Automated Guided Vehicle (AGV) Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape, Vision, Inertial, Beacon) - Global Forecast to 2029
The global automated guided vehicle market is projected to reach USD 2.56 billion by 2024 and USD 3.78 billion by 2029, at a CAGR of 8.1%. This growth is driven by the increasing demand for efficient intralogistics systems as well as the rapidly proliferating e-commerce activities that need streamlined warehouse management. The improvements in battery technology in addition to the introduction of modular AGV designs have greatly improved the versatility and reliability of these systems. The growing trend toward sustainability has also led to increasing investment in electric and autonomous vehicles, which are essential in modernizing material handling processes.
'Tow vehicles to maintain largest market share during the forecast period.”
Tow vehicles are expected to emerge as the leader in the automated guided vehicle market in terms of market share during the forecast period due to their versatile applications across various industries. These tow vehicles, being utilized mainly to transport heavy loads with ease, possess a higher advantage in material handling operations in terms of increased productivity, low labor cost, and minimal error rates. These AGVs are increasingly used in manufacturing, warehouses, and distribution centers due to the bulk goods movement over a distance. Advances in the navigation technologies along with integration with automation systems have made tow vehicles more reliable and adaptable. As industries increasingly adopt automation to achieve better efficiency in operations and increase demand, tow vehicles are expected to remain the leader in the automated guided vehicle market.
“Laser guidance technology to hold largest market share due to ability to support flexible and scalable operations in dynamic industrial settings.”
Laser guidance technology is likely to hold the largest market share during the forecast period. Unlike other conventional guidance systems, laser-guided AGVs do not demand physical infrastructures like magnetic strips or tracks, making them cost-effective for those facilities planning to expand or reconfigure layouts. Furthermore, laser guidance enhances route optimization and operational efficiency, allowing real-time path adjustments that are helpful in those industrial sectors characterized by high throughput requirements, such as e-commerce and retail logistics. The growing emphasis focus on smart factories and initiatives around Industry 4.0 also fuel the adoption of laser-guided AGVs, given that their advanced sensors and mapping capabilities fit well with the growing need for digitized and autonomous workflows. sensors and mapping capabilities fit well with the growing need for digitized and autonomous workflows.
'3PL Segment is Projected to Witness a Substantially High CAGR in the market during the forecast period.'
The 3PL segment is expected to be the dominant automated guided vehicle market, because of the increasing demand for efficient and cost-effective material handling solutions. An increase in e-commerce and international trade activities driving the adoption of advanced AGVs, streamlining the warehouse operations, enhancing inventory management and optimization of supply chain processes for leading 3PL providers. Features such as real-time tracking, route optimization, and predictive maintenance offered by the integration of smart technologies, lot, and Al in AGVs have further increased their adoption. Therefore, as businesses are gradually focusing on increasing their speed, accuracy, and scalability in the offerings of their logistics, the demand for advanced AGV solutions in the 3PL industry is set to rise significantly. Accordingly, this is expected to be a contributing factor in innovation and market growth in the AGV market.
' Europe is set to hold a significant share in automated guided vehicle market'
Europe is expected to be the pivotal in the AGV market since driven by the region's intense focus on innovation; strong logistics networks, and demand for highly advanced material handling solutions. Emphasis on making the manufacturing sector digital and automated by the European Union has also contributed to fostering AGV adoption. Its programs related to smart manufacturing and transition toward connected factories are further boosting demand. The UK, Spain, and the Netherlands are significant traction due to their growing retail and logistics industries.
Breakdown of primaries
A variety of executives from key organizations operating in the automated guided vehicle market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
The study provides a detailed competitive analysis of these key players in the automated guided vehicle market, presenting their company profiles, most recent developments, and key market strategies.
Research Coverage
In this report, the automated guided vehicle market has been segmented based on type, navigation technology, industry and region. The type segment consists of Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicle, Forklift Vehicles and Other Types (AGCs, Hybrid AGVs, Customized AGVs). The navigation technology segment consists of Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Other Guidance Technologies (Inertial, Beacon, Dead Reckoning Guidance). The industry segment consists of Automotive, Chemicals, Aviation, Semiconductor & Electronics, E-commerce, Food & Beverage, Healthcare, Metals & Heavy Machinery, 3PL, and Others (Printing & Paper, Textile). The market has been segmented into four regions-North America, Asia Pacific, Europe, and RoW.
Reasons to buy the report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the automated guided vehicle market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Benefits of Buying the Report
'Tow vehicles to maintain largest market share during the forecast period.”
Tow vehicles are expected to emerge as the leader in the automated guided vehicle market in terms of market share during the forecast period due to their versatile applications across various industries. These tow vehicles, being utilized mainly to transport heavy loads with ease, possess a higher advantage in material handling operations in terms of increased productivity, low labor cost, and minimal error rates. These AGVs are increasingly used in manufacturing, warehouses, and distribution centers due to the bulk goods movement over a distance. Advances in the navigation technologies along with integration with automation systems have made tow vehicles more reliable and adaptable. As industries increasingly adopt automation to achieve better efficiency in operations and increase demand, tow vehicles are expected to remain the leader in the automated guided vehicle market.
“Laser guidance technology to hold largest market share due to ability to support flexible and scalable operations in dynamic industrial settings.”
Laser guidance technology is likely to hold the largest market share during the forecast period. Unlike other conventional guidance systems, laser-guided AGVs do not demand physical infrastructures like magnetic strips or tracks, making them cost-effective for those facilities planning to expand or reconfigure layouts. Furthermore, laser guidance enhances route optimization and operational efficiency, allowing real-time path adjustments that are helpful in those industrial sectors characterized by high throughput requirements, such as e-commerce and retail logistics. The growing emphasis focus on smart factories and initiatives around Industry 4.0 also fuel the adoption of laser-guided AGVs, given that their advanced sensors and mapping capabilities fit well with the growing need for digitized and autonomous workflows. sensors and mapping capabilities fit well with the growing need for digitized and autonomous workflows.
'3PL Segment is Projected to Witness a Substantially High CAGR in the market during the forecast period.'
The 3PL segment is expected to be the dominant automated guided vehicle market, because of the increasing demand for efficient and cost-effective material handling solutions. An increase in e-commerce and international trade activities driving the adoption of advanced AGVs, streamlining the warehouse operations, enhancing inventory management and optimization of supply chain processes for leading 3PL providers. Features such as real-time tracking, route optimization, and predictive maintenance offered by the integration of smart technologies, lot, and Al in AGVs have further increased their adoption. Therefore, as businesses are gradually focusing on increasing their speed, accuracy, and scalability in the offerings of their logistics, the demand for advanced AGV solutions in the 3PL industry is set to rise significantly. Accordingly, this is expected to be a contributing factor in innovation and market growth in the AGV market.
' Europe is set to hold a significant share in automated guided vehicle market'
Europe is expected to be the pivotal in the AGV market since driven by the region's intense focus on innovation; strong logistics networks, and demand for highly advanced material handling solutions. Emphasis on making the manufacturing sector digital and automated by the European Union has also contributed to fostering AGV adoption. Its programs related to smart manufacturing and transition toward connected factories are further boosting demand. The UK, Spain, and the Netherlands are significant traction due to their growing retail and logistics industries.
Breakdown of primaries
A variety of executives from key organizations operating in the automated guided vehicle market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
- By Company Type: Tier 1 –30%, Tier 2 – 40%, and Tier 3 – 30%
- By Designation: C-level Executives – 35%, Directors – 40%, and Others – 20%
- By Region: North America – 30%, Europe – 25%, Asia Pacific – 30%, and RoW – 15%
The study provides a detailed competitive analysis of these key players in the automated guided vehicle market, presenting their company profiles, most recent developments, and key market strategies.
Research Coverage
In this report, the automated guided vehicle market has been segmented based on type, navigation technology, industry and region. The type segment consists of Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicle, Forklift Vehicles and Other Types (AGCs, Hybrid AGVs, Customized AGVs). The navigation technology segment consists of Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Other Guidance Technologies (Inertial, Beacon, Dead Reckoning Guidance). The industry segment consists of Automotive, Chemicals, Aviation, Semiconductor & Electronics, E-commerce, Food & Beverage, Healthcare, Metals & Heavy Machinery, 3PL, and Others (Printing & Paper, Textile). The market has been segmented into four regions-North America, Asia Pacific, Europe, and RoW.
Reasons to buy the report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the automated guided vehicle market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Benefits of Buying the Report
- Analysis of key drivers (Rising demand for automation solutions in various industries, Increased focus on enhancing workplace safety, Marked shift to mass customization from mass production, Growing demand for material handling technology fuels automated guided vehicle sales, and Rising demand in E-commerce drives automated guided vehicle (AGV) adoption for efficient order fulfillment), restraints (High installation, maintenance, and switching costs associated with AGVs, Increasing preference for mobile robots over AGVs in retail and e-commerce industries, Lack of flexibility and obstacle resistance in AGVs, and Challenges with infrastructure compatibility in developing countries) opportunities (Growing implementation of Industry 4.0 technologies in warehousing sector, Increasing focus on industrial automation by SMEs, Substantial growth of industrial sector in emerging economies, Presence of huge intralogistics sector in Southeast Asia, and Enhanced AGV Capabilities through technological integration), and challenges (Low labor costs restricting adoption of AGVs in emerging economies , Technical challenges related to sensing elements, and Maintenance challenges and downtime in AGV Operations) influencing the growth of the automated guided vehicle market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the automated guided vehicle market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the automated guided vehicle market across varied regions.
- Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the automated guided vehicle market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Daifuku Co., Ltd. (Japan), JBT (US), KION Group AG (Germany), Toyota Industries Corporation (Japan), KUKA AG (Germany) and Others.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primary interviews
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET
4.2 AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
4.3 AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
4.4 AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY
4.5 AUTOMATED GUIDED VEHICLE MARKET IN NORTH AMERICA, BY INDUSTRY
AND COUNTRY
4.6 AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising demand for automation solutions in various industries
5.2.1.2 Increasing focus on enhancing workplace safety
5.2.1.3 Marked shift to mass customization from mass production
5.2.1.4 Growing demand for material handling technology
5.2.1.5 Rapid expansion of e-commerce industry
5.2.2 RESTRAINTS
5.2.2.1 High installation, maintenance, and switching costs
5.2.2.2 Growing preference for mobile robots over AGVs
5.2.2.3 Issues with infrastructure compatibility in developing countries
5.2.3 OPPORTUNITIES
5.2.3.1 Growing implementation of Industry 4.0 technologies
in warehousing sector
5.2.3.2 Increasing focus on industrial automation by SMEs
5.2.3.3 Substantial growth of industrial sector in emerging economies
5.2.3.4 Rapidly growing intralogistics sector in Southeast Asia
5.2.3.5 Constant technological innovations to enhance AGV capabilities
5.2.4 CHALLENGES
5.2.4.1 Low labor costs restricting adoption in emerging economies
5.2.4.2 Technical challenges and downtime in operations
5.3 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 INDICATIVE PRICING OF FORKLIFT TRUCKS OFFERED BY KEY PLAYERS, 2023
5.5.2 AVERAGE SELLING PRICE TREND FOR AGVS, BY TYPE, 2020–2023
5.5.3 AVERAGE SELLING PRICE TREND FOR AGVS, BY REGION, 2020–2023
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Artificial intelligence
5.8.1.2 Machine learning
5.8.2 ADJACENT TECHNOLOGIES
5.8.2.1 Internet of Things
5.8.2.2 5G
5.8.3 COMPLEMENTARY TECHNOLOGIES
5.8.3.1 Collaborative robots
5.8.3.2 Digital twin technology
5.9 PORTER'S FIVE FORCES ANALYSIS
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.10.2 BUYING CRITERIA
5.11 CASE STUDY ANALYSIS
5.11.1 MASTERMOVER'S AGV ACCELERATES EFFICIENCY AT TOYOTA
MOTOR MANUFACTURING
5.11.2 IMPLEMENTATION OF AGV & PALLETISING SYSTEM FOR KILCOY
PASTORAL COMPANY
5.11.3 SCOTT AUTOMATION’S ADVANCED AGV AND PALLETISING SYSTEM
ENHANCE EFFICIENCY OF KILCOY PASTORAL COMPANY
5.11.4 AGV-BASED INSTRUMENTAL PANEL ASSEMBLY LINE ENHANCES
EFFICIENCY AT JAGUAR LAND ROVER SLOVAKIA
5.11.5 E80 GROUP IMPLEMENTS LGVS AT METSД TISSUE’S WAREHOUSES
TO IMPROVE OPERATIONAL PERFORMANCE
5.12 KEY CONFERENCES AND EVENTS, 2024–2025
5.13 TRADE ANALYSIS
5.13.1 IMPORT SCENARIO (HS CODE 842710)
5.13.2 EXPORT SCENARIO (HS CODE 842710)
5.14 PATENT ANALYSIS
5.15 REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15.2 STANDARDS
5.15.3 REGULATIONS
5.16 IMPACT OF AI ON AUTOMATED GUIDED VEHICLE MARKET
5.16.1 INTRODUCTION
5.16.2 IMPACT ON AUTOMATED GUIDED VEHICLE MARKET
5.16.3 TOP USE CASES AND MARKET POTENTIAL
6 EMERGING TECHNOLOGIES AND APPLICATIONS OF
AUTOMATED GUIDED VEHICLES
6.1 INTRODUCTION
6.2 EMERGING TECHNOLOGIES USED IN AUTOMATED GUIDED VEHICLES
6.2.1 LIDAR SENSORS
6.2.2 CAMERA VISION
6.2.3 DUAL-MODE AUTOMATED GUIDED VEHICLES
6.3 LATEST APPLICATIONS OF AUTOMATED GUIDED VEHICLES
6.3.1 HOSPITALS
6.3.2 THEME PARKS
6.3.3 AGRICULTURE
7 BATTERY TYPES AND CHARGING ALTERNATIVES FOR
AUTOMATED GUIDED VEHICLES
7.1 INTRODUCTION
7.2 TYPES OF BATTERIES USED IN AUTOMATED GUIDED VEHICLES
7.2.1 LEAD–ACID BATTERIES
7.2.2 LITHIUM–ION BATTERIES
7.2.3 NICKEL-BASED BATTERIES
7.2.4 OTHERS
7.3 BATTERY CHARGING ALTERNATIVES
7.3.1 AUTOMATIC AND OPPORTUNITY CHARGING
7.3.1.1 Wireless charging
7.3.2 BATTERY SWAP
7.3.2.1 Automatic battery swap
7.3.3 PLUG-IN CHARGING
7.3.3.1 Manual plug-in charging
7.3.3.2 Automatic plug-in charging
8 OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET
8.1 INTRODUCTION
8.2 HARDWARE
8.3 SOFTWARE AND SERVICES
9 RECENT TRENDS IN AUTOMATED GUIDED VEHICLES
9.1 INTRODUCTION
9.2 INTERNET OF THINGS CONNECTIVITY
9.3 ADOPTION OF COLLABORATIVE AGVS
9.4 SCALABILITY AND MODULAR DESIGN
9.5 ADVANCED NAVIGATION TECHNOLOGIES
9.6 ENERGY EFFICIENCY AND SUSTAINABILITY
9.7 INTEGRATION OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
9.8 EDGE COMPUTING FOR REAL-TIME DATA PROCESSING
10 APPLICATIONS OF AUTOMATED GUIDED VEHICLES
10.1 INTRODUCTION
10.2 PICK & PLACE
10.3 PACKAGING & PALLETIZING
10.4 ASSEMBLY & STORAGE
11 AUTOMATED GUIDED VEHICLE MARKET, BY PAYLOAD CAPACITY
11.1 INTRODUCTION
11.2 LIGHT-DUTY AGVS
11.2.1 FLEXIBILITY AND COST-EFFECTIVENESS IN HANDLING SMALL LOADS
TO SUPPORT MARKET GROWTH
11.3 MEDIUM-DUTY AGVS
11.3.1 ABILITY TO HANDLE MODERATE LOADS ACROSS DIVERSE INDUSTRIES
TO BOOST DEMAND
11.4 HEAVY-DUTY AGVS
11.4.1 CAPACITY TO HANDLE EXTREMELY HEAVY LOADS TO DRIVE
SEGMENTAL GROWTH
12 AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
12.1 INTRODUCTION
12.2 TOW VEHICLES
12.2.1 HEIGHTENED PRODUCTIVITY AND COST SAVINGS TO SUPPORT
MARKET GROWTH
12.3 UNIT LOAD CARRIERS
12.3.1 REDUCED LABOR COST AND OPERATIONAL EFFICIENCY TO BOOST DEMAND
12.4 PALLET TRUCKS
12.4.1 INCREASING USAGE IN AUTOMOTIVE, FAST-MOVING CONSUMER GOODS, AND FOOD & BEVERAGESS TO FUEL MARKET GROWTH
12.5 ASSEMBLY LINE VEHICLES
12.5.1 ECONOMIC VIABILITY THAN CHAIN-BASED CONVEYANCE SYSTEMS
TO DRIVE ADOPTION
12.6 FORKLIFT TRUCKS
12.6.1 RISING DEMAND IN FLOOR-TO-FLOOR AND FLOOR-TO-RACKING OPERATIONS TO FUEL SEGMENTAL GROWTH
12.7 OTHER TYPES
13 AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
13.1 INTRODUCTION
13.2 LASER GUIDANCE
13.2.1 ACCURACY AND FLEXIBILITY TO AUGMENT MARKET GROWTH
13.3 MAGNETIC GUIDANCE
13.3.1 EASY TO INSTALL, DURABILITY, AND RELIABILITY TO DRIVE ADOPTION
13.4 INDUCTIVE GUIDANCE
13.4.1 SUITABILITY FOR TOUGHEST INDUSTRIAL SETUPS TO INCREASE DEMAND
13.5 OPTICAL TAPE GUIDANCE
13.5.1 EASY AND CONVENIENT SOLUTION FOR AGVS TO FOSTER MARKET GROWTH
13.6 VISION GUIDANCE
13.6.1 RELIABILITY IN DYNAMIC ENVIRONMENTS AND MANEUVERABILITY
IN COMPLEX SPACES TO ACCELERATE MARKET GROWTH
13.7 OTHER NAVIGATION TECHNOLOGIES
14 AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY
14.1 INTRODUCTION
14.2 AUTOMOTIVE
14.2.1 GROWING DEMAND FOR AFTER-SALES SPARE PARTS TO DRIVE MARKET
14.3 METALS & HEAVY MACHINERY
14.3.1 DEPLOYMENT OF AGVS TO EASE WORKFLOW TO SPUR DEMAND
14.4 FOOD & BEVERAGES
14.4.1 RISING ADOPTION OF AGVS TO MEET INCREASING GLOBAL FOOD
DEMAND TO ACCELERATE MARKET GROWTH
14.5 CHEMICAL
14.5.1 WIDER TREND TOWARD AUTOMATION AND INDUSTRY 4.0 TO DRIVE MARKET
14.6 HEALTHCARE
14.6.1 INCREASING AND INNOVATIVE USE OF AGVS IN PATIENT CARE
TO FUEL MARKET GROWTH
14.7 3PL
14.7.1 RELIANCE ON AGVS FOR DAY-TO-DAY OPERATIONS TO FOSTER
MARKET GROWTH
14.8 SEMICONDUCTOR & ELECTRONICS
14.8.1 SURGING DEMAND FOR INEXPENSIVE, PORTABLE, AND FUNCTIONAL ELECTRONIC DEVICES TO PROPEL DEMAND
14.9 AVIATION
14.9.1 ESCALATING NEED TO STREAMLINE AEROSPACE MANUFACTURING
TO DRIVE MARKET
14.10 E-COMMERCE
14.10.1 ADOPTION OF AGVS FOR MATERIAL HANDLING OPERATIONS
TO FUEL MARKET GROWTH
14.11 OTHER INDUSTRIES
15 AUTOMATED GUIDED VEHICLE MARKET, BY REGION
15.1 INTRODUCTION
15.2 NORTH AMERICA
15.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
15.2.2 US
15.2.2.1 Presence of established automobile manufacturers with
warehousing facilities to fuel market growth
15.2.3 CANADA
15.2.3.1 Sustained automation in various industries to drive market
15.2.4 MEXICO
15.2.4.1 Well-established manufacturing sector to foster market growth
15.3 EUROPE
15.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
15.3.2 GERMANY
15.3.2.1 Skilled workforce and investments in R&D to spike demand
15.3.3 UK
15.3.3.1 Rising demand from automotive sector to stimulate market growth
15.3.4 FRANCE
15.3.4.1 Growing e-commerce industry to accelerate market growth
15.3.5 ITALY
15.3.5.1 Surging demand for advanced logistics and automation solutions
to propel market
15.3.6 SPAIN
15.3.6.1 Booming logistics industry and renewable energy to fuel market growth
15.3.7 NETHERLANDS
15.3.7.1 Efficient supply chain networks and state-of-the-art warehousing infrastructure to boost demand
15.3.8 REST OF EUROPE
15.4 ASIA PACIFIC
15.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
15.4.2 CHINA
15.4.2.1 Heightened demand for transportation, warehousing, and
logistics services to augment market growth
15.4.3 JAPAN
15.4.3.1 Escalating labor costs and broad industrial base to
support market growth
15.4.4 AUSTRALIA
15.4.4.1 Growing manufacturing and mining industries to spike demand
15.4.5 SOUTH KOREA
15.4.5.1 Increasing presence of global AGV companies to drive market
15.4.6 INDIA
15.4.6.1 Growing population, strong domestic demand, and sustainable economic growth to create opportunities
15.4.7 MALAYSIA
15.4.7.1 Growing demand for innovative logistics solutions to
support market growth
15.4.8 INDONESIA
15.4.8.1 Rapid industrial development to fuel market growth
15.4.9 SINGAPORE
15.4.9.1 Advanced technology and infrastructure to propel market growth
15.4.10 THAILAND
15.4.10.1 Manufacturing expansion and infrastructure growth to drive market
15.4.11 REST OF ASIA PACIFIC
15.5 ROW
15.5.1 MACROECONOMIC OUTLOOK FOR ROW
15.5.2 MIDDLE EAST
15.5.2.1 GCC
15.5.2.1.1 Saudi Arabia
15.5.2.1.1.1 Rising focus on economic diversification under Vision 2030 to foster market growth
15.5.2.1.2 UAE
15.5.2.1.2.1 Heightened demand for transportation, warehousing, and logistics services to augment market growth
15.5.2.1.3 Rest of GCC
15.5.2.2 Rest of Middle East
15.5.2.3 South America
15.5.2.3.1 Government support for automation in Food & beveragess industry to support market growth
15.5.2.4 Africa
15.5.2.4.1 Rising adoption of warehouse automation solutions in various industries to increase AGV adoption
16 COMPETITIVE LANDSCAPE
16.1 INTRODUCTION
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
16.3 REVENUE ANALYSIS, 2019–2023
16.4 MARKET SHARE ANALYSIS, 2023
16.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
16.6 BRAND/PRODUCT COMPARISON
16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
16.7.1 STARS
16.7.2 EMERGING LEADERS
16.7.3 PERVASIVE PLAYERS
16.7.4 PARTICIPANTS
16.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
16.7.5.1 Company footprint
16.7.5.2 Region footprint
16.7.5.3 Navigation technology footprint
16.7.5.4 Type footprint
16.7.5.5 Industry footprint
16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
16.8.1 PROGRESSIVE COMPANIES
16.8.2 RESPONSIVE COMPANIES
16.8.3 DYNAMIC COMPANIES
16.8.4 STARTING BLOCKS
16.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
16.8.5.1 Detailed list of key startups/SMEs
16.8.5.2 Competitive benchmarking of key startups/SMEs
16.9 COMPETITIVE SCENARIO
16.9.1 PRODUCT LAUNCHES
16.9.2 DEALS
16.9.3 EXPANSIONS
16.9.4 OTHER DEVELOPMENTS
17 COMPANY PROFILES
17.1 KEY PLAYERS
17.1.1 DAIFUKU CO., LTD.
17.1.1.1 Business overview
17.1.1.2 Products/Solutions/Services offered
17.1.1.3 Recent developments
17.1.1.3.1 Deals
17.1.1.3.2 Expansions
17.1.1.4 MnM view
17.1.1.4.1 Key strengths
17.1.1.4.2 Strategic choices
17.1.1.4.3 Weaknesses and competitive threats
17.1.2 JBT
17.1.2.1 Business overview
17.1.2.2 Products/Solutions/Services offered
17.1.2.3 Recent developments
17.1.2.3.1 Product launches
17.1.2.4 MnM view
17.1.2.4.1 Key strengths
17.1.2.4.2 Strategic choices
17.1.2.4.3 Weaknesses and competitive threats
17.1.3 KION GROUP AG
17.1.3.1 Business overview
17.1.3.2 Products/Solutions/Services offered
17.1.3.3 Recent developments
17.1.3.3.1 Expansions
17.1.3.4 MnM view
17.1.3.4.1 Key strengths
17.1.3.4.2 Strategic choices
17.1.3.4.3 Weaknesses and competitive threats
17.1.4 TOYOTA INDUSTRIES CORPORATION
17.1.4.1 Business overview
17.1.4.2 Products/Solutions/Services offered
17.1.4.3 Recent developments
17.1.4.3.1 Product launches
17.1.4.3.2 Deals
17.1.4.4 MnM view
17.1.4.4.1 Key strengths
17.1.4.4.2 Strategic choices
17.1.4.4.3 Weaknesses and competitive threats
17.1.5 KUKA AG
17.1.5.1 Business overview
17.1.5.2 Products/Solutions/Services offered
17.1.5.3 Recent developments
17.1.5.3.1 Product launches
17.1.5.3.2 Deals
17.1.5.3.3 Other developments
17.1.5.4 MnM view
17.1.5.4.1 Key strengths
17.1.5.4.2 Strategic choices
17.1.5.4.3 Weaknesses and competitive threats
17.1.6 SCOTT
17.1.6.1 Business overview
17.1.6.2 Products/Solutions/Services offered
17.1.6.3 Recent developments
17.1.6.3.1 Deals
17.1.7 SSI SCHAEFER
17.1.7.1 Business overview
17.1.7.2 Products/Solutions/Services offered
17.1.7.3 Recent developments
17.1.7.3.1 Deals
17.1.7.3.2 Other developments
17.1.8 HYSTER-YALE MATERIALS HANDLING, INC.
17.1.8.1 Business overview
17.1.8.2 Products/Solutions/Services offered
17.1.8.3 Recent developments
17.1.8.3.1 Developments
17.1.9 EK ROBOTICS GMBH
17.1.9.1 Business overview
17.1.9.2 Products/Solutions/Services offered
17.1.9.3 Recent developments
17.1.9.3.1 Product launches
17.1.9.3.2 Deals
17.1.9.3.3 Expansions
17.1.10 MEIDENSHA CORPORATION
17.1.10.1 Business overview
17.1.10.2 Products/Solutions/Services offered
17.1.10.3 Recent developments
17.1.10.3.1 Product launches
17.1.11 MITSUBISHI LOGISNEXT CO., LTD
17.1.11.1 Business overview
17.1.11.2 Products/Solutions/Services offered
17.1.11.3 Recent developments
17.1.11.3.1 Expansions
17.1.12 OCEANEERING INTERNATIONAL, INC.
17.1.12.1 Business overview
17.1.12.2 Products/Solutions/Services offered
17.1.12.3 Recent developments
17.1.12.3.1 Product launches
17.1.12.3.2 Deals
17.1.12.3.3 Expansions
17.1.12.3.4 Other developments
17.2 OTHER PLAYERS
17.2.1 AIM
17.2.2 ASSECO CEIT, A.S.
17.2.3 SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.
17.2.4 JIANGXI DANBAHE ROBOT CO., LTD.
17.2.5 E80 GROUP S.P.A.
17.2.6 GLOBAL AGV
17.2.7 GRENZEBACH GROUP
17.2.8 IDC CORPORATION
17.2.9 NANCHANG IKWELL ROBOTICS CO., LTD.
17.2.10 SAFELOG GMBH
17.2.11 SIMPLEX ROBOTICS PVT. LTD.
17.2.12 SYSTEM LOGISTICS S.P.A.
17.2.13 BALYO SA
17.2.14 SHENZHEN MIRCOLOMAY TECHNOLOGY CO., LTD.
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primary interviews
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET
4.2 AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
4.3 AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
4.4 AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY
4.5 AUTOMATED GUIDED VEHICLE MARKET IN NORTH AMERICA, BY INDUSTRY
AND COUNTRY
4.6 AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising demand for automation solutions in various industries
5.2.1.2 Increasing focus on enhancing workplace safety
5.2.1.3 Marked shift to mass customization from mass production
5.2.1.4 Growing demand for material handling technology
5.2.1.5 Rapid expansion of e-commerce industry
5.2.2 RESTRAINTS
5.2.2.1 High installation, maintenance, and switching costs
5.2.2.2 Growing preference for mobile robots over AGVs
5.2.2.3 Issues with infrastructure compatibility in developing countries
5.2.3 OPPORTUNITIES
5.2.3.1 Growing implementation of Industry 4.0 technologies
in warehousing sector
5.2.3.2 Increasing focus on industrial automation by SMEs
5.2.3.3 Substantial growth of industrial sector in emerging economies
5.2.3.4 Rapidly growing intralogistics sector in Southeast Asia
5.2.3.5 Constant technological innovations to enhance AGV capabilities
5.2.4 CHALLENGES
5.2.4.1 Low labor costs restricting adoption in emerging economies
5.2.4.2 Technical challenges and downtime in operations
5.3 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 INDICATIVE PRICING OF FORKLIFT TRUCKS OFFERED BY KEY PLAYERS, 2023
5.5.2 AVERAGE SELLING PRICE TREND FOR AGVS, BY TYPE, 2020–2023
5.5.3 AVERAGE SELLING PRICE TREND FOR AGVS, BY REGION, 2020–2023
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Artificial intelligence
5.8.1.2 Machine learning
5.8.2 ADJACENT TECHNOLOGIES
5.8.2.1 Internet of Things
5.8.2.2 5G
5.8.3 COMPLEMENTARY TECHNOLOGIES
5.8.3.1 Collaborative robots
5.8.3.2 Digital twin technology
5.9 PORTER'S FIVE FORCES ANALYSIS
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.10.2 BUYING CRITERIA
5.11 CASE STUDY ANALYSIS
5.11.1 MASTERMOVER'S AGV ACCELERATES EFFICIENCY AT TOYOTA
MOTOR MANUFACTURING
5.11.2 IMPLEMENTATION OF AGV & PALLETISING SYSTEM FOR KILCOY
PASTORAL COMPANY
5.11.3 SCOTT AUTOMATION’S ADVANCED AGV AND PALLETISING SYSTEM
ENHANCE EFFICIENCY OF KILCOY PASTORAL COMPANY
5.11.4 AGV-BASED INSTRUMENTAL PANEL ASSEMBLY LINE ENHANCES
EFFICIENCY AT JAGUAR LAND ROVER SLOVAKIA
5.11.5 E80 GROUP IMPLEMENTS LGVS AT METSД TISSUE’S WAREHOUSES
TO IMPROVE OPERATIONAL PERFORMANCE
5.12 KEY CONFERENCES AND EVENTS, 2024–2025
5.13 TRADE ANALYSIS
5.13.1 IMPORT SCENARIO (HS CODE 842710)
5.13.2 EXPORT SCENARIO (HS CODE 842710)
5.14 PATENT ANALYSIS
5.15 REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15.2 STANDARDS
5.15.3 REGULATIONS
5.16 IMPACT OF AI ON AUTOMATED GUIDED VEHICLE MARKET
5.16.1 INTRODUCTION
5.16.2 IMPACT ON AUTOMATED GUIDED VEHICLE MARKET
5.16.3 TOP USE CASES AND MARKET POTENTIAL
6 EMERGING TECHNOLOGIES AND APPLICATIONS OF
AUTOMATED GUIDED VEHICLES
6.1 INTRODUCTION
6.2 EMERGING TECHNOLOGIES USED IN AUTOMATED GUIDED VEHICLES
6.2.1 LIDAR SENSORS
6.2.2 CAMERA VISION
6.2.3 DUAL-MODE AUTOMATED GUIDED VEHICLES
6.3 LATEST APPLICATIONS OF AUTOMATED GUIDED VEHICLES
6.3.1 HOSPITALS
6.3.2 THEME PARKS
6.3.3 AGRICULTURE
7 BATTERY TYPES AND CHARGING ALTERNATIVES FOR
AUTOMATED GUIDED VEHICLES
7.1 INTRODUCTION
7.2 TYPES OF BATTERIES USED IN AUTOMATED GUIDED VEHICLES
7.2.1 LEAD–ACID BATTERIES
7.2.2 LITHIUM–ION BATTERIES
7.2.3 NICKEL-BASED BATTERIES
7.2.4 OTHERS
7.3 BATTERY CHARGING ALTERNATIVES
7.3.1 AUTOMATIC AND OPPORTUNITY CHARGING
7.3.1.1 Wireless charging
7.3.2 BATTERY SWAP
7.3.2.1 Automatic battery swap
7.3.3 PLUG-IN CHARGING
7.3.3.1 Manual plug-in charging
7.3.3.2 Automatic plug-in charging
8 OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET
8.1 INTRODUCTION
8.2 HARDWARE
8.3 SOFTWARE AND SERVICES
9 RECENT TRENDS IN AUTOMATED GUIDED VEHICLES
9.1 INTRODUCTION
9.2 INTERNET OF THINGS CONNECTIVITY
9.3 ADOPTION OF COLLABORATIVE AGVS
9.4 SCALABILITY AND MODULAR DESIGN
9.5 ADVANCED NAVIGATION TECHNOLOGIES
9.6 ENERGY EFFICIENCY AND SUSTAINABILITY
9.7 INTEGRATION OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
9.8 EDGE COMPUTING FOR REAL-TIME DATA PROCESSING
10 APPLICATIONS OF AUTOMATED GUIDED VEHICLES
10.1 INTRODUCTION
10.2 PICK & PLACE
10.3 PACKAGING & PALLETIZING
10.4 ASSEMBLY & STORAGE
11 AUTOMATED GUIDED VEHICLE MARKET, BY PAYLOAD CAPACITY
11.1 INTRODUCTION
11.2 LIGHT-DUTY AGVS
11.2.1 FLEXIBILITY AND COST-EFFECTIVENESS IN HANDLING SMALL LOADS
TO SUPPORT MARKET GROWTH
11.3 MEDIUM-DUTY AGVS
11.3.1 ABILITY TO HANDLE MODERATE LOADS ACROSS DIVERSE INDUSTRIES
TO BOOST DEMAND
11.4 HEAVY-DUTY AGVS
11.4.1 CAPACITY TO HANDLE EXTREMELY HEAVY LOADS TO DRIVE
SEGMENTAL GROWTH
12 AUTOMATED GUIDED VEHICLE MARKET, BY TYPE
12.1 INTRODUCTION
12.2 TOW VEHICLES
12.2.1 HEIGHTENED PRODUCTIVITY AND COST SAVINGS TO SUPPORT
MARKET GROWTH
12.3 UNIT LOAD CARRIERS
12.3.1 REDUCED LABOR COST AND OPERATIONAL EFFICIENCY TO BOOST DEMAND
12.4 PALLET TRUCKS
12.4.1 INCREASING USAGE IN AUTOMOTIVE, FAST-MOVING CONSUMER GOODS, AND FOOD & BEVERAGESS TO FUEL MARKET GROWTH
12.5 ASSEMBLY LINE VEHICLES
12.5.1 ECONOMIC VIABILITY THAN CHAIN-BASED CONVEYANCE SYSTEMS
TO DRIVE ADOPTION
12.6 FORKLIFT TRUCKS
12.6.1 RISING DEMAND IN FLOOR-TO-FLOOR AND FLOOR-TO-RACKING OPERATIONS TO FUEL SEGMENTAL GROWTH
12.7 OTHER TYPES
13 AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY
13.1 INTRODUCTION
13.2 LASER GUIDANCE
13.2.1 ACCURACY AND FLEXIBILITY TO AUGMENT MARKET GROWTH
13.3 MAGNETIC GUIDANCE
13.3.1 EASY TO INSTALL, DURABILITY, AND RELIABILITY TO DRIVE ADOPTION
13.4 INDUCTIVE GUIDANCE
13.4.1 SUITABILITY FOR TOUGHEST INDUSTRIAL SETUPS TO INCREASE DEMAND
13.5 OPTICAL TAPE GUIDANCE
13.5.1 EASY AND CONVENIENT SOLUTION FOR AGVS TO FOSTER MARKET GROWTH
13.6 VISION GUIDANCE
13.6.1 RELIABILITY IN DYNAMIC ENVIRONMENTS AND MANEUVERABILITY
IN COMPLEX SPACES TO ACCELERATE MARKET GROWTH
13.7 OTHER NAVIGATION TECHNOLOGIES
14 AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY
14.1 INTRODUCTION
14.2 AUTOMOTIVE
14.2.1 GROWING DEMAND FOR AFTER-SALES SPARE PARTS TO DRIVE MARKET
14.3 METALS & HEAVY MACHINERY
14.3.1 DEPLOYMENT OF AGVS TO EASE WORKFLOW TO SPUR DEMAND
14.4 FOOD & BEVERAGES
14.4.1 RISING ADOPTION OF AGVS TO MEET INCREASING GLOBAL FOOD
DEMAND TO ACCELERATE MARKET GROWTH
14.5 CHEMICAL
14.5.1 WIDER TREND TOWARD AUTOMATION AND INDUSTRY 4.0 TO DRIVE MARKET
14.6 HEALTHCARE
14.6.1 INCREASING AND INNOVATIVE USE OF AGVS IN PATIENT CARE
TO FUEL MARKET GROWTH
14.7 3PL
14.7.1 RELIANCE ON AGVS FOR DAY-TO-DAY OPERATIONS TO FOSTER
MARKET GROWTH
14.8 SEMICONDUCTOR & ELECTRONICS
14.8.1 SURGING DEMAND FOR INEXPENSIVE, PORTABLE, AND FUNCTIONAL ELECTRONIC DEVICES TO PROPEL DEMAND
14.9 AVIATION
14.9.1 ESCALATING NEED TO STREAMLINE AEROSPACE MANUFACTURING
TO DRIVE MARKET
14.10 E-COMMERCE
14.10.1 ADOPTION OF AGVS FOR MATERIAL HANDLING OPERATIONS
TO FUEL MARKET GROWTH
14.11 OTHER INDUSTRIES
15 AUTOMATED GUIDED VEHICLE MARKET, BY REGION
15.1 INTRODUCTION
15.2 NORTH AMERICA
15.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
15.2.2 US
15.2.2.1 Presence of established automobile manufacturers with
warehousing facilities to fuel market growth
15.2.3 CANADA
15.2.3.1 Sustained automation in various industries to drive market
15.2.4 MEXICO
15.2.4.1 Well-established manufacturing sector to foster market growth
15.3 EUROPE
15.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
15.3.2 GERMANY
15.3.2.1 Skilled workforce and investments in R&D to spike demand
15.3.3 UK
15.3.3.1 Rising demand from automotive sector to stimulate market growth
15.3.4 FRANCE
15.3.4.1 Growing e-commerce industry to accelerate market growth
15.3.5 ITALY
15.3.5.1 Surging demand for advanced logistics and automation solutions
to propel market
15.3.6 SPAIN
15.3.6.1 Booming logistics industry and renewable energy to fuel market growth
15.3.7 NETHERLANDS
15.3.7.1 Efficient supply chain networks and state-of-the-art warehousing infrastructure to boost demand
15.3.8 REST OF EUROPE
15.4 ASIA PACIFIC
15.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
15.4.2 CHINA
15.4.2.1 Heightened demand for transportation, warehousing, and
logistics services to augment market growth
15.4.3 JAPAN
15.4.3.1 Escalating labor costs and broad industrial base to
support market growth
15.4.4 AUSTRALIA
15.4.4.1 Growing manufacturing and mining industries to spike demand
15.4.5 SOUTH KOREA
15.4.5.1 Increasing presence of global AGV companies to drive market
15.4.6 INDIA
15.4.6.1 Growing population, strong domestic demand, and sustainable economic growth to create opportunities
15.4.7 MALAYSIA
15.4.7.1 Growing demand for innovative logistics solutions to
support market growth
15.4.8 INDONESIA
15.4.8.1 Rapid industrial development to fuel market growth
15.4.9 SINGAPORE
15.4.9.1 Advanced technology and infrastructure to propel market growth
15.4.10 THAILAND
15.4.10.1 Manufacturing expansion and infrastructure growth to drive market
15.4.11 REST OF ASIA PACIFIC
15.5 ROW
15.5.1 MACROECONOMIC OUTLOOK FOR ROW
15.5.2 MIDDLE EAST
15.5.2.1 GCC
15.5.2.1.1 Saudi Arabia
15.5.2.1.1.1 Rising focus on economic diversification under Vision 2030 to foster market growth
15.5.2.1.2 UAE
15.5.2.1.2.1 Heightened demand for transportation, warehousing, and logistics services to augment market growth
15.5.2.1.3 Rest of GCC
15.5.2.2 Rest of Middle East
15.5.2.3 South America
15.5.2.3.1 Government support for automation in Food & beveragess industry to support market growth
15.5.2.4 Africa
15.5.2.4.1 Rising adoption of warehouse automation solutions in various industries to increase AGV adoption
16 COMPETITIVE LANDSCAPE
16.1 INTRODUCTION
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
16.3 REVENUE ANALYSIS, 2019–2023
16.4 MARKET SHARE ANALYSIS, 2023
16.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
16.6 BRAND/PRODUCT COMPARISON
16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
16.7.1 STARS
16.7.2 EMERGING LEADERS
16.7.3 PERVASIVE PLAYERS
16.7.4 PARTICIPANTS
16.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
16.7.5.1 Company footprint
16.7.5.2 Region footprint
16.7.5.3 Navigation technology footprint
16.7.5.4 Type footprint
16.7.5.5 Industry footprint
16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
16.8.1 PROGRESSIVE COMPANIES
16.8.2 RESPONSIVE COMPANIES
16.8.3 DYNAMIC COMPANIES
16.8.4 STARTING BLOCKS
16.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
16.8.5.1 Detailed list of key startups/SMEs
16.8.5.2 Competitive benchmarking of key startups/SMEs
16.9 COMPETITIVE SCENARIO
16.9.1 PRODUCT LAUNCHES
16.9.2 DEALS
16.9.3 EXPANSIONS
16.9.4 OTHER DEVELOPMENTS
17 COMPANY PROFILES
17.1 KEY PLAYERS
17.1.1 DAIFUKU CO., LTD.
17.1.1.1 Business overview
17.1.1.2 Products/Solutions/Services offered
17.1.1.3 Recent developments
17.1.1.3.1 Deals
17.1.1.3.2 Expansions
17.1.1.4 MnM view
17.1.1.4.1 Key strengths
17.1.1.4.2 Strategic choices
17.1.1.4.3 Weaknesses and competitive threats
17.1.2 JBT
17.1.2.1 Business overview
17.1.2.2 Products/Solutions/Services offered
17.1.2.3 Recent developments
17.1.2.3.1 Product launches
17.1.2.4 MnM view
17.1.2.4.1 Key strengths
17.1.2.4.2 Strategic choices
17.1.2.4.3 Weaknesses and competitive threats
17.1.3 KION GROUP AG
17.1.3.1 Business overview
17.1.3.2 Products/Solutions/Services offered
17.1.3.3 Recent developments
17.1.3.3.1 Expansions
17.1.3.4 MnM view
17.1.3.4.1 Key strengths
17.1.3.4.2 Strategic choices
17.1.3.4.3 Weaknesses and competitive threats
17.1.4 TOYOTA INDUSTRIES CORPORATION
17.1.4.1 Business overview
17.1.4.2 Products/Solutions/Services offered
17.1.4.3 Recent developments
17.1.4.3.1 Product launches
17.1.4.3.2 Deals
17.1.4.4 MnM view
17.1.4.4.1 Key strengths
17.1.4.4.2 Strategic choices
17.1.4.4.3 Weaknesses and competitive threats
17.1.5 KUKA AG
17.1.5.1 Business overview
17.1.5.2 Products/Solutions/Services offered
17.1.5.3 Recent developments
17.1.5.3.1 Product launches
17.1.5.3.2 Deals
17.1.5.3.3 Other developments
17.1.5.4 MnM view
17.1.5.4.1 Key strengths
17.1.5.4.2 Strategic choices
17.1.5.4.3 Weaknesses and competitive threats
17.1.6 SCOTT
17.1.6.1 Business overview
17.1.6.2 Products/Solutions/Services offered
17.1.6.3 Recent developments
17.1.6.3.1 Deals
17.1.7 SSI SCHAEFER
17.1.7.1 Business overview
17.1.7.2 Products/Solutions/Services offered
17.1.7.3 Recent developments
17.1.7.3.1 Deals
17.1.7.3.2 Other developments
17.1.8 HYSTER-YALE MATERIALS HANDLING, INC.
17.1.8.1 Business overview
17.1.8.2 Products/Solutions/Services offered
17.1.8.3 Recent developments
17.1.8.3.1 Developments
17.1.9 EK ROBOTICS GMBH
17.1.9.1 Business overview
17.1.9.2 Products/Solutions/Services offered
17.1.9.3 Recent developments
17.1.9.3.1 Product launches
17.1.9.3.2 Deals
17.1.9.3.3 Expansions
17.1.10 MEIDENSHA CORPORATION
17.1.10.1 Business overview
17.1.10.2 Products/Solutions/Services offered
17.1.10.3 Recent developments
17.1.10.3.1 Product launches
17.1.11 MITSUBISHI LOGISNEXT CO., LTD
17.1.11.1 Business overview
17.1.11.2 Products/Solutions/Services offered
17.1.11.3 Recent developments
17.1.11.3.1 Expansions
17.1.12 OCEANEERING INTERNATIONAL, INC.
17.1.12.1 Business overview
17.1.12.2 Products/Solutions/Services offered
17.1.12.3 Recent developments
17.1.12.3.1 Product launches
17.1.12.3.2 Deals
17.1.12.3.3 Expansions
17.1.12.3.4 Other developments
17.2 OTHER PLAYERS
17.2.1 AIM
17.2.2 ASSECO CEIT, A.S.
17.2.3 SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.
17.2.4 JIANGXI DANBAHE ROBOT CO., LTD.
17.2.5 E80 GROUP S.P.A.
17.2.6 GLOBAL AGV
17.2.7 GRENZEBACH GROUP
17.2.8 IDC CORPORATION
17.2.9 NANCHANG IKWELL ROBOTICS CO., LTD.
17.2.10 SAFELOG GMBH
17.2.11 SIMPLEX ROBOTICS PVT. LTD.
17.2.12 SYSTEM LOGISTICS S.P.A.
17.2.13 BALYO SA
17.2.14 SHENZHEN MIRCOLOMAY TECHNOLOGY CO., LTD.
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
