PUBLISHER: Inkwood Research | PRODUCT CODE: 1308057
PUBLISHER: Inkwood Research | PRODUCT CODE: 1308057
The Europe automated guided vehicle market is expected to surge with a 6.96% CAGR during the forecast period, 2023-2032. The uptake of automated guided vehicles, which bolster workplace safety and address the growing need for automation, is further fueled by increased investments in technological advancements in the manufacturing sector, driving market growth in the region.
The Europe automated guided vehicle market growth assessment includes a thorough evaluation of Italy, Germany, Spain, France, the United Kingdom, Poland, and Rest of Europe. Italian manufacturing companies are rapidly transitioning towards Industry 4.0, characterized by the integration of automation and robotics technologies into their manufacturing plants and warehouses. This pivotal shift towards more lean, productive, and efficient manufacturing practices serves as a key propellant for the automated guided vehicle (AGV) market in Italy.
The adoption of automated guided vehicles is stimulated by the necessity for enhanced productivity and accuracy, efficient utilization of labor, and the need to improve safety during material handling operations, all of which collectively amplify the attractiveness of AGV solutions in the Italian industrial landscape.
Furthermore, AGVs have found extensive applications across diverse industries in Spain, including the automotive, logistics, retail, and manufacturing sectors. Recognizing the potential of AGV technology, Spanish firms are leveraging it to enhance their intralogistics operations and boost efficiency. Further bolstering the market growth, the Spanish Association of Mobile Robotics (ARME) joined forces with Kollmorgen Automation in a strategic alliance in October 2022. Such strategic endeavors further propel the expansion of the Spain automated guided vehicle market.
Prominent market players include: SSI Schaefer Group, KION AG, etc.