Automated Guided Vehicle Market |Future Trends, Industry Size & Share, Market Growth and Major Players
The Global Automated Guided Vehicle Market is Projected to Grow USD 4.43 billion at a CAGR of 9.8% During the Forecast Period | No of Pages 160
Global “Automated Guided Vehicle Market” study 2023, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.
Automated Guided Vehicle Size Market was USD 2 billion in 2021, and is projected to grow from USD 2.17 billion in 2022 to USD 4.11 billion by 2029 at a CAGR of 9.6% during 2022-2029.
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List Of Top Key Player Of Automated Guided Vehicle Market:
- Oceaneering International Inc. (U.S.)
- Toyota Advanced Logistics (Japan)
- Daifuku Co., Ltd. (Japan)
- KION GROUP AG (Germany)
- Hyster-Yale Materials Handling, Inc. (U.S.)
- JBT (U.S.)
- Mitsubishi Caterpillar Forklift America Inc. (U.S.)
- Crown Equipment Corporation (U.S.)
- Seegrid Corporation (U.S.)
- E&K Automation GmbH (Germany)
- HIT Robot Group (China)
- Swisslog Holding AG (Switzerland)
- Bastian Solutions, Inc., (U.S.)
- Dematic (U.S.)
- BALYO (France)
- KMH Fleet Solutions (U.S.)
Global Automated Guided Vehicle Market Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.
Automated Guided Vehicle Market Segmentations:
By Type
- Tow Vehicles
- Automated Forklift Trucks
- Underride/Tunneling Vehicles
- Assembly Line Vehicles
- Others (Unit Load Carriers)
By Navigation Technology
- Laser Guided
- Magnetic Guided
- Vision Guided
- Others (Wire Guided)
By Application
- Transportation & Distribution
- Storage & Assembly
- Packaging
By Industry
- Automotive
- Food & Beverage
- E-commerce
- Others (Healthcare)
Market Drivers:
Improved technology in the material handling process has enabled industries to have linked factories, leading to the adoption of automated material handling operations with the help of advancements such as Big Data, machine learning, and others. This allows them to have more flexible production processes, better quality control, and better labor management.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Recent Developments
– Seegrid Corporation acquired Box Robotics. Box Robotics is a startup dealing in mobile robotics, which specializes in three-dimensional LiDAR, high-definition maps, & deep learning. This strategic development focuses on enhancing situational awareness for its AGV’s in distribution, manufacturing, & e-commerce facilities.
– Oceaneering International’sRotator division introduced a new high-performance T-CTV (Topside Chemical Throttle Valve) for use in a variety of sectors, including oil and gas, chemical processing, wastewater treatment, medical, and pharmaceutical.
Research Methodology:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Automated Guided Vehicle Market
- Overview of the Regional Outlook of the Automated Guided Vehicle Market
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