PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528906
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528906
Automated Guided Vehicle (AGV) Market Size - By Type, Mode of Operation, Navigation Technology, Application, End-User Industry & Forecast, 2024 - 2032
Global Automated Guided Vehicle (AGV) Market will garner a 7% CAGR from 2024 to 2032, fueled by innovations in sensors, navigation systems, and stringent safety and regulatory compliance. Advanced sensor technologies enhance AGV precision and obstacle detection, while robust navigation systems optimize route planning and efficiency. Compliance with evolving safety standards ensures workplace safety and facilitates wider AGV adoption across industries. These innovations collectively enhance operational reliability, reduce costs, and streamline logistics, making AGVs increasingly indispensable in modern industrial automation strategies worldwide.
For instance, in June 2023, Dematic introduced advanced freezer-rated AGVs, the third generation, incorporating upgraded sensors and navigation technology, surpassing new global safety standards for enhanced performance in cold storage environments. This development suggests a trend toward more specialized and high-performance AGVs capable of meeting stringent operational requirements in challenging industrial settings, thus potentially driving increased adoption of AGVs across various sectors worldwide.
The overall automated guided vehicle (AGV) industry is classified based on type, mode of operation, navigation technology, application, end-use industry, and region.
The unit load carrier segment will encounter a marked upturn through 2032 due to its critical role in industrial material handling. AGVs designed for unit load carriers excel in transporting pallets, containers, and large loads efficiently and safely within manufacturing and logistics facilities. With industries increasingly adopting automation to enhance operational efficiency and reduce labor costs, AGVs tailored for unit load handling offer scalable solutions that streamline logistics processes. This segment's prominence underscores its pivotal contribution to advancing automation in modern industrial environments.
The retail segment will observe a noteworthy surge between 2024 and 2032, driven by the increasing adoption of automation to streamline logistics and enhance operational efficiency. AGVs are crucial in warehouses and distribution centers within the retail sector, where they efficiently handle tasks such as goods transportation and inventory management. With growing demand for faster order fulfillment and reduced labor costs, AGVs offer scalable solutions that improve productivity and minimize errors, further boosting their prominence in the retail automation landscape.
Asia Pacific automated guided vehicle (AGV) industry will achieve a modest CAGR from 2024 to 2032, attributed to rapid industrialization and technological advancements in countries like China, Japan, and South Korea. The region's robust manufacturing sector and increasing adoption of automation across various industries contribute significantly to this growth. Moreover, government initiatives supporting industrial automation further bolster market expansion. Asia Pacific's dominance underscores its role as a key contributor to the global automated guided vehicle (AGV) market's evolution and adoption of advanced logistics solutions.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 AGV manufacturer
- 3.2.3 Software developers
- 3.2.4 System integrators
- 3.2.5 Service providers
- 3.2.6 End-users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for automation and logistics optimization
- 3.8.1.2 Rise of e-commerce industry across the globe
- 3.8.1.3 Advancements in sensor, navigation technology and AI
- 3.8.1.4 Labor shortage and rising labor costs
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment in setting up an AGV system
- 3.8.2.2 Limited payload capacity
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Tow vehicle
- 5.3 Unit load carrier
- 5.4 Pallet truck
- 5.5 Forklift truck
- 5.6 Assembly line vehicles
Chapter 6 Market Estimates & Forecast, By Navigation Technology, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Laser guidance
- 6.3 Magnetic guidance
- 6.4 Vision guidance
- 6.5 Natural navigation
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Logistics & warehousing
- 7.3 Assembly
- 7.4 Packaging
- 7.5 Trailer loading & unloading
- 7.6 Raw material handling
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Mode of Operation, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Indoor
- 8.3 Outdoor
Chapter 9 Market Estimates & Forecast, By End-user Industry, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 Food & beverage
- 9.3 Automotive
- 9.4 Retail
- 9.5 Electronics & electrical
- 9.6 Manufacturing
- 9.7 Pharmaceuticals
- 9.8 Others
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 BALYO
- 11.2 Bastian Solutions, Inc.
- 11.3 Daifuku Co., Ltd.
- 11.4 Dematic
- 11.5 E&K Automation Gmbh
- 11.6 ELETTRIC80 S.P.A.
- 11.7 Fetch Robotics, Inc.
- 11.8 Hyster-Yale Materials Handling, Inc.
- 11.9 Invia Robotics, Inc.
- 11.10 JBT
- 11.11 KMH Fleet Solutions
- 11.12 Kollmorgen
- 11.13 Locus Robotics
- 11.14 Schaefer Systems International, Inc.
- 11.15 Scott
- 11.16 Seegrid Corporation
- 11.17 Swisslog Holding AG
- 11.18 System Logistics Spa
- 11.19 Toyota Industries Corporation
