Automated Guided Vehicles Market 2019 | Worldwide Overview By Konecranes Motum, ABB, Invia Robotics, Locus Robotics, Fetch Robotics, Transbotics Corporation, Savant Automation, KUKA Group, Jungheinrich Group

Global Automated Guided Vehicle Market is accounted for $1.45 billion in 2017 and is expected to reach $3.64 billion by 2026 growing at a CAGR of 10.8% during the forecast period. Emerging E-commerce industry, adoption of industrial automation by SMEs and demand for automation in material handling across Industries are some of the factors impelling the market growth. However, high installation, maintenance, & switching costs and low labor cost in emerging countries are restricting the market growth.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/18704
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Automated guided vehicles (AGVs) are totally automated transport systems that are used in manufacturing of unmanned vehicles. The main function of these vehicles is to safely transport all types of products and materials without any human interference. Automated guided vehicles are widely being used in areas of production, logistics, warehousing, and distribution as they ensure profitability through efficient and accurate operations.
Amongst navigation technology, Vision Guidance segment held considerable market share during the predicted period. Vision guided vehicles learn a route by “seeing” as it travels through 360-degree in-built camera. The visual record is then converted to computer code. The vehicle then can respond to directions, recognizing routes by matching what it sees to what it learned.

Top Players:
Some of the key players profiled in the Automated Guided Vehicle market include Konecranes Motum, ABB Ltd, Invia Robotics, Locus Robotics, Fetch Robotics, Transbotics Corporation, Savant Automation, SSI Schaefer Systems International Dwc Llc, KUKA Group, Jungheinrich Group, Murata Machinery, Dematic Corp, Toyota Material Handling, John Bean Technologies (Jbt) Corporation, Addverb Technologies, Seegrid Corporation, Swisslog Holding, Amerden Inc and Oceaneering AGV Systems.

Request Discount on this report @ https://marketprognosis.com/discount-request/18704
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Market Segmentation:
By geography, Asia Pacific is anticipated to dominate the global market during the forecast period. The region growth is supported by the increasing manufacturing and logistics activities in the emerging countries such as China and India. The flourishing manufacturing and automobile sectors in the region are expected to spur the demand for the market growth.
Battery types Covered:
• Nickel-Based
• Lithium-Ion
• Lead
• Other Battery Type

Navigation Technologies Covered:
• Optical Tape Guidance
• Vision Guidance
• Laser Guidance
• Inductive Guidance
• Magnetic Guidance
• Other Navigation Technologies

Types Covered:
• Assembly Line Vehicle
• Pallet Truck
• Tow Vehicle
• Forklift Truck
• Unit Load Carrier

Applications Covered:
• Packaging
• Assembly
• Storage
• Distribution
• Transportation

Enquiry Before Buying@ https://marketprognosis.com/enquiry/18704
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.