systems are more applicable to the production area, warehouse, and distribution industry. The abovementioned features of hybrid automated guided vehicles are expected to increase demand, thereby driving the SAM automated guided vehicles market.

The overall SAM automated guided vehicles market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SAM automated guided vehicles market. The process also serves the purpose of obtaining overview and forecast for the SAM automated guided vehicles market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM automated guided vehicles market. Bastian Solutions, Inc.; Daifuku Co., Ltd.; Dematic Group (KION Group AG); Hyster-Yale Group, Inc.; JBT Corporation; Konecranes Oyj; Kuka AG; and SSI SCHAEFER Group are among a few players operating in the SAM automated guided vehicles market.

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