The Europe Automated Guided Vehicle Market would witness market growth of 12.9% CAGR during the forecast period (2019-2025). The increased adoption of AGVs across different industries can be related to the benefits of AGVs in terms of productivity, safety, and accuracy. AGVs are equipped with cameras, laser heads and other sensors that help them operate safely around machines, structures and employees. While workers can make mistakes that lead to accidents and mishaps in manufacturing or distribution facilities, AGVs can help improve the accuracy of workflows, thus reducing waste and increasing productivity.
Aerospace and defense production facilities tend to be enormous due to the size of parts such as nacelles, fuselages, engine pods, and wings. Nevertheless, the routes through which these components are passed within the facility appear to be narrow. Natural errors, when moving heavy elements through such narrow paths, may lead to mishaps and accidents. Aerospace and defense companies deploy AGVs so that heavy parts can be transported within the facility on predefined routes and human errors can be prevented.
Many manufacturing plants and warehouses deploy material handling equipment for a variety of activities, such as finding stock, receiving orders, and moving goods and raw materials. Transportation and logistics companies focus mainly on deploying this equipment in order to increase the efficiency of their operations in line with the increasing demand for their services. The AGV market is experiencing a gradual shift from lead-acid batteries to lithium-ion batteries.
Based on Component, the market is segmented into Hardware, Software and Services. Based on type, the market is segmented into Tow Vehicle, Pallet Truck, Unit Load Carrier, Hybrid Vehicles and Forklift Truck & Others. Based on Navigation Technology, the market is segmented into Laser Guidance, Vision Guidance, Magnetic Guidance, Inductive Guidance and Natural Navigation & Others. Based on Application, the market is segmented into Logistics & Warehousing, Assembly, Packaging, Trailer Loading & Unloading and Raw Material Handling & Others. Based on End User, the market is segmented into Automotive, Manufacturing, Logistics, Food & Beverages, Retail, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Automated Guided Vehicle Market in Europe is expected to register a CAGR of 12.9% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Kion Group (Dematic), Toyota Industries Corporation (Bastian Solutions LLC), Daifuku Co., Limited, John Bean Technologies Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding), Hyster-Yale Materials Handling, Inc., E&K Automation GmbH, and The Krones Group.
Market Segmentation:
By Component
By Type
By Navigation Technology
By Application
By End User
By Country
Companies Profiled
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