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Automated Guided Vehicle - Market Analysis, Trends, and Forecasts

  • ID: 4804450
  • Report
  • November 2019
  • Region: Global
  • 833 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Almatis B.V.
  • Ceramic Partner
  • Elan Technology
  • Kyocera Corporation
  • Ngk Insulators Ltd.
  • Sinoceramics Inc.
  • MORE
Automated Guided Vehicle market worldwide is projected to grow by US$970.7 Million, driven by a compounded growth of 6.8%. Forklift Truck, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$840.9 Million by the year 2025, Forklift Truck will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$67 Million to the region's size and clout in the next 5 to 6 years. Over US$71.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Forklift Truck will reach a market size of US$29.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.4% over the next couple of years and add approximately US$204.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include among others:
  • ABB
  • Amerden Inc.
  • Balyo, Inc.
  • Bastian Solutions, Inc.
  • Daifuku Co., Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • John Bean Technologies Corporation
  • KION Group AG
  • Dematic Group
  • Konecranes India Pvt. Ltd.
  • KUKA AG
  • Swisslog Holding AG
  • Murata Machinery, Ltd.
  • Seegrid Corporation
  • SSI Schaefer - Fritz Schaefer GmbH
  • Toyota Industries Corporation
  • Vanderlande Industries
  • Universal Robots A/S
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Almatis B.V.
  • Ceramic Partner
  • Elan Technology
  • Kyocera Corporation
  • Ngk Insulators Ltd.
  • Sinoceramics Inc.
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Automated Guided Vehicle (AGV)
Types of Automated Guided Vehicles
Forklift Truck
Tow Vehicle
Pallet Truck
Other Types of AGVs
Navigation Technology in AGVs
Applications of AGVs
Advantages of AGVs
Standards for AGVs
Focus on Automation & Production Efficiency, the Foundation for Growing Investments in AGV
Tow Vehicles: The Largest Vehicle Type Segment in the Global AGV Market
Asia-Pacific to Spearhead Future Growth, while the US and Europe Dominate AGV Market
Global Economic Outlook
Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
Global Competitor Market Shares
Automated Guided Vehicle Competitor Market Share Scenario Worldwide (in %): 2019

2. FOCUS ON SELECT PLAYERS
ABB (Switzerland)
Amerden Inc. (USA)
Balyo, Inc. (USA)
Bastian Solutions, Inc. (USA)
Daifuku Co., Ltd. (Japan)
Hyster-Yale Materials Handling, Inc. (USA)
Jungheinrich AG (Germany)
John Bean Technologies Corporation (USA)
KION Group AG (Germany)
Dematic Group (USA)
Konecranes India Pvt. Ltd. (India)
KUKA AG (Germany)
Swisslog Holding AG (Switzerland)
Murata Machinery, Ltd. (Japan)
Seegrid Corporation (USA)
SSI Schaefer - Fritz Schaefer GmbH (Germany)
Toyota Industries Corporation (Japan)
Vanderlande Industries (The Netherlands)
Universal Robots A/S (Denmark)

3. MARKET TRENDS & DRIVERS
Focus on Implementing High Standards of Safety at Workplaces Favors AGV Market
Forklifts-related Accidents Raise Need for AGVs: Percentage Breakdown of Number of Fatalities Attributed to Forklift by Type of Accident in the US
AGVs: The Future of Manufacturing World
AGVs Assist in Enhancing Operational Efficiency of Factories
AGV Systems Promise to Transform the Logistics Marketplace
AGVs Transforming Intralogistic Processes in Factory Automation Space
Rapidly Growing Logistics Industry Presents Favorable Outlook for AGVs Market
Global Logistics Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
AGVs Offer Significant Benefits for Warehousing Operations
With Global E-Commerce Sales Skyrocketing, Emergence of E-Commerce Warehouses and Need to Automate Supply Chain Spurs Investments into AGVs
Robust Growth Anticipated for E-Commerce: An Opportunity to Tap for AGVs Market
Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019E
Rapid Adoption of Automation Technologies in Material Handling Processes Fuel AGVs Market Growth
AGVs Emerge as Important Constituents of Industry 4.0 Revolution and Shift towards Smart Manufacturing Facilities
As Industry 4.0 and Logistics 4.0 Come Together, AGVs to Play an Even Greater Role
Advancements Lead to Expanded Opportunities for AGVs
AGV System in Healthcare Settings: An Area of Growth
AGVs Increase Productivity in Maritime Industry
Automotive Industry: A Major End-Use Market for AGVs
Enabling Flexible and Efficient Production Operations: A Significant Advantage of AGVs in Automotive Industry
Navigation Technologies for AGVs in Automotive Assembly Lines
Automotive Companies Take the Lead in Automation of Automated Guided Vehicles
Increase in Automobile Production: An Opportunity for AGVs Market
Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
AGVs Adoption in Food & Beverage Manufacturing Bolstered by Flexibility, Scalability and Safety Advantages and Ability to Address Labor Shortage
Top Reasons for Adoption of AGVs in Food & Beverage Manufacturing
Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020
Global Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
Charging of Battery-Operated AGVs Becomes a Challenge for Warehouses
With Electrically-driven AGVs Becoming Integral to Logistics Applications, Need for Sophisticated Charging Systems Gains Prominence
Growing Significance of AGVs in Process Automation Gives Rise to Safety Concerns
Emergence of Advanced Navigation Systems to Result in Greater Scalability and Flexibility of AGVs
Advances in Motion Control Technology to Play a Critical Role in Enhancing Efficiency and Reducing Footprint of AGVs
New Technologies with Tremendous Potential for AGVs Market
AGVs to Benefit from the Increasing Implementation of AI in Factories
Smart Technologies such as AI, IoT and Machine Learning Foster Development of Faster and Smarter AGVs
AGVs Address the Needs of SMEs
Issues Related to the Use of AGVs for Material Handling Applications
Autonomous Vehicles: The Ultimate Future of Material Handling Automation
Innovations & Advancements
Numerous Benefits Provided by AGVs to Drive their Adoption
ILIAD Project Seeks to Integrate Artificial Intelligence into Autonomous Forklifts
ASTI and 5TONIC Team Up to Research on Application of 5G Technology to AGVs
Rocla Develops New AGV Solution, Rocla ART, for Warehousing Operations
Mecfor Unveils AGV Prototype for Use in Aluminum Smelters

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Automated Guided Vehicle Manufacturing Market in the US: An Overview
Competitive Landscape
Market Analytics
CANADA
JAPAN
Japan: A Growing Market for AGVs
Market Analytics
CHINA
China’s AGV Market: Experiencing Strong Growth
Booming E-Commerce Market in China Spurs Demand for AGVs
Robust Growth of E-Commerce Market Bolsters Growth in AGVs Market: Chinese Retail E-Commerce Market Size in US$ Billion for the Years 2017, 2019, 2021 and 2023
Number of Online Shoppers in Millions in China for the Years 2018, 2020 and 2022
Leading Players
Leading Players in the Chinese Automated Guided Vehicle Market by Value Share (in %): 2019
Market Analytics
EUROPE
Strong Online Retail Market Fuels Investments into AGVs
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
Rising Need for Automation Fosters Adoption of AGVs in Asia-Pacific
Market Analytics
AUSTRALIA
INDIA
Flipkart Launches India’s First AGVs for Sortation Center
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV COMPETITION
ABB LTD.
ADDVERB TECHNOLOGIES PVT LIMITED
AGVE AB
AGV INTERNATIONAL
AICHIKIKAI TECHNO SYSTEM CO., LTD.
AMERDEN INC.
AMERICA IN MOTION INC.
ATAB AUTOMATIONSTEKNIK AB
MAXAGV
AUTOGUIDE MOBILE ROBOTS
B2A TECHNOLOGY
BALYO SA
CONVEYOR HANDLING COMPANY
CORECON INC.
DAIFUKU CO., LTD.
DS AUTOMOTION GMBH
E&K AUTOMATION GMBH
ECA SA
ECKHART
EFINOR LTD.
FETCH ROBOTICS
ELETTRIC80 SPA
FORI AUTOMATION, INC.
GEBHARDT FORDERTECHNIK GMBH
GRENZEBACH MASCHINENBAU GMBH
HENCON BV
HITACHI TRANSPORT SYSTEM LTD.
HOMAG GROUP AG
HUAXIAO PRECISION INDUSTRY (SUZHOU) CO., LTD. (CSG)
HYSTER-YALE MATERIALS HANDLING INC.
IFUTURE ROBOTICS PRIVATE LTD.
INVIA ROBOTICS INC.
JBT CORPORATION
JUNGHEINRICH AG
KION GROUP AG
DEMATIC CORP.
KOLLMORGEN CORPORATION
KONECRANES PLC
KUKA AG
SWISSLOG HOLDING AG
LOCUS ROBOTICS
LODIGE INDUSTRIES GMBH
MEIDEN AMERICA, INC.
MITSUBISHI ELECTRIC EUROPE BV
MURATA MACHINERY LTD.
NIDO MACHINERIES
OCEANEERING INTERNATIONAL, INC.
OMRON INDUSTRIAL AUTOMATION
OMRON AUTOMATION AMERICAS
OTTO MOTORS (CANADA)
QUIREPACE LIMITED
ROCLA OY
SAVANT AUTOMATION
SCAGLIA INDEVA SPA
SCOTT TECHNOLOGY LIMITED
SEEGRID CORPORATION
SEW-EURODRIVE GMBH & CO KG
SIASUN ROBOT & AUTOMATION CO., LTD.
SIMILAN TECHNOLOGY CO., LTD.
SSI SCHAFER AG
ST ENGINEERING AETHON, INC.
SYSTEM LOGISTICS SPA
THE HI-TECH ROBOTIC SYSTEMZ LTD.
THE MACHINERY TECHNOLOGY DEVELOPMENT CO., LTD. (MTD)
TOYOTA INDUSTRIES CORPORATION
BASTIAN SOLUTIONS
THE RAYMOND CORPORATION
TOYOTA MATERIAL HANDLING USA INC.
VANDERLANDE INDUSTRIES BV
TRANSBOTICS CORPORATION
ULMA HANDLING SYSTEMS
UNCEASE AUTOMATION PVT. LTD.
UNIVERSAL ROBOTS A/S
WHEELIFT SYSTEMS GROUP
YASKAWA AMERICA - MOTOMAN ROBOTICS DIVISION
YONEGY LOGISTICS AUTOMATION TECHNOLOGY CO., LTD.

Note: Product cover images may vary from those shown
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  • Almatis B.V.
  • American Elements
  • Anoop Ceramics
  • Applied Ceramics Inc.
  • Aremco Products, Inc.
  • Baikowski Sa
  • Bluwhale Ceramic
  • C-Mac International Llc
  • Carborundum Universal Limited
  • Ceramaret Sa
  • Ceramic Partner
  • Ceramtec Gmbh
  • Ceramtec North America Corp.
  • Ceratec Technical Ceramics Bv
  • Coorstek Inc.
  • Corning, Inc.
  • Cvt Gmbh & Co. Kg
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  • Dorst Technologies Gmbh & Co., Kg
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  • H.C. Starck Gmbh
  • Hoganas Ab
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  • Kg Fridman Ab
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  • Maruwa Co., Ltd.
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  • Mcdanel Advanced Ceramic Technologies
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  • Morgan Thermal Ceramics
  • Muromachi Chemicals Inc.
  • Ngk Spark Plug Co., Ltd.
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  • Ngk Ceramics Usa Inc.
  • Oerlikon Metco
  • Ortech Advanced Ceramics
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  • Saint-Gobain Performance Ceramics & Refractories
  • Norton Abrasives
  • Sepr - Saint-Gobain Zirpro
  • Sembach Gmbh & Co., Kg.
  • Sgl Carbon Se
  • Sinocean Industrial Limited
  • Sinoceramics Inc.
  • Steatit S.R.O.
  • Steinbach Ag
  • Stockmeier Holding Gmbh
  • Superior Technical Ceramics Corporation (Stc)
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  • Tosoh Corporation
  • Vinayak Techno Ceramics
  • Xiamen Innovacera Advanced Materials Co., Ltd.
  • Xiamen Unipretec Ceramic Technology Co., Ltd.
  • Yixing Ceramany Engineered Ceramics Co., Ltd.
  • Zircoa Inc.
Note: Product cover images may vary from those shown
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