Automated Guided Vehicle Markets, 2025 - Global Market is Projected to Grow by US$1.3 Billion

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Nov 20, 2019, 13:45 ET

DUBLIN, Nov. 20, 2019 /PRNewswire/ -- The "Automated Guided Vehicle - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Automated Guided Vehicle market worldwide is projected to grow by US$1.3 Billion, driven by a compounded growth of 7.6%.

Forklift Truck, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.1 Billion by the year 2025, Forklift Truck will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$44.5 Million to the region's size and clout in the next 5 to 6 years. Over US$38.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Forklift Truck will reach a market size of US$44.6 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.3% over the next couple of years and add approximately US$355.3 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

Addverb Technologies Pvt Limited
Daifuku Co., Ltd.
EK Automation Ltd.
Fetch Robotics, Inc.
Hyster-Yale Materials Handling, Inc.
Ifuture Robotics Private Ltd.
Invia Robotics, Inc.
JBT Corporation
KION Group AG
Kollmorgen Corporation
Konecranes
KUKA AG
Locus Robotics
MoTuM N.V.
Oceaneering International, Inc.
Savant Automation, Inc.
Seegrid Corporation.
SSI SCHAFER
Toyota Industries Corporation
Transbotics Corporation

Key Topics Covered:

1. MARKET OVERVIEW

Automation of Material Handling and Factory Operations and Booming E-Commerce and Need for Efficient Supply Chain Processes Drive Automated Guided Vehicle (AGV) Market
Tow Vehicles: The Largest Vehicle Type Segment in the Global AGV Market
North America and Europe Dominate AGV Market, Asia-Pacific to Spearhead Future Growth
Global Competitor Market Shares
Despite Intensifying Competition, AGV Market Presents Opportunity for Players to Flourish
List of Top 20 Players in the Global AGVs Market
Automated Guided Vehicle Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Focus on Implementing High Standards of Safety at Workplaces Drives Favors AGV Market
Forklifts-related Accidents Raise Need for AGVs: Percentage Breakdown of Number of Fatalities Attributed to Forklift by Type of Accident in the US
AGVs: The Future of Manufacturing World
AGVs Assist in Enhancing Operational Efficiency of Factories
AGV Systems: An Established Technology for Intralogistics Market
AGVs Transforming Intralogistic Processes in Factory Automation Space
Rapidly Growing Logistics Industry Presents Favorable Outlook for AGVs Market
Global Logistics Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Growing Importance of AGVs in Warehouse Management
AGV-Assisted Picking Transforms Warehouse Operations
With Global E-Commerce Sales Skyrocketing, Emergence of E-Commerce Warehouses and Need to Automate Supply Chain Spurs Investments into AGVs
Robust Growth Anticipated for E-Commerce: An Opportunity to Tap for AGVs Market
Global B2C E-Commerce Sales in US$ Billion for the Years 2017, 2019, 2021 and 2023
Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
Leading Retail E-Commerce Market: Ranked by Sales in $ Billion for 2019
Rapid Adoption of Automation Technologies in Material Handling Processes Fuel AGVs Market Growth
AGVs Emerge as Important Constituents of Industry 4.0 Revolution and Shift towards Smart Manufacturing Facilities
As Industry 4.0 and Logistics 4.0 Come Together, AGVs to Play an Even Greater Role
AGV System in Healthcare Settings: An Area of Growth
AGVs Increase Productivity in Maritime Industry
Automotive Industry: A Major End-Use Market for AGVs
Enabling Flexible and Efficient Production Operations: A Significant Advantage of AGVs in Automotive Industry
Navigation Technologies for AGVs in Automotive Assembly Lines
Automotive Companies Take the Lead in Automation of Automated Guided Vehicles
AGVs Adoption in Food & Beverage Manufacturing Bolstered by Flexibility, Scalability and Safety Advantages and Ability to Address Labor Shortage
Top Reasons for Adoption of AGVs in Food & Beverage Manufacturing
Global Packaged Food Market Size in $ Billion for the Years 2018, 2020, 2022 and 2024
Global Beverage Consumption in Billion Liters for the Period 2010-2018
Charging of Battery-Operated AGVs Becomes a Challenge for Warehouses
With Electrically-driven AGVs Becoming Integral to Logistics Applications, Need for Sophisticated Charging Systems Gains Prominence
Growing Significance of AGVs in Process Automation Gives Rise to Safety Concerns
Emergence of Advanced Navigation Systems to Result in Greater Scalability and Flexibility of AGVs
Advances in Motion Control Technology to Play a Critical Role in Enhancing Efficiency and Reducing Footprint of AGVs
New Technologies with Tremendous Potential for AGVs Market
AGVs to Benefit from the Increasing Implementation of AI in Factories
Smart Technologies such as AI, IoT and Machine Learning Foster Development of Faster and Smarter AGVs
AGVs Address the Needs of SMEs
Factors Restraining Growth of AGV Market
Challenges Confronting Use of AGVs for Material Handling Applications
Innovations & Advancements
ILIAD Projects Seeks to Integrate Artificial Intelligence into Autonomous Forklifts
ASTI and 5TONIC Team Up to Research Application of 5G Technology to AGVs
Ability to Move Materials in Industrial Facilities: A Key Innovation of AGVs
Potential Innovative Applications of AGVs
Rocla Develops New AGV Solution for Warehousing Operations
Mecfor Unveils AGV Prototype for Use in Aluminum Smelters
Product Overview
Automated Guided Vehicle (AGV)
Navigation Technology in AGVs
Applications of AGVs
Advantages and Disadvantages of AGVs
Standards for AGVs

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/ec0f4s

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