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Automated Guided Vehicle Market by Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Battery Type (Lead, Nickel, Lithium Ion), Application, Navigation Technology, Industry, & Geography - Global Forecast to 2023

Automated Guided Vehicle Market by Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Battery Type (Lead, Nickel, Lithium Ion), Application, Navigation Technology, Industry, & Geography - Global Forecast to 2023

“Automated guided vehicle (AGV) market is estimated to grow at a CAGR of 8.02% from 2018 to 2023”
The AGV market is expected to grow from USD 1.86 billion in 2018 to USD 2.74 billion by 2023, at a CAGR of 8.02% from 2018 to 2023. The overall market growth is driven by the factors such as rising demand for automation in material handling across industries, emerging e-commerce industry, growing requirement for workplace safety standards, increasing productivity owing to improved supply chain processes. However, high installation, maintenance, and switching costs and the initial price complexity of AGVs might restrain the growth of the AGV market.

“Laser guidance navigation technology accounted for the largest market size in 2017”
AGVs based on laser guidance navigation technology accounted for the largest market size in 2017. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It has reflectors mounted on walls, along with the vehicle’s route. A rotating laser scanner mounted on the vehicle sends laser beams and detects its reflections, gathering information on distance and angle, which gets stored in the vehicle memory. The AGV can analyze its position based on this information.

“AGV market in APAC to grow at the highest CAGR during the forecast period”
The AGV market in APAC is expected to grow at the highest CAGR during the forecast period. APAC registered the highest CAGR owing to the fast-growing e-commerce industry, booming manufacturing sector, and increasing installations of AGVs by emerging economies such as China and India. Moreover, governments in APAC countries are increasingly emphasizing on establishing safety and security standards on production floors, which can be best achieved by the implementation of AGVs. In countries such as China and Japan, the AGV market is witnessing rapid growth owing to increasing investments by manufacturers and suppliers in AGVstowward the deployment of AGVs at warehouses and distribution centers.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players. The breakup of the profile of primaries has been given below:
• By Company Type: Tier 1 - 25%, Tier 2 - 35%, and Tier 3 - 40%
• By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%
• By Region: North America - 43%, Europe - 29%, APAC - 14%, and RoW - 14%

Companies that provide a range of customized solutions are expected to emerge as the game changers in this market.

The key players in the AGV market profiled in the report are as follows:
1. Daifuku (Japan)
2. JBT Corporation (US)
3. KION Group (Germany)
4. KUKA (Germany)
5. Toyota Industrial (Japan)
6. Hyster-Yale Materials Handling (US)
7. Kollmorgen (US)
8. EK Automation (Germany)
9. Seegrid Corporation (US)
10. SSI Schaefer (Germany)

Research Coverage:
In this report, segments such as type, navigation technology, application, battery type, industry, and geography have been covered. The report also discusses drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW. The value chain analysis has also been included in the report.

Reasons to Buy the Report:
• This report includes statistics pertaining to the AGV market, by type, navigation technology, application, battery type, industry, and geography, along with the market size of each subsegment.
• Major drivers, restraints, opportunities, and challenges for the market have been provided in detail in this report.
• This report would help stakeholders to understand their competitors better and gain more insights to enhance their company’s position in the market. The competitive landscape section includes competitor ecosystem and recent development strategies adopted by key players in the market, such as product launches and developments, partnerships, and mergers and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF STUDY
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • PACKAGE SIZE
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY & PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • MAJOR OPPORTUNITIES IN AUTOMATED GUIDED VEHICLE (AGV) MARKET
    • AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
    • AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
    • AUTOMATED GUIDED VEHICLE MARKET IN APAC
    • AUTOMATED GUIDED VEHICLE MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS: AUTOMATED GUIDED VEHICLE (AGV) MARKET
      • DRIVERS
        • Table E-COMMERCE INDUSTRY EXPECTED TO WITNESS SIGNIFICANT GROWTH (IN TERMS OF NUMBER OF ONLINE BUYERS)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • VALUE CHAIN ANALYSIS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • MERGERS & ACQUISITIONS IN AUTOMATED GUIDED VEHICLE (AGV) MARKET
      • TOYOTA INDUSTRIES ACQUIRED VANDERLANDE INDUSTRIES AND BASTIAN SOLUTIONS TO STRENGTHEN ITS POSITION IN AUTOMATED MATERIAL HANDLING MARKET IN 2017
      • KION GROUP BECAME A GLOBAL LEADER IN INTRALOGISTICS AND AUTOMATED MATERIAL HANDLING MARKET WITH THREE ACQUISITIONS
    • FACTORS INFLUENCING THE PRICE OF AUTOMATED GUIDED VEHICLES (AGVS)
    • KEY TRENDS
      • INDUSTRY 4.0 (FOURTH INDUSTRIAL REVOLUTION):
      • IMPLEMENTATION OF 5G IN AGVS:
    • SAFETY STANDARDS
  • AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2015–2023 (USD MILLION)
    • UNIT LOAD CARRIER
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR UNIT LOAD CARRIER, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR UNIT LOAD CARRIER, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR UNIT LOAD CARRIER, BY REGION, 2015–2023 (USD MILLION)
    • FORKLIFT TRUCK
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR FORKLIFT TRUCK, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR FORKLIFT TRUCK, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR FORKLIFT TRUCK, BY REGION, 2015–2023 (USD MILLION)
    • TOW VEHICLE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR TOW VEHICLE, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR TOW VEHICLE, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR TOW VEHICLE, BY REGION, 2015–2023 (USD MILLION)
    • PALLET TRUCK
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR PALLET TRUCK, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR PALLET TRUCKS, BY REGION, 2015–2023 (USD MILLION)
    • ASSEMBLY LINE VEHICLE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR ASSEMBLY LINE VEHICLE, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR ASSEMBLY LINE VEHICLE, BY REGION, 2015–2023 (USD MILLION)
    • OTHERS
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHER TYPES, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY REGION, 2015–2023 (USD MILLION)
  • AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2015–2023 (USD MILLION)
    • LASER GUIDANCE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR LASER GUIDANCE, BY TYPE, 2015–2023 (USD MILLION)
    • MAGNETIC GUIDANCE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR MAGNETIC GUIDANCE, BY TYPE, 2015–2023 (USD MILLION)
    • VISION GUIDANCE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR VISION GUIDANCE, BY TYPE, 2015–2023 (USD MILLION)
    • INDUCTIVE GUIDANCE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR INDUCTIVE GUIDANCE, BY TYPE, 2015–2023 (USD MILLION)
    • OPTICAL TAPE GUIDANCE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OPTICAL TAPE GUIDANCE, BY TYPE, 2015–2023 (USD MILLION)
    • OTHERS
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY TYPE, 2015–2023 (USD MILLION)
  • AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
    • AUTOMOTIVE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • MANUFACTURING
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR MANUFACTURING INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • FOOD & BEVERAGE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • AEROSPACE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR AEROSPACE INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • HEALTHCARE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR HEALTHCARE INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • LOGISTICS
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR LOGISTICS INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR LOGISTICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • RETAIL
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR RETAIL INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR RETAIL INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
    • OTHERS
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY TYPE, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY REGION, 2015–2023 (USD MILLION)
  • AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
    • TRANSPORTATION
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR TRANSPORTATION, BY INDUSTRY, 2015–2023 (USD MILLION)
    • DISTRIBUTION
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR DISTRIBUTION, BY INDUSTRY, 2015–2023 (USD MILLION)
    • STORAGE
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR STORAGE, BY INDUSTRY, 2015–2023 (USD MILLION)
    • ASSEMBLY
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR ASSEMBLY, BY INDUSTRY, 2015–2023 (USD MILLION)
    • PACKAGING
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR PACKAGING, BY INDUSTRY, 2015–2023 (USD MILLION)
    • OTHERS
      • Table AUTOMATED GUIDED VEHICLE MARKET FOR OTHERS, BY INDUSTRY, 2015–2023 (USD MILLION)
  • AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE, 2015–2023 (USD MILLION)
    • LEAD
    • NICKEL-BASED
    • LITHIUM-ION
      • Table LITHIUM ION BATTERIES IN AGV MARKET, BY AUTOMATED GUIDED VEHICLE TYPE, 2015–2023 (USD MILLION)
      • Table LITHIUM ION BATTERIES IN AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM ION BATTERIES FOR UNIT LOAD CARRIERS, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM-ION BATTERIES FOR FORKLIFT TRUCKS, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM-ION BATTERY FOR TOW VEHICLES, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM-ION BATTERY FOR PALLET TRUCKS, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM-ION BATTERY FOR ASSEMBLY LINE VEHICLES, BY REGION, 2015–2023 (USD MILLION)
      • Table AGV MARKET FOR LITHIUM-ION BATTERY FOR OTHER VEHICLE TYPES, BY REGION, 2015–2023 (USD MILLION)
    • OTHERS
  • AUTOMATED GUIDED VEHICLE MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2015–2023 (USD MILLION)
    • NORTH AMERICA
      • Table AUTOMATED GUIDED VEHICLE MARKET IN NORTH AMERICA, BY COUNTRY 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN NORTH AMERICA, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN NORTH AMERICA, BY TYPE, 2015–2023 (USD MILLION)
      • THE US
      • CANADA
      • MEXICO
    • EUROPE
      • Table AUTOMATED GUIDED VEHICLE MARKET IN EUROPE, BY COUNTRY 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN EUROPE, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN EUROPE, BY TYPE, 2015–2023 (USD MILLION)
      • GERMANY
      • THE UK
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC (APAC)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN APAC, BY COUNTRY 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN APAC, BY INDUSTRY, 2015–2023 (USD MILLION)
      • Table AUTOMATED GUIDED VEHICLE MARKET IN APAC, BY TYPE, 2015–2023 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF APAC
    • ROW
      • SOUTH AMERICA
      • AFRICA
      • MIDDLE EAST
        • Table AUTOMATED GUIDED VEHICLE MARKET IN ROW, BY COUNTRY 2015–2023 (USD MILLION)
        • Table AUTOMATED GUIDED VEHICLE MARKET IN ROW, BY INDUSTRY, 2015–2023 (USD MILLION)
        • Table AUTOMATED GUIDED VEHICLE MARKET IN ROW, BY TYPE, 2015–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF PLAYERS, 2017
      • Table MARKET RANKING FOR AUTOMATED GUIDED VEHICLE MARKET, 2017
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENTS AND LAUNCHES
        • Table NEW PRODUCT DEVELOPMENTS AND LAUNCHES, 2015 –2017
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2014-2017
      • EXPANSIONS
        • Table INVESTMENTS AND EXPANSIONS, 2016–2017
  • COMPANY PROFILES
    • KEY PLAYERS
      • DAIFUKU
      • JBT CORPORATION
      • KION GROUP
      • TOYOTA INDUSTRIES
      • KUKA
      • HYSTER-YALE MATERIALS HANDLING
      • EK AUTOMATION
      • SEEGRID CORPORATION
      • KOLLMORGEN
      • SSI SCHAFER
    • KEY INNOVATORS
      • LOCUS ROBOTICS
      • FETCH ROBOTICS
      • INVIA ROBOTICS
      • ADDVERB TECHNOLOGIES
      • MOTUM
    • OTHER COMPANIES
      • TRANSBOTICS CORPORATION
      • IFUTURE ROBOTICS
      • OCEANEERING INTERNATIONAL
      • SAVANT AUTOMATION
      • KONECRANES
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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