Automated Guided Vehicle System Market By End Use, and by Geography – Opportunities & Forecast, 2019-2026

 

Global Automated Guided Vehicle System Market

The research performed by GMI Organisation states that the Automated Guided Vehicle System Market will exponentially grow over the forecast period. This is because of the rapid expansion in several industries, such as automotive, food & beverage, and the intensified investment directed to install AGVs.

Request a FREE Sample of Automated Guided Vehicle System Market.

Automated Guided Vehicle System Market Dynamics

An automated guided vehicle is a condensed robot that can move automatically throughout a manufacturing plant, warehouse, or distribution centers without any driver. The AGV system id increasingly implemented to transfer huge materials amid a prodigious building. The prime force stimulating the growth of the Global Automated Guided Vehicle market includes the robust demand for mechanisation in material handling across several sectors. Also, the increasing drift towards e-commerce and better safety rules enforced at workplaces will strengthen the market growth. The automated guided vehicle helps in decreasing labour cost by substituting human workers and improve yield and precision will fuel the market growth. Besides this, they have the potential to improve safety as they are lodged with lasers, camera, and other sensors.  Further, the remarkable switch in the demand from bulk production to personalisation has contributed to the Automated Guided Vehicle market size.

Moreover, the incorporation of fourth industrial revolution with robotics and surging acquisition of industrial mechanisation amid small and medium-sized enterprises has generated huge opportunities for market. On the other hand, the inflated installation cost, the need of regular maintenance, and technical problems linked with sensing elements will restrain the market size.

Type Segment Drivers

Based on the type, the other type segment is projected to witness a higher growth during the forecast period owing to the augmenting endorsement of other AGVs such as hybrid and personalised AGVs. Additionally, the Automated Guided Vehicle market report presents that the  producers of AVS are introducing hybrid and personalised AGVs to cater for the different needs of material-handling across various sectors.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. 

 

 

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more