The Worldwide Automated Guided Vehicle (AGV) Market Size was calculated at USD 1.71 Billion in 2017 and is estimated to cross USD xx.XX; the industry is witnessed approximately at a CAGR 14.69 over the forecast period that is 2019 to 2025 owing to increasing demand from developing countries such as India, China. Growing industrialization in these countries to help boost product demand same time AGVs help to manage various sectors such as warehousing, logistics and packaging. It is used to handle heavy tasks which are save labor casts of companies and reassign staff on other essential task are major factors will boost industry growth over the timeline.  The base year considered for this report is 2017, and the forecast period for the market has been considered from 2018 to 2025.

Global AGV Market Growth Opportunities (Revenue, Growth) By 2017-2025

The market is expected to grow at a rapid pace through 2025 with governments all over the world heavily investing in development of fuel cell technology. Such investments have resulted in reduction in the presence of expensive noble metals in a fuel cell, effectively reducing their prices. Increased allocation of funds has also led to establishment of necessary infrastructure, such as hydrogen filling stations. The Global Automated Guided Vehicle Market is projected to grow at a fastest in coming years. The major manufacturer increasing production capabilities due to heavy demand across the globe particularly end user industries such as transportation, automotive and Manufacturing, Food & Beverages, Aerospace, Healthcare and Retail. 

Market Dynamic

Labor safety is main concern for heavy material handling to manufacturer which is push them to use automated guided vehicle same time it is reduce time as compared to traditional method which is same time very risky for workers all these reason are pushed to boost market growth over the forecast period.

“The Global Automated Guided Vehicle Market was calculated at USD 1.71 Billion in 2017 and it is projected to witness a CAGR of 45.69% over the forecast period that is 2019 to 2025.”

The global market analysis offers in-depth insights, revenue details, and other vital information regarding the global automated guided vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automated guided vehicle market report has been segmented on the basis of type, application, and region.

Scope of the Market

Component Insights: - Based on the component, the automated guided vehicle market has been classified into hardware, software, and service. In 2017, the hardware segment contribute major role in the market, in terms of revenue, and is likely to continue the dominance in future.

Battery Type Insights - Based on battery type, the automated guided vehicle market has been divided into lead, lithium-ion, nickel-based, and other batteries. In 2017 the lead battery segment holds the major share in terms of volume and is to continue the future dominance.   

Vehicle Type Insights - Based on vehicle type, the automated guided vehicle market has been classified into tow vehicle, unit load carrier, pallet truck, forklift truck, hybrid vehicles, and others. The unit load carrier segment is projected to cross at the fastest growing CAGR during the forecast period. The forklift truck segment is also excepted to register measurable growth.

Navigation Technology Insights- Based on navigation technology, the automated guided vehicle market has been divided into laser guidance, magnetic guidance, vision guidance, inductive guidance, natural navigation, and others. In 2017 the laser guidance segment collected the countable revenue.

Application Based Insights - Based on application, the automated guided vehicle market has been classified into logistics and warehousing, assembly, packaging, trailer loading and unloading, raw material handling, and others. The logistics and warehousing segment are sub-segmented into transportation, distribution, cold storage, wholesale & distribution, and cross-docking. In 2017 the logistics and warehousing segment gathered the highest revenue.

Regional Analysis

The global automated guided vehicle market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe – UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018 the Europe automated guided vehicle market is dominated the global industry and is anticipated to sustain the region dominance during the forecast period. The industry is basically driven by growing demand for heavy material handling equipment and need of automation technology in heavy industries. Same time rapid adoption of new technology in the region is estimated to cross predicated growth during the forecast timespan.

Global Automated Guided Vehicle Market Size, Share Analysis By Region 2017

In 2017 The APAC market is the most countable in the region for the AVG and is anticipated to register the highest CAGR due to generating huge demand from heavy material industry and fast-growing e-commerce industry same time number of new investment coming in the region to install new plants. The region is witnessing highest growth in terms of revenue due to emerging economies such as India and China. The Middle East and Africa market is gaining attraction for new investment from major key companies which look more scope in the regions and expected to raise healthy growth over the forecast period.

Key Players

The major key industry manufacturer in the market that are Swisslog Holding Ltd.; Egemin Automation Inc.; Bastian Solutions, Inc.; Daifuku Co., Ltd.; Dematic Corp.; JBT Corporation; Seegrid Corporation; Toyota Industries Corporation; Hyster-Yale Group, Inc.; Balyo Inc.; EK Automation; Kollmorgen; KMH Systems, Inc.; Elettric80 SpA; Fetch Robotics, Inc.; inVia Robotics, Inc.; Locus Robotics; Schaefer Systems International, Inc.; System Logistics Spa; and Transbotics.

Global Automated Guided Vehicle Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.