The AGV automated guided vehicle is a movable robot that follows the wires or markers on the floor or use magnets, lasers or vision for navigation. These vehicles find their applications in warehouses, manufacturing, industries and others. There is high scope for the Automated Guided Vehicle (AGV) Market in various regions across the globe during 2016-2021.
Scope and Regional Forecast of the Automated Guided Vehicle (AGV) Market:
The rise in automation and robotics in industrial applications is boosting the scope for the AGV systems in the Automated Guided Vehicle (AGV) Market. The growth in demand for these vehicles is driving the production through 2021.
North America is one of the prominent regions in the Automated Guided Vehicle (AGV) Market with high demand for AGVs in various end user industries in this region. Europe is expected to have fast growth through 2021. The US and Germany are the major markets for this industry during 2016-2021.
Asia Pacific is the largest region in the Automated Guided Vehicle (AGV) Market. Growth is highly anticipated in Asia Pacific, particularly in China and India with many companies investing in this market during 2016-2021. China is expected to increase production of AGVs by 2021.
The Automated Guided Vehicle (AGV) Market is fast growing market with high demand for automated guided systems in different end user industries in various regions across the globe. This market is expected to witness high growth owing to the increasing production of automatic guided vehicles by automated guided vehicle manufacturers, growing investment for research and development of AGV technology and rise in adoption of AGV system in different types of applications in warehouses, industries and other applications in various regions across the globe during 2016-2021.
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Segmentation and Key Players of the Automated Guided Vehicle (AGV) Market:
The Automated Guided Vehicle (AGV) Market is segmented into various categories by application and geography as follows:
- By application: passenger car, light weight vehicle, heavy weight vehicle and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Automated Guided Vehicle (AGV) Market are as follows:
- Ward Systems Inc.
- Savant Automation Inc.
- JBT Corporation
- America In Motion
- Transbotics Corporation
The rise in adoption of AGV system is vehicles is driving the production of AGVs for industrial utilization in various regions across the globe during 2016-2021.
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