Energy, Automobile, EV, Renewable News | The Worldwide Automated Guided Vehicle Industry is Expected to Reach $3.62 Billion by 2026

The Worldwide Automated Guided Vehicle Industry is Expected to Reach $3.62 Billion by 2026

February 22, 2022

DUBLIN–(BUSINESS WIRE)–The “Global Automated Guided Vehicle Market (2021-2026) by Component, Type, Navigation Technology, Battery Type, Application, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Automated Guided Vehicle Market is estimated to be USD 2.31 Bn in 2021 and is expected to reach USD 3.62 Bn by 2026, growing at a CAGR of 9.4%.

Key factors such as the rapid growth of E-commerce and the need for automation in maritime applications for improvement drive market growth. The rise in demand for automation and increase in safety, accuracy, and productivity provide growth opportunities to the market. In addition, AGVs reduce labor costs from a long-term perspective in warehouses in many ways.

However, factors such as high investment cost and lack of flexibility are likely to restrain the market growth. Moreover, the availability of alternative autonomous mobile robots is a major challenge in the market.

Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Automated Guided Vehicle Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the Industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the Industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Market Dynamics

Drivers