Europe Automated Guided Vehicle (AGV) Market Growing Massively by 2022-2026 Major Players: Swisslog Holding AG, SSI Schaefer Systems International DWC LLC, KUKA AG

Market Insights Reports has added new statistical data to its repository titled as, Global Europe Automated Guided Vehicle (AGV) Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Europe Automated Guided Vehicle (AGV) market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Europe Automated Guided Vehicle market was valued at USD 909.47 million in 2019 and is expected to reach USD 2095.12 million by 2025, at a CAGR of 15.88% over the forecast period 2020 - 2025.

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Top Key Players in the Global Europe Automated Guided Vehicle (AGV) Market is Amerden Inc., Swisslog Holding AG, SSI Schaefer Systems International DWC LLC, KUKA AG, Jungheinrich AG, Murata Machinery, Lts., Dematic Corp., Toyota Material Handling International AB, Transbotics Corporation, John Bean Technologies (JBT) Corporation, ABB Ltd, Seegrid Corporation, and others. 

Industry News and Update:

- August 2019 - Kion Group is going to begin construction of an industrial truck factory in Northwestern Poland, which will be located in Kolbaskowo, near Szczecin. The factory is expected to produce Linde counterbalance trucks for loads up to 3.5 tonnes, including models currently manufactured in Aschaffenburg, Germany, and Xiamen, and China.

Key Market Trends:

The growth of Food and Beverages Industry Along with E-commerce is Expected to Drive the Demand

- With over 286,000 food and beverage companies operating in the region, food & beverage is one of the fastest-growing end-user sectors in Europe. According to Eurostat, almost 14.6% of household expenditure is spent on food and beverages and is expected to increase further over the forecast period.
- According to SACE (State-controlled Export Credit Agency), Italy's food exports are expected to increase by 5% per year on average through 2019, surpassing every other sector, supported by robust expansion in countries such as China. As the domestic demand is on the downside and most of the food business owners are small families in the country, such opportunities are expected to increase production in the region and thus the scope of automation.
- The growing E-commerce industry in the region is another driving factor. E-commerce growth directly leads to warehouse automation for optimizing the operations hence positively influencing the market. The region's per capita spending on E-commerce is increasing as well; for instance, according to Postnord, the UK's average annual expenditure per capita for online shopping during fiscal 2018 stood at EUR 942.
- The growing penetration of online shopping in the region is another contributing factor. According to Centraal Bureau voor de Statistiek, the share of consumers aged 16 to 75 years old who used online shopping in the EU-28 during fiscal 2018 stood at 60% and observed an increase of 3% compared to the previous year.

Europe Automated Guided Vehicle (AGV) Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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This Global Europe Automated Guided Vehicle (AGV) Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Europe Automated Guided Vehicle (AGV) market:

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