Automated Guided Vehicle Market in Asia Pacific is expected to register a CAGR of 14.4% during the forecast period (2019-2025) - KBV Research

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According to a new report Asia Pacific Automated Guided Vehicle Market, published by KBV Research, the Asia Pacific Automated Guided Vehicle Market would witness market growth of 14.4% CAGR during the forecast period (2019-2025).

The China market dominated the Asia Pacific Vision Guidance Automated Guided Vehicle (AGV) Market by Country in 2018, growing at a CAGR of 12.6 % during the forecast period. The Japan market is showcasing a CAGR of 14.1% during (2019 - 2025). Additionally, The India market would grow at a CAGR of 15.6% during (2019 - 2025).

The Logistics & Warehousing market dominated the India Automated Guided Vehicle (AGV) Market by Application in 2018, thereby, achieving a market value of $80.6 million by 2025. The Assembly market is expected to witness a CAGR of 15% during (2019 - 2025). Additionally, The Packaging market is anticipated to grow at a CAGR of 16% during (2019 - 2025).

The Automotive market dominated the South Korea Automated Guided Vehicle (AGV) Market by End User in 2018, growing at a CAGR of 14.1 % during the forecast period. The Manufacturing market is poised to grow at a CAGR of 14.7% during (2019 - 2025). The Logistics market is exhibiting a CAGR of 17.7% during (2019 - 2025). Additionally, The Food & Beverages market is experiencing to witness CAGR of 17.1% during (2019 - 2025).

Structural Insights: https://www.kbvresearch.com/asia-pacific-automated-guided-vehicle-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.