Market overview of Automated Guided Vehicle
The market of Automated Guided Vehicle Market Size is expected to cross USD 4.31 billion by 2030 at a CAGR of 9.85% during the forecast period ending in 2030. The material handling with the help of different industries will increase the demand of automated vehicles. The market growth is the result of the improvement in the business situation and mass production demand. This vehicle is important in many sectors because it has great amount of workplace safety standards.
The industries where transportation is primary, the use of such guided vehicles is prominent. The program of automatic handling machines helps in moving the pallets, car tend even trays. The industries prefer these vehicles because it increases safety, profit and efficiency that will offer the best profit. Many industries are looking for efficiency and not on the profit margin. It is a result of the market growth where there is increase in productivity and even safe handling service. Due to lack of safety many people suffer a lot and even lost lives hence it is a major concern in the industry. Using these automated vehicles reduce the labour cost and even there is decrease of manual labour and enhance the production of the vehicles in the long run.
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Analysis of Covid-19
The pandemic outbreak is a huge loss for the industries and they incur many losses. From automotive to food industries get serious affect due to the pandemic. The market of automated vehicle was a rise before pandemic but after lockdown the demand was low and even after slowly the market uprising the demand downfall is still there.
Chief factors of market
The efficiency level is different in different industries like healthcare, education and food. Different industries will have the demand of automation vehicles so it can reduce the human error and makes things work for the better good. It will overall boost the market and hence the demand will rise keeping aside all the challenges including the coved-19.
Key Players
- Seegrid Corporation (US)
- KUKA AG (Germany)
- Hyster-Yale Materials Handling Inc. (the US)
- Jungheinrich AG (Germany)
- Daifuku Co. Ltd (Japan)
- Toyota Industries Corporation (Japan)
- SSI SCHÄFER (US)
- E&K Automation GmbH (Germany)
- Crown Equipment Corporation (US)
- JBT Corporation (US)
- KION GROUP AG (Germany)
- SCOTT (New Zealand)
- Meidensha Corporation (Japan)
Market segment
The automated guided vehicle market has a perfect segment as per vehicle, technology, industry, application.
Vehicle
- TOW vehicle
- Assembly line vehicles
- Unit load carrier
- Pallet trucks
- Forklift vehicle
- Assembly line vehicles
Technology
- laser guidance
- Traditional guidance
- Inductive guidance
- Vision guided vehicle
- Natural features guidance
Industry
- Food and beverage
- Automotive
- Pharmaceutical
- Electrical
- Logistics and distributions
- Plastics and polymers
Application
- Roll handling
- Transportation
- Distribution
- Assembly
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Regional Classification
In many regions like North America, Europe, Asia Pacific, the use of growing automation guide material and the domestic space will help in the continuous and industrial growth in the robotics and even the automation in specifically European region. The European market witness the high demand of retail and electronics products. Even the Asia Pacific region is growing rapidly for the eCommerce opportunity that makes it work for the better good.
Report overview
Alster set the AGVs at the airport of Renne Bretagne in the section of baggage to handle the automated guided vehicle test. It focuses on the opportunities, drivers, restraints, competitive landscape for a perfect market growth in the industries.
1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 List Of Assumptions 18
2.4 Market Structure 18
2.5 Market Attractiveness Analysis 19
2.6 Global Automated Guided Vehicle (AGV) Market, By Vehicle Type 19
2.7 Global Automated Guided Vehicle (AGV) Market, By Technology 20
2.8 Global Automated Guided Vehicle (AGV) Market, By Application 21
2.9 Global Automated Guided Vehicle (AGV) Market, By Industry 22
2.10 Key Buying Criteria 22
3 Research Methodology
3.1 Research Process 23
3.2 Primary Research 24
3.3 Secondary Research 25
3.4 Market Size Estimation 26
3.5 Forecast Model 26
4 Market Insights
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