Automated Guided Vehicle Market Size, Share 2022, Impressive Industry Growth Report 2030
Automated Guided Vehicle Market Overview:
The indispensable insights on the world automated guided
vehicle market are inked the latest “Automated Guided Vehicle Market”
report, published by MRFR. As per its finding, the worldwide automated guided
vehicle market can register 9.85% by 2030.
The of numerous automated guided vehicle manufacturers
across the globe and the introduction of new line products by them can cause
the AGV market 2020 to surge. The high growing awareness about the automated
guided vehicle advantages can boost the market growth. However, disadvantages
of Automated Guided Vehicle market can hinder the
market rise. MRFR studied the automated guided vehicle history and modern
aspects, following contributions of key players.
The rapid rise of reputed food & beverage, automotive,
and e-commerce companies in developed countries can surge the automated guided
vehicle market across the globe. The robust production set up and distribution
facilities in different regions can prompt the AGV market growth.
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Market Segmentation
The study of the world Automated Guided Vehicle
Market is based on application, vehicle type, technology, and industry.
The vehicle type-based segments are TOW, unit load carrier,
pallet trucks, forklift, assembly line vehicle, and others. The TOW vehicle segment
can dominate the AVG market. Tow AGVs can add and reduce non-powered vehicles
to or from AVGs at designated stops in path. Thus the potential facilities
offered by TOW can spur the market growth.
By technology, the automated guided vehicle market segments
are traditional guidance, natural features guidance, vision guided vehicle,
inductive guidance, and laser guidance among others. The niftiness of laser
guidance technology can prompt the market growth.
The application-based segments of the automated guided
vehicle market are distribution, transportation, assembly, roll handling, and
others. The rise in transportation utility of AGVs can cause considerable rise
in revenue.
The industry-based segments of the market are automotive,
logistics & distribution, electrical & electronics, plastics &
polymers, food & beverage, pharmaceutical, and others. The logistics and
distribution segment holds the highest traction.
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Regional Analysis
Asia Pacific is one of the important region for the market
in the global. The automated guided vehicles utility is high due to the
presence of giant economies, such as South Korea, Japan, China, India,
Indonesia, Malaysia, and Australia. The high demand for automated guided
vehicles can surge the market value on the conclusion of the forecast period.
The increased spending power, improved living standards, and rise in gross
domestic product (GDP) are factors that can rise the demand for manufactured or
consumer goods, which, in turn, can leads to the rise in AGVs adoption
The automated guided vehicle global market can experience
rapid rise through the forecast period. The automated guided vehicle market in
Europe is likely to dominate the world automated guided vehicle market. In
Europe, the presence of prominent marketers can influence the regional market
growth. The automated guided vehicle market in Europe due to the high
utilization of AGVs in industrial and domestic space can underpin the expansion
of the market. The rapid technological developments, such as robotics and
automation and the high demand for retail products and electronics can prompt
the automotive guided vehicle market growth. The rapidly
growing food & beverage, construction, electronics, and automotive
industries can support the AGVs market.
Key Competitors
- Hyster-Yale
Materials HandlingInc.(the US)
- Seegrid
Corporation (US)
- KUKA
AG (Germany)
- Jungheinrich
AG (Germany)
- Daifuku
Co.Ltd (Japan)
- Toyota
Industries Corporation (Japan)
- E&K
Automation GmbH (Germany)
- SSI
SCHÄFER (US)
- KION
GROUP AG (Germany)
- JBT
Corporation (US)
- Crown
Equipment Corporation (US)
- Meidensha
Corporation (Japan)
- SCOTT
(New Zealand).
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