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Global Automated Guided Vehicle (AGV) Market - Forecast to 2023 with Daifuku, Honeywell International, KION Group, Murata Machinery, and SSI Schaefer Dominating - ResearchAndMarkets.com

January 8, 2019

DUBLIN--(BUSINESS WIRE)--Jan 8, 2019--The “Global Automated Guided Vehicle (AGV) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The automated guided vehicle (AGV) market to grow at a CAGR of over 10% during the forecast period.

The growing e-commerce industry is one of the major drivers for the widespread adoption of AGvs globally

With an increasing number of users looking to buy products online, vendor need to increase their order processing capacity in warehouse and distribution centers. The increasing vendors’ capacity to deliver items in the shortest possible time, maintain accuracy in order processing to minimize product returns and offer services within low cost of driving the growth of AGV market. The demand for AGVs has increased because of the significant growth of the e-commerce industry.

Need to improve warehouse operational efficiency

AGVs help in improving the efficiency of warehouses and fulfillment centers. These systems increase the accuracy of order picking, improve employee safety, and make efficient use of available space, thus helping end-users to reduce their operating cost. Therefore, AGVs have been widely adopted in warehouses across regions.

Volatility of raw material prices

The raw materials and components used for manufacturing and designing AGVs include structural steels, forging and processed steels bars, steel pipes, steel rods, electric motors, gear reducers, other mechanical components. Steel is one of the major raw materials used for manufacturing various AGVs. Steel is extracted from iron ore. Therefore, the volatility of iron ore prices directly impacts steel prices.

Key Players

Daifuku Honeywell International KION Group Murata Machinery SSI Schaefer

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Product

7. Customer Landscape

8. Market Segmentation by End-User

9. Geographic Landscape

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/zmzmwf/global_automated?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190108005837/en/

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Related Topics:Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/08/2019 11:33 AM/DISC: 01/08/2019 11:33 AM

http://www.businesswire.com/news/home/20190108005837/en

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