Automated Guided Vehicle Market Forecast by 2032 for growth, survey, analysis, market share, and company profiles

The “Global Automated Guided Vehicle Market” research by Emergen Research is a thorough compilation of analytical data regarding the Automated Guided Vehicle sector. The research contains a market segmentation for Automated Guided Vehicle as well as a thorough evaluation of the market’s size (both in terms of volume and value). The study analyzes the present Automated Guided Vehicle market and provides a detailed prediction for the years 2022–2032.

The global Automated Guided Vehicle (AGV) market size was USD 4.80 Billion in 2022 and is expected to register a steady revenue CAGR of 10.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing usage of AGVs in the e-commerce industry and greater adoption of industry 4.0 technologies are key factors driving market revenue growth.

Automated Guided Vehicles (AGVs) are used in the e-commerce industry to automate the movement of goods within a warehouse or fulfillment center. AGVs can be used to transport products from storage racks to packing and shipping areas, where an order picker can retrieve items for an order. In addition, AGVs can be used to sort and separate products based on their destination or order type, improving the efficiency of the shipping process.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Swisslog Holding AG, Egemin Automation Inc., Bastian Solutions, LLC, Daifuku Co., Ltd., Dematic, JBT, Seegrid Corporation, TOYOTA INDUSTRIES CORPORATION, Hyster-Yale Materials Handling, Inc., and BALYO

Target Audience of the Global Automated Guided Vehicle Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Automated Guided Vehicle Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Automated Guided Vehicle market on the basis of product, application, and region:

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019-2032)
    • Hardware
    • Software
    • Service
  • Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)
    • Tow Vehicle
    • Forklift Truck
    • Pallet Truck
    • Hybrid Vehicles
    • Unit Load Carrier
    • Others
  • Navigation Technology Outlook (Revenue, USD Billion; 2019-2032)
    • Laser Guidance
    • Inductive Guidance
    • Vision Guidance
    • Magnetic Guidance
    • Natural Navigation
    • Others

Browse Full Report Description + Research Methodology + Table of Content + Infographics @

Some Key Highlights From the Report

  • The hardware segment is expected to account for largest revenue share over the forecast period. This is attributed to rising demand for advanced sensors such as Laser sensors, image sensors, and others in AGVs.
  • The tow vehicle segment accounted for largest revenue share in 2022. This is due to rising demand for small and sophisticated automated tow vehicles using software and sensors to navigate automatically.
  • The laser guidance segment accounted for largest revenue share in 2022. This can be attributed to increasing use of laser guidance systems to navigate with higher accuracy and precision.
  • The logistics and warehousing segment accounted for largest revenue share in 2022. This is due to increasing popularity of AGVs in logistics and warehousing that can be programmed to perform independently without much human intervention, which in turn, has risen demand for AGVs in logistics and warehouses.
  • The wholesale and distribution sector segment is expected to account for highest revenue share over the forecast period. Increasing popularity for new technologies such as Radio-Frequency Identification (RFID) that can be used in AGVs for inventory management.
  • The Europe market is expected to account for largest revenue share over the forecast period. This is due to increasing initiatives and conducive policies to facilitate smart manufacturing as well as support from the European Union (EU).
  • On 10 December 2020, JBT collaborated with Hyster-Yale to develop a dual-mode, double-deep pantograph reach truck. JBT provided 3D cameras and sensors that can improve accuracy, on-board automated navigation, and fleet management software for optimal efficiency to power Hyster-Dual-Mode Yale’s robotic reach truck. This truck can reach a double-deep storage of up to 30 feet and can operate in both manual and automatic modes, making it the perfect choice for distribution centers and other warehouses.

Additional information offered by the report:

  • Along with a complete overview of the global Automated Guided Vehicle market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Automated Guided Vehicle market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

Thank you for reading our report. Customization of the report is available according to the requirements of our clients. Kindly get in touch with us to know more about the customization options, and our team will ensure the report is tailored according to your needs. 

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.