Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automated Guided Vehicle Market Research Report -

Automated Guided Vehicle Market Share, Size, Trends, And Business Opportunity Analysis Report 2019
include historic data, with forecast data to 2025. Automated Guided Vehicle Industry report is helpful
for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And
Global market size, share, Growth, Trends, key players forecast to 2025.
An automated guided vehicle (AGV) is a moveable robot that trails along marked lines or wires on the
floor, or uses radio waves, vision cameras, magnets, or lasers for navigation. They are frequently used in
pulp & paper, metals, newspaper, and manufacturing industries to transport heavy materials around a
large industrial building, such as a factory or warehouse. A trailer is attached to the AGV, to move raw
materials or finished products. An AGV is also called as a laser guided vehicle (LGV), whereas in Germany
it is known as Fahrerlose Transport system (FTS). AGVs offer various benefits, including minimal human
operation, less injuries, efficiency, and a high return on investment.
The global automated guided vehicle (AGV) market is expected to grow at a CAGR of 7.8% over the
forecast period. The growing e-commerce industry, increasing adoption of industrial automation by
small and medium scale enterprises (SMEs), rising demand for automation in material handling due to
growing industrial sectors, expansion of the manufacturing sector in Asia Pacific, increased safety
regulations in the workspace, and the growing concern over the safe transport of all types of products
and materials are some of the key factors driving the global market.
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Segmentation
The global automated guided vehicle market is segmented on the basis of vehicle type, technology,
application, industry, and region. On the basis of vehicle type, the global market has been segmented
into tow vehicle, unit load carrier, fork lift vehicle, pallet trucks, assembly line vehicles, and others. On
the basis of technology, the global market has been segmented into traditional guidance, laser guidance,
natural features guidance, inductive guidance, and vision guided vehicle. On the basis of application, the
global market has been segmented into transportation, distribution, assembly, roll handling, and others.
On the basis of industry, the global market has been segmented into automotive, electrical &
electronics, logistics & distribution, pharmaceuticals, plastics & polymers, food & beverage, and others.
Regional Analysis
Geographically, the global automated guided vehicle market has been segmented into four major
regions- North America, Europe, Asia-Pacific, and the rest of the world. Europe is held the largest share
in global automated guidance vehicle market in 2018 and is projected to grow at a significant rate during
forecast period. This can be attributed to the growing demand for material handling equipment across
the region. However, Asia-Pacific is expected to witness the highest growth during the forecast period
due to the growing e-commerce industry, developing manufacturing sector, and growing adoption of
AGVs in China and India due to the growing automotive and electronics industries. The growing
investment by manufacturers in emerging economies in the Middle East & Africa and South America is
also a factor that helps propel the growth of this market.
Key Players