DUBLIN--(BUSINESS WIRE)--The "Automated Guided Vehicle Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global automated guided vehicle market is expected to reach revenues of approximately $5 billion by 2023, growing at a CAGR of around 18% during 2017-2023. The research report offers market size analysis in terms of unit shipment values during the forecast period.

The easy implementation, flexible route mapping, high accuracy, and easy scalability are some of the major factors contributing to the rising demand in the global AGV market. The ability to move more loads with multiple trailers, low maintenance costs, and increased safety are expected to boost sales of varied products in the market over the next few years. The global automated guided vehicle market is driven by the use of different technologies such as laser guidance, magnetic guidance, vision guidance, and natural guidance.

Dematic, Daifuku, JBT Corporation, Milvus Robotics, AGVE, KUKA Robotics, and Seegrid Corporation are the leading manufacturers in the global AGV market. The market research report provides in-depth market analysis and segmental analysis of the global automated guided vehicle market by navigation, vehicle, end-users, and geography.

Market Dynamics

Market Growth Enablers

  • Rising automation in material handling
  • Implementation of high safety standards at workplaces
  • Increasing demand for higher productivity
  • Increasing flexibility in production process

Market Growth Restraints

  • Growing popularity of self-driving vehicles (SDVs)
  • Low Labor costs in emerging countries

Market Opportunities & Trends

  • Increasing demand for AI in factories
  • Industry 4.0 promoting industrial automation
  • SMEs to dominate adoption of automated guided vehicles

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Dynamics

9 Global Automated Guided Vehicle Market

10 By End-User

11 By Vehicle Type

12 By Navigation Type

13 By Geography

14 Europe

15 North America

16 APAC

17 Latin America

18 Middle-East and Africa

19 Competitive Landscape

20 Key Company profiles

  • KION Group
  • Daifuku
  • JBT Corporation
  • Toyota Industries

21 Other Prominent Companies

  • KUKA
  • HYSTER-YALE GROUP
  • EK Automation
  • Seegrid Corporation
  • Kollmorgen
  • Quirepace
  • Fori Automation
  • AGVE
  • SSI Schaefer
  • Transbotics Corporation
  • Savant Automation
  • Jungheinrich

For more information about this report visit https://www.researchandmarkets.com/research/pp6359/5_billion?w=4

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Related Topics: Industrial Automation