Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Technological Innovation Transforms Material Handling Equipment Industry

by Corinne Gangloff

September 1, 2022

Cleveland OH, September 1, 2022 – Technological innovation is transforming the global material handling equipment industry. This trend and more are discussed in the new study Global Material Handling Equipment. As companies around the world confront a variety of workforce challenges and face intensifying competition, they are increasingly turning to newly developed material handling technologies. The automated guided vehicles (AGVs) segment has seen particularly impressive innovation gains in recent years, sparking increased interest:

  • In March 2022, Gaussin unveiled the world’s first hydrogen-power automated guided vehicle, which will be used in port applications
  • JBT unveiled a groundbreaking AGV for warehouse freezer applications (an underserved market) in April 2021, and the machine can operate -10F and 110F and offers a lift capacity of 2500lb
  • In March 2022, Flux Power introduced its advanced C48 Lithium-Ion battery pack for AGVs and automated mobile robots (AMRs), which is easier to service than predecessors and offers lower ownership costs, longer run times, and sustained high performance

With the introduction of these and other more capable models, manufacturers are greatly strengthening the capabilities of new models by incorporating a variety of advanced technologies. While some improvements are targeted, others fundamentally changes with a particular machinery is capable of. As companies face worker shortages, high labor costs, worker retention issues, and the limited availability of skilled operators, they will increasingly turn to AGVs and other advanced material handling equipment.

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.