The global augmented guided vehicle market is anticipated to grow at a CAGR of 31.5% during the forecast period (2023-2030). New product launches along with strategic partnerships adopted by key market players among others is a key factor driving the growth of the global augmented guided vehicle market. For instance, in January 2022, Japanese automaker Toyota Motor Corp. launched its own operating system, which would be capable of handling advanced operations such as autonomous driving, for its vehicles by 2025. The new operating system is predicted to help in monitoring safety systems in automotive as well as traffic information. Furthermore, it can also control key car components such as brakes and steering wheels. The strategic move will further assist Toyota to expand self-driving vehicle industry and AGV business across the globa. Moreover, the initiative also assists the firm in gaining a competitive edge over its business rivals.
Browse the full report description of “Automated Guided Vehicle Market Size, Share & Trends Analysis Report by Product Type (Automated Forklift, Automated Tow/Tractor/Tugs, Unit Load, Assembly Line, and Others), and By End-User Industries (Food & Beverage, Automotive, Retail, Electronics & Electrical, General Manufacturing, Pharmaceuticals, and Other End-User Industries) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/automated-guided-vehicle-market
Further, in December 2022, Kollmorgen Automation partnered with Front AGV, a Swedish integrator and designer of automated guided vehicles (AGVs), to create “top-level AGV solutions”. In June 2022, SoftBank Robotics America (SBRA) announced a strategic development and equity partnership with Autonomous Solutions Inc. (ASI). With a focus on outdoor automation, the partnership will accelerate the development of practical landscaping care solutions and logistics solutions (i.e. warehouse terminals and shipping ports).
Furthermore, In January 2023, Barcoding, Inc. acquired FRED Automation, Inc., an automated guided vehicle (AGV) company. This acquisition represents continued expansion and investment in industrial automation for Barcoding, Inc. Such developments are anticipated to drive the global augmented guided vehicle market growth.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including KUKA Aktiengesellschaft, Jungheinrich, Murata Machinery, Ltd., Daifuku Co., Ltd, and Toyota Industries Corp. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Augmented Guided Vehicle Market Report Segment
By Product Type
By End-User Industry
Global Augmented Guided Vehicle Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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