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Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Forklift Truck, Pallet Truck, Assembly Line Vehicle), Navigation Technology, Battery Type, Industry, Application, & Region - Global Forecast to 2022

Automated Guided Vehicle Market: Global Forecast until 2022

  • April 2017
  • 183 pages
  • ID: 2912482
In this report:
The global automated guided vehicle market registered a shipment of ##.## thousand units in 2016 and is expected to reach ##.## thousand units by 2022, at a CAGR of ##.##% between 2017 and 2022.
The market for assembly line vehicle AGVs is expected to grow at the highest CAGR of ##.##% between 2014 and 2022 owing to demand in automotive and food & beverages industries as these vehicles are capable of swift delivery of subassemblies having light loads to the assembly line.

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"Automated guided vehicle market to grow at a CAGR (Compound annual growth rate) of ~9.3 percent"

The automated guided vehicle market is forecasted to reach ~$2.7B by 2022, increasing at a compound annual growth rate (CAGR) of ~9.3 percent between 2017 and 2022. The advancements in automation, emphasis on workplace safety, and increasing efforts to minimize operational cost and enhance global performance are the main factors driving the increase of the automated guided vehicle market.

"The automated guided vehicle market for the aerospace sector is anticipated to rise at the maximal rate during the outlook period"

Automated guided vehicles are gaining popularity in the aerospace market as they facilitate the manufacturing and assembly of the aircraft. AGVs are used for storing parts of aircraft, for picking and handling components during the assembly of aircraft, and for organizing aircraft parts efficiently for quick and reliable access. Furthermore, AGV affords flexibility and can handle small to big components effectively from the assembly to the transportation operation. Therefore, the sector for automated guided vehicles in the aerospace sector is projected to show a high increase rate during the estimate period.

"Tow vehicle is forecasted to dominate the automated guided vehicle market between 2017 and 2022"

Tow AGVs are the most productive type of AGV and are used for towing and tugging because of their ability to move more loads with multiple trailers compared to the single fork trucks. This type of AGV maintains the largest part of market share among others, and the trend is anticipated to continue during the outlook period.

"EU is forecasted to hold the biggest market share during the estimate period"

Europe (EU) held the biggest share of the global automated guided vehicle market in 2016 and sectors including automotive and manufacturing are driving the rise of the said market in this area. Also, the market increase is mainly attributed to the increasing need for intelligent, simple, and flexible material handling automation systems across markets. On the other hand, the industry in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The growing production facilities and expansion of plants have enhanced the sector for automated guided vehicles across territories in the Asia-Pacific regions.

In the process of finding out and checking the market value for various segments and subsegments of the automated guided vehicle market, extensive secondary research and primary Q&A with main people have been conducted.

The break-up of the profiles of primary members taking part is shown below:

• By Company category: Tier 1 - 25.0 percent, Tier 2 - 40.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 72.0 percent, D-level - 28.0 percent

• By Area: North America (NA) - 32.0 percent, EU - 30.0 percent, Asia-Pac - 24.0 percent, RoW - 14.0 percent

The geographical segmentation in the analysis includes four main regions: North America continent, Europe (EU), Asia Pacific (APAC), and RoW. The report also profiles main actors in the automated guided vehicle market. Some of the main players in this sector are Daifuku Co., Limited, JBT Corporation, KION Group, KUKA (ETR:KU2), Toyota Industrial Corporation, Hyster-Yale Materials Handling, Incorporated, Kollmorgen, E&K Automation GmbH, Seegrid Corporation, and SSI Schaefer AG.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research highlights on several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which comprise and discuss the basic overviews on the competitive landscape; coming out and high-growth segments of the automated guided vehicle market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on products provided by the top actors of the overall automated guided vehicle market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the automated guided vehicle market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for automated guided vehicle across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall automated guided vehicle market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall automated guided vehicle market

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