{"id":16179,"date":"2020-07-30T09:30:00","date_gmt":"2020-07-30T09:30:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/07\/30\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\/"},"modified":"2020-07-30T09:30:00","modified_gmt":"2020-07-30T09:30:00","slug":"automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/30\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\/","title":{"rendered":"Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025 &#8211; Exclusive Report by MarketsandMarkets\u2122"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 30, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report\u00a0<b>&#8220;Automated Guided Vehicle (AGV) Market\u00a0with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography &#8211; Global Forecast to 2025&#8221;,\u00a0<\/b>published by MarketsandMarkets\u2122, the Automated Guided Vehicle (AGV) Market\u00a0is projected to grow from <span class=\"xn-money\">USD 2.3 billion<\/span> in 2020 to <span class=\"xn-money\">USD 3.6 billion<\/span> by 2025; it is expected to grow at a CAGR of 9.3% from 2020 to 2025. The key factors fueling the growth of the market include growing demand for automation in material handling across industries, improved safety standards at workplaces, and shift in demand from mass production to mass customization. Additionally, integration of industry 4.0 with robotics is also augmenting the growth of the AGV market.<\/p>\n<div id=\"prni_dvprnejpgfbeeleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpgfbeeleft\" title=\"MarketsandMarkets Logo\" border=\"0\" alt=\"MarketsandMarkets Logo\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\" imagelabel=\"Logo\"\/><\/div>\n<p><b>Ask for PDF Brochure:<br \/><\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=27462395\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=27462395<\/a><\/p>\n<p><b>The laser guidance segment to hold the largest size of the AGV market by 2025.<\/b><\/p>\n<p>The growth of the laser-guided AGVs market can be attributed to their flexibility, scalability, and accuracy of the laser guidance technology. It also improves safety, increases throughput, and minimizes downtime. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It allows the vehicles to operate in a warehouse without the need for invasive barriers. Due to the imposition of lockdowns across different countries as result of COVID-19 outbreak, companies are facing severe cash flow issues. Halting or slowing down of production across industries has resulted in a decline in demand for AGVs.<\/p>\n<p><b>The tow vehicles to account for the largest size of the\u00a0AGV\u00a0market\u00a0in 2020.<\/b><\/p>\n<p>The implementation of tow vehicles in warehouses and stores helps operator achieve maximum efficiency, which is expected to contribute to the highest growth of the market for e-commerce during the forecast period.\u00a0 Moreover, the prominent players in the industry have been affected owing to outbreak of COVID-19. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the AGV market in FY20.<\/p>\n<p><i>Browse\u00a0in-depth TOC on<\/i><b>\u00a0&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/automated-guided-vehicle-market-27462395.html\" rel=\"nofollow\">Automated Guided Vehicle (AGV) Market<\/a>&#8220;<br \/><b><br \/>157 \u2013 Tables <br \/>43 \u2013 Figures <br \/>208 \u2013 Pages\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b><\/p>\n<p><b>Inquiry Before Buying:<br \/><\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=27462395#utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=27462395<\/a><\/p>\n<p><b><span class=\"xn-location\">Europe<\/span> projected to be the largest market for a\u00a0AGV\u00a0from 2020 to 2025.<\/b><\/p>\n<p><span class=\"xn-location\">Europe<\/span> is projected to hold the largest size of the AGV market during the forecast period. The presence of a large number of key players in this region, along with the large customer base, is among the major factors driving the AGV market in <span class=\"xn-location\">Europe<\/span>. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce overall operational costs. Due to COVIDf-19, various industries in the <span class=\"xn-location\">Europe<\/span> are suffering from unprecedented strain on its economy. The government orders for suspension of production and temporary shutdown are further affecting the industrial output in the region. Thus, the economic slowdown resulting from the COVID-19 is impacting the demand for AGVs in <span class=\"xn-location\">Europe<\/span>.<\/p>\n<p>The key players operating in the AGV market include Daifuku (<span class=\"xn-location\">Japan<\/span>), JBT (US), KION (<span class=\"xn-location\">Germany<\/span>), KUKA (<span class=\"xn-location\">Germany<\/span>), Toyota Industries (<span class=\"xn-location\">Japan<\/span>), Hyster-Yale (US), <span class=\"xn-person\">SSI Schaefer<\/span> (<span class=\"xn-location\">Germany<\/span>), E&amp;K Automation (<span class=\"xn-location\">Germany<\/span>), Oceaneering (US), and Seegrid (US).<\/p>\n<p><b>Related Reports:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/agv-software-market-46943631.html\" rel=\"nofollow\">AGV Software Market<\/a>\u00a0by Offering (In-built Vehicle Software and Integrated Software), Industry (Automotive, Manufacturing, Food &amp; Beverages, Aerospace, Healthcare, Logistics, Retail), and Geography &#8211; Global Forecast to 2023<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/automated-material-handling-manufacturing-market-92483121.html\" rel=\"nofollow\">Automated Material Handling Equipment Market<\/a>\u00a0by Product (Robots, ASRS, Conveyor and Sortation Systems, Cranes, AGV), System Type (Unit Load, Bulk Load), Software &amp; Services, Function, Industry, and Region &#8211; Global Forecast to 2024<\/p>\n<p><b>About MarketsandMarkets\u2122<\/b>\u00a0<\/p>\n<p>MarketsandMarkets\u2122 provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies&#8217; revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets\u2122 for their painpoints around revenues decisions.<\/p>\n<p>Our 850 fulltime analyst and SMEs at MarketsandMarkets\u2122 are tracking global high growth markets following the &#8220;Growth Engagement Model \u2013 GEM&#8221;. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write &#8220;Attack, avoid and defend&#8221; strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets\u2122 now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets\u2122 is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n<p>MarketsandMarkets&#8217;s flagship competitive intelligence and market research platform, &#8220;Knowledge Store&#8221; connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n<p><b>Contact:<br \/>Mr. <span class=\"xn-person\">Aashish Mehra<\/span><br \/><\/b>MarketsandMarkets\u2122 INC.<br \/>630 Dundee Road<br \/>Suite 430<br \/><span class=\"xn-location\">Northbrook, IL<\/span> 60062<br \/><span class=\"xn-location\">USA<\/span>: +1-888-600-6441<br \/>Email: <a target=\"_blank\" href=\"mailto:sales@marketsandmarkets.com\" rel=\"nofollow\">sales@marketsandmarkets.com <\/a><br \/>Visit Our Web Site: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com <\/a><br \/>Research Insight : <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/ResearchInsight\/automated-guided-vehicle-market.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/ResearchInsight\/automated-guided-vehicle-market.asp<\/a>\u00a0 <br \/>Content Source : <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/PressReleases\/automated-guided-vehicle.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/PressReleases\/automated-guided-vehicle.asp<\/a><\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg<\/a> <\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN78327&amp;Transmission_Id=202007300930PR_NEWS_EURO_ND__EN78327&amp;DateId=20200730\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 30, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report\u00a0<b>&#8220;Automated Guided Vehicle (AGV) Market\u00a0with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography &#8211; Global Forecast to 2025&#8221;,\u00a0<\/b>published by MarketsandMarkets\u2122, the Automated Guided Vehicle (AGV) Market\u00a0is projected to grow from <span class=\"xn-money\">USD 2.3 billion<\/span> in 2020 to &lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-16179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/30\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, July 30, 2020 \/PRNewswire\/ -- According to the new market research report\u00a0&quot;Automated Guided Vehicle (AGV) Market\u00a0with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025&quot;,\u00a0published by MarketsandMarkets\u2122, the Automated Guided Vehicle (AGV) Market\u00a0is projected to grow from USD 2.3 billion in 2020 to &lt;span...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/30\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\/\" \/>\n<meta property=\"og:site_name\" content=\"Multisitio 2\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-30T09:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/05\/16179_1_1088.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"669\" \/>\n\t<meta property=\"og:image:height\" content=\"229\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"venred\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"venred\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/07\\\/30\\\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/07\\\/30\\\/automated-guided-vehicle-agv-market-worth-3-6-billion-by-2025-exclusive-report-by-marketsandmarkets\\\/\"},\"author\":{\"name\":\"venred\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\"},\"headline\":\"Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025 &#8211; 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