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Posted on Jun 21 2022 8:42 AM
'Automated Guided Vehicle (AGV) Market Size, Share & COVID-19 Impact Analysis, By Type (Tow Vehicles, Automated Forklift Trucks, Underride/Tunnelling Vehicles, Assembly Line Vehicles & Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, Packaging), By Industry (Automotive, Food & Beverage, E-Commerce and Others), and Regional Forecast, 2021-2028
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Automated Guided Vehicle Market Research Reports, recently published a detailed market research study focused on the“Automated Guided Vehicle Market” across the global, regional and country level. The report provides 360° analyses of“Automated Guided Vehicle Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the industry, and estimates the future trend of Gyrocopters on the basis of this detailed study. The study shares the performance in terms of volume and revenue.
The report is titled 'Automated Guided Vehicle (AGV) Market Size, Share & COVID-19 Impact Analysis, By Type (Tow Vehicles, Automated Forklift Trucks, Underride/Tunnelling Vehicles, Assembly Line Vehicles & Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, Packaging), By Industry (Automotive, Food & Beverage, E-Commerce and Others), and Regional Forecast, 2021-2028'. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The market is projected to grow from USD 2.00 billion in 2021 to USD 3.72 billion in 2028 at a CAGR of 9.3% in the 2021-2028 period.
The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Automated Guided Vehicle Market share, types, applications, growth factor, key players and regions.
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List of Top Key Manufacturers for Automated Guided Vehicle Market :
- Oceaneering International Inc. (United States)
- Toyota Advanced Logistics (Japan)
- Daifuku Co., Ltd. (Japan)
- KION GROUP AG (Germany)
- Hyster-Yale Materials Handling, Inc., (United States)
- JBT (United States)
- Mitsubishi Caterpillar Forklift America Inc. (United States)
- Crown Equipment Corporation (United States)
- Seegrid Corporation (United States)
- E&K Automation GmbH (Germany)
- HIT Robot Group (China)
- Kollmorgen (United States)
- AGVE Group (United States)
- ELETTRIC80 S.P.A. (Italy)
- SI Systems, LLC. (United States)
- Scott (Switzerland)
- Heartland Automation LLC (United States)
- REDVIKING (United States)
- Swisslog Holding AG (Switzerland)
DRIVING FACTORS
Rising E-commerce Sector to Propel Market Growth
The COVID-19 pandemic has led to the advent of digitization as a number of businesses are preferring the digital route to ensure continuity of their businesses. As the lockdown restrictions imposed by the government agencies worldwide, limit the mobility of humans, the online medium has gained traction. Number of people are preferring the online to purchase goods and commodities. For instance, in April 2020, Walmart's grocery app recorded high downloads, while surpassing Amazon by 20%. Therefore, this has led to the rise of several e-commerce platforms that are focusing on ensuring optimal operational activities at their warehouses by adopting automation. This is expected to contribute to the global automated guided vehicle market growth during the forecast period.
Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automated Guided Vehicle Market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Automated Guided Vehicle Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Market Segmentation:
- Market Sizing Estimations and Forecasts – By Type (Value)
- Tow Vehicles
- Automated Forklift Trucks
- Underride/ Tunneling Vehicles
- Assembly Line Vehicles
- Others (Unit Load Carriers, etc.)
- Market Sizing Estimations and Forecasts – By Navigation Technology (Value)
- Laser Guided
- Magnetic Guided
- Vision Guided
- Others (Wire Guided, etc.)
- Market Sizing Estimations and Forecasts – By Application (Value)
- Transportation & Distribution
- Storage & Assembly
- Packaging
- Market Sizing Estimations and Forecasts – By Industry (Value)
- Automotive
- Food & Beverage
- E-commerce
- Others (Healthcare, etc.)
- Market Analysis, Insights and Forecast – By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
The Automated Guided Vehicle Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.
Research Methodology
The report offers a detailed evaluation of chemicals and their demand by highlighting information on several aspects which include drivers, trends, opportunities, and challenges. In addition to this, it sheds light on industry developments by key players, helping the industry to expand. Information given in the article consists of technological advancements to analyze the industry meticulously and offer a better understanding to its readers. These advancements will help companies to stay abreast in terms of competition.
Companies are planning to adopt several strategies to stay ahead of others. These strategies include: mergers and acquisitions, partnerships, collaborations, new product developments among others. The information gathered through primary and secondary sources, comprises of interviews from several industry experts and professionals. Secondary sources such as press releases, information from recognized institutes, and other collaterals are used to analyze the industry. Further, top-down and bottom-up approaches are used to provide a 360-degree view.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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