Automated Guided Vehicles Market

Automated Guided Vehicles - Global Market Outlook (2020-2028)

4.4 (38 reviews)
Published: April 2021 ID: SMRC20431
4.4 (38 reviews)
Published: April 2021 ID: SMRC20431

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automated Guided Vehicles Market is accounted for $3.60 billion in 2020 and is expected to reach $8.47 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Improving safety standards at workplace, shifting demand from mass production to mass customization and rising popularity of e-commerce owing to COVID-19 are the major factors driving the market growth. However, increased use of mobile robots in retail & e-commerce industries, high installation, maintenance, and switching costs are hampering the growth of the market.

An automated guided vehicle or an autonomous guided vehicle (AGV) is a material handling system that travels throughout a warehouse, manufacturing unit or distribution center without any human interruption. It is used to transport several materials such as rubber, plastic, paper, metal, and others. For example, it is used to transport materials from the warehouse to the production facility. Automated guided vehicle are used by manufacturer to make the process faster, accurate, and cost-efficient. AGV is used to decrease labour costs, increase productivity, and reduce product damages. Automated guided vehicles are extensively used in food and beverages, pharmaceuticals, chemical, semiconductor & electronics, retail, healthcare, and other industries. Additionally, automated guided vehicles are used in the work-in-progress application and with finished goods to support manufacturing and production units.

Based on the technology, the laser guidance segment is going to have lucrative growth during the forecast period due to flexibility, scalability, and accuracy of the laser guidance technology, it also improves safety, increases throughput, and minimizes downtime. For vehicle movement and to offer accurate navigation, laser guidance is the most flexible system. It allows the vehicles to work in a warehouse without the necessity for invasive barriers.

By geography, Asia Pacific is going to have high growth during the forecast period. China and Japan are the countries driving the growth of the AGV market in APAC. The expeditious growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China, India, and South Korea, has bestow to the growth of the AGV market in APAC. Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which may be best achieved by the implementation of AGVs.

Some of the key players profiled in the Automated Guided Vehicles Market Balyo , Bastian Solutions Inc, Daifuku Co Ltd, Dematic, E&K Automation Gmbh, Elettric 80 S.P.A., Fetch Robotics Inc, Hyster-Yale Materials Handling Inc, Invia Robotics Inc, Kmh Fleet Solutions, Kollmorgen, Rockwell Automation, Inc, Seegrid Corporation, Swisslog Holding Ag, and Toyota Industries Corporation.
Types Covered:
• Automated Fork Lift  
• Automated Tow/Tractor/Tugs  
• Compact  
• Customized  
• Driverless Trains  
• Heavy Burden Carrier  
• Light Load Transporters   
• Mobile Robots  
• Special Purpose  
• Standard  
• Underride/Tunneling Vehicles

Glass Panels Covered:
• Colored Glass Panel 
• Opaque Glass Panel 
• Transparent Glass Panel

Vehicle Types Covered:
• Assembly Line Vehicles 
• Carts 
• Forklift Vehicles 
• Hybrid Vehicles 
• Pallet Trucks 
• Tow Vehicle 
• Unit Load Carriers
Products Covered:
• Carbon Aerogels
• Metal Oxide Aerogels
• Silica Aerogels  

Technologies Covered:
• 3D Vision Guidance  
• Camera Guided  
• Fixed Path  
• Global Positioning System (GPS)  
• Guide Tape Navigation  
• Heat Map For Choosing Navigation  
• Inductive/Wire Guidance  
• Inertial Guided  
• Infrared Guidance  
• Laser Guidance  
• Magnetic Guidance  
• Natural Features Guidance   
• Natural Navigation  
• Optical Tape Guidance  
• Traditional Guidance  
• Tape Guidance  
• Others Navigation Technology

Components Covered:
• Hardware
• Software
• Service & Support 

Batteries Types Covered:
• Lead Battery
• Lithium-Ion Battery
• Nickel-Based Battery
• Other Battery Types

Mode Of Operations Covered:
• Indoor
• Outdoor

Applications Covered:
• Warehousing
• Clamp Handling 
• Container Handling 
• End-Of-Line Transport 
• Final Product Handling 
• Kitting/Picking 
• Packaging 
• Pallet Handling 
• Parts-To-Line 
• Raw Material Handling 
• Replenishment 
• Roll Handling 
• Shop Floor Control 
• Staging/Sortation 
• Storage & Assembly 
• Trailer Loading & Unloading 
• Trash Removal 
• Waste Handling 
• Work-In-Process Activities  

End Users Covered:
• 3PL (Third-Party Logistics)
• Food & Beverage
• Healthcare and Pharmaceutical
• Metals & Heavy Machinery
• Transportation
• Manufacturing Sector
• Wholesale and Distribution Sector
• Semiconductors & Electronics
• Paper & Printing
• Petrochemicals
• Tobacco
• Oil & Gas
• Building & Construction
• Military And Defence
• Tissue
• Textiles & Clothing

Sales Channel Covered:
• Direct Channels
• Indirect Channels

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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