In a recent published report, Kenneth Research has updated the market report for Automated Guided Vehicle Market 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 Automated Guided Vehicle Market products.
The Automated Guided Vehicle Market in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.
Automated Guided Vehicles, as the name suggests, are the vehicles which are controlled by the computer without the need of an actual driver onboard and are used on shop floors for material handling operations. In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Due to the introduction of Industry 4.0 policy industries have realized the significance of an automated and connected factory environment. Reduced labor cost, increased productivity and accuracy, zero human error are few of the reasons why the demand of AGV’s is going to increase in the forecast period. Although, high initial cost is proving to be one of the major restraining factors but these costs translate into High ROI in the long run.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Automated Guided Vehicle Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
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Global Timing Devices Market Competitive Landscape
The “Global Automated Guided Vehicle Market” study report will provide a valuable insight with an emphasis on global market including some of the major players as follows:
>> SSI Schaefer
>> Vanderlande Industries
>> National Instruments
>> Goodwill Instruments
>> Yokogawa Electric
>> Rigol Technologies
>> Toyota Industries Corporation
>> Bastian Solutions LLC
>> Egemin Automation Inc.
>> Hyster-Yale Materials Handling Inc.
>> JBT Corporation
>> E&K Automation GMBH
>> Swisslog Holding AG
>> Oceaneering AGV Systems
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Automated Guided Vehicle Market, By Type
>> Tow Vehicle
>> Forklift Truck
>> Unit Load Carrier
>> Assembly Line Vehicle
>> Pallet Truck
Global Automated Guided Vehicle Market, By Navigation Technology
>> Magnetic Guidance
>> Laser Guidance
>> Inductive Guidance
>> Optical Tape Guidance
>> Vision Guidance
Global Automated Guided Vehicle Market, By Battery Type
Global Automated Guided Vehicle Market, By Vertical
>> Industrial Products
>> Food Industry
>> Building and Construction
Global Automated Guided Vehicle Market, By Application
>> Food and Beverages
Global Automated Guided Vehicle Market, Geographic Scope
>> North America
o Rest of Europe
>> Asia Pacific
o Rest of Asia Pacific
>> Latin America
>> Rest of the World
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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
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