Automated Guided Vehicles Agv Market Scope And Analysis

Report Code : TIPAT00002059
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 258

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Automated Guided Vehicles (AGV) Market Scope and Analysis Report by 2030

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Automated Guided Vehicles (AGV) Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 4.53 Billion
Market Size by 2030	US$ 11.84 Billion
Global CAGR (2022 - 2030)	12.7%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Technology Wired Navigation Guide Tape Navigation Laser Target Navigation Magnetic Navigation By Type Standard Hybrid Compact By Vehicle Type Pallet Trucks Unit Load Carriers Driverless Trains Forklift Trucks By End-User General Manufacturing Food and Beverage Aerospace Retail Healthcare Logistics Automotive
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Dematic Corp Kion Group AG Jungheinrich AG Toyota Material Handling Inc Konecranes Plc John Bean Technologies Corp Daifuku Co Ltd Bastian Solutions LLC Hyster Yale Group Inc

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the automated guided vehicles (AGV) market. A few recent key automated guided vehicles (AGV) market developments are listed below:

In June 2023, Dematic introduced its newest freezer-rated autonomous guided vehicles (AGVs). Dematic's whole line of AGVs, including high-reach and counterbalance models, was designed and constructed in Australia. It is now fully certified for use in freezing conditions, catering to the needs of the growing automated guided vehicles (AGV) market.
In March 2023, the Storage Solutions group ("Storage Solutions") was successfully acquired by Jungheinrich AG from Merit Capital Partners, MFG Partners, and the management of Storage Solutions. All closing requirements, including American merger control clearance, have been met. With Storage Solutions, Jungheinrich expands the racking and warehouse automation market in the US with a solid growth foundation.
In December 2021, KION Group opened a new forklift truck plant in China and laid the foundation stone for further supply chain solutions plants. These new facilities will help the KION Group to forge ahead with its growth strategy in China and expand its product portfolio in both operating segments. The KION Group planned to create more than 1,000 new jobs in Jinan in the medium term. More than 4,600 people of the KION Group's almost 40,000-strong workforce are already based in China.