Global Automated Guided Vehicle (AGV) Market Outlook to 2023: Projected to Expand at a CAGR of 11.89% - ResearchAndMarkets.com

DUBLIN--()--The "Automated Guided Vehicles Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The automated guided vehicle market is projected to grow at a CAGR of 11.89% during the forecast period of 2017-2023.
The economic environment is really competitive, especially, with the level and scope globalization increasing steadily, even among the developing region. This is resulting firms in different industry vertical to focus on reducing the cost and optimize the overall operation.
In fact, the material handling is one of the major components of a business process that dictates the profitability of a firm. Automating the material handling process allows the organization to focus on the core task more comprehensively. Additionally, it allows the companies to reduce the development time by increasing the transfer of the required from one to place to another.
The use of automated guided vehicle is more prevalent in areas which require handling and transportation of large volume of material repeatedly and where the requirement of human skill is trivial. This allows the companies to significantly reduce the material transfer related human injuries, resulting in the compliance of the organization to different work safety regulations.
Regional Outlook North America automated guided vehicle market is projected to significantly during the forecast period on account of the anticipated increase in the production related activity in the country, on account of the improvement in the business environment.
Similarly, the market in Asia Pacific is estimated to grow rapidly as a result of the adoption of automated solutions in the developing part of the region.
Simultaneously, the anticipated improvement in the economic environment of Europe will drive the automated guided vehicle market while the recovery of the South American region is supplementing the overall growth.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Automated Guided Vehicles Market by Type

6. Automated Guided Vehicles Market by Industry Vertical

7. Automated Guided Vehicles Market by Geography

8. Competitive Intelligence

9. Company Profiles

  • JBT
  • Dematic Group Limited
  • Toyota Industries
  • Transbotic Corporation
  • Murata Machinery Ltd.
  • Locus Robotics
  • Swisslog Holding Ltd.
  • KUKA AG
  • Seegrid Corporation
  • Kollmorgen

For more information about this report visit https://www.researchandmarkets.com/research/dxj6w2/global_automated?w=4

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Related Topics: Industrial Automation

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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
Related Topics: Industrial Automation