Automated Guided Vehicle Market Size, Share, By Component, Vehicle Type, Battery Type, Mode of Operation, Navigation Technology, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035
Description
Automated Guided Vehicle Market Size, Share, By Component, Vehicle Type, Battery Type, Mode of Operation, Navigation Technology, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035
Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market is growing due to an increase in demand for automation and automated guided vehicles in many industries, as well as improvements in safety, accuracy, and productivity. In addition, lower labour costs in companies help to drive market expansion. However, the automated guided vehicle market's growth is hampered by high initial investment costs and a lack of flexibility. Further, implementation of industry 4.0 is predicted to give attractive growth prospects for firms functioning in the automated guided vehicle market.
The report " Automated Guided Vehicle Market, By Type (Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided), By Application (Logistics and Assembly and Packaging), By End Use Industry (Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030’’
Key Highlights:
The demand for automation is growing in the automotive, healthcare, e-commerce, and food and beverage industries due to the overall requirement for high efficiency. AGV-enabled industrial facility automation can help satisfy material handling capacity requirements while also lowering production time, minimizing the risk of human mistake, improving safety, ensuring high production volumes, and increasing precision and repeatability. AGVs provide for just-in-time (JIT) raw material delivery, computerized management of received completed parts, and tracking of dispatched items. AGVs assist in the storage, distribution, and transportation of materials without the need for human interaction, reducing the risk of worker injury and product damage while also improving accuracy.
Key Market Insights from the report:
Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market report segments the market on the basis of type, technology, application, end use industry, and region.
Key players in the automated guided vehicle market includes, Swisslog Holding AG, Daifuku Co. Ltd., Egemin Automation Inc., Bastian Solutions Inc., Toyota Industries Corporation, Dematic Corp., JBT Corporation, Seegrid Corporation, Hyster-Yale Group Inc., Balyo Inc., Kollmorgen Corporation, and E&K Automation GMBH.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Important Points Answered in this Market Report Are Given Below:
By Component:
Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market is growing due to an increase in demand for automation and automated guided vehicles in many industries, as well as improvements in safety, accuracy, and productivity. In addition, lower labour costs in companies help to drive market expansion. However, the automated guided vehicle market's growth is hampered by high initial investment costs and a lack of flexibility. Further, implementation of industry 4.0 is predicted to give attractive growth prospects for firms functioning in the automated guided vehicle market.
The report " Automated Guided Vehicle Market, By Type (Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided), By Application (Logistics and Assembly and Packaging), By End Use Industry (Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030’’
Key Highlights:
- Toyota Industries and All Nippon Airways (ANA) teamed in March 2021 to test Japan's first autonomous towing tractors at Saga Airport. The towing tractors employ 2D/3D LiDAR sensors to autonomously detect obstacles in their path and modify their trajectory accordingly.
- Daifuku teamed with AFT Industries, a German automation and conveyor technology business, in February 2021 to take advantage of the latter's expertise in upgrading material handling systems for the automobile industry. The cooperation will focus on creating new avenues to meet the global demand for car manufacturers' material management systems.
- EK Robotics will debut the VARIO MOVE transport vehicle in April 2020. It is made up of a drive unit that may be flexibly outfitted with various load handling accessories via universal interfaces.
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
- Market intelligence to enable effective decision-making
- Growth opportunities and trend analyses
- Market estimates and forecasts from 2025 to 2035
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Daifuku Co., Ltd.
- Oceaneering International, Inc.
- AIM
- Dematic
- TOYOTA
- IDC Corporation
- AGVE
- ALIGN PRODUCTION SYSTEMS
- Bastian Solutions, LLC
- Barcoding Inc.
- ZEBRA
- HOJ INNOVATIONS
- ANSCER Robotics
- JBT
- KUKA AG
- Murata Machinery, Ltd.
- Seegrid
The demand for automation is growing in the automotive, healthcare, e-commerce, and food and beverage industries due to the overall requirement for high efficiency. AGV-enabled industrial facility automation can help satisfy material handling capacity requirements while also lowering production time, minimizing the risk of human mistake, improving safety, ensuring high production volumes, and increasing precision and repeatability. AGVs provide for just-in-time (JIT) raw material delivery, computerized management of received completed parts, and tracking of dispatched items. AGVs assist in the storage, distribution, and transportation of materials without the need for human interaction, reducing the risk of worker injury and product damage while also improving accuracy.
Key Market Insights from the report:
Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market report segments the market on the basis of type, technology, application, end use industry, and region.
- Based on Type, Automated Guided Vehicle Market is segmented into Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others.
- Based on Technology, Automated Guided Vehicle Market is segmented into Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided.
- Based on Application, Automated Guided Vehicle Market is segmented into Logistics and Assembly and Packaging.
- Based on End-User Industry, Automated Guided Vehicle Market is segmented into Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others.
- By Region, the Automated Guided Vehicle Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Key players in the automated guided vehicle market includes, Swisslog Holding AG, Daifuku Co. Ltd., Egemin Automation Inc., Bastian Solutions Inc., Toyota Industries Corporation, Dematic Corp., JBT Corporation, Seegrid Corporation, Hyster-Yale Group Inc., Balyo Inc., Kollmorgen Corporation, and E&K Automation GMBH.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
By Component:
- Hardware
- Cobots
- Actuators
- Others
- Software
- Navigation System
- Fleet Management Software
- Others
- Tow Vehicles
- Automated Forklift Trucks
- Underride or Tunneling Vehicles
- Assembly Line Vehicles
- Others
- Lead Battery
- Lithium-Ion Battery
- Nickel-Based Battery
- Others
- Indoor
- Outdoor
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- Logistics and Warehousing
- Assembly
- Packaging
- Trailer Loading and Unloading
- Raw Material Handling
- Others
- Manufacturing Sector
- Automotive, Pharmaceuticals
- Aerospace and Defense
- Others
- Wholesale Distribution Sector
- E-commerce
- Grocery Stores
- Others
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- How is the Automated Guided Vehicle Market expected to evolve by 2035?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2035?
- Who are the leading players in the market, and what are their prospects?
Table of Contents
167 Pages
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Vehicle Type
- Market Snippet, By Battery Type
- Market Snippet, By Mode of Operation
- Market Snippet, By Navigation Technology
- Market Snippet, By Application
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Product Launch
- Collaboration & Partnership
- Market Segmentation, By Component, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hardware
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cobots
- Actuators
- Others
- Software
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Navigation System
- Fleet Management Software
- Others
- Market Segmentation, By Vehicle Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Tow Vehicles
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Automated Forklift Trucks
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Underride or Tunneling Vehicles
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Assembly Line Vehicles
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Battery Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Lead Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Lithium-Ion Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Nickel-Based Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Mode of Operation, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Indoor
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Outdoor
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Navigation Technology, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Laser Guidance
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Magnetic Guidance
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Vision Guidance
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Inductive Guidance
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Natural Navigation
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Logistics and Warehousing
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Assembly
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Packaging
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Trailer Loading and Unloading
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Raw Material Handling
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By End-User, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Manufacturing Sector
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Automotive
- Pharmaceuticals
- Aerospace and Defense
- Others
- Wholesale Distribution Sector
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- E-Commerce
- Grocery Stores
- Others
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Mode of Operation, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Navigation Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Mode of Operation, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Navigation Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Mode of Operation, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Navigation Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Mode of Operation, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Navigation Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Mode of Operation, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Navigation Technology, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East and Africa
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Daifuku Co., Ltd.
- Oceaneering International, Inc.
- AIM
- Dematic
- TOYOTA
- IDC Corporation
- AGVE
- ALIGN PRODUCTION SYSTEMS
- Bastian Solutions, LLC
- Barcoding Inc.
- ZEBRA
- HOJ INNOVATIONS
- ANSCER Robotics
- JBT
- KUKA AG
- Murata Machinery, Ltd.
- Seegrid
Pricing
Currency Rates
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