Selbyville, DE -- (SBWIRE) -- 06/12/2019 -- According to this study, over the next five years the Automated Guided Vehicle market will register a 7.1% CAGR in terms of revenue, the global market size will reach US$ 1880 million by 2024, from US$ 1250 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automated Guided Vehicle business, shared in Chapter 3.

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Automated Guided Vehicle (AGV) is an unmanned, computer-controlled mobile transport unit used for material handling and transportation in a wide range of industries. Also known as a self-guided vehicle or self-propelled vehicle, an AGV is a vehicle that is powered by a battery or an electric motor and is able to perform tasks without human supervision or operation.

Automated guided vehicle, which are widely used for material handling in various industries such as automotive, manufacturing, food & beverage, aerospace, healthcare, logistics, retail, and others, have proved to be very useful in catering to the growing need for automation in industrial material handling.

Much of the fast growth in the industry grew out of the desire from companies to reduce operating costs and improve efficiency. During the past five years, industry operators rolled out new high technology products, such as automated pallet trucks that use laser target, gyroscopic, optical and magnetic navigation systems.

A brief run-through of the industry segmentation encompassed in the Automated Guided Vehicle market report:

Competitive landscape:

Companies involved: Daifuku, Atab, Meidensha, Rocla, Dematic, Egemin, Swisslog, Aichikikai, JBT, DS Automotion, AGVE Group, Seegrid, Aethon, EK AUTOMATION, Toyota, Hitachi, Siasun, CSTCKM, MTD and Yonegy

Vital pointers enumerated:
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales

The Automated Guided Vehicle market report provides an outline of the vendor landscape that includes companies such as Daifuku, Atab, Meidensha, Rocla, Dematic, Egemin, Swisslog, Aichikikai, JBT, DS Automotion, AGVE Group, Seegrid, Aethon, EK AUTOMATION, Toyota, Hitachi, Siasun, CSTCKM, MTD and Yonegy. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:
Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:
- Product consumption patterns
- Valuation that each of these regions account for in the industry
- Market share which every region holds
- Consumption market share across the geographies
- Product consumption growth rate
- Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Automated Guided Vehicle market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape
Product types involved: Unit Load Type, Automated Forklift Type and Tugger Type

Vital pointers enumerated:
- Market share held by the product
- Projected valuation of each type
- Individual product consumption as per value and growth rate
- Sales value

The Automated Guided Vehicle market report enumerates information with respect to every product type among Daifuku, Atab, Meidensha, Rocla, Dematic, Egemin, Swisslog, Aichikikai, JBT, DS Automotion, AGVE Group, Seegrid, Aethon, EK AUTOMATION, Toyota, Hitachi, Siasun, CSTCKM, MTD and Yonegy, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:

Application sectors involved: Production & Manufacturing and Distribution & Logistics

Vital pointers enumerated:
- Market share held by each application segment
- Forecast valuation of each application
- Consumption patterns

The Automated Guided Vehicle market report, with respect to the application spectrum, splits the industry into Production & Manufacturing and Distribution & Logistics, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.
The Automated Guided Vehicle market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.

Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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