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automated guided vehicle market

Automated Guided Vehicle (AGV) Market [By Product (Assembly Line Vehicles, Tow Vehicles, Pallet Trucks, Unit Load Carrier, Forklift Truck, Others); By Guidance Technology (Vision Guidance, Inductive Guidance, Laser Guidance, Magnetic Guidance, Laser Guidance); By Application (Assembly, Storage, Distribution, Transportation, Packaging, Others); By Industry (Automotive, Aerospace, Healthcare, Food and Beverage, Manufacturing, Logistics, Retail, Others); By Region]: Market size & Forecast, 2017 – 2026

Published: Jan 2018
Pages: 120
Format: PDF
Report ID: PM1034
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Report Summary

The global Automated Guided Vehicle (AGV) market was valued at USD 1,356.5 million in 2017 and is anticipated to grow at a CAGR of than 11.3% during the forecast period. AGVs are automatic transport systems capable of functioning without human intervention. They are material handling solutions equipped with automated vehicle parts such as carts and pallets along with control software, sensors, guide path, and interfaces. Automated Guided Vehicles are used for lifting, rotating, and transport of various goods in warehouse, logistic, and other production environments. Their different applications include transport of goods at storage and production facilities, retrieval in wholesale trade, supply and disposal of goods at offices and hospitals, and use in assembly platforms among others. They are usually used in tasks requiring high volumes of repetitive movements of material, and little or no human decision-making skills. Use of these guided vehicles increases the overall efficiency and productivity, while reducing costs. They also reduce inventory damage, decrease staffing requirements, and increase profitability. AGVs are used across various industries such as distribution and logistics, manufacturing, food and beverage, automotive, aerospace, and electronics among others.

The global Automated Guided Vehicle market is influenced by increasing demand for automation of processes. Their usage simplify work processes and reduces the burden of repetitive work for humans, thereby enhancing their quality of life. They enable organizations to improve work quality and efficiency, while decreasing operational costs. Increased labor safety concerns, rising need to provide safe working environments in manufacturing industry, growing adoption in small and medium businesses, and technological advancements support the growth of the market. The demand from industries including healthcare, defense, aerospace, and food & beverage is increasing and newer applications are being explored. However, high initial cost, and high switching costs limit the adoption of AGVs in the market. SMEs are hesitant towards the implementation of these vehicles due to the complexity and costs associated with it.

Europe Automated Guided Vehicle Market Share By Product, 2017 - 2026

Europe Automated Guided Vehicle Market Share By Product, 2017 - 2026Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

The global AGV market is segmented on the basis of product, guidance technology, application, industry and region. Based on type of product, the market is segmented into assembly line vehicles, tow vehicles, pallet trucks, unit load carrier, forklift truck, and others. The navigation or guidance technology is categorized by vision guidance, inductive guidance, laser guidance, magnetic guidance, and laser guidance. The application segment is categorized into assembly, storage, distribution, transportation, packaging, others. On the basis of industry, the market is segmented into automotive, aerospace, healthcare, food and beverage, manufacturing, logistics, retail, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, Russia, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Australia, and Rest of Asia-Pacific. Europe accounted for the largest share in the global Automated Guided Vehicle market in 2017.

SAMPLE TABLE
Europe Automated Guided Vehicle Market By Product, 2017 - 2026 
(USD Million)

Europe Automated Guided Vehicle Market By Product, 2017 - 2026 (USD Million)

Competitive Landscape

The companies in the global AGV market are launching new products and expanding their portfolio to cater to the growing market demands. In August 2015, Hitachi Ltd introduced a new technology which has the ability to transport an entire shelf of products in a warehouse. The technology detects movements of shelves to perform self-localization and updates warehouse maps in real time. This technology enables these vehicles to drive autonomously without markers labeled on the floor as guidance.  In 2016, Audi introduced Paula, and automated vehicle for modular assembly. This vehicle has a free navigation unit, which enables automated and autonomous execution of in-house processes. Other leading players in the market include Toyota Industries Corporation, KUKA AG, Daifuku Co. Ltd., Bastian Solutions, Inc., JBT Corporation, Swisslog Holding AG, Seegrid Corporation, Baylo, Inc., EK Automation GmbH, Kion Group AG among others.

Key questions answered by the report

  • What is the current Market Size and Forecasts of Global Automated Guided Vehicle Market
  • What is the market opportunity for Automated Guided Vehicle Industries
  • How big is the market size for applications in the Global Automated Guided Vehicle Market
  • How much is the estimated market for Automated Guided Vehicle in North America and Europe during the forecast period
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this space
  • Which are the major application segments and what traction are they gaining in the market

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Automated Guided Vehicle Market Insights
    1. Automated Guided Vehicle – Industry snapshot
    2. Automated Guided Vehicle - Ecosystem analysis
    3. Automated Guided Vehicle Market Dynamics
      1. Automated Guided Vehicle – Market Forces
        1. Automated Guided Vehicle Market Driver Analysis
        2. Automated Guided Vehicle Market Restraint/Challenges analysis
        3. Automated Guided Vehicle Market Opportunity Analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Automated Guided Vehicle Market PEST Analysis, 2017
      4. Automated Guided Vehicle Market Value Chain Analysis
      5. Automated Guided Vehicle Industry Trends
      6. Competitive Ranking Analysis
  4. Automated Guided Vehicle Market Size and Forecast, 2017-2026 by Product
    1. Key Findings
    2. Pallet Trucks
    3. Forklift Trucks
    4. Unit Load Carriers
    5. Tow Vehicles
    6. Assembly Line Vehicles
    7. Others
  5. Automated Guided Vehicle Market Size and Forecast, 2017-2026 by Guidance Technology
    1. Key Findings
    2. Vision Guidance
    3. Inductive Guidance
    4. Laser Guidance
    5. Magnetic Guidance
    6. Laser Guidance
  6. Automated Guided Vehicle Market Size and Forecast, 2017-2026 by Industry
    1. Key Findings
    2. Automotive
    3. Aerospace
    4. Healthcare
    5. Food and Beverage
    6. Others
  7. Automated Guided Vehicle Market Size and Forecast, 2017-2026 by Application
    1. Key Findings
    2. Assembly
    3. Storage
    4. Distribution
    5. Transportation
    6. Packaging
    7. Others
  8. Automated Guided Vehicle Market Size and Forecast, 2017-2026 by Region
    1. Key Findings
    2. North America
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Rest of Europe
    4. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Rest of Asia-Pacific
    5. Latin America
      1. Brazil
    6. Middle East & Africa
  9. Company Profiles
    1. KUKA AG
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Daifuku Co. Ltd.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Toyota Industries Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Bastian Solutions, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. JBT Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. Swisslog Holding AG
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Seegrid Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Baylo, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. EK Automation GmbH
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Kion Group AG
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for product up to 2026
  • Market revenue estimates for technology up to 2026
  • Market revenue estimates for application up to 2026
  • Market revenue estimates for industry up to 2026
  • Regional market size and forecast up to 2026
  • Company financials

 

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