The global Automated Guided Vehicle (AGV) market was valued at US$3,872million in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 10.6% between 2022 and 2029, mainly driven by the increasing demand for automation solutions in material handling processes across industries.
AGVs, that are controlled using software and sensor-based guidance systems, are primarily used to transport products along the floor of a facility.
AgileIntel’s global AGV market study is a 160 slide report containing in-depth analysis on historical and forecasted spending patterns in the sector. The study offers granular value data from a global, regional, vehicle type, and navigation perspective.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
Figure 1: Global Automated Guided Vehicle Market during 2018-2029 in US$ million
Key insights from the Global Automated Guided Vehicle report
Insights on Navigation:
The AGV market is classified into laser guidance, magnetic guidance, inductive guidance, vision guidance, natural navigation, and others, based on navigation.
The laser guidance segment dominated the market with a revenue share of over 36% in 2021. The technology conceptualizes the area and stores the guide path in the vehicle’s memory which can be easily amended and expanded whenever required.
The use of vision guidance technology is currently limited as it happens to be sensitive to light. However, it is anticipated to witness a steady growth during the forecast period, mainly due to their growing deployment in the warehouses and distribution centres. AGVs make use of camera-based vision together with Light Detection and Ranging (LiDAR) sensors and computer systems, to create a 3D image of the operational area that helps in the precise manoeuvring of production areas and warehouses.
Figure 2: Global Automated Guided Vehicle Market by Navigation in 2021
Insights on Vehicle Type:
The AGV market is classified into tow vehicle, parallel truck, unit load carrier, hybrid vehicles, forklift truck, and others, based on vehicle types.
The tow vehicle segment captured a sizeable share in the AGV market, accounting for a revenue share of over 41% in 2021, mainly due to the growing requirements for bulk movement of goods into and out of warehouse areas. The parallel truck segment is expected to grow at a CAGR of 14% during the forecast period, mainly due to the introduction of hand pallet trucks for material handling applications in warehouses.
Moreover, the unit load carrier segment is expected to grow significantly during the forecast period, mainly because these are highly efficient to carry pallets, large containers, and roll handling equipment. Additionally, it helps to schedule tasks efficiently by reducing aisle traffic and product damage.
Figure 3: Global Automated Guided Vehicle Market by Vehicle Type in 2021
Insights on Regional Growth:
Europe dominated the AGV market with a revenue share of 31.2% in 2021 and is expected to continue doing so during the forecast period. This can be attributed to the presence of major manufacturers and exporters of AGV in this region. Moreover, rising investments in advanced technologies in the manufacturing sector and increasing productivity of the automotive and logistics industries in the region is driving the demand for AGVs in the European market.
Meanwhile, Asia Pacific is estimated to witness remarkable growth with India and China being the key countries. The rapid growth of e-commerce has resulted in a large-scale deployment of AGVs in the warehouses. A good example is Flipkart’s deployment of 340 small AGVs at its warehouse in India, in 2019. Additionally, the rapidly growing manufacturing and automotive industries in the region are also expected to drive the demand for AGVs during the forecast period. The automotive industry uses AGVs mainly in the assembly lines for auto components, engines, and transmissions.
Figure 4: Global Automated Guided Vehicle Market by Region in 2021
Insights on Key Markets:
The U.S. AGV market is valued at US$537.5million in 2021. Just as in other countries, the uptick in the e-commerce industry is the primary growth driver. One of the biggest AGV projects in the country is the Warehouse Execution System (WES) launched by United Parcel Service (UPS), in partnership with supply chain solutions provider Softeon, in April 2020.
The AGV market in China was pegged at over US$191 million in 2021. The market is expected to grow rapidly during the forecast period, driven by growing e-commerce and automobile industries.
Figure 5: Global Alternative Guided Vehicle Market by Key Countries in 2021
Market dynamics
Trends
Drivers
Opportunities
Challenges
Impact of COVID-19
The COVID-19 pandemic has significantly impacted the global economy. Labor shortage and complete disruption of supply chain and logistics operations due to the government-imposed lockdowns forced many manufacturing industries to shut operations. However, the deployment of automation and robotics such as AGVs and autonomous mobile robots (AMRs) has helped businesses to sustain their production levels with minimum employee involvement. Logistics and warehouse AGVs have ensured continuity of services amidst the global lockdown.
Additionally, there has been a significant rise in the deployment of AGVs in hospitals during the COVID-19 pandemic,to deliver medicines to patients while reducing human interventions. For instance, in March 2020, Homagama Base Hospital in Sri Lanka deployed AGVs to treatCOVID-19 patients.
Scope of the Global Automated Guided Vehicle report
This report provides an analysis of the latest industry trends and estimates revenue growth at global, regional, and country levels. For this report, AgileIntel has segmented the global Automated Guided Vehicle market report based on vehicle type, navigation, and region:
Insights on Vehicle Type(Revenue in US$million, 2018-2029)
Insights on Navigation (Revenue in US$million, 2018-2029)
Insights on Regional market (Revenue in US$million, 2018-2029)
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 Impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Regional market Analysis by Vehicle Type
3.1.1 Market overview, 2018-2029 (US$ billion)
3.2.1 Automated Guided Vehicle market: Tow Vehicle (US$ billion)
3.3.1 Automated Guided Vehicle market: Parallel Truck (US$ billion)
3.4.1 Automated Guided Vehicle market: Unit Load Carrier (US$ billion)
3.5.1 Automated Guided Vehicle market: Hybrid Vehicles (US$ billion)
3.6.1 Automated Guided Vehicle market: Forklift Truck (US$ billion)
3.7.1 Automated Guided Vehicle market: Others (US$ billion)
Chapter-4: Markets Analysis by Navigation
4.1 Automated Guided Vehicle regional market Vehicle Type composition
4.1.1 Automated Guided Vehicle market: Laser Guidance (US$ billion)
4.2.1 Automated Guided Vehicle market: Magnetic Guidance (US$ billion)
4.3.1 Automated Guided Vehicle market: Inductive Guidance (US$ billion)
4.4.1 Automated Guided Vehicle market: Vision Guidance (US$ billion)
4.5.1 Automated Guided Vehicle market: Natural Navigation (US$ billion)
4.6.1 Automated Guided Vehicle market: Others (US$ billion)
Chapter-5: Regional Analysis
5.1 Market overview, 2018-2029
5.2.1 Market overview, 2018-2029 (US$ billion)
5.3.1 Automated Guided Vehicle market: Asia Pacific (US$ billion)
5.4.1 Automated Guided Vehicle market: North America (US$ billion)
5.5.1 Automated Guided Vehicle market: Europe (US$ billion)
5.6.1 Automated Guided Vehicle market: South America (US$ billion)
5.7.1 Automated Guided Vehicle market: Middle East and Africa (US$ billion)
Chapter-6: Regional market Analysis by Vehicle Type
6.1 Automated Guided Vehicle regional market Vehicle Type composition
6.1.1 Automated Guided Vehicle market: APAC Tow Vehicle (US$ billion)
6.2.1 Automated Guided Vehicle market: APAC Parallel Truck (US$ billion)
6.3.1 Automated Guided Vehicle market: APAC Unit Load Carrier (US$ billion)
6.4.1 Automated Guided Vehicle market: APAC Hybrid Vehicles (US$ billion)
6.5.1 Automated Guided Vehicle market: APAC Forklift Truck (US$ billion)
6.6.1 Automated Guided Vehicle market: APAC Others (US$ billion)
6.7.1 Automated Guided Vehicle market: North America Tow Vehicle (US$ billion)
6.8.1 Automated Guided Vehicle market: North America Parallel Truck (US$ billion)
6.9.1 Automated Guided Vehicle market: North America Unit Load Carrier (US$ billion)
6.10.1 Automated Guided Vehicle market: North America Hybrid Vehicles (US$ billion)
6.11.1 Automated Guided Vehicle market: North America Forklift Truck (US$ billion)
6.12.1 Automated Guided Vehicle market: North America Antioxidant Others (US$ billion)
6.13.1 Automated Guided Vehicle market: Europe Tow Vehicle (US$ billion)
6.14.1 Automated Guided Vehicle market: Europe Parallel Truck (US$ billion)
6.15.1 Automated Guided Vehicle market: Europe Unit Load Carrier (US$ billion)
6.16.1 Automated Guided Vehicle market: Europe Hybrid Vehicles (US$ billion)
6.17.1 Automated Guided Vehicle market: Europe Forklift Truck (US$ billion)
6.18.1 Automated Guided Vehicle market: Europe Others (US$ billion)
6.19.1 Automated Guided Vehicle market: South America Tow Vehicle (US$ billion)
6.20.1 Automated Guided Vehicle market: South America Parallel Truck (US$ billion)
6.21.1 Automated Guided Vehicle market: South America Unit Load Carrier (US$ billion)
6.22.1 Automated Guided Vehicle market: South America Hybrid Vehicles (US$ billion)
6.23.1 Automated Guided Vehicle market: South America Forklift Truck (US$ billion)
6.24.1 Automated Guided Vehicle market: South America Others (US$ billion)
6.25.1 Automated Guided Vehicle market: Middle East and Africa Tow Vehicle (US$ billion)
6.26.1 Automated Guided Vehicle market: Middle East and Africa Parallel Truck (US$ billion)
6.27.1 Automated Guided Vehicle market: Middle East and Africa Unit Load Carrier (US$ billion)
6.28.1 Automated Guided Vehicle market: Middle East and Africa Hybrid Vehicles (US$ billion)
6.29.1 Automated Guided Vehicle market: Middle East and Africa Forklift Truck (US$ billion)
6.30.1 Automated Guided Vehicle market: Middle East and Africa Others (US$ billion)
Chapter-7: Markets Analysis by Navigation
7.7.1 Automated Guided Vehicle regional market Vehicle Type composition
7.1.1 Automated Guided Vehicle market: APAC Laser Guidance (US$ billion)
7.2.1 Automated Guided Vehicle market: APAC Magnetic Guidance (US$ billion)
7.3.1 Automated Guided Vehicle market: APAC Inductive Guidance (US$ billion)
7.4.1 Automated Guided Vehicle market: APAC Vision Guidance (US$ billion)
7.5.1 Automated Guided Vehicle market: APAC Natural Navigation (US$ billion)
7.6.1 Automated Guided Vehicle market: APAC Others (US$ billion)
7.7.1 Automated Guided Vehicle market: North America Laser Guidance (US$ billion)
7.8.1 Automated Guided Vehicle market: North America Magnetic Guidance (US$ billion)
7.9.1 Automated Guided Vehicle market: North America Inductive Guidance (US$ billion)
7.10.1 Automated Guided Vehicle market: North America Vision Guidance (US$ billion)
7.11.1 Automated Guided Vehicle market: North America Natural Navigation (US$ billion)
7.12.1 Automated Guided Vehicle market: North America Others (US$ billion)
7.13.1 Automated Guided Vehicle market: Europe Laser Guidance (US$ billion)
7.14.1 Automated Guided Vehicle market: Europe Magnetic Guidance (US$ billion)
7.15.1 Automated Guided Vehicle market: Europe Inductive Guidance (US$ billion)
7.16.1 Automated Guided Vehicle market: Europe Vision Guidance (US$ billion)
7.17.1 Automated Guided Vehicle market: Europe Natural Navigation (US$ billion)
7.18.1 Automated Guided Vehicle market: Europe Others (US$ billion)
7.19.1 Automated Guided Vehicle market: South America Laser Guidance (US$ billion)
7.20.1 Automated Guided Vehicle market: South America Magnetic Guidance (US$ billion)
7.21.1 Automated Guided Vehicle market: South America Inductive Guidance (US$ billion)
7.22.1 Automated Guided Vehicle market: South America Vision Guidance (US$ billion)
7.23.1 Automated Guided Vehicle market: South America Natural Navigation (US$ billion)
7.24.1 Automated Guided Vehicle market: South America Others (US$ billion)
7.25.1 Automated Guided Vehicle market: Middle East and Africa Laser Guidance (US$ billion)
7.26.1 Automated Guided Vehicle market: Middle East and Africa Magnetic Guidance (US$ billion)
7.27.1 Automated Guided Vehicle market: Middle East and Africa Inductive Guidance (US$ billion)
7.28.1 Automated Guided Vehicle market: Middle East and Africa Vision Guidance (US$ billion)
7.29.1 Automated Guided Vehicle market: Middle East and Africa Natural Navigation (US$ billion)
7.30.1 Automated Guided Vehicle market: Middle East and Africa Others (US$ billion)
Chapter-8: Key Markets Analysis
8.1 Automated Guided Vehicle key market size composition
8.1.1 Market overview, 2018-2029 (US$ billion)
8.2.1 Automated Guided Vehicle market: US, North America (US$ billion)
8.3.1 Automated Guided Vehicle market: Canada, North America (US$ billion)
8.4.1 Automated Guided Vehicle market: Mexico, North America (US$ billion)
8.5.1 Automated Guided Vehicle market: Germany, Europe (US$ billion)
8.6.1 Automated Guided Vehicle market: Italy, Europe (US$ billion)
8.7.1 Automated Guided Vehicle market: France, Europe (US$ billion)
8.8.1 Automated Guided Vehicle market: China, Asia Pacific (US$ billion)
8.9.1 Automated Guided Vehicle market: India, Asia Pacific (US$ billion)
8.10.1 Automated Guided Vehicle market: Japan, Asia Pacific (US$ billion)
8.11.1 Automated Guided Vehicle market: Brazil, South America (US$ billion)
8.12.1 Automated Guided Vehicle market: Argentina, South America (US$ billion)
8.13.1 Automated Guided Vehicle market: Colombia, South America (US$ billion)
8.14.1 Automated Guided Vehicle market: South Africa, Middle East and Africa (US$ billion)
8.15.1 Automated Guided Vehicle market: UAE, Middle East and Africa (US$ billion)
8.16.1 Automated Guided Vehicle market: Saudi Arabia, Middle East and Africa (US$ billion)
Chapter-9: Company Profiles
9.1 Swisslog Holding AG
9.2 Bastian Solutions, Inc.,
9.3 Seegrid Corporation,
9.4 TOYOTA INDUSTRIES CORPORATION
9.5 Fetch Robotics, Inc.,
9.6 Schaefer Systems International, Inc.,
9.7 System Logistics Spa,
9.8 Scott
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Automated Guided Vehicle Market by Vehicle Type during 2018-2029 in US$ billion
Table 2: By value: Automated Guided Vehicle Market by region during 2018-2029 in US$ billion
Table 3: By Value: key Automated Guided Vehicle markets in US$ billion
List of Figures
Figure 1: By value: Automated Guided Vehicle market segment share during 2018-2029 in %
Figure 2: By volume: Automated Guided Vehicle market segment share during 2018-2029 in %
Figure 3: By value: Share of Tow Vehicle in Automated Guided Vehicle market during 2018-2029 in %
Figure 4: By value: Tow Vehicle market segment during 2018-2029 in US$ billion
Figure 5: By value: Share of Parallel Truck market during 2018-2029 in %
Figure 6: By value: Parallel Truck market during 2018-2029 in US$ billion
Figure 7: By value: Share of Unit Load Carrier market during 2018-2029 in %
Figure 8: By value: Unit Load Carrier market during 2018-2029 in US$ billion
Figure 9: By value: Share of Hybrid Vehicles market during 2018-2029 in %
Figure 11: By value: Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 12: By value: Share of Forklift Truck market during 2018-2029 in %
Figure 13: By value: Forklift Truck market during 2018-2029 in US$ billion
Figure 14: By Value: key Automated Guided Vehicle regional markets in US$ billion
Figure 15: By value: Automated Guided Vehicle market region share during 2018-2029 in %
Figure 16: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 17: By value: Asia Pacific market during 2018-2029 in US$ billion
Figure 18: By value: Share of North America market during 2018-2029 in %
Figure 19: By value: North America market during 2018-2029 in US$ billion
Figure 20: By value: Share of Europe market during 2018-2029 in
Figure 21: By value: Europe market during 2018-2029 in US$ billion
Figure 22: By value: Share of South America market during 2018-2029 in %
Figure 23: By value: South America market during 2018-2029 in US$ billion
Figure 24: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 25: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 26: By value: Share of APAC Tow Vehicle market during 2018-2029 in %
Figure 27: By value: APAC Tow Vehicle market during 2018-2029 in US$ billion
Figure 28: By value: Share of APAC Parallel Truck market during 2018-2029 in %
Figure 29: By value: APAC Parallel Truck market during 2018-2029 in US$ billion
Figure 30: By value: Share of APAC Unit Load Carrier market during 2018-2029 in %
Figure 31: By value: APAC Unit Load Carrier market during 2018-2029 in US$ billion
Figure 32: By value: Share of APAC Hybrid Vehicles market during 2018-2029 in %
Figure 33: By value: APAC Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 34: By value: Share of APAC Forklift Truck market during 2018-2029 in %
Figure 35: By value: APAC Forklift Truck market during 2018-2029 in US$ billion
Figure 36: By value: Share of APAC Others market during 2018-2029 in %
Figure 37: By value: APAC Others market during 2018-2029 in US$ billion
Figure 38: By value: Share of North America Tow Vehicle market during 2018-2029 in %
Figure 39: By value: North America Tow Vehicle market during 2018-2029 in US$ billion
Figure 40: By value: Share of North America Parallel Truck market during 2018-2029 in %
Figure 41: By value: North America Parallel Truck market during 2018-2029 in US$ billion
Figure 42: By value: Share of North America Unit Load Carrier market during 2018-2029 in %
Figure 43: By value: North America Unit Load Carrier market during 2018-2029 in US$ billion
Figure 44: By value: Share of North America Hybrid Vehicles market during 2018-2029 in %
Figure 45: By value: North America Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 46: By value: Share of North America Forklift Truck market during 2018-2029 in %
Figure 47: By value: North America Forklift Truck market during 2018-2029 in US$ billion
Figure 48: By value: Share of North America Others market during 2018-2029 in %
Figure 49: By value: North America Others market during 2018-2029 in US$ billion
Figure 50: By value: Share of Europe Tow Vehicle market during 2018-2029 in %
Figure 51: By value: Europe Tow Vehicle market during 2018-2029 in US$ billion
Figure 52: By value: Share of Europe Parallel Truck market during 2018-2029 in %
Figure 53: By value: Europe Parallel Truck market during 2018-2029 in US$ billion
Figure 54: By value: Share of Europe Unit Load Carrier market during 2018-2029 in %
Figure 55: By value: Europe Unit Load Carrier market during 2018-2029 in US$ billion
Figure 56: By value: Share of Europe Hybrid Vehicles market during 2018-2029 in %
Figure 57: By value: Europe Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 58: By value: Share of Europe Forklift Truck market during 2018-2029 in %
Figure 59: By value: Europe Forklift Truck market during 2018-2029 in US$ billion
Figure 60: By value: Share of Europe Others market during 2018-2029 in %
Figure 61: By value: Europe Others market during 2018-2029 in US$ billion
Figure 62: By value: Share of South America Tow Vehicle market during 2018-2029 in %
Figure 63: By value: South America Tow Vehicle market during 2018-2029 in US$ billion
Figure 64: By value: Share of South America Parallel Truck market during 2018-2029 in %
Figure 65: By value: South America Parallel Truck market during 2018-2029 in US$ billion
Figure 66: By value: Share of South America Unit Load Carrier market during 2018-2029 in %
Figure 67: By value: South America Unit Load Carrier market during 2018-2029 in US$ billion
Figure 68: By value: Share of South America Hybrid Vehicles market during 2018-2029 in %
Figure 69: By value: South America Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 70: By value: Share of South America Forklift Truck market during 2018-2029 in %
Figure 71: By value: South America Forklift Truck market during 2018-2029 in US$ billion
Figure 72: By value: Share of South America Others market during 2018-2029 in %
Figure 73: By value: South America Others market during 2018-2029 in US$ billion
Figure 74: By value: Share of Middle East & Africa Tow Vehicle market during 2018-2029 in %
Figure 75: By value: Middle East & Africa Tow Vehicle market during 2018-2029 in US$ billion
Figure 76: By value: Share of Middle East & Africa Parallel Truck market during 2018-2029 in %
Figure 77: By value: Middle East & Africa Parallel Truck market during 2018-2029 in US$ billion
Figure 78: By value: Share of Middle East & Africa Unit Load Carrier market during 2018-2029 in %
Figure 79: By value: Middle East & Africa Unit Load Carrier market during 2018-2029 in US$ billion
Figure 80: By value: Share of Middle East & Africa Hybrid Vehicles market during 2018-2029 in %
Figure 81: By value: Middle East & Africa Hybrid Vehicles market during 2018-2029 in US$ billion
Figure 82: By value: Share of APAC Forklift Truck market during 2018-2029 in %
Figure 83: By value: APAC Forklift Truck market during 2018-2029 in US$ billion
Figure 84: By value: Share of Middle East & Africa Others market during 2018-2029 in %
Figure 85: By value: Middle East & Africa Others market during 2018-2029 in US$ billion
Figure 86: By value: Share of APAC Laser Guidance Market during 2018-2029 in %
Figure 87: By value: APAC Laser Guidance Market during 2018-2029 in US$ billion
Figure 88: By value: Share of APAC Magnetic Guidance Market during 2018-2029 in %
Figure 89: By value: APAC Magnetic Guidance Market during 2018-2029 in US$ billion
Figure 90: By value: Share of APAC Inductive Guidance Market during 2018-2029 in %
Figure 91: By value: APAC Inductive Guidance Market during 2018-2029 in US$ billion
Figure 92: By value: Share of APAC Vision Guidance Market during 2018-2029 in %
Figure 93: By value: APAC Vision Guidance Market during 2018-2029 in US$ billion
Figure 94: By value: Share of APAC Natural Navigation Market during 2018-2029 in %
Figure 95: By value: APAC Natural Navigation Market during 2018-2029 in US$ billion
Figure 96: By value: Share of APAC Others Market during 2018-2029 in %
Figure 97: By value: APAC Others Market during 2018-2029 in US$ billion
Figure 98: By value: Share of North America Laser Guidance Market during 2018-2029 in %
Figure 99: By value: North America Laser Guidance Market during 2018-2029 in US$ billion
Figure 100: By value: Share of North America Magnetic Guidance Market during 2018-2029 in %
Figure 101: By value: North America Magnetic Guidance Market during 2018-2029 in US$ billion
Figure 102: By value: Share of North America Inductive Guidance Market during 2018-2029 in %
Figure 103: By value: North America Inductive Guidance Market during 2018-2029 in US$ billion
Figure 103: By value: Share of North America Vision Guidance Market during 2018-2029 in %
Figure 104: By value: North America Vision Guidance Market during 2018-2029 in US$ billion
Figure 105: By value: Share of North America Natural Navigation Market during 2018-2029 in %
Figure 106: By value: North America Natural Navigation Market during 2018-2029 in US$ billion
Figure 107: By value: Share of North America Others Market during 2018-2029 in %
Figure 108: By value: North America Others Market during 2018-2029 in US$ billion
Figure 109: By value: Share of Europe Laser Guidance Market during 2018-2029 in %
Figure 110: By value: Europe Laser Guidance Market during 2018-2029 in US$ billion
Figure 111: By value: Share of Europe Magnetic Guidance Market during 2018-2029 in %
Figure 112: By value: Europe Magnetic Guidance Market during 2018-2029 in US$ billion
Figure 113: By value: Share of Europe Inductive Guidance Market during 2018-2029 in %
Figure 114: By value: Europe Inductive Guidance Market during 2018-2029 in US$ billion
Figure 115: By value: Share of Europe Vision Guidance Market during 2018-2029 in %
Figure 116: By value: Europe Vision Guidance Market during 2018-2029 in US$ billion
Figure 117: By value: Share of Europe Natural Navigation Market during 2018-2029 in %
Figure 118: By value: Europe Natural Navigation Market during 2018-2029 in US$ billion
Figure 119: By value: Share of Europe Others Market during 2018-2029 in %
Figure 120: By value: Europe Others Market during 2018-2029 in US$ billion
Figure 121: By value: Share of South America Laser Guidance Market during 2018-2029 in %
Figure 122: By value: South America Laser Guidance Market during 2018-2029 in US$ billion
Figure 123: By value: Share of South America Magnetic Guidance Market during 2018-2029 in %
Figure 124: By value: South America Magnetic Guidance Market during 2018-2029 in US$ billion
Figure 125: By value: Share of South America Inductive Guidance Market during 2018-2029 in %
Figure 126: By value: South America Inductive Guidance Market during 2018-2029 in US$ billion
Figure 127: By value: Share of South America Vision Guidance Market during 2018-2029 in %
Figure 128: By value: South America Vision Guidance Market during 2018-2029 in US$ billion
Figure 129: By value: Share of South America Natural Navigation Market during 2018-2029 in %
Figure 130: By value: South America Natural Navigation Market during 2018-2029 in US$ billion
Figure 131: By value: Share of South America Others Market during 2018-2029 in %
Figure 132: By value: South America Others Market during 2018-2029 in US$ billion
Figure 133: By value: Share of Middle East and Africa Laser Guidance Market during 2018-2029 in %
Figure 134: By value: Middle East and Africa Laser Guidance Market during 2018-2029 in US$ billion
Figure 135: By value: Share of Middle East and Africa Magnetic Guidance Market during 2018-2029 in %
Figure 136: By value: Middle East and Africa Magnetic Guidance Market during 2018-2029 in US$ billion
Figure 137: By value: Share of Middle East and Africa Inductive Guidance Market during 2018-2029 in %
Figure 138: By value: Middle East and Africa Inductive Guidance Market during 2018-2029 in US$ billion
Figure 139: By value: Share of Middle East and Africa Others Market during 2018-2029 in %
Figure 140: By value: Middle East and Africa Others Market during 2018-2029 in US$ billion
Figure 141: By Value: key Automated Guided Vehicle regional Markets in US$ billion
Figure 142: By value: Share of US Market during 2018-2029 in %
Figure 143: By value: US Market during 2018-2029 in US$ billion
Figure 144: By value: Share of Canada Market during 2018-2029 in %
Figure 145: By value: Canada Market during 2018-2029 in US$ billion
Figure 146: By value: Share of Mexico Market during 2018-2029 in %
Figure 147: By value: Mexico Market during 2018-2029 in US$ billion
Figure 148: By value: Share of Germany Market during 2018-2029 in %
Figure 149: By value: Germany Market during 2018-2029 in US$ billion
Figure 150: By value: Share of Italy Market during 2018-2029 in %
Figure 151: By value: Italy Market during 2018-2029 in US$ billion
Figure 152: By value: Share of France Market during 2018-2029 in %
Figure 153: By value: France Market during 2018-2029 in US$ billion
Figure 154: By value: Share of China Market during 2018-2029 in %
Figure 155: By value: China Market during 2018-2029 in US$ billion
Figure 156: By value: Share of India Market during 2018-2029 in %
Figure 157: By value: India Market during 2018-2029 in US$ billion
Figure 158: By value: Share of Japan Market during 2018-2029 in %
Figure 159: By value: Japan Market during 2018-2029 in US$ billion
Figure 160: By value: Share of Brazil Market during 2018-2029 in %
Figure 161: By value: Brazil Market during 2018-2029 in US$ billion
Figure 162: By value: Share of Argentina Market during 2018-2029 in %
Figure 163: By value: Argentina Market during 2018-2029 in US$ billion
Figure 164: By value: Share of Colombia Market during 2018-2029 in %
Figure 165: By value: Share of South Africa Market during 2018-2029 in %
Figure 166: By value: South Africa Market during 2018-2029 in US$ billion
Figure 167: By value: Share of UAE Market during 2018-2029 in %
Figure 168: By value: UAE Market during 2018-2029 in US$ billion
Figure 169: By value: Share of Saudi Arabia Market during 2018-2029 in %
Figure 170: By value: Saudi Arabia Market during 2018-2029 in US$ billion
Figure 171: Swisslog Holding AG
Figure 172: Bastian Solutions, Inc.,
Figure 173: Seegrid Corporation,
Figure 174: TOYOTA INDUSTRIES CORPORATION
Figure 175: Fetch Robotics, Inc.,
Figure 176: Schaefer Systems International, Inc.,
Figure 177: System Logistics Spa,
Figure 178: Scott
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
 |
| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Revenue in US$ million |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
| Segments | By Vehicle Type By Navigation |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Swisslog Holding AG, Bastian Solutions, Inc., Seegrid Corporation, TOYOTA INDUSTRIES CORPORATION, Fetch Robotics, Inc., Schaefer Systems International, Inc., System Logistics Spa, Scott |
The global automated guided vehicle market size was estimated at US$3,872million in 2021 and is expected to reach US$4,518million in 2022.
The global automated guided vehicle market is expected to grow at a compound annual growth rate of 10.6% from 2022 to 2029 to reach US$10,091million by 2029.
Europe dominated the AGV market with a revenue share of 31.2% in 2021 and is expected to continue doing so during the forecast period. This can be attributed to the presence of major producers and exporters of AGV in this region.
The tow vehicle segment captured a sizeable share in the AGV market, accounting for a revenue share of over 41% in 2021, mainly due to growing requirements for bulk movement of goods into and out of warehouse areas.
Some key players operating in the automated guided vehicle market Swisslog Holding AG, Bastian Solutions, Inc., Seegrid Corporation, TOYOTA INDUSTRIES CORPORATION, Fetch Robotics, Inc., Schaefer Systems International, Inc., System Logistics Spa, Scottamong others.
Key factors that are driving the automated guided vehicle include the increasing demand for automated material handling solutions across various industries and technological advancements such as software, dual-mode AGV, camera vision, and LiDAR sensors into the AGVs.
mumbai
Tel: +91-8106852663
Ackruti Trade Centre, Kondivita, Andheri East,
Mumbai, 400093, India
Australia
Suite 1A, Level 2, 802 Pacific Highway
Gordon NSW 2072, Australia
USA
1818 Library Street Suite 503, Reston,
VA 20190, USA
