Market Summary -
According to the latest information, in 2019, the global Automated Guided Vehicle Market Size is expected to cross USD 4.31 billion by 2030 at a CAGR of 9.85% during the forecast period ending in 2030
The automated guided vehicles market opportunities are an incorporation of industry 4.0 is predicted to boost the growth of the market.
Automated guided vehicles are load carriers or self-guided material handling systems. These can travel autonomously across various areas like distribution centers, warehouses, or manufacturing facilities installed using the sensors without any onboard operator. Supply chain management is using automation in the form of automated guided vehicles like forklifts, small rack carrying robots, automated stackers, and pallet trucks.
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Moreover, to perform various tasks, these vehicles are programmed using the safest alternatives for material handling, machine learning, and deep learning. Apart, these vehicles provide superior benefits like safety inside facilities, precision & productivity raises, reduced product damage, scale to support automation processes, and labor costs lessened. These advantages escalate the transportation and logistics firms to deploy AGVs.
Automation and automated guided vehicles are highly demanded in various industries and safety, accuracy, and productivity are increasing which leads to rising in the growth of the automated guided vehicle market. These vehicles follow configurable guide paths for storage optimization, picking, and transport functions in the premium space environment.
These vehicles are used in various end-use industries like healthcare, logistics, manufacturing, automotive, food and beverages, and others. Rising industrialization leads to the continuous need for transport solutions for enhancing efficiency and customized material handling.
Top Growing Key Players -
Toyota Industries Corporation in Japan
KUKA AG in Germany
Hyster-Yale Materials Handling Inc. the US
KION GROUP AG in Germany
Meidensha Corporation in Japan
Seegrid Corporation in the US
Daifuku Co. Ltd in Japan
Jungheinrich AG in Germany
Crown Equipment Corporation in the US
SSI SCHÄFER in the US
Meidensha Corporation in Japan
SCOTT in New Zealand
E&K Automation GmbH in Germany
JBT Corporation in the US
Industry News As per the latest updates, the automated guided vehicle market forecast states that the vehicle market is going to reach immense growth due to the introduction of new product development, mergers, and acquisitions. The innovation by Seegrid is named GT10 Series 7Plus Vision Guided Vehicle which is featured with a shorter mast structure for accommodating height-restricted facilities and is mounted by more beneficial features. Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/ask_for_schedule_call/7751 Market Segmentation Based on the recent updates, the global automated guided vehicle market is analysed into four segments such as vehicle type, technology, application, and industry. Vehicle Type Segmentation: The automated guided vehicle market based on vehicle types is classified into TOW Vehicle, unit load carrier, forklift vehicle, pallet trucks, assembly line vehicles, and others. Technology Segmentation: The automated guided vehicle market by technology is categorized into five types as traditional guidance, inductive guidance, laser guidance, natural features guidance, and vision-guided vehicles. Application Segmentation: The automated guided vehicle market applications are transportation, distribution, assembly, roll handling, and others. Industry Segmentation: By industry, the automated guided vehicle market is analyze into various forms like electrical & electronics, automotive, pharmaceutical, logistics & distribution, plastics & polymers, food & beverage, and others. Regional Analysis According to the automated guided vehicle market share and other aspects, the regional market is divided into four major regions like North America, Asia-Pacific, Europe, and the Rest of the world. Among them, Europe is dominating the largest market share due to the rising use of industrial and domestic space and rapid technological developments in robotics and automation. The high demand for electronics and retail products and the enhancing automotive industry is boosting the market growth in this region. Rise in the end-use industries like electronics, food & beverage, automotive, and construction are also fostering the market growth. Continue... Browse Full Report @ https://www.marketresearchfuture.com/reports/automated-guided-vehicle-market-7751 Top Trending Reports @ https://www.marketresearchfuture.com/reports/cnc-polishing-machines-market-7571 https://www.marketresearchfuture.com/reports/india-color-sorter-market-3569 https://www.marketresearchfuture.com/reports/diesel-common-rail-injection-system-market-2157 https://www.marketresearchfuture.com/reports/crop-sprayer-market-2867 https://www.marketresearchfuture.com/reports/detonator-market-8201 About Market Research Future - At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
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