Automated Guided Vehicle (AGV) Market To Worth USD 3.25 Billion By 2026
Market Summary Increasing demand for automation in the handling of raw materials and increasing safety standards in workplace are the significant drivers of the market. Market Size – USD 1.89 Billion in 2018, Market Growth - CAGR of 6.8% between 2019 and 2026, Market Trends – Industrial growth in emerging economies and emerging e-commerce industry The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 3.25 Billion by 2026, at a CAGR of 6.8%. The crucial factors that drive the growth of the AGV market include increasing demand for automation in the handling of materials across industries, the emerging e-commerce industry, increasing requirements for safety standards in the workplace and increased productivity due to improved supply chain processes. Further key findings from the report suggest : • The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 3.25 Billion by 2026, at a CAGR of 6.8%. • On the basis of navigation technology, laser guidance technology is expected to hold largest market share with a CAGR of 8.45% in 2026. Laser guidance is the most flexible vehicle movement system and provides precise navigation. Reflectors have been mounted on the walls along the road of the vehicle. www.reportsanddata.com
Key Players: SSI Schaefer (Germany), EK Automation (Germany), JBT Corporation (US), Toyota Industrial (Japan), Daifuku (Japan), Hyster-Yale Materials Handling (US), KUKA (Germany), KION Group (Germany), Kollmorgen (US), Seegrid Corporation (US), and others. Segmentation: • Type (Revenue, USD Million; 2016–2026) Unit Load Carriers Assembly Line Vehicles Forklift Trucks Tow Vehicles Pallet Trucks Others (Automated Carts, Hybrid AGVs, and Customized AGVs) • Application (Revenue, USD Million; 2016–2026) Transportation Distribution Storage Assembly Packaging Others (Waste Handling and Work-in-Process Activities) www.reportsanddata.com
Regional Automated Guided Vehicle (AGV) Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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