Europe Automated Guided Vehicle Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Automated guided vehicles are independent unmanned vehicles that can transport materials around the factory or warehouse. These automated vehicles are used for various industrial purposes to carry materials from one location to another, and it creates a safer environment.

Europe Automated Guided Vehicle Market Segments Size & Growth:

The market is expected to reach $1.7931 Billion by 2024 from $0.6900 Billion by 2017 at a CAGR of 17.50% during the forecast period 2018-2024. The key factors responsible for the market growth involves advancements in automation, reduction regarding cost of operation, highly secure environment and rise in popularity of automation among people. However, complex installation procedures are hampering the market growth.

Europe Automated Guided Vehicle Market Segments Share:

The Europe automated guided vehicle market is segmented into type, technology, application and end user. Based on technology, automated guided vehicle market is categorised into laser automated guided vehicle, inductive guided vehicle, optical guided vehicle, vision-guided vehicle, and others. Among all these, laser guidance is the dominating AGV market as it is holding more than half of the market share and is expected to continue during the forecast. And the major impediment is lack of adequate charging facilities for plug-in segments in AGV market. Based on the type, AGV market is classified into Custom AGV, Standard EGV, Hybrid EGV, Compact EGV, AND Etow EGV systems. Among which standard EGV is classified into the clamp, tugger, unit load and others where the unit load is the largest segment, and it holds a fourth of the market share, as these are autonomous robots, which can carry one to eight unit loads at a time. Based on application, AGV market is bifurcated into packaging, shipping, transportation, Distribution, and others. Transportation segment is accounted for the significant share mainly due to the rapid urbanisation and increased industrial production. Based on end-user industries, AGV market is categorised into Automotive, food & beverage, consumer goods, Manufacturing, and others. Among these end-user industries, automotive, food & beverage and logistics are majorly accounted for the largest market due to various applications in assembly lines and growing investments in automotive R&D activities are growing this market. Geographically, Europe AGV’s market is segmented into Germany, France, Italy, Russia, and others. Germany is the dominating region in AGV’s market and is expected to continue during the forecast period due to the political and economic superiority in Europe and lower interest rates are driving the Europe region’s AGV’s market.

Europe Automated Guided Vehicle Market Trends:

• Lamborghini has launched the world’s fastest super SUV’s produced on multiple automated guided vehicles controlled by AGVE’s.
• A large-scale autonomous project ‘volvo cars drive me’ Gothenburg produced by AGV’s controlled by AGVE’s.

Europe Automated Guided Vehicle Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

• Daifuku Co. Ltd
• Seegrid Corporation
• Meidensha Corporation
• Transbotics corporation
• Rocla Oy