The ROW automated guided vehicles market held 19.66% share of the market in 2015, which amounted to USD 0.332 billion, and it is estimated to reach USD 0.588 billion by 2020, with a CAGR of 12.12% over the forecast period. Automated guided vehicles (AGVs) have undergone incremental technological innovations over the years, ranging from the incorporation of on-board processors, actuators, to new forms of control processors for enabling better performance and system utilization. AGVs can be defined as self-driven vehicles comprising a control unit, guide path, sensors, and interfaces, programmed to perform a diverse set of operations. They are considered as the most flexible type of material handling systems. The latest range of AGVs is equipped with on-board processors, position feedback systems and advanced system controllers. These systems enable optimal system utilization, position tracking and safer handling of materials. Their size ranges from small load carriers of a few kilograms to over 125-ton transporters. The vehicles’ working environment ranges from small offices with carpet floor to huge harbor dockside areas.
The automated guided vehicles systems market has been driven by many factors such as rising demand for automation, increased emphasis on workplace safety, technological advancements in the field of automated guided vehicles systems, need for greater predictive maintenance and productivity across major verticals, etc. The global economic outlook is promising, with the manufacturing sector across major economies showing improvement over the last few years. Consumer spending is also on the growth trajectory. These factors are driving the automated guided vehicles market, globally. Rapid growth in e-commerce and the emergence of flexible manufacturing systems are some of the major growth opportunities that could drive the future of this market.
The growth of automated guided vehicles market is being hindered by certain factors such as high initial costs, need for skilled workforce and concerns over replacement of manual labor, etc. However, the investment for automation is often considered as a technology upgrade rather than as a stand-alone application. Conversely, exorbitant initial costs and the need for skilled personnel, ensuring smooth integration and functioning, could impede the market growth over the forecast period.
The RoW automated guided vehicles market is segmented by type into unit load carriers, tow vehicles, pallet trucks, assembly line vehicles, forklift vehicles, clamp vehicles, and others. Tow vehicles and unit load carriers hold the largest market share in this segment. The overall growth of pallet trucks and assembly line vehicles are expected to be as high as 12.38% and 12.19%, respectively, during the forecast period. By industry, the market has been segmented into energy, transport/logistics, healthcare, retail, manufacturing, and others. The automotive industry holds a major chunk in the AGV market, with a share of 23.18%, followed by manufacturing, transportation/logistics and others. Transportation and logistics sector is expected to witnesses the fastest CAGR growth over the forecast period.
The geographical coverage of the automated guided vehicles systems market in RoW includes Latin America ( Brazil, Mexico, Argentina, Venezuela, Columbia and others) and MEA (UAE, Saudi Arabia, South Africa, Turkey, Israel and others).
The key market players include –
Key Deliverables of the Study:
• Market definition of automated guided vehicles systems in RoW, along with market drivers and restraints.
• Market segmentation and the corresponding market share analysis.
• Region-specific competitive market analysis of automated guided vehicles systems in the RoW market.
• Analysis of the key factors that influence the market scenario, along with the growth opportunities.
• Identifying the market leaders and analysing their strategic moves and their market share.
• Coverage of the market landscape, along with the geographical foot print, key growth strategies and competitive market share analysis.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Current Market Scenario
4.2 Applications of Automated Guided Vehicles
4.3.1 Incremental Technological Advancements Aiding Market Growth
4.3.2 Increased Emphasis on Workplace Safety
4.4.1 High Initial Costs
4.4.2 Need for Skilled Workforce And Concerns Over Replacement of Manual Labor
4.5.1 Emergence of E-Commerce
4.6 Technology Snapshot
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Threat Of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
5. Rest of World Automated Guided Vehicles Market - Segmented by Type
5.1 Unit Load Carriers
5.2 Tow Vehicles
5.3 Pallet Trucks
5.4 Assembly Line Vehicles
5.5 Forklift Vehicles
5.6 Clamp Vehicles
6. Rest of World Automated Guided Vehicles Market - Segmented by Verticals
7. Rest of The World Automated Guided Vehicles Market - Segmented by Geography
7.1 Latin America
7.2 Middle East and Africa
7.2.2 Saudi Arabia
7.2.3 South Africa
8. Vendor Market Share Analysis
9. Company Profiles
9.1 Swisslog Holding AG
9.2 Murata Machinery USA, Inc.
9.3 Siemens AG
9.4 KIVA Systems
9.5 Beumer Group
9.6 Daifuku, Co., Ltd.
9.7 Dematic Group
9.8 Flexlink AB
9.9 Mecalux, S.A.
9.10 SSI Schaefer
9.12 Kardex AG
9.13 Bosch Rexroth
9.14 Toyota Material Handling, Inc.
9.15 JBT Corporation
10. Market Landscape
10.1 Competition Analysis - Industry Activities & Key Strategies
10.1.1 Swisslog AG
10.1.2 Siemens AG
10.1.3 Daifuku, Co., Ltd.
10.1.4 Dematic Group
10.1.5 Mecalux, S.A.
10.1.6 SSI Schaefer
10.1.7 JBT Corporation
10.2 Geographical Footprint
11. Investment Analysis
11.1 Recent Mergers and Acquisitions
11.2 Investor Outlook
12. Future Outlook of the Automated Guided Vehicle Market