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Increasing demand for automation in the handling of raw materials and increasing safety standards in workplace are the significant drivers of the market.
Market Size – USD 3.00 Billion in 2021, Market Growth – CAGR of 7.1% between 2021 and 2030, Market Trends – Industrial growth in emerging economies and emerging e-commerce industry
The Automated Guided Vehicle (AGV) market is expected to grow from USD 3.00 Billion in 2021 to USD 5.46 Billion by 2030, at a CAGR of 7.1%. The crucial factors that drive the growth of the AGV market include increasing demand for automation in the handling of materials across industries, the emerging e-commerce industry, increasing requirements for safety standards in the workplace and increased productivity due to improved supply chain processes.
High initial costs can be a major concern for those who consider the deployment of automated guided vehicles, which can lead to long – term high return on investment (ROI).
Low labor costs in emerging countries and technical challenges in real time can create more problems for AGV manufacturers.
The significant players in the market are SSI Schaefer (Germany), EK Automation (Germany), JBT Corporation (US), Toyota Industrial (Japan), Daifuku (Japan), Hyster-Yale Materials Handling (US), KUKA (Germany), KION Group (Germany), Kollmorgen (US), Seegrid Corporation (US), and others.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Automated Guided Vehicle (AGV) Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Automated Guided Vehicle (AGV) Market.
Further key findings from the report suggest
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the market on the basis of type, navigation technology, industry, application, battery type and region.
Type Outlook (Revenue, USD Billion, 2019-2030)
Navigation Technology Outlook (Revenue, USD Billion, 2019-2030)
Application Outlook (Revenue, USD Billion, 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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Key Advantages of Automated Guided Vehicle (AGV) Report:
Conclusively, all aspects of the Automated Guided Vehicle (AGV) Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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The post Global Automated Guided Vehicle (AGV) Market Size Hit USD 5.46 Billion at a CAGR of 7.1% in 2030 |SSI Schaefer (Germany), EK Automation (Germany) appeared first on Market O Graphics.
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