Global Automated Guided Vehicles Market Analysis & Trends - Industry Forecast to 2025
The Global Automated Guided Vehicles Market is poised to grow at a CAGR of around 8.6% over the next decade to reach approximately $7.4 billion by 2025. Some of the prominent trends that the market is witnessing include rising utilization of robotics among various industries, increasing demand for material handling, and Rapid industrialization in emerging countries.
Based on navigation technology the market is categorized into magnetic guidance, natural navigation, optical tape guidance, inertial guided, infra-red guidance, GPS, inductive guidance, wire guided, laser guidance, 3d vision guidance, and other navigation technologies. By battery type, the market is segmented by lead, nickel based, lithium ion, and other battery types.
Depending on the vehicle type the market is classified into forklift trucks, clamp vehicles, pallet trucks, unit load carriers, tow vehicles, light load transporters, assembly line vehicles, and other vehicle types. On basis of application the market is segmented by packaging, distribution, transportation, storage, assembly, and other applications.
Based on industry the market is categorized into aerospace, food & beverages, energy, chemicals / plastics, logistics, healthcare, automotive, warehouse and distribution center, retail, manufacturing, and other industries.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
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