South Korea Automated Guided Vehicle Market Size & Outlook
South Korea automated guided vehicle market, 2017-2030 (US$M)
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South Korea automated guided vehicle market highlights
- The South Korea automated guided vehicle market generated a revenue of USD 161.4 million in 2023 and is expected to reach USD 323.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.4% 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.
Automated guided vehicle market data book summary
| Market revenue in 2023 | USD 161.4 million |
| Market revenue in 2030 | USD 323.1 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Tow vehicle |
| Fastest growing segment | Forklift Truck |
| 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, South Korea accounted for 3.3% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 38.29% in 2023. Horizon Databook has segmented the South Korea 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.
- South Korea Automated Guided Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
- South Korea Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017-2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- South Korea 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
- South Korea Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- South Korea Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- South Korea Automated Guided Vehicle End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Electronics
- Pharmaceuticals
- Others
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Target buyers of South Korea 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 country-level data and insights on the South Korea automated guided vehicle market , including forecasts for subscribers. This country databook contains high-level insights into South Korea automated guided vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea automated guided vehicle market size, by vehicle type, 2017-2030 (US$M)
South Korea Automated Guided Vehicle Market Outlook Share, 2023 & 2030 (US$M)
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