Automatic Guided Vehicles (AGVs) Market growth & Share Report 2030

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Press Release: Global automatic guided vehicles (AGVs) market

Automatic Guided Vehicles (AGVs) market is expected to grow due to the Increasing demand for automation and industry 4.0 technologies.

The market for AGVs is primarily driven by the rising need for automation and Industry 4.0 technologies. Businesses are turning to automation technology, like as AGVs, in order to increase production, decrease operational costs, and improve efficiency. At manufacturing plants, warehouses, and logistics hubs, AGVs provide a dependable and safe means of moving goods. The adoption of AGVs is anticipated to climb further with the emergence of Industry 4.0, which emphasises the integration of cutting-edge technology into the manufacturing process, fuelling market expansion. In general, businesses across a variety of industries are striving to use these technologies to remain competitive in a quickly changing global environment, and this is a primary market driver for AGVs.

There are growing opportunities in theautomatic guided vehicles market due to growing e-commerce industry.

The worldwide e-commerce market has experienced rapid expansion in recent years, and this development is anticipated to continue. Businesses are under additional pressure to deliver items promptly and effectively as more people shop online. As a result, the market for last-mile delivery automation technology, such as AGVs, is expanding. An effective and dependable method of moving items from warehouses to delivery vehicles and subsequently to clients’ doorsteps is through the use of AGVs. As businesses in the e-commerce sector aim to embrace automated solutions to fulfil the increased need for quick and effective delivery, this creates a substantial market opportunity for AGVs. The market is anticipated to rise as a result of the e-commerce sector’s continuing expansion and the possibilities for AGVs in the last-mile delivery segment.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Automatic Guided Vehicles (AGVs) Market is Segmented By Technology Type (Laser Guidance, Magnetic Guidance, Infrared Guidance, Wire Guidance, Inertial Guided, Optical Guided), Application Type (Transportation, Distribution, Storage), Vehicle Type (Unit Load Carrier, Pallet Truck, Assembly Line Vehicle, Tow Vehicle, Forklift Truck, Light Load Transporters), End User (Logistics, Healthcare, Automotive, Manufacturing, Food & Beverages, Aerospace) And Region, Global Trends And Forecast From 2022 To 2029 with Table of Contents

Due to the high initial investment and complex implementation process the automatic guided vehicles market’s growth rate will be further reduced.

A large upfront expenditure is needed to adopt AGVs, which covers the price of the actual vehicles as well as any required hardware and software. For some organisations, especially those with smaller budgets, this may be a hurdle. AGV adoption can cost more money and take longer if the implementation process is complicated and necessitates extensive planning and coordination. As a result, some businesses can be reluctant to invest in AGVs, especially if they’re unsure about the prospective ROI. These elements inhibit the market for AGVs, preventing adoption and slowing expansion. However, it is anticipated that these barriers will be removed and the market for AGVs will continue to expand as the advantages of AGVs are more widely understood and deployment procedures become more efficient and cost-effective.

Asia Pacific region is expected to show higherthe automatic guided vehicles market growth in the forecast period.

The Asia Pacific region provides a substantial market for AGVs due to the region’s constantly growing industrial and logistics industries, as well as the rising use of automation and Industry 4.0 technology. The enormous manufacturing bases and significant expenditures in the transportation and storage infrastructure in countries like China, Japan, South Korea, and India are contributing to the rise in AGV demand. The expanding e-commerce industry in the area is another factor driving the adoption of AGVs, particularly in the last-mile delivery business.

Also, the government in the Asia Pacific region is actively encouraging the adoption of automation technologies like AGVs across a range of industries, which is expected to fuel further market growth. The region’s large population and growing urbanisation are also assisting in fuelling the rise of the AGVs market as more businesses attempt to adopt automated solutions to meet the increased demand for goods and services. A significant market share for AGVs is expected to remain in the Asia Pacific region over the next years.

COVID-19 pandemic had a significant impact on the automatic guided vehicles (AGVs) market.

The market for automated guided vehicles (AGVs) has been significantly impacted by the COVID-19 pandemic. Due to the economic slowdown brought on by the pandemic, some businesses have witnessed a fall in the market for AGVs, but other industries have seen a rise in demand for automation technology, including AGVs. Lockdowns and supply chain disruptions in the manufacturing sector led to the closure or production reduction of numerous factories. For a while, this caused the demand for AGVs to decline. The need for automation technology has grown as industries have reopened and adapted to new safety regulations, and AGV use is anticipated to keep increasing.

Automatic Guided Vehicles (AGVs) Market Key Players

Automatic guided vehicles (AGVs) market key players include Murata Machinery Ltd., TGW LOGISTICS GROUP, Toyota Industries Corp., SSI SCHAEFER Group, Daifuku Co. Ltd., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG, Robotnik, Bastian solutions, Inc.

July 08, 2022: Toyota industries constructed a 10-million unit production capacity for electric compressors.

March 10, 2022: KUKA and Wiksfors Technology announced strategic collaboration.

Key Market Segments: Automatic Guided Vehicles (AGVs) Market

AUTOMATIC GUIDED VEHICLES (AGVS) MARKET BY TECHNOLOGY TYPE, 2020-2030, (USD BILLION, THOUSAND UNITS)

  • LASER GUIDANCE
  • MAGNETIC GUIDANCE
  • INFRARED GUIDANCE
  • WIRE GUIDANCE
  • INERTIAL GUIDED
  • OPTICAL GUIDED

AUTOMATIC GUIDED VEHICLES (AGVS) MARKET BY APPLICATION TYPE, 2020-2030, (USD BILLION, THOUSAND UNITS)

  • TRANSPORTATION
  • DISTRIBUTION
  • STORAGE

AUTOMATIC GUIDED VEHICLES (AGVS) MARKET BY VEHICLE TYPE, 2020-2030, (USD BILLION, THOUSAND UNITS)

  • UNIT LOAD CARRIER
  • PALLET TRUCK
  • ASSEMBLY LINE VEHICLE
  • TOW VEHICLE
  • FORKLIFT TRUCK
  • LIGHT LOAD TRANSPORTERS

AUTOMATIC GUIDED VEHICLES (AGVS) MARKET BY END USER, 2020-2030, (USD BILLION, THOUSAND UNITS)

  • LOGISTICS
  • HEALTHCARE
  • AUTOMOTIVE
  • MANUFACTURING
  • FOOD & BEVERAGES
  • AEROSPACE

AUTOMATIC GUIDED VEHICLES (AGVS) MARKET BY REGION, 2020-2030, (USD BILLION, THOUSAND UNITS)

  • NORTH AMERICA
  • ASIA PACIFIC
  • EUROPE
  • SOUTH AMERICA
  • MIDDLE EAST AND AFRICA

IMPORTANT COUNTRIES IN ALL REGIONS ARE COVERED.