PUBLISHER: Inkwood Research | PRODUCT CODE: 1308059
PUBLISHER: Inkwood Research | PRODUCT CODE: 1308059
The Germany automated guided vehicle market is anticipated to accelerate with a 9.36% CAGR during the forecast period, 2023 and 2030. The market growth is driven by the expansion of the automotive sector, stringent safety regulations, the strong presence of key manufacturers, and increased R&D expenditure.
Germany holds a prominent position in the European market for automated guided vehicles (AGVs), chiefly fueled by the vast array of industries operating within its borders, such as machine building, automobiles, electronics, chemicals, and food processing. These sectors extensively utilize AGVs, with the automotive industry leading the pack, as they aid in efficient material handling.
The proliferation of AGVs in Germany's industrial landscape can be attributed to several factors. The burgeoning expansion of the automotive sector has created an amplified need for these machines. Additionally, the country's stringent safety regulations mandate the use of AGVs to enhance workplace safety and efficiency.
Further, the Germany automated guided vehicle market is fortified by the robust presence of leading robotics and material handling equipment manufacturers. Moreover, an increase in R&D expenditure in these firms stimulates innovation, leading to advanced and efficient AGV solutions, thereby driving their adoption further.
Some of the leading companies in the market include: KION AG, SSI Schaefer Group, etc.