global automated guided vehicle market: -analysis & forecast, 2016-2022

Global Automated Guided Vehicle Market: -Analysis & Forecast, 2016-2022

(Focus on Major Vehicle Types, Guidance Technologies, Applications & Industries)



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Table of Contents

Executive Summary ................................................................................. 15

1 Research Scope & Methodology .......................................................... 26

1.1 Scope of the Report .................................................................. 26

1.2 Global Automated Guided Vehicle Market Research

Methodology ............................................................................. 27

2 Market Overview ................................................................................ 32

2.1 Mobile Robot ............................................................................ 32

2.2 Market Dynamics ...................................................................... 33

2.2.1 Drivers ......................................................................... 33

2.2.1.1 Operational Flexibility In Manufacturing Facilities ......... 33

2.2.1.2 High Access To Complex Areas Within The

Manufacturing Facility .............................................. 34

2.2.1.3 Optimum use of labor force ...................................... 34

2.2.1.4 Increased Safety In The Workspace ........................... 34

2.2.2 Challenges ................................................................... 35

2.2.2.1 Complex Installation Procedures ................................ 35

2.2.2.2 High Upfront Cost And Long Return On Investment Period .................................................................... 35

2.2.3 Opportunities ............................................................... 36

2.2.3.1 Demand For Logistics And Warehouse In Ecommerce ............................................................. 36

2.2.3.2 Rise Of Smart AGV Network ...................................... 36

3 Competitive Insights .......................................................................... 37

3.1 Key Market Developments and Strategies in the Global

Autonomous Guidance Vehicle Market ...................................... 37

3.1.1 % Share of Key Market Developments And

Strategies .................................................................... 37

3.1.2 Product Launches ......................................................... 38

3.1.3 Partnerships ................................................................ 39



3.1.4 Acquisitions ................................................................. 39

3.1.5 Business Expansion ...................................................... 41

3.1.6 Contracts ..................................................................... 42

3.1.7 Others .......................................................................... 43

3.2 Key Industry Safety Standards for Autonomous Guidance

Vehicle Market .......................................................................... 44

3.2.1 ANSI/ITSDF B56.5-2012 .............................................. 44

3.2.2 ASTM International ASTM F45 ...................................... 44

3.3 Value Chain Analysis ................................................................ 45

3.4 Product Mapping....................................................................... 46

4 Global Automated Guided Vehicle Market Analysis and Forecast ........ 49

4.1 Assumptions and limitations for the analysis and forecast

of the global automated guided vehicle market ........................ 49

4.2 Market Overview ...................................................................... 50

5 Global Automated Guided Vehicle Market, by Vehicle ......................... 51

5.1 Market Overview ...................................................................... 51

5.2 TOW Vehicle ............................................................................. 53

5.3 Load Transfer Trucks ................................................................ 54

5.4 Fork Lift Vehicle........................................................................ 55

5.5 Pallet Trucks ............................................................................. 56

5.6 Assembly Line Vehicles............................................................. 57

5.7 Others ...................................................................................... 58

6 Global Automated Guided Vehicle Market, by Guidance

Technology ......................................................................................... 59

6.1 Market Overview ...................................................................... 59

6.2 Traditional Guidance ................................................................. 61

6.3 Laser Guidance ......................................................................... 62

6.4 Natural Features Guidance ....................................................... 63

6.5 Vision Guided Vehicle ............................................................... 64

7 Global Automated Guided Vehicle Market, by Application ................... 66



7.1 Market Overview ...................................................................... 66

7.2 Transportation .......................................................................... 68

7.3 Distribution .............................................................................. 69

7.4 End Of Line Transport ............................................................... 70

7.5 Roll Handling ............................................................................ 71

7.6 Others ...................................................................................... 72

8 Global Automated Guided Vehicle Market, by Industry ....................... 74

8.1 Market Overview ...................................................................... 74

8.2 Automotive Industry ................................................................ 76

8.3 Electrical & Electronics Industry ............................................... 77

8.4 Logistics & Distribution ............................................................ 78

8.5 Pharmaceuticals ....................................................................... 79

8.6 Plastics & Polymers .................................................................. 80

8.7 Food & Beverage ...................................................................... 81

8.8 Others ...................................................................................... 83

9 Global Automated Guided Vehicle Market, by Geography ................... 84

9.1 Market Overview ...................................................................... 84

9.2 North America .......................................................................... 87

9.2.1 Market Overview .......................................................... 87

9.2.2 The United States ......................................................... 88

9.2.3 Canada ......................................................................... 89

9.3 Europe ...................................................................................... 91

9.3.1 Market Overview .......................................................... 91

9.3.2 United Kingdom ........................................................... 92

9.3.3 Germany ...................................................................... 93

9.3.4 France .......................................................................... 94

9.3.5 Spain ............................................................................ 95

9.3.6 Italy ............................................................................. 96

9.4 Asia-Pacific ............................................................................... 97

9.4.1 Market Overview .......................................................... 97



9.4.2 China ............................................................................ 98

9.4.3 India ............................................................................ 99

9.4.4 South Korea ............................................................... 100

9.4.5 Japan ......................................................................... 101

9.5 Rest of the World (ROW) ........................................................ 103

9.5.1 Market Overview ........................................................ 103

9.5.2 Middle East ................................................................ 104

9.5.3 Latin America ............................................................. 105

9.5.4 Africa ......................................................................... 106

10 Company Profile ............................................................................... 108

10.1 John Bean Technologies Corporation ...................................... 108

10.1.1 Company Overview .................................................... 108

10.1.2 Product Offerings ....................................................... 109

10.1.3 Financials ................................................................... 110

10.1.3.1 Overall Financials ................................................... 110

10.1.3.2 Financial Summary ................................................. 110

10.1.3.3 Business Segment Revenue Mix ............................... 111

10.1.3.4 Product Revenue Mix............................................... 111

10.1.3.5 Geography Revenue Mix .......................................... 112

10.1.4 SWOT Analysis ........................................................... 113

10.2 Omron Adept Technologies ..................................................... 114



10.2.3 Financials ................................................................... 116


10.2.4 Financial Summary ..................................................... 116

10.2.4.1 Segment Revenue Mix ............................................. 117

10.2.4.2 Geography Revenue Mix .......................................... 117

10.2.5 SWOT Analysis ........................................................... 118

10.3 KION Group ............................................................................ 119





10.3.3 Financials ................................................................... 121



10.3.3.3 Business Revenue Mix ............................................. 122

10.3.3.4 Geographic Revenue Mix ......................................... 122

10.3.4 SWOT Analysis ........................................................... 123

10.4 Meidensha Corporation ........................................................... 124


10.4.2 Product Offering ........................................................ 125

10.4.3 Financials ................................................................... 126



10.4.3.3 Business Segment Revenue Mix ............................... 127

10.4.4 SWOT Analysis ........................................................... 128

10.5 Swisslog Holding AG ............................................................... 129



10.5.3 Financials ................................................................... 131



10.6 Seegrid ................................................................................... 132



10.7 Daifuku Group ........................................................................ 134


10.7.2 Products Offerings ..................................................... 135

10.7.3 Financials ................................................................... 136



10.7.3.3 Geographic Revenue Mix ......................................... 137



10.7.4 SWOT Analysis ........................................................... 138

10.8 Transbotics Corporation ......................................................... 139


10.8.2 Products Offerings ..................................................... 140

10.9 Clearpath Robotics ................................................................. 141



10.10 Rocla Oy ................................................................................. 143



11 Appendix .......................................................................................... 145

Expert Insights ................................................................................. 145



List of Tables

Table 3.1 New Product Launch and Business Expansion 38

Table 3.2 Acquisitions 40

Table 3.3 Business Expansion 41

Table 3.4 Contracts 42

Table 3.5 Others 43

Table 3.6 Product mapping 46

Table 9.1 Global Automated Guided Vehicle Market ($Million) by Geography, 2015-2022 86



List of Figures

Figure 1 Global Gross Domestic Product (GDP) Growth Rate (%), 2014-2018 16

Figure 2 Manufacturing Value Added to Global GDP (%), 2014-2016 17

Figure 3 Global Automated Guided Vehicle Market, Opportunity Analysis 2015 & 2022, $Million 18

Figure 4 The Global Automated Guided Vehicle Market by Value ($Million) & Volume (Units), 2015-2021 19

Figure 5 The Global Automated Guided Vehicle Market ($Million) by Industry, 2015-2022 20

Figure 6 The Global Automated Guided Vehicle Market ($Million) by Guidance Technology, 2015-2022 21

Figure 7 The Global Automated Guided Vehicle Market ($Million) by Application, 2015-2022 22

Figure 8 The Global Automated Guided Vehicle Market ($Million) by Industry, 2015-2022 23

Figure 9 The Global Automated Guided Vehicles Market ($Million) by Geography, 2015 24

Figure 1.1 Global Automated Guided Vehicle Market Scope 26

Figure 1.2 Secondary Sources 28

Figure 1.3 Top Down and Bottom up Approach 29

Figure 1.4 Global Automated Guided Vehicle Market Influencing Factors 30

Figure 1.5 Assumptions and Limitations 31

Figure 2.1 Mobile Robots Types 32

Figure 2.2 Global Automated Guided Vehicles Market: Market Dynamics 33

Figure 3.1 % Share of Developments and Strategies 37

Figure 3.2 Partnerships 39

Figure 3.3 Value Chain Analysis of the Global Autonomous Guidance Vehicle Market 45

Figure 4.1 Global Automated Guided Vehicle Market by Value ($Million) & Volume (Units),

2015-2022 50

Figure 5.1 Global Automated Guided Vehicle Market by Industry: Segmentation 51

Figure 5.2 Global Automated Guided Vehicle Market by Vehicle, 2015-2022 52

Figure 5.3 Global Automated Guided Vehicle Market ($Million), by TOW Vehicle, 2015-2022 53

Figure 5.4 The Global Automated Guided Vehicle Market ($Million) by Load Transfer Trucks,

2015-2022 54

Figure 5.5 The Global Automated Guided Vehicle Market ($Million) by Forklift Vehicle, 2015-2022 55

Figure 5.6 Global Automated Guided Vehicle Market ($Million) by Pallet Trucks, 2015-2022 56

Figure 5.7 Global Automated Guided Vehicle Market ($Million) by Assembly Line Vehicle, 2015-2022 57

Figure 5.8 Global Automated Guided Vehicle Market ($Million) by Other Vehicle, 2015-2022 58



Figure 6.1 Global Automated Guided Vehicle Market ($Million) by Navigation Technology:

Segmentation 59

Figure 6.2 Global Automated Guided Vehicle Market ($Million) by Navigation Technology, 2015-2022 60

Figure 6.3 Global Automated Guided Vehicle Market ($Million) by Traditional Guidance Technology, 2015-2022 61

Figure 6.4 Global Automated Guided Vehicle Market ($Million) by Application by Laser Guidance Technology, 2015-2022 62

Figure 6.5 Global Automated Guided Vehicle Market ($Million) by Natural Features Guidance

Technology, 2015-2022 63

Figure 6.6 Global Automated Guided Vehicle Market ($Million) by Vision Guided Technology, 2015-2022 64

Figure 7.1 Global Automated Guided Vehicle Market by Application 66

Figure 7.2 Global Automated Guided Vehicle Market by Application, 2015-2022 67

Figure 7.3 Global Automated Guided Vehicle Market ($Million) by Application: Transportation, 2015-2022 68

Figure 7.4 The Global Automated Guided Vehicle Market ($Million): Distribution, 2015-2022 69

Figure 7.5 The Global Automated Guided Vehicle Market ($Million): End of Line Transport, 2015-2022 70

Figure 7.6 Global Automated Guided Vehicle Market ($Million): Roll Handling, 2015-2022 71

Figure 7.7 Global Automated Guided Vehicle Market ($Million) by Applications: Others,

2015-2022 72

Figure 8.1 Global Automated Guided Vehicle Market ($Million) by Industry: Segmentation 74

Figure 8.2 Global Automated Guided Vehicle Market ($Million) by Industry 2015-2022 75

Figure 8.3 Global Automated Guided Vehicle Market ($Million) by Industry: Automotive,

2015-2022 76

Figure 8.4 Global Automated Guided Vehicle Market ($Million) by Industry: Electrical & Electronics, 2015-2022 77

Figure 8.5 Global Automated Guided Vehicle Market ($Million) by Industry: Logistics & Distribution, 2015-2022 78

Figure 8.6 Global Automated Guided Vehicle Market ($Million) by Industry: Pharmaceuticals, 2015-2022 79

Figure 8.7 Global Automated Guided Vehicle Market ($Million) by Industry:

General Assembly & Manufacturing, 2015-2022 80

Figure 8.8 Global Automated Guided Vehicle Market ($Million) by Industry: Food & Beverage, 2015-2022 81

Figure 8.9 Applications of Automated Guided Vehicles in Food & Beverage Industry 82

Figure 8.10 Global Automated Guided Vehicle Market ($Million) by Industry: Others, 2015-2022 83



Figure 9.1 Global Automated Guided Vehicle Market by Geography: Segmentation 85

Figure 9.2 Global Automated Guided Vehicle Market ($Million), 2015 86

Figure 9.3 North America Industrial Robot Market ($Million), 2015-2022 87

Figure 9.4 The U.S Automated Guided Vehicle Market ($Million), 2015-2022 88

Figure 9.5 Canadian Automated Guided Vehicle Market ($Million), 2015-2022 89

Figure 9.6 Europe Automated Guided Vehicle Market ($Million), 2015-2022 91

Figure 9.7 The United Kingdom (U.K) Automated Guided Vehicle Market ($Million), 2015-2022 92

Figure 9.8 Germany Automated Guided Vehicle Market ($Million), 2015-2022 93

Figure 9.9 France Automated Guided Vehicle Market ($Million), 2015-2022 94

Figure 9.10 Spain Automated Guided Vehicle Market ($Million), 2015-2022 95

Figure 9.11 Italy Automated Guided Vehicle Market ($Million), 2015-2022 96

Figure 9.12 Asia Pacific Automated Guided Vehicle Market ($Million), 2015-2022 97

Figure 9.13 China Automated Guided Vehicle Market ($Million), 2015-2022 98

Figure 9.14 India Automated Guided Vehicle Market ($Million), 2015-2022 99

Figure 9.15 South Korea Automated Guided Vehicle Market ($Million), 2015-2022 100

Figure 9.16 Japan Pacific Automated Guided Vehicle Market ($Million), 2015-2022 101

Figure 9.17 ROW Automated Guided Vehicle Market ($Million), 2015-2022 103

Figure 9.18 Middle East Automated Guided Vehicle Market ($Million), 2015-2022 104

Figure 9.19 Latin America Automated Guided Vehicle Market ($Million), 2015-2022 105

Figure 9.20 Africa Automated Guided Vehicle Market ($Million), 2015-2022 106

Figure 10.1 JBT Corporation: Product Offerings 109

Figure 10.2 JBT Corporation: Overall Financials, 2013-2015 ($Million) 110

Figure 10.3 JBT Corporation: Business Segment Revenue Mix, 2013-2015 ($Million) 111

Figure 10.4 JBT Corporation: Geographic Revenue Mix, 2013-2015 ($ Million) 111

Figure 10.5 JBT Corporation: Geographic Revenue Mix, 2013-2015 ($ Million) 112

Figure 10.6 Omron Adept Technologies: Product Offerings 115

Figure 10.7 Omron Adept Technologies: Overall Financials, 2013-2015 ($Million) 116

Figure 10.8 Omron Adept Technologies: Business Segment Revenue Mix, 2013-15 ($Million) 117

Figure 10.9 Omron Adept Technologies: Geography Revenue Mix, 2013-15 ($Million) 117

Figure 10.10 KION Group: Brands & Product Offerings 120

Figure 10.11 KION Group: Overall Financials, 2013-2015 ($ Million) 121

Figure 10.12 KION Group: Business Segment Revenue Mix, 2013-15 ($Million) 122

Figure 10.13 KION Group: Geographic Revenue Mix, 2013-15 ($Million) 122

Figure 10.14 KION Group: SWOT Analysis 123

Figure 10.15 Product Offerings: Meidensha Corporation 125



Figure 10.16 Meidensha Corporation: Overall Financials, 2013-2015 ($Million) 126

Figure 10.17 Meidensha Corporation: Business Segment Revenue Mix, 2013-15 ($Million) 127

Figure 10.18 Swisslog Holdings: Product Offerings 130

Figure 10.19 Swisslog Holdings AG: Overall Financials, 2013-2015 ($ Million) 131

Figure 10.20 Seegrid: Product Offerings 133

Figure 10.21 Daifuku Group: Product Offerings 135

Figure 10.22 Daifuku Group: Overall Financials, 2013-2015 ($ Million) 136

Figure 10.23 Daifuku Group: Geographic Revenue Mix, 2013-15 ($Million) 137

Figure 10.24 Transbotics Corporation: Product Offerings 140

Figure 10.25 Clearpath Robotics: Product Offerings 142

Figure 10.26 Rocla Oy: Product Offerings 144



List of Acronyms

Acronyms Descriptions

GDP Gross Domestic Product

MVA Manufacturing Value Addition

SME Small and Medium Enterprises

OEM Original Equipment Manufacturers

UGV Unmanned Ground Vehicle

AGV Automated Guided Vehicle

ITR Inverted three Rail

ROS Robot Operating System

ASRS Automated Storage and Retrieval System

ADB Asian Development Bank

ITDF Industry Truck Standards Development Foundation

ANSI American National Standards Institute

PAS Power Automation System



Executive Summary

Globally, manufacturing has been witnessed as a primary route towards economic development by many developing

economies since a number of decades. It was regarded as a long term tool to push the economy towards

development and growth for the masses. Post 2008 financial crisis, many major countries begun to face problem

while trying to align their national trade with the global economy. These countries discovered that the sustenance

of the manufacturing sector is largely dependent on the productivity of their manufacturing processes and the

quality of the products developed. Hence, the requirement for the industrial automation was greatly felt by the

developed and developing economies which acted as a major factor of growth for this technology.

Industrial automation involves use of control systems (computers or robots), and information technologies for

handling different processes and equipment in an industry. Industrial robots, that forms a major part of the overall

industrial automation setup, consists of different underlying technologies.

These technologies include automated guided vehicles, collaborative robots etc. They perform a variety of tasks and

are programmable to different processes in a manufacturing setup. Industrial robots are often used to perform tasks

that are dangerous for human workers and that require high output with precision.

Automated guided vehicles are an integral part of the entire industrial robotic ecosystem. The concept evolves from

the possibility of a human sharing workspace with its robot counterpart, thus, infusing high amount of productivity

and quality into the task. Automated guided vehicles are mobile and flexible in nature. Hence can be deployed easily

for material handling tasks. They come with different navigation technologies and for different applications.

Generally, there are five types of automated guided vehicles viz. tow trucks, load transfer trucks, forklifts, pallet

trucks, assembly line vehicles. All of them are based on different navigation technologies such as laser guidance,

vision guidance and natural features, among others. Some of the key players in the AGV market are Egemin

automation, Swisslog, Daifuku, Bluebotics and Transbotics Corporation.



Figure 1

Global Gross Domestic Product (GDP) Growth Rate (%), 2014-2018

World Bank Global Economic Prospects 2016, BIS Research Analysis,

(Note: e stands for “estimate” f stands for “forecast”)

In the aforementioned chart gross domestic product (GDP) of developed and developing countries is shown. Gross

Domestic product (GDP) is defined as the monetary value of all the finished goods and services produced within the

country’s border in any given time period. It is used as a parameter to gauge the overall health of the economy and

its fiscal condition. As of 2016, the global GDP is estimated to be growing at a rate of XX% whereas for advanced

and emerging economies it is estimated to be XX% and XX%, respectively. Both manufacturing and services sectors

holds the ability to create jobs, increase national wealth and raise living standards. Global economic growth to an

extent is dependent on the manufacturing and services sectors. Hence, with increase in manufacturing activities

based on consumer the demand for industrial automation will gradually increase.

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World Advanced Economies Emerging & Developing Economies



Figure 2

Manufacturing Value Added to Global GDP (%), 2014-2016

United Nations Industrial Development Organization, World Manufacturing Production Report Quarter II 2016 report, BIS Research Analysis

The above shown chart exhibits the dependence of manufacturing value on world GDP. Manufacturing sector creates

value addition to the national economy. Hence, Manufacturing Value Added (MVA) is defined as the monetary value

added to the global economy in a given time period. It shows the relevance of the manufacturing industry in context

to the global economy. In 2015, the value added to the global GDP by the manufacturing industry was XX% and is

projected to get XX% in 2016. The increase in the percentage is due to the stable performances by the Asian

economies. At present, most of the businesses in Europe and Asia Pacific that are part of the manufacturing industry

are small and medium enterprises. The share of small and medium businesses in the Asian and European countries

is around XX% of their total businesses. This shows the key relevance of small and medium sized enterprises (SMEs)

in the growth of the manufacturing sector and the global economy. In addition to the manufacturing sector, small

and medium enterprises have a sizeable presence in the services sector. For example, In India, contribution of the

services sector to the GDP is over XX%.

Globally, most businesses suffer from the lack of productivity and quality issues, thereby hampering their overall

growth. The growth in labor wages and lack of skilled human resources are further aggravating the situation.

Automated guided vehicle technology is well established to provide effective solutions in the form of low cost

effective automation to the businesses thereby allowing them to use the available human resources optimally.

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2013 2014 2015 2016f



Figure 3

Global Automated Guided Vehicle Market, Opportunity Analysis 2015 & 2022, $Million

BIS Research Analysis

The aforementioned charts exhibit the demand of different automated guided vehicle types across different

geographical region. Automated guided vehicles form an integral part of industrial automation. With rising economic

uncertainty and human resources crisis, it is gradually seen as a viable option to automate repetitive tasks like

material handling. In the graphs above, the growth opportunity of different types of automated guided vehicles are

shown against different geographies. In the North American region, the market value of the load transfer trucks

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TOW VEHICLE

LOAD TRANSFER TRUCK

FORKLIFT VEHICLE

PALLET TRUCKS

ASSEMBLY LINE VEHICLES

OTHERS

AUTOMATED GUIDED VEHICLE MARKET: DIFFERENT VEHICLE TYPES VS GEOGRAPHY, 2022, $MILLION

North America Europe Asia Pacific RoW

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TOW VEHICLE

LOAD TRANSFER TRUCK

FORKLIFT VEHICLE

PALLET TRUCKS

ASSEMBLY LINE VEHICLES

OTHERS

AUTOMATED GUIDED VEHICLE MARKET: DIFFERENT VEHICLE TYPES VS GEOGRAPHY, 2015 $MILLION

North America Europe Asia Pacific RoW



was $XX million in 2015 and is projected to reach $XX million in the forecast period. The value of the automated

guided vehicle market in Asia Pacific was $XX million and is projected to reach $XX million by 2022. In North

America, the revival of the national economy and growth in ecommerce and logistics will contribute to the demand

for automated guided vehicles, whereas in Asia Pacific ecommerce and logistics will be the dominant factor for

further development.

The Global Automated Guided vehicle Market

In terms of value, the global automated guided vehicle market accounted for $XX million in the year 2015 and is

projected to reach $XX million at a CAGR of XX%. The number of automated guided vehicles shipped in the year

2015 was around 15,567 units which is projected to reach 43,458 units by 2022.

The following figure shows the global automated guided vehicle market for the time period 2015 -2022:

Figure 4

The Global Automated Guided Vehicle Market by Value ($Million) & Volume (Units),

2015-2021


With the global trade becoming competitive day by day, both established and emerging businesses are grappling

to deal with a host of operational and quality issues to retain their competitiveness in the global market. As a result,

they are in the process of exploring towards viable solutions to increase their productivity and quality.

XXXX

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Units

$M

illion

Value ($Million) Volume (Units)

CAGR (Volume), 2015-2022: XX%CAGR (Value), 2015-2022: XX%



Automated guided vehicles technology as a branch of industrial automation, therefore, provide a cost effective

option to these businesses. As of 2015, the value of automated guided vehicle market was $XX million and is

projected to reach $XX million by 2022 at a CAGR of XX%. The demand for automated guided vehicles will be led

by ecommerce, logistics and consumer electronics industry, among others. Factors such as rising labor cost,

increasing market competition and overall operational cost will push industries to adopt automated guided vehicles

for material handling tasks.

The Global Automated Guided Vehicle Market by Vehicle

Figure 5

The Global Automated Guided Vehicle Market ($Million) by Industry, 2015-2022


The aforementioned chart shows the market value of different automated guided vehicles. Over the forecast period

the demand for load transfer trucks is projected to increase because of the demand especially from ecommerce,

logistics and distribution industry along with other industries. Load transfer trucks are used to move loads across

the factory or ware house facilities. They carry heavy loads and are also used to feed assembly lines.

With gradual economic revival and growth in manufacturing activities there will be a demand for tow vehicles across

automotive and electrical and electronics industry, among others. Tow vehicles are used to shift in process goods

and articles within a factory workspace. The market value of tow vehicles was $XX million in 2015 and is expected

to reach $XX million by 2022. Some of the primary reasons that will drive adoption of automated guided vehicles

XX XX XX XX X

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2015 2016 2017 2018 2019 2020 2021 2022

$M

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Tow Vehicle Load Transfer Truck Forklift Vehicle Pallet Trucks Assembly line Vehicles Others

CAGR(2015-2022): XX%



by industries will be mobility, flexibility and cost savings when deployed across manufacturing and production lines.

The adoption of automated guided vehicles will also help in optimum use of human resource across different tasks,

thereby enhancing their quality and productivity.

The Global Automated Guided Vehicle Market by Guidance Technology

Figure 6

The Global Automated Guided Vehicle Market ($Million) by Guidance Technology, 2015-

2022


Automated guided vehicles navigate through narrow lanes and amid high human presence within a factory or a

warehouse floor based some guidance technologies. In the current study, the market has been segmented based

on four important guidance technologies viz. traditional guidance, laser guidance, natural features guidance and

vision guidance. Traditional guidance consists of three different guidance technologies viz. magnetic tape guided,

optical tape guided and inductive (wire) guidance. The market value of traditional guidance technology based

automated guided vehicles was $XX million in 2015 and is projected to reach $XX million by 2022. However, vision

based guidance is slowly emerging as an alternative to laser and natural features based guidance technologies. In

2015, market value of the vision based guided technologies was $XX million and is projected to reach $XX million

by 2022. Seegrid Corporation has been the pioneer in vision based guided technology, gradually pushing it across

XX X

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2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Traditional Vehicle (Optical tape/Magnetic Tape/Inductive Guidance)

Laser Guidance

Natural Features

Vision Guided

CAGR (2015-2022): XX%



different industries. That being said, over the forecast period, laser guidance and natural features based guidance

will continue to grow across key industries like automotive, logistics and food and beverage among others.

The Global Automated Guided Vehicle Market by Application

Figure 7

The Global Automated Guided Vehicle Market ($Million) by Application, 2015-2022


Automated guided vehicles are used for various applications across different industries handling different materials,

in process and final goods. So based on their usage across different industries the market is segmented into four

important applications viz transportation, distribution, end of line transport and other application. Transport and

end of line transport are the two major applications that are projected to lead the growth of automated guided

vehicles over the forecast period.

These two applications are common to major industries such as automotive, consumer electronics, aerospace and

food and beverage industry. Their job entails moving goods and articles across factory workspace and pick and feed

assembly line wherever needed.

Distribution is the third most essential application wherein automated guided vehicles are actively used. This sort

of application is generally preferred in warehouses and distribution centres. The market value of automated guided

vehicle used in distribution was $XX million by 2015 and is projected to reach $XX million by 2022.

The Global Automated Guided vehicle Market by Industry

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XX

XX

XX

XX XX XX XXX

XX XX X

X XX

XX XX XX X

X XX X

X XX X

X


XX

XX

XX

XX

XX

XX

XX

XX

-

200.00

400.00

600.00

800.00

1,000.00

1,200.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Transportation Distribution End of line transport Roll Handling Others

CAGR (2015-2022): XX%



Figure 8

The Global Automated Guided Vehicle Market ($Million) by Industry, 2015-2022


Automated guided vehicles are used across different industries in a number of countries since long. Many developed

regions such as the U.S and in Europe have been using automated guided vehicle in their manufacturing facilities

and warehouses. But with increasing labor wages and decline in the availability of the skilled workers, industries

are optimising their production lines with use automated guided vehicles. In these facilities automated guided

vehicles take charge over the material handling tasks that are both labor intensive and repetitive in nature. The

demand for automated guided vehicles have been extensive in automotive industry since the past few years. But

this trend is set to change with the emergence of other industries like logistics, distribution, plastics and polymer

industry. The market value automated guided vehicles used in of the logistics and distribution industry was $XX

million and will reach $XX million by 2022.

XX XX

XX X

X

XX X

X XX X

X

XX XX X

X XX

XX XX XX XX

XX X

X

XX

XX

XX

XX

XX

XX

XX XX XX XX

XX XX XX XX

XXX

XX

XX X

X

XX X

X XX X

X

XX XX X

X XX

XX XX X

X XX

XX XX XX XX

XX XX XX XX

-

100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1,000.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Automotive Electrical and Electronics Logistics and Distribution Pharmaceuticals

Plastics & Polymer Food and Beverage Others

CAGR (2015-2022): XX%



Another emerging industry segment that will create a large demand for automated guided vehicles is electrical and

electronics industry. This is because of increasing demand for electrical and electronics goods sold through

ecommerce which will create demand across electrical and electronics and logistics and distribution industry. The

market value of automated guided vehicles used in electrical and electronic industry was $XX million in 2015 and is

projected to reach $XX million by 2022.

The Global Automated Guided Vehicles by Geography

Figure 9

The Global Automated Guided Vehicles Market ($Million) by Geography, 2015


The above chart shows the growth of the global automated guided vehicle market across different geographies.

From the graph it is evident that the demand for automated guided vehicles is set to increase over the forecast

period. Much of the demand will be led by improving the overall economic scenario across different geographies.

Since decades following the 2008 financial crisis, developed countries in Europe and the North American region

suffered from outflow of manufacturing jobs to Asian countries. But this trend is set to change with the adoption of

industrial automation in which automated guided vehicles comprise of being an integral part. Both Europe and Asia

$XX Million

XX%

$XX Million

XX%

EUROPE

ASIA-PACIFIC

$XX Million

XX%

$XX Million

XX%

NORTH AMERICA

Market Value ($Million)

CAGR (2016-2022)%

REST OF WORLD (ROW)



Pacific regions account for a large number of small and medium businesses which form the backbone of their

economy. Therefore there will be a strong demand from these businesses along with established industries. The

demand for automated guided vehicles will be high in European countries in the coming future, followed by Asia

Pacific and the United States. This growth in demand will be on the account of widespread adoption of automated

guided vehicle technology as a way to automate tasks within the factory floor. In Asia Pacific, the value of the

automated guided vehicles market was $XX million in 2015 and is projected to reach $XX million by 2022. The high

rate of demand for automated guided vehicles is expected from emerging economies such as China and India. The

rise in demand will be primarily driven by the logistics and ecommerce industry which are witnessing exponential

growth due to increasing per capita income and high internet penetration.



1 Research Scope & Methodology

1.1 Scope of the Report

The report constitutes an in-depth study of the global automated guided vehicle market, including a thorough

analysis of automated guided vehicles across geographies. The study also presents a detailed analysis of the market

forces and the estimation and forecast of the market size over the forecast period of 2016 to 2022.

The scope of this report is centred upon conducting a detailed study of the opportunities associated with the global

automated guided vehicle market. The market has been identified and segmented into vehicle types, technology

types, types of applications, industry, and across different geographies.

The scope of the report is summarized below:

Figure 1.1

Global Automated Guided Vehicle Market Scope


By Vehicle

• Tow Vehicle

• Sample

• Sample

• Sample

• Sample

• Sample

By Geography

• North America

• Sample

• Sample

• Sample

By Application

• Transportation

• Sample

• Sample

• Sample

• Sample

By Industry

• Automotive

• Sample

• Sample

• Sample

• Sample

• Sample

• Sample

By Guidance Technology

• Traditional Guidance

• Sample

• Sample

• Sample



1.2 Global Automated Guided Vehicle Market Research Methodology

The following chart exhibits the snapshot of the research methodology followed for the global automated guided

vehicle market:

The research methodology design adopted for this specific study includes a mix of data collected from primary and

secondary sources. Both primary sources (in-house experts, industry leaders and market players) and secondary

sources (a host of paid and unpaid databases) along with analytical tools have been used exhaustively to build the

forecast and predictive models.

Primary Data Sources

The primary sources involve industry experts from the automated guided vehicle industry as well as the original

equipment manufacturers, suppliers, and distributors, among others. Resources such as CEOs, vice- presidents,

marketing directors, and technology & innovation directors, among others have been interviewed to obtain and

verify both qualitative and quantitative aspects of this research study.

The research includes interviews with Original Equipment Manufacturers (OEMs) and other key participants

throughout the value chain. Besides this, online survey from retails and distributors was conducted to understand

the demand from OEMs and other stakeholders in the market. An extensive questionnaire was shared to get insights

from experts who didn’t participate in discussions. In some cases where information was not available, the Delphi

method was used to arrive at a relevant conclusions.

The key data points taken from primary sources includes:

Validation and triangulation of all the numbers and graphs

Validation of report segmentation and key qualitative findings

Understanding the competitive landscape

Current and proposed market values of a particular product by market players

Validation of the various markets for market type

Percentage split of individual markets for geographical analysis

Secondary Data Sources

The research study involves the usage of extensive secondary sources such as databases, company websites, and

annual reports, among others.



The following figure exhibits key secondary data sources considered:

Figure 1.2

Secondary Sources


The key data points taken from secondary sources include:

Segmentation breakups, split-ups, and percentage shares

Data for market value

Key industry trends of the top players of the market

Qualitative insights into various aspects of the market, key trends, and emerging areas of innovation

Quantitative data for mathematical and statistical calculations

The following figure exhibits the methodology adopted for estimating the global automated guided vehicle market:

SECONDARY DATA SOURCES

OTHERS(Consortiums, Associations,

SampleSampleSample

GOVERNMENT AND REGULATORY SOURCES

United Nations Industrial DevelopmentSampleSampleSample

DATABASESBloomberg

SampleSample

COMPANY SOURCESPress Release

SampleSampleSample



Figure 1.3

Top Down and Bottom up Approach


Note: The above approach has been followed for the market estimation of all the product segments related to the

global automated guided vehicle market.

Having estimated the global market size, the forecast employs a set of macro factors such as the population,

disposable income, and GDP, among others Apart from these, the forecast of the global automated guided vehicle

market is based on the quantification of the following factors:

Total Global Automated Guided Vehicle

Market Size ($Million)

Geographical SplitSummation of X & Y of

all regions

Geographical split of the number of units (X)



Figure 1.4

Global Automated Guided Vehicle Market Influencing Factors


Assumptions and Limitations

The following figure exhibits the standard assumptions and limitations which have been followed throughout the

research study of the global automated guided vehicle market:

Global Automated

Guided Vehicle Market

Influencing Factors

Sample

Sample

Sample Sample

Sample

Sample



Figure 1.5

Assumptions and Limitations


CURRENCY CONVERSION

AVERAGE SELLING PRICE (ASP)

• The ASP is calculated for the year 2015 and the currency

considered is U.S. $

• Sample

LIMITATIONS

• Technologies currently used are expected to persist

through the forecast with no major breakthrough in

technology

• Sample

• The base currency considered for this study is U.S. $

• Sample

• Sample

• Sample

ASSUMPTION FOR MARKET ESTIMATION

• The base year considered for the calculation of market size

was 2015 Instances where the market size for the FY 2015

were not available from primary or secondary sources, at

such instances the values were estimated based on the

Delphi method.

• Sample

• Sample



2 Market Overview

2.1 Mobile Robot

Mobile robots are the robots that are capable of locomotion. They are made to travel across multiple designated

points using various guidance technologies. Over the years mobile robots have found their increasing use across

industries, raising the level of factory or workspace automation to next level. Traditionally, mobiles can be classified

into autonomous guided vehicle (AGV) and unmanned ground vehicle (UGV) depending on their usage.

Figure 2.1

Mobile Robots Types

On one hand, autonomous guided vehicles are an essential part of mobile robots and come under the umbrella of

industrial automation. They navigate their designated path using markers, wires, magnets, laser and vision

cameras. In terms of application they are used for material handling purposes across different industries.

On the other hand, an unmanned ground vehicle (UGV) is a mobile robot used outside closed workspace. They use

real time information to process and decide the path to be taken to reach the destination.

Mobile Robots

Sample

Sample



2.2 Market Dynamics

The following are the factors that act as drivers, challenges and opportunities for the growth of the global automated

guided vehicles market:

Figure 2.2

Global Automated Guided Vehicles Market: Market Dynamics

Company Website, Annual Reports, SEC Filings, Investor Presentations, White Papers & Journals, and BIS Research Analysis

2.2.1 Drivers

2.2.1.1 Operat ional F lexib i l i ty In Manufactur ing Fac i l i t ies

In recent decades, manufacturing facilities have undergone a full cycle of evolution infusing automation. However,

automation in itself have several challenges which is getting solved through continuous innovation.

At any given time, a manufacturing facility builds a product across its production lines and the internal logistics

systems are placed accordingly. But with gradual shift in technology landscape, the duration of manufacturing cycle

is becoming shorter, leading to high-mix low-volume concept. Therefore, the arrangements made for building any

particular product needs reconfiguration. In this scenario, automated guided vehicles can be deployed across

production lines for material handling tasks. It is due to the fact that they can be reconfigured and retrained

according to the changes done to production line. This will encourage adoption of AGVs by both emerging and

established industries.

DRIVERS

CHALLENGES

OPPORTUNITIES

• Operational flexibility in manufacturing facilities

• Sample

• Sample

• Sample

• Complex installation procedures

• Sample

• Demand for logistics and warehouse solutions in ecommerce

• Sample



3 Competitive Insights

3.1 Key Market Developments and Strategies in the Global Autonomous

Guidance Vehicle Market

3.1.1 % Share of Key Market Developments And Strategies

Figure 3.1

% Share of Developments and Strategies

Company website, Annual Reports, BIS Research Analysis

The above figure shows the percentage share of various strategies adopted by the market players. Majority of the

companies prefer inorganic strategies such as acquisitions and organic strategies like launch of new products in the

market to widen their reach and gain larger customer base. The least adopted strategy is that of partnerships.

The subsequent segments will provide an overview of the key strategies and developments of the global autonomous

guidance vehicle market from the year 2014 to 2016 and highlight the apparent potential in the autonomous

guidance vehicle market.

XX%• Product

Launches

XX%• Partnerships,

XX%• Business

Expansion

XX%• Others

XX%• Acquisitions

XX%• Contract



3.3 Value Chain Analysis

Figure 3.3

Value Chain Analysis of the Global Autonomous Guidance Vehicle Market


The above figure depicts the value chain analysis for the global autonomous guidance vehicle industry:

Research and Development: The research and development phase is a major step in the overall design of the

product which includes prototype designing, product development and engineering, and obtaining regulatory

approvals. In this phase, ground work is done to generate value across the rest of the phases by giving a concrete

shape to the overall product. Almost all the major autonomous guidance vehicle manufacturers such as Seegrid,

Raymond Handling, BT Corporation and emerging start-ups like Clearpath Robotics invest in research and

development to stay ahead of their competitors.

Component Sourcing: Key components such as sensors, controllers, motors and gearheads among others are

sourced by the original AGV manufacturers to develop the final product. Companies like Cross Company, and

Kollmorgen, among others produce components that are sourced by autonomous guidance vehicle manufacturers.

System Design

Sample

Sample

Sample

ComponentSourcing

Research &Development

Assembly Distribution End-UsersTestingManufacturing

• Industries (Aerospace, Automotive and Electronics among others

• Sample

• Sample

Scanners/Sensors

Sample

Sample

Sample

Sample

Sample

Sample

Sample

Sample Sample

Sample

Direct Sales

Sample

Sample

Sample

Sample

ORM Hardware SupplierSample

Sample

Sample



3.4 Product Mapping

The following figure shows the different AGVs manufactured by both emerging and established industry players:

Table 3.6

Product mapping

Company Country Product Payload (Kg) Industries

ROFA

Industrial

Automation

Germany

AGVi-AGVii

series,Phoenix

Series, Mayeto

Series, Caesar

Series

3,000-

80,000 Kg

Automotive, Food & Beverage, Electrical &

Electronics, Logistics & Distribution

Transbotics

Corporation US

Assembly line

AGV, Conveyer

Vehicles,

Forklift Vehicles

500-8,164

Kg

Aerospace, Automotive, Manufacturing,

Food & Beverage, Government, Paper &

printing, Pharmaceutical, Plastics and PET

Bottling, Primary metals, Tire & Rubber.

Meindesha Japan 3MC, 2ACB,

Ucart

Upto 6,000

Kg

Automotive, Food & Beverage, Electrical &

Electronics, Logistics & Distribution

Swisslog Switzerland Robo Courier Upto

4,000 Kg Healthcare, Warehouse & distribution

Doerfer

Companies US

Upto 13,607

Kg

Aerospace, Automotive, Building Products,

Electronic, Energy, Fiber/textiles,

Healthcare, Heavy Equipment

Daifuku Japan

Heavy load

vehicles, Smart

Cart

upto

1,13,398 Kg

Manufacturing, Automotive, Cleanroom,

Airport, Distribution

Clearpath

Robotics Canada Otto

100-1,500

Kg Distribution, Warehousing, manufacturing

Fori

Automation US AGV

2,000-

20,000 Kg

Food & Beverage, Electrical & Electronics,

Logistics & Distribution, Automotive,,

plastics & Polymer



Company Country Product Payload (Kg) Industries

Rocla AGV France

LowLift AGV,

Fork Lift AGV,

Straddle AGV,

Counterbalance

AGV, AWT

Conveyor

1,200-5,000

Kg

Paper & Printing, Food & Beverage,

Electrical & Electronics, Logistics &

Distribution

Egemin

Automation Belgium

Forklift,

Tuggers, Clamp

AGV, Load

Transfer AGV,

VNA AGV

--

Tobacco, Paper & Printing, Food &

Beverage, Electrical & Electronics,

Logistics & Distribution

Raymond

Handling

Corporation

US Automated lift

trucks -- Logistics and distribution

Bluebotics

Inc Switzerland Custom AGVs --

Manufacturing, Automotive, Cleanroom,

Airport, Distribution

AGV

Solutions US

Tuggers, Unit

Load, Pallet

Trucks, Forklift

Trucks

3-65,000 Kg Food & Beverage, Electrical & Electronics,

Logistics & Distribution, Automotive

Seegrid

Corporation US

GP8 Pallet

truck, GT10

Tow Tractor,

P50C Tow

Tractor

-- Food & Beverage, Electrical & Electronics,

Logistics & Distribution, Automotive



4.2 Market Overview

Figure 4.1

Global Automated Guided Vehicle Market by Value ($Million) & Volume (Units), 2015-

2022


The global automated guided vehicle market is projected to grow from $XX million in 2015 to reach $XX million by

2022 at a CAGR of XX% while the global shipments will increase from 15,567 units in 2015 to 43,458 units in

2022.The projected growth will be because of an increase in the demand for the automation of material handling

tasks from small and medium businesses across industries like logistics and automotive.

XXXX

XXXX

XX

XX

XX

XX

XXXX

XX

XX

XX

XX

XX

XX

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

-

500.00

1,000.00

1,500.00

2,000.00

2,500.00

3,000.00

3,500.00

2015 2016 2017 2018 2019 2020 2021 2022

Units

$M

illion

Value ($Million) Volume (Units)

CAGR (Volume), 2015-2022: XX%CAGR (Value), 2015-2022: XX%



5 Global Automated Guided Vehicle Market, by Vehicle

5.1 Market Overview

Automated guided vehicles are an integral part of industrial automation technology. Since their inception they have

opened up a new modern dimension of automation across industries. Most importantly, the technology is gaining

widespread acceptability among established as well as new industries because of its mobility and low cost. Based

on usage, automated guided vehicles are segmented.

Figure 5.1

Global Automated Guided Vehicle Market by Industry: Segmentation


The above figure shows different types of automated guided vehicles available in the global market. Tow vehicles

and load transfer trucks are the most used automated guided vehicles across industries. Mainly, the small and

medium businesses that are a major part of this industry ecosystem use automated guided vehicles to streamline

their manufacturing process and bring better quality to their products.

Global Automated Guided Vehicle Market

by Vehicle

Sample

Sample

Sample

Sample

Sample

Sample



Figure 5.2

Global Automated Guided Vehicle Market by Vehicle, 2015-2022


The global automated guided vehicle market by vehicle will be driven by towed automated guided vehicles and load

transfer trucks.

The major factors that will drive the rapid adoption of these vehicles across industries will be their low cost and

flexibility in terms of deployment across logistics and distribution industry and automotive manufacturing facilities.

Automated guided vehicles will further push the growth of small and medium enterprises by helping them save cost

and make optimum use of human resources.

In the automotive industry, towed vehicles are of great help in moving in-process and finished goods across different

delivery points. Rising demand for consumer electronics and growth of ecommerce will force SMEs to employ

automated guided vehicles to shorten their overall delivery time. In addition to that Internet of Things is gradually

becoming an industry wide phenomenon with automated guided vehicle manufacturers getting their devices inter-

connected and communicate each other through cloud infrastructure.

XX XX XX XX X

X XX X

X XX

XX X

X XX

XX

XX

XX

XX

XX


XX XX XX XX XX X

X XX X

X


XX

XX

XX

XX

XX

XX

XX

XX

-

200.00

400.00

600.00

800.00

1,000.00

1,200.00

1,400.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Tow Vehicle Load Transfer Truck Forklift Vehicle Pallet Trucks Assembly line Vehicles Others

CAGR(2015-2022): XX%



6 Global Automated Guided Vehicle Market, by Guidance Technology

6.1 Market Overview

Automated guided vehicles are gradually penetrating across different industries through advancement in guidance

technology. These are bringing about a paradigm shift in the way material handling was done in different industries.

Their cost effectiveness and hassle free automation with the flexibility of redeployment across multiple production

lines is the reason behind their widespread acceptance.

Figure 6.1

Global Automated Guided Vehicle Market ($Million) by Navigation Technology:

Segmentation


The above figure shows the segmentation of the global automated guided vehicle market by guidance technology.

Traditional guidance and laser based guidance are the two major guidance technologies dominant in the automated

vehicle market. On the other hand, natural feature based and vision based guidance are still at an emergent phase.

But with growing demand from logistics and distribution industries, it is expected that these two emerging

technologies will experience gradual growth over the forecast period.

Global Automated Guided Vehicle Market by

Guidance

Technology

Sample

Sample

Sample

Sample



Figure 6.2

Global Automated Guided Vehicle Market ($Million) by Navigation Technology, 2015-

2022


Traditional guidance and laser guidance will be the two major guidance technologies that will drive the growth of

the global automated guided vehicle market from 2015 to 2022.

Traditional guidance involves using magnetic tapes, inductive wires and optical stickers to help automated guided

vehicles navigate through factory workspace. The vision based guidance technology developed by Seegrid

Corporation intends to make automated guided vehicles more flexible for deployment in facilities and warehouses.

Overall, material handling tasks require high level of precision since it is repetitive in nature. Therefore, using

automated guided vehicles will not only aid in raising the productivity levels but will also result in increased flexibility

of the manufacturing process.

XX X

X XX X

X XX

XX

XX

XX

XX X

X XX X

X XX X

X

XX

XX


XX

XX XX XX XX XX XX XX

-

200.00

400.00

600.00

800.00

1,000.00

1,200.00

1,400.00

1,600.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Traditional Vehicle (Optical tape/Magnetic Tape/Inductive Guidance)

Laser Guidance

Natural Features

Vision Guided

CAGR (2015-2022): XX%



7 Global Automated Guided Vehicle Market, by Application

7.1 Market Overview

Automated guided vehicles have successfully opened up a whole new dimension of automation technology across

multiple industries. Most importantly, the technology is gaining acceptability among established as well as new

industries because of its mobility and low cost. Unlike traditional industrial robots, automated guided vehicles

effectively share workspace with humans, further augmenting their capabilities and capacities. The technology has

proven to be a boon to the small and medium enterprises as it helps them to scale up easily with less man power.

Figure 7.1

Global Automated Guided Vehicle Market by Application


The above figure shows the usage of automated guided vehicles across different industries. Transportation and

distribution industries are important end-users of the automated guided vehicles market. Mainly, the small and

medium businesses that are a part of this industry ecosystem use automated guided vehicles to streamline their

manufacturing process and bring quality to their products.


by Application

Sample

Sample

Sample

Sample

Sample



Figure 7.2

Global Automated Guided Vehicle Market by Application, 2015-2022


The global automated guided vehicle market by application will be driven by transportation and distribution industry.

The prime factors that will drive the rapid adoption of the automated guided vehicles for these applications in the

future will be of low cost and flexibility in terms of deployment across manufacturing and production lines.

Automated guided vehicles will be instrumental in the growth of small and medium enterprises which act as a

support system to the mainstream economy.

In the electrical and electronics industry, automated guided vehicles are of great help in material handling

applications. Rising demand for consumer electronics and the emergence of ‘internet of things’ (IoT) devices will

force SMEs to employ automated guided vehicles in manufacturing to shorten the overall delivery time. Internet of

Things is gradually becoming an industry wide phenomenon with device manufacturers skilfully connecting their

devices and communicating with each other through cloud infrastructure.

XX X

X XX X

X XX

XX

XX

XX

XX XX XX XXX

XX XX X

X XX

XX XX XX X

X XX X

X XX X

X


XX

XX

XX

XX

XX

XX

XX

XX

-

200.00

400.00

600.00

800.00

1,000.00

1,200.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Transportation Distribution End of line transport Roll Handling Others

CAGR (2015-2022): XX%



8 Global Automated Guided Vehicle Market, by Industry

8.1 Market Overview

Automated guided vehicles have brought about a paradigm shift in the way automation is adopted into different

applications across industries. Their low cost option and hassle free automation with the flexibility of redeployment

across multiple production lines are the main factors behind their widespread acceptance in the market.

Figure 8.1

Global Automated Guided Vehicle Market ($Million) by Industry: Segmentation


The above figure shows the segmentation of global automated guided vehicle market by application. Automotive

and logistics are the two major applications for which automated guided vehicles are used across industries wherein

the demand from consumer electronics manufacturers, logistics and plastics and polymers industry is expected to

greatly drive the market.


by Industry

Sample

Sample

Sample

Sample

Sample

Sample

Sample



Figure 8.2

Global Automated Guided Vehicle Market ($Million) by Industry 2015-2022


Automotive and logistics will be the two major applications in the coming future that will drive the growth of the

global automated guided vehicle market from 2015to 2022.

In automotive industry material handling task involves loading and unloading of components into a machine for

further processing into the final product. The task requires high level of precision and is repetitive in nature. Hence

using collaborative robot for the purpose will not only raise the productivity but will also result in increase in capacity.

Automated guided vehicles of manufacturers like Egemin Automation and Swisslog Automation are widely used in

material handling applications. They comprise of a variety of applications across industries such as automotive,

aerospace, food processing, and pharmaceuticals. With the arrival of automated guided vehicles, material handling

activities are also carried out in other major sectors like healthcare.

XX XX

XX X

X

XX X

X XX X

X

XX XX X

X XX

XX XX XX XX

XX X

X

XX

XX

XX

XX

XX

XX

XX XX XX XX

XX XX XX XX

XXX

XX

XX X

X

XX X

X XX X

X

XX XX X

X XX

XX XX X

X XX

XX XX XX XX

XX XX XX XX

-

100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1,000.00

2015 2016 2017 2018 2019 2020 2021 2022

$M

illion

Automotive Electrical and Electronics Logistics and Distribution Pharmaceuticals

Plastics & Polymer Food and Beverage Others

CAGR (2015-2022): XX%



Figure 9.1

Global Automated Guided Vehicle Market by Geography: Segmentation


The above figure shows the segmentation of Global automated guided vehicle market by geography. In terms of

growth, North America, Europe and Asia Pacific region are the potential markets for the automated guided vehicles.

In the future, the demand for automated guided vehicles will be extensive across Asian countries such as China,

India, and Japan, whereas the demand in Europe will be led by France, Germany and the U.K.


North America

Sample

Sample

Europe

Sample

Sample

Sample

Sample

Sample

Asia Pacific

Sample

Sample

Sample

Sample

Rest of World

Sample

Sample

Sample



Figure 9.2

Global Automated Guided Vehicle Market ($Million), 2015

BIS Research Analysis,

Table 9.1

Global Automated Guided Vehicle Market ($Million) by Geography, 2015-2022

2015 2016 2017 2018 2019 2020 2021 2022 CAGR%

(2015-2021)

North America XX XX XX XX XX XX XX XX XX

Europe XX XX XX XX XX XX XX XX XX

Asia-Pacific XX XX XX XX XX XX XX XX XX

Rest of the World XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX


$XX Million

XX%

$XX Million

XX%

EUROPE

ASIA-PACIFIC

$XX Million

XX%

$XX Million

XX%

NORTH AMERICA

Market Value ($Million)

CAGR (2016-2022)%

REST OF WORLD (ROW)



3.1 KION Group

3.1.1 Company Overview

Particular Specific

Website www.kiongroup.com

Contact Details Abraham-Lincoln-Str. 21 Wiesbaden, 65189 Germany

Year of Establishment 2006

Ownership Type Public

Employees 23,506

Net Revenue $XX million (2015)

Company Type Manufacturer and Distributor

Competitors Daifuku (Japan), Raymond Handling Corp. (U.S) and Meidensha (Japan),

among others

Subsidiaries KION North America (U.S), Egemin Automation Inc. (U.S), STILL ARSER

(Turkey) and KION Warehouse Systems (Germany), among others

Products & Services Electric Forklift Trucks, Warehouse Handling Equipment and Platform Trucks

and Tractors, among others

Other related products and

services

Fleet Data Management, Automation, Stock management & transport control

systems and Financial Services,, among others




3.1.2 Product Offerings

Figure 10.10

KION Group: Brands & Product Offerings


KION Group is a consortium of many well established automated guided vehicle manufacturers. It owns players like

Dematic, Egemin Automation, STILL, Baoli and Linde Material Handling having substantial share in the global

material handling market. Its AGV products are used across different industries. For example in 2012, Belgium

based Janssen Pharmaceutica retrofitted its facility with AGV solutions from Egemin. In another instance, Adidas

used AGVs manufactured by Dematic in its European facilities.

KION Group

Sample Sample

Sample

Sample

Sample

Sample

Sample

Sample

Sample

Sample Sample



3.1.3 Financials

3.1.3.1 Overa l l F inanc ia ls

Figure 10.11

KION Group: Overall Financials, 2013-2015 ($ Million)


3.1.3.2 Financ ia l Summary

The following is the financial summary of the KION Group for the time period 2013-2015:

The net revenue earned in the FY2015 was $XX million compared to $XX million in the FY2014. The

resultant decrease in net revenue was due to a low demand for industrial trucks compared to warehouse

trucks.

Western Europe and North America were the two regions contributed to moderate growth in unit sales.

In August 2015 KION Group acquired all the shares of Belgium based Egemin NV for $XX million. With

this acquisition, KION now has a substantial share in the automated guided vehicle market. Its other

brands are Dematic, Baoli, Linde material handling and STILL.

2013 2014 2015

Net Revenue 5,968.8 6,216.9 5,653.6

Operating Income 370.5 400.0 403.7

Net Income 183.3 236.6 245.1

XX

XX

XX

XX

XX XX

XX

XX

XX

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

5,300.0

5,400.0

5,500.0

5,600.0

5,700.0

5,800.0

5,900.0

6,000.0

6,100.0

6,200.0

6,300.0

OPERATIN

G I

NCO

ME &

NET I

NCO

ME

($M

ILLIO

N)

NET R

EVEN

UE (

$M

ILLIO

N)



3.1.3.3 Business Revenue Mix

Figure 10.12

KION Group: Business Segment Revenue Mix, 2013-15 ($Million)


3.1.3.4 Geographic Revenue Mix

Figure 10.13

KION Group: Geographic Revenue Mix, 2013-15 ($Million)


XXXX

XX

XXXX

XX

XX XX XX

XX XX XX

2013 2014 2015

Revenue (

$M

illion)

Linde Material Handling STILL Financial Services Others

XXXX

XX

XX XX XXXX XX XX

XX XX XX

XX XX XX

2013 2014 2015

Revenue (

$M

illion)

Western Europe Eastern Europe Americas Asia Rest of World



3.1.4 SWOT Analysis

Figure 10.14

KION Group: SWOT Analysis


S

W

O

T

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

• KION Group is a world leader industrial trucks that constitutes over 54% of its

total revenue. It is still an emerging player in the autonomous guidance vehicle

market with Egemin automation as its pure agv player brand

• Emerging opportunities across regions viz Europe, Asia and Americas

• Sample

• Sample

• Global player with presence in over 100 countries

• Sample

• Sample

• Currency fluctuation

• Sample

• Sample



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global automated guided vehicle market: -analysis & forecast, 2016-2022

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