Global Automated Guided Vehicle Market - 2019-2026

Global Automated Guided Vehicle Market - 2019-2026

Market Overview
The global automated guided vehicle market expected to reach $XX billion by 2026, at a CAGR of over 14% during the forecast period. Mainly due to factors such as significant rise in E-commerce industry and rise in deployment of AGV repetitive material handling tasks in warehouse as they can carry out material handling operations reliably and effectively.
An automated guided vehicle or automatic guided vehicle (AGV) is a portable robot that follows along marked long lines or wires on the floor, or uses radio waves, vision cameras, magnets, or lasers for navigation. They are most often used in industrial applications to transport heavy materials around a large industrial building, such as a factory or warehouse. Automated guided vehicles are programmed to ensure security & safety and come installed with cameras, lasers and other sensors that allow them to safely operate within the industry, plant or company. Increased safety leads to reduced cost and operational downtime, which, in turn, increases the productivity of many operations. Therefore, factors like these will further boost growth in the global AGV market over the forecast period.
The report covers all the major trends and drivers playing a vital role in the growth of the global automated guided vehicle market. The global automated guided vehicle market has been segmented based on region, type, navigation technology, industry, and application.
Market Dynamics
The global Automated Guided Vehicle market growth is primarily driven by rising e-commerce industry and growing adoption of automation in warehouses for efficient and smooth operations. The use of Automated Guided Vehicle helps the manufacturers to achieve enhanced quality and reliability in warehouse operations.
Moreover, factors such as shortage of skilled workforce and high labor costs also drive the adoption of AGV across various industries worldwide. Several organizations have implemented automated guided vehicle solutions to reduce their labor costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented, it offers high productivity, efficiency, and profits.
Market Segment Analysis
By Type, the global automated guided vehicle market is segmented into Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, and others. In 2018, tow vehicles accounted for the majority share in the global AGV market. Towing applications can involve the bulk movement of product into and out of warehouse areas or direct service to a manufacturing/assembly operation. Usually side path spurs are placed in receiving or shipping areas so that trains can be loaded or unloaded off the main line and thereby not hinder the movement of other trains on the main path. However, unit load carrier segment is anticipated to expand at the highest CAGR over the forecast period.
By End-user industry, the global automated guided vehicle market is segmented into automotive, manufacturing, food and beverages, healthcare, aerospace, retail, and others. In 2018, automotive segment accounted for the majority share in the global AGV market. However, retail segment was the fastest growing industry, growing at a CAGR of more than 16.0% from 2019 to 2026. For instance, Amazon.com uses small, Roomba-shaped robots simply called “drives” mostly to deliver large stacks of products to human workers, by following set paths around the warehouse. Moreover, the use of AI in manufacturing supply chain, machine vision, tracks operations, performance, and improve overall productivity will positively impact the automated guided vehicle market during the forecast period. In addition, Industry 4.0 enables real time networking of industrial processes which will make production faster, more flexible, cheaper, and more efficient in automated guided vehicle market.
Regional Analysis
By geography, the global automated guided vehicle Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, North America and Asia-Pacific together accounted for more than 3/5th market share in the global automated guided vehicle market. The broad market share of the Asia-Pacific region can be attributed to the high growth in the consumer retail and automotive industries in countries like China, Japan, Republic of Korea, and India. China has been the biggest robot market in the world with continued dynamic growth. Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which can be best achieved by the implementation of AGVs. The AGV market is witnessing rapid growth in countries such as China and Japan owing to increasing investments by manufacturers and suppliers in the installation of these vehicles at warehouses and distribution centers.
In North America, growing warehouse automation; emerging applications, such as augmented and virtual reality and IoT; and need of new technologies and innovations to produce higher quality products at faster speeds with lower costs will further drive the market during the forecast period.
Competitive Analysis
Global Automated Guided Vehicle Market is moderately fragmented with the presence of global and regional players in the market. The market players in the automated guided vehicle market are focusing on expanding through strategic interventions, such as acquisitions, collaborations, expansion and launching advanced products in the automated guided vehicle market.
Some major players in the market are Daifuku, JBT Corporation, KION Group, KUKA, Toyota Industries, Hyster-Yale Materials Handling, E&K Automation, Kollmorgen, Seegrid Corporation, and SSI Schaefer, Egemin Automation, Inc., Bastian Solutions, Elettric80 SpA, Fetch Robotics, Inc, inVia Robotics, Inc, Locus Robotics, System Logistics Spa, Transbotics Corporation, and among others.
In 2018, Nidec-Shimpo has launched new versions of its automated guided vehicle, the S-Cart. The new model to be launched by Nidec-Shimpo is based on the company’s guideless navigation AGV “S-Cart” – the 100 kg payload version – that hit the market in 2016, and has been updated with a function that lets it track and follow a person or object.
In October, 2016, Daifuku Co., Ltd. collaborated with Riverford Organic Farmers Ltd. for the transportation of picked goods between different zones using intelligent software of AGV.
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• Highlights of the competitive landscape

Target Audience
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**The global automated guided vehicle market report would provide access to an approx., 69 market data table, 74 figures, and 212 pages.


1. Global Automated Guided Vehicle Market Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Repor
2. Global Automated Guided Vehicle Market – Market Definition and Overview
3. Global Automated Guided Vehicle Market – Executive Summary
3.1 Market Snippet by Typ
3.2 Markey Snippet by Navigation Technolog
3.3 Market Snippet by Applicatio
3.4 Market Snippet by Regio
4 Global Automated Guided Vehicle Market – Market Dynamics
4.1 Market Impacting Factor
4.1.1 Driver
4.1.1.1 Rising Popularity of E-Commerce
4.1.2 Restraint
4.1.2.1 High initial investmen
4.1.3 Opportunity Analysi
4.1.4 Impact Analysi
5 Global Automated Guided Vehicle Market – Industry Analysis
5.1 Porter's Five Forces Analysis
5.2 Supply Chain Analysi
6 Global Automated Guided Vehicle Market – By Type
6.1 Introductionn
6.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
6.1.2 Market Attractiveness Index, By Typ
6.2 Tow Vehicles
6.2.1 Introduction
6.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%
6.3 Unit Load Carrier
6.4 Pallet Truck
6.5 Assembly Line Vehicle
6.6 Forklift Truck
6.7 Other
7 Global Automated Guided Vehicle Market – By Navigation Technology
7.1 Introductionn
7.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
7.1.2 Market Attractiveness Index, By Navigation Technolog
7.2 Laser Guidance
7.2.1 Introduction
7.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%
7.3 Magnetic Guidanc
7.4 Inductive Guidanc
7.5 Optical Tape Guidanc
7.6 Vision Guidanc
7.7 Other
8 Global Automated Guided Vehicle Market – By Application
8.1 Introductionn
8.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
8.1.2 Market Attractiveness Index, By Applicatio
8.2 Logistics and Warehousing
8.2.1 Introduction
8.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%
8.3 Packagin
8.4 Assembl
8.5 Raw Material Handlin
8.6 Other
9 Global Automated Guided Vehicle Market – By Industry
9.1 Introductionn
9.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industr
9.1.2 Market Attractiveness Index, By Industr
9.2 Automotive
9.2.1 Introduction
9.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%
9.3 Manufacturin
9.4 Food and beverage
9.5 Healthcar
9.6 Aerospac
9.7 Retai
9.8 Others
10 Global Automated Guided Vehicle Market – By Region
10.1 Introductionn
10.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Regio
10.1.2 Market Attractiveness Index, By Regio
10.2 North Americ
10.2.1 Introduction
10.2.2 Key Region-Specific Dynamic
10.2.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
10.2.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
10.2.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
10.2.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industr
10.2.7 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countr
10.2.7.1 The U.S
10.2.7.2 Canad
10.2.7.3 Mexic
10.3 Europ
10.3.1 Introduction
10.3.2 Key Region-Specific Dynamic
10.3.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
10.3.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
10.3.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
10.3.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industr
10.3.7 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countr
10.3.7.1 German
10.3.7.2 The U.K
10.3.7.3 Franc
10.3.7.4 Ital
10.3.7.5 Spai
10.3.7.6 Russi
10.3.7.7 Rest of Europ
10.4 South Americ
10.4.1 Introduction
10.4.2 Key Region-Specific Dynamic
10.4.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
10.4.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
10.4.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
10.4.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industr
10.4.7 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countr
10.4.7.1 Brazi
10.4.7.2 Argentin
10.4.7.3 Chil
10.4.7.4 Colombi
10.4.7.5 Rest of South Americ
10.5 Asia Pacifi
10.5.1 Introduction
10.5.2 Key Region-Specific Dynamic
10.5.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
10.5.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
10.5.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
10.5.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industr
10.5.7 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countr
10.5.7.1 Chin
10.5.7.2 Japa
10.5.7.3 South Kore
10.5.7.4 Indi
10.5.7.5 Indonesi
10.5.7.6 Australi
10.5.7.7 Rest of Asia Pacifi
10.6 The Middle East and Afric
10.6.1 Introduction
10.6.2 Key Region-Specific Dynamic
10.6.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Typ
10.6.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Navigation Technolog
10.6.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applicatio
10.6.6 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry
11 Global Automated Guided Vehicle Market – Competitive Landscape
11.1.1 Competitive Scenari
11.1.2 Market Positioning/Share Analysi
11.1.3 Mergers and Acquisitions Analysis
12 Company Profiles
12.1 Daifuku
12.1.1 Company Overvie
12.1.2 Product Portfolio and Descriptio
12.1.3 Key Highlight
12.1.4 Financial Overvie
12.2 JBT Corporatio
12.3 KION Grou
12.4 KUK
12.5 Toyota Industries,
12.6 Hyster-Yale Materials Handlin
12.7 E&K Automatio
12.8 Kollmorge
12.9 Seegrid Corporatio
12.10 Egemin Automation, Inc
12.11 Bastian Solution
12.12 Elettric80 Sp
12.13 Fetch Robotics, In
12.14 inVia Robotics, In
12.15 Locus Robotic
12.16 System Logistics Sp
**List not exhaustive
13 Global Automated Guided Vehicle Market – Premium Insights
14 Global Automated Guided Vehicle Market – DataM
14.1 Appendi
14.2 About Us and Service
14.3 Contact U

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