automated guided vehicle (agv) market

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automated guided vehicle (agv) market Research
Report By Forecast 2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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automated guided vehicle (agv) market Forecast To
2025
automated guided vehicle (agv) market Forecast To
2025
Global automated guided vehicle (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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automated guided vehicle (agv) market Forecast To
2025
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automated guided vehicle (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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automated guided vehicle (agv) market Forecast To
2025
Global automated guided vehicle (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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automated guided vehicle (agv) market Forecast To
2025
Global automated guided vehicle (agv) market -
Geographical Analysis
Geographic analysis of the global automated
guided vehicle (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 automated guided vehicle (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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automated guided vehicle (agv) market Forecast To
2025
Global automated guided vehicle (agv) market -
Competitive Analysis

• Some of the key industry participants of the
  global automated guided vehicle (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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