Automated Guided Vehicles Global Market to Reach $3.6 Billion by 2030: Focus on Implementing High Standards of Safety at Workplaces Favors the AGV Market

Dublin, March 29, 2023 (GLOBE NEWSWIRE) -- The "Automated Guided Vehicles: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Automated Guided Vehicles estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.

Forklift Truck, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$1.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Tow Vehicle segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $448.7 Million, While China is Forecast to Grow at 8.5% CAGR

The Automated Guided Vehicles market in the U.S. is estimated at US$448.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$661.6 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$431.1 Million by the year 2030.

Select Competitors (Total 73 Featured) -

• ABB
• Amerden Inc.
• Balyo, Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Hyster-Yale Materials Handling, Inc.
• Jungheinrich AG
• John Bean Technologies Corporation
• KION Group AG
• Dematic Group
• Konecranes India Pvt. Ltd.
• KUKA AG
• Swisslog Holding AG
• Murata Machinery, Ltd.
• Seegrid Corporation
• SSI Schaefer - Fritz Schaefer GmbH
• Toyota Industries Corporation
• Vanderlande Industries
• Universal Robots A/S

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Automated Guided Vehicle (AGV)
• Types of Automated Guided Vehicles
• Forklift Truck
• Tow Vehicle
• Pallet Truck
• Other Types of AGVs
• Navigation Technology in AGVs
• Applications of AGVs
• Advantages of AGVs
• Standards for AGVs
• Focus on Automation & Production Efficiency, the Foundation for Growing Investments in AGV
• Tow Vehicles: The Largest Vehicle Type Segment in the Global AGV Market
• Asia-Pacific to Spearhead Future Growth, while the US and Europe Dominate AGV Market
• Global Economic Outlook
• Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
• Automated Guided Vehicles - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Focus on Implementing High Standards of Safety at Workplaces Favors AGV Market
• Forklifts-related Accidents Raise Need for AGVs: Percentage Breakdown of Number of Fatalities Attributed to Forklift by Type of Accident in the US
• AGVs: The Future of Manufacturing World
• AGVs Assist in Enhancing Operational Efficiency of Factories
• AGV Systems Promise to Transform the Logistics Marketplace
• AGVs Transforming Intralogistic Processes in Factory Automation Space
• Rapidly Growing Logistics Industry Presents Favorable Outlook for AGVs Market
• Global Logistics Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
• AGVs Offer Significant Benefits for Warehousing Operations
• With Global E-Commerce Sales Skyrocketing, Emergence of E-Commerce Warehouses and Need to Automate Supply Chain Spurs Investments into AGVs
• Robust Growth Anticipated for E-Commerce: An Opportunity to Tap for AGVs Market
• Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
• Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
• Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019E
• Rapid Adoption of Automation Technologies in Material Handling Processes Fuel AGVs Market Growth
• AGVs Emerge as Important Constituents of Industry 4.0 Revolution and Shift towards Smart Manufacturing Facilities
• As Industry 4.0 and Logistics 4.0 Come Together, AGVs to Play an Even Greater Role
• Advancements Lead to Expanded Opportunities for AGVs
• AGV System in Healthcare Settings: An Area of Growth
• AGVs Increase Productivity in Maritime Industry
• Automotive Industry: A Major End-Use Market for AGVs
• Enabling Flexible and Efficient Production Operations: A Significant Advantage of AGVs in Automotive Industry
• Navigation Technologies for AGVs in Automotive Assembly Lines
• Automotive Companies Take the Lead in Automation of Automated Guided Vehicles
• Increase in Automobile Production: An Opportunity for AGVs Market
• Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
• AGVs Adoption in Food & Beverage Manufacturing Bolstered by Flexibility, Scalability and Safety Advantages and Ability to Address Labor Shortage
• Top Reasons for Adoption of AGVs in Food & Beverage Manufacturing
• Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020
• Global Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
• Charging of Battery-Operated AGVs Becomes a Challenge for Warehouses
• With Electrically-driven AGVs Becoming Integral to Logistics Applications, Need for Sophisticated Charging Systems Gains Prominence
• Growing Significance of AGVs in Process Automation Gives Rise to Safety Concerns
• Emergence of Advanced Navigation Systems to Result in Greater Scalability and Flexibility of AGVs
• Advances in Motion Control Technology to Play a Critical Role in Enhancing Efficiency and Reducing Footprint of AGVs
• New Technologies with Tremendous Potential for AGVs Market
• AGVs to Benefit from the Increasing Implementation of AI in Factories
• Smart Technologies such as AI, IoT and Machine Learning Foster Development of Faster and Smarter AGVs
• AGVs Address the Needs of SMEs
• Issues Related to the Use of AGVs for Material Handling Applications
• Autonomous Vehicles: The Ultimate Future of Material Handling Automation
• Innovations & Advancements
• Numerous Benefits Provided by AGVs to Drive their Adoption
• ILIAD Project Seeks to Integrate Artificial Intelligence into Autonomous Forklifts
• ASTI and 5TONIC Team Up to Research on Application of 5G Technology to AGVs
• Rocla Develops New AGV Solution, Rocla ART, for Warehousing Operations
• Mecfor Unveils AGV Prototype for Use in Aluminum Smelters

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ckwnsp

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• Global Market for Automated Guided Vehicles