The Automated Guided Vehicles (AGV) Market was valued at US$ 3,310.8 million in 2020 and is projected to reach US$ 9,077.3 million by 2028; it expected to grow at a CAGR of 14.59% during 2021–2028. The increasing e-commerce business across the world is resulting in the adoption of the automated material handling process. E-commerce companies such as Walmart, Amazon, Alibaba, and Flipkart are increasing their focus on automated material handling to reduce operational costs and increase inventory size.
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The latest research report on the “Automated Guided Vehicles (AGV) Market – Industry Analysis, Market Size, Opportunities and Forecast, 2021 – 2028” provides a comprehensive assessment of the Automated Guided Vehicles (AGV) market for the forecast period from 2021 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automated Guided Vehicles (AGV) market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automated Guided Vehicles (AGV) Market in order to help decision makers with various strategic insights and future outlook. The Automated Guided Vehicles (AGV) market is expected to witness continued growth during the forecast period from 2021 to 2028.
Major Players in the market are:
- Balyo SA
- Bastian Solutions, Inc.
- Daifuku Co., Ltd.
- Dematic Group
- Hyster-Yale Group, Inc.
- SSI SCHAEFER Group
- Konecranes Oyj
- Kuka AG
- Lodamaster Group
Market Segmentation: Automated Guided Vehicles (AGV) Market can be segmentated as follows.
- Wired Navigation
- Guide Tape Navigation
- Laser Target Navigation
- Magnetic Navigation
by Vehicle Type
- Pallet Trucks
- Unit Load Carriers
- Driverless Trains
- Forklift Trucks
by End User
- General Manufacturing
- Food & Beverage
The report focuses on global major leading Automated Guided Vehicles (AGV) Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
Automated Guided Vehicles (AGV) Market Insights
Growing Demand for Automation in Material Handling Across Industries
The adoption of automated guided vehicle (AGVs) has increased drastically as they are effective and reliable solutions for material handling, which, in turn, increases the production capacity of the industry. These material handling solutions reduce physical damages to goods and boost the efficiency of operations. The overall need for high efficiency in the automotive, healthcare, e-commerce, and food & beverage industries propels the demand for automated material handling. It has enabled the industries to have connected factories with big data and machine learning (ML), resulting in increased automation in the industries. The AGV-enabled automation in industrial facilities can help meet the requirements related to material handling capacity and reduced production time. Moreover, this automation facilitates improved labor management, enhanced safety, high production volumes, and increased accuracy and repeatability by enhancing quality control with flexible manufacturing processes.
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