Middle East & Africa Automated Guided Vehicle Market Size & Outlook
Middle East & Africa automated guided vehicle market, 2017-2030 (US$M)
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MEA automated guided vehicle market highlights
- The MEA automated guided vehicle market generated a revenue of USD 358.1 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, tow vehicle was the largest revenue generating vehicle type in 2023.
- Forklift Truck is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 358.1 million |
| Market revenue in 2030 | USD 696.4 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Tow vehicle |
| Fastest growing segment | Forklift Truck |
| 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 |
| 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, MEA region accounted for 7.4% of the global automated guided vehicle market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,753.3 million by 2030.
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Automated Guided Vehicle Market Scope
Automated Guided Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 48.76% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
- Middle East & Africa Automated Guided Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
- Middle East & Africa Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017-2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- Middle East & Africa 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
- Middle East & Africa Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- Middle East & Africa Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- Middle East & Africa Automated Guided Vehicle End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Electronics
- Pharmaceuticals
- Others
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa automated guided vehicle market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automated guided vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA automated guided vehicle market size, by country, 2017-2030 (US$M)
Middle East & Africa Automated Guided Vehicle Market Outlook Share, 2023 & 2030 (US$M)
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