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Global Automated Guided Vehicle Market - Expected to Grow with CAGR of 8.9% 2016-2023 - Research and MarketsThe "Global Automated Guided Vehicle Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering. Automated guided vehicles are self driven vehicles contain control units, sensor, guide path and interfaces which is programmed to perform a set of operation. Automated guided vehicles propose a mass of advantages such as better workforce safety, and decrement in production time and, decrease in operational cost. The Global Automated Guided Vehicle market is expected to grow with CAGR of 8.9% in the forecasted period of 2016-2023. The key factor driving the market is the innovation in the logistics industry, increasing the technological advancement, growing awareness of workplace safety, rising adoption of lithium ion batteries. The adoption of lithium ion batteries over the conventional batteries is driving the Automated Guided Vehicles market. With some advantage such as high energy density, high durability, safe chemical composition, optimized performance at extreme high and low tmperatures, maintenance free and eco-friendly. The increasing demand for intelligent AGVs and increasing demand for automation in ecommerce companies are creating growth opportunities for the automated guided vehicle market. However, factors restraining the growth of global automated guided vehicle market are high investment and lack of floor spaces for small manufactures. Geographically, Europe is the largest market for global automated guided vehicle market in terms of market revenue. The market growth is majorly attributed to the increasing need for simple, intelligent and flexible material handling automation system. However, Asia pacific is anticipated to emerge as the fastest growing market during the forecast period 2016-2023. The key factors contributing the growth are the expansion of manufacturing plants and increasing production such as electronic vehicles and many more in countries like India, China and Japan. Companies Mentioned
Key Topics Covered: 1. Introduction 2. Market Overview 3. Market Determinants 4. Market Segmentation 5. Competitive Landscape 6. Geography Analysis 7. Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/pwtvw4/global_automated View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005678/en/ |
