The Automated Guided Vehicle Global Market Report 2023, provides comprehensive information on the automated guided vehicle market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The Global Automated Guided Vehicle market, as detailed in The Business Research Company’s Global Market Report for 2023, is on the cusp of substantial growth. Anticipated to surge from $4.09 billion in 2022 to $4.64 billion in 2023, it demonstrates a compound annual growth rate (CAGR) of 13.3%. However, the Russia-Ukraine conflict has disrupted global economic recovery in the short term, manifesting as economic sanctions, increased commodity costs, and supply chain interruptions that have propagated inflation across goods and services, impacting diverse global markets. Nevertheless, the automated guided vehicle market is forecasted to expand to $7.28 billion by 2027, exhibiting a CAGR of 11.9%. This trajectory underscores the resilience and adaptability of industries in a dynamic geopolitical and economic landscape.
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Technological advancement is a key trend gaining popularity in the automated guiding vehicles market. Major players are concentrating on creating innovative technologies such as the Internet of Things (IoT)-based vehicle to sustain their position in the automated guided vehicle market. IoT is about trying things together over the internet to build a network of related physical items. The aim of smart physical objects is allowing them to communicate (send/receive) data independently. For instance, in January 2020, ECA group, a France-based defense and space manufacturing company, launched Indoor/outdoor AGVs. It can simplify logistics, optimize production, and reduce expenses. ECA GROUP’s automated guided industrial vehicles are based on SLAM (Simultaneous Localization And Mapping) technology, which allows the machine to recognise its environment and modify its navigation/behavior to a particular situation while meeting the strictest safety standards.
The automated guided vehicle market is segmented:
1) By Type: Two vehicles, Unit load carriers, Pallet trucks, Assembly line vehicles, Forklift trucks
2) By Navigation Technology: Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Natural Navigation
3) By Application: Transportation, Distribution, Storage, Assembly, Packaging, Waste handling
4) By Industry: Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Logistics, Retail
Asia-Pacific was the largest region in the automated guided vehicle market in 2022.
Top 5 Major Key Players Are:
Balyo
Daifuku Co Ltd
E&K Automation GmbH
JBT Corporation
Kuka AG
Table Of Contents
1. Executive Summary
2. Automated Guided Vehicle Market Characteristics
3. Automated Guided Vehicle Market Trends And Strategies
4. Automated Guided Vehicle Market – Macro Economic Scenario
5. Automated Guided Vehicle Market Size And Growth
…….
26. Africa Automated Guided Vehicle Market
27. Automated Guided Vehicle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Guided Vehicle Market
29. Automated Guided Vehicle Market Future Outlook and Potential Analysis
30. Appendix
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