NEW YORK, July 13, 2023 /PRNewswire/ -- The automated guided vehicle (AGV) market size is estimated to grow by USD 1,395.15 million from 2022 to 2027. The market is estimated to progress at a CAGR of 8.97% during the forecast period according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Aichikikai Techno System Co. Ltd., Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dearborn Mid West Co., ek robotics GmbH, Fritz SCHAFER GmbH and Co KG, Groupe Gorge, Hitachi Ltd., Hyster Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, Meidensha Corp., MIDEA Group, Murata Machinery Ltd., Oceaneering International Inc., Scott Technology Ltd., Seegrid Corp., and Toyota Industries Corp. Download a Sample Report Now!

Automated Guided Vehicle (AGV) Market Insights -

• Vendors: 15+, Including Aichikikai Techno System Co. Ltd., Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dearborn Mid West Co., ek robotics GmbH, Fritz SCHAFER GmbH and Co KG, Groupe Gorge, Hitachi Ltd., Hyster Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, Meidensha Corp., MIDEA Group, Murata Machinery Ltd., Oceaneering International Inc., Scott Technology Ltd., Seegrid Corp., and Toyota Industries Corp., among others

• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Product (Unit load carrier, Tow vehicle, Pallet truck, Assembly line vehicle, and Others), End-user (Automotive, Food and beverages, Electronics and electrical, Pharmaceuticals, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa)

To understand more about the Automated Guided Vehicle (AGV) market, request a sample report

Major Drivers - 

• Rapid growth in e-commerce retail to drive growth.

• Consumer preferences are rapidly shifting from traditional retail to e-commerce due to various factors such as diversified product portfolios, competitive prices, and shopping convenience.

• Currently, e-commerce is experiencing significant growth not only in developed markets such as the United States but also in emerging markets such as India and China. This is because several major companies such as Amazon and Walmart have a presence in emerging markets in the Asia-Pacific region.

• Additionally, as e-commerce retail becomes more popular, the need for warehouses and distribution centers is increasing, especially in emerging markets.

• Therefore, e-commerce retail growth will continue to drive the growth of the global AGV market during the forecast period.

Significant Trends - Rising warehouse automation is the emerging trend influencing the AGV market.

Key challenges - Fluctuating prices of raw materials challenge market growth.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The automated guided vehicle (AGV) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy

• Analyzes competitor's offerings

• Get a holistic view of the market

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this Automated Guided Vehicle (AGV) Market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the Automated Guided Vehicle (AGV) Market between 2023 and 2027

• Precise estimation of the size of the Automated Guided Vehicle (AGV) Market and its contribution to the market with a focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the Automated Guided Vehicle (AGV) Market across Europe, APAC, North America, South America, and Middle East and Africa

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of Automated Guided Vehicle (AGV) Market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The military hybrid electric vehicle (HEV) and electric vehicle (EV) market is estimated to grow at a CAGR of 14.36% between 2022 and 2027 and the size of the market is forecast to increase by USD 8.48 billion. This report extensively covers market segmentation by product (manned military HEV and EV and unmanned military HEV and EV), type (AC charging and DC charging), and geography (North America, APAC, Europe, South America, and Middle East and Africa). Push toward the adoption of green (eco-friendly) vehicles is the key factor driving the growth of the global military hybrid electric vehicle (HEV) and electric vehicle (EV) market.

The vehicle conversion market size is estimated to grow at a CAGR of 7.75% between 2022 and 2027. The market size is forecast to increase by USD 2,167.54 million. This vehicle conversion market report extensively covers market segmentation by type (product and services), vehicle type (passenger car, commercial vehicle, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing focus on electric technology for vehicles is notably driving market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global automated guided vehicle (AGV) market 2017 - 2021

• 4.2 Product Segment Analysis 2017 - 2021

• 4.3 End-user Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Product

• 6.1 Market segments

• 6.2 Comparison by Product

• 6.3 Unit load carrier - Market size and forecast 2022-2027

• 6.4 Tow vehicle - Market size and forecast 2022-2027

• 6.5 Pallet truck - Market size and forecast 2022-2027

• 6.6 Assembly line vehicle - Market size and forecast 2022-2027

• 6.7 Others - Market size and forecast 2022-2027

• 6.8 Market opportunity by Product

7 Market Segmentation by End-user

• 7.1 Market segments

• 7.2 Comparison by End-user

• 7.3 Automotive - Market size and forecast 2022-2027

• 7.4 Food and beverages - Market size and forecast 2022-2027

• 7.5 Electronics and electrical - Market size and forecast 2022-2027

• 7.6 Pharmaceuticals - Market size and forecast 2022-2027

• 7.7 Others - Market size and forecast 2022-2027

• 7.8 Market opportunity by End-user

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027

• 9.4 APAC - Market size and forecast 2022-2027

• 9.5 North America - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 Germany - Market size and forecast 2022-2027

• 9.10 Japan - Market size and forecast 2022-2027

• 9.11 China - Market size and forecast 2022-2027

• 9.12 UK - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 Aichikikai Techno System Co. Ltd.

• 12.4 Atab Automationsteknik AB

• 12.5 Beumer Group GmbH and Co. KG

• 12.6 Daifuku Co. Ltd.

• 12.7 Dearborn Mid West Co.

• 12.8 ek robotics GmbH

• 12.9 Fritz SCHAFER GmbH and Co KG

• 12.10 Hitachi Ltd.

• 12.11 Hyster Yale Materials Handling Inc.

• 12.12 John Bean Technologies Corp.

• 12.13 KION GROUP AG

• 12.14 MIDEA Group

• 12.15 Murata Machinery Ltd.

• 12.16 Seegrid Corp.

• 12.17 Toyota Industries Corp.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/automated-guided-vehicle-agv-market-to-grow-at-a-cagr-of-8-97-from-2022-to-2027-atab-automationsteknik-ab-balyo-sa-beumer-group-gmbh-and-co-kg-and-more-to-emerge-as-key-players--technavio-301875923.html

SOURCE Technavio