Polaris Market Research has published a detailed report on the global Automated Guided Vehicle (Agv) Market, offering valuable insights for stakeholders. The report covers key aspects, including global market value, competitor market share, and regional distributions. It highlights current market trends and identifies future growth opportunities, providing essential data to help businesses navigate the evolving market landscape. This comprehensive analysis equips stakeholders with actionable information to make informed decisions and stay competitive. By addressing market dynamics, challenges, and emerging opportunities, the report serves as a critical resource for understanding the complexities of the Automated Guided Vehicle (Agv) market and planning strategic actions effectively.
According to the research report, the global automated guided vehicle (AGV) market was valued at USD 5.78 Billion in 2023 and is expected to reach USD 13.83 billion by 2032, to grow at a CAGR of 10.30% during the forecast period.
Key Market Drivers:
- Rising demand for automation in manufacturing and warehousing.
- Increasing focus on reducing operational costs and improving efficiency.
- Technological advancements in AI and machine learning for navigation and control.
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Key Companies in Automated Guided Vehicle (Agv) Market:
- Egemin Automation Inc.
- Swisslog Holding AG
- Daifuku Co. Ltd.
- Bastian Solutions Inc.
- JBT
- Dematic
- TOYOTA INDUSTRIES CORPORATION
- Seegrid Corporation
- BALYO
- Hyster-Yale Materials Handling Inc.
- Kollmorgen
- E&K Automation GmbH
- ELETTRIC80 S.P.A.
- KMH Fleet Solutions
- inVia Robotics Inc.
- Fetch Robotics Inc.
- Schaefer Systems International Inc.
- Locus Robotics
- Transbotics
- System Logistics Spa
Automated Guided Vehicles (AGVs) Market Research Scope
AGVs are revolutionizing logistics and manufacturing by automating material handling processes. This segment examines advancements in AI, navigation systems, and battery technologies, alongside their role in reducing operational costs and improving efficiency.
Automated Guided Vehicle (Agv) Market Segmentation:
AGVs are segmented by type, application, and region. Types include unit load carriers, forklifts, and assembly line vehicles. Applications span warehousing, manufacturing, and distribution. North America and Europe lead in adoption, while Asia-Pacific experiences rapid growth in industrial automation.
Automated Guided Vehicle (AGV) Market, Type Outlook (Revenue, USD Billion, 2019-2032)
- Tow Vehicles
- Unit Load Carriers
- Forklift Trucks
- Pallet Trucks
- Assembly Line Vehicles
- Others
Automated Guided Vehicle (AGV) Market, Navigation Technology Outlook (Revenue, USD Billion, 2019-2032)
- Magnetic Guidance
- Optical Tape Guidance
- Vision Guidance
- Laser Guidance
- Inductive Guidance
- Others
Automated Guided Vehicle (AGV) Market, Battery Type Outlook (Revenue, USD Billion, 2019-2032)
- Lead
- Lithium Ion
- Nickel Based
- Others
Automated Guided Vehicle (AGV) Market, Application Outlook (Revenue, USD Billion, 2019-2032)
- Pallet Handling
- Handling Raw Materials
- Work in Process Movement
- Container Handling
- Roll Handling
- Final Product Handling
- Trailor Loading
- Others
Automated Guided Vehicle (AGV) Market, Industry Outlook (Revenue, USD Billion, 2019-2032)
- Food & Beverages
- Healthcare
- Paper & Printing
- Manufacturing
- Logistics
- Retail
- Chemical
- Others
Automated Guided Vehicle (Agv) Industry Developments:
- March 2024: Kollmorgen, a global leader in motion control systems, enhanced the versatility of its AKD2G platform by introducing new synchronized communication protocols. These protocols, rigorously tested with a range of motion controllers, expand Kollmorgen’s offerings and strengthen its support for advanced motion control solutions.
- January 2024: The Daifuku Group, a prominent player in the automated guided vehicle (AGV) market, underwent a comprehensive rebranding initiative. This transformation aimed to unify its brand identity and establish a consistent name across all regions and countries of operation.
- October 2020: Seegrid Corporation acquired Box Robotics, a startup specializing in mobile robotics, 3D LiDAR, high-definition mapping, and deep learning. This strategic acquisition enhances situational awareness for Seegrid’s AGVs, boosting their performance in distribution, manufacturing, and e-commerce facilities.
- March 2022: Covariant, a global leader in AI robotics, expanded its partnership with KNAPP, a technology provider for intelligent value chains, to advance AI-powered robotic solutions. Central to their collaboration is the Pick-it-Easy Robot, a versatile picking robot designed to handle various objects and increase warehouse productivity, demonstrating success across multiple projects.
- February 2021: SafeLog launched its AGV L1 warehouse robots, capable of carrying loads between 1500 kg and 3000 kg. These robots feature agent-based control, eliminating the need for a sophisticated central control station. Designed for intralogistics and production, the AGV L1 can operate individually or in swarms, offering flexible and efficient solutions for modern warehouses.
The Automated Guided Vehicle (Agv) market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.
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