Automated Guided Vehicles (AGVs) Market was estimated at USD 1.87 billion in 2021, and is projected to reach USD 2.99 billion by 2028, growing at a CAGR of 6.9%.
The market for Automated guided vehicles (AGVs) includes the worldwide industry that develops, produces, and implements guided vehicles that are used for material handling and transportation in a range of industrial and commercial contexts. AGVs are autonomous, self-guiding vehicles that carry out activities without the need for human assistance by navigating predetermined routes and making use of technologies like sensors, computer systems, and lasers.
Without interacting with people, a self-driving car can assess its surroundings and make making judgments in accordance with them without consulting anyone. In order to distinguish the road signal and pathway from the surroundings, a variety of sensors are combined. Because it uses less gasoline, is safer, more mobile, and more customer-satisfied, an autonomous car is more advantageous than a typical car in terms of cost. The main advantage of self-driving cars is a marked decrease in traffic accidents. Human mistake, such as distracted driving, impaired judgment, or other errors in judgment, accounts for more than 90% of all accidents. Accidents should decrease when self-driving cars make decisions and communicate with one another.
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Leading players involved in the Automated Guided Vehicles (AGVs) Market Market include:
JBT Corporation,Kuka AG,Daifuku Co Ltd,Kion Group AG,Omron Adept Technologies INC,AGVE Group Inc,Murata Machinery,Transbotics Corporation,Oceaneering International Inc,Seegrid Corporation,Murata Machinery,SSI Schaefer,AVT Europe NV,Cassioli Srl,Toyota Industries Corporation,Robotnik,Kollmorgen,E&K Automation GMBH,BEUMER Group GmbH & Co KG,Mecalux,S.A,Bastian Solutions Inc.and other major players.
The latest report on the Automated Guided Vehicles (AGVs) Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Automated Guided Vehicles (AGVs) Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Diet Fiber Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Automated Guided Vehicles (AGVs) Market Market:
By Type
- Tow Vehicles
- Unit Load Carriers
- Pallet Trucks
- Assembly Line Vehicles
- Others
By Navigation Technology
- Laser Guidance
- Magnetic Guidance
- Inductive Guidance
- Others
By Application
- Logistics & warehousing
- Assembly
- Packaging
- Raw material handling
- Others
An in-depth study of the Automated Guided Vehicles (AGVs) Market industry for the years 2021–2028 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.
By Regions: -
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Key Benefits of Automated Guided Vehicles (AGVs) Market Market Research:
- Research Report covers the Industry drivers, restraints, opportunities and challenges
- Competitive landscape & strategies of leading key players
- Potential & niche segments and regional analysis exhibiting promising growth covered in the study
- Recent industry trends and market developments
- Research provides historical, current, and projected market size & share, in terms of value
- Market intelligence to enable effective decision making
- Growth opportunities and trend analysis
- Covid-19 Impact analysis and analysis to Automated Guided Vehicles (AGVs) Market market
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