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Automatic Guided Vehicles Market

Global Automatic
Guided Vehicles
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Report Description
As the industrialization is growing globally, the need for automation is growing in parallel
with it as well. Industries such as automotive, food & beverages, manufacturing,
healthcare, logistics and aerospace require extensive automation for various day to day
operations. Material handling is the one of the day to day operation that requires
accuracy and agility.
Automotive guided vehicles are used for material handling in various
industries. Automotive guided vehicles are robots that use magnets, lasers, markers,
vision to navigate. They are used at manufacturing plants or warehouses to move
materials. Manufacturing facility and warehouses use automotive guided vehicles to
increase the efficiency by reducing the time required to move materials and at the same
time reducing the costs as well. Some of the operational usages of automotive guided
vehicles are: moving materials and store the raw materials or finished products.
The safety concerns and growth in the industrialization is propelling the growth of global
automotive guided vehicles market.
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Automatic Guided Vehicles Market: Drivers and Challenges
Growth in industries such as automotive, manufacturing, aerospace, food & beverages
and healthcare is fueling the growth of global automatic guided vehicles market.
Automotive guided vehicles help manufacturing plants and warehouses to reduce the
Report Description
costs and increase the efficiency of the moving & stowing operations. Stringent
government regulations pertaining to the safety are also propelling the growth of the
global automatic guided vehicles market. As the global economy is expected to grow in
the near future, the per capita income & consumption in expected to grow as well.
Growing population with the high per capita income is propelling the growth for the
global guided vehicles market. Automatic Guided Vehicles Market: Overview
The global automatic guided vehicles market by value is expected to expand at a CAGR of
around 10–11% during the forecast period (2015-2025), due to rise in the automation in
industries such as automotive, food & beverages, manufacturing, healthcare, logistics
and aerospace.
Automatic Guided Vehicles Market: Segmentation
The global automatic guided vehicles market can be segmented by end-use industry, by
type, by application and by regions
Based on end-use industry type, the global automatic guided vehicles market is
segmented as:
•Food & Beverages
Report Description
Based on type, the global automatic guided vehicles market is segmented as:
•Tow vehicle
•Assemble line vehicle
•Pallet truck
•Unit load carrier
Based on application, the global automatic guided vehicles market is segmented as:
Though, the importance of the automatic guided vehicles is on the rise in developed
economies, they have moderate awareness among underdeveloped or developing
countries and this is inhibiting the growth for the global automatic guided vehicles
Automatic Guided Vehicles Market: Region-wise Outlook
The global automatic guided vehicles market is expectedto register a double-digit CAGR
for the forecast period. Depending on geographic regions, global automatic guided
Report Description
vehicles market is segmentedinto seven key regions: North America, Latin America,
Eastern Europe, Western Europe, Asia-Pacific Excluding Japan, Japan, and Middle East &
Africa. In terms of market revenue, North America automatic guided vehicles market is
projectedto register a significant CAGR during the forecast period. Growth in the
industries such as automotive, healthcare & manufacturing and stringent government
safety norms, are some of the factors which are fueling the growth of automatic guided
vehicles market in North America. Western Europe and Asia Pacific are also forecast to
register a significant growth in the global automatic guided vehicles market.
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Automatic Guided Vehicles Market: Key Players
Some of the key market participants in global automatic guided vehicles market are JBT
Corporation, Swisslog Holding AG, Daifuku Co.Ltd, Dematic GmbH & Co., and Egemin
International N.V.
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