LONDON-(BUSINESS WIRE)-The global automated guided vehicle market to register an incremental growth of USD 1.19 billion, witnessing a CAGR of almost 10% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automated guided vehicle market in optimistic, probable, and pessimistic forecast scenarios.
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The automated guided vehicle market will witness a Negative and Inferior impact during the forecast period owing to the extensive spread of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Automated Guided Vehicle Market 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Automated Guided Vehicle market participants are
- Daifuku Co. Ltd.
- Hitachi Ltd.
- Hyster-Yale Materials Handling Inc.
- John Bean Technologies Corp.
- KION GROUP AG
- KUKA AG
- Murata Machinery Ltd.
- Seegrid Corp.
- SSI SCHAEFER Group
- Toyota Industries Corp.
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Automated Guided Vehicle Market 2020-2024: Segmentation
Automated Guided Vehicle Market is segmented as below:
-
End-User
- Distribution and logistics
- Automotive
- Manufacturing
- Retail
- Others
-
Product
- Unit load carrier
- Tow vehicle
- Pallet truck
- Assembly line vehicle
- Others
Unit load carriers will account for the largest share as they can easily interface with conveyors and automated storage and retrieval systems. Also, unit load carriers are mostly used in warehouses, wherein guided paths are relatively short, and high volumes of materials are involved.
-
Geography
- APAC
- Europe
- North America
- South America
- MEA
APAC region will account for the highest incremental growth during the forecast period due to the factors such as the growing demand for AGVs from the manufacturing, e-commerce, and automotive industries.
The automated guided vehicle market is driven by rapid growth in e-commerce retail and growing adoption of Industry 4.0, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Industrials industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Industrials section
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Unit load carrier - Market size and forecast 2019-2024
- Tow vehicle - Market size and forecast 2019-2024
- Pallet truck - Market size and forecast 2019-2024
- Assembly line vehicle - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-User (qualitative)
- Distribution and logistics
- Automotive
- Manufacturing
- Retail
- Others
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Daifuku Co. Ltd.
- Hitachi Ltd.
- Hyster-Yale Materials Handling Inc.
- John Bean Technologies Corp.
- KION GROUP AG
- KUKA AG
- Murata Machinery Ltd.
- Seegrid Corp.
- SSI SCHAEFER Group
- Toyota Industries Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.