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The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 3.25 Billion by 2026, at a CAGR of 6.8%.
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Automated Guided Vehicle (AGV) Market To Worth USD 3.25 Billion By 2027
Market Summary Market Size – USD 1.89 Billion in 2018, Market Growth - CAGR of 6.8% between 2019 and 2026, Market Trends – Industrial growth in emerging economies and emerging e-commerce industry The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 3.25 Billion by 2026, at a CAGR of 6.8%. Further key findings from the report suggest: In type, tow vehicles segment is expected to hold largest market share with a CAGR of 8.2% in 2026. The towing vehicle, also known as a tug, pulls carts carrying heavy loads without power. • This is the most productive AGV used for towing and tugging because it can transport heavy loads with multiple trailers than a single forklift. The towing vehicle can automatically collect a load without a human interface or manually load / unload. • On the basis of navigation technology, laser guidance technology is expected to hold largest market share with a CAGR of 8.45% in 2026. Laser guidance is the most flexible vehicle movement system and provides precise navigation. Reflectors have been mounted on the walls along the road of the vehicle. • www.reportsanddata.com
Key Players: SSI Schaefer (Germany), EK Automation (Germany), JBT Corporation (US), Toyota Industrial (Japan), Daifuku (Japan), Hyster-Yale Materials Handling (US), KUKA (Germany), KION Group (Germany), Kollmorgen (US), Seegrid Corporation (US), and others. Segmentation: Industry (Revenue, USD Million; 2020–2026) Automotive Manufacturing Food & Beverages Aerospace Application (Revenue, USD Million; 2020–2026) Transportation Distribution Storage Assembly Packaging www.reportsanddata.com
Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com
Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com
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