San Francisco, 9 January 2019: The Report Automated Guided Vehicles (AGV) Market Analysis Report By Type (Tow Vehicle, Unit
Load Carrier), By Navigation Technology, By Application (Logistics &
Warehousing), By End-use Industry, And Segment Forecasts, 2018 - 2025
The global automated guided vehicles (AGV) market size is expected to reach USD 7.3 billion by 2025,
according to a new report by Grand View Research, Inc., registering a 16.5%
CAGR over the forecast period. AGVs are transforming the way materials can be
moved within manufacturing and distribution facilities. In a production
environment where several operations are carried out simultaneously, these
vehicles can ensure predictable and reliable transfer of raw materials as well
as manufactured products from one point to another within the facility, thereby
eliminating any potential disruption in production. These vehicles can operate
safely around structures, machinery, and employees, as they are equipped with
accessories such as camera vision and LiDAR sensors. These can help in
detecting junctions, identifying floor signs, and avoiding collisions with
obstacles.
Manufacturing plants and warehouses are
increasingly deploying material handling equipment for various activities, such
as locating stock, picking orders, and moving products and raw materials.
Transportation and logistics firms are particularly under pressure to boost the
efficiency of their operations in line with growing demand for their services.
They are hence heavily investing in such equipment. Increasing demand for
material handling equipment is expected to boost the AGV market over the
forecast period.
The market is witnessing a progressive
switch from lead-acid batteries to lithium-ion batteries. Lithium-ion batteries
offer several advantages over lead-acid variants. They tend to be lighter and
compact. Moreover, they can charge faster, offer longer runtimes, and support
more charge cycles. Hence, they are considered to be ideal for AGVs, as they
need not be charged frequently during operating shifts or in 24x7 operating
environments. AGVs running on lithium-ion batteries can also offer higher
round-trip efficiencies.
Access Research Report
of Automated Guided Vehicles Market @ www.grandviewresearch.com/industry-analysis/automated-guided-vehicle-agv-market
Further key findings from the report suggest:
· Adoption of material handling equipment and
automation solutions is growing significantly across several industries
· Rising adoption of AGVs by the automotive
as well as automotive supply industry to move intermediate products within
facilities is expected to drive the AGVs market
· The manufacturing industry is increasingly
adopting AGVs in order to save on labor costs. While AGVs can operate on a 24x7
basis, costs associated with their procurement and maintenance tend to be
lesser than costs incurred on salaries and employee benefits
· The logistics and warehousing segment is
the largest user of AGVs and generated the highest revenue in 2017. It is
expected to retain its dominance over the forecast period
· Europe dominated the global AGVs market in
2017. Asia Pacific is projected to exhibit the highest CAGR of 17.6% from 2018
to 2025
· Key players in the market include Swisslog
Holding Ltd.; Egemin Automation Inc.; Bastian Solutions, Inc.; Daifuku Co.,
Ltd.; Dematic Corp.; JBT Corporation; Seegrid Corporation; Toyota Industries
Corporation; Hyster-Yale Group, Inc.; Balyo Inc.; EK Automation; Kollmorgen;
KMH Systems, Inc.; Elettric80 SpA; Fetch Robotics, Inc.; inVia Robotics, Inc.;
Locus Robotics; Schaefer Systems International, Inc.; System Logistics Spa; and
Transbotics.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global automated guided vehicles (AGV) market by type, navigation technology,
application, end-use industry, and region:
Automated Guided Vehicles Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Tow Vehicle
·
Unit Load Carrier
·
Pallet Truck
·
Forklift Truck
·
Hybrid Vehicles
·
Others
Automated Guided Vehicles Navigation
Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Laser Guidance
·
Magnetic Guidance
·
Vision Guidance
·
Inductive Guidance
·
Natural Navigation
·
Others
Automated Guided Vehicles Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Logistics and Warehousing
·
Assembly
·
Packaging
·
Trailer Loading and Unloading
·
Raw Material Handling
·
Others
Automated Guided Vehicles End-use
Industry Outlook (Revenue, USD Million, 2014 - 2025)
·
Manufacturing Sector
·
Wholesale and Distribution Sector
Automated Guided Vehicles Regional Outlook (Revenue,
USD Million,2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East and Africa (MEA)
Access Press Release of
Automated Guided Vehicles Market@ www.grandviewresearch.com/press-release/global-automated-guided-vehicle-agv-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
