Automated Guided Vehicle Growth Will Be Accelerated By Implementing Industry 4.0 In Warehouses

Published January 30, 2023

The market for automated guided vehicles was estimated to be worth USD 2.71 billion by 2021; it is predicted to rise by 10.0% annually to US$ 3.05 billion by 2022. From 2022 to 2032, growth is predicted to accelerate to a startling 12.5% CAGR, reaching US$ 9.9 billion.

The purpose of the global Automated Guided Vehicle market report is to provide reliable and useful industry data and statistics on domestic and international markets, enabling market leaders, investors, small businesses, and others in getting global market intelligence.

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How Deployment of Industry 4.0 in Warehouses to Boost the Automated Guided Vehicle Market Growth?

Conventional industrial facilities have transformed into smart, networked, and highly automated facilities as a result of the incorporation of Industry 4.0 concepts. Also, because Industry 4.0 is a single automated unit that combines computers, industrial automation systems, and robotics, it has the power to transform a production facility into a self-contained operation.

A smart architecture with the ability to make decentralised decisions is created by a network of connected devices. The emergence of Industry 4.0 is also changing how warehouses run, and it also aims to create a productive workplace where humans and robots can work together effectively.

Key Companies Profiled

  • Addverb Technologies
  • Aichi Machine Industry Co., Ltd.
  • China SME Group Co., Ltd
  • Egemin Automation Inc.
  • GreyOrange
  • JBT Corporation
  • Konecranes
  • Murata Machinery, Ltd.
  • Oceaneering International, Inc.
  • System Logistics S.p.A.

In addition, businesses involved in retail and other aspects of logistics are working together and partnering with tech giants to revolutionise the material handling sector, which will in turn open up lucrative chances for the market’s expansion. For instance, in November 2021, Swisslog Healthcare and OTSAW Digital Pte Ltd, an autonomous mobile robot solution, partnered to create automated guided vehicles for the healthcare industry. These vehicles will enable better patient care.

What are the key benefits of this Automated Guided Vehicle market research report?

  • The report does a CAGR computation and covering regulatory updates, best Automated Guided Vehicle market practices, and new trends in the market.
  • The report does international Automated Guided Vehicle market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
  • The report provides domestic as well as international planning in terms of business expansion and investments.
  • The report suggests strategies to the Automated Guided Vehicle market participants that to enable them expand in their business in existing or new international markets.
  • The report is the overall outlook of the global Automated Guided Vehicle market economy.
  • The report covers all the topics in the Automated Guided Vehicle market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.

The composition of the Automated Guided Vehicle report considers the client’s business expertise to identify actual development potential. A strategic model focused on growth is also built by analysts, and it comprises a complete analysis of the path to market, the capabilities that should be developed and utilised, and any potential pitfalls.

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 Recent years have seen an increase in the importance of Automated Guided Vehicle research, which use a number of data collection techniques and tries to learn about consumer preferences, geographical markets, and segmentation that may give an advantage over other organisations. The data and information obtained during the research are frequently vast and intricate.

These intricate industry insights are, however, streamlined for the market study’s end customers using tried-and-true methodologies and procedures. Estimates of CAGR values, market drivers, and market restrictions can be used to help businesses pick from a variety of options. A few phases or the combination of several procedures are used to begin the process of developing a market report after consulting a specialist.

Automated Guided Vehicle Market: Segmentation

  • By Vehicle Type :
    • Tow Vehicles
    • Unit Load Carriers
    • Pallet Trucks
    • Assembly Line Vehicles
    • Forklift Trucks
    • Other Types
  • By Navigation Technology :
    • Laser Guidance
    • Magnetic Guidance
    • Inductive Guidance
    • Optical Tape Guidance
    • Vision Guidance
    • Others
  • By Battery :
    • Lead Battery
    • Lithium-Ion Battery
    • Nickel-based Battery
    • Others
  • By Application :
    • Transportation
    • Storage
    • Distribution
    • Assembly
    • Packaging
    • Waste Handling
  • By End-User :
    • Automotive
    • Manufacturing
    • Food & Beverages
    • Aerospace
    • Healthcare
    • Logistics
    • Retail
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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The key business strategies discussed in this market research revolve around-

  • Which are the key business segments in the global Automated Guided Vehicle market?
  • What are the important elements used to study the business intelligence of the market?
  • What is the market value of the dominant firms operating in the Automated Guided Vehicle industry?
  • What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the Automated Guided Vehicle industry?
  • What are the entry barriers and expansion barriers globally in the Automated Guided Vehicle industry?
  • What are the trends in the market, growth possibilities, investment risks in the global Automated Guided Vehicle market?
  • What are the prospect opportunities and industry investment chances in the market?

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