Automated Guided Vehicle (AGV) Market 2021 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026

The Automated Guided Vehicle (AGV) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global automated guided vehicle market was worth USD 4.55 billion in 2019, and is projected to reach USD 11.70 billion by 2025, recording a CAGR of 17.01% over the forecast period (2020 - 2025). 

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Top Leading Companies of Automated Guided Vehicle (AGV) Market are Amerden Inc., Swisslog Holding, SSI Schaefer Systems International DWC LLC, KUKA Group, Jungheinrich Group, Murata Machinery, Dematic Corp., Toyota Material Handling, Transbotics Corporation, John Bean Technologies (JBT) Corporation, ABB Ltd, Seegrid Corporation and others.

Key Market Trends:

Robotic Automation to Drive the Market Growth

- Owing to rapid technological advancements in robotics and automation, the manufacturing sector has witnessed an increased adoption of robotics engineering and technology into its production process.
- Manufacturers are considering factors such as load, orientation, speed, precision, duty cycle, travel and environment before selecting the robot that will give the most effective and profitable results in their manufacturing plant.
- An articulated robot is one of the most discussed types of industrial robots. It resembles a human arm in its mechanical configuration. Articulated robots having six degrees of freedom are the most commonly used industrial robots as the design offers maximum flexibility and its use in various applications such as food packaging, automotive assembly, forging application, etc.

Asia Pacific to Witness a Significant Market Growth

- Asia-Pacific is the largest consumer of AGVs in the world. Easy availability of affordable automation services is due to highly fragmented market and increasing production in the automobile sector are boosting the demand for AGVs in this region.
- The transportation segment is accounted for the major share in this region due to the rapid urbanization and increased industrial production.
- Vehicle automation, as with any other automation, requires good feedback and information about the status of vehicle operation to close the loop in automation control. MTS Temposonic sensors are rugged and reliable in Off-Highway applications, and with more than 15 years of field experience across construction, agriculture, and municipal vehicles, MTS sensors is at the forefront of vehicle automation in Asia-Pacific.

Competitive Landscape:

- March 2019 - Flipkart introduces automated guided vehicles in its Bengaluru sortation centre, which will be working in conjunction with the facility staff to identify encoded information on packages and sort them according to their pincodes. According to the company, deploying 100 of these AGVs will increase the efficiency of the facility by 60 percent. This will also ensure 5x scaling of the existing 4,500 shipments that the setup does currently.
- January 2019 - Cruise Automation received the first glimpse of potential real-world applications which partnered with DoorDash to deliver food and groceries to select customers in San Francisco. It will commercialize the self-driving cars which will give a good impact in the new generation of self-driving vehicles.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Automated Guided Vehicle (AGV) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Automated Guided Vehicle (AGV) Market (%),2016 - 2026
- Automated Guided Vehicle (AGV) Market Share, By Brand
- Automated Guided Vehicle (AGV) Market Share, By Company
- Automated Guided Vehicle (AGV) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Automated Guided Vehicle (AGV) Market Value Analysis & Forecast
- Promising Automated Guided Vehicle (AGV) Development by Major Companies
- Detailed Automated Guided Vehicle (AGV) Portfolio of the Major Companies
- Major Deals in the Automated Guided Vehicle (AGV) Market
- Major Companies Analysis

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