Middle East and Africa Automated Guided Vehicle Market Size, Growth Trends, Top Players, Application Potential and Forecast by 2029
"Middle East and Africa Automated Guided Vehicle Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. The Middle East and Africa Automated Guided Vehicle market research report is a resource, which offers current as well as upcoming technical and financial details of the Middle East and Africa Automated Guided Vehicle industry for the specific forecast period. The report exhibits important product developments and tracks recent acquisitions, mergers, and research in the Middle East and Africa Automated Guided Vehicle industry by the key players. The market report is a precise study of the Middle East and Africa Automated Guided Vehicle industry which explains the market definition, classifications, applications, engagements, and global industry trends. The leading Middle East and Africa Automated Guided Vehicle market report is sure to help businesses for long-lasting accomplishments in terms of better decision-making, revenue generation, prioritizing market goals, and profitable business.
Automated guided vehicle market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.2% in the forecast period of 2021 to 2028 and is expected to reach USD 1,718.88 million by 2028.
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Middle East and Africa Automated Guided Vehicle Market Scope and Market Size
- On the basis of type, the automated guided vehicle market has been segmented into unit load carriers, forklift trucks, tow vehicles, pallet trucks, assembly line vehicles and others. In 2021, tow vehicles segment accounted for the largest market share in the automated guided vehicle market due to an increase in the utilization of tow vehicles in factories and warehouses for loading material with greater efficiency and with higher productivity.
- On the basis of navigation technology, the automated guided vehicle market has been segmented into laser guidance, magnetic guidance, vision guidance, inductive guidance, optical tape guidance and others. In 2021, magnetic guidance segment dominates the market with largest market share owing to several factors including ease of removal and relocation if the course needs to change, less expensive and others.
- On the basis of battery type, the automated guided vehicle market has been segmented into lead, nickel based, lithium ion and others. In 2021, lead segment augments the market with the maximum market share due to its less cost and economical nature. Moreover, increase in the usage of lead batteries in AGV by varied manufacturers is also one of the factors which help this segment to dominate in the market.
- On the basis of application, the automated guided vehicle market has been segmented into handling raw materials, work in process movement, pallet handling, final product handling, trailor loading, roll handling, container handling and others. In 2021, work in process movement accounts for the largest market share in the automated guided vehicle market due to the growing requirement for continuous movement of goods during the manufacturing process in each industry.
- On the basis of industry, the automated guided vehicle market has been segmented into logistics, food & beverages, pharmaceuticals, manufacturing, paper & printing, tobacco, retail, chemical and others. In 2021, manufacturing segment dominates the market with the largest market share due to the continuous need for organizing material handling equipment in regards to picking orders, storing goods, moving or transfer of raw material and goods and relocation of product and stock.
Automated Guided Vehicle Market Country Level Analysis
The countries covered in automated guided vehicle market report are Saudi Arabia, U.A.E., Egypt, Israel, South Africa and Rest of Middle East and Africa.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Guided Vehicle Market Share Analysis
Automated guided vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to automated guided vehicle market.
The major players covered in the report JBT, KUKA AG, Fritz SCHÄFER GmbH & Co KG, Kollmorgen (A subsidiary of Danaher), System Logistics S.p.A. (A subsidiary of Krones AG), SCAGLIA INDEVA s.p.a., Konecranes, Jungheinrich AG and Oceaneering International, Inc., among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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