Automated Guided Vehicle Systems Market Dynamics, Growth Prospect and Consumption Analysis till 2023

Posted on 2020-06-04 by researchinsights in Automotive // 0 Comments

04th June 2020 – The global Automated Guided Vehicle Systems Market is estimated to grow considerably in the forecast period due to increasing need for efficient warehousing operations and enhanced logistics management processes. Automated guided vehicle systems are the portable robots used in industries. They significantly increase the overall logistics efficiency by decreasing the risk of damage and reducing overhead by restricting the number of employees for a job. AGVs are commonly seen in industries for transporting heavy materials within a large building, like a warehouse or factory. Adoption of AGVs in industries reduce labor costs, increase accuracy and overall productivity, increase workers safety, and help in expanding operations. These are the driverless computer-controlled wheel-based carriers running on battery without the need for an operator or driver.

The major drivers of the automated guided vehicle systems market can be listed as growing e-commerce industry on the global scale, increasing need for ensuring workers safety, need for higher productivity due to improved supply chain processes, high demand for automation for material handling in industries, and high industrial growth in developing economies. Furthermore, growing number of online shopping portals and improvements in automation solutions is also propelling the market growth. However, significant installation and maintenance cost is hampering the automated guided vehicle systems market.

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Increasing adoption of industrial automation, named as 4.0 with IoT is an emerging trend in the market. Moreover, the rise in adoption of AGVs by small and medium enterprises is another trend witnessed in the market. Nevertheless, real-time technical obstacles and reduced labor cost in the developing economies are a few challenges in the market.

Leading Players Analysis covered in these report

Daifuku
Murata Machinery
KUKA
Grenzebach
System Logistics
Emegin

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Magnetic Guided
Laser Guided
Other

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Automated Guided Vehicle Systems in these regions, from 2012 to 2023 (forecast), covering

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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