According to a new market research report published by Global Insight Services “ Automated Guided Vehicle Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An automated guided vehicle (AGV) is a material handling system that uses unmanned vehicles guided by markers or wires on the floor, or by vision, lasers, magnets, or other means to move materials, parts, tools, or specialized equipment through manufacturing processes or within warehouses.
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Top Key Players in Automated Guided Vehicle market: BALYO, Daifuku Co., Ltd., E&K Automation GmbH, inVia Robotics, Inc., JBT, KUKA AG, Oceaneering International
Key Trends
Miniaturization refers to the trend of making AGVs smaller in size. This is being driven by the need for AGVs to be able to operate in smaller spaces, such as in warehouses and factories.Intelligence refers to the trend of making AGVs more intelligent so that they can be better at navigating their environment and avoiding obstacles. This is being driven by the need for AGVs to be able to operate in more complex environments.
Key Drivers
The key drivers of the Automated Guided Vehicle market are the rising labor costs, the need for increased productivity, and the need for improved safety.The rising labor costs are one of the key drivers of the Automated Guided Vehicle market.The increasing wages and the shortage of skilled labor are the major factors driving the labor costs. The need for increased productivity is another key driver of the Automated Guided Vehicle market.
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Market Segments
The Automated Guided Vehicle Market is segmented by type, navigation technology, application, mode of operation, and region. By type, the market is classified into tow-vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks. By navigation technology, it is divided into laser guidance, magnetic guidance, inductive guidance and others. By application, it is categorized into transportation, distribution, storage and others. On the basis of mode of operation, it is classified into indoor and outdoor. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Automated Guided Vehicle Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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