Automated Guided Vehicle Market Expected To Experience Positive Growth Through 2024-2031 | Daifuku, JBT Corporation, KION Group, KUKA, Toyota Industries, Hyster-Yale Materials Handling

DataM Intelligence has released a new research report on the Automated Guided Vehicle market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Automated Guided Vehicle Market is expected to grow at a CAGR of 14% in the forecast period (2024-2031).

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Automated Guided Vehicle (AGV) refers to a type of mobile robot used in industrial applications to transport materials and products within a facility without direct human intervention. AGVs navigate along predefined pathways, which can be guided by various technologies such as magnetic strips, lasers, or vision systems. They are commonly employed in warehouses, manufacturing plants, and distribution centers to enhance operational efficiency, reduce labor costs, and improve safety by minimizing manual handling. AGVs can be customized to perform a variety of tasks, including pallet transport, material handling, and assembly line support, making them integral to modern automation and logistics systems.

List of the Key Players in the Automated Guided Vehicle Market:

Daifuku, JBT Corporation, KION Group, KUKA, Toyota Industries, Hyster-Yale Materials Handling, E&K Automation, Kollmorgen, Seegrid Corporation, and SSI Schaefer, Egemin Automation, Inc., Bastian Solutions, Elettric80 SpA, Fetch Robotics, Inc, inVia Robotics, Inc, Locus Robotics, System Logistics Spa, Transbotic.

Key Developments:

In 2020, a ranking placed the Asia Pacific region at the forefront of autonomous vehicle readiness, with India scoring 6.95. China, known for having the world's largest robot market, saw total Automated Guided Vehicle (AGV) sales exceed 18,000 units, a figure expected to grow further during the forecast period. Additionally, governments in APAC countries are increasingly prioritizing safety and security on production floors, which can be effectively achieved through the implementation of AGVs. The AGV market is rapidly expanding in countries like China and Japan due to rising investments by manufacturers and suppliers in integrating these vehicles into warehouses and distribution centers. In Japan, the AGV market was valued at approximately 11.3 billion yen in 2019. A survey conducted among manufacturing companies in India in the fourth quarter of 2020 revealed that about 30 percent planned to adopt advanced automation technologies, including robotics and AGVs. The growing trend of warehouse automation, alongside emerging applications such as augmented and virtual reality and the Internet of Things (IoT), as well as the need for innovative technologies that enhance product quality, speed, and cost-efficiency, are expected to drive market growth in North America during the forecast period.

Research Process:

Both primary and secondary data sources have been used in the global Automated Guided Vehicle Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Automated Guided Vehicle Market:

By Type: Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks, Others

By Navigation Technology: Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, Others

By Application: Logistics and Warehousing, Packaging, Assembly, Raw Material Handling, Others

By Industry: Automotive, Manufacturing, Food and beverages, Healthcare, Aerospace, Retail, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Automated Guided Vehicle market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Automated Guided Vehicle Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Automated Guided Vehicle market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Automated Guided Vehicle Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Automated Guided Vehicle market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Automated Guided Vehicle market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Automated Guided Vehicle market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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