Automated Guided Vehicles - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Automated Guided Vehicle Market is accounted for $1.45 billion in 2017 and is expected to reach $3.64 billion by 2026 growing at a CAGR of 10.8% during the forecast period. Emerging E-commerce industry, adoption of industrial automation by SMEs and demand for automation in material handling across Industries are some of the factors impelling the market growth. However, high installation, maintenance, & switching costs and low labor cost in emerging countries are restricting the market growth.
Automated guided vehicles (AGVs) are totally automated transport systems that are used in manufacturing of unmanned vehicles. The main function of these vehicles is to safely transport all types of products and materials without any human interference. Automated guided vehicles are widely being used in areas of production, logistics, warehousing, and distribution as they ensure profitability through efficient and accurate operations.
Amongst navigation technology, Vision Guidance segment held considerable market share during the predicted period. Vision guided vehicles learn a route by “seeing” as it travels through 360-degree in-built camera. The visual record is then converted to computer code. The vehicle then can respond to directions, recognizing routes by matching what it sees to what it learned.
By geography, Asia Pacific is anticipated to dominate the global market during the forecast period. The region growth is supported by the increasing manufacturing and logistics activities in the emerging countries such as China and India. The flourishing manufacturing and automobile sectors in the region are expected to spur the demand for the market growth.
Some of the key players profiled in the Automated Guided Vehicle market include Konecranes Motum, ABB Ltd, Invia Robotics, Locus Robotics, Fetch Robotics, Transbotics Corporation, Savant Automation, SSI Schaefer Systems International Dwc Llc, KUKA Group, Jungheinrich Group, Murata Machinery, Dematic Corp, Toyota Material Handling, John Bean Technologies (Jbt) Corporation, Addverb Technologies, Seegrid Corporation, Swisslog Holding, Amerden Inc and Oceaneering AGV Systems.
Battery types Covered:
• Nickel-Based
• Lithium-Ion
• Lead
• Other Battery Type
Navigation Technologies Covered:
• Optical Tape Guidance
• Vision Guidance
• Laser Guidance
• Inductive Guidance
• Magnetic Guidance
• Other Navigation Technologies
Types Covered:
• Assembly Line Vehicle
• Pallet Truck
• Tow Vehicle
• Forklift Truck
• Unit Load Carrier
Applications Covered:
• Packaging
• Assembly
• Storage
• Distribution
• Transportation
End Users Covered:
• Retail
• Healthcare
• Logistics
• Aerospace
• Food & Beverage
• Manufacturing
• Automotive
• Other End users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Futuristic Market Scenario
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Automated Guided Vehicle Market, By Battery Type
- 5.1 Introduction
- 5.2 Nickel-Based
- 5.3 Lithium-Ion
- 5.4 Lead
- 5.5 Other Battery Types
- 6 Global Automated Guided Vehicle Market, By Navigation Technology
- 6.1 Introduction
- 6.2 Optical Tape Guidance
- 6.3 Vision Guidance
- 6.4 Laser Guidance
- 6.5 Inductive Guidance
- 6.6 Magnetic Guidance
- 6.7 Other Navigation Technologies
- 7 Global Automated Guided Vehicle Market, By Type
- 7.1 Introduction
- 7.2 Assembly Line Vehicle
- 7.3 Pallet Truck
- 7.4 Tow Vehicle
- 7.5 Forklift Truck
- 7.6 Unit Load Carrier
- 8 Global Automated Guided Vehicle Market, By Application
- 8.1 Introduction
- 8.2 Packaging
- 8.3 Assembly
- 8.4 Storage
- 8.5 Distribution
- 8.6 Transportation
- 9 Global Automated Guided Vehicle Market, By End User
- 9.1 Introduction
- 9.2 Retail
- 9.3 Healthcare
- 9.4 Logistics
- 9.5 Aerospace
- 9.6 Food & Beverage
- 9.7 Manufacturing
- 9.8 Automotive
- 9.9 Other End users
- 10 Global Automated Guided Vehicle Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
- 11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
- 12 Company Profiling
- 12.1 Konecranes
- 12.2 Motum
- 12.3 ABB Ltd
- 12.4 Invia Robotics
- 12.5 Locus Robotics
- 12.6 Fetch Robotics
- 12.7 Transbotics Corporation
- 12.8 Savant Automation
- 12.9 SSI Schaefer Systems International Dwc Llc
- 12.10 KUKA Group
- 12.11 Jungheinrich Group
- 12.12 Murata Machinery
- 12.13 Dematic Corp
- 12.14 Toyota Material Handling
- 12.15 John Bean Technologies (Jbt) Corporation
- 12.16 Addverb Technologies
- 12.17 Seegrid Corporation
- 12.18 Swisslog Holding
- 12.19 Amerden Inc
- 12.20 Oceaneering AGV Systems
- List of Tables
- Table 1 Global Automated Guided Vehicle Market Outlook, By Region (2016-2026) ($MN)
- Table 2 Global Automated Guided Vehicle Market Outlook, By Battery Type (2016-2026) ($MN)
- Table 3 Global Automated Guided Vehicle Market Outlook, By Nickel-Based (2016-2026) ($MN)
- Table 4 Global Automated Guided Vehicle Market Outlook, By Lithium-Ion (2016-2026) ($MN)
- Table 5 Global Automated Guided Vehicle Market Outlook, By Lead (2016-2026) ($MN)
- Table 6 Global Automated Guided Vehicle Market Outlook, By Other Battery Types (2016-2026) ($MN)
- Table 7 Global Automated Guided Vehicle Market Outlook, By Navigation Technology (2016-2026) ($MN)
- Table 8 Global Automated Guided Vehicle Market Outlook, By Optical Tape Guidance (2016-2026) ($MN)
- Table 9 Global Automated Guided Vehicle Market Outlook, By Vision Guidance (2016-2026) ($MN)
- Table 10 Global Automated Guided Vehicle Market Outlook, By Laser Guidance (2016-2026) ($MN)
- Table 11 Global Automated Guided Vehicle Market Outlook, By Inductive Guidance(2016-2026) ($MN)
- Table 12 Global Automated Guided Vehicle Market Outlook, By Magnetic Guidance (2016-2026) ($MN)
- Table 13 Global Automated Guided Vehicle Market Outlook, By Other Navigation Technologies (2016-2026) ($MN)
- Table 14 Global Automated Guided Vehicle Market Outlook, By Type (2016-2026) ($MN)
- Table 15 Global Automated Guided Vehicle Market Outlook, By Assembly Line Vehicle (2016-2026) ($MN)
- Table 16 Global Automated Guided Vehicle Market Outlook, By Pallet Truck (2016-2026) ($MN)
- Table 17 Global Automated Guided Vehicle Market Outlook, By Tow Vehicle (2016-2026) ($MN)
- Table 18 Global Automated Guided Vehicle Market Outlook, By Forklift Truck (2016-2026) ($MN)
- Table 19 Global Automated Guided Vehicle Market Outlook, By Unit Load Carrier (2016-2026) ($MN)
- Table 20 Global Automated Guided Vehicle Market Outlook, By Application (2016-2026) ($MN)
- Table 21 Global Automated Guided Vehicle Market Outlook, By Packaging(2016-2026) ($MN)
- Table 22 Global Automated Guided Vehicle Market Outlook, By Assembly (2016-2026) ($MN)
- Table 23 Global Automated Guided Vehicle Market Outlook, By Storage (2016-2026) ($MN)
- Table 24 Global Automated Guided Vehicle Market Outlook, By Distribution (2016-2026) ($MN)
- Table 25 Global Automated Guided Vehicle Market Outlook, By Transportation (2016-2026) ($MN)
- Table 26 Global Automated Guided Vehicle Market Outlook, By End User (2016-2026) ($MN)
- Table 27 Global Automated Guided Vehicle Market Outlook, By Retail (2016-2026) ($MN)
- Table 28 Global Automated Guided Vehicle Market Outlook, By Healthcare (2016-2026) ($MN)
- Table 29 Global Automated Guided Vehicle Market Outlook, By Logistics (2016-2026) ($MN)
- Table 30 Global Automated Guided Vehicle Market Outlook, By Aerospace (2016-2026) ($MN)
- Table 31 Global Automated Guided Vehicle Market Outlook, By Food & Beverage (2016-2026) ($MN)
- Table 32 Global Automated Guided Vehicle Market Outlook, By Manufacturing (2016-2026) ($MN)
- Table 33 Global Automated Guided Vehicle Market Outlook, By Automotive (2016-2026) ($MN)
- Table 34 Global Automated Guided Vehicle Market Outlook, By Other End Users (2016-2026) ($MN)
- Note: Tables for North America, Europe, Asia Pacific, South America & Middle East & Africa, regions are also represented in the same manner as above.
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook