China Automated Guided Vehicle Market Size & Outlook
The automated guided vehicle market in China is expected to reach a projected revenue of US$ 510.1 million by 2030. A compound annual growth rate of 11% is expected of China automated guided vehicle market from 2024 to 2030.
Revenue, 2023 (US$M)
$245.2
Forecast, 2030 (US$M)
$510.1
CAGR, 2024 - 2030
11%
Report Coverage
China
China automated guided vehicle market, 2017-2030 (US$M)
Related Markets
China automated guided vehicle market highlights
- The China automated guided vehicle market generated a revenue of USD 245.2 million in 2023 and is expected to reach USD 510.1 million by 2030.
- The China market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, tow vehicle was the largest revenue generating vehicle type in 2023.
- Unit Load Carrier is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Automated guided vehicle market data book summary
| Market revenue in 2023 | USD 245.2 million |
| Market revenue in 2030 | USD 510.1 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Tow vehicle |
| Fastest growing segment | Unit Load Carrier |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles |
| Key market players worldwide | Swisslog, Daifuku Co Ltd, Toyota Industries Corp, Hyster-Yale Materials Handling Inc Class A, SSI Schaefer Systems International North America, Egemin Automation, Bastian Solutions, Dematic, JBT, Seegrid, Balyo, E & K Automation, Kollmorgen Automation, KMS Mobility Solutions, Elettric 80, Fetch Robotics, inVia Robotics, Locus Robotics, System Logistics |
Other key industry trends
- In terms of revenue, China accounted for 5.0% of the global automated guided vehicle market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India automated guided vehicle market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 243.7 million by 2030.
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Automated Guided Vehicle Market Scope
Automated guided vehicle market segmentation & scope
Others
Others
Pick & Place
Handling
Quality Testing
Machine Tending
Gluing & Welding
Automated Guided Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 43.03% in 2023. Horizon Databook has segmented the China 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.
- China Automated Guided Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
- China Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017-2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- China 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
- China Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- China Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- China Automated Guided Vehicle End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Electronics
- Pharmaceuticals
- Others
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Target buyers of China 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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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 country-level data and insights on the China automated guided vehicle market , including forecasts for subscribers. This country databook contains high-level insights into China automated guided vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China automated guided vehicle market size, by vehicle type, 2017-2030 (US$M)
China Automated Guided Vehicle Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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