Market Research Report
Automated Guided Vehicles - Global Market Outlook (2020-2028)
|Published by||Stratistics Market Research Consulting||Product code||1004591|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Automated Guided Vehicles - Global Market Outlook (2020-2028)|
|Published: April 1, 2021||Content info: 150+ Pages||
According to StratisticsMRC, the Global Automated Guided Vehicles Market is accounted for $3.60 billion in 2020 and is expected to reach $8.47 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Improving safety standards at workplace, shifting demand from mass production to mass customization and rising popularity of e-commerce owing to COVID-19 are the major factors driving the market growth. However,increased use of mobile robots in retail and e-commerce industries and high installation, maintenance, and switching costs are hampering the growth of the market.
An automated guided vehicle or an autonomous guided vehicle (AGV) is a material handling system that travels throughout a warehouse, manufacturing unit or distribution center without any human interruption. It is used to transport several materials such as rubber, plastic, paper, metal, and others. For example,it is used to transport materials from the warehouse to the production facility. Automated guided vehicle are used by manufacturer to make the process faster, accurate, and cost-efficient. AGV is used to decreaselabour costs, increase productivity, and reduce product damages. Automated guided vehicles are extensively used in food and beverages, pharmaceuticals, chemical, semiconductor & electronics, retail, healthcare, and other industries. Additionally, automated guided vehicles are used in the work-in-progress application and with finished goods to support manufacturing and production units.
Based on the technology, the laser guidance segment is going to have lucrative growth during the forecast period due to flexibility, scalability, and accuracy of the laser guidance technology, it also improves safety, increases throughput, and minimizes downtime. For vehicle movement and to offer accurate navigation, laser guidance is the most flexible system.It allows the vehicles to work in a warehouse without the necessity for invasive barriers.
By geography, Asia Pacific is going to have high growth during the forecast period.China and Japan are the countries driving the growth of the AGV market in APAC. The expeditious growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China, India, and South Korea, has bestow to the growth of the AGV market in APAC. Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which may be best achieved by the implementation of AGVs.
Some of the key players profiled in the Automated Guided Vehicles Market Balyo , Bastian Solutions Inc, Daifuku Co Ltd, Dematic, E&K Automation Gmbh, Elettric 80 S.P.A., Fetch Robotics Inc, Hyster-Yale Materials Handling Inc, Invia Robotics Inc, Kmh Fleet Solutions, Kollmorgen, Rockwell Automation, Inc, Seegrid Corporation, Swisslog Holding Ag, and Toyota Industries Corporation.
Glass Panels Covered:
Vehicle Types Covered:
Batteries Types Covered:
Mode Of Operations Covered:
End Users Covered:
Sales Channel Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.