Automated Guided Vehicle Market Synopsis:

Automated Guided Vehicle Market Size Was Valued at USD 2.50 Billion in 2023, and is Projected to Reach USD 4.63 Billion by 2032, Growing at a CAGR of 7.10% From 2024-2032.

The AGV market concerns autonomous vehicular systems for material logistics, integrated with technologies such as sensors, cameras, and navigation. These vehicles are employed to enhance the client’s material flow, enhance his process, and lower the expenses of manpower respectively in various sectors including manufacture, distribution & supply, retail, and healthcare among others. AGVs operate on fixed paths requiring no operation by operators making them very necessary in industries that embrace automation.

The increase in the demand for safer and cost-effective methods of handling materials both in manufacturing sectors, retail business and logisticians has been cited as a key factor that will drive the demand for AGV. AGVs can greatly improve production processes by decreasing the need for direct human action and thereby lowering the chance of mistakes while at the same time improving the organization of operations. AGVs are currently being embraced in supply chain networks because of the flexibility they offer as well as cost effectiveness.

Technological features such as navigation LiDAR, natural navigation, or artificial intelligence are creating high growth rates among AGVs. Also, intense shortage of labor especially in the manufacturing and logistical centers has made businesses to integrate more of automatic equipment due to increased operational challenges.

Automated Guided Vehicle Market

Automated Guided Vehicle Market Trend Analysis:

Combination of Artificial Intelligence and internet of things in AGVs

  • The AGVs are incorporating both AI and IoT, which is significantly changing the market. The use of AI is important for carrying out predictive maintenance, analysing operation in real-time, and re-routing the AGVs as needed, on the other hand IoT comes handy in making communication between the AGVs and facility management systems possible. This trend is resulting into development of more intelligent automated systems.

  • It has done so due to the growing customer requirement for industry-specific customized and differently operated AGVs. Manufacturers are also launching new AGV models with diversified designs to serve sectors necessary for wearing protection for handling and transporting every-day items such as healthcare, e-commerce, and food and beverage products.

Expansion in Emerging Markets

  • Asia-Pacific and Latin America are consisting of the rapidly growing economies and therefore have high growth potential for AGV market. These regions are experiencing growing levels of Industrial Automation investments due to the triple fast-growing e-Commerce, Manufacturing, and Logistic industries. It is worth to mention that numerous government policies promoting Industry 4.0 and smart factory are adding to AGV uptake.

  • AGV are gradually becoming affordable for SMEs to acquire due to the ever-reducing costs and accessibility of leasing. Companies are turning to AGVs to become more competitive and efficient when compared to big companies by becoming the new generation demand area for SMEs.

Automated Guided Vehicle Market Segment Analysis:

Automated Guided Vehicle Market is Segmented on the basis of Type, Application, End User, and Region.

By Type, Tow Vehicles segment is expected to dominate the market during the forecast period

  • By analyzing the design and functions of Automated Guided Vehicles (AGVs), it becomes clear that they can be categorized into different types based on their specific applications. Two types of AGVs are specifically designed to tow carts or trailers, making them ideal for transporting multiple loads efficiently across facilities. On the other hand, Unit Load Carriers are specialized in handling and moving single, large-volume loads, providing a reliable solution for heavy-duty material transport.

  • Pallet Trucks are another type of AGV, perfectly suited for transporting palletized loads within warehouse environments, enhancing operational speed and safety. Assembly Line Vehicles are designed to move parts and components along production lines, ensuring a steady flow of materials during the manufacturing process. Forklift Trucks stand out as highly versatile AGVs, capable of both lifting and transporting loads, making them indispensable assets in warehouses and logistics operations.

By Application, Transportation segment expected to held the largest share

  • Automated Guided Vehicles (AGVs) are widely utilized across numerous industries due to their ability to efficiently fulfill a variety of essential functions. In the area of transportation, AGVs facilitate the seamless movement of materials within a facility, thereby improving workflow and reducing manual labor. Within distribution operations, AGVs significantly enhance APICS principles by automating the management of stock, improving inventory accuracy, and streamlining order fulfillment processes. Their application in storage is particularly advantageous, as AGVs are engineered to guarantee a high density of storage utilization, minimize space requirements, and virtually eliminate common human errors.

  • AGVs are increasingly relied upon in assembly processes, where high levels of precision, reliability, and speed are critical to maintaining production standards. Their integration into these processes ensures greater consistency, improved product quality, and reduced operational costs, making them an indispensable part of modern industrial automation.

Automated Guided Vehicle Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

  • AGV is a significantly globalized industry today and Europe currently represents the largest consumer. This dominance is due to a much higher usage of automation technologies especially in automotive industries, manufacturing and logistic industries. Besides, factors such as labor protection legislation and employee’s safety concerns are also pushing the demand of AGV in regional area. For instance, we have Germany France and the UK which are the most advance in the industry 4.0 applications and smart factory development.

  • AGV technologies are on the frontier in Europe and are backed by exceptional R&D undertakings and incentives from the European governments. The availability of large players in addition to increased demand for cheaper material handling systems reaffirms Europe’s dominance in the AGV market.

Active Key Players in the Automated Guided Vehicle Market:

  • BALYO (France)
  • Bastian Solutions (United States)
  • Daifuku Co., Ltd. (Japan)
  • E&K Automation (Germany)
  • JBT Corporation (United States)
  • KION Group (Germany)
  • Muratec (Japan)
  • Seegrid Corporation (United States)
  • SSI Schaefer (Germany)
  • Toyota Industries Corporation (Japan), and Other Active Players

Automated Guided Vehicle Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.50 Billion

Forecast Period 2024-32 CAGR:

7.10 %

Market Size in 2032:

USD 4.63 Billion

Segments Covered:

By Type

  • Two Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Trucks

By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Vision Guidance
  • Inductive Guidance
  • Natural Navigation

By Application

  • Transportation
  • Distribution
  • Storage
  • Assembly

Industry Vertical

  • Automotive
  • Manufacturing
  • Retail
  • Logistics & Warehousing
  • Healthcare
  • Food & Beverage
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Advanced Technologies and Labor Shortages: Catalysts for AGV Growth

Key Market Restraints:

  • Technical Complexities and Maintenance Challenges

Key Opportunities:

  • Empowering SMEs with Affordable and Scalable AGV Solutions

Companies Covered in the report:

  • BALYO (France), Bastian Solutions (United States), Daifuku Co., Ltd. (Japan), E&K Automation (Germany), JBT Corporation (United States), and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Automated Guided Vehicle Market by Type
 4.1 Automated Guided Vehicle Market Snapshot and Growth Engine
 4.2 Automated Guided Vehicle Market Overview
 4.3 Tow Vehicles
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Tow Vehicles: Geographic Segmentation Analysis
 4.4 Unit Load Carriers
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Unit Load Carriers: Geographic Segmentation Analysis
 4.5 Pallet Trucks
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Pallet Trucks: Geographic Segmentation Analysis
 4.6 Assembly Line Vehicles
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Assembly Line Vehicles: Geographic Segmentation Analysis
 4.7 Forklift Trucks
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Forklift Trucks: Geographic Segmentation Analysis

Chapter 5: Automated Guided Vehicle Market by Navigation Technology
 5.1 Automated Guided Vehicle Market Snapshot and Growth Engine
 5.2 Automated Guided Vehicle Market Overview
 5.3 Laser Guidance
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Laser Guidance: Geographic Segmentation Analysis
 5.4 Magnetic Guidance
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Magnetic Guidance: Geographic Segmentation Analysis
 5.5 Vision Guidance
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Vision Guidance: Geographic Segmentation Analysis
 5.6 Inductive Guidance
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Inductive Guidance: Geographic Segmentation Analysis
 5.7 Natural Navigation
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Natural Navigation: Geographic Segmentation Analysis

Chapter 6: Automated Guided Vehicle Market by Application
 6.1 Automated Guided Vehicle Market Snapshot and Growth Engine
 6.2 Automated Guided Vehicle Market Overview
 6.3 Transportation
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Transportation: Geographic Segmentation Analysis
 6.4 Distribution
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Distribution: Geographic Segmentation Analysis
 6.5 Storage
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Storage: Geographic Segmentation Analysis
 6.6 Assembly
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Assembly: Geographic Segmentation Analysis

Chapter 7: Automated Guided Vehicle Market by Industry Vertical
 7.1 Automated Guided Vehicle Market Snapshot and Growth Engine
 7.2 Automated Guided Vehicle Market Overview
 7.3 Automotive
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Automotive: Geographic Segmentation Analysis
 7.4 Manufacturing
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Manufacturing: Geographic Segmentation Analysis
 7.5 Retail
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Retail: Geographic Segmentation Analysis
 7.6 Logistics & Warehousing
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Logistics & Warehousing: Geographic Segmentation Analysis
 7.7 Healthcare
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Healthcare: Geographic Segmentation Analysis
 7.8 Food & Beverage
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Food & Beverage: Geographic Segmentation Analysis
 7.9 Others
  7.9.1 Introduction and Market Overview
  7.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.9.3 Key Market Trends, Growth Factors and Opportunities
  7.9.4 Others: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Automated Guided Vehicle Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions  
 8.2 TOYOTA INDUSTRIES CORPORATION (JAPAN)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 KION GROUP (GERMANY)
 8.4 DAIFUKU CO. LTD. (JAPAN)
 8.5 JBT CORPORATION (UNITED STATES)
 8.6 MURATEC (JAPAN)
 8.7 SSI SCHAEFER (GERMANY)
 8.8 E&K AUTOMATION (GERMANY)
 8.9 SEEGRID CORPORATION (UNITED STATES)
 8.10 BALYO (FRANCE)
 8.11 BASTIAN SOLUTIONS (UNITED STATES)
 8.12 OTHER ACTIVE PLAYERS

Chapter 9: Global Automated Guided Vehicle Market By Region
 9.1 Overview
9.2. North America Automated Guided Vehicle Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Type
  9.2.4.1 Tow Vehicles
  9.2.4.2 Unit Load Carriers
  9.2.4.3 Pallet Trucks
  9.2.4.4 Assembly Line Vehicles
  9.2.4.5 Forklift Trucks
  9.2.5 Historic and Forecasted Market Size By Navigation Technology
  9.2.5.1 Laser Guidance
  9.2.5.2 Magnetic Guidance
  9.2.5.3 Vision Guidance
  9.2.5.4 Inductive Guidance
  9.2.5.5 Natural Navigation
  9.2.6 Historic and Forecasted Market Size By Application
  9.2.6.1 Transportation
  9.2.6.2 Distribution
  9.2.6.3 Storage
  9.2.6.4 Assembly
  9.2.7 Historic and Forecasted Market Size By Industry Vertical
  9.2.7.1 Automotive
  9.2.7.2 Manufacturing
  9.2.7.3 Retail
  9.2.7.4 Logistics & Warehousing
  9.2.7.5 Healthcare
  9.2.7.6 Food & Beverage
  9.2.7.7 Others
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
9.3. Eastern Europe Automated Guided Vehicle Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Type
  9.3.4.1 Tow Vehicles
  9.3.4.2 Unit Load Carriers
  9.3.4.3 Pallet Trucks
  9.3.4.4 Assembly Line Vehicles
  9.3.4.5 Forklift Trucks
  9.3.5 Historic and Forecasted Market Size By Navigation Technology
  9.3.5.1 Laser Guidance
  9.3.5.2 Magnetic Guidance
  9.3.5.3 Vision Guidance
  9.3.5.4 Inductive Guidance
  9.3.5.5 Natural Navigation
  9.3.6 Historic and Forecasted Market Size By Application
  9.3.6.1 Transportation
  9.3.6.2 Distribution
  9.3.6.3 Storage
  9.3.6.4 Assembly
  9.3.7 Historic and Forecasted Market Size By Industry Vertical
  9.3.7.1 Automotive
  9.3.7.2 Manufacturing
  9.3.7.3 Retail
  9.3.7.4 Logistics & Warehousing
  9.3.7.5 Healthcare
  9.3.7.6 Food & Beverage
  9.3.7.7 Others
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Russia
  9.3.8.2 Bulgaria
  9.3.8.3 The Czech Republic
  9.3.8.4 Hungary
  9.3.8.5 Poland
  9.3.8.6 Romania
  9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Automated Guided Vehicle Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Type
  9.4.4.1 Tow Vehicles
  9.4.4.2 Unit Load Carriers
  9.4.4.3 Pallet Trucks
  9.4.4.4 Assembly Line Vehicles
  9.4.4.5 Forklift Trucks
  9.4.5 Historic and Forecasted Market Size By Navigation Technology
  9.4.5.1 Laser Guidance
  9.4.5.2 Magnetic Guidance
  9.4.5.3 Vision Guidance
  9.4.5.4 Inductive Guidance
  9.4.5.5 Natural Navigation
  9.4.6 Historic and Forecasted Market Size By Application
  9.4.6.1 Transportation
  9.4.6.2 Distribution
  9.4.6.3 Storage
  9.4.6.4 Assembly
  9.4.7 Historic and Forecasted Market Size By Industry Vertical
  9.4.7.1 Automotive
  9.4.7.2 Manufacturing
  9.4.7.3 Retail
  9.4.7.4 Logistics & Warehousing
  9.4.7.5 Healthcare
  9.4.7.6 Food & Beverage
  9.4.7.7 Others
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 The Netherlands
  9.4.8.5 Italy
  9.4.8.6 Spain
  9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Automated Guided Vehicle Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Type
  9.5.4.1 Tow Vehicles
  9.5.4.2 Unit Load Carriers
  9.5.4.3 Pallet Trucks
  9.5.4.4 Assembly Line Vehicles
  9.5.4.5 Forklift Trucks
  9.5.5 Historic and Forecasted Market Size By Navigation Technology
  9.5.5.1 Laser Guidance
  9.5.5.2 Magnetic Guidance
  9.5.5.3 Vision Guidance
  9.5.5.4 Inductive Guidance
  9.5.5.5 Natural Navigation
  9.5.6 Historic and Forecasted Market Size By Application
  9.5.6.1 Transportation
  9.5.6.2 Distribution
  9.5.6.3 Storage
  9.5.6.4 Assembly
  9.5.7 Historic and Forecasted Market Size By Industry Vertical
  9.5.7.1 Automotive
  9.5.7.2 Manufacturing
  9.5.7.3 Retail
  9.5.7.4 Logistics & Warehousing
  9.5.7.5 Healthcare
  9.5.7.6 Food & Beverage
  9.5.7.7 Others
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
9.6. Middle East & Africa Automated Guided Vehicle Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Type
  9.6.4.1 Tow Vehicles
  9.6.4.2 Unit Load Carriers
  9.6.4.3 Pallet Trucks
  9.6.4.4 Assembly Line Vehicles
  9.6.4.5 Forklift Trucks
  9.6.5 Historic and Forecasted Market Size By Navigation Technology
  9.6.5.1 Laser Guidance
  9.6.5.2 Magnetic Guidance
  9.6.5.3 Vision Guidance
  9.6.5.4 Inductive Guidance
  9.6.5.5 Natural Navigation
  9.6.6 Historic and Forecasted Market Size By Application
  9.6.6.1 Transportation
  9.6.6.2 Distribution
  9.6.6.3 Storage
  9.6.6.4 Assembly
  9.6.7 Historic and Forecasted Market Size By Industry Vertical
  9.6.7.1 Automotive
  9.6.7.2 Manufacturing
  9.6.7.3 Retail
  9.6.7.4 Logistics & Warehousing
  9.6.7.5 Healthcare
  9.6.7.6 Food & Beverage
  9.6.7.7 Others
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkiye
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
9.7. South America Automated Guided Vehicle Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Type
  9.7.4.1 Tow Vehicles
  9.7.4.2 Unit Load Carriers
  9.7.4.3 Pallet Trucks
  9.7.4.4 Assembly Line Vehicles
  9.7.4.5 Forklift Trucks
  9.7.5 Historic and Forecasted Market Size By Navigation Technology
  9.7.5.1 Laser Guidance
  9.7.5.2 Magnetic Guidance
  9.7.5.3 Vision Guidance
  9.7.5.4 Inductive Guidance
  9.7.5.5 Natural Navigation
  9.7.6 Historic and Forecasted Market Size By Application
  9.7.6.1 Transportation
  9.7.6.2 Distribution
  9.7.6.3 Storage
  9.7.6.4 Assembly
  9.7.7 Historic and Forecasted Market Size By Industry Vertical
  9.7.7.1 Automotive
  9.7.7.2 Manufacturing
  9.7.7.3 Retail
  9.7.7.4 Logistics & Warehousing
  9.7.7.5 Healthcare
  9.7.7.6 Food & Beverage
  9.7.7.7 Others
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
 

Automated Guided Vehicle Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 2.50 Billion

Forecast Period 2024-32 CAGR:

7.10 %

Market Size in 2032:

USD 4.63 Billion

Segments Covered:

By Type

  • Two Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Trucks

By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Vision Guidance
  • Inductive Guidance
  • Natural Navigation

By Application

  • Transportation
  • Distribution
  • Storage
  • Assembly

Industry Vertical

  • Automotive
  • Manufacturing
  • Retail
  • Logistics & Warehousing
  • Healthcare
  • Food & Beverage
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Advanced Technologies and Labor Shortages: Catalysts for AGV Growth

Key Market Restraints:

  • Technical Complexities and Maintenance Challenges

Key Opportunities:

  • Empowering SMEs with Affordable and Scalable AGV Solutions

Companies Covered in the report:

  • BALYO (France), Bastian Solutions (United States), Daifuku Co., Ltd. (Japan), E&K Automation (Germany), JBT Corporation (United States), and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Automated Guided Vehicle Market research report?
The forecast period in the Automated Guided Vehicle Market research report is 2024-2032.
Who are the key players in the Automated Guided Vehicle Market?
BALYO (France), Bastian Solutions (United States), Daifuku Co., Ltd. (Japan), E&K Automation (Germany), JBT Corporation (United States), KION Group (Germany), Muratec (Japan), Seegrid Corporation (United States), SSI Schaefer (Germany), Toyota Industries Corporation (Japan), and Other Active Players.
What are the segments of the Automated Guided Vehicle Market?
The Automated Guided Vehicle Market is segmented into Type, Application, End User, and Region. By Type, the market is categorized into Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks. By Navigation Technology, the market is categorized into Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, and Natural Navigation. By Application, the market is categorized into Transportation, Distribution, Storage, and Assembly. By Industry Vertical, the market is categorized into Automotive, Manufacturing, Retail, Logistics & Warehousing, Healthcare, Food & Beverage, and Others. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Automated Guided Vehicle Market?
The AGV market concerns autonomous vehicular systems for material logistics, integrated with technologies such as sensors, cameras, and navigation. These vehicles are employed to enhance the client’s material flow, enhance his process, and lower the expenses of manpower respectively in various sectors including manufacture, distribution & supply, retail, and healthcare among others. AGVs operate on fixed paths requiring no operation by operators making them very necessary in industries that embrace automation.
How big is the Automated Guided Vehicle Market?
Automated Guided Vehicle Market Size Was Valued at USD 2.50 Billion in 2023, and is Projected to Reach USD 4.63 Billion by 2032, Growing at a CAGR of 7.10% From 2024-2032.