Automated Guided Vehicles Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Automated Guided Vehicles Market Size- By Type, By Navigation Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2024 | Report ID: AMIN24191 | Pages: 1 - 231 | Formats*: |
| Category : Automotive & Transportation | |||
Automated Guided Vehicles Market Introduction and Overview
According to SPER Market Research, the Global Automated Guided Vehicles Market is estimated to reach USD 34.43 billion by 2033 with a CAGR of 16.86%.
The report includes an in-depth analysis of the Global Automated Guided Vehicles Market, including market size and trends, product mix, applications, and supplier analysis. Automated Guided vehicles help move and transport things underway offices, stockrooms, and distribution centres without an extremely durable vehicle framework or manual intercession. Follow configurable aide courses to upgrade warehousing, picking, and transport in the AGV climate because of a few benefits like decreased work costs, less item harm, higher efficiency, and versatility to help with computerization processes. These momentous advantages support transportation and strategies for organizations to utilize Automated Guided Vehicles to expand the productivity of their tasks. Automated Guided vehicle frameworks increment execution and diminish costs by supporting the mechanization of an assembling or distribution centre office.
- In June 2023; Dematic sent off its third-age freezer-rated automated guided vehicles highlighting progressed sensor and route innovations that outperform refreshed worldwide security norms. Planned and inherent in Australia, Dematic's whole scope of AGVs, including high-reach and offset models, are presently reasonable for cooler conditions.
- In April 2023; Germany, Oceaneering's Mobile Robotics group bunch presented new administrative programming for its independent versatile robots. This stage oversees planned operations by organizing robots and fringe gadgets, supporting blended armadas in a single area. As indicated by Patrick Bruijn, the product offers protected, dependable information for better independent direction and is appropriate for different applications, using cloud, IIoT, AI, and large information innovations for security and versatility.
Market Opportunities and Challenges
Opportunities- Regardless of the development of the industry, there is a critical interest in Internet business administrations in the warehousing and operations area. This creates an opportunity for the market to grow. Utilization of AGVs offers open doors for various areas of online business. AGVs have all the earmarks of being especially appropriate for taking care of high-volume orders, with few orders for an extensive variety of SKUs covering enormous stockroom regions. The development of web-based business has expanded the number of bundles dealt with and moved, requiring the advancement of proficient and powerful material taking care of arrangements. Furthermore, with the appearance of Industry 4.0, trend-setting innovations, for like, AI and the Internet of Things (IoT) are being coordinated, permitting AGVs to become more brilliant and more effective.
Challenges- Automated integration and solution are by and large picked in the profoundly modern offices to further develop effectiveness. Such mechanization in production lines eliminates the extra work and decreases additional expense bearing by the organizations. Low work wage rates in non-industrial nations like India, Bangladesh, and Tanzania keep away from the reception of computerized coordination through the ventures in these nations. In such rising economies, work supply is plentiful at a modest expense which sets out work open doors for a huge number of day-to-day wage labourers. Organizations get to save a gigantic measure of cash by selecting modest work labour force as opposed to putting intensely into mechanized robots and frameworks. Such difficulties can be challenging to manage in the rising economies by key heads of the Automated Guided Vehicle Market.
Market Competitive Landscape
The Global Automated Guided vehicles Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are AGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc and Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Navigation Technology, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | AGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc. |
COVID-19 Impact on Global Automated Guided Vehicles Market
The pandemic caused both fractional and complete lockdowns across the globe. Various businesses experienced efficiency holes that brought about huge misfortunes. Staff decreases subsequently additionally dialled back business. The utilization of mechanized directed vehicles has arisen as an answer for these issues in these unusually happening times. AGVs were embraced in the medical care area to manage the COVID-19 pandemic. In different ventures, the reception of these AGVs sped up the item interest due to their functioning capacities without actual contact. Autonomous Mobile Robots (AMR) move distribution centres without labourers ready. To accomplish this, they use sensors that encode and gain from the climate. AGVs follow a proper course on the ground and have a driver ready. Both AMRs and AGVs are utilized for dull and weighty work in stockrooms.
Key Target Audience:
- Manufacturing Plants
- Warehouses and Distribution Centres
- Automotive Industries
- Healthcare Facilities
- Retail Sector
- Airports and Ports
- Pharmaceutical industry
Our in-depth analysis of the Global Automated Guided Vehicles Market includes the following segments:
| By Type: |
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| By Navigation Technology: |
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| By Application: |
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Key Topics Covered in the Report:
- Global Automated Guided Vehicles Market Size (FY’2024-FY’2033)
- Overview of Global Automated Guided Vehicles Market
- Segmentation of Global Automated Guided Vehicles Market By Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Others)
- Segmentation of Global Automated Guided Vehicles Market By Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Others)
- Segmentation of Global Automated Guided Vehicles Market By Application (Logistics & Warehousing, Assembly, Packaging, Raw Material Handling, Others)
- Statistical Snap of Global Automated Guided Vehicles Market
- Expansion Analysis of Global Automated Guided Vehicles Market
- Problems and Obstacles in Global Automated Guided Vehicles Market
- Competitive Landscape in the Global Automated Guided Vehicles Market
- Impact of COVID-19 and Demonetization on Global Automated Guided Vehicles Market
- Details on Current Investment in Global Automated Guided Vehicles Market
- Competitive Analysis of Global Automated Guided Vehicles Market
- Prominent Players in the Global Automated Guided Vehicles Market
- SWOT Analysis of Global Automated Guided Vehicles Market
- Global Automated Guided Vehicles Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Automated Guided Vehicle Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automated Guided Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automated Guided Vehicle Market
7. Global Automated Guided Vehicle Market, By Type (USD Million) 2020-2033
7.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Type, 2020-20267.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Type, 2027-20337.3. Assembly Line Vehicles7.4. Pallet Trucks7.5. Tow Vehicles7.6. Unit Load Carriers7.7. Others
8. Global Automated Guided Vehicle Market, By Navigation Technology (USD Million) 2020-2033
8.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Navigation Technology, 2020-20268.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Navigation Technology, 2027-20338.3. Laser Guidance8.4. Magnetic Guidance8.5. Inductive Guidance8.6. Others
9. Global Automated Guided Vehicle Market, By Application (USD Million) 2020-2033
9.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Application, 2020-20269.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Application, 2027-20339.3. Logistics & Warehousing9.4. Assembly9.5. Packaging9.6. Raw Material Handling9.7. Others
10. Global Automated Guided Vehicle Market Forecast, 2020-2033 (USD Million)
10.1. Global Automated Guided Vehicle Market Size and Market Share
11. Global Automated Guided Vehicle Market, By Region, 2020-2033 (USD Million)
11.1. Global Automated Guided Vehicle Market Size and Market Share By Region (2020-2026)11.2. Global Automated Guided Vehicle Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. AGVE Group Inc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Daifuku Co Ltd12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. JBT Corporation12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Kion Group AG12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Kuka AG12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Murata Machinery12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Omron Adept Technologies Inc12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automated Guided Vehicle Market is covered By Type, By Navigation Technology, By Application
The North America is anticipated to have the highest Market share in the Automated Guided Vehicle Market.
The key players in the Market include Companies Covered AGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
Automated Guided Vehicle Market is projected to reach 34.43 billion by 2033, growing at a CAGR of 16.86% during the forecast period.
Automated Guided Vehicle Market grew in Market size from 2024. The Market is expected to reach 34.43 billion by 2033, at a CAGR of 16.86% during the forecast period.
Automated Guided Vehicle Market CAGR of 16.86% during the forecast period.
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Automated Guided Vehicle Market size is 34.43 billion from 2024 to 2033.
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