Tugger Automated Guided Vehicle Market To Reach Around USD 891.74 Million By 2028

Market Overview:
Global Tugger Automated Guided Vehicle Market Was Valued At USD 537.50 Million In 2021 And Is Expected To Reach USD 891.74 Million By The Year 2028, At A CAGR Of 7.5%

Driverless, computer-controlled vehicles known as "automated guided vehicles" (AGVs) are used to move goods or material loads from one location to another. Tugger AGVs are designed for manual control if frequent human intervention is required, and they are programmed to move material loads between manufacturing and warehouse facilities. For navigation, Tugger AGVs may include optical sensors or vision cameras, lasers, radio waves, floor-surface mounted magnetic tape or bars, and other guidance technologies. An autonomous tugger's movement is controlled by a combination of guidance systems based on sensors and CAD software.

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Market Dynamics:
Driver:
Traceability, which enables the user to keep a record of the material's movement around the facility, and round-the-clock transit of materials, shipping, and delivery of products are advantages of tugger AGV. Additionally, tugger AGV information can be incorporated into ERP or materials resource planning (MRP) applications. Tugger AGVs are available in a variety of models, each of which can be designed to carry a load and transport automatically outdoors, depending on the requirements of the industry. Tugger AGVs decreased the work cost by disposing of the requirement for man force for the transportation of materials.

Opportunities:
The new revolution that will define the next generation of production is smart manufacturing. The demand for AGVs is being driven primarily by some of the most disruptive factory trends, such as self-aware, self-optimized, and self-configured equipment that can wirelessly communicate with one another. There are also the advantages of additive manufacturing, advanced networking, real-time controls, closer alignment of plant floor activities with business management, and supply chains. "Automation" is the most important support for the smart factory concept among these. Knowledge-embedded manufacturing operations are built on the foundation of automation.

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Segmentation Analysis of Tugger Automated Guided Vehicle Market:
Depending on navigation technology, the LIDAR, a segment is forecasted to dominate the tugger AGV market. The usage of LIDAR technology in tugger AGV offers incredibly accurate, consistent results. The short wavelength emitted by LIDAR sensors can detect small objects and create exact 3D models, thus it can determine the nature of the object.

Depending on the hitch, the fully automatic segment is anticipated to lead the tugger AGV market in the projected period. An automatic hitch allows the separation of carts or trolleys carrying the products or goods at predetermined locations. These automatic hitch-equipped tuggers are mostly utilized in manufacturing and distribution environments.

Depending on the application, the transportation segment is expected to lead the tugger AGV market during the analysis period. Transportation of finished goods to the shipment facility in the warehouse is an important task. Tugger AGVs transfer goods or products from one location to other without any human intervention.

Depending on end-users, the food & beverage segment is predicted to have the highest share of the tugger AGV market. Tugger AGV in the food & beverage industry can help in storing raw materials in warehouse locations, deliver raw materials to the production lines, and can load, unload finished goods at pre-determined locations.

By Type
• Lidar Sensors
• Wire Guidance
• Visual Guiding
• Geoguiding

By Hitch
• Fully Automatic
• Un-Hitch Mechanism

By Application
• Transportation
• Distribution
• Storage
• Other

By End- User
• Automotive
• Food & Beverages
• Logistics
• Retail
• Others

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Regional Analysis of Tugger Automated Guided Vehicle Market:
The European region is forecasted to have the highest share of the tugger automated guided vehicle market. The concept of smart factory and Industry 4.0, has promoted the automation of industries in this region to increase production efficiency. Industry 4.0 and smart factories are the key factors that have spurred investments in automated guided vehicles in this region. Food and beverage industries are highly regulated for maintaining hygiene and safety, thus the demand for AGVs in this sector has been significantly increased.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Tugger Automated Guided Vehicle Market are:
• Daifuku (Japan)
• Dematic (US)
• Egemin Automation (US)
• JBT (US)
• Meidensha (Japan)
• Corecon (US)
• Seegrid (US)
• Aethon (US)
• Doerfer (US)
• Savant Automation (US)
• Bastian Solutions (US)
• Murata (Japan)
• Scott (Switzerland)
• Wolter Group LLC (US) and others major players.

Recent Industry Developments In Tugger Automated Guided Vehicle Market
• In October 2021, GEODIS, a leader in transport and logistics providers, collaborated with Bastian Solutions to install an AutoStore system at a new fulfillment center for a major clothing retailer. The $48 million material handling equipment acquisition will support the retailer's omnichannel capabilities, including e-Commerce and its more than 1,000 shops across the United States, by delivering the greatest reported throughput of an AutoStore system globally.
• In October 2021, Swisslog, the world's leading provider of robotic, data-driven, and flexible automated solutions was awarded the Best Warehousing Facility/Firm of the year for automating the fulfillment process for one of its local clients RoboStores. The warehouse, which is strategically positioned in Al Quoz, Dubai's heartland, installed an automated storage and retrieval system for small components using the Swisslog SynQ Software and the AutoStore from Swisslog.

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Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Hitch
 3.3 By Application
 3.4 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Tugger Automated Guided Vehicle Market by Type
 5.1 Tugger Automated Guided Vehicle Market Overview Snapshot and Growth Engine
 5.2 Tugger Automated Guided Vehicle Market Overview
 5.3 Lidar Sensors
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Lidar Sensors: Grographic Segmentation
 5.4 Wire Guidance
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Wire Guidance: Grographic Segmentation
 5.5 Visual Guiding
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Visual Guiding: Grographic Segmentation
 5.6 Geoguiding
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Geoguiding: Grographic Segmentation
To Be Continued…..

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