GVR Report cover Automated Guided Vehicle Market Size, Share & Trends Report

Automated Guided Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type, By Navigation Technology, By Application, By End-use Industry, By Component, By Battery Type, By Mode Of Operation, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-153-5
  • Number of Report Pages: 213
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Technology

Automated Guided Vehicle Market Trends

The global automated guided vehicle market size was estimated at USD 4.79 billion in 2023 and is expected to grow at a CAGR of 9.4% from 2024 to 2030. Automated guided vehicle (AGV) systems assist in moving and transporting items in manufacturing facilities, warehouses, and distribution centers without any permanent conveying system or manual intervention. It follows configurable guide paths for optimizing storage, picking, and transport functions in the environment of premium space. AGVs are being highly adopted owing to several benefits, such as reduced labor costs, reduced product damage, increased productivity, and scale to support automation processes. These notable advantages encourage transportation and logistics firms to deploy AGVs to boost the efficiency of their operations.

U.S. Automated Guided Vehicle Market size and growth rate, 2024 - 2030

For instance, in May 2021, AUDI AG stated that they use AGVs in their manufacturing centers, which helps them indirectly plan the production process to know which component is out of stock and needs to be available. Further, it also helps in carrying items supply trolleys which helps them maintain safety.

Retailing and other logistics-related companies are collaborating and partnering with tech giants to transform the material handling industry. For instance, in November 2021, OTSAW Digital Pte Ltd, an autonomous mobile robot solution, partnered with Swisslog Healthcare to develop automated guided vehicles for the healthcare sector to enable better patient care. Further, this partnership would expand their business by deploying AGV in Asia Pacific, Europe, and MEA.

Besides, in February 2022, Siemens, a Germany-based industrial manufacturer, partnered with Parmley Graham Ltd. and AR Controls to build, design, and manufacture automated guided vehicles. The partnership and the launch of AGV would bring a lot of advantages, such as low labor costs, reduced risk of workplace injury, logistics management, and faster delivery. Furthermore, retail and commerce-based companies and businesses are deploying collaborative robots in their warehouses and expanding their businesses through acquisitions of large-scale cobot providers.

For instance, in February 2022, SAVE MART SUPERMARKETS, a grocery store company, partnered with Starship Technologies, a provider of autonomous delivery vehicles. The initiative aims to deliver groceries using the Starship robot, a combination of artificial intelligence and machine learning. With the installation of the starship robot, SAVE MART SUPERMARKETS expanded its delivery area. Besides, in January 2023, Barcoding, Inc., a prominent player in supply chain efficiency, connectivity, and accuracy, announced the acquisition of FRED AGV, an automated guided vehicle manufacturer. The acquisition illustrates continuous investment and expansion in industrial automation for Barcoding, Inc.

Automated guided vehicles are used in various end-use industries, such as logistics, automotive, healthcare, manufacturing, food & beverages, and others. Increased productivity and reduced labor costs are the key factors driving the need for industrial equipment. The demand for AGVs is expected to grow owing to the increasing automation in industries. Increasing industrialization has led to the continuous need for customized material handling and transport solutions for fuel efficiency.

For instance, in February 2023, The SSI Schaefer Group, a prominent supplier of systems, components, and software for warehouse automation, acquired DS AUTOMOTION GmbH, a global supplier of automated guided vehicles and autonomous mobile robotics. The acquisition intends to expand the minority interest of SSI Schaefer to reminisce the growing significance of AGV and autonomous and mobile robotics business in intralogistics.

Market Concentration & Characteristics

The degree of innovation is high and the pace of the market growth is accelerating. The increasing development of next-generation AGVs by integration of AI and ML technologies has been observed to drive innovation, research, and development of the global market. The adoption of smart AGVs is expected to rise significantly owing to the growing flexibility of the AGVs in adapting to the environment automatically, irrespective of predefined paths.

Automated Guided Vehicle Market Concentration & Characteristics

The global AGV market is characterized by a moderate level of merger and acquisition (M&A) activity, reflecting the industry's rapid evolution. Prominent players are strategically acquiring startups to enhance their technological portfolios and gain a competitive edge, thereby enhancing their global market share. However, with consistent growth in research & development (R&D) in the industry, the global market is expected to remain slightly fragmented over the forecast period.

The growing focus of government authorities on ensuring safety and security at workplaces with heavy machinery has allowed enterprises to adopt smart, automated guided vehicles in their workplaces. Moreover, the growing support of several developing governments for international investors has also bolstered investments in the automated guided vehicle sector, thereby enabling considerable market growth.

Increasing developments in the robotics field coupled with rising integration of AI technologies are observed to produce smarter AGVs over the forecast period. However, the high cost of AGV development limits the vision of enterprises in exploring the robotics field, thereby leaving few chances for the emergence of substitutes in the industry.

The end-user concentration is observed to be limited to heavy industries and large-scale enterprises. The application of AGV is prevalent in the manufacturing, inventory, packaging, and logistics sectors, thereby allowing supply chain authorities to deploy smart AGV solutions. However, the growing need for seamless business operations and reducing time to market while maintaining safety and security at the workplace is expected to propel the adoption of AGVs in other sectors at a considerable growth rate over the forecast period.

COVID-19 Impact Insights

The COVID-19 outbreak created economic turmoil for almost every industry at the global level. Many organizations have suffered or are suffering losses due to a shortfall in productivity as governments worldwide inflicted nationwide lockdowns to control the epidemic's spread. The pandemic has resulted in a vast decline in profits and revenue for the manufacturing industry. Businesses have experienced a significant cut down in their staff resulting in an overall loss to manufacturing activities. SMEs (Small and Medium Enterprises) have been the worst hit due to substantial layoffs, financial crises, and attritions. Industrial automation and deployment of AGVs hold a crucial role in ensuring that businesses meet certain production levels during such turmoil.

The pandemic has brought numerous opportunities for the AGV industry as it helps industries continue their production operations. For instance, in February 2022, AEROTECH US launched the AGV-XPO galvo scanner, a laser scan head that helps in high precision production of complex components in medical technology. Further, it enables minimal consequential errors and faster execution of aggressive paths. Besides WEWO, Techmotion provides AGVs in healthcare and pharma to transport medicines, foods, medical equipment, laundry, and sterile goods. These AGVs are also used for cleaning rooms, controlled material validation, and flows.

Navigation Technology Insights

The laser guidance segment dominated the market in 2023 and accounted for a revenue share of over 36% owing to the adoption of technological advancements in the automotive sector. For instance, two vehicles use laser guidance technology to navigate. Further, laser targets are positioned all over the warehouse to identify the precise location of each vehicle. These vehicles' software effectively coordinates the movements based on incoming instructions and vehicle traffic. The AGV system has been connected with the existing management systems for warehousing center operations to offer two-way communication of product movement.

The natural navigation segment is expected to register the fastest CAGR over the forecast period. The vision guidance segment is expected to witness healthy growth during the study period. The need for intelligent and efficient routing contributes to the increasing adoption of automated vehicles. Computer vision and related software solutions allow AGVs to analyze the environment in real-time better, thereby boosting the demand for AGVs for operations in challenging environments, such as maneuvering significant components through narrow aisles. For instance, in April 2021, Toyota Industries Corporation launched a global autonomous vehicle software company, “T-Hive,” to add solutions to all the vehicles produced by Toyota Industries Corporation.

Global Automated Guided Vehicle Market share and size, 2023

Camera-based vision available in AGVs, complemented by the LiDAR sensors and computer systems, helps ensure accurate navigation within production facilities and warehouses. The cameras installed on these vehicles can assist with obtaining information and detecting obstacles. It can also help analyze the infrastructure in real time within the facilities. The information provided by the LiDAR sensors and the cameras can help create a 3D image of the operational area. For instance, in July 2021, ElephantRobotics, a Chinese company specializing in robotics design, production, development, and smart manufacturing services, launched MyAGV with an A-5-megapixel camera with an 8-meter identification range, which would help detect obstacles and obtain information.

Vehicle Type Insights

The tow vehicle segment dominated the market in 2023 and accounted for a revenue share of over 39%, owing to high requirements for bulk movement of products into and out of warehouse areas. AGV towing vehicles are used in various applications, including moving bulk products into and out of warehouse areas. Side path spurs are placed in shipping or receiving areas to facilitate loading or unloading goods from trains off the main line.

For instance, in March 2021, Bastian Solutions, LLC launched a Raymond courier vision-guided tow tractor vehicle to provide automated solutions and optimize the warehouse. The tow tractor VGV can carry a payload capacity of up to 10,000 lbs with a maximum speed of 2.6mph and a route capacity of up to 1.5 miles. Further, a single operator could control multiple tow tractor VGVs, increasing the impact of both the workforce and fleet of trucks without increasing the labor costs.

The unit load carrier segment is expected to grow at the fastest CAGR from 2024 to 2030. Unit load AGVs are used for delivering pallets, large containers, and roll handling. Also, it allows scheduling tasks efficiently by reducing aisle traffic and product damage. For instance, in September 2021, Addverb Technologies Private Limited, a robotics and automation firm, announced its business expansion across Australia, Europe, and Singapore markets. This initiative was initiated in response to the growing need for unit load AGVs, robotics, and automation solutions in the global market.

Application Insights

The logistics and warehousing segment dominated the market in 2023 and accounted for a revenue share of over 40%. The logistics & warehousing segment has been further divided into transportation, cold storage, wholesale & distribution, and cross-docking. Enterprises upgrading their existing facilities and building new facilities are aggressively adopting modern retrieval and automated storage systems and other material handling equipment to save on labor costs and boost efficiency and productivity. For instance, in March 2023, Rocla AGV, a Mitsubishi Logisnext company, launched a new automated compact truck designed to lift heavy loads in narrow spaces. The new truck works between the warehouse and loading docks and fits easily in the existing warehouse setting with minimal rack modifications.

The assembly segment is expected to grow at the fastest CAGR over the forecast period. Modern retrieval and automated storage systems, as well as other material handling equipment, are rapidly adopted by businesses renovating their current facilities and establishing new ones to reduce labor costs and increase productivity and efficiency. For instance, in February 2021, SAFELOG GmbH, an automated transportation company, launched warehouse robots, SafeLogAGV L1 lifts which load up to 15000kg. This model would enable cost-effective and efficient operation, operating in a swarm or individually.

Mode Of Operation Insights

The indoor segment dominated the market in 2023 and accounted for a revenue share of over 75%. The growth can be attributed to increased warehouse automation powered by AGVs. AGVs have seen heightened demand in warehouses and distribution centers, driven by the necessity for efficient material handling to meet the rising demands of e-commerce and inventory management. Enhanced safety features and operational efficiency offered by AGVs, facilitated by advancements in sensor technology and navigation systems, further maintain indoor environments.

The outdoor segment is poised for significant growth in the coming years. Advancements in technology, especially in navigation systems and durability, are expanding the applications of AGVs beyond traditional indoor settings to outdoor environments such as agriculture, construction, and logistics. The rising demand for autonomous solutions across industries, associated with infrastructure development efforts and the surge in e-commerce, further propels the adoption of outdoor AGVs. Ongoing technological advancements, along with regulatory support for automation initiatives, are driving the rapid expansion of the outdoor AGV market.

End-use Industry Insights

The manufacturing segment dominated the market in 2023 and accounted for a revenue share of over 76%. The manufacturing industry is further sub-segmented into aerospace & defense, automotive, electronics, pharmaceuticals, chemicals, plastics, FMCG, and tissue. The wholesale and distribution sector segment is expected to expand at the fastest CAGR over the forecast period. Also, the wholesale & distribution sector is further sub-segmented into e-commerce, grocery stores, retail chains/conveyance stores, and hotels & restaurants. The growing adoption of AGVs across various industries can be attributed to the benefits of AGVs in terms of productivity, safety, and accuracy.

Automated guided vehicles are equipped with cameras, laser heads, and other sensors, which help them operate safely around machinery, structures, and employees. While operators can make errors that can lead to accidents and mishaps in a manufacturing or distribution facility, AGVs can help improve the accuracy of the workflows, thereby reducing waste and augmenting productivity. For instance, in March 2021, GIDEON, an automation and AI company, installed its AGVs in a prominent regional food industries company Atlantic Grupa d.d., This installation would allow the company to have paperless operations and further increase the throughput of the central facility.

Aerospace & defense manufacturing facilities tend to be massive owing to the size of the components, such as fuselages, nacelles, engine pods, and wings, among others. However, the paths through which these components are moved within the facility tend to be narrow. While moving heavy elements through such narrow pathways, natural errors could lead to mishaps and accidents. Aerospace & defense companies are deploying automated guided vehicles so that heavy components can be moved within the facility on predefined routes and human errors can be avoided. For instance, in July 2021, Lodige Industries, a German-based automation company, installed its AGV at the Swissport with a loading capacity of 6,800kg. The AGV installed would eliminate the ground transportation routes and improve flexibility, safety, and efficiency.

Component Insights

The hardware segment dominated the market in 2023 and accounted for a revenue share of over 69%. The growth can be attributed to the increasingly deployed collaborative robots for reduced human labor and repetitive tasks in manufacturing or distribution facilities. For instance, in June 2021, Amazon.com, Inc. designed new autonomous mobile robots, including Scooter, Ernie, Bert, and Kermit, to reduce human labor tasks and warehouse injuries. These robots would complete tasks such as physical labor and transporting totes. The service segment is expected to grow at the fastest CAGR over the forecast period. The growth can be attributed to the growing demand among the end-users for various services, which include preventive and corrective maintenance, vehicle and software health checks, and training employees involved directly or indirectly with the operation of AGVs.

The service segment is predicted to foresee significant growth in the coming years. This growth can be attributed to the rising demand for various services, which include preventive and corrective maintenance, vehicle and software health checks, and training employees directly or indirectly with the operation of AGVs. Several manufacturing plants and warehouses deploy material handling equipment (hardware) for various activities, such as locating stock, picking orders, and moving products and raw materials. Transportation and logistics firms mainly focus on deploying such equipment to boost the efficiency of their operations in line with the growing demand for their services.

Battery Type Insights

The lead battery segment dominated the market in 2023 and accounted for a revenue share of over 61%. These batteries have low-cost advantages over other battery types. Besides, it offers good reversibility, stable voltage, and long service life and is suitable for various applications. The lithium-ion battery segment is expected to grow at the fastest CAGR over the forecast period. The AGV market is witnessing a progressive switch from lead-acid to lithium-ion batteries.

Compared to lead-acid batteries, lithium-ion batteries have higher costs. Lithium-ion batteries support high-power charge and discharge. Also, it meets different industry conditions of user demand, including excellent temperature performance, high energy density, and a long life cycle. These advantages of lithium-ion batteries are anticipated to encourage AGV manufacturers to adopt lithium-ion among battery types. For instance, in July 2021, Flux Power, a manufacturing company for rechargeable lithium energy solutions, stated that lithium batteries used in AGV would help maintain high voltage levels. These batteries are highly efficient, high performing, low maintenance, and fast charging.

Regional Insights

North America held a dominant revenue share of over 19% in 2023. The region's growing adoption of automated guided vehicles is propelled by its strong manufacturing and logistics sector, which is reliant on automation for efficient material handling. With the aging workforce and a shrinking labor pool, companies are turning to automation to increase efficiency and productivity. Additionally, e-commerce has led to a significant increase in the demand for automated guided vehicles. These systems can handle large volumes of orders efficiently, reducing the need for manual labor. There is also a growing emphasis on workplace safety, and automated guided vehicles can significantly improve safety by reducing the risk of accidents and injuries.

Automated Guided Vehicle Market Trends, by Region, 2024 - 2030

U.S. Automated Guided Vehicle Market Trends

The U.S. AGV market is expected to grow at a CAGR of 9.0% from 2024 to 2030. The U.S. is the major producer of AGV for warehouse automation, including fulfillment centers. The production of such equipment is rapidly increasing, fueled by advancements in technology and increased investments in automation.

Europe Automated Guided Vehicle Market Trends

The AGV market in Europe is expected to witness significant growth over the forecast period. The growth is primarily driven by the demand for material handling equipment by the incumbents of the manufacturing industry. Automation in every sector has also augmented the market’s growth. Adding more automated vehicles would reduce labor costs, increase productivity, and help assemble the order of shoes and clothing in the distribution center.

The Germany automated guided vehicle market held a significant share in Europe. Germany's AGV market is growing due to the increasing demand for automation and optimization of material handling processes in various industries such as automotive, e-commerce, food and beverage, pharmaceuticals, and logistics. Germany represented the highest growth rate in e-commerce turnover in Europe, which is expected to boost the demand for AGV.

Asia Pacific Automated Guided Vehicle Market Trends

The AGV market in Asia Pacific is anticipated to register the highest CAGR over the forecast period. The e-commerce industry has been growing considerably in emerging economies of Asia Pacific, such as China and India. For instance, in February 2023, Mitsubishi Electric Asia, a subsidiary of Mitsubishi Electric Corporation, launched a new Integrated Solutions Centre. The new center showcases the company’s advanced and comprehensive digital technologies to facilitate co-creation with clients and create next-generation integrated solutions.

The India AGV market held a significant revenue share in the Asia Pacific region. The warehousing sector in India is developing quickly and is progressing towards palletized loads, which can be stored at heights. Logistics operations and larger warehouses will require advanced storage and handling solutions, boosting the demand for automated guided vehicles in India.

Key Automated Guided Vehicle Company Insights

Key automated guided vehicle companies include Swisslog Holding AG; Daifuku Co., Ltd.; JBT; Seegrid Corporation; TOYOTA INDUSTRIES CORPORATION; Hyster-Yale Materials Handling, Inc.; and Kollmorgen. Increasing collaborations and mergers & acquisitions are expected to maximize the environmental and economic benefits for the market players by enabling them to share ideas and enhance their internal skills and technologies. For instance, in March 2022, Seegrid Corporation, an autonomous mobile robot provider, partnered with ROBEX. This initiative towards partnership would allow Seegrid Corporation to expand its business, and clients of ROBEX would also be introduced to Seegrid Corporation products. Further, this would help grow the demand for automation in supply chain management. It would also make it easier to supply clients and partners with complete end-to-end warehouse management solutions.

Key Automated Guided Vehicle Companies:

The following are the leading companies in the automated guided vehicle market. These companies collectively hold the largest market share and dictate industry trends.

  • Swisslog Holding AG
  • Egemin Automation Inc.
  • Bastian Solutions, Inc.
  • Daifuku Co., Ltd.
  • Dematic
  • JBT
  • Seegrid Corporation
  • TOYOTA INDUSTRIES CORPORATION
  • Hyster-Yale Materials Handling, Inc.
  • BALYO
  • E&K Automation GmbH
  • Kollmorgen
  • KMH Fleet Solutions
  • ELETTRIC80 S.P.A.
  • Fetch Robotics, Inc.
  • inVia Robotics, Inc.
  • Locus Robotics
  • Schaefer Systems International, Inc.
  • System Logistics Spa
  • Transbotics (A division of Scott Systems International Incorporated)

Recent Developments

  • In November 2023, Movella, Inc., an American sensor technology provider, collaborated with Taiwanese industrial IoT-provided Advantech to develop advanced automated guided vehicles and autonomous mobile robot systems. By developing these systems, the companies aim to simplify material deployment for their customers, thereby minimizing solution compatibility issues and expediting time to market.

  • In October 2023, Align Production Systems, an American material handling solution provided collaborated with Kollmorgen, a vehicle control solution provider, to develop and offer efficient and reliable automated guided vehicle systems designed by Align Production Systems and comprising of Kollmorgen’s NDC solutions. This partnership aims to revolutionize the manufacturing sector by enabling manufacturers to move large and heavy products across their facilities.

  • In March 2023, Mitsubishi Logisnext Americas group announced the launch of their new AGV product, Jungheinrich EKX 516ka / 516a Automated High-Rack Stacker, initially planned to deploy for their U.S.-based customers. With very narrow aisle operations and greater storage density, this product allows users to gain maximum efficiency and productivity in their business operations.

Automated Guided Vehicle Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 5.34 billion

Revenue forecast in 2030

USD 9.18 billion

Growth rate

CAGR of 9.4% from 2024 to 2030

Actual data

2017 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Vehicle type, navigation technology, application, end-use industry, component, battery type, mode of operation, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; UK; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Kingdom of Saudi Arabia (KSA); UAE; South Africa

Key companies profiled

Swisslog Holding AG; Dematic; Bastian Solutions, Inc.; Daifuku Co., Ltd.; JBT; Seegrid Corporation; TOYOTA INDUSTRIES CORPORATION; Hyster-Yale Materials Handling, Inc.; BALYO; E&K Automation GmbH; Kollmorgen; KMH Fleet Solutions; ELETTRIC80 S.P.A.; Fetch Robotics, Inc.; inVia Robotics, Inc.; Locus Robotics; Schaefer Systems International, Inc.; System Logistics Spa; Scott

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Automated Guided Vehicle Market Report Segmentation

This report provides forecasts for revenue growth at the global, regional, and country levels and analyses of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global automated guided vehicle market report based on vehicle type, navigation technology, application, end-use industry, component, battery type, mode of operation, and region:

  • Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Tow Vehicle

    • Unit Load Carrier

    • Pallet Truck

    • Forklift Truck

    • Hybrid Vehicles

    • Others

  • Navigation Technology Outlook (Revenue, USD Million, 2017 - 2030)

    • Laser Guidance

    • Magnetic Guidance

    • Vision Guidance

    • Inductive Guidance

    • Natural Navigation

    • Others

  • Application Outlook (Revenue, USD Million, 2017 - 2030)

    • Logistics and Warehousing

      • Transportation

      • Cold Storage

      • Wholesale & Distribution

      • Cross-docking

    • Assembly

    • Packaging

    • Trailer Loading and Unloading

    • Raw Material Handling

    • Others

  • End-use Industry Outlook (Revenue, USD Million, 2017 - 2030)

    • Manufacturing Sector

      • Automotive

      • Aerospace

      • Electronics

      • Chemical

      • Pharmaceuticals

      • Plastics

      • Defense

      • FMCG

      • Tissue

      • Others

    • Wholesale and Distribution Sector

      • E-commerce

      • Retail Chains/Conveyance Stores

      • Grocery Stores

      • Hotels and Restaurants

  • Component Outlook (Revenue, USD Million, 2017 - 2030)

    • Hardware

    • Software

    • Service

  • Battery Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Lead Battery 

    • Lithium-Ion Battery

    • Nickel-based Battery 

    • Others

  • Mode of Operation Outlook (Revenue, USD Million, 2017 - 2030)

    • Indoor

    • Outdoor

  • Regional Outlook (Revenue, USD Million,2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • Kingdom of Saudi Arabia (KSA)

      • UAE

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology And Scope
                    1.1 Market Segmentation & Scope
                    1.2 Market Definition
                    1.3 Information Procurement
                        1.3.1 Purchased Database
                        1.3.2 GVR’s Internal Database
                        1.3.3 Secondary Sources & Third-Party Perspectives
                        1.3.4 Primary Research
                    1.4 Information Analysis
                        1.4.1 Data Analysis Models
                    1.5 Market Formulation & Data Visualization
                    1.6 Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1 AGV - Industry Snapshot & Key Buying Criteria, 2017 - 2030
                        2.2.1 Global Automated Guided Vehicle Market, 2017 - 2030
                    2.2 Segmental Outlook
                        2.2.1 Vehicle Type Outlook
                        2.2.2 Navigation Technology Outlook
                        2.2.3 Application Outlook
                        2.2.4 End-Use Industry Outlook
                        2.2.5 Component Outlook
                        2.2.6 Battery Type Outlook
                        2.2.7 Regional Outlook
Chapter 3. AGV Industry Outlook
                    3.1 Market Segmentation
                    3.2 Market Size And Growth Prospects
                    3.3 Future Of AGV
                    3.4 Case Studies
                        3.4.1 Case Study 1
                        3.4.2 Case Study 2
                    3.5 AGV - Value Chain Analysis
                        3.5.1 Raw Material Trends
                            3.5.1.1 Major Raw Materials Market Analysis
                        3.5.2 Key End-Users
                    3.6 Vendor Landscape
                        3.6.1 Key Takeaways
                            3.6.1.1 Swisslog Holding AG
                            3.6.1.2 Dematic
                            3.6.1.3 Bastian Solutions, Inc.
                            3.6.1.4 Daifuku Co., Ltd.
                            3.6.1.5 JBT
                            3.6.1.6 Seegrid Corporation
                            3.6.1.7 TOYOTA INDUSTRIES CORPORATION
                            3.6.1.8 Hyster-Yale Materials Handling, Inc.
                            3.6.1.9 BALYO
                            3.6.1.10 E&K Automation Gmbh
                            3.6.1.11 Kollmorgen
                            3.6.1.12 KMH Fleet Solutions
                            3.6.1.13 ELETTRIC80 S.P.A.
                            3.6.1.14 Fetch Robotics, Inc.
                            3.6.1.15 Invia Robotics, Inc.
                            3.6.1.16 Locus Robotics
                            3.6.1.17 Schaefer Systems International, Inc.
                            3.6.1.18 System Logistics Spa
                            3.6.1.19 Scott
                    3.7 AGV Market Dynamics
                        3.7.1 Supplier/Vendor Trends
                        3.7.2 Buyers/Application Trends
                        3.7.3 Technology Trends
                        3.7.4 Regulatory Trends
                    3.8 Market Driver Analysis
                        3.8.1 Increasing Demand For Automation And Material Handling Equipment In Various Process Industries
                        3.8.2 Replacement Of Conventional Batteries With Lithium-Ion Batteries
                        3.8.3 High Labor Costs
                        3.8.4 Manufacturers Introducing Vision Guided Vehicles And Mobile Robots
                        3.8.5 Rapidly Growing E-Commerce Industry
                        3.8.6 Enhanced Safety At Workplaces
                    3.9 Market Restraint Analysis
                        3.9.1 High Initial Cost
                        3.9.2 Singular Use And Lack Of Flexibility
                    3.10 Market Opportunity Analysis
                        3.10.1 Manufacturers Providing Intelligent AGV
                    3.11 Industry Analysis - Porter’s Five Forces Analysis
                        3.11.1 Supplier Power
                        3.11.2 Buyer Power
                        3.11.3 Substitution Threat
                        3.11.4 Threat From New Entrant
                        3.11.5 Competitive Rivalry
                    3.12 AGV - PEST Analysis
                        3.12.1 Political Landscape
                        3.12.2 Economic Landscape
                        3.12.3 Social Landscape
                        3.12.4 Technology Landscape
                        3.12.5 Legal Landscape
                    3.13 Technology Overview
                        3.13.1 Technology Evolution
                        3.13.2 Wire Guidance
                        3.13.3 Magnetic Guidance
                        3.13.4 Laser Guidance (Laser Triangulation Navigation System)
                        3.13.5 Vision Guidance
                    3.14 Major Deals & Strategic Alliances Analysis
                        3.14.1 Mergers And Acquisitions
Chapter 4. AGV Market: Vehicle Type Estimates And Trend Analysis
                    4.1 AGV Market Share By Vehicle Type, 2023 & 2030
                        4.1.1 Tow Vehicle
                        4.1.2 Unit Load Carrier
                        4.1.3 Pallet Truck
                        4.1.4 Forklift Truck
                        4.1.5 Hybrid Vehicles
                        4.1.6 Others
Chapter 5. AGV Market: Navigation Technology Estimates & Trend Analysis
                    5.1 AGV Market Share By Navigation Technology, 2023 & 2030
                        5.1.1 Heat Map For Choosing Navigation
                        5.1.2 Laser Guidance
                        5.1.3 Magnetic Guidance
                        5.1.4 Vision Guidance
                        5.1.5 Inductive Guidance
                        5.1.6 Natural Navigation
                        5.1.7 Others
Chapter 6. AGV Market: Application Estimates & Trend Analysis
                    6.1 AGV Market Share By Application, 2023 & 2030
                        6.1.1 Logistics And Warehousing
                        6.1.2 Assembly
                        6.1.3 Packaging
                        6.1.4 Trailer Loading & Unloading
                        6.1.5 Raw Material Handling
                        6.1.6 Others
Chapter 7. AGV Market: End-Use Industry Estimates & Trend Analysis
                    7.1 AGV Market Share By End-Use Industry, 2023 & 2030
                        7.1.1 Manufacturing Sector
                        7.1.2 Wholesale And Distribution Sector
Chapter 8. AGV Market: Component Estimates & Trend Analysis
                    8.1 AGV Market Share By Component, 2023 & 2030
                        8.1.1 Hardware
                        8.1.2 Software
                        8.1.3 Service
Chapter 9. AGV Market: Battery Type Estimates & Trend Analysis
                    9.1 AGV Market Share By Battery Type, 2023 & 2030
                        9.1.1 Lead Battery
                        9.1.2 Lithium-Ion Battery
                        9.1.3 Nickel-Based Battery
                        9.1.4 Others
Chapter 10. AGV Market: Mode Of Operation Estimates & Trend Analysis
                    10.1 AGV Market Share By Mode Of Operation, 2023 & 2030
                        10.1.1 Indoor
                        10.1.2 Outdoor
Chapter 11. AGV Market: Regional Estimates And Trend Analysis
                    11.1 AGV Market Share By Region, 2023 & 2030
                        11.1.1 North America
                            11.1.1.1 U.S. AGV Market, 2017 - 2030
                            11.1.1.2 Canada AGV Market, 2017 - 2030
                        11.1.2 Europe
                            11.1.2.1 UK AGV Market, 2017 - 2030
                            11.1.2.2 Germany AGV Market, 2017 - 2030
                            11.1.2.3 France AGV Market, 2017 - 2030
                        11.1.3 APAC
                            11.1.3.1 China AGV Market, 2017 - 2030
                            11.1.3.2 Japan AGV Market, 2017 - 2030
                            11.1.3.3 India AGV Market, 2017 - 2030
                            11.1.3.4 Australia AGV Market, 2017 - 2030
                            11.1.3.5 South Korea AGV Market, 2017 - 2030
                        11.1.4 Latin America
                            11.1.4.1 Brazil AGV Market, 2017 - 2030
                            11.1.4.2 Mexico AGV Market, 2017 - 2030
                        11.1.5 MEA
                            11.1.5.1 Kingdom Of Saudi Arabia (KSA) AGV Market, 2017 - 2030
                            11.1.5.2 UAE AGV Market, 2017 - 2030
                            11.1.5.3 South Africa AGV Market, 2017 - 2030
Chapter 12. Competitive Landscape
                    12.1 Swisslog Holding AG
                        12.1.1 Company Overview
                        12.1.2 Financial Performance
                        12.1.3 Product Benchmarking
                        12.1.4 Recent Developments
                    12.2 Dematic
                        12.2.1 Company Overview
                        12.2.2 Financial Performance
                        12.2.3 Product Benchmarking
                        12.2.4 Recent Developments
                    12.3 Bastian Solutions, Inc.
                        12.3.1 Company Overview
                        12.3.2 Product Benchmarking
                        12.3.3 Recent Developments
                    12.4 Daifuku Co., Ltd.
                        12.4.1 Company Overview
                        12.4.2 Financial Performance
                        12.4.3 Product Benchmarking
                        12.4.4 Recent Developments
                    12.5 JBT
                        12.5.1 Company Overview
                        12.5.2 Financial Performance
                        12.5.3 Product Benchmarking
                        12.5.4 Recent Developments
                    12.6 Seegrid Corporation
                        12.6.1 Company Overview
                        12.6.2 Product Benchmarking
                        12.6.3 Recent Developments
                    12.7 TOYOTA INDUSTRIES CORPORATION
                        12.7.1 Company Overview
                        12.7.2 Financial Performance
                        12.7.3 Product Benchmarking
                        12.7.4 Recent Developments
                    12.8 Hyster-Yale Materials Handling, Inc.
                        12.8.1 Company Overview
                        12.8.2 Financial Performance
                        12.8.3 Product Benchmarking
                        12.8.4 Recent Developments
                    12.9 BALYO
                        12.9.1 Company Overview
                        12.9.2 Product Benchmarking
                        12.9.3 Recent Developments
                    12.10 E&K Automation Gmbh
                        12.10.1 Company Overview
                        12.10.2 Product Benchmarking
                        12.10.3 Recent Developments
                    12.11 Kollmorgen
                        12.11.1 Company Overview
                        12.11.2 Product Benchmarking
                        12.11.3 Recent Developments.
                    12.12 KMH Fleet Solutions
                        12.12.1 Company Overview
                        12.12.2 Product Benchmarking
                        12.12.3 Recent Developments
                    12.13 ELETTRIC80 S.P.A.
                        12.13.1 Company Overview
                        12.13.2 Product Benchmarking
                        12.13.3 Recent Developments
                    12.14 Fetch Robotics, Inc.
                        12.14.1 Company Overview
                        12.14.2 Product Benchmarking
                        12.14.3 Recent Developments
                    12.15 Invia Robotics, Inc.
                        12.15.1 Company Overview
                        12.15.2 Product Benchmarking
                        12.15.3 Recent Developments
                    12.16 Locus Robotics
                        12.16.1 Company Overview
                        12.16.2 Product Benchmarking
                        12.16.3 Recent Developments
                    12.17 Schaefer Systems International, Inc.
                        12.17.1 Company Overview
                        12.17.2 Product Benchmarking
                        12.17.3 Recent Developments
                    12.18 System Logistics Spa
                        12.18.1 Company Overview
                        12.18.2 Product Benchmarking
                        12.18.3 Recent Developments
                    12.19 Scott
                        12.19.1 Company Overview
                        12.19.2 Financial Performance
                        12.19.3 Product Benchmarking
                        12.19.4 Recent Developments


List of Tables

Table 1 AGV - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Global AGV market, 2017 - 2030 (USD Million)
Table 3 Global AGV market by region, 2017 - 2030 (USD Million)
Table 4 Global AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 5 Global AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 6 Global AGV market, by application, 2017 - 2030 (USD Million)
Table 7 Global AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 8 Global AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 9 Global AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 10 Global AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 11 Global AGV market, by component, 2017 - 2030 (USD Million)
Table 12 Global AGV market, by battery type, 2017 - 2030 (USD Million)
Table 13 Global AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 14 List of key vendors
Table 15 AGV - Key market driver impact
Table 16 AGV - Key market restraint impact
Table 17 AGV - Key market opportunity impact
Table 18 Global tow vehicle AGV market by region, 2017 - 2030 (USD Million)
Table 19 Global unit load carrier AGV market by region, 2017 - 2030 (USD Million)
Table 20 Global pallet truck AGV market by region, 2017 - 2030 (USD Million)
Table 21 Global forklift truck AGV market by region, 2017 - 2030 (USD Million)
Table 22 Global hybrid vehicles AGV market by region, 2017 - 2030 (USD Million)
Table 23 Global others AGV market by region, 2017 - 2030 (USD Million)
Table 24 Global laser guidance AGV market by region, 2017 - 2030 (USD Million)
Table 25 Global magnetic guidance AGV market by region, 2017 - 2030 (USD Million)
Table 26 Global vision guidance AGV market by region, 2017 - 2030 (USD Million)
Table 27 Global inductive guidance AGV market by region, 2017 - 2030 (USD Million)
Table 28 Global natural navigation AGV market by region, 2017 - 2030 (USD Million)
Table 29 Global others AGV market by region, 2017 - 2030 (USD Million)
Table 30 Global logistics and warehousing AGV market by region, 2017 - 2030 (USD Million)
Table 31 Global assembly AGV market by region, 2017 - 2030 (USD Million)
Table 32 Global packaging AGV market by region, 2017 - 2030 (USD Million)
Table 33 Global trailer loading & unloading AGV market by region, 2017 - 2030 (USD Million)
Table 34 Global raw material handling AGV market by region, 2017 - 2030 (USD Million)
Table 35 Global others AGV market by region, 2017 - 2030 (USD Million)
Table 36 Global manufacturing sector AGV market by region, 2017 - 2030 (USD Million)
Table 37 Global wholesale and distribution AGV market by region, 2017 - 2030 (USD Million)
Table 38 Global hardware AGV market by region, 2017 - 2030 (USD Million)
Table 39 Global software AGV market by region, 2017 - 2030 (USD Million)
Table 40 Global service AGV market by region, 2017 - 2030 (USD Million)
Table 41 Global lead battery AGV market by region, 2017 - 2030 (USD Million)
Table 42 Global lithium-ion battery AGV market by region, 2017 - 2030 (USD Million)
Table 43 Global nickel-based battery AGV market by region, 2017 - 2030 (USD Million)
Table 44 Global others AGV market by region, 2017 - 2030 (USD Million)
Table 45 Global indoor AGV market by region, 2017 - 2030 (USD Million)
Table 46 Global outdoor AGV market by region, 2017 - 2030 (USD Million)
Table 47 North America AGV market, 2017 - 2030 (USD Million)
Table 48 North America AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 49 North America AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 50 North America AGV market, by application, 2017 - 2030 (USD Million)
Table 51 North America AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 52 North America AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 53 North America AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 54 North America AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 55 North America AGV market, by component, 2017 - 2030 (USD Million)
Table 56 North America AGV market, by battery type, 2017 - 2030 (USD Million)
Table 57 North America AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 58 US AGV market, 2017 - 2030 (USD Million)
Table 59 US AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 60 US AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 61 US AGV market, by application, 2017 - 2030 (USD Million)
Table 62 US AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 63 US AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 64 US AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 65 US AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 66 US AGV market, by component, 2017 - 2030 (USD Million)
Table 67 US AGV market, by battery type, 2017 - 2030 (USD Million)
Table 68 US AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 69 Canada AGV market, 2017 - 2030 (USD Million)
Table 70 Canada AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 71 Canada AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 72 Canada AGV market, by application, 2017 - 2030 (USD Million)
Table 73 Canada AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 74 Canada AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 75 Canada AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 76 Canada AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 77 Canada AGV market, by component, 2017 - 2030 (USD Million)
Table 78 Canada AGV market, by battery type, 2017 - 2030 (USD Million)
Table 79 Canada AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 80 Europe AGV market, 2017 - 2030 (USD Million)
Table 81 Europe AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 82 Europe AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 83 Europe AGV market, by application, 2017 - 2030 (USD Million)
Table 84 Europe AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 85 Europe AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 86 Europe AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 87 Europe AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 88 Europe AGV market, by component, 2017 - 2030 (USD Million)
Table 89 Europe AGV market, by battery type, 2017 - 2030 (USD Million)
Table 90 Europe AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 91 UK AGV market, 2017 - 2030 (USD Million)
Table 92 UK AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 93 UK AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 94 UK AGV market, by application, 2017 - 2030 (USD Million)
Table 95 UK AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 96 UK AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 97 UK AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 98 UK AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 99 UK AGV market, by component, 2017 - 2030 (USD Million)
Table 100 UK AGV market, by battery type, 2017 - 2030 (USD Million)
Table 101 UK AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 102 Germany AGV market, 2017 - 2030 (USD Million)
Table 103 Germany AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 104 Germany AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 105 Germany AGV market, by application, 2017 - 2030 (USD Million)
Table 106 Germany AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 107 Germany AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 108 Germany AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 109 Germany AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 110 Germany AGV market, by component, 2017 - 2030 (USD Million)
Table 111 Germany AGV market, by battery type, 2017 - 2030 (USD Million)
Table 112 Germany AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 113 France AGV market, 2017 - 2030 (USD Million)
Table 114 France AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 115 France AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 116 France AGV market, by application, 2017 - 2030 (USD Million)
Table 117 France AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 118 France AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 119 France AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 120 France AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 121 France AGV market, by component, 2017 - 2030 (USD Million)
Table 122 France AGV market, by battery type, 2017 - 2030 (USD Million)
Table 123 France AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 124 Asia Pacific AGV market, 2017 - 2030 (USD Million)
Table 125 Asia Pacific AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 126 Asia Pacific AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 127 Asia Pacific AGV market, by application, 2017 - 2030 (USD Million)
Table 128 Asia Pacific AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 129 Asia Pacific AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 130 Asia Pacific AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 131 Asia Pacific AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 132 Asia Pacific AGV market, by component, 2017 - 2030 (USD Million)
Table 133 Asia Pacific AGV market, by battery type, 2017 - 2030 (USD Million)
Table 134 Asia Pacific AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 135 China AGV market, 2017 - 2030 (USD Million)
Table 136 China AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 137 China AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 138 China AGV market, by application, 2017 - 2030 (USD Million)
Table 139 China AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 140 China AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 141 China AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 142 China AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 143 China AGV market, by component, 2017 - 2030 (USD Million)
Table 144 China AGV market, by battery type, 2017 - 2030 (USD Million)
Table 145 China AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 146 Japan AGV market, 2017 - 2030 (USD Million)
Table 147 Japan AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 148 Japan AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 149 Japan AGV market, by application, 2017 - 2030 (USD Million)
Table 150 Japan AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 151 Japan AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 152 Japan AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 153 Japan AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 154 Japan AGV market, by component, 2017 - 2030 (USD Million)
Table 155 Japan AGV market, by battery type, 2017 - 2030 (USD Million)
Table 156 Japan AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 157 India AGV market, 2017 - 2030 (USD Million)
Table 158 India AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 159 India AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 160 India AGV market, by application, 2017 - 2030 (USD Million)
Table 161 India AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 162 India AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 163 India AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 164 India AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 165 India AGV market, by component, 2017 - 2030 (USD Million)
Table 166 India AGV market, by battery type, 2017 - 2030 (USD Million)
Table 167 India AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 168 Australia AGV market, 2017 - 2030 (USD Million)
Table 169 Australia AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 170 Australia AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 171 Australia AGV market, by application, 2017 - 2030 (USD Million)
Table 172 Australia AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 173 Australia AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 174 Australia AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 175 Australia AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 176 Australia AGV market, by component, 2017 - 2030 (USD Million)
Table 177 Australia AGV market, by battery type, 2017 - 2030 (USD Million)
Table 178 Australia AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 179 South Korea AGV market, 2017 - 2030 (USD Million)
Table 180 South Korea AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 181 South Korea AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 182 South Korea AGV market, by application, 2017 - 2030 (USD Million)
Table 183 South Korea AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 184 South Korea AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 185 South Korea AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 186 South Korea AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 187 South Korea AGV market, by component, 2017 - 2030 (USD Million)
Table 188 South Korea AGV market, by battery type, 2017 - 2030 (USD Million)
Table 189 South Korea AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 190 Latin America AGV market, 2017 - 2030 (USD Million)
Table 191 Latin America AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 192 Latin America AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 193 Latin America AGV market, by application, 2017 - 2030 (USD Million)
Table 194 Latin America AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 195 Latin America AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 196 Latin America AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 197 Latin America AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 198 Latin America AGV market, by component, 2017 - 2030 (USD Million)
Table 199 Latin America AGV market, by battery type, 2017 - 2030 (USD Million)
Table 200 Latin America AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 201 Brazil AGV market, 2017 - 2030 (USD Million)
Table 202 Brazil AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 203 Brazil AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 204 Brazil AGV market, by application, 2017 - 2030 (USD Million)
Table 205 Brazil AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 206 Brazil AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 207 Brazil AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 208 Brazil AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 209 Brazil AGV market, by component, 2017 - 2030 (USD Million)
Table 210 Brazil AGV market, by battery type, 2017 - 2030 (USD Million)
Table 211 Brazil AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 212 Mexico AGV market, 2017 - 2030 (USD Million)
Table 213 Mexico AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 214 Mexico AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 215 Mexico AGV market, by application, 2017 - 2030 (USD Million)
Table 216 Mexico AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 217 Mexico AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 218 Mexico AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 219 Mexico AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 220 Mexico AGV market, by component, 2017 - 2030 (USD Million)
Table 221 Mexico AGV market, by battery type, 2017 - 2030 (USD Million)
Table 222 Mexico AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 223 MEA AGV market, 2017 - 2030 (USD Million)
Table 224 MEA AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 225 MEA AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 226 MEA AGV market, by application, 2017 - 2030 (USD Million)
Table 227 MEA AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 228 MEA AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 229 MEA AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 230 MEA AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 231 MEA AGV market, by component, 2017 - 2030 (USD Million)
Table 232 MEA AGV market, by battery type, 2017 - 2030 (USD Million)
Table 233 MEA AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 234 Kingdom of Saudi Arabia (KSA) AGV market, 2017 - 2030 (USD Million)
Table 235 Kingdom of Saudi Arabia (KSA) AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 236 Kingdom of Saudi Arabia (KSA) AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 237 Kingdom of Saudi Arabia (KSA) AGV market, by application, 2017 - 2030 (USD Million)
Table 238 Kingdom of Saudi Arabia (KSA) AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 239 Kingdom of Saudi Arabia (KSA) AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 240 Kingdom of Saudi Arabia (KSA) AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 241 Kingdom of Saudi Arabia (KSA) AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 242 Kingdom of Saudi Arabia (KSA) AGV market, by component, 2017 - 2030 (USD Million)
Table 243 Kingdom of Saudi Arabia (KSA) AGV market, by battery type, 2017 - 2030 (USD Million)
Table 244 Kingdom of Saudi Arabia (KSA) AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 245 UAE AGV market, 2017 - 2030 (USD Million)
Table 246 UAE AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 247 UAE AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 248 UAE AGV market, by application, 2017 - 2030 (USD Million)
Table 249 UAE AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 250 UAE AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 251 UAE AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 252 UAE AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 253 UAE AGV market, by component, 2017 - 2030 (USD Million)
Table 254 UAE AGV market, by battery type, 2017 - 2030 (USD Million)
Table 255 UAE AGV market, by mode of operation, 2017 - 2030 (USD Million)
Table 256 South Africa AGV market, 2017 - 2030 (USD Million)
Table 257 South Africa AGV market, by vehicle type, 2017 - 2030 (USD Million)
Table 258 South Africa AGV market, by navigation technology, 2017 - 2030 (USD Million)
Table 259 South Africa AGV market, by application, 2017 - 2030 (USD Million)
Table 260 South Africa AGV application market, by logistics and warehousing, 2017 - 2030 (USD Million)
Table 261 South Africa AGV market, by end-use industry, 2017 - 2030 (USD Million)
Table 262 South Africa AGV end-use industry market, by manufacturing sector, 2017 - 2030 (USD Million)
Table 263 South Africa AGV end-use industry market, by wholesale and distribution sector, 2017 - 2030 (USD Million)
Table 264 South Africa AGV market, by component, 2017 - 2030 (USD Million)
Table 265 South Africa AGV market, by battery type, 2017 - 2030 (USD Million)
Table 266 South Africa AGV market, by mode of operation, 2017 - 2030 (USD Million)


List of Figures

Fig. 1 Research process
Fig. 2 Market formulation
Fig. 3 Market segmentation and scope
Fig. 4 AGV market, 2017 - 2030
Fig. 5 Key opportunity analysis
Fig. 6 Value chain analysis
Fig. 7 AGV market dynamics
Fig. 8 Industry analysis - Porter’s Five Forces Analysis
Fig. 9 AGV - PEST analysis
Fig. 10 Technology evolution
Fig. 11 Technology evolution - Wire Guidance
Fig. 12 Technology evolution - Magnetic guidance
Fig. 13 Technology evolution - Laser guidance
Fig. 14 Technology evolution - Vision Guidance
Fig. 15 AGV market share by vehicle type, 2023 & 2030
Fig. 16 AGV market share by navigation technology, 2023 & 2030
Fig. 17 AGV market share by application, 2023 & 2030
Fig. 18 AGV market share by end-use industry, 2023 & 2030
Fig. 19 AGV market share by component, 2023 & 2030
Fig. 20 AGV market share by battery type, 2023 & 2030
Fig. 21 AGV market share by mode of operation, 2023 & 2030
Fig. 22 AGV market share by region, 2023 & 2030
Fig. 23 North America marketplace: Key takeaways
Fig. 24 Europe marketplace: Key takeaways
Fig. 25 Asia Pacific marketplace: Key takeaways
Fig. 26 Latin America marketplace: Key takeaways
Fig. 27 MEA marketplace: Key takeaways

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Market Segmentation

  • Automated Guided Vehicle (AGV) Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)
    • Tow Vehicle
    • Unit Load Carrier
    • Pallet Truck
    • Forklift Truck
    • Hybrid Vehicles
    • Others
  • Automated Guided Vehicle (AGV) Navigation Technology Outlook (Revenue, USD Million, 2017 - 2030)
    • Laser Guidance
    • Magnetic Guidance
    • Vision Guidance
    • Inductive Guidance
    • Natural Navigation
    • Others
  • Automated Guided Vehicle (AGV) Application Outlook (Revenue, USD Million, 2017 - 2030)
    • Logistics and Warehousing
      • Transportation
      • Cold Storage
      • Wholesale & Distribution
      • Cross-docking
    • Assembly
    • Packaging
    • Trailer Loading and Unloading
    • Raw Material Handling
    • Others
  • Automated Guided Vehicle (AGV) End-Use Industry Outlook (Revenue, USD Million, 2017 - 2030)
    • Manufacturing Sector
      • Automotive
      • Aerospace
      • Electronics
      • Chemical
      • Pharmaceuticals
      • Plastics
      • Defense
      • FMCG
      • Tissue
      • Others
    • Wholesale and Distribution Sector
      • E-commerce
      • Retail Chains/Conveyance Stores
      • Grocery Stores
      • Hotels and Restaurants
  • Automated Guided Vehicle (AGV) Component Outlook (Revenue, USD Million, 2017 - 2030)
    • Hardware
    • Software
    • Service
  • Automated Guided Vehicle (AGV) Battery Type Outlook (Revenue, USD Million, 2017 - 2030)
    • Lead Battery 
    • Lithium-Ion Battery
    • Nickel-based Battery 
    • Others
  • Automated Guided Vehicle (AGV) Mode of Operation Outlook (Revenue, USD Million, 2017-2030)
    • Indoor
    • Outdoor
  • Automated Guided Vehicle (AGV) Regional Outlook (Revenue, USD Million,2017 - 2030)
    • North America
      • North America AGV Market, By Vehicle Type
        • Tow Vehicle
        • Unit Load Carrier
        • Pallet Truck
        • Forklift Truck
        • Hybrid Vehicles
        • Others
      • North America AGV Market, By Navigation Technology
        • Laser Guidance
        • Magnetic Guidance
        • Vision Guidance
        • Inductive Guidance
        • Natural Navigation
        • Others
      • North America AGV Market, By Application
        • Logistics and Warehousing
          • Transportation
          • Cold Storage
          • Wholesale & Distribution
          • Cross-docking
        • Assembly
        • Packaging
        • Trailer Loading and Unloading
        • Raw Material Handling
        • Others
      • North America AGV Market, By End-Use Industry
        • Manufacturing Sector
          • Automotive
          • Aerospace
          • Electronics
          • Chemical
          • Pharmaceuticals
          • Plastics
          • Defense
          • FMCG
          • Tissue
          • Others
        • Wholesale and Distribution Sector
          • E-commerce
          • Retail Chains/Conveyance Stores
          • Grocery Stores
          • Hotels and Restaurants
      • North America AGV Market, By Component
        • Hardware
        • Software
        • Service
      • North America AGV Market, By Battery Type
        • Lead Battery 
        • Lithium-Ion Battery
        • Nickel-based Battery 
        • Others
      • North America AGV Market, By Mode of Operation
        • Indoor 
        • Outdoor
      • U.S.
        • U.S. AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • U.S. AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • U.S. AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • U.S. AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • U.S. AGV Market, By Component
          • Hardware
          • Software
          • Service
        • U.S. AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • U.S. AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • Canada
        • Canada AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Canada AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Canada AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Canada AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Canada AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Canada AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Canada AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
    • Europe
      • Europe AGV Market, By Vehicle Type
        • Tow Vehicle
        • Unit Load Carrier
        • Pallet Truck
        • Forklift Truck
        • Hybrid Vehicles
        • Others
      • Europe AGV Market, By Navigation Technology
        • Laser Guidance
        • Magnetic Guidance
        • Vision Guidance
        • Inductive Guidance
        • Natural Navigation
        • Others
      • Europe AGV Market, By Application
        • Logistics and Warehousing
          • Transportation
          • Cold Storage
          • Wholesale & Distribution
          • Cross-docking
        • Assembly
        • Packaging
        • Trailer Loading and Unloading
        • Raw Material Handling
        • Others
      • Europe AGV Market, By End-Use Industry
        • Manufacturing Sector
          • Automotive
          • Aerospace
          • Electronics
          • Chemical
          • Pharmaceuticals
          • Plastics
          • Defense
          • FMCG
          • Tissue
          • Others
        • Wholesale and Distribution Sector
          • E-commerce
          • Retail Chains/Conveyance Stores
          • Grocery Stores
          • Hotels and Restaurants
      • Europe AGV Market, By Component
        • Hardware
        • Software
        • Service
      • Europe AGV Market, By Battery Type
        • Lead Battery 
        • Lithium-Ion Battery
        • Nickel-based Battery 
        • Others
      • Europe AGV Market, By Mode of Operation
        • Indoor 
        • Outdoor
      • Germany
        • Germany AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Germany AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Germany AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Germany AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Germany AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Germany AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Germany AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • U.K.
        • U.K. AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • U.K. AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • U.K. AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • U.K. AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • U.K. AGV Market, By Component
          • Hardware
          • Software
          • Service
        • U.K. AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • U.K. AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • France
        • France AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • France AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • France AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • France AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • France AGV Market, By Component
          • Hardware
          • Software
          • Service
        • France AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • France AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
    • Asia Pacific
      • Asia Pacific AGV Market, By Vehicle Type
        • Tow Vehicle
        • Unit Load Carrier
        • Pallet Truck
        • Forklift Truck
        • Hybrid Vehicles
        • Others
      • Asia Pacific AGV Market, By Navigation Technology
        • Laser Guidance
        • Magnetic Guidance
        • Vision Guidance
        • Inductive Guidance
        • Natural Navigation
        • Others
      • Asia Pacific AGV Market, By Application
        • Logistics and Warehousing
          • Transportation
          • Cold Storage
          • Wholesale & Distribution
          • Cross-docking
        • Assembly
        • Packaging
        • Trailer Loading and Unloading
        • Raw Material Handling
        • Others
      • Asia Pacific AGV Market, By End-Use Industry
        • Manufacturing Sector
          • Automotive
          • Aerospace
          • Electronics
          • Chemical
          • Pharmaceuticals
          • Plastics
          • Defense
          • FMCG
          • Tissue
          • Others
        • Wholesale and Distribution Sector
          • E-commerce
          • Retail Chains/Conveyance Stores
          • Grocery Stores
          • Hotels and Restaurants
      • Asia Pacific AGV Market, By Component
        • Hardware
        • Software
        • Service
      • Asia Pacific AGV Market, By Battery Type
        • Lead Battery 
        • Lithium-Ion Battery
        • Nickel-based Battery 
        • Others
      • Asia Pacific AGV Market, By Mode of Operation
        • Indoor 
        • Outdoor
      • China
        • China AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • China AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • China AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • China AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • China AGV Market, By Component
          • Hardware
          • Software
          • Service
        • China AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • China AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • Japan
        • Japan AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Japan AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Japan AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Japan AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Japan AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Japan AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Japan AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • India
        • India AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • India AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • India AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • India AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • India AGV Market, By Component
          • Hardware
          • Software
          • Service
        • India AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • India AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • Australia
        • Australia AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Australia AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Australia AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Australia AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Australia AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Australia AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Australia AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • South Korea
        • South Korea AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • South Korea AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • South Korea AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • South Korea AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • South Korea AGV Market, By Component
          • Hardware
          • Software
          • Service
        • South Korea AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • South Korea AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
    • Latin America
      • Latin America AGV Market, By Vehicle Type
        • Tow Vehicle
        • Unit Load Carrier
        • Pallet Truck
        • Forklift Truck
        • Hybrid Vehicles
        • Others
      • Latin America AGV Market, By Navigation Technology
        • Laser Guidance
        • Magnetic Guidance
        • Vision Guidance
        • Inductive Guidance
        • Natural Navigation
        • Others
      • Latin America AGV Market, By Application
        • Logistics and Warehousing
          • Transportation
          • Cold Storage
          • Wholesale & Distribution
          • Cross-docking
        • Assembly
        • Packaging
        • Trailer Loading and Unloading
        • Raw Material Handling
        • Others
      • Latin America AGV Market, By End-Use Industry
        • Manufacturing Sector
          • Automotive
          • Aerospace
          • Electronics
          • Chemical
          • Pharmaceuticals
          • Plastics
          • Defense
          • FMCG
          • Tissue
          • Others
        • Wholesale and Distribution Sector
          • E-commerce
          • Retail Chains/Conveyance Stores
          • Grocery Stores
          • Hotels and Restaurants
      • Latin America AGV Market, By Component
        • Hardware
        • Software
        • Service
      • Latin America AGV Market, By Battery Type
        • Lead Battery 
        • Lithium-Ion Battery
        • Nickel-based Battery 
        • Others
      • Latin America AGV Market, By Mode of Operation
        • Indoor 
        • Outdoor
      • Brazil
        • Brazil AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Brazil AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Brazil AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Brazil AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Brazil AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Brazil AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Brazil AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • Mexico
        • Mexico AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Mexico AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Mexico AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Mexico AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Mexico AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Mexico AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Mexico AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
    • Middle East and Africa (MEA)
      • Middle East and Africa AGV Market, By Vehicle Type
        • Tow Vehicle
        • Unit Load Carrier
        • Pallet Truck
        • Forklift Truck
        • Hybrid Vehicles
        • Others
      • Middle East and Africa AGV Market, By Navigation Technology
        • Laser Guidance
        • Magnetic Guidance
        • Vision Guidance
        • Inductive Guidance
        • Natural Navigation
        • Others
      • Middle East and Africa AGV Market, By Application
        • Logistics and Warehousing
          • Transportation
          • Cold Storage
          • Wholesale & Distribution
          • Cross-docking
        • Assembly
        • Packaging
        • Trailer Loading and Unloading
        • Raw Material Handling
        • Others
      • Middle East and Africa AGV Market, By End-Use Industry
        • Manufacturing Sector
          • Automotive
          • Aerospace
          • Electronics
          • Chemical
          • Pharmaceuticals
          • Plastics
          • Defense
          • FMCG
          • Tissue
          • Others
        • Wholesale and Distribution Sector
          • E-commerce
          • Retail Chains/Conveyance Stores
          • Grocery Stores
          • Hotels and Restaurants
      • Middle East and Africa AGV Market, By Component
        • Hardware
        • Software
        • Service
      • Middle East and Africa AGV Market, By Battery Type
        • Lead Battery 
        • Lithium-Ion Battery
        • Nickel-based Battery 
        • Others
      • Middle East and Africa AGV Market, By Mode of Operation
        • Indoor 
        • Outdoor
      • Kingdom of Saudi Arabia (KSA)
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • Kingdom of Saudi Arabia (KSA) AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Component
          • Hardware
          • Software
          • Service
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • Kingdom of Saudi Arabia (KSA) AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • UAE
        • UAE AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • UAE AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • UAE AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • UAE AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • UAE AGV Market, By Component
          • Hardware
          • Software
          • Service
        • UAE AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • UAE  AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor
      • South Africa
        • South Africa AGV Market, By Vehicle Type
          • Tow Vehicle
          • Unit Load Carrier
          • Pallet Truck
          • Forklift Truck
          • Hybrid Vehicles
          • Others
        • South Africa AGV Market, By Navigation Technology
          • Laser Guidance
          • Magnetic Guidance
          • Vision Guidance
          • Inductive Guidance
          • Natural Navigation
          • Others
        • South Africa AGV Market, By Application
          • Logistics and Warehousing
            • Transportation
            • Cold Storage
            • Wholesale & Distribution
            • Cross-docking
          • Assembly
          • Packaging
          • Trailer Loading and Unloading
          • Raw Material Handling
          • Others
        • South Africa AGV Market, By End-Use Industry
          • Manufacturing Sector
            • Automotive
            • Aerospace
            • Electronics
            • Chemical
            • Pharmaceuticals
            • Plastics
            • Defense
            • FMCG
            • Tissue
            • Others
          • Wholesale and Distribution Sector
            • E-commerce
            • Retail Chains/Conveyance Stores
            • Grocery Stores
            • Hotels and Restaurants
        • South Africa AGV Market, By Component
          • Hardware
          • Software
          • Service
        • South Africa AGV Market, By Battery Type
          • Lead Battery 
          • Lithium-Ion Battery
          • Nickel-based Battery 
          • Others
        • South Africa AGV Market, By Mode of Operation
          • Indoor 
          • Outdoor

Automated Guided Vehicle Market Dynamics

Increasing demand for automation and material handling equipment in various process industries

In a warehouse or manufacturing facility, material handling equipment is necessary for effective product movement, stock location, order preparation, and localization. As they upgrade existing facilities, implement cutting-edge manufacturing processes, and build new factories and warehouses in an effort to boost productivity and reduce labour costs, industrial companies throughout the world make investments in new automated storage, retrieval systems, and other material handling equipment. Furthermore, new market subsegments for automated guided vehicles (AGVs) have emerged as a result of the advancements in automation and artificial intelligence (AI). These subsegments are growing far faster than traditional ones and present significant challenges for original equipment manufacturers.

Logistics and transportation companies are also spending more on these products in order to meet the growing demand for their services and enhance the efficiency of their operations. Material handling and logistics are considered to be among the most important and quickly growing businesses in the United States, according to the Department of Commerce and the Bureau of Labour Statistics. In America, the annual cost of material handling and logistics systems and equipment is more than USD 156 billion. Throughout the forecast period, the growing need for material handling equipment is anticipated to propel market expansion.

Replacement of conventional batteries with lithium-ion batteries

Due to its higher energy density (about three times that of lead-acid batteries) and faster charging rates, lithium-ion batteries are becoming more and more popular in material handling equipment. They also have longer cycle lives. Because these batteries don't leak or produce any gases, they are ideal for automated guided vehicles (AGVs), which run continuously. Lithium-ion batteries are also significantly lighter and smaller than lead-acid batteries. The integration of AGVs and lithium-ion batteries can yield substantial improvements to any warehouse or conveyor system, with ongoing process improvements contributing to increased efficiency and cost savings. For example, the lithium-ion battery manufacturer Electrovaya demonstrated in March 2022 the benefits and long-lasting cycle of their UL-certified safety requirements. Utilizing EV-44 lithium-ion ceramic cells, the EV14S1P is a lithium battery that can power over a thousand autonomous giant vehicles. The lithium battery is longer lasting and safer for consumers thanks to its UL certification. In a 24/7 operation, changing out batteries during a shift is not necessary because lithium-ion batteries have longer runtimes and can be charged faster than conventional batteries.

Market Restraints

High initial cost

Modern AGV systems entail a substantial investment for any company. A single guided vehicle typically costs roughly USD 100,000, while the cost of a system involving several cars, navigational aids, communication gear, and safety systems can be multiplied several times. Applications for AGV have been limited to large enterprises and Small and Medium-sized Enterprises (SMEs) due to the costly initial expenditure. In the medium term, market expansion is hampered by the high starting cost. On the other hand, over time, this high initial cost results in a high Return on Investment (ROI). For example, during five years, employing five AGVs in three shifts saves USD 1.56 million. Moreover, the return on investment appears after just 16 months. AGVs have a cost which is the initial investment. However, they gradually improve an operation's bottom line by lowering labour expenses and increasing productivity. Compared to employing staff or utilising other tools, like forklifts, buying an AGV will probably cost more upfront, but over time, the savings are usually realised in full. Since smaller enterprises have more difficult access to finance, it may be more difficult for them to make this initial investment.

What Does This Report Include?

This section will provide insights into the contents included in this automated guided vehicle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Automated guided vehicle market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Automated guided vehicle market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the automated guided vehicle market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for automated guided vehicle market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of automated guided vehicle market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Automated Guided Vehicle Market Categorization:

The automated guided vehicle market was categorized into eight segments, namely vehicle (Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles), navigation (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Natural Navigation), application (Logistics and Warehousing, Assembly, Packaging, Trailer Loading and Unloading, Raw Material Handling), end-use (Manufacturing Sector, Wholesale and Distribution Sector), component (Hardware, Software, Service), battery type (Lead Battery, Lithium-Ion Battery, Nickel-based Battery), mode of operation (Indoor, Outdoor), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The automated guided vehicle market was segmented into vehicle, navigation, application, end-use, component, battery type, mode of pperation, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The automated guided vehicle market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into Fifteen countries, namely, the U.S.; Canada; Germany; the UK; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Kingdom of Saudi Arabia; UAE; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Automated guided vehicle market companies & financials:

The automated guided vehicle market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include: 

  • Swisslog Holding AG- Swisslog Holding AG functions as KUKA AG's subsidiary. The company creates, develops, and provides hospitals, warehouses, and distribution centres throughout the world with automation systems. The business is divided into two segments: warehouse & distribution solutions and healthcare & pharmaceutical solutions. The logistics automation solutions for processing, moving, and storing supplies and pharmaceuticals within and between healthcare & pharmaceutical facilities are provided by the healthcare & pharmaceutical solutions category. It provides solutions for process improvement, automated document and financial management, automation in the pharmacy, automation in nursing, and automation in material handling. Picking technologies, material handling, storage and retrieval, and other industry-specific solutions are provided by the warehousing & distribution solutions category. Automated Guided Vehicles are available in its distribution and warehouse region (AGV). The company also provides general contracting, software solutions, logistical equipment, lifetime support services, and consultancy services. The banking, beverage, e-commerce, multichannel, food, pharmaceutical, and retail sectors are the main industries this area services.

  • Egemin Automation Inc.- Egemin Automation Inc. develops and executes automated material handling systems for distribution centres, manufacturing facilities, and warehouses, the business, a KION Group subsidiary, provides AGV systems, including hybrid AGVs, unit loads, forklifts, clamps, and tuggers. AGV navigation, graphical monitoring systems, and warehouse management and control are also included. The company also provides project management, engineering, installation, commissioning, system planning, and lifecycle services. The distribution, logistics, food and beverage, pharmaceutical, manufacturing, paper and print, and tobacco industries are all served by its AGV systems. In 1958, the business changed its name from Electricite Generale pour la Marine et l'Industrie to Egemin Automation Inc. Kion Group AG is the parent company of Egemin Automation Inc. With offices throughout the Netherlands, France, Germany, the United Kingdom, the United States, and China, the corporation is based in Belgium.

  • Bastian Solutions, LLC- Bastian Solutions, LLC is a system integrator that looks for information and material handling equipment innovations combined with tried-and-true operating approaches. The organisation procures equipment from industrial suppliers, such as Swisslog Holding AG, SSI Schaefer, Knapp AG, Murata Machinery Ltd., Southworth Products Corp., Hytrol Conveyor Company, Inc., and others. Furthermore, Bastian Solutions, LLC displays several key brands, including ZiPline conveyor and Exacta warehousing software. It specialises in the design, consulting, project management, maintenance, and installation of material handling systems and industrial equipment and automation technologies. The company's inventory, which includes lift tables, conveyors, dock equipment, industrial racks, casters, ergonomics, trucks, dollies, storage, spare parts, and accessories, is sold online. AGV technology solutions are offered by Bastian Solutions to a range of industries, including food and beverage, pharmaceutical, and aerospace.

  • Daifuku Co., Ltd- Daifuku Co., Ltd. is a firm established in Japan that manufactures and sells equipment, vehicle washes, and material handling systems. The corporation is divided into several divisions, such as electronics, airport technology, lifestyle items, cleanroom production lines, vehicle production lines, and manufacturing and distribution systems. Through its automotive production line system, Daifuku Co., Ltd. provides AGVs. These AGVs operate around the clock, enabling just-in-time supply and continuous-flow manufacturing. With offices and production facilities spread over about 22 nations and regions, the corporation has operated globally.

  • Dematic - Dematic offers software and services to optimise the supply chain in addition to designing integrated automation technology. The company creates, develops, implements, and maintains automated logistics and material handling systems. Leading integrated software platforms, automation technologies, AGVs, storage and picking, palletizers, equipment, automated storage and retrieval systems, sorters, and conveyors are just a few of the products and solutions it offers. Dematic offers AGV to a number of industry verticals, including e-commerce, food & beverage, pharmaceuticals, and general merchandising, as part of its supply chain solutions. With more than 100 outlets across 22 countries, the company is well-known throughout the world. As of April 2014, it had 4,500 integrated systems installed worldwide and 1,200 clients.

  • JBT - John Bean Technologies Corporation (JBT) is a global supplier of technology solutions for the food processing and aviation industries' high-value segments. Its JBT FoodTech division provides automated nutrition system solutions, protein processing, and liquid food processing systems. JBT AeroTech offers both stationary and mobile aviation equipment and services. It provides AGV for material handling applications in the printing, manufacturing, food and beverage, automotive, and warehouse sectors.

  • Seegrid Corporation - Seegrid Corporation manufactures and markets Vision Guided Vehicles (VGVs) in North America and Europe for the materials handling sector, Among the products offered by the company are automated pallet trucks and tow tractors. Long hauls, staging/sorting, parts-to-line, put away, end-of-line, replenishment, kitting/picking, trash collection, and cross-docking/virtual locations are among the uses for its VGVs. Seegrid was established to apply this technological advancement to the problems facing the materials handling industry, including maximizing throughput and productivity, enhancing facility safety, and cutting labour and operating costs. The name Seegrid is a combination of "see" (vision-guided) and "grid" (using a 3D grid of the environment). The first VGV, an industrial truck with the ability to perceive and navigate its surroundings, was introduced by Seegrid in 2008. Among the companies that use Seegrid are 3M Car Care, Walgreens Co., Whirlpool Corporation, Kohler Co., and Volvo Car Corporation.

  • TOYOTA INDUSTRIES CORPORATION - Toyota Industries Corporation is a company that primarily produces and markets industrial vehicles, automobiles, textile machinery, and material handling and logistics equipment. There are four business segments within the corporation. The industrial vehicle category offers warehouse equipment, forklift trucks, automated warehouses, and high-place work vehicles; the automobile segment manufactures and markets engines, foundry components, compressors for automotive air conditioners, and electronic equipment. In addition to providing land transportation services, the logistics section also handles information management and collection and delivery fees. Spinning machines, yarn quality measurement equipment, weaving machines, and cotton grading equipment are all offered by the textile machinery category. Toyota Motor Sales U.S.A. Inc. is the parent company of Toyota Industries Corporation. Through its logistics segment, it offers AGV. The corporation operates a global sales network in addition to production facilities in North America, Europe, and Asia (China and India).

  • Hyster-Yale Materials Handling, Inc. - A variety of materials handling equipment is designed, engineered, produced, and sold by Hyster-Yale Materials Handling, Inc. Company’s products include the toughest freight handling technology, counterbalanced lift trucks, narrow aisle warehouse trucks and a variety of indoor and outdoor lift trucks with internal combustion engines and electric motors. South America, Eastern Europe, Asia-Pacific, and China are its main end-user regions. In January 2016, Hyster-Yale Group, Inc. changed its name from NACCO Materials Handling Group, Inc. to Hyster-Yale Group, Inc. The United States, Mexico, India, China, Australia, Brazil, Italy, Japan, the Philippines, the Netherlands, Northern Ireland, and Vietnam are the countries where its manufacturing plants are located. Hyster-Yale Materials Handling, Inc.'s operating subsidiary is called Hyster-Yale Group, Inc.

  • BALYO - Using ordinary vehicles as a basis, BALYO specialises in the design, engineering, and production of autonomous driving forklifts. The business creates autonomous, intelligent robots that can help human operators out of standard forklift trucks. It is possible to steer the Balyo model without the use of ground lines or reflectors. The organisation provides solutions to numerous industrial firms in France and abroad, including those in North America.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Automated Guided Vehicle Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2017 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Automated Guided Vehicle Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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