New York, NY, April 17, 2019 (GLOBE NEWSWIRE) -- 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.
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.
Browse through 123 Tables & 41 Figures spread over 138 Pages and in-depth TOC on “Global Automated Guided Vehicle (AGV) Fleet Management Platform Market Size, Share, Trends and Forecast 2018–2027”.
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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.
The North American automated guided vehicle (AGV) fleet management platform market is driven by the presence of developed economies like the U.S. and Canada. 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, as there are many retailers investing in online shopping, such as Walmart. In 2018, Walmart announced that it will have a 77% stake in Flipkart and is valued for about USD 16 billion. Furthermore, in 2017, the U.S. e-commerce retail sales increased by 16% in comparison to 2016.
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The European automated guided vehicle (AGV) fleet management platform market is driven by the increasing exports from the automotive sector. The European Union declared that about 5.9 million motor vehicles were exported in 2017. The U.S. is the major importer as about 1.16 million motor vehicles were imported from the European Union in 2017. Furthermore, EU-28 announced that the total value of exported goods was about USD 2.18 trillion in 2017 in comparison to USD 2.03 trillion in 2016.
The Asia Pacific market is driven by two developing nations, China and India. These nations are anticipated to make significant contributions to the automated guided vehicle (AGV) fleet management platform market, owing to the rising investments in the aviation sector. The cumulative FDI in India’s air transport from 2000 to 2016 was worth USD 1,608 million. From 2006 to 2017, the overall Indian freight traffic grew by 7.08%. Owing to the increasing number of flights, the Chinese government in 2016 declared USD 12 billion in investments for developing the country’s aviation infrastructure.
Browse the full “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” Report at https://www.zionmarketresearch.com/report/automated-guided-vehicle-fleet-management-platform-market
Latin America is contributing majorly to the upsurge of the global automated guided vehicle (AGV) fleet management platform market, owing to the region’s growing railway sector. In 2017, rail transportation in Brazil covered about 21% of the overall freight and was around 30% cost-effective in comparison to road transportation. The Brazilian government announced investments worth more than USD 7.5 billion for the railway sector.
In the Middle East and Africa, recent fluctuations in the oil and gas sector resulted in the region’s concentration to shift to non-oil sectors. Saudi Arabia’s current focus on continuous industrial diversification to maintain the balance of the non-oil sector in the country is the most evident example. In 2017, about USD 48.1 billion of petroleum gas exports were from UAE, Qatar, Nigeria, and Saudi Arabia.
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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.
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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
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
- The Middle East and Africa
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