Automated Guided Vehicle (AGV) Market by Product, End-user and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 186

SKU: IRTNTR44352

Snapshot

Automated Guided Vehicle (AGV) Market Forecast 2023-2027

The automated guided vehicle (AGV) market size is estimated to grow by USD 1.39 billion at a CAGR of 8.97% between 2022 and 2027. The market's expansion is dependent upon several factors, including the exponential rise of e-commerce in retail, the increasing integration of automation within manufacturing, and the imperative to enhance operational efficiency in warehouses. Additionally, the market is influenced by factors like the adoption of digital technologies in logistics, the increasing need for real-time tracking and monitoring, and the emergence of predictive maintenance strategies in supply chain management. Furthermore, the market growth is propelled by the need for efficient data management and analysis, the increasing demand for cloud computing services, and the integration of IoT technologies in logistics and supply chain operations. This evolution is further fueled by the digital transformation across industries, driving the need for advanced analytics and real-time monitoring solutions.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by product (unit load carrier, tow vehicle, pallet truck, assembly line vehicle, and others), end-user (automotive, food and beverages, electronics and electrical, pharmaceuticals, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa).

By Product

The unit load carrier segment will account for a major share of the market's growth during the forecast period. Unit load carriers are designed to function in industrial environments to move high volumes of materials, and they are used in manufacturing and assembly operations for horizontal transportation. They are integrated with conveyors or storage retrieval systems.

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The unit load carrier segment was valued at USD 687.12 million in 2017. Unit load carriers are mainly used in warehouses where guideways are relatively short and large amounts of material are involved. The loading and unloading functions of unit load carriers are performed manually or by other automated equipment such as cranes, forklifts, and trucks. Transport materials on pallets, drums, carts, slip sheets, and boxes. Unit load carriers are in great demand as they can move more loads compared to a single forklift. Intentional electronic activities and measures to ensure worker safety in warehouses are some of the factors expected to drive the demand for unit load carriers. Such factors will increase segment growth during the forecast period.

By End-User

Based on end-user, the market has been segmented into automotive, food and beverages, electronics and electrical, pharmaceuticals, and others. The automotive segment will account for the largest share of the end-user segment. The automotive industry has been one of the early adopters of AGVs due to their ability to increase efficiency, reduce costs, and improve safety in manufacturing and logistics processes. AGVs are used in various applications within the automotive industry, such as material handling, assembly line, maintenance, warehousing, and logistics. Overall, the automotive industry is one of the major end users of AGVs and is expected to continue to drive the growth of the global automated guided vehicle market in the forecast period.

By Region

Europe is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.

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Europe sees strong demand for large warehouse spaces. There is also a growing demand for warehouses near major cities to support last-mile delivery models. In Europe, the demand for warehouse space is increasing among e-commerce players, with the rise in online sales has increased the demand for warehouse space in the region. This has increased demand for his AGVs in Europe. Increasing adoption of AGVs and continued growth in the business sector are also fueling the demand for AGVs in the region. Moreover, the European energy industry is undergoing a major transformation with investments in smart grids and renewable energy. Several European countries have plans to increase the share of renewable energy in their energy mix to reduce CO2 emissions from fossil fuels. Such factors will increase the market growth during the forecast period.

Key Market Customer Landscape

Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Global Market Customer Landscape

Market Dynamics

The market is experiencing significant growth due to advancements in new technology such as smart manufacturing and AI technologies. Companies like AR Controls and Starship are pioneering the use of autonomous mobile robots in warehouse operations and goods transportation. Machine Learning and the Internet of Things are also playing a crucial role in enhancing pallet handling and order picking processes. With the increasing demand from heavy industries and large-scale enterprises, the AGV market is expected to witness continuous expansion in the logistics sector and E-commerce industry. Technologies like Laser Guided Navigation, Magnetic Guided Navigation, and Vision Guided Navigation are further improving storage and assembly operations. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver

The rapid growth in e-commerce retail is notably driving the AGV market growth. Consumer preferences are rapidly shifting from traditional retail to e-commerce due to various factors such as a diverse portfolio of product offerings, competitive pricing, and shopping convenience. This includes storage and assembly, order picking, new technology, AR controls, e-commerce industry, and vision-guided navigation. E-commerce is experiencing significant growth not only in developed markets such as the United States but also in emerging markets such as India and China, with several key players such as Amazon Inc. and Walmart Inc. expanding their presence across emerging markets in APAC, which will grow the market.

Moreover, with substantial growth in the popularity of e-commerce retail, there is an increasing requirement for warehouses and distribution centers, especially in emerging markets. Thus, the growth in e-commerce retail is expected to continue to drive the growth of the global AGV market during the forecast period.

Significant Market Trends

Rising warehouse automation is the key trend driving the AGV market growth. The end-users of consumer goods are demanding products with different packaging proportions. The different array of packaging systems is increasing the SKUs in the warehouses of consumer goods. The rising SKU proliferation is increasing warehouse automation across the globe. To maintain many such SKUs, manufacturers of consumer goods will be facing productivity and cost-effectiveness issues. This is prompting manufacturers and wholesalers to opt for automated warehouses.

Moreover, warehouse automation will increase the speed and accuracy of order fulfillment before the expiry of the products (in the case of perishable products such as food items). Moreover, warehouse automation can maintain the efficiency of the supply chain even in the case of seasonal demands for products. Automation of warehouses can also reduce the time in restocking the shelves. Such factors will increase the market growth during the forecast period.

Major Market Challenge

The major challenge impeding the AGV market growth is the fluctuating prices of raw materials. Raw materials and parts used in the manufacture and construction of AGVs include structural steel, forged and worked steel bars, steel tubes, steel bars, electric motors, reducers, bearings, and other electromechanical components. Steel is one of the most important raw materials for manufacturing various AGVs. Since steel is obtained from iron ore, fluctuations in iron ore prices directly affect steel prices.

For instance, the price of iron ore increased by about 90% in July 2019 compared to January 2019. As the prices of raw materials have reached a threshold limit, raw material suppliers are compelled to pass on the increased price to their downstream industries. Such decisions made by raw material suppliers are affecting the growth of various industries as well as handling and lifting equipment manufacturers. This is expected to be a challenge for the growth of the global AGV market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Aichikikai Techno System Co. Ltd.: The company offers automated guided vehicle through its subsidiary Aichi Machine Industry Co. Ltd.

Atab Automationsteknik AB: The company offers automated guided vehicle through its subsidiary Aichi Machine Industry Co. Ltd.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Product Outlook
- Unit load carrier
- Tow vehicle
- Pallet truck
- Assembly line vehicle
- Others

End-user Outlook
- Automotive
- Food and beverages
- Electronics and Electrical
- Pharmaceuticals
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by factors such as Alibaba's focus on improving order fulfillment speed using Artificial Intelligence. AGVs play a crucial role in downtime reduction and enabling real-time data exchange in warehouses. They offer dynamic route planning and adaptive navigation to meet the demands of mass customization and mass production. With changing lifestyle preferences and evolving regulatory standards, there is a growing need for AGVs to cater to customer demand for customizations. AGVs also help in managing business expenses by offering efficient automation solutions and reducing capital expenditure. High-end AGVs are increasingly adopted by both small enterprises and large-scale industries to reduce maintenance cost and setup cost.

Furthermore, they optimize warehouse layouts for better space utilization and accessibility. AGVs are essential for businesses facing rising labor costs and aiming to maintain quality with a skilled workforce. They enhance global competitiveness by addressing technical challenges and providing advanced features like sensing element, control software, tow vehicles, and laser guidance. The healthcare industry and e-commerce sector are experiencing increased AGV adoption, driven by investors seeking efficient inventory and logistics solutions.

Market Scope
Report Coverage	Details
Page number	186
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 8.97%
Market growth 2023-2027	USD 1.39 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	7.52
Regional analysis	Europe, APAC, North America, South America, and Middle East and Africa
Performing market contribution	Europe at 36%
Key countries	US, Japan, China, Germany, and UK
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	Aichikikai Techno System Co. Ltd., Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dearborn Mid West Co., ek robotics GmbH, Fritz SCHAFER GmbH and Co KG, Groupe Gorge, Hitachi Ltd., Hyster Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, Meidensha Corp., MIDEA Group, Murata Machinery Ltd., Oceaneering International Inc., Scott Technology Ltd., Seegrid Corp., and Toyota Industries Corp.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global automated guided vehicle (AGV) market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global automated guided vehicle (agv) market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product

6.3 Unit load carrier - Market size and forecast 2022-2027
- Exhibit 34: Chart on Unit load carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Unit load carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Unit load carrier - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Unit load carrier - Year-over-year growth 2022-2027 (%)

6.4 Tow vehicle - Market size and forecast 2022-2027
- Exhibit 38: Chart on Tow vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Tow vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Tow vehicle - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Tow vehicle - Year-over-year growth 2022-2027 (%)

6.5 Pallet truck - Market size and forecast 2022-2027
- Exhibit 42: Chart on Pallet truck - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Pallet truck - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Pallet truck - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Pallet truck - Year-over-year growth 2022-2027 (%)

6.6 Assembly line vehicle - Market size and forecast 2022-2027
- Exhibit 46: Chart on Assembly line vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Assembly line vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Assembly line vehicle - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Assembly line vehicle - Year-over-year growth 2022-2027 (%)

6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ million)
- Exhibit 55: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 58: Chart on Comparison by End-user
- Exhibit 59: Data Table on Comparison by End-user

7.3 Automotive - Market size and forecast 2022-2027
- Exhibit 60: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

7.4 Food and beverages - Market size and forecast 2022-2027
- Exhibit 64: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)

7.5 Electronics and electrical - Market size and forecast 2022-2027
- Exhibit 68: Chart on Electronics and electrical - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Electronics and electrical - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Electronics and electrical - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Electronics and electrical - Year-over-year growth 2022-2027 (%)

7.6 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 72: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 75: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 76: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 79: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user
- Exhibit 80: Market opportunity by End-user ($ million)
- Exhibit 81: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 83: Chart on Market share by geography 2022-2027 (%)
- Exhibit 84: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 85: Chart on Geographic comparison
- Exhibit 86: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027
- Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 91: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 95: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027
- Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027
- Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027
- Exhibit 119: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 120: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 121: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 122: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 123: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 124: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 125: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 126: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 127: Market opportunity by geography ($ million)
- Exhibit 128: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 129: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 131: Overview on factors of disruption

11.4 Industry risks
- Exhibit 132: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 133: Vendors covered

12.2 Market positioning of vendors
- Exhibit 134: Matrix on vendor position and classification

12.3 Aichikikai Techno System Co. Ltd.
- Exhibit 135: Aichikikai Techno System Co. Ltd. - Overview
- Exhibit 136: Aichikikai Techno System Co. Ltd. - Product / Service
- Exhibit 137: Aichikikai Techno System Co. Ltd. - Key offerings

12.4 Atab Automationsteknik AB
- Exhibit 138: Atab Automationsteknik AB - Overview
- Exhibit 139: Atab Automationsteknik AB - Product / Service
- Exhibit 140: Atab Automationsteknik AB - Key offerings

12.5 Beumer Group GmbH and Co. KG
- Exhibit 141: Beumer Group GmbH and Co. KG - Overview
- Exhibit 142: Beumer Group GmbH and Co. KG - Product / Service
- Exhibit 143: Beumer Group GmbH and Co. KG - Key news
- Exhibit 144: Beumer Group GmbH and Co. KG - Key offerings

12.6 Daifuku Co. Ltd.
- Exhibit 145: Daifuku Co. Ltd. - Overview
- Exhibit 146: Daifuku Co. Ltd. - Business segments
- Exhibit 147: Daifuku Co. Ltd. - Key news
- Exhibit 148: Daifuku Co. Ltd. - Key offerings
- Exhibit 149: Daifuku Co. Ltd. - Segment focus

12.7 Dearborn Mid West Co.
- Exhibit 150: Dearborn Mid West Co. - Overview
- Exhibit 151: Dearborn Mid West Co. - Product / Service
- Exhibit 152: Dearborn Mid West Co. - Key offerings

12.8 ek robotics GmbH
- Exhibit 153: ek robotics GmbH - Overview
- Exhibit 154: ek robotics GmbH - Product / Service
- Exhibit 155: ek robotics GmbH - Key offerings

12.9 Fritz SCHAFER GmbH and Co KG
- Exhibit 156: Fritz SCHAFER GmbH and Co KG - Overview
- Exhibit 157: Fritz SCHAFER GmbH and Co KG - Product / Service
- Exhibit 158: Fritz SCHAFER GmbH and Co KG - Key offerings

12.10 Hitachi Ltd.
- Exhibit 159: Hitachi Ltd. - Overview
- Exhibit 160: Hitachi Ltd. - Business segments
- Exhibit 161: Hitachi Ltd. - Key news
- Exhibit 162: Hitachi Ltd. - Key offerings
- Exhibit 163: Hitachi Ltd. - Segment focus

12.11 Hyster Yale Materials Handling Inc.
- Exhibit 164: Hyster Yale Materials Handling Inc. - Overview
- Exhibit 165: Hyster Yale Materials Handling Inc. - Business segments
- Exhibit 166: Hyster Yale Materials Handling Inc. - Key offerings
- Exhibit 167: Hyster Yale Materials Handling Inc. - Segment focus

12.12 John Bean Technologies Corp.
- Exhibit 168: John Bean Technologies Corp. - Overview
- Exhibit 169: John Bean Technologies Corp. - Business segments
- Exhibit 170: John Bean Technologies Corp. - Key offerings
- Exhibit 171: John Bean Technologies Corp. - Segment focus

12.13 KION GROUP AG
- Exhibit 172: KION GROUP AG - Overview
- Exhibit 173: KION GROUP AG - Business segments
- Exhibit 174: KION GROUP AG - Key offerings
- Exhibit 175: KION GROUP AG - Segment focus

12.14 MIDEA Group
- Exhibit 176: MIDEA Group - Overview
- Exhibit 177: MIDEA Group - Business segments
- Exhibit 178: MIDEA Group - Key offerings
- Exhibit 179: MIDEA Group - Segment focus

12.15 Murata Machinery Ltd.
- Exhibit 180: Murata Machinery Ltd. - Overview
- Exhibit 181: Murata Machinery Ltd. - Business segments
- Exhibit 182: Murata Machinery Ltd. - Key offerings
- Exhibit 183: Murata Machinery Ltd. - Segment focus

12.16 Seegrid Corp.
- Exhibit 184: Seegrid Corp. - Overview
- Exhibit 185: Seegrid Corp. - Product / Service
- Exhibit 186: Seegrid Corp. - Key offerings

12.17 Toyota Industries Corp.
- Exhibit 187: Toyota Industries Corp. - Overview
- Exhibit 188: Toyota Industries Corp. - Business segments
- Exhibit 189: Toyota Industries Corp. - Key news
- Exhibit 190: Toyota Industries Corp. - Key offerings
- Exhibit 191: Toyota Industries Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 192: Inclusions checklist
- Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 194: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 195: Research methodology
- Exhibit 196: Validation techniques employed for market sizing
- Exhibit 197: Information sources

13.5 List of abbreviations
- Exhibit 198: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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