Automated Guided Vehicle Market Research - Industry Analysis, Size(Value, Volume), Share, Growth, Trends Forecast 2016 - 2024
Global
Automated Guided Vehicle Market: Overview
Automated
guided vehicles are driverless, self-operated computer controlled
vehicles which are fitted with guidance and collision avoidance
system and can move materials from one place to another, without the
need for any human intervention. Reliability, durability and ease in
operation of the vehicles are the chief factors on which the quality
of these vehicles depends. Automated guided vehicles help to safely
transport all kinds of products without any human intervention within
distribution, logistics, production and warehouse environments, along
with reducing operational costs and increasing profitability and
efficiency. AGVs are capable of lifting, shifting and rotating goods,
transporting products across vast distances, storing products in deep
lanes and delivering these onto the conveyors.
Global
Automated Guided Vehicle Market: Drivers
Increasing
demand for AGVs in material handling and increasing need for accuracy
and high productivity is driving the growth of the global automated
guided vehicle market. The automated guided vehicles combined with
radio frequency technology work in line with the Warehouse Control
System and the Warehouse Management System to improve accuracy and
efficiency since AGVs have little downtime and operate at a fixed
rate to meet a predictable metric for operational activity. Further,
replacement of conventional batteries with lithium ion batteries is
positively influencing the growth of the global market. Thus, the
conjoint effect of all these drivers is anticipated to steadily
bolster the growth of the global automated guided vehicle market in
the coming years.
The
e-commerce companies are considering automated guided vehicles as one
of their key components in their growth and expansion as these AGVs
help to reduce their order processing time. The growing e-commerce
industry is thus expected to serve as a prospective area where AGV
manufacturers can expand their business. Also when it comes to
retail, e-commerce is the fastest growing channel. Therefore, growth
of e-commerce and use of AGVs by them is set to create further growth
opportunities in the global AGV market. In addition, rapid
industrialization and increasing adoption of innovative and better
technologies coupled with the emergence of new players in the
developing regions of Asia Pacific, Middle East and Africa and Latin
America is expected to offer lucrative opportunities for the growth
of the global automated guided vehicle market.
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Global
Automated Guided Vehicle Market: Opportunities
This
report on the global automated guided vehicle market highlights the
current scenario of the market along with stating the expected growth
of the global market during the forecast period. Various political,
social, economic and technological factors which are likely to impact
the demand of automated guided vehicle have been analyzed to include
an exhaustive study of the global market drivers, restraints and
opportunities, i.e. the market dynamics under the purview of the
report. Further, the key players operating the automated guided
vehicle market have been profile thoroughly and competitively across
the five geographic regions and their competitive landscape is
inclusive of their recent developments related to automated guided
vehicles and the distinguishable business strategies adopted by them.
To further analyze their market positioning, SWOT analysis has been
provided for each of the players. In addition, the report includes
the market attractiveness analysis of the segmentation, end-use
industry for offering a deep insight into the major application area
of the automated guided vehicles. Thus, the global automated guided
vehicle market report provides an extensive study of the market along
with offering the forecast of the market in terms of revenue (USD
Million) from the period of 2016 – 2024.
Key
Players Mentioned in this Report are:
Some
of the major players in the automated guided vehicle market are:
Toyota Industries Corporation (Japan), Egemin Automation Inc. (U.S.),
Bastian Solutions LLC (U.S.), Hyster-Yale Materials Handling Inc.
(U.S.), Swisslog Holding AG (Switzerland), Dematic GmbH & Co. KG
(U.S.), JBT Corporation (U.S.), E&K Automation GMBH (Germany),
Oceaneering AGV Systems (Netherlands) and Seegrid Corporation (U.S.)
among others.
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The
global automated guided vehicle market has been segmented into:
Automated
Guided Vehicle Market, by Type
Forklift
AGVs
Load
Transfer AGVs
Pallet
Trucks
Assembly
Line Vehicles
Light
Load Transporters
Tugger
AGVs
Others
Automated
Guided Vehicle Market, by End-Use Industry
Distribution
& Logistics
Automotive
Aerospace
Healthcare
Retail
Manufacturing
Food
& Beverage
Others
Automated
Guided Vehicle Market, by Geography: The market is broadly segmented
on the basis of geography into:
North
America
Europe
Asia
Pacific
Middle
East and Africa
South
America
Table
of Content
Chapter
1 Preface
1.1
Report Scope and Market Segmentation
1.2
Research Highlights
Chapter
2 Assumptions and Research Methodology
2.1
Assumptions and Acronyms Used
2.2
Research Methodology
Chapter
3 Executive Summary
3.1
Market Opportunity Map
Chapter
4 Global Automated Guided Vehicle Market: Market Overview
4.1
Introduction
4.2
Automated Guided Vehicle Market Overview
4.3
Key Trends Analysis
4.4
Market Dynamics: Drivers and Restraints Snapshot Analysis
4.4.1
Drivers
4.3.1.1
Increasing Demand for AGVs in Material Handling
4.3.1.2
Increased Need for Accuracy and Productivity
4.3.1.3
Replacement of Conventional Batteries with Lithium Ion Batteries
4.4.2
Restraints
4.4.2.1
Long Time to Market
4.4.2.2
High Initial Investment and Low Flexibility
4.4.3
Market Opportunities
4.5
Global Automated Guided Vehicles Market Analysis and Forecasts, 2015
– 2024
4.6
Market Attractiveness Analysis
4.7
Automated Guided Vehicle Market: Competitive Landscape
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