Automated Guided Vehicle Market: Development, Current Analysis and Estimated Forecast to 2030
Automated Guided Vehicle Market Overview:
The indispensable insights on the global automated
guided vehicle (agv) market are inked in the latest “ The global
automated guided vehicle market share to reach approximately USD 3.39 billion,
registering at a CAGR of 7.50% from 2022 to 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 size 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 share 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 research 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 vehicles 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.
Regional Analysis
Asia Pacific is one of the important regions for the market
in globally. 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's future scope of automated
guided vehicle. In Europe, the presence of prominent marketers can
influence 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.
top agv companies
- 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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