Global automated guided vehicle (AGV) fleet management platform market expected to reach USD 676,351 Thousand in 2027, at a rate of 12.8% between 2019 and 2027. The global automated guided vehicle (AGV) fleet management platform market is anticipated to grow substantially over the forecast time period, owing to the various technological developments witnessed in the automotive sector.

Sarasota, FL -- (SBWire) -- 04/19/2019 --Zion Market Research has published a new report titled "Automated Guided Vehicle (AGV) Fleet Management Platform Market By Vehicle Type (Unit Load Carrier, Forklift Truck, Hybrid, Tow Vehicle, Pallet Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, Vision Guided, and Others), By Application (Logistics, Warehousing, Assembly, Packaging, and Others), and By Vertical (Automotive, Aerospace, Healthcare, Retail, Manufacturing, Food & Beverage, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027''. According to the report, the global automated guided vehicle (AGV) fleet management platform market was valued at USD 232,236 Thousand in 2018 and is expected to reach USD 676,351 Thousand in 2027, at a rate of 12.8% between 2019 and 2027.

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The global automated guided vehicle (AGV) fleet management platform market is anticipated to grow substantially over the forecast time period, owing to the various technological developments witnessed in the automotive sector. AGV fleet management platform providers are focusing on integrating their fleet with artificial intelligence (AI) to reduce the number of autonomous vehicle accidents. The increasing demand for automation in material handling across the fleet to increase operational efficiency and reduce downtime is one of the drivers boosting the growth of the automated guided vehicle (AGV) fleet management platform market. They are consistently used to transport bulk materials to different places. Moreover, they are majorly used to transport high volumes of material without involving any human decision-making to perform the task. However, the cost sensitivity of AGV fleet owners is a major hurdle in the automated guided vehicle (AGV) fleet management platform market development.

By vehicle type, the automated guided vehicle (AGV) fleet management platform market is segmented into unit load carriers, forklift truck, hybrid, tow vehicles, pallet truck, and others. Tow vehicles are anticipated to hold the highest market share, whereas forklift trucks are expected to grow rapidly in the upcoming years. By technology, the automated guided vehicle (AGV) fleet management platform market includes laser guidance, magnetic guidance, natural navigation, vision-guided, and others. The laser guidance segment is expected to lead the market in the years ahead, as it offers accurate navigation and is the most flexible system for transport or vehicle movement. Laser guidance technology is equipped with reflectors on walls and vehicle's route. This technology also enhances the functionality of automated guided vehicles by enabling the vehicle to work in warehouses or various industries without any invasive physical barriers. By application, automated guided vehicle (AGV) fleet management platform market includes logistics, warehousing, assembly, packaging, and others. By vertical, the market includes automotive, aerospace, healthcare, retail, manufacturing, food & beverage, and others.

By region, North America is expected to show considerable market growth in the future, owing to the presence of developed economies, such as Canada and the U.S. The U.S. is projected to make significant contributions to the rise of AVG fleet management platform market in the North American region, due to the flourishing U.S. retail sector. The European automated guided vehicle (AGV) fleet management platform market is driven by the increasing exports from the automotive sector.

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Some key players of the global automated guided vehicle (AGV) fleet management platform market include Bastian Solutions, Inc., ASTI, Transbotics, A Scott Company, BA SYSTEMES SAS, Daifuku, Dematic, SSI Schaefer, KMH Systems, Konecranes, Oceaneering International, Pengate Handling Systems, WEWO Europe, Seegrid Corporation, Comau, Crown Equipment Corporation, and Toyota Industries Corporation.

This report segments the global automated guided vehicle (AGV) fleet management platform market into:

Global Automated Guided Vehicle (AGV) Fleet Management Platform Market: By Vehicle Type

Unit Load Carrier
Forklift Truck
Hybrid
Tow Vehicle
Pallet Truck
Others

Global Automated Guided Vehicle (AGV) Fleet Management Platform Market: By Technology

Laser Guidance
Magnetic Guidance
Natural Navigation
Vision Guided
Others

Global Automated Guided Vehicle (AGV) Fleet Management Platform Market: By Application

Logistics
Warehousing
Assembly
Packaging
Others

Global Automated Guided Vehicle (AGV) Fleet Management Platform Market: By Vertical

Automotive
Aerospace
Healthcare
Retail
Manufacturing
Food and Beverage
Others

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Global Automated Guided Vehicle (AGV) Fleet Management Platform Market: By Regional

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa