Automated Guided Vehicles (AGVs) Market was estimated at USD 1.87 billion in 2023 and is projected to reach USD 2.99 billion by 2030, growing at a CAGR of 6.9%.
The Automated Guided Vehicle (AGV) Market systems help move and transport items in production facilities, warehouses, and distribution centers without a permanent transport system or manual intervention. Follow configurable guide routes to optimize warehousing, picking, and transport in the AGV environment due to several advantages like reduced labor costs, less product damage, higher productivity, and scalability to support automation processes. These remarkable benefits encourage transportation and logistics companies to use Automated Guided Vehicles to increase the efficiency of their operations.
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Players Covered in the Automated Guided Vehicle Market are:
JBT Corporation, Kuka AG, Daifuku Co Ltd, Kion Group AG, Omron Adept Technologies INC, AGVE Group Inc, Murata Machinery, Transbotics Corporation, Oceaneering International Inc, Seegrid Corporation, Murata Machinery, SSI Schaefer, AVT Europe NV, Cassioli Srl, Toyota Industries Corporation, Robotnik, Kollmorgen, E&K Automation GMBH, BEUMER Group GmbH & Co KG, Mecalux, S.A, Bastian Solutions Inc. and other major players.
Automated Guided Vehicle Market investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Automated Guided Vehicle Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the global Automated Guided Vehicle Market study. The market research includes raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Automated Guided Vehicle Market trends, major leading countries/regions, market risk, and market driving force. The market prediction was based on a thorough market investigation completed by several industry experts.
Segmentation Analysis of the Automated Guided Vehicle Market Market :
Segmentation in the Automated Guided Vehicle (AGV) market involves categorizing potential customers and users of AGVs into distinct groups based on various characteristics and criteria. This allows AGV manufacturers and service providers to target their products and marketing strategies more effectively to meet the specific needs of each segment. Here are some common segmentation factors in the AGV market:
By Type
· Tow Vehicles
· Unit Load Carriers
· Pallet Trucks
· Assembly Line Vehicles
· Others
By Navigation Technology
· Laser Guidance
· Magnetic Guidance
· Inductive Guidance
· Others
By Application
· Logistics & warehousing
· Assembly
· Packaging
· Raw material handling
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In Automated Guided Vehicles Market
· In March 2021, Toyota Industries amalgamated with All Nippon Airways (ANA) to test autonomous towing tractors at Saga Airport in Japan. The towing tractors are equipped with 2D/3D LiDAR sensors to automatically detect objects in their path and allow the vehicles to adjust course automatically.
· In February 2021, Daifuku partnered with AFT Industries which is a Germany-based automation and conveyor technology company. This partnership aims to improve material handling systems for the automotive industry. The partnership will focus on opening new networks to meet the global demand for material handling systems for the automotive sector.
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