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Automated Guided Vehicles Market Size, Share, Trends and Forecast by Type, Mode of Operation, Navigation Technology, Application, Industry, and Region, 2025-2033

Publisher IMARC Services Pvt. Ltd.
Published May 01, 2025
Length 146 Pages
SKU # IMRC20011166

Description

The global automated guided vehicles market size was valued at USD 4.76 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 14.05 Billion by 2033, exhibiting a CAGR of 12.15% during 2025-2033. Europe currently dominates the market, holding a significant market share of over 34.1% in 2024. The market is driven by the advanced industrial automation and strong manufacturing base. Besides this, automated guided vehicles market share is influenced by high labor costs and stringent safety regulations.

Automated guided vehicles (AGV) refer to self-guided material handling systems or load carriers that help move and carry products autonomously across distribution centers, warehouses, or manufacturing facilities. They operate by following adjustable guidelines with the help of installed sensors and help optimize transportation while picking and storing items. They are generally installed and programmed to move pallets, carts, and trays between different manufacturing and warehousing facilities, thereby enhancing the overall efficiency, which results in increased output. AGVs provide several benefits, such as lowering labor costs and product damage, improving productivity, and supporting automated processes, due to which they are widely utilized by transportation and logistics companies across the globe.

Automated Guided Vehicles Market Trends:

The market is primarily driven by the rising demand for automated warehouse solutions due to the flourishing e-commerce platforms. The demand for AGVs is further supported by the escalating need for high efficiency in material handling processes across different industries, such as automotive, healthcare, and food and beverages (F&B). Besides this, the increasing awareness regarding worker safety and the widespread preference for laser guided AGVs for achieving greater precision and flexibility are positively impacting the market. Significant investments in industrial automation projects are also acting as another major growth-inducing factor for the market. Moreover, AGVs are widely deployed for numerous Industry 4.0 solutions as their usage is often complementary with RFID tags and 5G networks, which, in turn, is facilitating their adoption. Furthermore, rapid industrialization, continual product innovations, augmenting demand for effectively managing plant assets, and extensive research and development (R&D) activities are some of the other factors that are providing a considerable boost to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automated guided vehicles market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, mode of operation, navigation technology, application, and industry.

Breakup by Type:
  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Trucks
Breakup by Mode of Operation:
  • Indoor
  • Outdoor
Breakup by Navigation Technology:
  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Vision Guidance
  • Others
Breakup by Application:
  • Transportation
  • Distribution
  • Storage
  • Assembly
  • Packaging
  • Waste Handling
Breakup by Industry:
  • Automotive
  • Manufacturing
  • Food and Beverages
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Others
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc. and Simplex Robotics Pvt. Ltd.

Key Questions Answered in This Report

1.How big is the automated guided vehicles market?

2.What is the future outlook of automated guided vehicles market?

3.What are the key factors driving the automated guided vehicles market?

4.Which region accounts for the largest automated guided vehicles market share?

5.Which are the leading companies in the global automated guided vehicles market?

Table of Contents

146 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automated Guided Vehicles Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Tow Vehicles
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Unit Load Carriers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Pallet Trucks
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Assembly Line Vehicles
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Forklift Trucks
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Mode of Operation
7.1 Indoor
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Outdoor
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Navigation Technology
8.1 Laser Guidance
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Magnetic Guidance
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Inductive Guidance
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Optical Tape Guidance
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Vision Guidance
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Application
9.1 Transportation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Distribution
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Storage
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Assembly
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Packaging
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Waste Handling
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Industry
10.1 Automotive
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Manufacturing
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Food and Beverages
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Aerospace
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Healthcare
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Logistics
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Retail
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bastian Solutions LLC (Toyota Industries Corporation)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Daifuku Co. Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 Ek Robotics Gmbh
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 IKV Robot Nanchang Co. Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 John Bean Technologies Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Jungheinrich AG
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Kion Group AG
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 KUKA Aktiengesellschaft
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Murata Machinery Ltd.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Schaefer Systems International Pvt Ltd.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Scott Systems International Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.12 Simplex Robotics Pvt. Ltd.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio

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