Across industries, logistics and transportation departments are utilising automated guided vehicles to move items in manufacturing facilities, warehouses, and distribution centres. During the forecast period, the global automated guided vehicle market is expected to grow at a staggering 12.5% CAGR (2020 - 2030). Innovation and new developments in automated guided vehicle installation, control, and monitoring will continue to gain traction. The growing importance of reducing carbon emissions through the implementation of energy efficient intermediate manufacturing processes is a key growth driver for the automated guided vehicles market.
To remain ‘ahead’ of your competitors, request for a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=4711
Global Automated Guided Vehicle Market: In-Depth Assessment on Key Segments
The global automated guided vehicle market is segmented on the basis of vehicle type, navigation technology, battery, application, end-use and region.
· By Vehicle Type :
- Tow Vehicles
- Unit Load Carriers
- Pallet Trucks
- Assembly Line Vehicles
- Forklift Trucks
- Other Types
· By Navigation Technology :
- Laser Guidance
- Magnetic Guidance
- Inductive Guidance
- Optical Tape Guidance
- Vision Guidance
- Others
· By Battery :
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
· By Application :
- Transportation
- Storage
- Distribution
- Assembly
- Packaging
- Waste Handling
· By End-Use :
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace
- Healthcare
- Logistics
- Retail
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Takeaways from the Market Study on Automated Guided Vehicles
· Tow vehicles are poised to take the lead, with the vehicle type segment accounting for a whopping 44% of total market value. The elimination of floor accidents, combined with tow vehicle adaptability for narrow paths, is driving demand for this vehicle type segment.
· With a stellar 15% CAGR during the forecast period, forklift trucks will offer the most lucrative growth opportunities. The increasing complexity of warehouse space management necessitates the use of precision automated guided forklift trucks by manufacturing units.
· Among the navigation technologies used by automated guided vehicles, laser guidance is emerging as the frontrunner. Because of the efficiency and availability of this navigation technology in major markets, this segment accounts for 47% of the total market value.
· Vision guidance navigation provides the most potential for growth. The increasing demand from the oil and gas industries for safe and efficient exploration machines is a key factor in this segment's 14% growth during the forecast period.
· Lead batteries have the largest market share, accounting for more than 65% of total market value. The early adoption of this battery type, combined with a favourable durability:price ratio, is the primary driver of this segment's growth.
· Nickel batteries offer the most lucrative opportunities, with a staggering 14.5% CAGR during the forecast period. Nickel batteries' high energy density is cited as the primary growth driver for this segment.
Reasons to choose a Fact.MR:
- Exhaustive research regarding the market to offer A to Z information.
- Digital technologies to provide innovative business solutions to clients.
- 24/7 availability of services.
- Interaction with suppliers, vendors, and service providers for a precise market landscape.
- Reports tailored as per the requirements of the clients.
Read More Insights: https://www.factmr.com/report/4711/automated-guided-vehicle-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
