Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Automated Guided Vehicle Market Outlook

The global automated guided vehicle market reached a value of about USD 2.66 billion in 2023. The market is further expected to grow at a CAGR of 9.8% in the forecast period of 2024-2032 to reach a value of approximately USD 6.21 billion by 2032.            

Global Automated Guided Vehicle Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Demand for Unit Load Carriers to Augment the Automated Guided Vehicle Industry Growth

Based on type, the unit load carrier segment accounts for a significant share in the automated guided vehicle industry. This can be attributed to the increasing utilisation of unit load carriers to deliver pallets and large containers and their ability to schedule the task efficiently by minimising product damage and aisle traffic. Further, they do not need human intervention unlike fork trucks, and, thus, are great for repetitive tasks and hazardous areas.  Being autonomous in nature, they reduce the requirement of human labour and provide enhanced safety to workers. The rising demand for enhanced workers’ safety is significantly contributing to the growth of the segment.

The Asia Pacific to Provide Enhanced Growth Opportunities to the Automated Guided Vehicle Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the increasing acceptance of technology, rapid industrialisation, and growing shift towards automation. Furthermore, the growing investments by the leading e-commerce companies like Amazon and others in emerging countries like China and India are expected to significantly contribute to the industry growth in the forecast period.

Automated Guided Vehicle: Market Segmentation

Automated guided vehicles (AGV) refer to load carriers or material handling systems that are autonomous in nature. They are programmed to travel autonomously across manufacturing facilities, warehouses, or distribution centres to assist in moving and transporting items. AGVs provide significant advantages like increase in precision and productivity, safety inside facilities, and reduction in labour cost.

Global Automated Guided Vehicle Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the market is divided into:

  • Unit Load Carriers 
  • Tow Vehicles 
  • Assembly Line Vehicles 
  • Forklift Vehicles 
  • Pallet Trucks 
  • Special Purpose 
  • Others

Based on navigation technology, the industry can be segmented into:

  • Vision Guidance 
  • Laser Guidance 
  • Inductive Guidance 
  • Magnetic Guidance 
  • Optical Tape Guidance 
  • Others

The market is divided based on application into:

  • Transportation 
  • Assembly 
  • Distribution 
  • Storage 
  • Waste Handling 
  • Packaging 
    • Others

On the basis of end use, the industry can be bifurcated into:

By industry, the market can be segmented into:

  • Automotive 
  • Metal and Heavy Machinery 
  • Logistics 
  • Chemical 
  • Aviation 
  • Food and Beverage 
  • Electrical and Electronics 
  • Retail 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Automated Guided Vehicle Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Demand for Automation in Material Handling and the Thriving E-Commerce Sector to Bolster the Growth of the Automated Guided Vehicle Industry

In recent years, supply chain management has witnessed a dramatic shift towards automation. There has been a rise in adoption of automated guided vehicles like forklifts, pallet trucks, small rack-carrying robots, and others as these vehicles can perform some tasks by using machine learning and deep learning. They are seen as the safest alternatives for manual material handling. Additionally, the growth of the e-commerce industry is resulting in increased demand for safe and efficient material handling equipment to boost productivity. This is further driving the growth of the automated guided vehicle industry. However, high initial investment and maintenance costs associated with automated guided vehicles may hamper the industry growth.

Over the forecast period, the rapid technological advancements and the increasing focus on safety and accuracy are expected to favour the industry growth. The integration of industry 4.0 is expected to be a major trend in the coming years.

Key Industry Players in the Global Automated Guided Vehicle Market

The report gives a detailed analysis of the following key players in the global automated guided vehicle market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Daifuku Co., Ltd.
  • JBT Europe B.V. 
  • KUKA AG 
  • Seegrid Corporation 
  • Toyota Material Handling, Inc. 
  • Oceaneering International, Inc. 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Navigation Technology
  • Application
  • End Use
  • Industry
  • Region
Breakup by Type
  • Unit Load Carriers
  • Tow Vehicles
  • Assembly Line Vehicles
  • Forklift Vehicles
  • Pallet Trucks
  • Special Purpose
  • Others
Breakup by Navigation Technology
  • Vision Guidance
  • Laser Guidance
  • Inductive Guidance
  • Magnetic Guidance
  • Optical Tape Guidance
  • Others
Breakup by Application
  • Transportation
  • Assembly
  • Distribution
  • Storage
  • Waste Handling
  • Packaging
  • Others
Breakup by End Use
  • Manufacturing Sector
  • Wholesale and Distribution Sector
Breakup by Industry
  • Automotive
  • Metal and Heavy Machinery
  • Logistics
  • Chemical
  • Aviation
  • Food and Beverage
  • Electrical and Electronics
  • Retail
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Daifuku Co., Ltd.
  • JBT Europe B.V.
  • KUKA AG
  • Seegrid Corporation
  • Toyota Material Handling, Inc.
  • Oceaneering International, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

In 2023, the market attained a value of approximately USD 2.66 billion. 

The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.21 billion by 2032. 

The major drivers of the market include the increasing shift towards automation in material handling, rising demand for enhanced safety, and the growing e-commerce market.

The key trends guiding the growth of the market include the growing technological advancements and the increasing focus on accuracy and precision.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of automated guided vehicle in the market are unit load carriers, tow vehicles, assembly line vehicles, forklift vehicles, pallet trucks, and special purpose, among others.

The major navigation technologies of the market are vision guidance, laser guidance, inductive guidance, magnetic guidance, and optical tape guidance, among others.

The significant applications in the market are transportation, assembly, distribution, storage, waste handling, and packaging, among others.

The leading end uses in the market are manufacturing sector and wholesale and distribution sector.

The major industries in the market are automotive, metal and heavy machinery, logistics, chemical, aviation, food and beverage, electrical and electronics, and retail, among others.

The key players in the global automated guided vehicle market are Daifuku Co., Ltd., JBT Europe B.V., KUKA AG, Seegrid Corporation, Toyota Material Handling, Inc., and Oceaneering International, Inc., among others.

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Strategic Solutions for Informed Decision-Making

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124