Automated Guided Vehicle Market Report Examines Analysis by Latest Trends, Growth Factors, Key Players and Forecast to 2030
Market Summary -
According to the latest information, in 2019, the
global Automated
Guided Vehicle Market Size is expected to cross USD 4.31 billion
by 2030 at a CAGR of 9.85% during the forecast period ending in 2030
The automated guided vehicles market opportunities are an
incorporation of industry 4.0 is predicted to boost the growth of the market.
Automated guided vehicles are load carriers or
self-guided material handling systems. These can travel autonomously across
various areas like distribution centers, warehouses, or manufacturing
facilities installed using the sensors without any onboard operator.
Supply chain management is using automation in the form of automated guided
vehicles like forklifts, small rack carrying robots, automated stackers, and
pallet trucks.
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Moreover, to perform various tasks, these vehicles are
programmed using the safest alternatives for material handling, machine
learning, and deep learning. Apart, these vehicles provide superior benefits
like safety inside facilities, precision & productivity raises, reduced
product damage, scale to support automation processes, and labor costs
lessened. These advantages escalate the transportation and logistics firms to
deploy AGVs.
Automation and automated guided vehicles are highly
demanded in various industries and safety, accuracy, and productivity are
increasing which leads to rising in the growth of the automated guided
vehicle market. These vehicles follow configurable guide paths for storage
optimization, picking, and transport functions in the premium space
environment.
These vehicles are used in various end-use industries like
healthcare, logistics, manufacturing, automotive, food and beverages, and
others. Rising industrialization leads to the continuous need for transport
solutions for enhancing efficiency and customized material handling.
Top Growing Key Players -
- Toyota
Industries Corporation in Japan
- KUKA
AG in Germany
- Hyster-Yale
Materials Handling Inc. the US
- KION
GROUP AG in Germany
- Meidensha
Corporation in Japan
- Seegrid
Corporation in the US
- Daifuku
Co. Ltd in Japan
- Jungheinrich
AG in Germany
- Crown
Equipment Corporation in the US
- SSI
SCHÄFER in the US
- Meidensha
Corporation in Japan
- SCOTT
in New Zealand
- E&K
Automation GmbH in Germany
- JBT
Corporation in the US
Industry News
As per the latest updates, the automated guided vehicle
market forecast states that the vehicle market is going to reach immense growth
due to the introduction of new product development, mergers, and acquisitions.
The innovation by Seegrid is named GT10 Series 7Plus Vision
Guided Vehicle which is featured with a shorter mast structure for
accommodating height-restricted facilities and is mounted by more beneficial
features.
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Market Segmentation
Based on the recent updates, the global automated guided
vehicle market is analysed into four segments such as vehicle type, technology,
application, and industry.
Vehicle Type Segmentation: The automated
guided vehicle market based on vehicle types is classified into TOW
Vehicle, unit load carrier, forklift vehicle, pallet trucks, assembly line
vehicles, and others.
Technology Segmentation: The automated guided
vehicle market by technology is categorized into five types as traditional
guidance, inductive guidance, laser guidance, natural features guidance, and
vision-guided vehicles.
Application Segmentation: The automated
guided vehicle market applications are transportation, distribution,
assembly, roll handling, and others.
Industry Segmentation: By industry, the automated
guided vehicle market is analyze into various forms like electrical &
electronics, automotive, pharmaceutical, logistics & distribution, plastics
& polymers, food & beverage, and others.
Regional Analysis
According to the automated guided vehicle market
share and other aspects, the regional market is divided into four major regions
like North America, Asia-Pacific, Europe, and the Rest of the
world. Among them, Europe is dominating the largest market share due to
the rising use of industrial and domestic space and rapid technological
developments in robotics and automation.
The high demand for
electronics and retail products and the enhancing automotive industry is
boosting the market growth in this region. Rise in the end-use industries like
electronics, food & beverage, automotive, and construction are also
fostering the market growth.
Continue...
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