Emerging automation solutions, and growing autonomous vehicles usage universally is positively influencing the automated guided vehicle market, as per the key findings of a new business publication by IndustryARC. The analyst of the report has evaluated that the global automated guided vehicle market value stood at $2.57 billion in 2018, and the opportunities will balloon at a CAGR of 8.05% during the forecast period of 2019-2025.
The report is titled: “Automated Guided Vehicle Market: By Navigation (Laser, Magnet, Wire, Others), By Use (Kitting, Staging, Order Picking, Others), By Application (Automotive, Food and Beverage, Manufacturing, Warehousing and Distribution, Others)-Forecast (2019-2025).” It incorporates an in-depth analysis of market drivers, market trends, market opportunities, competitive landscape, and strategic analysis of the global automated guided vehicle market.
Global
Automated Guided Vehicle Market: Demand Analysis
Automated guided vehicle (AGV) supports ease and safe movement of the product at a faster rate using motorized rollers. It involves constant transportation of loads of material to places and it does not rely on human decision making. Transportation of raw materials, and finished goods from the manufacturing lines and storage picking in warehousing and distribution applications are the major applications of AGV. Automated guided carts are the low-cost version of AGV’s. Navigation technology plays a promising role in navigating the automated guided vehicles such as unit load carrier, tow vehicles, pallet trucks, and assembly line vehicles. A diverse range of applications of AGV to transport varied types of materials such as rolls, carts, pallets, racks, and containers are propelling the growth of AGV market.
Global
Automated Guided Vehicle Market: Leading Segments
Material handling application segment is set to grow at a faster rate with a CAGR of 10.67% throughout the forecast period 2019-2025. As it plays a vital role in the production facility and in a warehouse to transport the material throughout the location from various loading locations to several unloading locations. AGV is an intelligent and versatile material handling system which is well known as self-propelled. Automation process of material handling system enhances the accuracy and efficiency of transportation and storage of materials.
North America held a regional share of 36.72% in the global automated guided vehicle market for the year 2018. The rapid growth of e-commerce and artificial intelligence usage in AGV solutions are driving the growth of AGV market. Growing industry verticals and great implementation of technology advancements in the U.S. are also impacting the growth of AGV market in this region.
Global
Automated Guided Vehicle Market: Disruptive Trends
o
Accountability, flexibility, automatic
line balancing cost control, and facility maintenance are the key benefits
provided by AGV.
o
Scalability, reliability in performing
repeatable tasks, reduced operating costs, and reduction in product damage are
the main features of AVG which are attracting the manufacturers to purchase
them.
o
Rising return on investments coupled
with an increase in the scheduling capabilities without compromising the efficiency
of operations. All these factors are boosting the growth of the AGV market.
o AGV is an evolving laser guided vehicle which is navigated along a defined route in the facility through lasers. In addition to this, they are also navigated through markers, magnets, wires, and virtual programming.
Global
Automated Guided Vehicle Market: Competitive Landscape
Some of the crucial
players which are holding the major share in the global automated guided
vehicle market are Daifuku, JBT Corporation, KION Group, KUKA, Toyota
Industrial, Hyster-Yale Materials Handling, Kollmorgen, EK Automation, Seegrid
Corporation, and SSI Schaefler.
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Related Reports:
A.
Canada Automated
Guided Vehicle Market
https://www.industryarc.com/Report/18992/canada-automated-guided-vehicle-market
B.
Automated Material Handling Market
https://www.industryarc.com/Report/15492/automated-material-handling-market.html
What can you
expect from the report?
The automated guided vehicle market is prepared
with the main agenda to cover the following 20 points:
1. Market Size
by Product Categories & Application 11. Demand Analysis (Revenue &Volume)
2. Market trends
& Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor
Landscape 14. Market Shares Analysis
5. Pricing
Analysis 15. Value Chain Analysis
6. Top 10 End
user Analysis 16. Supply Chain Analysis
7. Product
Benchmarking 17. Strategic Analysis
8. Product
Developments 18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent
Analysis 20. Revenue and Volume Analysis
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level of data in application or end user industry.
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number of countries in geography chapter.
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