According to authoritative data, the global automated guided vehicle (AGV) market size was valued at USD 4.28 billion in 2022, an increase of 6.5% year-on-year; while the AGV market size of China is USD 1.39 billion, an increase of 23.83%. AGV demand is growing rapidly, and it is widely used in the automotive industry, home appliance manufacturing, e-commerce and logistics, tobacco, and other fields. There is still a huge space for the development of AGV in the future. 

With nearly 50 years of experience in forklift R&D and manufacturing, Hangcha, now China's top three in AGV forklifts, enjoys a domestic AGV market share of more than 10%. In 2022, our AGV projects brought a value of USD 80 million. Currently, We have 6 series of more than 30 products, including 3t pallet AGV, 2t stacking AGV, and 3-5t stacking AGV; the high-level reach series, including 2t reach AGV and VNA three-directional reach AGV; Also the load transfer AGV, the traction series, and the mini series. 

Now, more than 500 Hangcha AGV forklift projects have been landed, varying from photovoltaic, automotive, 3C electronics, rubber, and logistics, to pharmaceutical industries at home and abroad. Our customers include Bekaert, Shenyang BMW, Shanghai Volkswagen, Cainiao Logistics, Zcrubber, etc. Our AGV solutions greatly reduce labor costs and deployment time, and the highly efficient and flexible solution always surprises our customers. 

Hangcha AGV Application CasesAGV is the result of global scientific and technological development. It has been widely used in various industries to promote logistics developed in an unmanned, smart, and efficient way. Using AGV will improve operations automation, reduce labor, optimize operating procedures, and improve efficiency and safety. It’s estimated that the global AGV market size will reach a value of USD 8.66 billion in 2030. You may be wondering how to choose the right AGV solutions for different industries and application scenarios. We will explain this in detail in the next article, so stay tuned!