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NEW YORK, July 26, 2022 /PRNewswire/ — The automated guided vehicle (AGV) market is fragmented. The vendors are deploying organic and inorganic growth strategies to compete in the market.
The automated guided vehicle (AGV) market size is expected to grow by USD 1.14 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 8.79% during the forecast period, according to Technavio.
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Automated Guided Vehicle (AGV) Market 2021-2025: Scope
The automated guided vehicle (AGV) market report covers the following areas:
- Automated Guided Vehicle (AGV) Market size
- Automated Guided Vehicle (AGV) Market trends
- Automated Guided Vehicle (AGV) Market industry analysis
Automated Guided Vehicle (AGV) Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automated guided vehicle (AGV) Market, including Daifuku Co. Ltd., Hitachi Ltd., Hyster-Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, KUKA AGMurata Machinery Ltd., Seegrid Corp., SSI SCHAEFER Group, and Toyota Industries Corp. among others. The key offerings of some of these vendors are listed below:
- Daifuku Co. Ltd. – The company offers an extensive range of products such as chain conveyor type, roller conveyor type, fork type, tunnel tow type, and front tow type AGVs, among others.
- Hitachi Ltd. – The company offers a line of products such as Racrew, a compact and low-floor automated guided vehicle.
- Hyster-Yale Materials Handling Inc. – The company offers a line of products such as Robotic Reach Truck, Robotic Pallet Truck, Counterbalanced Stacker, and Robotic Tow Tractor, among others.
- John Bean Technologies Corp. – The company offers a line of products such as counterbalance, forkover, outrigger, narrow aisle, and reach-type forked AGVs, among others.
- KION GROUP AG – The company offers a line of products with resemblance to Wall-E and R2D2 through its subsidiary Dematic.
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Automated Guided Vehicle (AGV) Market 2021-2025: Segmentation
- Product
- Unit Load Carrier: This segment will contribute to the highest market growth during the forecast period. Unit load carriers can easily interface with conveyors and automated storage and retrieval systems. These carriers are expected to be used in heavy industry warehouses for raw material handling and equipment movement. Such initiatives are expected to drive the growth of this segment.
- Tow Vehicle
- Pallet Truck
- Assembly Line Vehicle
- Others
- Geography
- Europe: This region will account for 33% of the market’s growth during the forecast period. This growth is attributed to factors such as growing demand for AGVs from the manufacturing, e-commerce, and automotive industries. Moreover, market growth in this region will be faster than the growth of other regions. Japan and China are the key countries for the market in APAC.
- APAC
- North America
- South America
- MEA
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a Sample Report
Automated Guided Vehicle (AGV) Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist automated guided vehicle (AGV) market growth during the next five years
- Estimation of the automated guided vehicle (AGV) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automated guided vehicle (AGV) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automated guided vehicle (AGV) market vendors
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