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Automated Guided Vehicle Market Global 2019 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2024
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The Automated Guided Vehicle (AGV) Market is estimated to grow from USD 2.0 Billion in 2019 to USD 2.9 Billion by 2024 at a CAGR of 7.8%.
Major Vendors profiled in the Automated Guided Vehicle Market include are Daifuku (Japan), JBT Corporation (US), KION Group (Germany), KUKA (Germany), Toyota Industries (Japan), Hyster-Yale Materials Handling (US), Oceaneering International (US), E&K Automation (Germany), Kollmorgen (US), Seegrid Corporation (US), and SSI Schaefer (Germany).
"Vision-guided AGV market to grow at highest CAGR during forecast period"
The projected high growth of vision-guided AGV market can be attributed to ease of technology as the users don't need to modify the existing infrastructure for installing these AGVs in an industrial facility. Static barriers or infrastructure modifications, such as magnets or reflectors, do not hinder the navigation of these AGVs through warehouses or industrial facilities. The technology rather enables them to build a three-dimensional map through a series of images taken when an operator tours the vehicle through the warehouse.
"Europe to be largest market for AGVs during forecast period"
Europe is expected to lead the AGV market, in terms of size, from 2019 to 2024. The presence of a large number of key players in this region, along with a large customer base, is among the major factors driving the market in Europe. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce overall operational cost. Implementing these solutions helps manufacturers maintain a competitive edge by facilitating efficient management of overall warehousing operations.
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Study Objectives:
o To forecast the AGV market size, in terms of value, by region - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
o To describe and forecast the AGV market, in terms of value, by type, navigation technology, application, and industry
o To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
o To provide a detailed overview of the value chain of the AGV ecosystem
o To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
o To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
o To analyze strategic approaches such as contracts, acquisitions, product launches, and expansions and partnerships in the AGV market
Competitive Landscape of Automated Guided Vehicle Market:
1 Overview
2 Ranking of Players in Automated Guided Vehicle Market
3 Competitive Situations & Trends
3.1 Expansions, Partnerships, and Collaborations
3.2 Product Launches
3.3 Acquisitions
3.4 Contracts and Agreements
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