Global Automated Guided Vehicle Market Size & Outlook
Global automated guided vehicle market, 2017-2030 (US$M)
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Global automated guided vehicle market highlights
- The global automated guided vehicle market generated a revenue of USD 4,862.8 million in 2023 and is expected to reach USD 9,376.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, tow vehicle accounted for a revenue of USD 1,944.4 million in 2023.
- Unit Load Carrier is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,862.8 million |
| Market revenue in 2030 | USD 9,376.6 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Tow vehicle |
| Fastest growing segment | Unit Load Carrier |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles |
Other key industry trends
- In terms of revenue, the North America accounted for 19.8% of the global automated guided vehicle market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 472.4 million by 2030.
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Automated Guided Vehicle Market Scope
Automated Guided Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automated guided vehicle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated guided vehicle market will help companies and investors design strategic landscapes.
Tow vehicle was the largest segment with a revenue share of 39.99% in 2023. Horizon Databook has segmented the Global automated guided vehicle market based on tow vehicle, unit load carrier, pallet truck, forklift truck, hybrid vehicles covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Automated Guided Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
- Global Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017-2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- Global Automated Guided Vehicle Application Outlook (Revenue, USD Million, 2017-2030)
- Logistics and Warehousing
- Cold Storage
- Transportation
- Wholesale & Distribution
- Cross-Docking
- Assembly
- Packaging
- Trailer Loading and Unloading
- Raw Material Handling
- Others
- Pick & Place
- Handling
- Quality Testing
- Machine Tending
- Gluing & Welding
- Logistics and Warehousing
- Global Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- Global Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- Global Automated Guided Vehicle End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Electronics
- Pharmaceuticals
- Others
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Target buyers of Global automated guided vehicle market databook
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Our clientele includes a mix of automated guided vehicle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automated guided vehicle market , including forecasts for subscribers. This global databook contains high-level insights into Global automated guided vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global automated guided vehicle market size, by region, 2017-2030 (US$M)
Top 10 countries: Automated guided vehicle market size, 2023 (US$M)
Global automated guided vehicle market share, by vehicle type, 2023 & 2030 (%, US$M)
Automated guided vehicle market: Opportunity assessment by country
Global automated guided vehicle market, by region, 2023 (US$M)
| Vehicle Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 288.6 | 359.0 | 435.8 | 490.1 | 552.0 | 624.3 | 706.3 | 794.9 | 887.3 | 981.4 | 1,076.3 | 1,171.9 | 1,273.5 | 1,380.4 | 10.7% |
| Europe | 646.3 | 796.3 | 957.3 | 1,066.2 | 1,189.2 | 1,331.8 | 1,492.0 | 1,662.6 | 1,837.3 | 2,011.7 | 2,184.0 | 2,353.7 | 2,531.6 | 2,715.8 | 9.5% |
| North America | 404.5 | 501.0 | 605.6 | 678.2 | 760.7 | 856.7 | 965.2 | 1,081.7 | 1,202.3 | 1,324.1 | 1,445.9 | 1,567.6 | 1,696.2 | 1,830.6 | 9.9% |
| MEA | 146.9 | 182.6 | 221.5 | 249.0 | 280.2 | 316.7 | 358.1 | 402.7 | 449.2 | 496.5 | 544.2 | 592.1 | 643.0 | 696.4 | 12.0% |
| Asia Pacific | 523.7 | 656.5 | 803.1 | 910.1 | 1,032.8 | 1,176.8 | 1,341.2 | 1,520.5 | 1,709.5 | 1,904.2 | 2,103.1 | 2,305.8 | 2,522.9 | 2,753.3 | 11.7% |
| Overall | 2,010.0 | 2,495.4 | 3,023.2 | 3,393.6 | 3,815.0 | 4,306.4 | 4,862.8 | 5,462.4 | 6,085.6 | 6,717.9 | 7,353.4 | 7,991.0 | 8,667.2 | 9,376.6 | 9.8% |
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