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Abstract, Snapshot, Market Analysis & Market Definition: Global Automated Guided Vehicles Market The global Automated Guided Vehicle (AGV) market size was valued at USD 2.49 billion in 2018 and is projected to expand at a CAGR of 15.8% from 2019 to 2025. AGVs can deliver numerous benefits, particularly augmenting the efficiency of warehousing operations and logistics management processes. Deploying them for repetitive material handling tasks can also allow enterprises to save on labor costs and reassign staff on other essential tasks, such as enhancing customer satisfaction. Automated guided vehicles can carry out material handling operations reliably and effectively. These vehicles are equipped with various accessories and devices, such as smart sensors and load protection devices, which can aid in improving efficiency and reducing product damages. AGVs can also be programmed using software tools to follow specific paths and undertake specific tasks as well as track movement of goods in material handling and supply chain operations, thereby augmenting the productivity and efficiency further. Tasks such as material handling, pallet handling, and finished product handling tend to involve safety concerns. Some material handling and pallet handling operations, particularly those requiring workers to handle heavy and bulky goods, are often labor-intensive and involve safety hazards. Deploying automated guided vehicles on such tasks can help in avoiding any potential mishaps or accidents and ensuring safer operations. Although high initial costs can be a major concern for those considering deployment of automated guided vehicles, these high initial costs can translate into a high return on investment (ROI) in the long term. For instance, deploying five AGVs in three shifts can lead to potential savings worth USD 1.56 million during five years of operation. Moreover, the ROI can be realized within 16 months. Market Segmentation, Outlook & Viewpoint: Global Automated Guided Vehicles Market Vehicle Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Tow Vehicles Unit Load Carrier Pallet Truck Forklift Truck Hybrid Vehicles Others Navigation Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Heat Map for Choosing Navigation Laser Guidance Magnetic Guidance Vision Guidance Inductive Guidance Natural Navigation Others Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Logistics and Warehousing Transportation Distribution Cold Storage Wholesale & Distribution Cross-docking Assembly Packaging Trailer Loading and Unloading Raw Material Handling Others End-Use Industry Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Manufacturing Sector Automotive Aerospace Electronics Chemical Pharmaceuticals Plastics Defense FMCG Tissue Others Wholesale and Distribution Sector E-commerce Retail Chains/Conveyance Stores Grocery Stores Hotels and Restaurants Component Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Hardware Software Service Battery Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Lead Battery Lithium-Ion Battery Nickel-based Battery Others Key Players, Recent Developments & Regional Insights: Global Automated Guided Vehicles Market Based on application, the market has been segmented into logistics and warehousing, assembly, packaging, trailer loading and unloading, raw material handling, and others. The logistics and warehousing segment has been further segmented into transportation, distribution, cold storage, wholesale & distribution, and cross-docking. While the logistics and warehousing segment generated the highest revenue in 2018, the assembly segment is expected to witness the maximum CAGR of 19.2% over the forecast period. Enterprises upgrading their existing facilities and building new facilities are aggressively adopting new retrieval and automated storage systems and other material handling equipment as part of their efforts to save on labor costs and enhance efficiency and productivity. Logistics and warehousing firms are trying to retain their competitiveness by opting for compact layouts, taller racks, and narrow aisles within their facilities. At the same time, they are also trying to boost the efficiency of their operations in line with rising demand for their services. These firms are deploying automated guided vehicles as they can maneuver accurately and efficiently through compact layouts and narrow aisles and also enhance reliability of the storage process and save on labor costs. End-Use Insights Based on end-use industry, the market has been segmented into manufacturing sector and wholesale & distribution sector. The manufacturing sector is sub-segmented into automotive, aerospace, electronics, chemical, pharmaceuticals, plastics, defense, FMCG, tissue, and others. While, the wholesale & distribution sector is sub-segmented into e-commerce, retail chains/conveyance stores, grocery stores, and hotels & restaurants. Growing adoption of AGVs across various industries can be attributed to the benefits they offer in terms of productivity, safety, and accuracy. AGVs are equipped with laser heads, cameras, and other sensors, which help them in operating safely around structures, machinery, and employees. While operators are prone to making errors that can lead to accidents and mishaps, AGVs can help in improving accuracy of workflows, thereby reducing waste and augmenting productivity. Aerospace and defense production facilities tend to be massive owing to the size of the components, such as nacelles, engine pods, fuselages, and wings, among others. However, the paths through which these components are moved within the facility tend to be narrow. Human errors while moving heavy components through these narrow paths could lead to mishaps and accidents. Aerospace and defense companies are deploying AGVs so that heavy components can be moved within the manufacturing facility on predefined routes and any such events stemming from human errors can be avoided. Regional Insights Europe dominated the global market in 2018 and is projected to remain the dominating regional market over the forecast period. The market is primarily driven by increasing demand for material handling equipment and rapid adoption of automation solutions by incumbents in the manufacturing industry. The e-commerce industry has been growing considerably in emerging economies, such as China and India. This is prompting several e-commerce companies to consider a foray in these regional markets. Competition in the e-commerce industry is intensifying subsequently and industry incumbents are trying to differentiate themselves by reducing the time taken for product delivery. Deploying AGVs in warehouses can help e-commerce companies in automating intralogistics tasks, such as sorting and picking, thereby augmenting efficiency. Automated Guided Vehicle (AGV) Market Share Insights The key industry participants in the market include Swisslog Holding Ltd.; Egemin Automation Inc.; Bastian Solutions, Inc.; Daifuku Co., Ltd.; Dematic Corp.; JBT Corporation; Seegrid Corporation; Toyota Industries Corporation; Hyster-Yale Group, Inc.; Balyo Inc.; EK Automation; Kollmorgen; KMH Systems, Inc.; Elettric80 SpA; Fetch Robotics, Inc.; inVia Robotics, Inc.; Locus Robotics; Schaefer Systems International, Inc.; System Logistics Spa; and Transbotics. Increasing collaborations and mergers & acquisitions are expected to maximize the environmental and economic benefits for the market players by enabling them to share ideas and enhance their internal skills and technologies. For instance, in April 2018, Locus Robotics announced a partnership with E2 Solutions, Inc., a supply chain firm and IT consulting provider. The partnership was aimed at integrating the former company’s warehouse robotics solution with the latter’s HighJump Warehouse Management System (WMS). This integration is expected to help provide a complete end-to-end warehouse management solution to clients and partners jointly. Key Insights Covered: Global Automated Guided Vehicles Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automated Guided Vehicles industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automated Guided Vehicles industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automated Guided Vehicles industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automated Guided Vehicles industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automated Guided Vehicles industry. Research Methodology: Global Automated Guided Vehicles Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.2 Market Definition 1.3 Information Procurement 1.3.1 Purchased database 1.3.2. HCC’s Internal Database 1.3.3 Secondary sources & third-party perspectives 1.3.4 Primary research 1.4 Information analysis 1.4.1 Data analysis models 1.5 Market formulation & data visualization 1.6 Data validation & publishingChapter 2 Executive Summary 2.1 Market Outlook 2.2 AGVs - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.1.1 Global automated guided vehicle market, | read more...