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Automated Guided Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Automated guided vehicles form the backbone of modern material management and material handling industry. Automated guided vehicle are self operated, driverless computer controlled vehicle fitted with guidance and collision avoidance system that can move materials and tools from one place to another without any human intervention. Durability of the vehicles, ease in operation and vehicle reliability are the key factors on which the quality of the automated guided vehicle depends. Automated guided vehicles finds application in different industries such as logistics, manufacturing, retail, food and beverage, healthcare, aerospace and others. Automated guided vehicles are acting as a catalyst for the material handling industry as these vehicles helps in material management and complex material handling across all industries. Burgeoning population, increase in consumption expenditure and the moving preference of the industries towards automation are the major drivers driving the automated guided vehicle market globally. Moreover increase in automation in all the industries leads to lower cost of production. In addition to this, safety in operation of these vehicles, increase in productivity, optimization in material handling and industrial expansions are also responsible for the growth of automated guided vehicles. Growth in the e-commerce industry serves as a major opportunity for the market which is expected to drive the market in the future.

Asia-Pacific is the most attractive region for automated guided vehicle market. The significant increase in industrialization owing to bulk material handling requirements in the Asia-pacific region is driving the market for automated guided vehicles. In addition, the adoption of latest technology in the form of completely automated manufacturing and material handling process further drive the automated vehicle market in this region. Automation in material handling with the use of automated guided vehicles leads to efficient material handling with less cost of production. This leads to increase in bulk material handling capability without compromising on cost and thus drives the market. The escalating demand for timely production requirements and increased need for productivity in the manufacturing sector in the emerging countries like India and China is also driving the growth of automated guided vehicle market due to low cost of production.. The North America and Europe market for automated guided vehicle is expected to grow at a steady pace over the forecast period. Steady recovery from the recent economic meltdown is responsible for the growth in the manufacturing and industrial sector in North America which is driving the market for automated vehicle market in the region. Increase in demand for automation technology in pharmacy and hospital applications is driving the automated guided vehicle market in Europe. Moreover there is a shift in Europe manufacturing sector from manual labor material handling to automated material handling with the help of automation. This is also increasing the demand for automated guided vehicle in the Europe market. Europe market faced steep challenge in the recent economic meltdown and is recovering at a steady pace which has also increased the demand for automation in industries significantly.

Global key participants in the industry include Bastian Solutions LLC, Daifuku Co. Ltd, Dematic Gmbh & Co. KG, Egemin Automation Inc, EK Automation, Hyster-Yale Materials Handling Inc, JBT Corporation, Seegrid Corporation, Swisslog Holding AG and Toyota Industrial Equipment.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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