At 7.1% CAGR, Automated Guided Vehicle Market Size Poised to Touch USD 1880 million by 2024

The newly released research at Market Study Report titled “2019-2024 Global Automated Guided Vehicle Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Automated Guided Vehicle (AGV) is an unmanned, computer-controlled mobile transport unit used for material handling and transportation in a wide range of industries. Also known as a self-guided vehicle or self-propelled vehicle, an AGV is a vehicle that is powered by a battery or an electric motor and is able to perform tasks without human supervision or operation.

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Automated guided vehicle, which are widely used for material handling in various industries such as automotive, manufacturing, food & beverage, aerospace, healthcare, logistics, retail, and others, have proved to be very useful in catering to the growing need for automation in industrial material handling.

Much of the fast growth in the industry grew out of the desire from companies to reduce operating costs and improve efficiency. During the past five years, industry operators rolled out new high technology products, such as automated pallet trucks that use laser target, gyroscopic, optical and magnetic navigation systems

According to this study, over the next five years the Automated Guided Vehicle market will register a 7.1% CAGR in terms of revenue, the global market size will reach US$ 1880 million by 2024, from US$ 1250 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automated Guided Vehicle business, shared in Chapter 3.

A brief run-through of the industry segmentation encompassed in the Automated Guided Vehicle market report:

Competitive landscape:

Companies involved: Daifuku, Atab, Meidensha, Rocla, Dematic, Egemin, Swisslog, Aichikikai, JBT, DS Automotion, AGVE Group, Seegrid, Aethon, EK AUTOMATION, Toyota, Hitachi, Siasun, CSTCKM, MTD and Yonegy

Vital pointers enumerated:

  • Sales area
  • Distribution
  • Company profile
  • Company overview
  • Products manufactured
  • Price patterns
  • Revenue procured
  • Gross margins
  • Product sales

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:

Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:

  • Product consumption patterns
  • Valuation that each of these regions account for in the industry
  • Market share which every region holds
  • Consumption market share across the geographies
  • Product consumption growth rate
  • Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Automated Guided Vehicle market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape

Product types involved: Unit Load Type, Automated Forklift Type and Tugger Type

Vital pointers enumerated:

  • Market share held by the product
  • Projected valuation of each type
  • Individual product consumption as per value and growth rate
  • Sales value

Application landscape:

Application sectors involved: Production & Manufacturing and Distribution & Logistics

Vital pointers enumerated:

  • Market share held by each application segment
  • Forecast valuation of each application
  • Consumption patterns

The Automated Guided Vehicle market report, with respect to the application spectrum, splits the industry into Production & Manufacturing and Distribution & Logistics, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

Table of Contents

2019-2024 Global Automated Guided Vehicle Consumption Market Report

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Automated Guided Vehicle Consumption 2014-2024

2.1.2 Automated Guided Vehicle Consumption CAGR by Region

2.2 Automated Guided Vehicle Segment by Type

2.2.1 Unit Load Type

2.2.2 Automated Forklift Type

2.2.3 Tugger Type

2.3 Automated Guided Vehicle Consumption by Type

2.3.1 Global Automated Guided Vehicle Consumption Market Share by Type (2014-2019)

2.3.2 Global Automated Guided Vehicle Revenue and Market Share by Type (2014-2019)

2.3.3 Global Automated Guided Vehicle Sale Price by Type (2014-2019)

2.4 Automated Guided Vehicle Segment by Application

2.4.1 Production & Manufacturing

2.4.2 Distribution & Logistics

2.5 Automated Guided Vehicle Consumption by Application

2.5.1 Global Automated Guided Vehicle Consumption Market Share by Application (2014-2019)

2.5.2 Global Automated Guided Vehicle Value and Market Share by Application (2014-2019)

2.5.3 Global Automated Guided Vehicle Sale Price by Application (2014-2019)

3 Global Automated Guided Vehicle by Players

3.1 Global Automated Guided Vehicle Sales Market Share by Players

3.1.1 Global Automated Guided Vehicle Sales by Players (2017-2019)

3.1.2 Global Automated Guided Vehicle Sales Market Share by Players (2017-2019)

3.2 Global Automated Guided Vehicle Revenue Market Share by Players

3.2.1 Global Automated Guided Vehicle Revenue by Players (2017-2019)

3.2.2 Global Automated Guided Vehicle Revenue Market Share by Players (2017-2019)

3.3 Global Automated Guided Vehicle Sale Price by Players

3.4 Global Automated Guided Vehicle Manufacturing Base Distribution, Sales Area, Product Types by Players

3.4.1 Global Automated Guided Vehicle Manufacturing Base Distribution and Sales Area by Players

3.4.2 Players Automated Guided Vehicle Products Offered

3.5 Market Concentration Rate Analysis

3.5.1 Competition Landscape Analysis

3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)

3.6 New Products and Potential Entrants

3.7 Mergers & Acquisitions, Expansion

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