Automated Guided Vehicle (AGV) Market Growth, Demand, Key Players and Forecasts to 2023

Automated Guided Vehicle (AGV) Market Growth, Demand, Key Players and Forecasts to 2023

PR Newswire

PUNE, India, October 26, 2018

PUNE, India, October 26, 2018 /PRNewswire/ --

ReportsnReports adds Global and China Automated Guided Vehicle (AGV) Industry Report, 2018-2023 to its online research library.

In 2017, the automated guided vehicle (AGV) sales soared 93.7% year on year and reached 22,000 units in China, and the figure would rise to 36,000 units or so in 2018. In the upcoming five years, the growing demand from production & logistics market of automobiles and home appliances as well as emerging industries like intelligent logistics will give impetus to the Chinese AGV market with an expected average annual growth rate of about 49%. AGV sales is anticipated to report 269,000 units in 2023.

Access a Complete Report of Global and China Automated Guided Vehicle (AGV) Industry Report, 2018-2023 including 161 no. of pages and global key players at https://www.reportsnreports.com/reports/1747715-global-and-china-automated-guided-vehicle-agv-industry-report-2018-2023.html

Among them, the manufacturing and logistics of automobile and home appliances have huge demand for AGV in China, together consuming more than 50% of AGVs in 2017. The demand from traditional AGV applications, where AGV gets vigorously promoted in an all-round manner, remains stable. The application of AGV in emerging fields like power patrol inspection, intelligent parking, automated ports, and digital stages also gains greater popularity. For instance, the intelligent parking AGV projects are being carried out. The robotic stereo garage was unveiled at Nanjing Confucius Temple in early 2018, using "laser navigation + comb exchange" car-handling AGV with independent intellectual property rights. Beijing-based Wukesong Underground Parking Lot set up over 60 AGV intelligent parking spaces in July 2018.

Navigation technology is a key integral of AGV products. Although magnetic-tape navigation and electromagnetic navigation are still the main navigation modes used by Chinese AGV products, technologies like hybrid navigation, outdoor navigation, free navigation and contour navigation have been increasingly mature in recent years and are expected to become mainstream ones.

The AGV products of domestic-funded enterprises, represented by SIASUN Robot & Automation, Yunnan KSEC Intelligent Equipment, Machinery Technology Development, and Hubei Sanfeng Intelligent Conveying Equipment, dominate in the Chinese AGV market, accounting for 86% of the country's total sales in 2017. Foreign companies, such as JBT, Daifuku, Dematic, Swisslog, and Meidensha, make their presence in the middle and high-end market in China by relying on superior technologies.

The Chinese AGV capital market was full of vigor with annual financing exceeding RMB1 billion in 2017, and some startups expedited their foray by aggressive research and development of technologies so that competition among AGV companies pricks up. With maturity of intelligent technologies, the capital market will be more flourishing in 2018.

Order a Copy of this Research Report at https://www.reportsnreports.com/purchase.aspx?name=1747715

Global and China Automated Guided Vehicle (AGV) Industry Report, 2018-2023 by ResearchInChina highlights the following: 

Table of Contents 

1 Overview

2 Global AGV Market

3. Chinese AGV Market

4 Upstream and Downstream Industries of AGV

5 Major Global AGV Players

6 Key Chinese AGV Companies

List of Charts (Availed in report). 

Another related research report titled Global and Chinese Tugger Automated Guided Vehicle Industry, 2018 Market Research Report: The report provides key statistics on the market status of the Tugger Automated Guided Vehicle manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. 

The companies include: Daifuku, Dematic, Egemin Automation, JBT, Meidensha, Corecon, Seegrid, Aethon, Doerfer, Savant Automation, Bastian Solutions, Murata, Transbotics et al. In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company. Order a Copy of this Research Report at https://www.reportsnreports.com/purchase.aspx?name=1663887

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