Synthetic Leather Market
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<strong>Synthetic</strong> <strong>Leather</strong> <strong>Market</strong>: Footwear Segment by Application Projected to Hold a Substantial<br />
<strong>Market</strong> Share over the Forecast Period: Global Industry Analysis (2012 - 2016) and<br />
Opportunity Assessment (2017 - 2027)<br />
Emerging and low-income economies are expected to increase their healthcare expenditures<br />
considerably till the year 2020 and the industry will be well-served by the AGV market. In addition<br />
to healthcare, substantial growth in the manufacturing and service sector are a direct result of higher<br />
GDP growth and this will have a positive impact on the spending for automated products benefiting<br />
the global AGV market. Future <strong>Market</strong> Insights in its upcoming report titled ‘Automated Guided<br />
Vehicle (AGV) <strong>Market</strong>: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 –<br />
2027’ has taken a comprehensive look at the prospects that exist in the AGV market for the ten-year<br />
period ending in 2027. The AGV market is expected to record an exponential CAGR of 10.6% for<br />
the decade and be valued at more than US$ 2.5 billion by end 2027.<br />
Navigation Technology – Laser Guidance Segment Dominates the AGV <strong>Market</strong> : The laser<br />
guidance segment holds more than half the AGV market by navigation technology and is predicted<br />
to retain its share for the foreseeable future. The laser guidance segment is anticipated to be worth<br />
more than half a billion dollars in 2017 alone. The lack of adequate charging facilities is a major<br />
impediment for plug in segments in the AGV market.<br />
Browse Full Report @ https://www.futuremarketinsights.com/reports/synthetic-leather-market<br />
Application – Transportation Key to Success in the AGV <strong>Market</strong> : A rising demand for effective<br />
material transportation within units is poised to benefit the AGV market. The transportation<br />
segment is projected to gain a massive 420 BPS over the course of the forecast period, largely at the<br />
expense of both storage and distribution in the AGV market. Rapid urbanization and increased<br />
industrial production should create the perfect cocktail for the explosive growth of the AGV market.<br />
Vehicle Type – Focus on Unit Load Carrier Segment in the AGV <strong>Market</strong> :The unit load carrier<br />
segment is estimated to hold approx. a fourth of the market share in the AGV market throughout the<br />
ten-year study. Even though the pallet truck segment may witness a higher CAGR of 11.8% from<br />
2017-2027, it is not likely to dislodge the unit load carrier segment from it pole position anytime<br />
soon.<br />
View and Download TOC : https://www.futuremarketinsights.com/reports/synthetic-leathermarket/toc<br />
End User – Maximum Potential in Automotive, Food & Beverage, and Logistics Sectors : Greater<br />
disposable incomes, demand for different vehicle types coupled with stringent regulatory guidelines<br />
compelling use of industrial materials are responsible for the growth of the AGV market. AGV’s are<br />
able to work in hazardous and harmful conditions further boosting their appeal. The automotive<br />
sector has more than a fourth of the AGV market value share to itself and may rise further in the<br />
future.<br />
Region – Developed Countries Hold a Lion’s Share of the AGV <strong>Market</strong> : Developed nations in<br />
Europe and North America have the maximum share in the AGV market because the technology is<br />
quite expensive and a number of key players have their base of operation here. Companies are<br />
advised to focus their attention on Western Europe as it is gaining on North America and might even<br />
outpace it at some point in the near future.<br />
To View Sample Report @ https://www.futuremarketinsights.com/reports/sample/REP-GB-4886<br />
Competition Dashboard : The companies profiled in the AGV market report include JBT
Corporation, Kuka AG, Daifuku Co., Kion Group AG, Omron Adept Technologies, AGVE Group,<br />
Transbotics Corporation, Oceaneering International Inc., Seegrid Corporation, Murata Machinery,<br />
SSI Schaefer, AVT Europe NV, Cassioli Srl, Toyota Industries Corporation, Robotnik, Kollmorgen,<br />
E&K Automation GMBH, BEUMER Group GmbH & Co., Mecalux, and Bastian Solutions.<br />
Key Insights<br />
Major players in the AGV market are recommended to innovate with tougher materials and safety<br />
features to increase the adoption rate of AGV vehicles. Urban industries that are blighted with<br />
safety related issues in their day-to-day operations are the primary target customers. Although<br />
developed countries have the largest share in the AGV market, attempts must be made to raise<br />
awareness of this game-changing technology in emerging economies such as China and India.