Automated Guided Vehicle Market Worth 2.81 Billion USD by 2022

Mar 29, 2016, 07:30 ET from MarketsandMarkets

PUNE, India, March 29, 2016 /PRNewswire/ --

According to a new market research report "Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape), Battery Type, Industry, Application, & Region - Global Forecast to 2022", published by MarketsandMarkets, the total market is expected to reach USD 2.81 Billion by 2022, at a CAGR of 10.2% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 71 market data Tables and 81 Figures spread through 193 Pages and in-depth TOC on "Automated Guided Vehicle Market".

http://www.marketsandmarkets.com/Market-Reports/automated-guided-vehicle-market-27462395.html

Early buyers will receive 10% customization on this report. 

The automotive industry segment dominates the automated guided vehicle market 

The automotive industry contributes the maximum towards the world economy and is attracting investments from across the world, which in turn creates an opportunity for the automated guided vehicle market. Owing to the rapid growth of the automobile industry, many automobile manufacturers have already incorporated the AGV technology into their automobile or engine assembly line for improving the automation level. Typical applications in automotive include automated raw material delivery, and automated work-in-progress movements between manufacturing cells and finished goods transport.

The lithium-ion battery type segment expected to dominate the automated guided vehicle market during the forecast period 

Among all the battery types that are used in automated guided vehicles for power supply purpose, lithium-ion batteries are currently in high demand due to their cost-effectiveness, high density, light weight, and the ability to maintain capacity in cold temperatures. Also, these batteries can be quickly charged.

APAC expected to grow at the highest CAGR during the forecast period 

The market in APAC is expected to grow at the highest CAGR from 2016 to 2022. Increasing production facilities and expansion of plants have enhanced the market for automated guided vehicles across countries in APAC. The growing popularity as well as superior results delivered by automated systems has also encouraged more companies in the region to increase the deployment of automated material handling systems.

Apart from the market segmentation, the report covers in-depth analysis, including Porter's five forces analysis, value chain with a detailed process flow diagram, and market dynamics, such as drivers, restraints, opportunities, and challenges of the Automated Guided Vehicle Market. It provides a qualitative and quantitative description of the segmentations considered for the market. It also gives a detailed view of the market across four geographical regions, namely, North America, Europe, APAC, and RoW. Europe is the major contributing region in terms of market value for the automated guided vehicle market, whereas APAC has been identified as the fastest-growing region globally.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=27462395

The report profiles top players of the automated guided vehicle market, which include Daifuku Co., Ltd. (Japan), JBT Corp. (U.S.), Bastian Solutions (U.S.), Swisslog Holding AG (Switzerland), Seegrid Corp. (U.S.), Egemin International NV (U.S.), and Dematic GmbH & Co. Ltd. (Germany), among others. The report also analyzes the market trends for each of the market segments and their respective growth rates.

Browse Related Reports 

Automated Storage and Retrieval System (ASRS) Market by Type (Unit load Mini load, Shuttle & Carousel), Industry (Automotive, Food & Beverage, Chemical & Pharmaceutical, E-commerce, & Aerospace), Function & Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/automated-storage-retrieval-system-market-195267987.html

Automated Material Handling Market in Manufacturing by Product (AGV, AS/RS, Automated Crane, Robotic System), System Type, Operation, Application (Automotive, Chemical, Food & Beverages, Healthcare, Metal Manufacturing), and Region - Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets