Automated Guided Vehicle Market Global Share, Trend, Segmentation, Outlook and Forecast to 2023

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The global automated guided vehicle market is expected to reach revenues of approximately $5 billion by 2023, growing at a CAGR of around 18% during 2017-2023. The research report offers market size analysis in terms of unit shipment values during the forecast period.

The easy implementation, flexible route mapping, high accuracy, and easy scalability are some of the major factors contributing to the rising demand in the global AGV market. The ability to move more loads with multiple trailers, low maintenance costs, and increased safety are expected to boost sales of varied products in the market over the next few years.

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The global automated guided vehicle market is driven by the use of different technologies such as laser guidance, magnetic guidance, vision guidance, and natural guidance. Dematic, Daifuku, JBT Corporation, Milvus Robotics, AGVE, KUKA Robotics, and Seegrid Corporation are the leading manufacturers in the global AGV market. The market research report provides in-depth market analysis and segmental analysis of the global automated guided vehicle market by navigation, vehicle, end-users, and geography.

The major vendors in the global automated guided vehicle market are:
• KION Group
• Daifuku
• JBT Corporation
• Toyota Industries

The report considers the present scenario of the global automated guided vehicle market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

This market research report includes a detailed segmentation of the market by navigation, vehicle, end-users, and geography.Natural guidance is the fastest growing segment in the market, at a CAGR of more than 18% during the forecast period. The easy, natural navigation and it does not need retrofitting of the workspace are two of the primary factors attributing to the growth of this segment in the global market.These guided vehicles use a combination of laser-range finders, and gyroscope to pinpoint its current location and dynamically calculates the shortest path to its destination.

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Unit load vehicle segment occupied the second largest market share in 2017, growing at a CAGR of more than 17% during the forecast period. The increasing adoption of unit load vehicles in the material handling sector is propelling the growth of this segment in the global market.Automotive industry contributes to the highest revenues in the market in 2017, growing at a CAGR of over $18% during the forecast period. The implementation of stringent emission and safety norms is resulting in higher investments in R&D and driving the growth of this segment in the global market. The use of this system in the automotive industry will enable manufacturers to offer high-quality products at competitive prices.

Market Segmentation by Navigation: Laser Guidance, Magnetic Guidance, Vision Guidance,l Inductive Guidance & Natural Guidance

Market Segmentation by Vehicle: Tow Vehicles, Unit Load Vehicles, Pallet Trucks, Forklift Trucks

Market Segmentation by End-users: Automotive, Retail, Food & Beverage, Healthcare & Aerospace

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Key market insights include
1. The analysis of global automated guided vehicle market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers for the global automated guided vehicle market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global automated guided vehicle market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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