Automated Guided Vehicle (AGV) Market Overviews
Automated Guided Vehicle (AGV) Market was valued nearly US$ 2.27 Bn. in 2023 and is estimated to grow at a CAGR of 8.78% and is expected to reach at US$ 4.09 Bn. by 2029.
A mobile robot that navigates using a variety of navigation technologies such as long lines or cables on the floor, radio waves, magnets, vision cameras, or lasers is known as an Automated Guided Vehicle (AGV).
The manufacturing and distribution industries benefit from AGVs in a variety of ways, including cheaper operational costs, increased worker safety, and faster production times. To stay ahead of their competitors, the top players are progressively tapping into developing end-user demands for technologically advanced products. To that goal, they’re spending a lot of money on research and development (R&D) and are always looking for new ways to improve their products. A rising number of players are anticipated to benefit from constructing custom-built AGV’s in order to obtain a competitive advantage and drives Automated Guided Vehicle (AGV) Market.
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Automated Guided Vehicle (AGV) Market Scope and Methodology:
By navigation technology, laser guidance segment of automated guided vehicle (AGV) market was valued US$ XX Bn. in 2020 and is expected to reach at US$ XX Bn. by 2027 at a CAGR of 10.23% over forecast period. The laser target system, which navigates cars using a laser positioning system, is a more accurate, quick, and dependable technology. Generally, the technology has been employed in supply chain management to improve warehouse efficiency. Laser target navigation is utilised in automatic forklift trucks, warehouse management, stocking applications, and Tow Tractors AGVs, among other verticals.
Automated Guided Vehicle (AGV) Market Regional Insights
The qualitative and quantitative data provided in the Automated Guided Vehicle (AGV) Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Automated Guided Vehicle (AGV) Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the AGV Market.
Automated Guided Vehicle (AGV)Market Segmentation
By navigation technology, laser guidance segment of automated guided vehicle (AGV) market was valued US$ XX Bn. in 2020 and is expected to reach at US$ XX Bn. by 2027 at a CAGR of 10.23% over forecast period. The laser target system, which navigates cars using a laser positioning system, is a more accurate, quick, and dependable technology. Generally, the technology has been employed in supply chain management to improve warehouse efficiency. Laser target navigation is utilised in automatic forklift trucks, warehouse management, stocking applications, and Tow Tractors AGVs, among other verticals.
Automated Guided Vehicle (AGV) Market Key Players
Bastian Solutions, Inc.
Daifuku Co., Ltd.
Dematic
JBT
Seegrid Corporation
TOYOTA INDUSTRIES CORPORATION
Hyster-Yale Materials Handling, Inc.
BALYO
E&K Automation GmbH
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Key questions answered in the Automated Guided Vehicle (AGV) Market are:
- What is Automated Guided Vehicle (AGV) ?
- What was the Automated Guided Vehicle (AGV) market size in 2023?
- What is the growth rate of the Automated Guided Vehicle (AGV) Market?
- Which are the factors expected to drive the Automated Guided Vehicle (AGV) market growth?
- What are the different segments of the Automated Guided Vehicle (AGV) Market?
- What growth strategies are the players considering to increase their presence in Automated Guided Vehicle (AGV) ?
- What are the upcoming industry applications and trends for the Automated Guided Vehicle (AGV) Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Guided Vehicle (AGV) Market?
- Who are the leading companies and what are their portfolios in Automated Guided Vehicle (AGV) Market?
- What segments are covered in the Automated Guided Vehicle (AGV) Market?
- Who are the key players in the Automated Guided Vehicle (AGV) market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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