Automated Guided Vehicle Market to Reach USD 2.68 Billion by 2022: Growth in Flexible Manufacturing Systems & the Increasing Demand for Customized and Intelligent AGVs are Creating Opportunities - Research and Markets

News provided by

Apr 24, 2017, 07:15 ET

DUBLIN, Apr. 24, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Automated Guided Vehicle Market - Global Forecast to 2022" report to their offering.

The overall automated guided vehicle market is expected to reach USD 2.68 Billion by 2022, at a CAGR of 9.34% between 2017 and 2022. The growth of this market is propelled by the advancements in automation, emphasis on workplace safety and higher productivity, and increasing government initiatives in the process and manufacturing industries to track their material handling processes. The growth in flexible manufacturing systems and the increasing demand for customized and intelligent AGVs are creating opportunities for this market.

In 2016, the automotive industry led the market for automated guided vehicles. However, the aerospace industry is expected to show the highest growth rate during the forecast period. Aircraft manufacturers and component suppliers utilize AGVs at their production plants and warehouses to store aircraft parts and for picking and handling components during the assembly of an aircraft to reduce the production cost. Among all the batteries used in automated guided vehicles for power supply, lithium-ion batteries are currently in high demand due to their cost-effectiveness, high density, light weight, and their ability to maintain capacity in cold temperatures. These batteries can also be quickly charged.

Various navigation technologies such as laser, magnetic, inductive, optical tape, and so on are used to navigate the automated guided vehicles within the production facilities of the concerned industries. Among these technologies, the laser guidance technology is the most popular technology. Different types of AGVs are deployed in the industrial areas for various applications such as transportation, distribution, storage, assembly, and packaging.

Companies Mentioned

Daifuku Co. Ltd.
EK Automation GmbH
Fetch Robotics
Greyorange PTE Ltd.
Hyster-Yale Materials Handling, Inc.
Invia Robotics, Inc.
JBT Corporation
Kion Group AG
Kollmorgen
KUKA AG
Locus Robotics, Inc.
Seegrid Corporation
SSI Schafer AG
Toyota Industries Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Automated Guided Vehicle Market, By Type

8 Automated Guided Vehicle Market, By Navigation Technology

9 Automated Guided Vehicle Market, By Battery Type

10 Automated Guided Vehicle Market, By Industry

11 Automated Guided Vehicle Market, By Application

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/pqsmxf/automated_guided

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets