Worldwide Industry for Automated Guided Vehicles to 2027 - Incorporation of Industry 4.0 Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automated Guided Vehicle Market by Type, Navigation Technology, Application, Industry and Mode of Operation: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Automated guided vehicles (AGVs) are defined as portable robots or load carriers that travel along the floor without onboard driver or operator with the help of navigation technology such as laser and vision guided technologies. These vehicles is used to decrease damage to goods, an increase work efficiency, and automate operations to achieve high productivity.

In addition, AGVs are an integral part of modern logistics as they are adopted to autonomously handle and transport goods without any onboard operator. Further, these types of vehicles can be easily integrated into warehouses and requires less integration effort.

The market is anticipated to witness significant growth over the years, owing to incorporation of industry 4.0 and rise in demand for automated guided vehicles in various industries.

The automated guided vehicle market is segmented on the basis of type, navigation technology, application, industry, mode of operation, and region. By type, the market is classified into tow-vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks. By navigation technology, market is divided into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others. By application, it is categorized into transportation, distribution, storage, assembly, packaging, and waste handling. By industry, it is analyzed across automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, retail, and others. On the basis of mode of operation, it is classified into indoor and outdoor. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits for Stakeholders

• This study presents the analytical depiction of the global automated guided vehicle market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Market Dynamics

Drivers

• Surging Demand for Automation and Automated Guided Vehicles (AGVs) in Various Industries.
• Reduction of Labor Cost in Organizations
• Increase in Safety, Accuracy and Productivity

Restraint

• Lack of Flexibility of Automated Guided Vehicles.
• High Initial Investment Cost

Opportunities

• Incorporation of Industry 4.0.

Companies Profiled

• Balyo
• Daifuku Co. Ltd.
• E&K Automation GmbH
• Invia Robotics, Inc
• Jbt
• Kuka AG
• Oceaneering International, Inc
• Seegrid Corporation
• Ssi Schaefer
• Toyota Material Handling

For more information about this report visit https://www.researchandmarkets.com/r/bspsj7