What is Automated Guided Vehicles Market?
Automated guided vehicles, also known as self-guided vehicles, are driverless, mobile vehicles programmed to travel autonomously throughout a warehouse, distribution center, or manufacturing facility for transport materials. It has a high demand for many warehouse applications across numerous industries to compensate for employee shortages, reduce labor costs, and increase warehouse efficiency.
The market study is being classified by Type (Unit Load Carrier, Pallet Truck, Tow Vehicle, Assembly Line Vehicle and Others), by Application (Transportation, Packaging, Assembly, Distribution, Storage and Others) and major geographies with country level break-up.
JBT (United States), Toyota Motor Corporation (Japan), Bastian Solutions (United States), Swisslog Holding AG (Switzerland), Daifuku Co., Ltd. (Japan), Hyster-Yale (United States), SSI Schaefer (Germany), E&K Automation (Germany), Oceaneering (United States), Murata Machinery (Japan), KNAPP (Austria), Seegrid (United States), AGV International (Netherlands), Addverb Technologies (India), America in Motion (United States), Meiden America (United States), Grenzebach (United States), Rocla (Finland) and Denbach Robot (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Uncease Automation (India), ECA (France), Scott Automation (New Zealand), Redviking (United States), IKV Robot (China) and Echkart (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automated Guided Vehicles market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Automated Guided Vehicles market by Type, Application and Region.
On the basis of geography, the market of Automated Guided Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Automation in Material Handling Processes Across Industries
- Improving Safety Standards at the Workplaces
- Shifting Demand from Mass Production to Mass Customization
- High Initial Investment Costs
- High Installation, Maintenance and Switched Costs
- Industrial Growth in Emerging Economies
- Rising Popularity of E-commerce
- Technical Challenges Related to Sensing Elements
Key Target AudienceAutomated Guided Vehicles Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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