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Automated Guided Vehicle (AGV) Market Size, Share, and Analysis, By Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks and Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, Inductive Guided and Others), By Application (Transportation, Distribution, Storage, Assembly, Packaging and Waste Handling), By Industry (Automotive, Food and Beverage, Manufacturing, E-Commerce and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

June 2024 | 432 pages | ID: AEBB30897093EN
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Automated Guided Vehicle (AGV) Market Size, Share, and Analysis, By Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks and Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, Inductive Guided and Others), By Application (Transportation, Distribution, Storage, Assembly, Packaging and Waste Handling), By Industry (Automotive, Food and Beverage, Manufacturing, E-Commerce and Others) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Automated Guided Vehicle (AGV) Market is anticipated t%li%grow at a CAGR of 11.3% in the forecast period (2024-2034), with the market size valued at USD 3.7 billion in 2023 and projected t%li%reach USD 12.2 billion by 2034.

Automated Guided Vehicle refers t%li%the autonomous mobile robots which are manufactured in order t%li%facilitate in the transportation within industrial settings, warehouses, and distribution centres without the requirement for any type human assistance. These vehicles are generally made in with various sensors, navigation systems, and fitted computers that help t%li%navigate during work, avoiding obstacles and proactively interact with environment around them. AGVs are available in different variants such as forklifts, pallet trucks and tow vehicles while playing an essential role while assisting in handling tasks. The market consists of manufacturing, sales and distribution of AGVs and then integrating them effectively in the workspaces. The market is expected t%li%have positive growth due t%li%labour cost saving solutions and rising operational challenges.

MARKET HIGHLIGHTS

Automated Guided Vehicle (AGV) Market is anticipated t%li%reach USD 12.2 billion, growing at a CAGR of 11.3% during the forecast period owing t%li%the overall increasing demand for automation in material handling, rising labour costs, and advancements in robotics and navigation technologies. The AGVs are available in various forms of vehicle variants such as Tow Vehicles, Forklift Vehicles, Unit Load Carriers, Assembly Line Vehicles, Pallet Trucks and Others, all these different form of vehicles specialises in certain form of work and operations. AGVs are effectively equipped with different navigation technologies namely Laser Guided, Magnetic Guided, Vision Guided, Inductive Guided and Others, which all help towards navigation and is used effectively in various application referred as Transportation, Distribution, Storage, Assembly, Packaging and Waste Handling. AGVs use in the recent years have expanded t%li%different various industries ranging from Automotive, Food and Beverage, Manufacturing t%li%E-Commerce.

Automated Guided Vehicle (AGV) Market Segments:
  • By Type
  • Tow Vehicles
  • Unit Load Carriers
  • Forklift Trucks
  • Assembly Line Vehicles
  • Pallet Trucks and Others
  • By Navigation Technology
  • Laser Guided
  • Magnetic Guided
  • Vision Guided
  • Inductive Guided
  • Others
  • By Application
  • Transportation
  • Distribution
  • Storage
  • Assembly
  • Packaging
  • Waste Handling
  • By Industry
  • Automotive
  • Food and Beverage
  • Manufacturing
  • E-Commerce
  • Others
MARKET DYNAMICS

Growth Drivers

Growing Demand For Automation In Material Handling And Logistics Has Provided Better Room For Market Development

Increase In The Overall Labour Costs With A Significant Shortage Of Skilled Workers Have Prompted The Use Of AGVs

Restraint

High Initial Investment Costs Of AGVs Are Acting As A Significant Restraint For Market Development

Key Players
  • Daifuku Co., Ltd.
  • Jungheinrich AG
  • Swisslog Holding AG
  • KION Group AG
  • Toyota Industries Corporation
  • Hyster-Yale Materials Handling, Inc.
  • JBT Corporation
  • Oceaneering AGV Systems
  • Seegrid Corporation
  • E&K Automation GmbH
  • AGVE Group
  • Murata Machinery, Ltd.
  • Bastian Solutions, LLC
  • Transbotics Corporation
  • Fetch Robotics, Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3.Automated Guided Vehicle (AGV): COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Automated Guided Vehicle (AGV): COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. AUTOMATED GUIDED VEHICLE (AGV) – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. AUTOMATED GUIDED VEHICLE (AGV)

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Type
    11.3.1.1.Tow Vehicles
      11.3.1.1.1. By Value (USD Million) 2024-2034F
      11.3.1.1.2.Market Share (%) 2024-2034F
      11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Unit Load Carriers
      11.3.1.2.1.By Value (USD Million) 2024-2034F
      11.3.1.2.2. Market Share (%) 2024-2034F
      11.3.1.2.3. Y-o-Y Growth (%) 2024-2034
    11.3.1.3.Forklift Trucks
      11.3.1.3.1.By Value (USD Million) 2024-2034F
      11.3.1.3.2. Market Share (%) 2024-2034F
      11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Assembly Line Vehicles
      11.3.1.4.1.By Value (USD Million) 2024-2034F
      11.3.1.4.2. Market Share (%) 2024-2034F
      11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Pallet Trucks
      11.3.1.5.1.By Value (USD Million) 2024-2034F
      11.3.1.5.2. Market Share (%) 2024-2034F
      11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.6. Others
      11.3.1.6.1.By Value (USD Million) 2024-2034F
      11.3.1.6.2. Market Share (%) 2024-2034F
      11.3.1.6.3. Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Navigation Technology
    11.3.2.1.Laser Guided
      11.3.2.1.1.By Value (USD Million) 2024-2034F
      11.3.2.1.2. Market Share (%) 2024-2034F
      11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Magnetic Guided
      11.3.2.2.1. By Value (USD Million) 2024-2034F
      11.3.2.2.2.Market Share (%) 2024-2034F
      11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Vision Guided
      11.3.2.3.1. By Value (USD Million) 2024-2034F
      11.3.2.3.2.Market Share (%) 2024-2034F
      11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.4.Inductive Guided
      11.3.2.4.1. By Value (USD Million) 2024-2034F
      11.3.2.4.2.Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.5. Others
      11.3.2.5.1. By Value (USD Million) 2024-2034F
      11.3.2.5.2.Market Share (%) 2024-2034F
      11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.3. By Application
    11.3.3.1.Transportation
      11.3.3.1.1.By Value (USD Million) 2024-2034F
      11.3.3.1.2. Market Share (%) 2024-2034F
      11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Distribution
      11.3.3.2.1. By Value (USD Million) 2024-2034F
      11.3.3.2.2.Market Share (%) 2024-2034F
      11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Storage
      11.3.3.3.1. By Value (USD Million) 2024-2034F
      11.3.3.3.2.Market Share (%) 2024-2034F
      11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.4.Assembly
      11.3.3.4.1. By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5.Packaging
      11.3.3.5.1. By Value (USD Million) 2024-2034F
      11.3.3.5.2.Market Share (%) 2024-2034F
      11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.6.Others
      11.3.3.6.1. By Value (USD Million) 2024-2034F
      11.3.3.6.2.Market Share (%) 2024-2034F
      11.3.3.6.3.Y-o-Y Growth (%) 2024-2034F
  11.3.4. By Industry
    11.3.4.1.Automotive
      11.3.4.1.1.By Value (USD Million) 2024-2034F
      11.3.4.1.2. Market Share (%) 2024-2034F
      11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Food and Beverage
      11.3.4.2.1. By Value (USD Million) 2024-2034F
      11.3.4.2.2.Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Manufacturing
      11.3.4.3.1. By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.E-Commerce
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5.Others
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F

12. NORTH AMERICA AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Type
  12.3.2.By Navigation Technology
  12.3.3.By Application
  12.3.4.By Industry
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13. EUROPE AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Type
  13.3.2.By Navigation Technology
  13.3.3.By Application
  13.3.4.By Industry
13.4. Country
  13.4.1.Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4. Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA-PACIFIC AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Type
  14.3.2.By Navigation Technology
  14.3.3.By Application
  14.3.4. By Industry
14.4. Country
  14.4.1. India
  14.4.2.China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Type
  15.3.2.By Navigation Technology
  15.3.3.By Application
  15.3.4.By Industry
15.4. Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4. South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA AUTOMATED GUIDED VEHICLE (AGV) SIZE & FORECAST 2024A-2034F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Type
  16.3.2.By Navigation Technology
  16.3.3.By Application
  16.3.4.By Industry
16.4. Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Daifuku Co., Ltd
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Jungheinrich AG
18.3.Swisslog Holding AG
18.4.KION Group AG
18.5. Toyota Industries Corporation
18.6. Hyster-Yale Materials Handling, Inc.
18.7. JBT Corporation
18.8.Oceaneering AGV Systems
18.9. Seegrid Corporation
18.10. E&K Automation GmbH
18.11.AGVE Group
18.12.Murata Machinery, Ltd.
18.13.Bastian Solutions, LLC
18.14. Transbotics Corporation
18.15.Fetch Robotics, Inc.
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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