Press release
Automated Guided Vehicle Market is Estimated to Reach USD 4.38 billion by 2029: Cognitive Market Research
Automated Guided Vehicle Market is Estimated to Reach USD 4.38 billion by 2029: Cognitive Market Research
An automated guided vehicle, or AGV, the system follows a predetermined path throughout a facility. It is sometimes referred to as an automatic guided vehicle, autonomous guided vehicle, or even an automatic guided cart. A vehicle that transports a load through a warehouse, a manufacturing facility, or an assembly line is known as an AGV automated guided vehicle. It includes Automated Guided Carts, Unit Load Carriers, Heavy Towing Carriers, Forklift and Towing AGVs, and Tugger AGVs. Automotive assembly, aerospace manufacturing, food processing, beverage manufacturing, chemical manufacturing, commercial printing, hospitals, newspaper, paper, pharmaceutical manufacturing, plastics manufacturing, and warehousing and distribution facilities are major industries that use AGV systems.
Summary:
As per the study of CMR, The Global Automated Guided Vehicle market is valued at USD 2.35 billion in 2022 to USD 4.38 billion by 2029, at a CAGR of 8.9% in the forecast period of 2023-2030.
To know more about The Automated Guided Vehicle Market statistics click here: https://www.cognitivemarketresearch.com/automated-guided-vehicle-market-report
Market Dynamics:
What are the driving factors for the Automated Guided Vehicle Market?
Growing demand for automation in food, e-commerce, automotive, and other industries, and increasing focus on workplace safety are the major driving factors for the Automated Guided Vehicle Market. Employee safety is the primary focus in many industries like warehousing, logistics, automotive, and others, in which the workers are required for specific risky work activities. These activities include loading, storage, and unloading of goods, which can put the workers at risk. This risk can be minimized by using AGVs, which is also fuelling the growth of the market.
What are the opportunities for the Automated Guided Vehicle Market?
Increasing expenditure on research and development in the automotive industry and adoption of advanced technologies can create ample opportunities during the forecast period for the Automated Guided Vehicle market. However, the high initial investments and installation costs in Automated Guided Vehicles can hamper the growth of the Automated Guided Vehicle market during the forecast period.
North America is the dominating Region for the Global Automated Guided Vehicle Market
As per the CMR study, North America is the largest contributor to the Automated Guided Vehicle Market, owing to the increasing import, and export activities, and quick adoption of advanced technologies. In addition, the growing food processing sector and increasing demand for automation in different industries like automotive, warehouse and logistics, and others are also fuelling the market growth in this region.
Market segmentation:
Type:
• Forklift Vehicle
• Assembly Line Vehicle
• Automatic Guided Cart (AGC)
• Towing Vehicle
• Unit Load Carrier
• Pallet Truck
• Autonomous Mobile Robot
• Others
Technology:
• Laser Guidance
• Vision Guidance
• Magnetic Guidance
• Inductive Guidance
• Optical Tape Guidance
• Others
End-use Industry:
• Automotive
• Food & Beverage
• E-Commerce
• Others
Based on the end-use industry, the Automated Guided Vehicle market is segmented into Automotive., Food & Beverage, E-Commerce, and Others. According to our analysis, the E-Commerce segment is the dominating segment, owing to the rising popularity of e-commerce platforms, and the loading-unloading activities in this industry.
Application:
• Transportation & Distribution
• Storage & Assembly
• Packaging
Competitive Analysis for Automated Guided Vehicle Market: Swisslog Holding AG, Egemin Automation, Bastian Solutions, Daifuku Co. Ltd, Dematic Corp, JBT Corporation, Seegrid Corporation, Toyota Industries Corporation
Get free sample pages of the latest published Automated Guided Vehicle Market Report: https://www.cognitivemarketresearch.com/automated-guided-vehicle-market-report
Recent Development in Automated Guided Vehicle Market
HRG launched a new 'automated guided vehicle' (October 2019)
HRG has launched an "automated guided vehicle", although it appears to have the technology that is also found in autonomous mobile robots, which are slightly different.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automated Guided Vehicle Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automated Guided Vehicle Market Segmentation
1.5.1 Automated Guided Vehicle Market Regional Fragmentation
1.5.1 Automated Guided Vehicle Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automated Guided Vehicle Market
• 3.1 Global Automated Guided Vehicle Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automated Guided Vehicle Value, Absolute & Opportunity Analysis
• 3.3 Global Automated Guided Vehicle Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automated Guided Vehicle Market Statistics 2022: Snapshot
Chapter 4 Global Automated Guided Vehicle Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automated Guided Vehicle Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automated Guided Vehicle Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automated Guided Vehicle Market Regional Analysis
Chapter 12 North America Automated Guided Vehicle Market Outlook (2018 - 2030)
Chapter 13 Europe Automated Guided Vehicle Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Automated Guided Vehicle Market Outlook (2018 - 2030)
Chapter 15 Latin America Automated Guided Vehicle Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Automated Guided Vehicle Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customized/Exclusive Report Access on Request
To know more about Automated Guided Vehicle Market TOC click here: https://www.cognitivemarketresearch.com/automated-guided-vehicle-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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