Automated Guided Vehicle (AGV) Market to Reach $1.5 Billion by 2024 - Growing Focus on Industrial Automation - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Automated Guided Vehicle (AGV) Market Analysis By Type, By Navigation Technology, By Application, By End-Use Industry And Segment Forecasts Till 2024" report to their offering.

The automated guided vehicle (AGV) market is expected to reach USD 1.5 billion by 2024. The growing focus on industrial automation, worldwide, is expected to contribute to the revenue growth.

The manifold advantages offered by AGVs, such as reduction in the operational cost, decrement in the production time, and enhanced workforce safety, are substantially energizing the industry growth prospects. These vehicles offer dynamic design solutions that pertinently replace the conventional conveyor systems and their associated high costs.

Innovative technologies, such as laser, vision, and natural guidance, are instrumental in creating a high potential for the automated guided vehicle market growth. AGVs with such advanced wireless navigation technologies help in eliminating the need for expensive retrofitting, which is one of the primary factors behind their adoption.

This escalating demand for material handling equipment is projected to drive the market growth over the forecast period. Firms, operating in the warehouse businesses, are focusing on increasing spending on these vehicles to meet the growing demand for their services and to improve the efficiency of their operations.

Companies Mentioned:

  • Bastian Solutions, Inc.
  • Baylo, Inc.
  • Daifuku Co., Ltd.
  • Dematic Corp.
  • Egemin Automation, Inc.
  • EK Automation
  • Hyster-Yale Group, Inc.
  • JBT Corporation
  • KMH Systems, Inc.
  • Kollmorgen
  • Seegrid Corporation
  • Swisslog Holding AG
  • Toyota Industries Corporation

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Market Snapshot

4. AGVs Industry Outlook

5. AGVs Type Outlook

6. AGVs Navigation Technology Outlook

7. AGVs Application Outlook

8. AGVs End-use Industry Outlook

9. AGVs Regional Outlook

10. Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/hpmhdb/automated_guided

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Car Electronics and GPS, Industrial Automation

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Car Electronics and GPS, Industrial Automation