Press Release

Automated Guided Vehicles (AGV) Market Forecast to 2028 – Kion Group AG, Kollmorgen, JBT Corporation, Toyota Industries, Balyo, Amerden, Murata Machinery

The automated guided vehicles (AGV) market was valued at US$ 3,310.8 million in 2020 and is projected to reach US$ 9,077.3 million by 2028; it expected to grow at a CAGR of 14.59% during 2021–2028.

The increasing e-commerce business across the world is resulting in the adoption of the automated material handling process. E-commerce companies such as Walmart, Amazon, Alibaba, and Flipkart are increasing their focus on automated material handling to reduce operational costs and increase inventory size. According to the E-commerce Europe report, in 2019, online sales in the region was increased by 13%, which accounted for US$ 735 billion; also, the market concentration is expected to be focused on Western Europe, with the region accounting for the majority of B2C platform turnover, of around 66%. For instance, the material handling division of ThyssenKrupp is investing over US$ 83 million in its European warehousing and logistics network and planning to build a new logistics center in Rotenburg/Wümme (Lower Saxony) that will span 36,000 square meters and hold up to 20,000 metric tons of materials. MonotaRO is an e-commerce company that handles the consumables, maintenance tools, and other industrial supplies used in various industries. The company uses the Racrew by Hitachi, a compact, low-floor, automated guided vehicle (AGV) to increase the picking efficiency. Also, in late 2019, Flipkart announced to use 340 small AGVs at its warehouse in India. Such developments are driving the demand for AGVs, which is propelling the automated guided vehicles (AGV) market growth.

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The List of Companies
1. Egemin Automation Inc.
2. Daifuku Co., Ltd.
3. Hyster-Yale Materials Handling, Inc.
4. Kion Group AG
5. Kollmorgen
6. JBT Corporation
7. Toyota Industries Corporation
8. Balyo Inc.
9. Amerden Inc.
10. Murata Machinery, Ltd.

The latest research report on the “Automated Guided Vehicles (AGV) Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Automated Guided Vehicles (AGV) market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automated Guided Vehicles (AGV) market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automated Guided Vehicles (AGV) Market in order to help decision makers with various strategic insights and future outlook. The Automated Guided Vehicles (AGV) market is expected to witness continued growth during the forecast period from 2020 to 2027.

This is a professional and in-depth study on the current state of the Automated Guided Vehicles (AGV) Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Automated Guided Vehicles (AGV) Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

The report focuses on global major leading Automated Guided Vehicles (AGV) Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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