In a recent published report, Kenneth Research has updated the Asia Pacific Automated Guided Vehicle (AGV) Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia Pacific Automated Guided Vehicle (AGV) Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020
Asia Pacific automated guided vehicle (AGV) market will grow at a 2020-2026 CAGR of 12.14% with an addressable cumulative market value of $6.87 billion over the next 7 years.
Highlighted with 35 tables and 60 figures, this 130-page report “Asia Pacific Automated Guided Vehicle (AGV) Market 2020-2026 by Offering, Vehicle Type, Navigation Technology, Battery Type, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific automated guided vehicle (AGV) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2026. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific automated guided vehicle (AGV) market in every aspect of the classification from perspectives of Offering, Vehicle Type, Navigation Technology, Battery Type, Application, Industry Vertical, and Country.
Based on offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Service & Support
Based on vehicle type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Tow Vehicles
• Unit Load Carriers
• Forklift Vehicles
• Pallet Trucks
• Assembly Line Vehicles
• Hybrid Vehicles
• Other Vehicles
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Based on navigation technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Optical Tape Guidance
• Laser Guidance
• Natural Features Guidance
• Vision Guidance
• Magnetic Guidance
• Inductive Guidance
Based on battery type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Lead Battery
• Lithium-Ion Battery
• Nickel-based Battery
Based on application, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Trailer Loading and Unloading
• Other Applications
Based on industry vertical, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Manufacturing Industries (Automotive, Electrical and Electronics, Chemical and Pharmaceuticals, Plastics and Polymers, Food and Beverage, Aerospace, Others)
• Commercial Venues (E-commerce, Retail Stores, Grocery Stores, Hotels and Restaurants, Others)
• Military and Defense
• Other Verticals
Geographically, the following national/local markets are fully investigated:
• South Korea
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
For each of the aforementioned countries, market analysis and revenue data are available for 2019-2026. The breakdown of major national markets by Vehicle Type, Application, and Industry Vertical over the study years (2019-2026) is included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific automated guided vehicle (AGV) market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Bastian Solutions, Inc.
Daifuku Co., Ltd.
Egemin Automation Inc.
Fetch Robotics, Inc.
Hyster-Yale Group, Inc.
inVia Robotics, Inc.
KMH Systems, Inc.
Schaefer Systems International, Inc.
Swisslog Holding Ltd.
System Logistics Spa
Toyota Industries Corporation
(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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