Pune, India -- (SBWire) -- 09/28/2016 --According to a new market research report "Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape), Battery Type, Industry, Application, & Region - Global Forecast to 2022", the total market is expected to reach USD 2.81 Billion by 2022, at a CAGR of 10.2% during the forecast period.
Sample Pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=27462395
The growth in flexible manufacturing system and increasing demand for customized & intelligent AGVs are creating opportunities for this market.
The main building blocks of the value chain of the automated guided vehicle market comprise research & product development, manufacturing & assembly, system integrators, and end users. In 2015, the automotive sector accounted for the largest share of the overall automated guided vehicle market. While considering the market leadership, Daifuku Co., Ltd. (Japan) is ahead of other players in the automated guided vehicle market, with more than 70 years of experience in the material handling industry. The other major players include JBT Corp. (U.S.), Bastian Solutions (U.S.), Swisslog Holding AG (Switzerland), Seegrid Corp. (U.S.), Egemin International NV (U.S.), and Dematic GmbH & Co. Ltd. (Germany). These players have adopted various growth strategies, such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to expand their global presence and increase their share in the global automated guided vehicle market.
Report Information : http://www.marketsandmarkets.com/Market-Reports/automated-guided-vehicle-market-27462395.html
Daifuku Co. Ltd. was founded in 1937 and is headquartered at Osaka, Japan. It offers consulting, design, manufacturing, planning & engineering, installation & operation, and after-sales services for logistics system and material handling equipment. Material handling is the core business for Daifuku Co. Ltd. It focuses on developing innovative and unique systems for its customers. The company also provides manufacturing and distribution products, including pallet and heavy load storage systems; sorting and picking systems; small, medium, and light load storage products; conveyor and vehicle systems; and containers and carts. In August 2014, Awana Clubs International, a non-profit organization, entered into an agreement for using the services of Wynright Corporation, which is a provider of intelligent material handling systems and a wholly-owned subsidiary of Daifuku.
JBT Corporation was incorporated in 2008 and is headquartered at Chicago, U.S. The company is one of the prominent players in the automated guided vehicle (AGV) market, with over 25 years of experience. The company's automated guided vehicle business supplies solutions and systems for various applications in the automotive, printing, food & beverage, manufacturing, warehousing & logistics, and pharmaceutical industries. In December 2013, the company along with Swisslog (Switzerland) developed a next generation Transcar AGV for application in the medical industry. The company is a key player in the American market, and is also present in countries such as Sweden and Brazil.
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Global Automated Guided Vehicle Market Is Expected to Grow Due to Advances in Automation, Emphasis on Workplace Safety & Higher Productivity
[166 Pages Report] Automated Guided Vehicle Market analysis & forecast report categorizes global by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Industry Vertical (Automotive, & Others), Application (Transportation, Distribution, & Others) & Geography.