Automated Guided Vehicle Market 2022 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027

The Automated Guided Vehicle Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automated Guided Vehicle market growth.

The Global Automated Guided Vehicle Market Size is Projected to Reach at a CAGR of 17% during 2022-2027.

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Automated Guided Vehicle Market Overview

The global automated guided vehicle market was worth USD 2.41 billion in 2020 and is projected to reach USD 14.18 billion by 2026, recording a CAGR of 31.4% over the forecast period (2022 - 2027). Lights-out automation has been the aimed result for various manufacturing facilities. Lights-out automation involves in fully automated systems for various components in manufacturing. Warehouses run completely based on automation which eliminates the need for additional costs for lighting. A majority of the factories have been trying to limit human intervention, to limit the scope for errors and increase productivity.

The retail industry’s growth is primarily driven by the increasing demand from e-commerce, primarily for automated warehouse solutions. According to the e-commerce Europe report, the region's online-sales increased by 13% in 2019, and total sales were valued at EUR 621 billion, and the concentration of the market is expected to be focused in Western Europe, a majority of the turnover from the B2C platform is from the region (66%). Owing to such developments, vendors in the market are increasingly adopting automation.

Top Leading Companies:

Dematic, Daifuku, Siasun, Meidensha, Toyota, Swisslog, CSG, Yonegy, Rocla, JBT, DS Automotion, Aichikikai, CSIC, Ek Automation, MIR, Aethon, Atab, Seegrid, AGVE Group

Recent Development:

For instance, ThyssenKrupp's material handling division is investing over EUR 70 million in its European warehousing and logistics network. Its new logistics centre is expected to be built in Rotenburg/ Wümme (Lower Saxony), with an area of 36,000 square meters and store up to 20,000 metric ton of materials. Such developments in the region are driving the demand for AGVs.
March 2020 - Seegrid Corporation has announced to raise USD 25 million in an equity funding round led by venture capital firm G2VP. The company has mentioned that the funding is driven due to the COVID-19 outbreak, and industry requires non-essential workers to adhere to social distancing along with plenty of industrial roles that need people to be physically present.
February 2020 - China-based robotics firm - Geek+ specialized in robotics technologies for logistics, has announced to expand its operations in the United States. The company has inaugurated its office in California to manage robotic warehouse and smart factory projects in the country.

Automated Guided Vehicle Market Segmentation by Type:

Tugger Type
Pallet Truck
Unit Load Carrier
Others

Automated Guided Vehicle Market Segmentation by Application:

Manufacturing Sector
Wholesale and Distribution Sector

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Asia-Pacific is Expected to Witness a Significant Growth

Asia-Pacific is the largest consumer of AGVs in the world. The easy availability of affordable automation services is due to the highly fragmented market and increasing production in the automobile sector is 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 are at the forefront of vehicle automation in Asia-Pacific.

Regional Automated Guided Vehicle Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automated Guided Vehicle Market Report:

Detailed overview of Automated Guided Vehicle Market
Changing the Automated Guided Vehicle market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automated Guided Vehicle market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automated Guided Vehicle Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automated Guided Vehicle Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automated Guided Vehicle industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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