Automated Guided Vehicle (AGV) Market Analysis, Size, Growth rate and Forecasts to 2027

Posted August 31, 2020 by vijaykurane

Increasing demand for automation in the handling of raw materials and increasing safety standards in workplace are the significant drivers of the market.

Industry Overview of the Automated Guided Vehicle (AGV) Market

The Global Automated Guided Vehicle (AGV) Market is witnessing a remarkable growth owing to an increase in the demands for the products and a tremendous shift in consumer preferences. The high demand is concentrated in the European and North American countries. The report on Global Automated Guided Vehicle (AGV) Market offers a comprehensive analysis of the recent advancements in the Automated Guided Vehicle (AGV) industry and trends driving the growth of the market. The industry is expected to grow at a rate of XX% CAGR during the forecast period from 2020-2027. The report offers the segmentation of the market on the basis of types, applications, and regions. The report is updated with the latest trends and economic scenario owing to the COVID-19 pandemic. The impact analysis of the pandemic is described in the report. A comprehensive analysis of the present and future impact of COVID-19 on the market, along with a post-COVID-19 scenario, is included in the report.

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On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.

The market is further segmented on the basis of types:

Unit Load Carriers
Assembly Line Vehicles
Forklift Trucks
Tow Vehicles
Pallet Trucks
Others (Automated Carts, Hybrid AGVs, and Customized AGVs)

On the basis of application:

Others (Waste Handling and Work-in-Process Activities)

Some of the key players operating in the Automated Guided Vehicle (AGV) market include:

SSI Schaefer (Germany), EK Automation (Germany), JBT Corporation (US), Toyota Industrial (Japan), Daifuku (Japan), Hyster-Yale Materials Handling (US), KUKA (Germany), KION Group (Germany), Kollmorgen (US), Seegrid Corporation (US), and others.

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Beneficial Aspects of the Report:

Global and region forecast of the Automated Guided Vehicle (AGV) market from 2020-2027
In-depth analysis of market dynamics, industry outlook, market size based on types and applications
Details of value chain analysis, supply and demand ratio, production and consumption patterns
SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
Detailed insights on competitive landscape and emerging market trends

Research Methodology:

The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.

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Tags Automated Guided Vehicle (AGV) Market
Last Updated August 31, 2020