Automated Guided Vehicle industry size, share trends, growth, demand, opportunities and forecast by 2028

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The automated guided vehicle market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.1% in the forecast period of 2020 to 2028 and is expected to reach USD 4,746.71 million by 2028.

Market Overview

Automated guided vehicles also known as autonomous guided vehicles or self-guided vehicles are driverless vehicles that are used for handling materials or as load carriers in warehouse, manufacturing facility or distribution centre. Automated guided vehicles are used for various applications such as transportation of raw material or finished goods, for work in process, or lifting and handling of products.

The major players covered in the global automated guided vehicle market report are System Logistics S.p.A. (a subsidiary of Krones AG), SCAGLIA INDEVA s.p.a., Murata Machinery, Ltd., Konecranes, Guangdong Jaten Robot & Automation Co.,Ltd., Jungheinrich AG, Scott, Oceaneering International, Inc., Dematic (a subsidiary of KION GROUP AG), DF Automation & Robotics Sdn Bhd, E&K Automation GmbH, Daifuku Co., Ltd., JBT, TOYOTA INDUSTRIES CORPORATION, KUKA AG, Seegrid Corporation, Fritz SCHÄFER GmbH & Co KG, Eckhart and Kollmorgen (a subsidiary of Danaher) among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Explore Further Details about This Research SEmi-Autonomous and Autonomous Vehicle Market Report

https://www.databridgemarketresearch.com/reports/global-semi-autonomous-and-autonomous-vehicle-market

Automated Guided Vehicle Market Scope and Market Size

The automated guided vehicle market is segmented on the basis of type, navigation technology, battery type, application and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

· On the basis of type, the automated guided vehicle market is segmented into tow vehicles, unit load carriers, forklift trucks, pallet trucks, assembly line vehicle and others. In 2021, tow vehicles segment is dominated and forklift trucks segment is expected to grow at higher rate as forklift trucks generates larger revenue for the market.

· On the basis of navigation technology, the automated guided vehicle market is segmented into magnetic guidance, laser guidance, vision guidance, optical tape guidance, inductive guidance and others. In 2021, magnetic guidance segment holds the largest market share in navigation technology segment as it provides cost effective solution.

· On the basis of battery type, the automated guided vehicle market is segmented into lead, lithium ion, nickel based and others. In 2021, lead segment account for the highest market share in battery type segment as these are the most used product.

· On the basis of application, the automated guided vehicle market is segmented into work in process, handling raw materials, pallet handling, final product handling, container handling, roll handling, trailor loading and others. In 2021, work in process segment is dominating segment in application type due to the growing requirement for continuous movement of goods during the manufacturing process in each industry.

· On the basis of industry, the automated guided vehicle market is segmented into manufacturing, logistics, retail, food & beverages, healthcare, paper & printing, tobacco, chemical and others. In 2021, manufacturing segment dominates the industry segment owing to major companies in the region which have large manufacturing plants and assembly.

Automated Guided Vehicle industry size, share trends, growth, demand, opportunities and forecast by 2028

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