Automated Guided Vehicle Market By Type (Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided), By Application (Logistics and Assembly and Packaging), By End Use Industry (Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others), and By Region - Trends, Analysis, and Forecast till 2030

The automated guided vehicle market accounted for USD 5.43 Billion in 2020 and is estimated to be USD 24.05 Billion by 2030 and is anticipated to register a CAGR of 16.2%.

An automated guided vehicle (AGV) is a portable machines/robot that follows the marked lines on the floor using radio waves, cameras, navigations etc. They are most often used in industries for moving heavy materials. AGV are used in a wide variety of applications for moving materials from one point to another such as pallets, rolls, racks, carts, and containers. These are fully automatic machines/robots in warehouses without manual intervention or permanent conveying systems. The AGV can detect obstacles in front of it, but it is not able to navigate around them, so it simply stops in its tracks until the obstacles is removed. There are different manufacturers in the AGV market includes Amazon Robotics, Amerden, JBT corporation etc. AGV are important operators in various sectors such as military & defense, aerospace, material handling, food & beverage etc.

Rising demand of automated machines in different sectors

AGVs has shown are considerable solution for material handling which in turn increases production capacity of industries. AGVs are adopted in almost all industries such as logistics, manufacturing, and others, are further driving factors for the growth of the target market. Moreover, easy usage of such machines without any labor and driven with navigation are some of the features that rises the demand thereby, drives the growth of the market.

However, high cost and maintenance of such automatic machines is expected to hamper the growth of the market.

Automated guided vehicle market is segmented based on type, technology application, end use industry and region.

On the basis of type, the automated guided vehicle market is segmented into tow vehicle, unit load carrier, pallet truck, forklift truck, and others. Based on technology, the target market is segmented into laser guidance, magnetic guidance, natural navigation, and vision guided. On the basis of application, the target market is segmented into logistics, assembly and packaging. On the basis of end use industry, the target market is further divided into automotive, manufacturing, food & beverage, aerospace, healthcare, retail, and others.

Regional Insights:

Automated guided vehicle market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. On region the automated guided vehicle market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the largest segment for automated guided vehicle market in terms of region. This is because of industrial revolution, technological advancement, changing perception etc. are some of the factors that drives the growth of the market in this region. Asia Pacific and Europe is projected to witnesses largest revenue during forecast period.

Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the automated guided vehicle market report based on type, technology, application, end use industry and region.

Automated Guided Vehicle Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • FranceRussia
    • Italy
    • Rest of Europe
  • U.S.Ca
  • nada

The key players operating in the automated guided vehicle market includes Swisslog Holding AG, Daifuku Co. Ltd., Egemin Automation Inc., Bastian Solutions Inc., Toyota Industries Corporation, Dematic Corp., JBT Corporation, Seegrid Corporation, Hyster-Yale Group Inc., Balyo Inc., Kollmorgen Corporation, and E&K Automation GMBH.

• Swisslog Holding AG
• Daifuku Co. Ltd.
• Egemin Automation Inc.
• Bastian Solutions Inc.
• Toyota Industries Corp.
• Dematic Corp.
• JBT Corp.
• Seegrid Corp.
• Hyster- Yale Group Inc.
• Balyo Inc.
• Kollmorgen Corp.
• E&K Automation GmbH