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Middle East & Africa Automated Guided Vehicle Market Forecast to 2030 – Regional Analysis – by Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Vehicle Type (Pallet Trucks, Unit Load Carriers, Driverless Trains, Forklift Trucks, and Others), and End User (General Manufacturing, Food and Beverage, Aerospace, Retail, Healthcare, Logistics, Automotive, and Others)

October 2023 | 162 pages | ID: MD95CEEE45C5EN
The Insight Partners

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The Middle East & Africa automated guided vehicle market was valued at US$ 201.92 million in 2022 and is expected to reach US$ 471.06 million by 2030; it is estimated to grow at a CAGR of 11.2% from 2022 to 2030.

Increasing Industrialization and Automation in Industries fuel the Middle East & Africa Automated Guided Vehicle Market

Industrialization and automation are revolutionizing the way businesses and industries operate across the Middle East & Africa. Automation has enabled businesses to become more cost-effective and efficient by excluding labor-intensive tasks and increasing production accuracy and speed. Automation also has the potential to improve product quality and decrease human error. It has allowed businesses to improve customer service, modernize their operations, and reduce customer wait times. Automation is also helping businesses become more flexible, acknowledging them to respond quickly to changes in the market. As businesses embrace automation, they quickly realize the benefits it can bring to their operations. Industrialization and automation in industries are growing significantly. For instance, in June 2023, Rockwell Automation announced that 85% of automotive manufacturers plan to maintain or even increase their workforce due to technology adoption. In addition, 64% of businesses use software to automate processes, and 54% of leaders are increasing automation to address labor shortages.

According to the data of SSE Automation, industrial production has grown rapidly, and almost 90% of companies perceive benefits in automation. Automated guided vehicles are widely used for several purposes: increasing safety, lowering production time, assuring high production volume, and minimizing the risk of human mistakes. Thus, growing industrialization and automation in industries drive the Middle East & Africa automated guided vehicles market.

Middle East & Africa Automated Guided Vehicle Market Overview

The Middle East & Africa automated guided vehicle market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. For cost savings and better operational efficiencies, the food, pharmaceutical, and logistics industries seek solutions that can optimize their inventories, deliver products efficiently, and maintain a balance between supply and demand. With better access to advanced IT infrastructure and equipment, the performance of the workforce in an organization is likely to increase significantly. For example, the demand for automated dispensing systems is estimated to grow due to increasing implementations of AGVs by these industries.

Middle East & Africa Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Automated Guided Vehicle Market Segmentation

The Middle East & Africa automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the Middle East & Africa automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.

Based on vehicle type, the Middle East & Africa automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.

Based on end user, the Middle East & Africa automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.

Based on country, the Middle East & Africa automated guided vehicle market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa automated guided vehicle market share in 2022.

Daifuku Co Ltd; Dematic Corp; John Bean Technologies Corp; Jungheinrich AG; Konecranes Plc; Murata Machinery Ltd; and Toyota Material Handling Inc are some of the leading players operating in the Middle East & Africa automated guided vehicle market.
1. INTRODUCTION

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
  1.3.1 Middle East & Africa Automated Guided Vehicles Market – By Technology
  1.3.2 Middle East & Africa Automated Guided Vehicles Market – By Vehicle Type
  1.3.3 Middle East & Africa Automated Guided Vehicles Market – By End User
  1.3.4 Middle East & Africa Automated guided vehicles Market – By Country

2. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET – KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES – MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
  4.2.1 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET– INDUSTRY DYNAMICS

5.1 Market Drivers
  5.1.1 Increasing Industrialization and Automation in Industries
  5.1.2 Huge Growth in E-Commerce Sector
  5.1.3 Increasing Need for Well-Managed Operations in Warehouses, Distribution, and Manufacturing Facilities
5.2 Market Restraints
  5.2.1 High Upfront Costs
  5.2.2 AGV Alternatives
5.3 Market Opportunities
  5.3.1 Incorporation of Industry 4.0
  5.3.2 Substantial Growth of Industries
5.4 Future Trends
  5.4.1 Technological Advancements in AGVs
5.5 Impact analysis

6. AUTOMATED GUIDED VEHICLES MARKET – MIDDLE EAST & AFRICA ANALYSIS

6.1 Middle East & Africa Automated Guided Vehicles Market Overview
6.2 Middle East & Africa Automated Guided Vehicles Market – Revenue and Forecast to 2030 (US$ Million)

7. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET ANALYSIS AND FORECAST TO 2030 – TECHNOLOGY

7.1 Overview
7.2 Automated Guided Vehicles Market, by Technology, 2022 & 2030 (% Share)
7.3 Laser Target Navigation
  7.3.1 Overview
  7.3.2 Laser Target Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.4 Magnetic Navigation
  7.4.1 Overview
  7.4.2 Magnetic Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.5 Wired Navigation
  7.5.1 Overview
  7.5.2 Wired Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.6 Guide Tape Navigation
  7.6.1 Overview
  7.6.2 Guide Tape Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.7 Others
  7.7.1 Overview
  7.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

8. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET ANALYSIS AND FORECAST TO 2030 – VEHICLE TYPE

8.1 Overview
8.2 Automated Guided Vehicles Market, by Vehicle Type, 2022 & 2030 (% Share)
8.3 Tow Vehicle
  8.3.1 Overview
  8.3.2 Tow Vehicle: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.4 Pallet Trucks
  8.4.1 Overview
  8.4.2 Pallet Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.5 Tugger Trains
  8.5.1 Overview
  8.5.2 Tugger Trains: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.6 Forklift Trucks
  8.6.1 Overview
  8.6.2 Forklift Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.7 Others
  8.7.1 Overview
  8.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

9. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET ANALYSIS AND FORECAST TO 2030 – END USER

9.1 Overview
9.2 Automated Guided Vehicles Market, by End User, 2022 & 2030 (% Share)
9.3 Logistics
  9.3.1 Overview
  9.3.2 Logistics: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.4 Automotive
  9.4.1 Overview
  9.4.2 Automotive: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.5 General Manufacturing
  9.5.1 Overview
  9.5.2 General Manufacturing: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.6 Healthcare
  9.6.1 Overview
  9.6.2 Healthcare: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.7 Retail
  9.7.1 Overview
  9.7.2 Retail: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.8 Food and Beverage
  9.8.1 Overview
  9.8.2 Food and Beverage: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.9 Aerospace
  9.9.1 Overview
  9.9.2 Aerospace: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.10 Others
  9.10.1 Overview
  9.10.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

10. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLES MARKET REVENUE AND FORECAST TO 2030 – COUNTRY ANALYSIS

10.1 Middle East & Africa: Automated Guided Vehicles (AGV) Market
  10.1.1 Overview
  10.1.2 MEA Automated Guided Vehicles (AGV) Market, by Country
    10.1.2.1 Saudi Arabia
    10.1.2.2 Saudi Arabia Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
      10.1.2.2.1 Saudi Arabia Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
      10.1.2.2.2 Saudi Arabia Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
      10.1.2.2.3 Saudi Arabia Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
      10.1.2.2.4 Saudi Arabia Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
    10.1.2.3 UAE
      10.1.2.3.1 UAE Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
      10.1.2.3.2 UAE Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
      10.1.2.3.3 UAE Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
      10.1.2.3.4 UAE Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
      10.1.2.3.5 UAE Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
    10.1.2.4 South Africa
    10.1.2.5 South Africa Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
      10.1.2.5.1 South Africa Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
      10.1.2.5.2 South Africa Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
      10.1.2.5.3 South Africa Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
      10.1.2.5.4 South Africa Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
    10.1.2.6 Rest of MEA
    10.1.2.7 Rest of MEA Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
      10.1.2.7.1 Rest of MEA Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
      10.1.2.7.2 Rest of MEA Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
      10.1.2.7.3 Rest of MEA Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
      10.1.2.7.4 Rest of MEA Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. COMPANY PROFILES

12.1 Dematic Corp
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Jungheinrich AG
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 Toyota Material Handling Inc
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 Konecranes Plc
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 John Bean Technologies Corp
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Daifuku Co Ltd
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Murata Machinery Ltd
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms


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