FMI’s New Report, titled, “Automated Guided Vehicles Market: Global Industry Analysis and Opportunity Assessment 2016-2026” offers 10-year forecast and analysis.
Valley Cottage, NY -- (SBWIRE) -- 06/10/2016 -- The global automated guided vehicles (AGV) market enables spur new opportunities for the companies, which are striving in AGV market. AGV is driverless, electric motor vehicle. It has a programming capability of path selection, destination, collision avoidance, and destination. AGV offers advantages in field of logistic systems to handle of material flows in industrial environments. Modern AGVs are controlled through the computer systems with on board microprocessors. There is one position feedback system which enables to control the path. The AGV guidance system directs the AGV on predefined path. The advantage of AGV is ease modification given by guidance system for changing the path at every low cost compared to the chains and conveyers. There are different types of guidance system such as wire guided systems, Optical guidance systems, infrared, laser guided systems. AGVS routing system is used to select the vehicle in a correct direction. Load transfer system offers loading and unloading of products. These are two types manual and automatic. Manual loading and unloading can be done by use of forklift trucks, rollers, pallet trucks. Automatic loading and unloading can be done through powered roller, belt, chain. Global Automated Guided Vehicles market is anticipated to exhibit unprecedented growth over the forecast period.
Automated Guided Vehicles Market: Drivers and restraints
Global automated guided vehicles market can be driven by following factors. Increasing the technological advancements and innovations in the logistics industry enables to drive the AGVs market. Increasing the awareness among the various industries such as food & beverages, health care, retail enables propel the AGVs market. However, advanced technologies obviously costlier than the conventional methods, which may ac as bottleneck for the global AGV market.
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Automated Guided Vehicles Market: Segmentation
Global market can be segmented as following types
By Vehicle Type:
Unit load carrier
Assembly Line Vehicle
Light Load Transporters
Assembly line vehicles
By Navigation technology
By End User
Food & Beverages
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Automated Guided Vehicles Market: Overview
The demand of automated guided vehicles market is increasing due to changing the life style of people. Most of the people are inclined towards advanced technologies to carry the raw materials and final products in industries. Electronic devices has Play a pivot role in AGV market. The global Automated Guided Vehicles market is expected to account for a double digit growth rate over the forecast period.
Automated Guided Vehicles Market: Region-Wise Outlook
Global market is segmented into seven key regions: Those are North America, Eastern Europe, Latin America, Asia Pacific Excluding Japan, Western Europe, Japan, Middle East and Africa.
North America is expected to dominate the global automated guided vehicles market due to the high awareness among the different industries in the countries like US and Canada. European region anticipated account robust market share due to its advanced life style and demographics. Asia Pacific market share of automated guided vehicles market owing to the rise of in the countries like Japan, China and India. Global automated guided vehicles market is expected to have a significant CAGR as well as annual growth over forecast period.
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Automated Guided Vehicles Market: Key players
Some of the key players are
Daifuku Co., Ltd.
Swisslog Holdings AG.
Demantic & Co. Ltd.
Egemin International N.V.