HOME Top Market Reports Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape), Battery Type, Industry, Application, & Region - Global Forecast to 2022

Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape), Battery Type, Industry, Application, & Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: SE 3351

 

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The automated guided vehicle market is expected to reach USD 2.81 Billion by 2022, growing at a CAGR of 10.2% between 2016 and 2022. The growth of this market is propelled by advances in automation, emphasis on workplace safety, and the growing need to cut down operational cost and increase productivity. The base year considered is 2015, and the forecast period for the market has been considered between 2016 and 2022.

The growing need of automation in the material handling processes across sectors, such as automotive, manufacturing, food & beverage, aerospace, healthcare, logistics, and retail, is the prime reason for the growth of the automated guided vehicle market. The growth in flexible manufacturing system and increasing demand for customized & intelligent AGVs are creating opportunities for this market. The report covers major segments of the market, which are by type, navigation technology, battery type, industry, application, and region. The market size estimations for these segments are provided in this report, with key trends and market dynamics related to these segments also covered under separate chapters.

This research study also involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology is explained below.

  • Analysis of all the industries in which automated guided vehicles are used worldwide
  • Analysis of various types of automated guided vehicles sold in different regions and the technologies used in the vehicles
  • Estimation of percentage share of automated guided vehicles in terms of type, navigation technology, battery type, industry, application, and region
  • Analysis of the market trends in various regions and countries, supported by the ongoing R&D in these regions
  • Overall market size finalized by triangulation with supply-side data, including product developments, supply chain, and estimated sales of automated guided vehicles 

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region conducted during the research study.

Automated Guided Vehicle Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights regarding ecosystem of this market, such as research & product development, manufacturing & assembly, system integrators, and end users. The key players of the automated guided vehicle market are Daifuku Co., Ltd. (Japan), JBT Corp. (U.S.), Bastian Solutions (U.S.), Swisslog Holding AG (Switzerland), Seegrid Corp. (U.S.), Egemin International NV (U.S.), and Dematic GmbH & Co. Ltd. (Germany).

Target Audience

  • AGV Manufacturers
  • Manufacturers of Components like Sensors, Microcontrollers, RFID Modem, and related accessories
  • Professional Services/Solutions Providers
  • End-users
  • Material Handling Industry Standard Organizations and Regulatory Authorities
  • Research Institutes and Organizations
  • Associations of Material Handling
  • Government Bodies, Venture Capitalists, and Private Equity Firms

The market covered in this report has been segmented as follows:

Automated Guided Vehicle Market, by Type:

  • Unit Load Carrier
  • Tow Vehicle
  • Pallet Truck
  • Assembly Line Vehicle
  • Others

Automated Guided Vehicle Market, by Navigation Technology:

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Others

Automated Guided Vehicle Market, by Battery Type:

  • Lead
  • Nickel-based
  • Lithium-ion
  • Others

Automated Guided Vehicle Market, by Industry:

  • Automotive
  • Manufacturing
  • Food & Beverage
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Others

Automated Guided Vehicle Market, by Application:

  • Transportation
  • Distribution
  • Storage
  • Assembly
  • Packaging
  • Others

Automated Guided Vehicle Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers the following customization options available for the report.

Geographical Analysis

  • Country-wise breakdown of all the regions by industry

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand-Side Analysis for the Global Automated Guided Vehicle Market
                    2.2.1.1 Increasing Adoption of Robotics Across Industries
                    2.2.1.2 Increased Number of Manufacturing Facilities
                    2.2.1.3 Increasing Demand of Automated Guided Vehicles in Material Handling Industry
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the Global Automated Guided Vehicle Market
    4.2 Automated Guided Vehicle Market, By Type
    4.3 Automated Guided Vehicle Market in Asia-Pacific
    4.4 The U.S. Held the Largest Share in the Global Automated Guided Vehicle Market
    4.5 Automated Guided Vehicle Market, By Navigation Technology
    4.6 The Life Cycle Analysis, By Region

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Automated Guided Vehicle Market, By Type
           5.3.2 Automated Guided Vehicle Market, By Navigation Technology
           5.3.3 Automated Guided Vehicle Market, By Battery Type
           5.3.4 Automated Guided Vehicle Market, By Industry
           5.3.5 Automated Guided Vehicle Market, By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growing Demand for Automation and Material Handling Equipment in Various Process Industries
                    5.4.1.2 Rising Demand for Automation is Leading to New Avenues for AGVs
                    5.4.1.3 Replacement of Conventional Batteries With Lithium-Ion Based Batteries
                    5.4.1.4 High Labor Cost, Owing to Scarcity of Labor
                    5.4.1.5 Growing Emphasis on Workplace Safety and Increased Productivity By Industries
           5.4.2 Restraints
                    5.4.2.1 High Capital Investments
                    5.4.2.2 High Switching Cost
           5.4.3 Opportunities
                    5.4.3.1 Emergence of Flexible Manufacturing Systems (FMS)
                    5.4.3.2 Increased Demand for Intelligent and Customized Automated Guided Vehicles
           5.4.4 Challenges
                    5.4.4.1 Need to Reduce Market Delivery Time

6 Industry Trends (Page No. - 57)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Degree of Competition
    6.4 Strategic Benchmarking
           6.4.1 Technology Integration and Product Enhancements

7 Automated Guided Vehicle Market, By Type (Page No. - 68)
    7.1 Introduction
    7.2 Unit Load Carrier
           7.2.1 Unit Load Carriers Help in Reducing Product Damages and Aisle Traffic, and Increasing Material Handling Efficiency
    7.3 Tow Vehicle
           7.3.1 Material Transportation Capacity of Tow Vehicles is More Than Other Automated Guided Vehicles
    7.4 Pallet Truck
           7.4.1 Increasing Adoption of Pallet Trucks in Distribution Application Across Varied Industries
    7.5 Assembly Line Vehicle
           7.5.1 Assembly Line Vehicles Offer Flexibility in Manufacturing Processes By Allowing Parallel Operations
    7.6 Others
           7.6.1 Increasing Demand of Customized Automated Guided Vehicles Across Varied Industries

8 Automated Guided Vehicle Market, By Navigation Technology (Page No. - 82)
    8.1 Introduction
    8.2 Laser Guidance
           8.2.1 Laser Guidance is the Most Popular Form of Guidance System.
    8.3 Magnetic Guidance
           8.3.1 This System Which is Very Similar to Inductive Guidance Can Be Suitable to All Environmental Conditions
    8.4 Inductive Guidance
           8.4.1 Inductive Or Wire Guidance is One of the Oldest Forms of Guidance System
    8.5 Optical Tape Guidance
           8.5.1 Optical Tap Guidance is Expected to Grow at A High Rate During the Forecast Period
    8.6 Others

9 Automated Guided Vehicle Market, By Battery Type (Page No. - 90)
    9.1 Introduction
    9.2 Lead
           9.2.1 Lead Batteries Accounted for the Largest Market Share in 2015
    9.3 Nickel-Based
           9.3.1 Requirement of Low Maintenance is One of the Major Benefits of Nickel-Based Batteries
    9.4 Lithium-Ion
           9.4.1 Lithium-Ion Batteries in AGVs are Expected to Grow at A Tremendous Rate During the Forecast Period
    9.5 Others

10 Automated Guided Vehicle Market, By Industry (Page No. - 98)
     10.1 Introduction
     10.2 Automotive
             10.2.1 Automated Guided Vehicles Have Become the Key Component for Material Handling in the Automotive Industry
     10.3 Manufacturing
             10.3.1 Automated Guided Vehicles Help in Reducing Production Costs and Improving Quality of Goods in the Manufacturing Industry
     10.4 Food & Beverages
             10.4.1 Increasing Demand of Processed Food Across the Globe Drives the Market for Automated Guided Vehicles in the Food & Beverages Industry
     10.5 Aerospace
             10.5.1 Automated Guided Vehicles Provide Intelligent Material Handling Solutions That Improve Production Efficiency in the Aerospace Industry
     10.6 Healthcare
             10.6.1 Automated Guided Vehicles in Hospitals Help in Reducing Labor Costs and Increasing Safety
     10.7 Logistics
             10.7.1 Increasing Adoption of Automated Guided Vehicles From Third-Party Logistic Providers
     10.8 Retail
             10.8.1 Growth in E-Commerce & Retail Industries Drives the Market for Automated Guided Vehicles
     10.9 Others
             10.9.1 Increasing Demand for Automated Guided Vehicles From Printing & Paper, Textiles, and Plastic Industries

11 Automated Guided Vehicle Market, By Application (Page No. - 116)
     11.1 Introduction
     11.2 Transportation
             11.2.1 Cost Effectiveness and Efficiency of Automated Guided Vehicles is Leading to Its Increased Adoption
     11.3 Distribution
             11.3.1 Automated Guided Vehicles Reduce Manpower Cost and Offer Accuracy in Order Fulfilment
     11.4 Storage
             11.4.1 Automated Guided Vehicles Offer Efficient Storage of Materials Across Varied Industries
     11.5 Assembly
             11.5.1 Automated Guided Vehicles Improve Productivity and Quality of Products During Assembly Operation
     11.6 Packaging
             11.6.1 Automated Guided Vehicles Provide Flexibility and Efficiency in Packaging Operations
     11.7 Others

12 Geographic Analysis (Page No. - 129)
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
                        12.2.1.1 U.S. is the Largest Market for AGVs in the North American Region
             12.2.2 Canada
                        12.2.2.1 Canada is the Second-Largest Market for AGVs in the North American Region
             12.2.3 Mexico
                        12.2.3.1 Developments in Infrastructure Leading Towards Increased Demand for Automation of Processes in Mexico
     12.3 Europe
             12.3.1 U.K.
                        12.3.1.1 U.K. is the Largest Market for AGVs in the European Region
             12.3.2 Germany
                        12.3.2.1 High Investments in R&D Activities Driving the Automated Guided Vehicle Market in Germany
             12.3.3 France
                        12.3.3.1 Demand for Automation of Material Handling Processes is Boosting the Growth of Automated Guided Vehicle Market in France
             12.3.4 Rest of Europe
     12.4 Asia-Pacific (APAC)
             12.4.1 China
                        12.4.1.1 China is the Market Leader in the Automated Guided Vehicle Market in the Asia-Pacific Region
             12.4.2 Japan
                        12.4.2.1 Simplest Forms of AGVs are Prevalently Used in Japan
             12.4.3 India
                        12.4.3.1 The Country is Witnessing Remarkable Developments in the Automated Guided Vehicle Market
             12.4.4 Australia
                        12.4.4.1 The Automated Guided Vehicle Market in Australia is Estimated to Grow at the Highest CAGR During the Forecast Period
             12.4.5 South Korea
                        12.4.5.1 Well-Established Players are Expanding Their Business Base in the Country
             12.4.6 Rest of Asia-Pacific
     12.5 Rest of the World (RoW)

13 Competitive Landscape (Page No. - 149)
     13.1 Overview
     13.2 Market Ranking Analysis for the Automated Guided Vehicle Market, 2015
     13.3 Competitive Situation and Trends
     13.4 Competitive Trends
             13.4.1 Partnerships, Joint Ventures, and Contracts
             13.4.2 New Product Launches
             13.4.3 Mergers & Acquisitions
             13.4.4 Expansions
             13.4.5 Others

14 Company Profiles (Page No. - 157)
(Overview, Products and Services, Financials, Strategy & Development)*
     14.1 Introduction
     14.2 Swisslog Holding AG
     14.3 JBT Corporation
     14.4 Daifuku Co., Ltd.
     14.5 Egemin International NV
     14.6 Dematic GmbH & Co. Kg
     14.7 Bastian Solutions, Inc.
     14.8 Toyota Industrial Equipment
     14.9 Hyster-Yale Materials Handling, Inc.
     14.10 Ek Automation
     14.11 Frog AGV Systems B.V.
     14.12 Kollmorgen
     14.13 Seegrid Corporation
     14.14 Elettric 80 S.P.A.
     14.15 Balyo

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

15 Appendix (Page No. - 185)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (71 Tables)

Table 1 Country Wise Ranking of Manufacturing Output, 2001 & 2013
Table 2 Porter’s Five Forces Analysis: Overall Impact on the Market is Currently Medium
Table 3 Automated Guided Vehicle Market, By Type, 2014–2022 (USD Million)
Table 4 Automated Guided Vehicle Market, By Type, 2014–2022 (Thousand Units)
Table 5 Unit Load Carrier Market, By Industry, 2014–2022 (USD Million)
Table 6 Unit Load Carrier Market, By Region, 2014–2022 (USD Million)
Table 7 Tow Vehicle Market, By Industry, 2014–2022 (USD Million)
Table 8 Tow Vehicle Market, By Region, 2014–2022 (USD Million)
Table 9 Pallet Truck Market, By Industry, 2014–2022 (USD Million)
Table 10 Pallet Truck Market, By Region, 2014–2022 (USD Million)
Table 11 Assembly Line Vehicle Market, By Industry, 2014–2022 (USD Million)
Table 12 Assembly Line Vehicle Market, By Region, 2014–2020 (USD Million)
Table 13 Other Automated Guided Vehicle Types Market, By Industry, 2014–2022 (USD Million)
Table 14 Other Automated Guided Vehicle Types Market, By Region, 2014–2022 (USD Million)
Table 15 Automated Guided Vehicle Market, By Navigation Technology, 2014-2022 (USD Million)
Table 16 Laser Guidance Technology in Automated Guided Vehicle Market, By Type, 2014-2022 (USD Million)
Table 17 Magnetic Guidance Technology in Automated Guided Vehicle Market, By Type, 2014-2022 (USD Million)
Table 18 Inductive Guidance Technology in Automated Guided Vehicle Market, By Type, 2014-2022 (USD Million)
Table 19 Optical Tape Guidance Technology in Automated Guided Vehicle Market, By Type, 2014-2022 (USD Million)
Table 20 Other Guidance Technologies in Automated Guided Vehicle Market, By Type, 2014-2022 (USD Million)
Table 21 Automated Guided Vehicle Market, By Battery Type, 2014-2022 (USD Million)
Table 22 Automated Guided Vehicle Market for Lithium-Ion Battery, By Type, 2014-2022 (USD Million)
Table 23 Automated Guided Vehicle Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 24 Unit Load Carrier Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 25 Tow Vehicle Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 26 Pallet Truck Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 27 Assembly Line Vehicle Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 28 Other Automated Guided Vehicle Types Market for Lithium-Ion Battery, By Region, 2014-2022 (USD Million)
Table 29 Automated Guided Vehicle Market, By Industry, 2014–2022 (USD Million)
Table 30 Automated Guided Vehicle Market in Automotive Industry, By Type, 2014–2022 (USD Million)
Table 31 Automated Guided Vehicle Market in Automotive Industry, By Region, 2014–2022 (USD Million)
Table 32 Automated Guided Vehicle Market in Manufacturing Industry, By Type, 2014–2022 (USD Million)
Table 33 Automated Guided Vehicle Market in Manufacturing Industry, By Region, 2014–2022 (USD Million)
Table 34 Automated Guided Vehicle Market in Food & Beverages Industry, By Type, 2014–2022 (USD Million)
Table 35 Automated Guided Vehicle Market in Food & Beverages Industry, By Region, 2014–2022 (USD Million)
Table 36 Automated Guided Vehicle Market in Aerospace Industry, By Type, 2014–2022 (USD Million)
Table 37 Automated Guided Vehicle Market in Aerospace Industry, By Region, 2014–2022 (USD Million)
Table 38 Automated Guided Vehicle Market in Healthcare Industry, By Type, 2014–2022 (USD Million)
Table 39 Automated Guided Vehicle Market in Healthcare Industry, By Region, 2014–2022 (USD Million)
Table 40 Automated Guided Vehicle Market in Logistics Industry, By Type, 2014–2022 (USD Million)
Table 41 Automated Guided Vehicle Market in Logistics Industry, By Region, 2014–2022 ( USD Million)
Table 42 Automated Guided Vehicle Market in Retail Industry, By Type, 2014–2022 (USD Million)
Table 43 Automated Guided Vehicle Market in Retail Industry, By Region, 2014–2022 (USD Million)
Table 44 Automated Guided Vehicle Market in Other Industries, By Type, 2014–2022 (USD Million)
Table 45 Automated Guided Vehicle Market in Other Industries, By Region, 2014–2022 (USD Million)
Table 46 Automated Guided Vehicle Market, By Application, 2014-2022 (USD Million)
Table 47 Automated Guided Vehicle Market in Transportation Application, By Industry, 2014-2022 (USD Million)
Table 48 Automated Guided Vehicle Market in Distribution Application, By Industry, 2014-2022 (USD Million)
Table 49 Automated Guided Vehicle Market in Storage Application, By Industry, 2014-2022 (USD Million)
Table 50 Automated Guided Vehicle Market in Assembly Application, By Industry, 2014-2022 (USD Million)
Table 51 Automated Guided Vehicle Market in Packaging Application, By Industry, 2014-2022 (USD Million)
Table 52 Automated Guided Vehicle Market in Other Applications, By Industry, 2014-2022 (USD Million)
Table 53 Automated Guided Vehicle Market, By Region, 2014-2022 (USD Million)
Table 54 Automated Guided Market in North America, By Country, 2014-2022 (USD Million)
Table 55 Automated Guided Vehicle Market in North America, By Industry, 2014-2022 (USD Million)
Table 56 Automated Guided Vehicle Market in North America, By Type, 2014-2022 (USD Million)
Table 57 Automated Guided Vehicle Market in Europe, By Country, 2014-2022 (USD Million)
Table 58 Automated Guided Vehicle Market in Europe, By Industry, 2014-2022 (USD Million)
Table 59 Automated Guided Vehicle Market in Europe, By Type, 2014-2022 (USD Million)
Table 60 Automated Guided Vehicle Market in Asia-Pacific, By Country, 2014-2022 (USD Million)
Table 61 Automated Guided Vehicle Market in Asia-Pacific, By Industry, 2014-2022 (USD Million)
Table 62 Automated Guided Vehicle Market in Asia-Pacific, By Type, 2014-2022 (USD Million)
Table 63 Automated Guided Vehicle Market Size in RoW, By Country, 2014-2022 (USD Million)
Table 64 Automated Guided Vehicle Market in RoW, By Industry, 2014-2022 (USD Million)
Table 65 Automated Guided Vehicle Market in RoW, By Type, 2014-2022 (USD Million)
Table 66 Market Ranking of the Top Five Players in the Global Automated Guided Vehicle Market, 2015
Table 67 Partnerships, Joint Ventures, and Contracts, 2015
Table 68 New Product Launches, 2015
Table 69 Mergers & Acquisitions, 2015
Table 70 Expansions, 2014-2015
Table 71 Others, 2014-2015


List of Figures (81 Figures)

Figure 1 Research Design
Figure 2 Composition of Robotics for Industrial Operations, 2002 & 2012
Figure 3 Global Material Handling Equipment Market, By Region, 2010-2012
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Tow Vehicles are Expected to Dominate the Global AGV Market During the Forecast Period
Figure 8 Among Battery Types, Lithium-Ion Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Aerospace Segment of the AGV Market Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Among Applications, Transportation Segment is Projected to Lead the Global Automated Guided Vehicle Market During the Forecast Period
Figure 11 Europe is Estimated to Hold the Largest Share in the Global Automated Guided Vehicle Market in 2015
Figure 12 Increasing Adoption of the Automated Guided Vehicles to Boost Growth of the Asia-Pacific AGV Market
Figure 13 The Tow Vehicle Segment is Expected to Hold the Largest Share in the Global Automated Guided Vehicle Market During the Forecast Period
Figure 14 The Automotive Segment is Estimated to Hold the Largest Share in the Asia-Pacific Automated Guided Vehicle Market in 2015
Figure 15 The U.S. Led the Global Automated Guided Vehicle Market in 2015
Figure 16 The Laser Guidance Segment is Projected to Lead the Global Automated Guided Vehicle Market During the Forecast Period
Figure 17 The Asia-Pacific Automated Guided Vehicle Market is Estimated to Be in Its Growth Phase During the Forecast Period
Figure 18 Evolution of Automated Guided Vehicles
Figure 19 Automated Guided Vehicle Market, By Region
Figure 20 Growing Material Handling Equipment Sector is the Key Factor Driving the Global Automated Guided Vehicle Market
Figure 21 Material Handling Equipment Market, 2011-2014 (Thousand Units)
Figure 22 Projected Share of Lithium-Ion Based Batteries in Various Industrial Segments By 2020
Figure 23 Automated Guided Vehicle Market: Value Chain Analysis
Figure 24 Porter’s Five Forces Analysis for the Global Automated Guided Vehicle Market
Figure 25 Porter’s Five Forces: Impact Analysis
Figure 26 Bargaining Power of Suppliers in the Global Automated Guided Vehicle Market, 2015
Figure 27 Bargaining Power of Buyers in the Global Automated Guided Vehicle Market, 2015
Figure 28 Threat of New Entrants in the Global Automated Guided Vehicle Market, 2015
Figure 29 Threat of Substitutes in the Global Automated Guided Vehicle Market, 2015
Figure 30 Degree of Competition in the Global Automated Guided Vehicle Market, 2015
Figure 31 Strategic Benchmarking: Key Players Have Adopted Strategies of New Product Launches and Geographic Expansions to Strengthen Their Position in the Market
Figure 32 Automated Guided Vehicle Market, By Type
Figure 33 The Tow Vehicles Segment is Expected to Lead the Global Automated Guided Vehicle Market During the Forecast Period
Figure 34 The Asia-Pacific Unit Load Carrier Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Automotive Segment is Estimated to Lead the Global Tow Vehicle Market During the Forecast Period
Figure 36 Aerospace Segment in the Pallet Truck Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 37 The Asia-Pacific Assembly Line Vehicle Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 38 Automated Guided Vehicle Market, By Navigation Technology
Figure 39 The Laser Guidance Technology is Expected to Dominate the AGV Market in Terms of Market Share
Figure 40 The Assembly Line Vehicle Market for Laser Guidance Technology is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 41 Tow Vehicle Market Accounted for the Largest Share in the Optical Tape Guidance Technology Market in 2015
Figure 42 Automated Guided Vehicle Market, By Battery Type
Figure 43 AGV Market for Lithium-Ion Battery is Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 44 The Tow Vehicle Segment Led the Automated Guided Vehicle Market for Lithium-Ion Battery
Figure 45 The AGV Market for Lithium-Ion Battery in the Asia-Pacific Region is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 46 Automated Guided Vehicle Market, By Industry
Figure 47 The Automotive Segment is Expected to Lead the Global Automated Guided Vehicle Market During the Forecast Period
Figure 48 Assembly Line Vehicle Segment to Grow at the Highest CAGR During the Forecast Period
Figure 49 Europe is Projected to Lead the Global Automated Guided Vehicle Market in Manufacturing Industry During the Forecast Period
Figure 50 Asia-Pacific Automated Guided Vehicle Market in Food & Beverages Industry to Grow at the Highest CAGR Between 2016 and 2022
Figure 51 Assembly Line Vehicle in Aerospace Industry is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 52 Asia-Pacific Automated Guided Vehicle Market in Retail Industry is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 53 Automated Guided Vehicle Market: By Application
Figure 54 The Transportation Application Segment is Expected to Account for the Largest Share in the AGV Market By 2022
Figure 55 The Aerospace Industry for Transportation Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 56 Automotive Industry Accounted for the Largest Share in Distribution Application for the AGV Market
Figure 57 Food & Beverages Industry in the Food Packaging Application is Expected to Account for the Largest Share By 2022
Figure 58 Automated Guided Vehicle Market: By Region
Figure 59 Geographic Snapshot (2014-2022)
Figure 60 North America Automated Guided Vehicle Market Snapshot
Figure 61 North America Automated Guided Vehicle Market Segmentation
Figure 62 Composition of Material Handling Market in Europe, 2005-2013
Figure 63 Europe Automated Guided Vehicle Market Snapshot
Figure 64 Europe Automated Guided Vehicle Market Segmentation
Figure 65 Asia-Pacific Automated Guided Vehicle Market Snapshot
Figure 66 Asia-Pacific Automated Guided Vehicle Market Segmentation
Figure 67 RoW Automated Guided Vehicle Market Snapshot
Figure 68 RoW Automated Guided Vehicle Market Segmentation
Figure 69 New Product Launches Was the Key Strategy Adopted By the Key Players During the Forecast Period
Figure 70 Market Evaluation Framework
Figure 71 Battle for Market Share: Partnerships, Joint Ventures, and Contracts are the Key Strategies Adopted By Leading Market Players
Figure 72 Geographic Revenue Mix of Major Market Players
Figure 73 Swisslog Holding AG: Company Snapshot
Figure 74 Swisslog Holding AG: SWOT Analysis
Figure 75 JBT Corporation: Company Snapshot
Figure 76 JBT Corporation: SWOT Analysis
Figure 77 Daifuku Co., Ltd.: Company Snapshot
Figure 78 Daifuku Co., Ltd.: SWOT Analysis
Figure 79 Egemin International NV : SWOT Analysis
Figure 80 Dematic GmbH & Co. Kg: SWOT Analysis
Figure 81 Hyster-Yale Materials Handling, Inc.: Company Snapshot

The overall automated guided vehicle market is expected to reach USD 2.81 Billion by 2022, growing at a CAGR of 10.2% between 2016 and 2022. The growth of this market is propelled by advances in automation, emphasis on workplace safety & higher productivity, and increasing government initiatives in the process and manufacturing industries to track their material handling processes. The growth in flexible manufacturing system and increasing demand for customized & intelligent AGVs are creating opportunities for this market.

The automotive industry is expected to lead 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, in order 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 application, such as transportation, distribution, storage, assembly, and packaging among others.

Automated Guided Vehicle Market

Europe is expected to hold the largest share of the global automated guided vehicle market during the forecast period, with the market in APAC expected to grow at the highest CAGR. The growth of the APAC market can be attributed to the increasing manufacturing & production facilities as well as the expansion of plants in countries, such as Japan, China, and Australia. The automated guided vehicle market in APAC is at the growth stage, and ongoing developments in this region make it a lucrative and high-potential market. On the other hand, factors such as high capital investments, scarcity of floor space for small manufacturers, and the requirement for skilled workforce are limiting the growth of the global AGV market.

The major players in this market include Daifuku Co., Ltd. (Japan), JBT Corp. (U.S.), Bastian Solutions (U.S.), Swisslog Holding AG (Switzerland), Seegrid Corp. (U.S.), Egemin International NV (U.S.), and Dematic GmbH & Co. Ltd. (Germany). These players adopted various strategies, such as new product developments, mergers, partnerships, collaborations, and business expansions to enhance their presence in the market. Since the last three years, partnerships, joint ventures, and contracts have been found to be the key strategies adopted by the market players to enhance their leadership in the AGV ecosystem.

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