Global Automated Guided Vehicle (AGV) Market 2017-2021

  • ID: 4211591
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • BEUMER
  • Dearborn Mid-West Company
  • Fives
  • Intelligrated
  • Legris Industries
  • Murata Machinery
  • MORE
Automated guided vehicles (AGVs) are used on shop floors for moving heavy materials within the manufacturing unit. These vehicles are controlled by computers and do not require onboard drivers. AGVs have defined paths or areas within which they navigate. Navigation can be established by several means such as inductive wires, surface-mounted magnetic or optical strips, or by inertial or laser navigation guidance.

The analysts forecast the global AGV market to grow at a CAGR of 8.15% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global AGV market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of AGV.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global AGV Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Vanderlande Industries
- SSI Schaefer
- Dematic
- Daifuku

Other prominent vendors
- Good Will Instrument
- National Instruments
- Rigol Technologies
- Yokogawa Electric

Market drivers
- Growing automation across product segments
- For a full, detailed list, view the full report

Market challenges
- Continuous support and maintenance
- For a full, detailed list, view the full report

Market trends
- Continuous support and maintenance
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BEUMER
  • Dearborn Mid-West Company
  • Fives
  • Intelligrated
  • Legris Industries
  • Murata Machinery
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Global AGV market segmentation by product
  • Global AGV market by unit load carrier
  • Global AGV market by tow vehicle
  • Global AGV market by pallet trucks
  • Global AGV market by assembly line vehicles
  • Global AGV market by other AGVs
PART 07: Geographical segmentation
  • Global AGV market by geography
  • AGV market in EMEA
  • AGV market in Americas
  • AGV market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Cloud robotics and other growing trends in robotic systems
  • Increase in adoption of automated systems in manufacturing functions
  • Increased R&D spending and miniaturization of AGV
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • Daifuku
  • Dematic
  • SSI Schaefer
  • Vanderlande Industries
PART 13: Appendix
  • List of abbreviations
List of Exhibits

Exhibit 01: Global AGV market by revenue 2016-2021 ($ billions)
Exhibit 02: Five forces analysis
Exhibit 03: Global AGV market growth rate by product 2017-2021
Exhibit 04: Global AGV market share by product 2016-2021
Exhibit 05: Global AGV market by unit load carrier 2016-2021 ($ billions)
Exhibit 06: Global AGV market by tow vehicle 2016-2021 ($ billions)
Exhibit 07: Global AGV market by pallet trucks 2016-2021 ($ billions)
Exhibit 08: Global AGV market by assembly line vehicles 2016-2021 ($ billions)
Exhibit 09: Global AGV market by other AGVs 2016-2021 ($ billions)
Exhibit 10: Global AGV market growth rate by geography 2017-2021 (%)
Exhibit 11: Global AGV market share by geography 2016-2021 ($ billions)
Exhibit 12: AGV market in EMEA 2016-2021 ($ billions)
Exhibit 13: AGV market in Americas 2016-2021 ($ billions)
Exhibit 14: AGV market in APAC 2016-2021 ($ billions)
Exhibit 15: GDP annual growth rate of leading countries in APAC 2010-2015
Exhibit 16: Impact of drivers
Exhibit 17: Impact of challenges
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FEATURED COMPANIES

  • BEUMER
  • Dearborn Mid-West Company
  • Fives
  • Intelligrated
  • Legris Industries
  • Murata Machinery
  • MORE
New Report Released: - Global AGV Market 2017-2021

The author of the report recognizes the following companies as the key players in the global AGV market: SSI Schaefer, Dematic, and Daifuku

Other Prominent Vendors in the market are: BEUMER, Dearborn Mid-West Company, Fives, FlexLink, Intelligrated, Kardex, KNAPP Logistics Automation, Legris Industries, Mecalux, Murata Machinery, Swisslog, and TGW Logistics

Commenting on the report, an analyst from the research team said: “The growing trend of using robotic systems by various industries, such as the automation and e-commerce, and increased interest among various countries, such as China, UAE, and Switzerland, are driving the demand for AGV robotic systems. Robotic systems are among the highest growing products in the global AGV market, expected to post a CAGR of above 8% during the forecast period. Traditional industries such as automotive are investing in robotics. In 2015, Toyota announced an investment of $50 million till 2019 to focus on enhancing robotics, autonomous vehicles, and artificial intelligence (AI). Further, companies from various industries, other than traditional industries, are also buying or investing in robotic systems. Google and Amazon are few examples of companies that focus on optimizing their business using robotic systems. Amazon acquired Kiva Systems in 2012, and as of 2016, had more than 30,000 robots working in their warehouse to make delivery processes faster. Amazon has also set a trend of using robotic systems for better operational efficiency and cost saving. Amazon claimed to have achieved 20% cost saving using robotics in its warehouse. Other vendors with high warehouse requirements such as Walmart and Target are likely to follow the trend in the forecast period.”

According to the report, various end-user segments are adopting automated systems throughout their supply chain. This is driving the market for AGVs, as the entire lifecycle of products, from manufacturing to distribution, consumption, and disposal is being automated. Some of the most advanced automation systems include baggage transport systems in airports, automated storage systems in warehouses, and automated dispatching systems. Baggage transport systems make use of technologically advanced identification systems to collect baggage and transport to the loading points of an aircraft. Automated storage systems optimize storage capacity and an efficient use of the vertical space. These advantages are driving more end-users toward adopting automated systems across all their workflow.

Further, the report states that raw materials and components used in design and manufacture of AGVs include steel, structural steel, processed steel bars, forging steel bars, steel rods, steel wires, steel pipes, electric motors, bearings, gear reducers, castings, and other electro-mechanical components. AGV is a heavy equipment with a large structure. Fluctuation in prices of raw materials has made planning difficult for AGV manufacturers. Prices of metals used in equipment manufacturing are vulnerable to sudden changes. Steel prices have fluctuated more than 40% in just a few months. Prices of other key raw materials such as copper and titanium are also prone to volatility. These uncertainties in raw material prices have an adverse effect on AGV manufacturers, affecting their profitability.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • SSI Schaefer
  • Dematic
  • Daifuku
  • BEUMER
  • Dearborn Mid-West Company
  • Fives
  • FlexLink
  • Intelligrated
  • Kardex
  • KNAPP Logistics Automation
  • Legris Industries
  • Mecalux
  • Murata Machinery
  • Swisslog
  • TGW Logistics
Note: Product cover images may vary from those shown
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The methodology is available for download below.
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