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Wednesday, April 28, 2021

Global Automated Guided Vehicle Market to be driven by increasing utilisation of unit load carriers to deliver pallets and large containers and rising demand for enhanced workers’ safety in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Automated Guided Vehicle Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Automated Guided Vehicle Market, assessing the market based on its segments like Type, Navigation Technology, Application, End Use, Industry, and major regions which include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 2.0 Billion
  • Forecast CAGR (2021-2026): 10.0%
  • Forecast Market Size (2026): USD 2.6 Billion

The supply chain management has undergone a dramatic transition in technology in recent years. The market for automated guided vehicles such as forklift trucks, pallet trucks, small rack carriers and others has expanded as these vehicles are able to perform desired activities with detailed programming of machines. Furthermore, there is an increasing need for safe, reliable and more efficient material handling in the e-commercial sector, which is fuelling this market. The growing automated vehicle industry is further boosting the growth. However, the high initial investment and high cost of servicing and maintenance of automated guided vehicles can hinder the market growth. The rapid technical advancements and the increased emphasis on security and precision would lead to the growth of the industry over the projected period.

Industry Definition and Major Segments

Automated Guided Vehicles (AGV) refer to load carriers or material handling systems that are autonomous in nature.

Explore the full report with the table of contents@

On the basis of type, the industry is divided into:

  • Unit Load Carriers
  • Tow Vehicles
  • Assembly Line Vehicles
  • Forklift Vehicles
  • Pallet Trucks
  • Special Purpose
  • Others

Based on navigation technology, the industry can be segmented into:

  • Vision Guidance
  • Laser Guidance
  • Inductive Guidance
  • Magnetic Guidance
  • Optical Tape Guidance
  • Others

The applications can be categorised as follows:

On the basis of end use, the industry can be bifurcated into:

  • Manufacturing Sector
  • Wholesale and Distribution Sector

By industry, the market can be segmented into:

Latest Global News on Automated Guided Vehicle Market@

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

A large share of the automated driven vehicle industry is reflected in the unit carrier category. The enhanced use of unit load transporters to provide pallets and wide containers and their ability to effectively plan the task can also be attributed to reducing inventory loss and aisle flow. Furthermore, unlike fork trucks, it needs no human interaction and is thus suitable for repeated activities in unsafe environments. As they are autonomous in nature, they eliminate human labour requirements and provide employees with improved protection. The increased demand for better protection for employees contributes greatly to this segment’s rise.

Key Market Players

The major players in the market are Daifuku Co., Ltd., JBT Europe B.V., KUKA AG, Seegrid Corporation, Toyota Material Handling, Inc., and Oceaneering International, Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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