The worldwide Automated Guided Vehicle market is expected to grow at a CAGR of 7.1% over the next five years, will reach 1880 million US$ in 2024, from 1250 million US$ in 2019, according to a new Research study.
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Automated Guided Vehicle (AGV) is an unmanned, computer-controlled mobile transport unit used for material handling and transportation in a wide range of industries. Also known as a self-guided vehicle or self-propelled vehicle, an AGV is a vehicle that is powered by a battery or an electric motor and is able to perform tasks without human supervision or operation.
Automated guided vehicle, which are widely used for material handling in various industries such as automotive, manufacturing, food & beverage, aerospace, healthcare, logistics, retail, and others, have proved to be very useful in catering to the growing need for automation in industrial material handling. Much of the fast growth in the industry grew out of the desire from companies to reduce operating costs and improve efficiency. During the past five years, industry operators rolled out new high technology products, such as automated pallet trucks that use laser target, gyroscopic, optical and magnetic navigation systems.
The Major players reported in the market include:
Daifuku, Atab, Meidensha, Rocla, Dematic, Egemin, Swisslog, Aichikikai, JBT, DS Automotion, AGVE Group, Seegrid, Aethon, EK AUTOMATION, Toyota, Hitachi, Siasun, CSTCKM, MTD, Yonegy.
Market Segment by Type, covers:
Unit Load Type, Automated Forklift Type, Tugger Type
Market Segment by Applications, can be divided into
Production & Manufacturing, Distribution & Logistics
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To study and analyze the global Automated Guided Vehicle market size by key regions/countries, product type and application, history data from 2014 to 2019, and forecast to 2024.
To understand the structure of Automated Guided Vehicle Consumption market by identifying its various subsegments.
Focuses on the key global Automated Guided Vehicle Consumption players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automated Guided Vehicle Consumption with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Automated Guided Vehicle Consumption submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Automated Guided Vehicle (AGV) Market size & Forecast, 2017 – 2026
The worldwide Automated Guided Vehicle market is anticipated to reach USD 3,977.8 million by 2026 according to a new study. In 2017, the automotive sector dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.
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