February, 22nd - 1 year ago
The report "GLOBAL AUTOMATED GUIDED VEHICLE MARKET”: Segmented By Technology (Inductive Guided Vehicle, Magnetic Guided Vehicle, Vision Guided Vehicle, Optical Guided Vehicle, Laser Automated Guided Vehicle, Tugger Automated Guided Vehicle and Automated Guided Vehicle), By Type (Compact Agv, Standard Agv, Clamp, Tugger, Unit Load and Others), By Application (Transportation, Distribution, Storage, Packaging, Assembly and Others), By End User (Automotive, Consumer Goods, Manufacturing, Food & Beverages, Logistics and Others) & By Geography (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Forecast (USD Billion) and Estimation 2018-2024. The automated guided vehicle market size is expected to reach $9.103 Billion by 2024 from $3.393 Billion by 2017 at a CAGR of 18.5% during the forecast period 2018-2024. Automated guided vehicle systems are material handling systems featured with automatic control, these are unmanned vehicles, and these systems are mainly comprised of automated guided vehicle, guidance control system, devices for location determination and position sensing, infrastructure equipment, and various peripheral installation. Download a free sample report @ https://www.envisioninteligence.com/industry-report/global-automated-guided-vehicle-market/ Automated guided vehicle (AGV) market is experiencing the benefits in cost reduction owing the industries to adopt AGV’s. Automation plays a vital role in the efficiency of an enterprise. It reduces cost and improves the supply chain. Technological advancements and operations in the industrial sector are driving automated guided vehicle market growth. Many industries are adopting this technology due to the operational efficiencies and secure environments provided with low-cost benefits driving the automated guided vehicle market share. China’s biggest automated guided vehicle industry launched automated forklifts that retain manual control. AGV’s are vital and interesting in packaging and warehouse industries as it is a flexible tool and companies have to be adaptable. Linde robotics system is the new robotic solution most advanced and available today, provides unique flexibility for your operations. China’s biggest automated guided vehicles industry robots carry goods that are as heavy as 250 kg and communicate with one another to avoid a collision and it can rotate agilely, deliver products to humans and are rechargeable. Automated guided vehicle market is having a substantial growth in Americas and APAC regions owing to the maximum AGV market share because of technological changes and expenses. As per Automated guided vehicle market report, APAC is the fastest growing region as there is increasing demand for AGV’S in automobile and retail sectors; augmentation of manufacturing companies owing to the cheap labor in emerging countries is driving the automated guided vehicle market growth in APAC region. Developed nations in North America have the maximum share in AGV market because of technological changes and expenses. Canada is expected to grow with a substantial growth and it is the second largest economy in North America and is expected to project the market during the forecast period. The key automated guided vehicle companies include Daifuku Co. Ltd, John Bean Technologies Corporation, Omron Adept technologies, Swisslog Holding AG, Seegrid Corporation, Meidensha Corporation and some others.