Global Automated Guided Vehicle Market is Expected to Grow at 11.1% in the Forecast Period of 2021 to 2028

The Automated Guided Vehicle Industry will relinquish an approximated estimate at a frequency of 11.1% for the projection space of 2021 to 2028 with factor such as increasing growth of automation in manufacturing industry.

The automated guided vehicle market has shown an exceptional penetration in countries such as the U.S., China and Germany. High penetration of robotics in various industries is boosting the growth in developed countries. In developing countries, lack of labor and workforce is creating opportunity for the global automated guided vehicle market.

Automated Guided Vehicle Market Scenario

According to Data Bridge Market Research, the market for automated guided vehicle in Europe region has the highest market share followed by North America and Asia-Pacific. Market leader is TOYOTA INDUSTRIES CORPORATION which accounts an estimated market share of approximately 15% to 25% in the Asia-Pacific region. The company has gained outstanding sales through their automated guided vehicle products which include key cart, tug cart, road sorter S, high speed rail guided vehicle system, automatic guided lift truck and automatic guided pallet truck.

  • In January 2019, KUKA AG announced the launch of new KR quantec generation. The new generation of the series offers slimmer modular system, lower TCO (total cost of ownership) and is equipped for additional “motion modes”. The new generation has increased the customer base of the company.

Automated Guided Vehicle MarketTrends Impacting the Automated Guided Vehicle Market

Now the question is which other regions TOYOTA INDUSTRIES CORPORATION, KUKA AG and JBT are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific automated guided vehicle market and the market leaders targeting China, Japan and South Korea to be their next revenue pockets for 2021.

The automated guided vehicle market is becoming more competitive every year with companies such as TOYOTA INDUSTRIES CORPORATION, KUKA AG and JBT as they are the market leaders for automated guided vehicle market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the automated guided vehicle market.

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Automated Guided Vehicle Market Development

  • In September 2020, KUKA AG announced the launch of KR scara robot for industrial production. The new product offers extremely short cycle time and has a reach of 500 or 700 millimetres and is ultra-compact. The new product is highly cost effective and can help in increasing the customer base in cost-sensitive markets.

Scope of the Automated Guided Vehicle Market

Global automated guided vehicle market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

  • All country based analysis of automated guided vehicle market is further analyzed based on further segmentation. On the basis of type, the automated guided vehicle market is segmented into tow vehicles, unit load carriers, forklift trucks, pallet trucks, assembly line vehicle and others. On the basis of navigation technology, the automated guided vehicle market is segmented into magnetic guidance, laser guidance, vision guidance, optical tape guidance, inductive guidance and others. On the basis of battery type, the automated guided vehicle market is segmented into lead, lithium ion, nickel based and others. On the basis of application, the automated guided vehicle market is segmented into work in process, handling raw materials, pallet handling, final product handling, container handling, roll handling, trailor loading and others. On the basis of industry, the automated guided vehicle market is segmented into manufacturing, logistics, retail, food & beverages, healthcare, paper & printing, tobacco, chemical and others.

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Key Pointers Covered in Automated Guided Vehicle Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • System Logistics S.p.A. (a subsidiary of Krones AG)
  • Murata Machinery, Ltd.
  • Konecranes
  • Guangdong Jaten Robot & Automation Co.,Ltd.
  • Jungheinrich AG
  • Scott
  • Oceaneering International, Inc.
  • Dematic (a subsidiary of KION GROUP AG)
  • DF Automation & Robotics Sdn Bhd
  • E&K Automation GmbH
  • Daifuku Co., Ltd.
  • JBT
  • Seegrid Corporation
  • Fritz SCHÄFER GmbH & Co KG
  • Eckhart
  • Kollmorgen (a subsidiary of Danaher)

Above are the key players covered in the report, to know about more and exhaustive list of automated guided vehicle companies’, contact us

Research Methodology: Global Automated Guided Vehicle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Financial Institutions and Automated Guided Vehicle Consultants
  • Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence and Regulatory Affairs Managers among others.

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