Automated Guided Vehicle Software Market size to grow by USD 441.46 Mn, Market research insights highlight the growing e-commerce industry as Key Driver - Technavio

2022-08-05 07:28:40 By : Mr. Sugary Yue

NEW YORK , Aug. 2, 2022 -- According to the research report "Automated Guided Vehicle Software Market by Type and Geography - Forecast and Analysis", the market will witness a YOY growth of 10.21% at a CAGR of 11.23% during the forecast period. The report is segmented by type (in-built vehicle software and integrated software) and geography (Europe , North America , APAC, and South America ). The automated guided vehicle (AGV) software market report also offers information on several market vendors, including Daifuku Co. Ltd., Honeywell International Inc., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG , Murata Machinery Ltd., SSI SCHAEFER Group, TGW LOGISTICS GROUP, and Toyota Industries Corp. among others. Request Sample Report

Automated Guided Vehicle Software Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Europe will account for 32% of market growth. The automated guided vehicle (AGV) The software market in Europe is mostly centered in Germany . The market in this area will expand more quickly than the market in South America . Over the projected period, the expansion of the automated guided vehicle (AGV) software market in Europe would be aided by the implementation of automation in commercial activities, particularly material handling.

Furthermore, countries such as Europe, North America , APAC, and South America are expected to emerge as prominent markets for Automated Guided Vehicle Software Market during the forecast period. Read Sample Report. 

The in-built vehicle software segment will significantly increase its market share in automated guided vehicles (AGV) software. The market for in-vehicle software will expand rapidly because end-user industries like manufacturing, distribution and logistics, retail, and automotive are adopting AGVs at a faster rate. AGVs use built-in vehicle software, such as navigation and management software, and include unit load carriers, two vehicles, pallet trucks, and assembly line machines.

Significantly propelling the growth of the automated guided vehicle (AGV) the software market is the expanding e-commerce sector. One of the key factors behind the global uptake of AGV software is the expanding e-commerce sector. Vendors must increase the capacity of their warehouses and delivery facilities to handle the rising number of people wishing to purchase goods online. The expansion of the automated guided vehicle (AGV) software market is being driven by the primary market trend of digital transformation.

However, the major challenge impeding the automated guided vehicle (AGV) software market growth is the resistance to adopting new technology.

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Automated Guided Vehicle (AGV) Software Market Scope

Accelerate at a CAGR of 11.23%

Europe, North America, APAC, and South America

US, Germany, China, and Japan

Leading companies, Competitive strategies, Consumer engagement scope

Daifuku Co. Ltd., Honeywell International Inc., John Bean Technologies Corp., KION GROUP AG, Kollmorgen Corp., KUKA AG, Murata Machinery Ltd., SSI SCHAEFER Group, TGW LOGISTICS GROUP, and Toyota Industries Corp.

Parent market analysis, 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 the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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