Automated Guided Vehicle (AGV) Market

Global Automated Guided Vehicle (AGV) Market is valued at USD 4.21 Billion in 2020 and is expected to reach USD 10.28 Billion by 2027 with a CAGR of 13.6% over the forecast period.

Global Automated Guided Vehicle (AGV) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Growing demand for automation solutions in material handling processes in different industries, increasing adoption of automated guided vehicles from the retail sector, and rising Covid-19 cases are the major factors driving the growth of the Global Automated Guided Vehicle (AGV) Market

Scope of Automated Guided Vehicle (AGV) Market Report:

An automated guided vehicle also called an autonomous mobile robot (AMR) which is load transporters that travel along the floor of a facility without a locally available driver or operator. Their development is coordinated by a combination of programming and sensor-based guidance systems. Since they persist on an expected path with definitively controlled speed increase and deceleration and incorporate automatic obstruction detection bumpers, AGVs give safe development of loads. These are portable robots that can track with checked long queues or wires on the floor, or uses radio waves, vision cameras, magnets, or lasers for navigation. They are regularly utilized in industrial applications to move heavy materials around a huge industrial structure, like an industrial facility or warehouse.

These vehicles can tow objects behind them in trailers to which they can independently attach. The trailers can be utilized to move raw materials or completed items. The AGV can likewise store objects on a bed. The objects can be put on a bunch of mechanized rollers (transport) and afterward moved off by turning around them. AGVs are utilized in essentially every industry, including newspaper, pulp, metals, paper, and common manufacturing. Shipping materials like food, cloth, or medication in emergency clinics is also done.

During the Covid-19 pandemic, the automated guided vehicles market confronted enormous losses because of the closure of manufacturing facilities and low or negligible interest from the end-users in the business. The Covid-19 has brought different chances for the worldwide AGV market as it helps businesses with continuing their production activities. For example; in June 2020, In India, IIT Kharagpur's AGV research group students have developed a minimal expense AI-equipped cyber-physical AGV for checking social distance in public places.

Automated Guided Vehicle Manufacturers

• Swisslog Holding AG
• Daifuku Co., Ltd.
• Dematic
• Seegrid Corporation
• JBT
• Bastian Solutions, Inc.
• Hyster-Yale Materials Handling, Inc.
• BALYO, KMH Fleet Solutions
• Kollmorgen,
• Locus Robotics
• TOYOTA INDUSTRIES CORPORATION
• E&K Automation GmbH
• Scott and others.

Automated Guided Vehicle (AGV) Market Segmentation:-

Global automated guided vehicle (AGV) market is segmented on the basis of type, battery type, navigation technology, application, end-user and region & country level. Based upon type, the global automated guided vehicles (AGV) market is divided into unit load carrier, two vehicles, pallet truck, forklift truck, hybrid vehicle and others. Based upon battery type, the market is classified into lithium-ion battery, nickel-based battery and other. Based on navigation technology, the global automated guided vehicles (AGV) market is classified into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance and other. Based upon application, the market is classified into logistic & warehousing, packaging, assembly, trailer loading & unloading, raw material handling and others. Based upon end-user, the automated guided vehicles (AGV) market is classified into automotive, food & beverages, chemicals, healthcare, metal & heavy machinery, aviation, e-commerce, 3PL and others.

By Type:

• Unit Load Carrier
• Tow Vehicle
• Pallet Truck
• Forklift Truck
• Hybrid Vehicle
• Others

By Battery Type:

• Lithium-Ion-Battery
• Nickel-Based Battery
• Other

By Navigation Technology:

• Laser Guidance
• Magnetic Guidance
• Inductive Guidance
• Optical Tape Guidance
• Vision Guidance
• Other

By Application:

• Logistic & Warehousing
• Packaging
• Assembly
• Trailer Loading & Unloading
• Raw Material Handling
• Others

By End-User:

• Automotive
• Food & Beverages
• Chemicals
• Healthcare
• Metal & Heavy Machinery
• Aviation
• E-commerce
• 3PL
• Others

Growing Demand for Automation Solutions in Material Handling Processes in Different Industries, Increasing Adoption of Automated Guided Vehicles from the Retail Sector and Rising Covid-19 Cases are Driving the Market Growth

One of the major factors driving the growth of global automated guided vehicle (AGV) market is growing demand for automation solutions in material handling processes in different industries. The expanding need for high productivity in medical services, food & beverages, automotive, and e-commerce, among others is boosting the demand for automated guided vehicles. Industrial facilities benefit from the AGV-empowered automation, which can meet the needs identified with the decrease of production time and further developing the material handling capacity. Additionally, it is also going to reduce the possibilities of human errors and upgrade the security of people, while ensuring production volumes and furthermore expanding repeatability and accuracy. Utilizing automated guided vehicles likewise allows for computerized control of collected parts, without a moment to delivery of raw materials, and furthermore the exact tracking of shipped goods. Therefore, this is fostering the demand for automation in materials across handling processes in different industries, subsequently fuelling the market development. For example; the SEAT plant in Martorell, Spain, is pushing toward a digitalized and smart industrial facility, and the manufacturer embraced AGVs with SLAM navigation, 4G connection, and acceptance battery charging. As of now, the facility adopted eight automated guided vehicles for open air activity and has north of 200 AGVs that deliver parts inside the assembly workshops at the Martorell and Barcelona production lines.

In addition, another factor supplementing the growth of global automated guided vehicle (AGV) market is the growing adoption of automated guided vehicles from the retail sector. The e-commerce industry all around the world is developing at a high speed, particularly in areas like online retailing joined with high metropolitan density and raised client expectations for more limited delivery times. Because of the expanding client requests, retail organizations and manufacturers are moving to novel material handling and automated solutions. Automated guided vehicles facilitate the growing pressure faced by online retailers for transportation client orders proficiently with diminished satisfaction costs. This is expected to foster the development of the market.

Furthermore, rising Covid-19 cases also drive the growth of global automated guided vehicle (AGV) market. In the middle of the continuous outbreak of Covid-19 across the locale, hospitals have additionally been seen progressively utilizing AGVs for delivering drugs to the patients while decreasing human interventions. For example; in March 2020, Homagama Base Hospital in Sri Lanka has referenced of deploying AVG for helping the treatment of people suspected for Covid-19 infection.

However, high initial investment and maintenance cost may hamper the market growth. In spite of that, increasing adoption of automation technology in AGV can provide various opportunities for the further growth of the global automated guided vehicle (AGV) market.

Automated Guided Vehicle (AGV) Market Regional Analysis

North America is Expected to Dominate the Global Automated Guided Vehicle (AGV) Market

North America is expected to dominate the global automated guided vehicle (AGV) market owing to various factors such as the growing investment in automated warehousing solution, rising e-commerce industry and advancement in technology in this region. Growing investment in automated warehousing solution may drive the market in this region. Also, rising advancement in technology also is supplementing the market growth. For instance; in April 2020, EK Robotics dispatched the VARIO MOVE transport vehicle. It comprises of a drive unit, which is flexibly equipped with various load handling connections through widespread interfaces.

The Asia Pacific is the fastest-growing region in the global automated guided vehicle (AGV) market due to the rising demand of e-commerce and increasing Covid-19 cases in this region. With the expanding e-commerce interest in arising nations like India, China, and adjoining nations, the e-commerce organizations have fundamentally been sending AGVs at the warehouses. For example; in 2019, Flipkart has declared to 340 little AGVs at its warehouse in India. During Covid-pandemic, hospitals have additionally been seen progressively utilizing AGVs for delivering medications to the patients while diminishing human interventions. For instance; in October 2020, in India, a group of new alumni and technology students have developed an AGV for the Covid-19 clinic block of the Karnataka Institute of Medical Sciences (KIMS).

News: Continental Developed Autonomous Automated Guided Vehicles to Optimize Production
On December 10th, 2020; German technology organization Continental developed autonomous transport to speed up the proficiency of its production. The organization conveyed in-house constructed autonomous Automated Guided Vehicles (aAGV) in the creation of brake systems that can move weighty loads of over a ton. These aAGVs are getting tired at Continental areas in Zvolen (Slovakia) and Frankfurt am Main (Germany). The first automated vehicles in the improvement stage are presently test-driving autonomously there among start and destination, moving material for brake production. These autonomous Automated Guided Vehicles (aAGVs) can ship weighty loads of over a ton and consequently increment the effectiveness of production and the whole worth chain.

On Special Requirement Pressure Sensors Market Report is also available for below Regions and Country:

The regions covered in global automated guided vehicle (AGV) market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of automated guided vehicles (AGV) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.

North America

• S.
• Canada

Europe

• Germany
• France
• K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 210.7 Million
Base year considered	2020
Forecast Period CAGR %:	3.8%
Market Size Expected in 2027:	USD 250.6 Million
Tables, Charts & Figures:	175
Pages	200
Automated Guided Vehicle Manufacturers	Swisslog Holding AG, Daifuku Co., Ltd., Dematic, Seegrid Corporation, JBT, Bastian Solutions, Inc., Hyster-Yale Materials Handling, Inc., BALYO, KMH Fleet Solutions, Kollmorgen, Locus Robotics, TOYOTA INDUSTRIES CORPORATION, E&K Automation GmbH, Scott and others.
Segments Covered	By Type, By Battery Type, By Navigation Technology, By Application, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Automated Guided Vehicle (AGV) Market Report-

• Global Automated Guided Vehicle (AGV) Market report covers in-depth historical and forecasts analysis.
• Global Automated Guided Vehicle (AGV) Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Automated Guided Vehicle Manufacturers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Automated Guided Vehicle (AGV) Market report helps to identify opportunities in the marketplace.
• Global Automated Guided Vehicle (AGV) Market report covers extensive analysis of emerging trends and competitive landscape.