South America Automated Guided Vehicle Market Forecast to 2030 - Regional Analysis - by Technology, Vehicle Type, and End User

Description

List of Tables

The South America automated guided vehicle market was valued at US$ 54.45 million in 2022 and is expected to reach US$ 120.97 million by 2030; it is estimated to grow at a CAGR of 10.5% from 2022 to 2030.

Increasing Need for Well-Managed Operations in Warehouses, Distribution, and Manufacturing Facilities fuel the South America Automated Guided Vehicle Market

Employee safety is crucial in many industries, such as metals & heavy machinery, manufacturing, logistics & warehousing, and automotive, as workers are required to perform potentially perilous tasks and operate equipment in hazardous environments. Many industries still rely on people to perform risky manual tasks such as storing, loading, unloading, and moving goods. Automated guided vehicles (AGVs) guarantee increased worker safety and accidents can be avoided to a large extent. Companies are putting more effort into increasing workplace safety to reduce accidents and downtime, which can subsequently aid in improving productivity.

AGVs are designed to focus on safety and are equipped with lasers, cameras, and sensors that enable vehicles to operate safely with workers and with surrounding infrastructure. In May 2021, AUDI AG confirmed that it uses AGVs in its manufacturing centers as it helps plan the production process and identify which component is out of stock and which is available. It also helps carry items and supply trolleys while ensuring safety. However, a few vehicles, such as forklifts, depend on human inputs and do not provide safety features. Hence, there is always a concern that a worker can get distracted or tired, which could cause accidents. Thus, manufacturers are increasingly adopting automated guided vehicles in the facilities to avoid such issues. In addition, when personnel are replaced with AGVs, potential inaccurate workflow is reduced, resulting in increased productive and accurate output. The integration of AGV allows a continuous flow of operation with streamlined processes. Thus, the increasing need for well-managed operations in warehouses, distribution, and manufacturing facilities is propelling the South America automated guided vehicles (AGVs) market.

South America Automated Guided Vehicle Market Overview

The adoption of automated guided vehicles (AGVs) in South America is still in its early stages, but there were indications that it could grow in the coming years. South America's industries have been steadily embracing automation to improve efficiency, reduce operational costs, and enhance safety. AGVs play a crucial role in automating material handling and logistics processes, making them attractive options for companies seeking to modernize their operations. The rise of e-commerce and increased consumer demands have put pressure on businesses to optimize their warehousing and order fulfillment processes. AGVs can efficiently move goods within warehouses, leading to faster order processing and reducing the chances of human errors. As AGV technology continues to evolve, becoming more reliable and cost-effective, businesses in South America are more likely to consider its adoption. Improvements in sensors, software, and connectivity have made AGVs more suitable for a broader range of applications. In Brazil, a major South American economy, the adoption of AGVs has been gradually increasing in various sectors. For instance, large automobile manufacturers in Brazil have implemented AGVs in their production lines to optimize the movement of materials and components. AGVs are used to transport car parts from one assembly station to another, reducing cycle times and increasing overall production efficiency. Ports in Chile, Colombia, and Peru have started using AGVs to move shipping containers within their terminals. AGVs are well-suited for this task, as they can navigate through the complex environment of a port without human intervention, thereby reducing congestion and improving cargo handling speed. Therefore, the automated guided vehicle market is growing in the region.

South America Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)

South America Automated Guided Vehicle Market Segmentation

The South America automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the South America automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.

Based on vehicle type, the South America automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.

Based on end user, the South America automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.

Based on country, the South America automated guided vehicle market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America automated guided vehicle market share in 2022.

Bastian Solutions LLC; Daifuku Co Ltd; Dematic Corp; Hyster-Yale Group Inc; John Bean Technologies Corp; Jungheinrich AG; Kion Group AG; Konecranes Plc; Murata Machinery Ltd; and Toyota Material Handling Inc are some of the leading players operating in the South America automated guided vehicle market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America automated guided vehicle market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South America automated guided vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America automated guided vehicle market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00027769

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 South America Automated Guided Vehicles Market - By Technology
- 1.3.2 South America Automated Guided Vehicles Market - By Vehicle Type
- 1.3.3 South America Automated Guided Vehicles Market - By End User
- 1.3.4 South America Automated guided vehicles Market - By Country

2. South America Automated Guided Vehicles Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South America Automated Guided Vehicles - Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. South America Automated Guided Vehicles Market- Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Industrialization and Automation In Industries
- 5.1.2 Huge Growth in E-Commerce Sector
- 5.1.3 Increasing Need for Well-Managed Operations in Warehouses, Distribution, and Manufacturing Facilities
5.2 Market Restraints
- 5.2.1 High Upfront Costs
- 5.2.2 AGV Alternatives
5.3 Market Opportunities
- 5.3.1 Incorporation of Industry 4.0
- 5.3.2 Substantial Growth of Industries
5.4 Future Trends
- 5.4.1 Technological Advancements in AGVs
5.5 Impact analysis

6. Automated Guided Vehicles Market - South America Analysis

6.1 South America Automated Guided Vehicles Market Overview
6.2 South America Automated Guided Vehicles Market - Revenue and Forecast to 2030 (US$ Million)

7. South America Automated Guided Vehicles Market Analysis and Forecast to 2030 - Technology

7.1 Overview
7.2 Automated Guided Vehicles Market, by Technology, 2022 & 2030 (% Share)
7.3 Laser Target Navigation
- 7.3.1 Overview
- 7.3.2 Laser Target Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.4 Magnetic Navigation
- 7.4.1 Overview
- 7.4.2 Magnetic Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.5 Wired Navigation
- 7.5.1 Overview
- 7.5.2 Wired Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.6 Guide Tape Navigation
- 7.6.1 Overview
- 7.6.2 Guide Tape Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

8. South America Automated Guided Vehicles Market Analysis and Forecast to 2030 - Vehicle Type

8.1 Overview
8.2 Automated Guided Vehicles Market, by Vehicle Type, 2022 & 2030 (% Share)
8.3 Tow Vehicle
- 8.3.1 Overview
- 8.3.2 Tow Vehicle: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.4 Pallet Trucks
- 8.4.1 Overview
- 8.4.2 Pallet Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.5 Tugger Trains
- 8.5.1 Overview
- 8.5.2 Tugger Trains: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.6 Forklift Trucks
- 8.6.1 Overview
- 8.6.2 Forklift Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

9. South America Automated Guided Vehicles Market Analysis and Forecast to 2030 - End User

9.1 Overview
9.2 Automated Guided Vehicles Market, by End User, 2022 & 2030 (% Share)
9.3 Logistics
- 9.3.1 Overview
- 9.3.2 Logistics: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.4 Automotive
- 9.4.1 Overview
- 9.4.2 Automotive: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.5 General Manufacturing
- 9.5.1 Overview
- 9.5.2 General Manufacturing: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.7 Retail
- 9.7.1 Overview
- 9.7.2 Retail: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.8 Food and Beverage
- 9.8.1 Overview
- 9.8.2 Food and Beverage: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.9 Aerospace
- 9.9.1 Overview
- 9.9.2 Aerospace: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

10. South America Automated Guided Vehicles Market Revenue and Forecast to 2030 - Country Analysis

10.1 South America Automated Guided Vehicles (AGV) Market
- 10.1.1 Overview
- 10.1.2 South America Automated Guided Vehicles (AGV) Market, by Country
  - 10.1.2.1 Brazil
  - 10.1.2.2 Brazil Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.2.1 Brazil Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.2 Brazil Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.3 Brazil Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.2.4 Brazil Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.3 Argentina
    - 10.1.2.3.1 Argentina Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.3.2 Argentina Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.3 Argentina Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.4 Argentina Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.3.5 Argentina Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.4 Rest of South America
  - 10.1.2.5 Rest of South America Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.5.1 Rest of South America Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.2 Rest of South America Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.3 Rest of South America Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.5.4 Rest of South America Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Dematic Corp
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Kion Group AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Jungheinrich AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Toyota Material Handling Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Konecranes Plc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 John Bean Technologies Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Daifuku Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Bastian Solutions LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Hyster-Yale Group Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Murata Machinery Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms