Global automated guided vehicles market analysis & trends – industry forecast to 2025
The Global Automated Guided Vehicles Market is poised to grow at a CAGR of around 8.9% over the next decade to reach approximately $6.7 billion by 2025. Some of the prominent trends that the market is witnessing include rising utilization of robotics among various industries, increasing demand for material handling, and rapid industrialization in emerging countries.
Depending on the vehicle type the market is segregated into clamp vehicles, heavy burden carrier, forklifts/pellet truck, tow vehicle, unit load carrier, assembly line vehicle, light load transporters and other vehicle types.
On basis of battery type the market is segmented by lithium-ion, lead, nickel-based and other battery types.
Based on navigation technology the market is categorized into infra-red guidance, inductive/wire guidance, magnetic guidance, 3d vision guidance, optical tape guidance, laser guidance, GPS, inertial guided and other navigation technologies.
By application the market is classified into assembly, distribution, storage, transportation, packaging and other applications.
Depending on the industry the market is segregated into logistics, paper, chemical and pharmaceutical, aerospace, manufacturing, retail, food & beverages, automotive, healthcare, warehousing and distribution, and other industries.
This industry report analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
Report Highlights:
– The report provides a detailed analysis on current and future market trends to identify the investment opportunities
– Market forecasts till 2025, using estimated market values as the base numbers
– Key market trends across the business segments, Regions and Countries
– Key developments and strategies observed in the market
– Market Dynamics such as Drivers, Restraints, Opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2025
– Market opportunities and recommendations for new investments
