AGV Market

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AGV Market Research Report By Forecast 2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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AGV Market Forecast To 2025
AGV Market Forecast To 2025
AGV Market is expected to be valued at USD
5,579.3 Million by 2025, with a CAGR of 9.85
during the forecast period (20192025). The
report covers segmentations and drivers for a
better glimpse of the market in the coming years.
Automated guided vehicle is a computer controlled
and battery-powered load carrier that runs in a
warehouse or on the plant floor without the need
of an onboard operator or driver. AGVs can
improve efficiency and productivity as well as
they can reduce product damage and labor costs.
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AGV Market Forecast To 2025
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of AGV
Market Forecast To 2025

• AGVs are useful in various operational
  applications such as pallet transportation of
  goods, loading and handling, pallet wrapping,
  tracking of cartons and products, and barcode
  scanning. They are used in various end-use
  industries, which include logistics
  distribution, automotive, electrical
  electronics, pharmaceuticals, food beverage,
  and plastics polymers. There are various types
  of AGVs, and they are tow vehicle, unit load
  carrier, forklift vehicle, assembly, line
  vehicles, and pallet trucks.

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AGV Market Forecast To 2025
Global AGV Market Segmented on the basis of
The global market for automated guided vehicle is
segmented based on vehicle type, technology,
application and industry. On the basis of vehicle
type, the tow vehicle segment is expected to
dominate the global market. Tow AGVs work to add
and remove the non-powered vehicles to/from the
AGV vehicle at designated stops along a path can
navigate a basic loop or a more complicated
preprogrammed pathway, but typical towing
vehicles do not reverse and need the looping
system. The non-powered vehicles that are
generally towed by towing vehicles include quad
steer carts, wagon wheel style trailers, hospital
carts, dollies, hand trucks, and maintenance
carts and are useful for applications such as
heavy lifting, tugging or towing, load
transferring, pallet loading and unloading, and
load positioning. Such factors are expected to
drive the growth of the tow vehicle segment
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AGV Market Forecast To 2025
Global AGV Market - Geographical Analysis
Geographic analysis of the global AGV Market
spans across North America, Europe, Asia-Pacific
(APAC), and Rest of the World. In 2018, Europe
dominated with a value of USD 1,084.8 Million.
The regional market value is expected to reach
USD 1,940.5 Million by 2025 with an impressive
8.77 CAGR during the forecast period. Europe is
one of the prominent markets in the global AGV
Market due to the increasing utilization of
industrial and domestic space and rapid
technological advancements in robotics and
automation.The increase in demand for electronics
and retail products and the growing automotive
industry supports the pace of supply of products.
The growing food beverage, electronics,
automotive, and construction industries increase
the demand for AGVs. Furthermore, many other
industries are associated with the e-commerce
retail industries for distribution, which makes
it an important economic growth driver. Moreover,
advantages such as time-efficiency, precision,
and accuracy offered by AGVs across various
industries, including automobile and
manufacturing are expected to increase their
demand.
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AGV Market Forecast To 2025
Global AGV Market - Competitive Analysis

• Some of the key industry participants of the
  global AGV Market are KUKA AG (Germany), Toyota
  Industries Corporation (Japan), Daifuku Co., Ltd
  (Japan), SSI SCHÄFER (US), EK Automation GmbH
  (Germany), JBT corporation (US),KION GROUP AG
  (Germany), Crown Equipment Corporation (US),
  SCOTT (New Zealand), Meidensha Corporation
  (Japan), Seegrid Corporation (US), Hyster-Yale
  Materials Handling, Inc.(US), Jungheinrich AG
  (Germany).
• KUKA invests heavily in the research and
  development of innovative products to compete in
  the market. The company also engages in the
  research development activities through KUKA
  laboratories, which develops and markets products
  in the field of service robotics. The company has
  collaborated with various other technology
  companies to sustain and expand its market
  presence. e in the market.

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