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Automated Guided Vehicles (AGVs) Market

Publisher Evolve Business Intelligence
Published Apr 14, 2025
SKU # EVBI19932260

Description

The Automated Guided Vehicles (AGVs) Market Size is projected to reach USD 14.57 Billion by 2033, growing from USD 2.41 Billion in 2023 at a compound annual growth rate (CAGR) of 13.78% from 2023 to 2033. This market focuses on the development, manufacturing, and deployment of AGVs—self-guided transport systems primarily used in industrial settings for material handling and logistics operations. These vehicles leverage various navigation technologies such as laser, magnetic, optical, or GPS to transport goods within warehouses, factories, and distribution centers. The market's growth is driven by increasing automation in industries, the need for efficient and safe material handling solutions, and the growing adoption of Industry 4.0 practices. Key segments in this market include unit load carriers, tow vehicles, pallet trucks, and assembly line vehicles.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks)
By Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Other)
By Application (Transportation, Distribution, Storage, Assembly, Packaging, Waste Handling)
By End-User (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, Others)

Key players

BALYO
Daifuku Co., Ltd.
E&K Automation
InVia Robotics, Inc.
Oceaneering International, Inc.
Seegrid Corporation
SSI schaefer
KUKA
JBT
Toyota Material Handling

Table of Contents

CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Type Segement – Market Opportunity Score
4.1.2. Navigation Technology Segment – Market Opportunity Score
4.1.3. Application Segment – Market Opportunity Score
4.1.4. End-User Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Type
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on Automated Guided Vehicles (AGVs) Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global Automated Guided Vehicles (AGVs) Market, By Type
7.1. Introduction
7.1.1. Tow vehicles
7.1.2. Unit load carriers
7.1.3. allet trucks
7.1.4. Assembly line vehicles
7.1.5. Forklift Trucks
CHAPTER 8. Global Automated Guided Vehicles (AGVs) Market, By Navigation Technology
8.1. Introduction
8.1.1. Laser guidance
8.1.2. Magnetic guidance
8.1.3. Inductive guidance
8.1.4. Optical tape guidance
8.1.5. Other
CHAPTER 9. Global Automated Guided Vehicles (AGVs) Market, By Application
9.1. Introduction
9.1.1. Transportation
9.1.2. Distribution
9.1.3. Storage
9.1.4. Assembly
9.1.5. Packaging
9.1.6. Waste handling
CHAPTER 10. Global Automated Guided Vehicles (AGVs) Market, By End-User
10.1. Introduction
10.1.1. Automotive
10.1.2. Manufacturing
10.1.3. Food & beverages
10.1.4. Aerospace
10.1.5. Healthcare
10.1.6. Logistics
10.1.7. Retail
10.1.8. others
CHAPTER 11. Global Automated Guided Vehicles (AGVs) Market, By Region
11.1. Introduction
11.2. NORTH AMERICA
11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.2.2. North America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.2.3. North America: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.2.4. North America: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.2.5. North America: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.2.6. US
11.2.6.1. US: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.2.6.2. US: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.2.6.3. US: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.2.6.4. US: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.2.7. CANADA
11.2.7.1. Canada: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.2.7.2. Canada: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.2.7.3. Canada: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.2.7.4. Canada: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.2.8. MEXICO
11.2.8.1. Mexico: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.2.8.2. Mexico: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.2.8.3. Mexico: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.2.8.4. Mexico: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3. Europe
11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.3.2. Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.3. Europe: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.4. Europe: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.5. Europe: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.6. U.K.
11.3.6.1. U.K.: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.6.2. U.K.: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.6.3. U.K.: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.6.4. U.K.: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.7. GERMANY
11.3.7.1. Germany: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.7.2. Germany: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.7.3. Germany: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.7.4. Germany: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.8. FRANCE
11.3.8.1. France: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.8.2. France: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.8.3. France: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.8.4. France: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.9. ITALY
11.3.9.1. Italy: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.9.2. Italy: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.9.3. Italy: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.9.4. Italy: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.10. SPAIN
11.3.10.1. Spain: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.10.2. Spain: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.10.3. Spain: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.10.4. Spain: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.11. BENELUX
11.3.11.1. BeNeLux: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.11.2. BeNeLux: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.11.3. BeNeLux: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.11.4. BeNeLux: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.12. RUSSIA
11.3.12.1. Russia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.12.2. Russia: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.12.3. Russia: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.12.4. Russia: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.3.13. REST OF EUROPE
11.3.13.1. Rest of Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.3.13.2. Rest of Europe: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.3.13.3. Rest of Europe: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.3.13.4. Rest of Europe: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4. Asia Pacific
11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.4.2. Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.3. Asia Pacific: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.4. Asia Pacific: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.5. Asia Pacific: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.6. CHINA
11.4.6.1. China: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.6.2. China: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.6.3. China: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.6.4. China: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.7. JAPAN
11.4.7.1. Japan: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.7.2. Japan: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.7.3. Japan: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.7.4. Japan: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.8. INDIA
11.4.8.1. India: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.8.2. India: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.8.3. India: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.8.4. India: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.9. SOUTH KOREA
11.4.9.1. South Korea: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.9.2. South Korea: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.9.3. South Korea: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.9.4. South Korea: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.10. THAILAND
11.4.10.1. Thailand: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.10.2. Thailand: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.10.3. Thailand: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.10.4. Thailand: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.11. INDONESIA
11.4.11.1. Indonesia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.11.2. Indonesia: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.11.3. Indonesia: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.11.4. Indonesia: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.12. MALAYSIA
11.4.12.1. Malaysia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.12.2. Malaysia: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.12.3. Malaysia: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.12.4. Malaysia: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.13. AUSTRALIA
11.4.13.1. Australia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.13.2. Australia: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.13.3. Australia: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.13.4. Australia: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.4.14. REST FO ASIA PACIFIC
11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.5. South America
11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.5.2. South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.5.3. South America: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.5.4. South America: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.5.5. South America: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.5.6. BRAZIL
11.5.6.1. Brazil: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.5.6.2. Brazil: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.5.6.3. Brazil: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.5.6.4. Brazil: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.5.7. ARGENTINA
11.5.7.1. Argentina: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.5.7.2. Argentina: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.5.7.3. Argentina: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.5.7.4. Argentina: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.5.8. REST OF SOUTH AMERICA
11.5.8.1. Rest of South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.5.8.2. Rest of South America: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.5.8.3. Rest of South America: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.5.8.4. Rest of South America: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6. Middle East & Africa
11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.6.2. Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.3. Middle East & Africa: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.4. Middle East & Africa: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.5. Middle East & Africa: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6.6. SAUDI ARABIA
11.6.6.1. Saudi Arabia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.6.2. Saudi Arabia: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.6.3. Saudi Arabia: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.6.4. Saudi Arabia: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6.7. UAE
11.6.7.1. UAE: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.7.2. UAE: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.7.3. UAE: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.7.4. UAE: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6.8. EGYPT
11.6.8.1. Egypt: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.8.2. Egypt: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.8.3. Egypt: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.8.4. Egypt: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6.9. SOUTH AFRICA
11.6.9.1. South Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.9.2. South Africa: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.9.3. South Africa: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.9.4. South Africa: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
11.6.10. REST OF MIDDLE EAST & AFRICA
11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Navigation Technology, 2023 – 2033 ($ Million)
11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Application, 2023 – 2033 ($ Million)
11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By End-User, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. BALYO
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. Daifuku Co., Ltd.
13.3. E&K Automation
13.4. InVia Robotics, Inc.
13.5. Oceaneering International, Inc.
13.6. Seegrid Corporation
13.7. SSI schaefer
13.8. KUKA
13.9. JBT
13.10. Toyota Material Handling

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