Automated Guided Vehicle (AGV): Global Market Size, Share & Trends Analysis by Type, Application, End-Use Industry, Battery Type, Component, Navigation Technology, and Region (2019-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 15, 2019--The “Automated Guided Vehicle (AGV) Market Size, Share & Trends Analysis Report By Type, By Application, By End-Use Industry, By Battery Type, By Component, By Navigation Technology, By Region, And Segment Forecasts, 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global automated guided vehicle market size is expected to reach USD 7.28 billion by 2025, according to this report. The market is expected to register a CAGR of 15.8% over the forecast period.
Automated guided vehicles 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 industry growth over the forecast period. The AGV 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. Automated guided vehicles running on lithium-ion batteries can also offer higher round-trip efficiencies.
Further key findings from the study 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.
- Manufacturing industry is increasingly adopting AGVs 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.
- Logistics and warehousing was the largest application segment and is expected to retain its dominance over the forecast period.
- Europe regional market led the global AGV market in 2018. However, the Asia Pacific regional market is projected to expand at the highest CAGR of 17.0% from 2019 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 Corp.; 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 Corporation.
Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 AGVs - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.3 Segmental Outlook
Chapter 3 AGVs Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Future of AGVs
3.4 Case Studies
3.5 AGVs - Value Chain Analysis
3.6 Vendor Landscape
3.7 AGVs Market Dynamics
3.8 Market Driver Analysis
3.9 Market Restraint Analysis
3.10 Market Opportunity Analysis
3.11 Industry Analysis - Porter’s Five Forces Analysis
3.12 AGVs - PEST Analysis
3.13 Technology Overview
3.14 Major Deals & Strategic Alliances Analysis
3.15 Key Company Market Share Analysis,2018
Chapter 4 AGVs: Vehicle Type Estimates and Trend Analysis
4.1 AGVs Market Share by Vehicke Type, 2018 & 2025
4.1.1 Tow vehicle
4.1.2 Unit load carrier
4.1.3 Pallet truck
4.1.4 Forklift truck
4.1.5 Hybrid vehicles
Chapter 5 AGVs: Navigation Technology Estimates & Trend Analysis
5.1 AGVs Market Share by Navigation Technology, 2018 & 2025
5.1.1 Heat map for choosing navigation
5.1.2 Laser guidance
5.1.3 Magnetic guidance
5.1.4 Vision guidance
5.1.5 Inductive guidance
5.1.6 Natural navigation
Chapter 6 AGVs: Application Estimates & Trend Analysis
6.1 AGVs Market Share by Application, 2018 & 2025
6.1.1 Logistics and warehousing
6.1.4 Trailer loading & unloading
6.1.5 Raw material handling
Chapter 7 AGVs End-Use Industry Estimates & Trend Analysis
7.1 AGVs Market Share by End-Use Industry, 2018 & 2025
7.1.1 Manufacturing sector
7.1.2 Wholesale and distribution
Chapter 8 AGVs Component Estimates & Trend Analysis
8.1 AGVs Market Share by component, 2018 & 2025
Chapter 9 AGVs Battery Type Estimates & Trend Analysis
9.1 AGVs Market Share by battery type, 2018 & 2025
9.1.1 Lead battery
9.1.2 Lithium-ion battery
9.1.3 Nikel-based battery
Chapter 10 AGVs Regional Estimates and Trend Analysis
10.1 AGVs Market Share by Region, 2018 & 2025
10.1.1 North America
10.1.3 APAC (Asia Pacific)
10.1.4 South America
Chapter 11 Competitive Landscape
11.1 Swisslog Holding Ltd. (KUKA Group)
11.2 Egemin Automation Inc. (KION Group AG)
11.3 Bastian Solutions Inc. (A subsidary of Toyota Advanced Logistics North America)
11.4 Daifuku Co. Ltd.
11.5 Dematic Corp. (KION Group AG)
11.6 JBT Corporation
11.7 Seegrid Corporation
11.8 Toyota Industries Corporation (Toyota Motor Sales U.S.A Inc.)
11.9 Hyster-Yale Group, Inc. (Hyster-Yale Materials Handling Inc.)
11.10 Balyo Inc. (Balyo S.A.)
11.11 EK Automation
11.13 KMH Systems Inc.
11.14 Elettric80 S.p.A.
11.15 Fetch Robotics Inc.
11.16 inVia Robotics Inc.
11.17 Locus Robotics
11.18 Schaefer Systems International Inc. (A subsidiary of SSI SCHAEFER Group)
11.19 System Logistics S.p.A. (A subsidiary of Krones Group)
11.20 Transbotics (A division of Scott Systems International Incorporated)
For more information about this report visit https://www.researchandmarkets.com/r/u65df5
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PUB: 04/15/2019 05:35 AM/DISC: 04/15/2019 05:35 AM