The global demand for Automatic Guided Vehicles Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020- 2026.
Automatic Guided Vehicles (AGVs) are basically programmable robot vehicles that are known by a variety of names, including AGVs, autonomous guided vehicles, guided vehicles, automated guided vehicles, self-guided vehicles and self-propelled vehicles. All of these are computer-operated vehicles and perform some variation of the same basic tasks, such as handle and transport heavy materials. AGVs transport all types of products without human involvement within production, logistic, warehouse and distribution environments. In short, it is the ideal choice to reduce costs and to increase efficiency & profitability. Industries that benefit from the services of automated guided vehicles are food and beverage processing, material and goods packaging, aerospace, plastics and metals, automotive, general manufacturing and mail and newspaper assembly.
AGV market is perceived to show a significant growth over the forecast period mainly driven by rising demand for material handling equipment and rapid adoption of automation in manufacturing industries. Rising demand for automated system across the various industries, such as for material managing application in warehouses, distribution facilities, and automobile assembly centers, is further adding impetus growth to the market. However, high cost of automated guided vehicles coupled with slow adoption rate across various industries is expected to be major restraint for this industry over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automatic guided vehicles.
The entire automatic guided vehicles market has been sub-categorized into type, navigation technology, product, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Unit Load Carriers
- Tow Vehicles
- Forklift Trucks
- Pallet Trucks
- Others (Assembly Line Vehicles)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Others (Natural Guidance, Inductive Guidance and Optical Tape Guidance)
- Assembly & Packaging
- Food & Beverages
- Others (Healthcare, etc.)
This section covers regional segmentation which accentuates on current and future demand for automatic guided vehicles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automatic Guided Vehicles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automatic guided vehicles market include Swisslog, Dematic, E&K, Toyota, Daifuku, SSI Schaefer AG and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.