Market Overview:
The global AGV motor drives systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for AGVs from various end-use industries, such as automotive, food and beverage, and pharmaceuticals. In addition, the growing trend of automation is also contributing to the growth of this market. The global AGV motor drives systems market can be segmented on the basis of type into DC motors and AC motors. The DC motors segment is expected to hold a larger share in this market than the AC motors segment during the forecast period. This can be attributed to their high efficiency and low cost as compared to AC motors. On the basis of application,the global AGV motor drives systemsmarket can be divided into single wheel systems, two wheel systems, four wheel systems,,and others (six wheel system etc.).
Product Definition:
The AGV motor drives system is an important component of the AGV. The system is responsible for controlling the speed and direction of the vehicle.
DC Motors:
DC motors are used in automated guided vehicles (AGVs) for the purpose of moving the vehicle and its load. The growth factor that propels market demand is cost-effectiveness, which includes power consumption efficiency and low maintenance. DC motor has a simple structure; it consists of stator windings, rotor, cover, field windings & commutator along with brushes or slip rings that create an electromagnetic field to provide torque through the drive train.
AC Motors:
AC motors are the most commonly used type of electric motor. They are used in various applications such as household appliances, industrial robots, automated Guided Vehicles (AGVs), and medical devices. The AC motors market is expected to witness significant growth over the forecast period owing to increasing demand for automation in manufacturing processes across the globe.
The growing trend of using AGVs for commercial and industrial applications is also estimated to fuel market growth over the next few years.
Application Insights:
Single wheel systems dominated the global AGV motor drives systems market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for these vehicles from applications, such as warehouse automation and material handling. Furthermore, increasing adoption of single wheel AGVs by industries including food and beverage, healthcare and pharmaceuticals is expected to drive the segment further.
The two-wheel system application segment accounted for a substantial share in 2017 due to high product demand from industrial cleaning applications across various regions worldwide. Moreover, growing demand for two-wheelers with higher payload capacities is anticipated to boost industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to presence of large number of manufacturing facilities and rapid industrialization coupled with increasing adoption in China, Japan, South Korea and India. Moreover, rising demand for automation across various industries including food & beverage, retail is anticipated to drive regional growth over the forecast period.
Europe accounted for a significant share in terms of revenue due to early adoption by countries such as Germany and France on account of rising need for safety standards across several industries including automotive. However, stringent regulations regarding implementation dates associated with AGV motor drives systems may pose as a challenge for manufacturers during the forecast period. For instance; Germany implemented eCall regulation which requires installation of an emergency call system that must be operational from 2014 but it can only be installed after 2016 model year vehicles (sooner).
Growth Factors:
- Increasing demand for AGV motor drives systems from the automotive industry on account of the increasing production of vehicles.
- Growing demand for AGV motor drives systems in logistics and warehousing applications owing to the rising need for automation in these sectors.
- Rising popularity of electric vehicles which is expected to fuel the growth of the AGV motor drives market over the forecast period.
- Increasing investments by companies in research and development activities to develop advanced AGV motor drive systems products that offer better performance and efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
AGV Motor Drives Systems Market Research Report
By Type
DC Motors, AC Motors
By Application
Single Wheel Systems, Two Wheel Systems, Four Wheel Systems
By Companies
Texas Instruments, Kaman Automation, Semikron, ABB, ACS Motion Control, ALLEGRO MICROSYSTEMS, BISON, Boston Gear, Changzhou DINGS' Electrical & Mechanical Co., Ltd, KB Electronics, Inc, Magnetek, Middex-Electronic GmbH, PETER Electronic, Smart Motor Devices, Sprint Electric, Transmotec Sweden AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global AGV Motor Drives Systems Market Report Segments:
The global AGV Motor Drives Systems market is segmented on the basis of:
Types
DC Motors, AC Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Single Wheel Systems, Two Wheel Systems, Four Wheel Systems
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- Kaman Automation
- Semikron
- ABB
- ACS Motion Control
- ALLEGRO MICROSYSTEMS
- BISON
- Boston Gear
- Changzhou DINGS' Electrical & Mechanical Co., Ltd
- KB Electronics, Inc
- Magnetek
- Middex-Electronic GmbH
- PETER Electronic
- Smart Motor Devices
- Sprint Electric
- Transmotec Sweden AB
Highlights of The AGV Motor Drives Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC Motors
- AC Motors
- By Application:
- Single Wheel Systems
- Two Wheel Systems
- Four Wheel Systems
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AGV Motor Drives Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AGV Motor Drives Systems are a type of automated guided vehicle. They are designed to move goods or materials in a controlled and efficient manner.
Some of the key players operating in the agv motor drives systems market are Texas Instruments, Kaman Automation, Semikron, ABB, ACS Motion Control, ALLEGRO MICROSYSTEMS, BISON, Boston Gear, Changzhou DINGS' Electrical & Mechanical Co., Ltd, KB Electronics, Inc, Magnetek, Middex-Electronic GmbH, PETER Electronic, Smart Motor Devices, Sprint Electric, Transmotec Sweden AB.
The agv motor drives systems market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AGV Motor Drives Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AGV Motor Drives Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AGV Motor Drives Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AGV Motor Drives Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AGV Motor Drives Systems Market Size & Forecast, 2018-2028
4.5.1 AGV Motor Drives Systems Market Size and Y-o-Y Growth
4.5.2 AGV Motor Drives Systems Market Absolute $ Opportunity
Chapter 5 Global AGV Motor Drives Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AGV Motor Drives Systems Market Size Forecast by Type
5.2.1 DC Motors
5.2.2 AC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AGV Motor Drives Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AGV Motor Drives Systems Market Size Forecast by Applications
6.2.1 Single Wheel Systems
6.2.2 Two Wheel Systems
6.2.3 Four Wheel Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AGV Motor Drives Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AGV Motor Drives Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AGV Motor Drives Systems Analysis and Forecast
9.1 Introduction
9.2 North America AGV Motor Drives Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AGV Motor Drives Systems Market Size Forecast by Type
9.6.1 DC Motors
9.6.2 AC Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AGV Motor Drives Systems Market Size Forecast by Applications
9.10.1 Single Wheel Systems
9.10.2 Two Wheel Systems
9.10.3 Four Wheel Systems
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AGV Motor Drives Systems Analysis and Forecast
10.1 Introduction
10.2 Europe AGV Motor Drives Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AGV Motor Drives Systems Market Size Forecast by Type
10.6.1 DC Motors
10.6.2 AC Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AGV Motor Drives Systems Market Size Forecast by Applications
10.10.1 Single Wheel Systems
10.10.2 Two Wheel Systems
10.10.3 Four Wheel Systems
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AGV Motor Drives Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AGV Motor Drives Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AGV Motor Drives Systems Market Size Forecast by Type
11.6.1 DC Motors
11.6.2 AC Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AGV Motor Drives Systems Market Size Forecast by Applications
11.10.1 Single Wheel Systems
11.10.2 Two Wheel Systems
11.10.3 Four Wheel Systems
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AGV Motor Drives Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America AGV Motor Drives Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AGV Motor Drives Systems Market Size Forecast by Type
12.6.1 DC Motors
12.6.2 AC Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AGV Motor Drives Systems Market Size Forecast by Applications
12.10.1 Single Wheel Systems
12.10.2 Two Wheel Systems
12.10.3 Four Wheel Systems
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AGV Motor Drives Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AGV Motor Drives Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AGV Motor Drives Systems Market Size Forecast by Type
13.6.1 DC Motors
13.6.2 AC Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AGV Motor Drives Systems Market Size Forecast by Applications
13.10.1 Single Wheel Systems
13.10.2 Two Wheel Systems
13.10.3 Four Wheel Systems
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AGV Motor Drives Systems Market: Competitive Dashboard
14.2 Global AGV Motor Drives Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 Kaman Automation
14.3.3 Semikron
14.3.4 ABB
14.3.5 ACS Motion Control
14.3.6 ALLEGRO MICROSYSTEMS
14.3.7 BISON
14.3.8 Boston Gear
14.3.9 Changzhou DINGS' Electrical & Mechanical Co., Ltd
14.3.10 KB Electronics, Inc
14.3.11 Magnetek
14.3.12 Middex-Electronic GmbH
14.3.13 PETER Electronic
14.3.14 Smart Motor Devices
14.3.15 Sprint Electric
14.3.16 Transmotec Sweden AB
