
Middle East & Africa Automated Guided Vehicle Market
No. of Pages: 162 | Report Code: TIPRE00027766 | Category: Electronics and Semiconductor
No. of Pages: 162 | Report Code: TIPRE00027766 | Category: Electronics and Semiconductor
Industrialization and automation are revolutionizing the way businesses and industries operate across the Middle East & Africa. Automation has enabled businesses to become more cost-effective and efficient by excluding labor-intensive tasks and increasing production accuracy and speed. Automation also has the potential to improve product quality and decrease human error. It has allowed businesses to improve customer service, modernize their operations, and reduce customer wait times. Automation is also helping businesses become more flexible, acknowledging them to respond quickly to changes in the market. As businesses embrace automation, they quickly realize the benefits it can bring to their operations. Industrialization and automation in industries are growing significantly. For instance, in June 2023, Rockwell Automation announced that 85% of automotive manufacturers plan to maintain or even increase their workforce due to technology adoption. In addition, 64% of businesses use software to automate processes, and 54% of leaders are increasing automation to address labor shortages.
According to the data of SSE Automation, industrial production has grown rapidly, and almost 90% of companies perceive benefits in automation. Automated guided vehicles are widely used for several purposes: increasing safety, lowering production time, assuring high production volume, and minimizing the risk of human mistakes. Thus, growing industrialization and automation in industries drive the Middle East & Africa automated guided vehicles market.
The Middle East & Africa automated guided vehicle market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. For cost savings and better operational efficiencies, the food, pharmaceutical, and logistics industries seek solutions that can optimize their inventories, deliver products efficiently, and maintain a balance between supply and demand. With better access to advanced IT infrastructure and equipment, the performance of the workforce in an organization is likely to increase significantly. For example, the demand for automated dispensing systems is estimated to grow due to increasing implementations of AGVs by these industries.
Strategic insights for the Middle East & Africa Automated Guided Vehicle provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Automated Guided Vehicle refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Automated Guided Vehicle Strategic Insights
Middle East & Africa Automated Guided Vehicle Report Scope
Report Attribute
Details
Market size in 2022
US$ 201.92 Million
Market Size by 2030
US$ 471.06 Million
Global CAGR (2022 - 2030)
11.2%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Technology
By Vehicle Type
By End User
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Automated Guided Vehicle Regional Insights
Middle East & Africa Automated Guided Vehicle Market Segmentation
The Middle East & Africa automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the Middle East & Africa automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.
Based on vehicle type, the Middle East & Africa automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.
Based on end user, the Middle East & Africa automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.
Based on country, the Middle East & Africa automated guided vehicle market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa automated guided vehicle market share in 2022.
Daifuku Co Ltd; Dematic Corp; John Bean Technologies Corp; Jungheinrich AG; Konecranes Plc; Murata Machinery Ltd; and Toyota Material Handling Inc are some of the leading players operating in the Middle East & Africa automated guided vehicle market.
The Middle East & Africa Automated Guided Vehicle Market is valued at US$ 201.92 Million in 2022, it is projected to reach US$ 471.06 Million by 2030.
As per our report Middle East & Africa Automated Guided Vehicle Market, the market size is valued at US$ 201.92 Million in 2022, projecting it to reach US$ 471.06 Million by 2030. This translates to a CAGR of approximately 11.2% during the forecast period.
The Middle East & Africa Automated Guided Vehicle Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Automated Guided Vehicle Market report:
The Middle East & Africa Automated Guided Vehicle Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Automated Guided Vehicle Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Automated Guided Vehicle Market value chain can benefit from the information contained in a comprehensive market report.