Automated Guided Vehicle (AGV) Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2021-2025

The automated guided vehicle (AGV) market is expected to grow by USD 284.65 million, accelerating at a CAGR of almost 9% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Automated Guided Vehicle (AGV) Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• AGV Market is segmented by Product (market segmentation by type (in-built vehicle software and integrated software) and geography (Europe, North America, APAC, South America, and MEA). Growth by the in-built vehicle software segment has been significant and is expected to offer further growth during the forecast period.
• The APAC region emerged as the leading segment in recent years. 32% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automated Guided Vehicle (AGV) Market size.
• A key market driver for the Automated Guided Vehicle (AGV) Market will be rapid growth in e-commerce industry.
• Resistance to adopt new technology is a challenge that may impede market growth

Automated Guided Vehicle (AGV) Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Daifuku Co. Ltd., Honeywell International Inc., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG, Oceaneering International Inc., SSI SCHAEFER Group, TGW LOGISTICS GROUP GmbH, and Toyota Industries Corp.. are some of the major market participants.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 9%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.15 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Rapid growth in e-commerce retail will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, APAC, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   33% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Daifuku Co. Ltd., Honeywell International Inc., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG, Oceaneering International Inc., SSI SCHAEFER Group, TGW LOGISTICS GROUP GmbH, and Toyota Industries Corp.                                                             
7. What are the market segments covered in this report?
   The market is segmented by type (in-built vehicle software and integrated software) and geography (Europe, North America, APAC, South America, and MEA)