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Automated Guided Vehicles (AGV) Market Outlook to 2025 - Egemin Automation, Daifuku, Hyster-Yale Materials Handling, Kion Group, Kollmorgen, JBT Corporation, Toyota Industries, Balyo, Amerden, Murata Machinery

01-24-2019 04:27 AM CET | Logistics & Transport

Press release from: The Insight Partners

Automated Guided Vehicles (AGV) Market

Automated Guided Vehicles (AGV) Market

Automated guided vehicle (AGV) or self-guided vehicle comprise of transport systems to perform the functions without guidance from driver. These vehicles are installed in varied industries to contribute in the process of packaging, assembly of products, distribution, and storage. Increasing demand for material handling and other business processes in automobile, manufacturing, warehouse stations, healthcare, food & beverage industries, demand for AGV is also rising. In addition to this, with an aim to increase efficiency, lower the rate of damage goods, as well as cut down the additional costs by restricting number of workforce required to complete the task. These factors are impacting a positive result for the growth of automated guided vehicle market.

However, price indulge in installation, maintenance, and repair of AGV is high which increases the overhead structure of the business and reduces profitability. On the other hand, rise in the number of e-commerce players and their attempt to position themselves differently by adopting AGV in warehouses to automate all the business functions in less time restraint is anticipated to grow the automated guided vehicle market with ample of opportunities in the forthcoming period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automated guided vehicle market based on technology, type, vehicle type, and end user. It also provides market size and forecast till 2025 for overall automated guided vehicle market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.

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The key players influencing the market are:

1. Egemin Automation Inc.
2. Daifuku Co., Ltd.
3. Hyster-Yale Materials Handling, Inc.
4. Kion Group AG
5. Kollmorgen
6. JBT Corporation
7. Toyota Industries Corporation
8. Balyo Inc.
9. Amerden Inc.
10. Murata Machinery, Ltd.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

On the basis of application, the transportation application accounted for the largest share of the AGV market in 2017. Transportation systems rapidly and efficiently connect the receipt of goods, production, order picking, and material shipment within the plant. They also aid the movement of goods around a warehouse to improve material handling efficiency and productivity while maximizing profits. AGVs are widely used for automatic transportation of materials from one location to another, which maximizes productivity, reduces costs, prevents infrastructure damages and accidental injuries, and optimizes space.

Automated Guided Vehicles (AGV) Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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Reason To Buy

Highlights key business priorities in order to assist companies to realign their business strategies

- Highlights Automated Guided Vehicles (AGV) Market hereby allowing organizations to gain revenues by focusing majorly on select products
- The key findings and recommendations highlight crucial progressive industry trends in the Automated Guided Vehicles (AGV) Market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the market and PEST analysis for regions such as North America, Europe, APAC, Middle-East & Africa and South America

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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