The Global Automated Guided Vehicles (AGV) Market Exhibits Impressive Growth Which Is Expected To Continue

Author : Acumen Research and Consulting

Automated Guided Vehicles have various advantages attached to them. They enlarge the proficiency of warehousing tasks and operations and logistics management processes. Additionally the facilitate tedious material handling of errands, consequently enabling enterprises to save money on work costs and reassign staff on other fundamental assignments. These vehicles can play a major role in enhancing productivity and minimizing harm to items. Furthermore, they can be customized utilizing programming devices to pursue explicit ways and attempt explicit assignments and in addition track development of products in material dealing with and supply chain operations.

The global Automated Guided Vehicles (AGV) market is segmented into type, navigation, end-user, application, and region. Based on the type segmentation of the global Automated Guided Vehicles (AGV) market, the market can further be divided into tow vehicle, unit load carrier, pallet truck, forklift truck, hybrid vehicles, and others. The global Automated Guided Vehicles (AGV) market is classified into laser guidance, magnetic guidance, vision guidance, inductive guidance, natural navigation, and others on the basis of navigation. Application based segmentation of the global Automated Guided Vehicles (AGV)market is categorized by logistics and warehousing, assembly, packaging, trailer loading and unloading, raw material handling, and others. Logistics and Warehousing is bifurcated into transportation, distribution, cold storage, wholesale & distribution, and cross-docking. On the basis of end-user, the global Automated Guided Vehicles (AGV) market is bifurcated into manufacturing sector and wholesale and distribution sector. Manufacturing sector is further bifurcated into Automotive, Aerospace, Electronics, Chemical, Pharmaceuticals, Plastics, Defense, FMCG, Tissue, and Others. Wholesale and distribution sector is also further segmented into E-commerce, Retail Chains/Conveyance Stores, Grocery Stores, and Hotels and Restaurants. On the basis of region the global Automated Guided Vehicles (AGV) market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

It is important to note that though the introductory expenses can be high causing concern to those planning about sending of AGVs, in the long term these initial high costs can give great returns (ROI).

It is expected that the global Automated Guided Vehicles (AGV) market size is estimated to reach roughly USD 7.4 billion by 2026, growing with a CAGR of 16.7% in the coming time.

Here are some more points to explain about the global automated guided vehicles market:

  • In 2018, the Europe region dominated the global market and is likely to continue dominating the market in the forecast period.
  • The e- commerce business industry has been showing exceptional results especially in China, India and other emerging economies.
  • Fe of the major businesses in the global automated guided vehicles market include Transbotics, Swisslog Holding Ltd.,System Logistics Spa,Egemin Automation Inc.,Schaefer Systems International, Inc.,Bastian Solutions, Inc.,Locus Robotics,Daifuku Co. and Ltd.,inVia Robotics.

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