Europe Automated Guided Vehicle (AGV) Market 2022 Strategic Assessments - Amerden Inc., Swisslog Holding AG, SSI Schaefer Systems International DWC LLC

The Europe 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 Europe Automated Guided Vehicle market was valued at USD 508.7 million in 2020 and is expected to reach USD 3014.8 million by 2027 and grow at a CAGR of 31.6% over the forecast period (2022-2027).

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Top Leading Companies of Europe Automated Guided Vehicle (AGV) Market are 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 Updates

April 2020 - Murata Manufacturing Co., Ltd. developed a FORTELION 24V Battery Module that is ideal for industrial equipment requiring high output, such as automated guided vehicles and robots. This module is equipped with "FORTELION," a proprietary lithium-ion secondary battery, which uses olivine-type lithium iron phosphate as the cathode material and combines long life with an exceptionally high level of safety.

- October 2019 - Sauer Polymertechnik, a manufacturer of plastic packaging and hollow parts, announced that Jungheinrich AG is implementing a logistics systems at its production site located at Föritztal, Germany. The order has an automated guided vehicle system (AGV) and eleven of Jungheinrich's automated trucks ERC 213a, which will take care of material flow between production and a high-bay warehouse.

Key Market Trends

United Kingdom is Expected to Hold Significant Share

- Throughout the United Kingdom and Europe, political, economic, and technological developments are affecting the manufacturing industry's growth proportionally. Although the BREXIT vote sent shockwaves across all sectors, the manufacturing industry remained positive. Also, the predicted labor shortage is strengthening the case for logistics automation, as firms seek to make their operations less labor-intensive. High demand and opportunities for the market's growth invoked optimism among the automated logistics suppliers.

- With rising labor costs and supply chain pressure for better accuracy, speed, and responsive operations in the country, automated sortation systems are gaining prominence in supply chains for delivering productivity, throughput capacity, efficiency, and accountability for businesses cost-effective and efficient flow of goods to consumers. Manufacturers of many fast-moving consumer goods use sortation systems, primarily for handling cantonized products. Also, the United Kingdom is widely recognized for sophisticated construction work, with less floor space to operate for construction activities. Thus, particular purpose automated guided vehicles are gaining popularity in the construction sector.

Regional Outlook of Europe Automated Guided Vehicle (AGV) Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe Automated Guided Vehicle (AGV) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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