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Automated guided vehicle market worth USD 2.68 billion by 2022 according to new research report

Automotive and Transportation Market Research

The automated guided vehicle market is expected to reach USD 2.68 billion by 2022, growing at a CAGR of 9.34% between 2017 and 2022. The advancements in automation, emphasis on workplace safety, and growing efforts to reduce operational cost and enhance overall performance are the major factors driving the growth of the automated guided vehicle market.

Automated Guided Vehicle Market spread across 183 Pages, Profiling 12 Companies and Supported with 76 Tables and 70 Figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=375739 .

In automated guided vehicle market various navigation technologies such as laser, magnetic, inductive, optical tape, and so on are used to navigate the automated guided vehicles within the production facilities of the concerned industries. Among these technologies, the laser guidance technology is the most popular technology.

Different types of AGVs are deployed in the industrial areas for various applications such as transportation, distribution, storage, assembly, and packaging.

Key Target Audience

  • AGV Manufacturers
  • Manufacturers of components such as sensors, microcontrollers, RFID modems, and related accessories
  • Professional services/solutions providers
  • End users
  • Material handling industry standard organizations and regulatory authorities
  • Research institutes and organizations
  • Associations of material handling
  • Government bodies, venture capitalists, and private equity firms

Automated guided vehicles market are gaining popularity in the aerospace industry as they facilitate the manufacturing and assembly of the aircraft. AGVs are used for storing parts of aircraft, for picking and handling components during the assembly of aircraft, and for organizing aircraft parts efficiently for fast and reliable access.

Moreover, AGV offers flexibility and can handle small to large components effectively from the assembly to the transportation operation.

More Information on Automated Guided Vehicle Market with Forecast and Company Profiles at www.rnrmarketresearch.com/contacts/375739 .

Europe held the largest share of the overall automated guided vehicle market in 2016 and industries such as automotive and manufacturing are driving the growth of the said market in this region. the market growth is majorly attributed to the growing need for intelligent, simple, and flexible material handling automation systems across sectors.

On the other hand, the market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing production facilities and expansion of plants have enhanced the market for automated guided vehicles across countries in the APAC region.

Automated Guided Vehicle Market, by Type:

  • Unit Load Carriers
  • Tow Vehicles
  • Forklift Trucks
  • Pallet Trucks
  • Assembly Line Vehicles

Automated Guided Vehicle Market, by Navigation Technology:

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

Report also profiles major players in automated guided vehicle market. Some of the major players in this market are Daifuku Co., Ltd.

(Japan), JBT Corporation (U.S.), KION Group (Germany), KUKA AG (Germany), Toyota Industrial Corporation (Japan), Hyster-Yale Materials Handling, Inc. (U.S.), Kollmorgen (U.S.), E&K Automation GmbH (Germany), Seegrid Corporation (U.S.), and SSI Schaefer AG (Germany).

Report at www.rnrmarketresearch.com/contacts/?rname=375739 .

Automated guided vehicles (AGVs) are gaining popularity in the aerospace industry as they facilitate the manufacturing and assembly of the aircraft. AGVs are used for storing parts of aircraft, for picking and handling components during the assembly of aircraft, and for organizing aircraft parts efficiently for fast and reliable access.

Factors such as high capital investments, scarcity of floor space for small manufacturers, and the requirement for skilled workforce are the factors restraining the growth of the global AGV market.

Moreover, AGV offers flexibility and can handle small to large components effectively from the assembly to the transportation operation. Thus, the market for automated guided vehicles in the aerospace industry is estimated to show a high growth rate during the forecast period.

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