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India Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others), Application (Transportation, Distribution, Storage, Assembly, Packaging, and Waste Handling), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, and Others) and Mode of Operation (Indoor and Outdoor): Opportunity Analysis and Industry Forecast, 2020-2027

A06159
Pages: 151
Apr 2020 | 1349 Views
 
Author(s) : Anvay Sonpimple
Tables: 56
Charts: 50
 

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India Automated Guided Vehicle Market Statistics - 2027

The India automated guided vehicle market size was valued at $122.1 million in 2019 and is projected to reach $364.3 million by 2027, registering a CAGR of 14.4% from 2020 to 2027. 

Automated guided vehicles can be defined as self-guided material handling systems or load carriers that can travel autonomously in distribution centers, warehouses, or manufacturing facilities without any onboard operator with the help of sensors that are installed on it. In recent days, the supply chain management is witnessing automation in form of automated guided vehicles such as forklifts, automated stackers, small rack-carrying robots, pallet trucks, and others. In addition, these vehicles are programmed to perform some tasks by using machine learning & deep learning, which are the safest alternatives for material handling by personnel. Further, it provides significant advantages such as safety inside the facility, increased precision & productivity, reduction in labor cost, and others.

India-Automated-Guided-Vehicle-Market-2020-2027

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Factors such as rise in demand for automation and automated guided vehicles in various industries and increased safety, accuracy, and productivity, are driving the growth of the India automated guided vehicle market. In addition, reduction of labor cost in organizations is boosting the growth of market. However, high initial investment cost and lack of flexibilityin non-repetitive tasks are hindering the growth of the India automated guided vehicle market. Further, incorporation of industry 4.0 is anticipated to provide lucrative growth opportunities for the players operating in the automated guided vehicle market.

India automated guided vehicle market is segmented based on type, navigation technology, application, industry, and mode of operation. Based on type, the market is classified into tow-vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks. Based on navigation market, it is divided into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others. Based on application, the market is categorized into transportation, distribution, storage, assembly, packaging, and waste handling. Based on industry, the market is analyzed across automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, retail, and others. Based on mode of operation, it is classified into indoor and outdoor.

Key players operating in the India automated guided vehicle market are Alstrut India Private Limited, Ati Motors Pvt. Ltd., Conductix-Wampfler, GreyOrange, Konecranes, KUKA AG, Seegrid Corporation, Swisslog, The Hi-Tech Robotic Systemz, Toyota Material Handling India, and others.

India Automated Guided Vehicle Market
By Type

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Assembly line vehicles segment is projected as the most lucrative segments

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Increase in demand for automation and automated guided vehicles (AGVs) in various industries

In recent years, the adoption of AGVs has increased significantly as they are a reliable solution for material handling, which in turn results in increased production capacity of the industries. These material handling solutions are used to decrease the physical damages to the goods (usually caused due to human operators), and increase efficiency of the operation. Automated guided vehicles are adopted in almost all the industries such as logistics, automotive, food & beverages, manufacturing, and others. In addition, companies operating in the e-commerce industry in India are adopting automated guided vehicle for enhance productivity and reduced labor cost. For instance, Flipkart is using artificial intelligence (AI) powered bots that enable bots and humans to work together efficiently. Around 350 AI-powered bots – monikered Automated Guided Vehicles (AGVs) assist operators to process almost 4,500 shipments per hour at twice the speed with remarkable accuracy. Further, company claims that with the adoption of these bots the throughput and storage capacity has doubled as well. Thus, increasing demand for automation and automated guided vehicles is driving the growth of the market.

India Automated Guided Vehicle Market
By Navigation Technology

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Inductive guidance segment is projected as the most lucrative segments

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Increase in safety, accuracy and productivity

Automated guided vehicles are designed with a focus on safety as the first priority and are equipped with lasers, cameras, and others sensors that allow these vehicles to safely operate with workers as well as with the structures. However, some vehicles such as forklifts, rely on human inputs and are not equipped with safety features. Thus, there is always a potential danger that the operator is distracted or tired and thereby, causes an accident. This can be avoided by adopting automated guided vehicle. In addition, when personnel are replaced with AGV, potential inaccurate workflow is reduced, which in turn results in increased, productive, and accurate output. Further, integration of AGV allows continuous flow of operation with streamlined processes. Thus, increase in safety, accuracy, and productivity offered by automated guided vehicles in the warehouse is boosting the growth of automated guided vehicle in India.

India Automated Guided Vehicle Market
By Application

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Storage segment is projected as the most lucrative segments

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High initial investment cost

Adoption of automated guided vehicle by the company increases the profitability of an operation by reducing the labor cost and increasing the productivity. Purchasing an AGV in short duration is estimated to be more expensive as compared to hiring personnel for labor or using other human operated equipment. Profitability due to adoption of automated guided vehicle can be realized by the company in longer term. In addition, automated guided vehicle is projected to undergo routine maintenance and repair, which will result in some operational downtime. Thus, it can be burdensome on smaller operations that may not have readily available access to capital. Therefore, high initial investment cost and maintenance cost is anticipated to hinder the growth of the automated guided vehicle market in India.

India Automated Guided Vehicle Market
By Industry

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Logistics segment is projected as the most lucrative segments

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Incorporation of industry 4.0

Industry 4.0 can be defined as the new phase in the industrial revolution that is highly focused on automation, interconnectivity, real time data, and machine learning. Industry 4.0 is also referred as smart manufacturing and operations with smart digital technology to create a better connected ecosystem for companies focused on manufacturing and supply chain management. Adoption of automated guided vehicle in industry 4.0 will enhance the safety at the warehouse and will allow the companies with higher level of lean manufacturing. Also, it will increase the productivity and profitability of the companies with significant reduction in the long term labor cost. Further, the overall adoption of industry 4.0 by the companies is significantly low and holds a potential opportunity for the AGV market players. Thus, manufacturing of automated guided vehicles with a focus on incorporation of industry 4.0 is anticipated to provide a remarkable growth opportunity for the players operating in the India automated guided vehicle market.

India Automated Guided Vehicle Market
By Mode of operation

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Outdoor segment is projected as the most lucrative segments

 

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the India automated guided vehicle market analysis along with the current trends and future estimations to depict the imminent investment pockets.

  • The overall India automated guided vehicle market opportunity is determined by understanding the profitable trends to gain a stronger foot hold.

  • The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.

  • The current India automated guided vehicle market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.

  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Key Market Segments

By Type

  • Tow vehicles
  • Unit load carriers
  • Pallet trucks
  • Assembly line vehicles
  • Forklift Trucks

By Navigation technology

  • Laser guidance
  • Magnetic guidance
  • Inductive guidance
  • Optical tape guidance
  • Vision guidance
  • Others

By Application

  • Transportation
  • Distribution
  • Storage
  • Assembly
  • Packaging
  • Waste handling

By Industry

  • Automotive
  • Manufacturing
  • Food & beverages
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Others

By Mode of operation

  • Indoor
  • Outdoor 

Key Market Players

  • Alstrut India Private Limited
  • Ati Motors Pvt. Ltd.
  • Conductix-Wampfler
  • GreyOrange
  • Konecranes
  • KUKA AG
  • Seegrid Corporation
  • Swisslog
  • The Hi-Tech Robotic Systemz
  • Toyota Material Handling India
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in demand for automation and automated guided vehicles (AGVs) in various industries.
3.4.1.2.Increase in safety, accuracy and productivity
3.4.1.3.Reduction of labor cost in organizations

3.4.2.Restraints

3.4.2.1.High initial investment cost.
3.4.2.2.Lack of flexibility

3.4.3.Opportunity

3.4.3.1.Incorporation of industry 4.0.

3.5.Pricing analysis

3.5.1.Automated Guided Cart
3.5.2.Tugger Automated guide
3.5.3.Automated Forklift
3.5.4.Automated guide vehicle commissioning and installation cost
3.5.5.Cost of Chargers for automated guided vehicles
3.5.6.Additional costs associated with the automated guided vehicles are mentioned below:

3.6.Pain points of various industries
3.7.List of export potential countries

CHAPTER 4:INDIA AUTOMATED GUIDED VEHICLE MARKET, BY TYPE

4.1.Overview
4.2.Tow-vehicles

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region

4.3.Unit load carriers

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region

4.4.Pallet trucks

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region

4.5.Assembly line vehicles

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region

4.6.Forklift Trucks

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region

CHAPTER 5:INDIA AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY

5.1.Overview
5.2.Laser guidance

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region

5.3.Magnetic guidance

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region

5.4.Inductive guidance

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region

5.5.Optical tape guidance

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region

5.6.Vision guidance

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region

5.7.Others

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region

CHAPTER 6:INDIA AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION

6.1.Overview
6.2.Transportation

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region

6.3.Distribution

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region

6.4.Storage

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region

6.5.Assembly6.5.1.Key market trends, growth factors, and opportunities
 

6.5.2.Market size and forecast, by region

6.6.Packaging

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region

6.7.Waste handling

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region

CHAPTER 7:INDIA AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY

7.1.Overview
7.2.Automotive

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region

7.3.Manufacturing

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region

7.4.Food & beverages

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region

7.5.Aerospace

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region

7.6.Healthcare

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region

7.7.Logistics

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region

7.8.Retail

7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast, by region

7.9.Others

7.9.1.Key market trends, growth factors, and opportunities
7.9.2.Market size and forecast, by region

CHAPTER 8:INDIA AUTOMATED GUIDED VEHICLE MARKET, BY MODE OF OPERATION

8.1.Overview
8.2.Indoor

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by region

8.3.Outdoor

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by region

CHAPTER 9:COMPANY PROFILES

9.1.ALSTRUT INDIA PRIVATE LIMITED

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Product portfolio

9.2.ATI MOTORS PVT. LTD.

9.2.1.Company overview
9.2.2.Company snapshot

9.3.CONDUCTIX-WAMPFLER

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio

9.4.GREYORANGE

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Key strategic moves and developments

9.5.KONECRANES

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Product portfolio
9.5.4.Business performance
9.5.5.Key strategic moves and developments

9.6.KUKA AG

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Operating business segments
9.6.4.Product portfolio
9.6.5.Business performance

9.7.SEEGRID CORPORATION

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio
9.7.4.Key strategic moves and developments

9.8.SWISSLOG

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio

9.9.THE HI-TECH ROBOTIC SYSTEMZ

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments

9.10.TOYOTA MATERIAL HANDLING INDIA

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio

LIST OF TABLES

TABLE 01.INDUSTRY VERTICALS: PAINPOINT
TABLE 02.INDIA AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 03.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR TOW-VEHICLES, 2019–2027 ($MILLION)
TABLE 04.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR UNIT LOAD CARRIERS, 2019–2027 ($MILLION)
TABLE 05.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR PALLET TRUCKS, 2019–2027 ($MILLION)
TABLE 06.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR ASSEMBLY LINE VEHICLES, 2019–2027 ($MILLION)
TABLE 07.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR FORKLIFT TRUCKS, 2019–2027 ($MILLION)
TABLE 08.INDIA AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 09.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR LASER GUIDANCE, 2019–2027 ($MILLION)
TABLE 10.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR MAGNETIC GUIDANCE, 2019–2027 ($MILLION)
TABLE 11.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR INDUCTIVE GUIDANCE, 2019–2027 ($MILLION)
TABLE 12.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OPTICAL TAPE GUIDANCE, 2019–2027 ($MILLION)
TABLE 13.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR VISION GUIDANCE, 2019–2027 ($MILLION)
TABLE 14.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
TABLE 15.INDIA AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 16.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR TRANSPORTATION, 2019–2027 ($MILLION)
TABLE 17.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR DISTRIBUTION, 2019–2027 ($MILLION)
TABLE 18.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR STORAGE, 2019–2027 ($MILLION)
TABLE 19.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR ASSEMBLY, 2019–2027 ($MILLION)
TABLE 20.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR PACKAGING, 2019–2027 ($MILLION)
TABLE 21.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR WASTE HANDLING, 2019–2027 ($MILLION)
TABLE 22.INDIA AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2027 ($MILLION)
TABLE 23.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR AUTOMOTIVE, 2019–2027 ($MILLION)
TABLE 24.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR MANUFACTURING, 2019–2027 ($MILLION)
TABLE 25.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR FOOD & BEVERAGES, 2019–2027 ($MILLION)
TABLE 26.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR AEROSPACE, 2019–2027 ($MILLION)
TABLE 27.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR HEALTHCARE, 2019–2027 ($MILLION)
TABLE 28.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR LOGISTICS, 2019–2027 ($MILLION)
TABLE 29.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR RETAIL, 2019–2027 ($MILLION)
TABLE 30.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
TABLE 31.INDIA AUTOMATED GUIDED VEHICLE MARKET, BY MODE OF OPERATION, 2019–2027 ($MILLION)
TABLE 32.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR INDOOR, 2019–2027 ($MILLION)
TABLE 33.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OUTDOOR, 2019–2027 ($MILLION)
TABLE 34.ALSTRUT INDIA PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 35.ALSTRUT INDIA PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 36.ATI MOTORS PVT. LTD.: COMPANY SNAPSHOT
TABLE 37.CONDUCTIX-WAMPFLER: COMPANY SNAPSHOT
TABLE 38.CONDUCTIX-WAMPFLER: PRODUCT PORTFOLIO
TABLE 39.GREYORANGE: COMPANY SNAPSHOT
TABLE 40.GREYORANGE: PRODUCT PORTFOLIO
TABLE 41.GREYORANGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 42.KONECRANES: COMPANY SNAPSHOT
TABLE 43.KONECRANES: PRODUCT PORTFOLIO
TABLE 44.KONECRANES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 45.KUKA: COMPANY SNAPSHOT
TABLE 46.KUKA: OPERATING SEGMENTS
TABLE 47.KUKA: PRODUCT PORTFOLIO
TABLE 48.SEEGRID CORPORATION: COMPANY SNAPSHOT
TABLE 49.SEEGRID CORPORATION: PRODUCT PORTFOLIO
TABLE 50.SEEGRID CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 51.SWISSLOG: COMPANY SNAPSHOT
TABLE 52.SWISSLOG: PRODUCT PORTFOLIO
TABLE 53.THE HI-TECH ROBOTIC SYSTEMZ: COMPANY SNAPSHOT
TABLE 54.THE HI-TECH ROBOTIC SYSTEMZ: OPERATING SEGMENTS
TABLE 55.TOYOTA MATERIAL HANDLING INDIA: COMPANY SNAPSHOT
TABLE 56.TOYOTA MATERIAL HANDLING INDIA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 08.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE THREAT OF SUBSTITUTES
FIGURE 11.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 12.HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 13.INDIA AUTOMATED GUIDED VEHICLE MARKET SHARE, BY TYPE, 2019–2027 (%)
FIGURE 14.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR TOW-VEHICLES, 2019–2027 ($MILLION)
FIGURE 15.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR UNIT LOAD CARRIERS, 2019–2027 ($MILLION)
FIGURE 16.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR PALLET TRUCKS, 2019–2027 ($MILLION)
FIGURE 17.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR ASSEMBLY LINE VEHICLES, 2019–2027 ($MILLION)
FIGURE 18.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR FORKLIFT TRUCKS, 2019–2027 ($MILLION)
FIGURE 19.INDIA AUTOMATED GUIDED VEHICLE MARKET SHARE, BY NAVIGATION TECHNLOGY, 2019–2027 (%)
FIGURE 20.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR LASER GUIDANCE, 2019–2027 ($MILLION)
FIGURE 21.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR MAGNETIC GUIDANCE, 2019–2027 ($MILLION)
FIGURE 22.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR INDUCTIVE GUIDANCE, 2019–2027 ($MILLION)
FIGURE 23.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OPTICAL TAPE GUIDANCE, 2019–2027 ($MILLION)
FIGURE 24.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR VISION GUIDANCE, 2019–2027 ($MILLION)
FIGURE 25.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
FIGURE 26.INDIA AUTOMATED GUIDED VEHICLE MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 27.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR TRANSPORTATION, 2019–2027 ($MILLION)
FIGURE 28.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR DISTRIBUTION, 2019–2027 ($MILLION)
FIGURE 29.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR STORAGE, 2019–2027 ($MILLION)
FIGURE 30.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR ASSEMBLY, 2019–2027 ($MILLION)
FIGURE 31.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR PACKAGING, 2019–2027 ($MILLION)
FIGURE 32.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR WASTE HANDLING, 2019–2027 ($MILLION)
FIGURE 33.INDIA AUTOMATED GUIDED VEHICLE MARKET SHARE, BY INDUSTRY, 2019–2027 (%)
FIGURE 34.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR AUTOMOTIVE, 2019–2027 ($MILLION)
FIGURE 35.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR MANUFACTURING, 2019–2027 ($MILLION)
FIGURE 36.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR FOOD & BEVERAGES, 2019–2027 ($MILLION)
FIGURE 37.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR AEROSPACE, 2019–2027 ($MILLION)
FIGURE 38.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR HEALTHCARE, 2019–2027 ($MILLION)
FIGURE 39.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR LOGISTICS, 2019–2027 ($MILLION)
FIGURE 40.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR RETAIL, 2019–2027 ($MILLION)
FIGURE 41.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
FIGURE 42.INDIA AUTOMATED GUIDED VEHICLE MARKET SHARE, BY MODE OF OPERATION, 2019–2027 (%)
FIGURE 43.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR INDOOR, 2019–2027 ($MILLION)
FIGURE 44.INDIA AUTOMATED GUIDED VEHICLE MARKET REVENUE FOR OUTDOOR, 2019–2027 ($MILLION)
FIGURE 45.KONECRANES: REVENUE, 2017–2019 ($MILLION)
FIGURE 46.KONECRANES: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47.KONECRANES: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48.KUKA: REVENUE, 2017–2019 ($MILLION)
FIGURE 49.KUKA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 50.KUKA: REVENUE SHARE BY GEOGRAPHY, 2019 (%)

 
 

According to the insights of CXOs of leading companies, the India Automated Guided Vehicle market is expected to witness remarkable growth in the future, owing to higher output and increased productivity of the company due to adoption of automated guided vehicles. In addition, use of automated guided vehicle also provides improved safety, enhanced quality of products, reduced factory lead time, and others.

Factors such as increase in demand for automation and automated guided vehicles in various industries and reduction in labor cost in organizations are driving the growth of the India automated guided vehicle market. However, limited flexibility of automated guided vehicles is hindering the growth of the market. Further, incorporation of industry 4.0 with automated guided vehicle is anticipated to provide lucrative growth opportunity for the players operating in the India automated guided vehicle market.

Among the analyzed industries, the healthcare industry account for the highest revenue in the market throughout the forecast period, followed by automotive and manufacturing industries. Moreover, logistics industry is expected to witness the highest growth rate during the forecast period. 
 

 

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