Automated Guided Vehicle Software Market size to grow by USD 441.46 Mn, Market research insights highlight the growing e-commerce industry as Key Driver - Technavio

NEW YORK, Aug. 2, 2022 -- According to the research report "Automated Guided Vehicle Software Market by Type and Geography - Forecast and Analysis", the market will witness a YOY growth of 10.21% at a CAGR of 11.23% during the forecast period. The report is segmented by type (in-built vehicle software and integrated software) and geography (Europe, North America, APAC, and South America). The automated guided vehicle (AGV) software market report also offers information on several market vendors, including Daifuku Co. Ltd., Honeywell International Inc., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG, Murata Machinery Ltd., SSI SCHAEFER Group, TGW LOGISTICS GROUP, and Toyota Industries Corp. among others. Request Sample Report

Automated Guided Vehicle Software Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

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. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Daifuku Co. Ltd.
• Honeywell International Inc.
• John Bean Technologies Corp.
• KION GROUP AG
• Kollmorgen Corp.
• KUKA AG
• Murata Machinery Ltd.
• SSI SCHAEFER Group
• TGW LOGISTICS GROUP
• Toyota Industries Corp. 

Europe will account for 32% of market growth. The automated guided vehicle (AGV) The software market in Europe is mostly centered in Germany. The market in this area will expand more quickly than the market in South America. Over the projected period, the expansion of the automated guided vehicle (AGV) software market in Europe would be aided by the implementation of automation in commercial activities, particularly material handling.

Furthermore, countries such as Europe, North America, APAC, and South America are expected to emerge as prominent markets for Automated Guided Vehicle Software Market during the forecast period. Read Sample Report. 

The in-built vehicle software segment will significantly increase its market share in automated guided vehicles (AGV) software. The market for in-vehicle software will expand rapidly because end-user industries like manufacturing, distribution and logistics, retail, and automotive are adopting AGVs at a faster rate. AGVs use built-in vehicle software, such as navigation and management software, and include unit load carriers, two vehicles, pallet trucks, and assembly line machines.

Significantly propelling the growth of the automated guided vehicle (AGV) the software market is the expanding e-commerce sector. One of the key factors behind the global uptake of AGV software is the expanding e-commerce sector. Vendors must increase the capacity of their warehouses and delivery facilities to handle the rising number of people wishing to purchase goods online. The expansion of the automated guided vehicle (AGV) software market is being driven by the primary market trend of digital transformation.

However, the major challenge impeding the automated guided vehicle (AGV) software market growth is the resistance to adopting new technology.

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Table of Contents

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis for application software

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Fiver forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 15: Type - Market share 2020-2025 (%)

• 5.2 Comparison by Type
• Exhibit 16: Comparison by Type

• 5.3 In-built vehicle software - Market size and forecast 2020-2025
• Exhibit 17: In-built vehicle software - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: In-built vehicle software - Year-over-year growth 2020-2025 (%)

• 5.4 Integrated software - Market size and forecast 2020-2025
• Exhibit 19: Integrated software - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Integrated software - Year-over-year growth 2020-2025 (%)

• 5.5 Market opportunity by Type
• Exhibit 21: Market opportunity by Type

6 Market segmentation by end-user

7 Customer Landscape

8 Geographic Landscape

• 8.1 Geographic segmentation

• 8.2 Geographic comparison

• 8.3 Europe - Market size and forecast 2020-2025

• 8.4 North America - Market size and forecast 2020-2025

• 8.5 APAC - Market size and forecast 2020-2025

• 8.6 South America - Market size and forecast 2020-2025

• 8.7 MEA - Market size and forecast 2020-2025

• 8.8 Key leading countries

• 8.9 Market opportunity by geography

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape

• 10.3 Landscape disruption

11 Vendor Analysis

• 11.1 Vendors covered

• 11.2 Market positioning of vendors

• 11.3 Daifuku Co. Ltd.

• 11.4 Honeywell International Inc.

• 11.5 John Bean Technologies Corp.

• 11.6 KION GROUP AG

• 11.7 Kollmorgen Corp.

• 11.8 KUKA AG

• 11.9 Oceaneering International Inc.

• 11.10 SSI SCHAEFER Group

• 11.11 TGW LOGISTICS GROUP GmbH

• 11.12 Toyota Industries Corp.

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$

• 12.3 Research methodology

• 12.4 List of abbreviations

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. 

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SOURCE Technavio