Global Automated Guided Vehicle Market is projected to rise at a CAGR of 12.4% during the period 2016 - 2024: Industry Analysis, Growth, Trends and Forecast

ResearchMoz added Latest Research Report titled " Automated Guided Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 " to it's Large Report database.

Global Automated Guided Vehicle Market: Overview

Automated guided vehicles are driverless, self-operated computer controlled vehicles which are fitted with guidance and collision avoidance system and can move materials from one place to another, without the need for any human intervention. Reliability, durability and ease in operation of the vehicles are the chief factors on which the quality of these vehicles depends. Automated guided vehicles help to safely transport all kinds of products without any human intervention within distribution, logistics, production and warehouse environments, along with reducing operational costs and increasing profitability and efficiency. AGVs are capable of lifting, shifting and rotating goods, transporting products across vast distances, storing products in deep lanes and delivering these onto the conveyors.

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Global Automated Guided Vehicle Market: Drivers

Increasing demand for AGVs in material handling and increasing need for accuracy and high productivity is driving the growth of the global automated guided vehicle market. The automated guided vehicles combined with radio frequency technology work in line with the Warehouse Control System and the Warehouse Management System to improve accuracy and efficiency since AGVs have little downtime and operate at a fixed rate to meet a predictable metric for operational activity. Further, replacement of conventional batteries with lithium ion batteries is positively influencing the growth of the global market. Thus, the conjoint effect of all these drivers is anticipated to steadily bolster the growth of the global automated guided vehicle market in the coming years.

The e-commerce companies are considering automated guided vehicles as one of their key components in their growth and expansion as these AGVs help to reduce their order processing time. The growing e-commerce industry is thus expected to serve as a prospective area where AGV manufacturers can expand their business.

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Table of Content

Chapter 1 Preface
1.1 Report Scope and Market Segmentation
1.2 Research Highlights

Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology

Chapter 3 Executive Summary
3.1 Market Opportunity Map

Chapter 4 Global Automated Guided Vehicle Market: Market Overview
4.1 Introduction
4.2 Automated Guided Vehicle Market Overview
4.3 Key Trends Analysis
4.4 Market Dynamics: Drivers and Restraints Snapshot Analysis
4.4.1 Drivers
4.3.1.1 Increasing Demand for AGVs in Material Handling
4.3.1.2 Increased Need for Accuracy and Productivity
4.3.1.3 Replacement of Conventional Batteries with Lithium Ion Batteries
4.4.2 Restraints
4.4.2.1 Long Time to Market
4.4.2.2 High Initial Investment and Low Flexibility
4.4.3 Market Opportunities
4.5 Global Automated Guided Vehicles Market Analysis and Forecasts, 2015 – 2024
4.6 Market Attractiveness Analysis
4.7 Automated Guided Vehicle Market: Competitive Landscape

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