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Home » Semiconductor and Electronics » Automated Guided Vehicle Market Size, Share Report

Automated Guided Vehicle (AGV) Market By Vehicle Type Outlook (Unit Load Carrier, Tow Vehicle, Pallet Truck, Hybrid Vehicles, Forklift Truck, Others); By Navigation Technology Outlook (Magnetic Guidance, Laser Guidance, Vision Guidance, Natural Navigation, Inductive Guidance, Others); By Application Outlook (Logistics and Warehousing [Cross-docking, Cold Storage, Transportation, Wholesale & Distribution], Assembly, Raw Material Handling, Trailer Loading and Unloading, Packaging, Others); By End-use Industry Outlook (Manufacturing Sector [Chemical, Aerospace, Automotive, Electronics, FMCG, Tissue, Plastics, Pharmaceuticals, Defense, Others], Wholesale and Distribution Sector [Retail Chains/Conveyance Stores, E-commerce, Hotels and Restaurants, Grocery Stores]); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: AUG-2024   |   Base Year: 2022   |   No Of Pages: 170   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 09642245

The Automated Guided Vehicle market in 2023 was worth USD 5.3 billion, and by 2030, it will be worth USD 11.23 billion, growing at a CAGR of 9.85% during the forecast period. The Automated Guided Vehicle (AGV) market is driven by the increasing demand for automation in industries like manufacturing and logistics, aiming to enhance operational efficiency and reduce labor costs.

 

Automated Guided Vehicle Systems move goods or materials within a confined space without human interference. They are commonly found in factories, large warehouses, and distribution centers.

 

The market growth is driven by the rise in automation across various sectors, such as manufacturing, with over 40% AGV deployment or warehousing & logistics comprising approximately 35% of deployments. Some advancements like artificial intelligence integration, machine learning, and the Internet of Things (IoT) will improve AGVs by enhancing their ability to navigate obstacles better and operate 20% more efficiently. In addition to that, there is a high demand for customized AGVs, which account for about one-third of this market segment. North America has approximately a 35% stake due to its robust manufacturing industry and e-commerce; on the other hand, Europe is taking a share of close to 30% because of automation investments and industry initiatives four point zero. Implementing AGVs can reduce labor costs by 15-20 % and increase operational efficiency by up to 25-30 %. Moreover, they assist firms in reducing their energy consumption while lowering their carbon footprint, as electric AGVs account for about 60% of this market.

 

In January 2023, Barcoding, Inc., a leader in supply chain accuracy, efficiency, and connectivity announced the purchase of automated guided vehicle (AGV) startup FRED Automation, Inc. With this acquisition, Barcoding, Inc. is demonstrating its commitment to growth and industrial automation.

 

Market Drivers

Enhancing Operational Efficiency: AGVs as Key Drivers in the Push for Automation

The push for automation across various industries, including manufacturing, logistics, and warehousing, is a primary driver for the growth of the Automated Guided Vehicle (AGV) market. It plays a critical role in improving productivity, reducing human errors streamlining operations that have become indispensable for modern automated facilities. For instance, in the manufacturing sector, implementing AGVs can lead to up to 30% productivity improvements, as these vehicles handle repetitive and time-consuming tasks with precision and consistency. In logistics and warehousing, AGVs can reduce human error by up to 40%, ensuring accurate and timely movement of goods, which is critical for meeting the fast-paced demands of e-commerce and retail industries. Furthermore, Industry 4.0 technologies are being adopted worldwide, thereby inducing the integration of AGVs in smart factories. They are vital in smoothing operations and reducing labor costs by 20%. These figures underscore the centrality of AGVs to automation and their importance in modern automated facilities.

 

Enhancing E-commerce and Retail: The Critical Role of AGVs in Automation

One of the major forces driving the AGV market is the push for automation in major industries like manufacturing, logistics, and warehousing. In January 2023, Chinese logistics robot developer VisionNav Robotics raised over $80m from its most recent C+ round of investors; this will drive new product directions through research and development, improve existing products’ functionalities, and support mass adoption and local delivery to customers globally as stated by the firm producing industrial AGVs. Furthermore, by using AGVs instead of manual labor, the picking efficiency can be increased up to 50%, significantly shortening the time spent on order fulfillment. When averaged across large distribution centers’ material handling times are reduced by around 30%, allowing for faster cycle times and higher throughput. Therefore, scalability and flexibility are imperative aspects that enable the adoption of AGVs in e-commerce and retailing, thus boosting their market growth.

 

Market Restraints

• High Initial Costs: These include purchasing AGV vehicles themselves, infrastructure installation expenses, and system integration into existing operations, making up a huge initial capital outlay for firms wishing to acquire them.

• Maintenance and Technical Issues: Despite lowering labor costs, AGVs introduce regular maintenance requirements leading to potential technical issues due to downtime during malfunctions or scheduled repairs, causing further delays or additional costs that may be associated with this.

• Dependency on Skilled Workforce: Successful implementation and operation of AGVs require trained personnel who undergo complex programming tasks, troubleshooting, or maintaining them. Thus, this factor acts as a rate-limiting factor for adoption of AGVs, especially in regions with limited access to advanced technical training.

 

Market Opportunity

The Future of Manufacturing: AGVs and Industry 4.0 Integration for Maximum Efficiency

Integration with Advanced Manufacturing Systems presents a significant market opportunity for Automated Guided Vehicles (AGVs). The concept of Industry 4.0 and intelligent manufacturing is driving the need for optimized and seamless production environments. Such integration has shown productivity improvements up to 30% where person-hours are minimized to reduce errors while maintaining continuous operation without stoppages as driven by AGV operations. In October 2023, Automated Precision Inc. (API) announced that their Dynamic 9D LADAR, installed on an automated guided vehicle (AGV), will revolutionize aerospace manufacturing inspections. Moreover, smart factories using AGVs save approximately 20% in operational costs through optimal resource allocation and reduced downtimes. As industries increasingly embrace advanced manufacturing systems, the demand for AGVs to support these automated and highly efficient production environments is expected to surge, highlighting a robust growth opportunity in the market.

 

Government-Backed AGV Projects: A Path to Enhanced Market Growth

The Automated Guided Vehicle (AGV) market holds significant opportunities in Public-Private Partnerships and Government Initiatives. Governments from around the globe have put forth many financing programs and regulatory frameworks to push for the adoption of automation and smart manufacturing. The U.K. government allocated £150 million to develop connected and autonomous mobility (CAM) by 2030 through initiatives led by the Centre for Connected and Autonomous Vehicles (CCAV). This is intended to help the U.K. cement its position as a leader in self-driving technology with over £600m in joint investments in more than 100 projects since 2015, supported by companies involved in the CAM industry. In the Horizon Europe program, the European Commission will pump EUR 500 million into a private-public partnership on Cooperative, Connected, and Automated Mobility (CCAM) while also contributing by investing EUR 1 billion spread across 19 projects focused on delivering CCAM solutions. Such moves come within the larger E.U. plan to lead automated mobility deployment, improve road safety, and cut greenhouse gas emissions. According to studies, government-funded projects can increase market growth by up to 15%, thus enabling SMEs to access it easier while stimulating demand for goods/services. By leveraging these partnerships and initiatives, AGV manufacturers can tap into new markets, accelerate technological advancements, and drive widespread adoption of AGVs in smart manufacturing and beyond.

 

Comprehensive automated guided vehicle Market Segmentation Overview

The automated guided vehicle market segmentation is done on the basis of vehicle type, navigation technology, application, end-use, and region.

Vehicle Type Outlook

  • Unit Load Carrier

  • Tow Vehicle

  • Pallet Truck

  • Hybrid Vehicles

  • Forklift Truck

  • Others

 

Navigation Technology Outlook

  • Magnetic Guidance

  • Laser Guidance

  • Vision Guidance

  • Natural Navigation

  • Inductive Guidance

  • Others

 

Application Outlook

  • Logistics and Warehousing

    • Cross-docking

    • Cold Storage

    • Transportation

    • Wholesale & Distribution

      • Assembly

      • Raw Material Handling

      • Trailer Loading and Unloading

      • Packaging

      • Others

 

End-use Industry Outlook

  • Manufacturing Sector

    • Chemical

    • Aerospace

    • Automotive

    • Electronics

    • FMCG

    • Tissue

    • Plastics

    • Pharmaceuticals

    • Defense

    • Others

 

  • Wholesale and Distribution Sector

    • Retail Chains/Conveyance Stores

    • E-commerce

    • Hotels and Restaurants

    • Grocery Stores

 

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands 

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • China

  • India

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Saudi Arabia

  • Argentina

  • Uruguay

  • Rest of LAMEA

 

Dominance of Tow Vehicles in AGV Market Driven by Heavy Load Applications

On the basis of vehicle type, the tow vehicle segment dominated the AGV market in 2023 with 39.5% of revenue share due to its extensive application in industries such as heavy load transportation. The tow vehicles move large volumes of materials across different settings like manufacturing plants, warehouses, and distribution centers. They are highly used in motor vehicle and aerospace engineering because they handle heavy components and assemblies. This flexibility also leads to a potential 25% improvement in efficiency, resulting in significant labor cost reductions and increased material handling productivity.

 

AGV Market Leadership: Laser Guidance Technology Boosts Efficiency by 30%

In terms of navigation technology, laser guidance led the market in 2023, accounting for 36.2% of revenue share due to its high precision and reliability in navigation. Laser-guidance technology helps reduce collisions, thereby increasing operational efficiency by about 30%, especially with complex layouts and high-traffic areas. Moreover, laser-guided AGVs operate under varying light intensities and adapt quickly to environmental changes, making them more popular among customers than any other systems.

 

Meeting E-commerce Demands: AGVs Drive Efficiency in Logistics and Warehousing

On the basis of application, the logistics and warehousing segment dominated the AGV market in 2023 with 40.5% of revenue share due to the increasing demand for automation in these industries. Automated guided vehicles are used in inventory management, order picking, and transportation services within logistics & warehousing sectors. These applications are vital for meeting dynamic needs associated with e-commerce and retailing, placing great emphasis on effectiveness and accuracy. The use of AGVs in warehouses can improve picking accuracy by up to 99% and reduce labor costs by 20-30%. This significant improvement in operational efficiency and cost reduction drives the dominance of the logistics and warehousing segment in the AGV market.

 

Manufacturing Leads AGV Market with 76.3% Share Due to Automation Benefits

On the basis of end-use, the manufacturing segment dominated the AGV market in 2023 with 76.3% of the revenue share due to the extensive use of AGVs in various manufacturing processes. AGVs are critical in manufacturing settings for tasks such as material handling, assembly line operations, and transporting components between different stages of production. In automotive and electronics manufacturing, AGVs streamline workflows by automating the movement of heavy parts and finished products, reducing production time by up to 20% and improving overall operational efficiency. This widespread adoption and the substantial benefits they bring to manufacturing processes drive the dominance of the manufacturing segment in the AGV market.

 

AGV Adoption Soars in North America Due to Industrial and Technological Strength

North America dominated the AGV market in 2023 with a revenue share of 19.75% due to its advanced industrial base and high adoption rate of automation technologies. Demand for AGVs in this region is driven by a strong presence in automotive, electronics, and aerospace industries, which seek to improve production efficiency while cutting down labor costs. For instance, AGVs are extensively used in automobile manufacturing factories to automate part and assembly transportation, leading to an increase in the production throughput by about 30%. Moreover, efforts aimed at smart manufacturing and Industry 4.0 implementations within the United States and Canada spur the utilization of AGVs. In particular, these technological advances, alongside huge investments in automated systems, make North America a leader among other countries in the AGV market.

 

Top AGV Manufacturers: Pioneers of Automation Technology

  • Egemin Automation Inc.

  • Swisslog Holding AG

  • Daifuku Co., Ltd.

  • Bastian Solutions, Inc.

  • Dematic

  • KMH Fleet Solutions

  • Seegrid Corporation

  • TOYOTA INDUSTRIES CORPORATION

  • BALYO

  • Hyster-Yale Materials Handling, Inc.

  • Schaefer Systems International, Inc.

  • E&K Automation GmbH

  • Locus Robotics

  • Fetch Robotics, Inc.

  • System Logistics Spa

 

Latest Innovations and Advances in the AGV Industry

  • In April 2024, the opening of Korea's first fully automated terminal was announced by Busan New Port. Automated Guided Vehicles (AGVs) were used to evaluate hybrid systems for horizontal transport before opening the sixth and final terminal at Busan New Port. The landside cranes at the yard and the container gantry cranes in the ocean are fully mechanized and run by the Busan Port Authority. This combines the use of AGVs for fully automated horizontal movement with the Dongwon Global Terminal (DGT). 

 

  • In February 2024, Nidec-Shimpo Corporation announced that it would start shipping a new model of automated guided vehicles (AGVs) with a "Follow-Me" feature. This model is the next in the company's S-CART series. The business has created a new model with a "Return-To-Home" feature and a variant with a 500 kg maximum cargo capacity. The "S-CART" guideless navigation AGV, which forms the basis of Nidec-Shimpo's next model, has been enhanced with the ability to track and follow an item or person. On the other hand, the recently created S-CART model with the "Return-To-Home" feature can automatically create a path that leads to and from a specified "home" location.

Frequently Asked Question About This Report

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Table of Contents

1.    EXECUTIVE SUMMARY
1.1. Market Attractiveness
1.2. Understanding the Target Customers
1.3. CXO perspective
1.4. Global Automated Guided Vehicle Market, Historical Market Size & Future Projections Analysis
1.5. Global Automated Guided Vehicle Market, By Vehicle Type
1.6. Global Automated Guided Vehicle Market, By Application
1.7. Global Automated Guided Vehicle Market, By Navigation Technology
1.8. Global Automated Guided Vehicle Market, By End User
1.9. Global Automated Guided Vehicle Market, By Region
2.    MARKET SHARE ANALYSIS
2.1. Top 10 Players with Revenue and Sales Volume
2.2. Market Share, 2024
3.    SALES VOLUME (METRIC TONNES), BY REGION
3.1. Europe (UK, Germany, France, Netherlands, Italy, Spain, Belgium, Sweden, Denmark, Norway, Aland Islands, Rest of Europe)
3.2. Asia (China, Japan, South Korea, India, Indonesia, Rest of Asia)
3.3. Middle-East (Israel, Saudi Arabia, UAE, Qatar, Egypt, Kuwait, Bahrain, and Others)
4.    INVESTMENT OPPORTUNITIES IN THE MARKET
4.1. On Going Market Developments
4.2. Merger & Acquisition Trends
4.3. Key Investment Opportunities
4.4. Most Potential Vehicle Type Segments from Growth and Investment Perspective
5.    MARKET INTRODUCTION
5.1. Definition
5.2. Scope of the Study
5.3. Market Structure
5.4. Macro Factor Indicator Analysis
5.5. Key findings
5.5.1. Top investment pockets
6.    RESEARCH METHODOLOGY
6.1. Research Process
6.2. Primary Research
6.3. Secondary Research
6.4. Market Size Estimation
6.5. Forecast Model
7.    MARKET DYNAMICS
7.1. Introduction
7.2. Drivers
7.3. Restraints
7.4. Opportunities
7.5. Challenges
7.6. Covid 19 Impact Analysis
8.    GLOBAL AUTOMATED GUIDED VEHICLE MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
8.1. Overview
8.2. Global Automated Guided Vehicle Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
8.3. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
8.4. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Vehicle Type
8.4.1. Unit Load Carrier
8.4.2. Tow Vehicle
8.4.3. Pallet Truck
8.4.4. Hybrid Vehicles
8.4.5. Forklift Truck
8.4.6. Others
8.5. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
8.5.1. Logistics and Warehousing
8.5.2. Assembly
8.5.3. Raw Material Handling
8.5.4. Trailer Loading and Unloading
8.5.5. Packaging
8.5.6. Others
8.6. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Navigation Technology
8.6.1. Magnetic Guidance
8.6.2. Laser Guidance
8.6.3. Vision Guidance
8.6.4. Natural Navigation
8.6.5. Inductive Guidance
8.6.6. Other
8.7. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
8.7.1. Wholesale and Distribution Sector
8.7.2. Manufacturing Sector
8.8. Global Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
8.8.1. Asia
8.8.2. North America
8.8.3. Europe
8.8.4. Middle East
9.    NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
9.1. Overview
9.2. North America Automated Guided Vehicle Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
9.3. North America Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
9.4. North America Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Vehicle Type
9.4.1. Unit Load Carrier
9.4.2. Tow Vehicle
9.4.3. Pallet Truck
9.4.4. Hybrid Vehicles
9.4.5. Forklift Truck
9.4.6. Others
9.5. North America Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
9.5.1. Logistics and Warehousing
9.5.2. Assembly
9.5.3. Raw Material Handling
9.5.4. Trailer Loading and Unloading
9.5.5. Packaging
9.5.6. Others
9.6. North America Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Navigation Technology
9.6.1. Magnetic Guidance
9.6.2. Laser Guidance
9.6.3. Vision Guidance
9.6.4. Natural Navigation
9.6.5. Inductive Guidance
9.6.6. Other
9.7. North America Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
9.7.1. Wholesale and Distribution Sector
9.7.2. Manufacturing Sector
9.8. North America Raw Material Handling Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
9.8.1. USA
9.8.2. Canada
9.8.3. Rest of North America
10.    EUROPE GLOBAL AUTOMATED GUIDED VEHICLE MARKET ANALYSIS
10.1. Overview
10.2. Europe Automated Guided Vehicle Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
10.3. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
10.4. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Vehicle Type
10.4.1. Unit Load Carrier
10.4.2. Tow Vehicle
10.4.3. Pallet Truck
10.4.4. Hybrid Vehicles
10.4.5. Forklift Truck
10.4.6. Others
10.5. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
10.5.1. Logistics and Warehousing
10.5.2. Assembly
10.5.3. Raw Material Handling
10.5.4. Trailer Loading and Unloading
10.5.5. Packaging
10.5.6. Others
10.6. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Navigation Technology
10.6.1. Magnetic Guidance
10.6.2. Laser Guidance
10.6.3. Vision Guidance
10.6.4. Natural Navigation
10.6.5. Inductive Guidance
10.6.6. Other
10.7. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
10.7.1. Wholesale and Distribution Sector
10.7.2. Manufacturing Sector
10.8. Europe Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
10.8.1. Germany
10.8.2. UK
10.8.3. France
10.8.4. Spain
10.8.5. Italy
10.8.6. Benelux
10.8.7. Rest of Europe
11.    ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET ANALYSIS
11.1. Overview
11.2. Asia Pacific Automated Guided Vehicle Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
11.3. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
11.4. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Vehicle Type
11.4.1. Unit Load Carrier
11.4.2. Tow Vehicle
11.4.3. Pallet Truck
11.4.4. Hybrid Vehicles
11.4.5. Forklift Truck
11.4.6. Others
11.5. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
11.5.1. Logistics and Warehousing
11.5.2. Assembly
11.5.3. Raw Material Handling
11.5.4. Trailer Loading and Unloading
11.5.5. Packaging
11.5.6. Others
11.6. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Navigation Technology
11.6.1. Magnetic Guidance
11.6.2. Laser Guidance
11.6.3. Vision Guidance
11.6.4. Natural Navigation
11.6.5. Inductive Guidance
11.6.6. Other
11.7. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
11.7.1. Wholesale and Distribution Sector
11.7.2. Manufacturing Sector
11.8. Asia Pacific Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
11.8.1. China
11.8.2. Japan
11.8.3. Korea
11.8.4. India
11.8.5. Indonesia
11.8.6. Rest of Asia
12.    REST OF THE WORLD AUTOMATED GUIDED VEHICLE MARKET ANALYSIS
12.1. Overview
12.2. Rest of the World Automated Guided Vehicle Market Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
12.3. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
12.4. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Vehicle Type
12.4.1. Unit Load Carrier
12.4.2. Tow Vehicle
12.4.3. Pallet Truck
12.4.4. Hybrid Vehicles
12.4.5. Forklift Truck
12.4.6. Others
12.5. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
12.5.1. Logistics and Warehousing
12.5.2. Assembly
12.5.3. Raw Material Handling
12.5.4. Trailer Loading and Unloading
12.5.5. Packaging
12.5.6. Others
12.6. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Navigation Technology
12.6.1. Magnetic Guidance
12.6.2. Laser Guidance
12.6.3. Vision Guidance
12.6.4. Natural Navigation
12.6.5. Inductive Guidance
12.6.6. Other
12.7. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
12.7.1. Wholesale and Distribution Sector
12.7.2. Manufacturing Sector
12.8. Rest of the World Automated Guided Vehicle Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
12.8.1. Latin America
12.8.2. Middle East
12.8.3. Africa   
13.    COMPANY PROFILES
13.1. EGEMIN AUTOMATION INC.
13.1.1. Company Overview  
13.1.2. Company Snapshot  
13.1.3. Operating business segments
13.1.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.1.5. Key business performances, strategies and developments
13.2. SWISSLOG HOLDING AG
13.2.1. Company Overview  
13.2.2. Company Snapshot  
13.2.3. Operating business segments
13.2.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.2.5. Key business performances, strategies and developments
13.3. BASTIAN SOLUTIONS, INC.
13.3.1. Company Overview
13.3.2. Company Snapshot
13.3.3. Operating business segments
13.3.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.3.5. Key business performances, strategies and developments
13.4.  DEMATIC
13.4.1. Company Overview
13.4.2. Company Snapshot
13.4.3. Operating business segments
13.4.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.4.5. Key business performances, strategies and developments
13.5. TOYOTA INDUSTRIES CORPORATION
13.5.1. Company Overview
13.5.2. Company Snapshot
13.5.3. Operating business segments
13.5.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.5.5. Key business performances, strategies and developments
13.6. SEEGRID CORPORATION
13.6.1. Company Overview
13.6.2. Company Snapshot
13.6.3. Operating business segments
13.6.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.6.5. Key business performances, strategies and developments
13.7. SCHAEFER SYSTEMS INTERNATIONAL, INC.
13.7.1. Company Overview
13.7.2. Company Snapshot
13.7.3. Operating business segments
13.7.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.7.5. Key business performances, strategies and developments
13.8. E&K AUTOMATION GMBH
13.8.1. Company Overview
13.8.2. Company Snapshot
13.8.3. Operating business segments
13.8.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.8.5. Key business performances, strategies and developments
13.9. FETCH ROBOTICS, INC.
13.9.1. Company Overview
13.9.2. Company Snapshot
13.9.3. Operating business segments
13.9.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.9.5. Key business performances, strategies and developments
13.10. SYSTEM LOGISTICS SPA
13.10.1. Company Overview
13.10.2. Company Snapshot
13.10.3. Operating business segments
13.10.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.10.5. Key business performances, strategies and developments
13.11. OTHER MARKET PLAYERS
13.11.1. Company Overview
13.11.2. Company Snapshot
13.11.3. Operating business segments
13.11.4. Vehicle Type offered and Revenue from Global Automated Guided Vehicle Business
13.11.5. Key business performances, strategies and developments


LIST OF TABLES

1. TABLE: MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
2. TABLE: MARKET FOR UNIT LOAD CARRIER, BY REGION, 2024-2032 (USD MILLION)
3. TABLE: MARKET FOR TOW VEHICLE, BY REGION, 2024-2032 (USD MILLION)
4. TABLE: MARKET FOR PALLET TRUCK, BY REGION, 2024-2032 (USD MILLION)
5. TABLE: MARKET FOR HYBRID VEHICLES, BY REGION, 2024-2032 (USD MILLION)
6. TABLE: MARKET FOR FORKLIFT TRUCK, BY REGION, 2024-2032 (USD MILLION)
7. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

8. TABLE: MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
9. TABLE: MARKET FOR LOGISTICS AND WAREHOUSING, BY REGION, 2024-2032 (USD MILLION)
10. TABLE: MARKET FOR ASSEMBLY, BY REGION, 2024-2032 (USD MILLION)
11. TABLE: MARKET FOR RAW MATERIAL HANDLING, BY REGION, 2024-2032 (USD MILLION)
12. TABLE: MARKET FOR TRAILER LOADING AND UNLOADING, BY REGION, 2024-2032 (USD MILLION)
13. TABLE: MARKET FOR PACKAGING, BY REGION, 2024-2032 (USD MILLION)
14. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

15. TABLE: MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
16. TABLE: MARKET FOR MAGNETIC GUIDANCE, BY REGION, 2024-2032 (USD MILLION)
17. TABLE: MARKET FOR LASER GUIDANCE, BY REGION, 2024-2032 (USD MILLION)
18. TABLE: MARKET FOR VISION GUIDANCE, BY REGION, 2024-2032 (USD MILLION)
19. TABLE: MARKET FOR NATURAL NAVIGATION, BY REGION, 2024-2032 (USD MILLION)
20. TABLE: MARKET FOR INDUCTIVE GUIDANCE, BY REGION, 2024-2032 (USD MILLION)
21. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

22. TABLE: MARKET, BY END USER, 2024-2032 (USD MILLION)
23. TABLE: MARKET FOR WHOLESALE AND DISTRIBUTION SECTOR, BY REGION, 2024-2032 (USD MILLION)
24. TABLE: MARKET FOR MANUFACTURING SECTOR, BY REGION, 2024-2032 (USD MILLION)
25. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

26. TABLE: MARKET, BY REGION, 2024-2032 (USD MILLION)
27. TABLE: NORTH AMERICA MARKET, BY REGION, 2024-2032 (USD MILLION)
28. TABLE: NORTH AMERICA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
29. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
30. TABLE: NORTH AMERICA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
31. TABLE: NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION)

32. TABLE: USA MARKET BY VEHICLE TYPE, 2024-2032 (USD MILLION)
33. TABLE: USA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
34. TABLE: USA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
35. TABLE: USA MARKET, BY END USER, 2024-2032 (USD MILLION)

36. TABLE: CALIFORNIA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
37. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
38. TABLE: CALIFORNIA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
39. TABLE: CALIFORNIA MARKET, BY END USER, 2024-2032 (USD MILLION)

40. TABLE: TEXAS MARKET BY VEHICLE TYPE, 2024-2032 (USD MILLION)
41. TABLE: TEXAS MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
42. TABLE: TEXAS MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)  
43. TABLE: TEXAS MARKET, BY END USER, 2024-2032 (USD MILLION)  

44. TABLE: FLORIDA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
45. TABLE: FLORIDA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
46. TABLE: FLORIDA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)  
47. TABLE: FLORIDA MARKET, BY END USER, 2024-2032 (USD MILLION)  

48. TABLE: CANADA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
49. TABLE: CANADA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
50. TABLE: CANADA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
51. TABLE: CANADA MARKET, BY END USER, 2024-2032 (USD MILLION)

52. TABLE: MEXICO MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
53. TABLE: MEXICO MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
54. TABLE: MEXICO MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
55. TABLE: MEXICO MARKET, BY END USER, 2024-2032 (USD MILLION)

56. TABLE: REST OF NORTH AMERICA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
57. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
58. TABLE: REST OF NORTH AMERICA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
59. TABLE: REST OF NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION)

60. TABLE: EUROPE MARKET, BY REGION, 2024-2032 (USD MILLION)
61. TABLE: EUROPE MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
62. TABLE: EUROPE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
63. TABLE: EUROPE MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
64. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)

65. TABLE: UK MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
66. TABLE: UK MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
67. TABLE: EUROPE MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
68. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)

69. TABLE: SPAIN MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
70. TABLE: SPAIN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
71. TABLE: SPAIN MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)  
72. TABLE: SPAIN MARKET, BY END USER, 2024-2032 (USD MILLION)  

73. TABLE: BELGIUM MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
74. TABLE: BELGIUM MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
75. TABLE: BELGIUM MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
76. TABLE: BELGIUM MARKET, BY END USER, 2024-2032 (USD MILLION)

77. TABLE: SCANDINAVIAN MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
78. TABLE: SCANDINAVIAN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
79. TABLE: SCANDINAVIAN MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
80. TABLE: SCANDINAVIAN MARKET, BY END USER, 2024-2032 (USD MILLION)

81. TABLE: GERMANY MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
82. TABLE: GERMANY MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
83. TABLE: GERMANY MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)  
84. TABLE: GERMANY MARKET, BY END USER, 2024-2032 (USD MILLION)  

85. TABLE: FRANCE MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
86. TABLE: FRANCE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
87. TABLE: FRANCE MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
88. TABLE: FRANCE MARKET, BY END USER, 2024-2032 (USD MILLION)

89. TABLE: ITALY MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
90. TABLE: ITALY MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
91. TABLE: ITALY MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
92. TABLE: ITALY MARKET, BY END USER, 2024-2032 (USD MILLION)

93. TABLE: REST OF EUROPE MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
94. TABLE: REST OF EUROPE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
95. TABLE: REST OF EUROPE MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
96. TABLE: REST OF EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)

97. TABLE: ASIA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
98. TABLE: ASIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
99. TABLE: ASIA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
100. TABLE: ASIA MARKET, BY END USER, 2024-2032 (USD MILLION)

101. TABLE: CHINA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
102. TABLE: CHINA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)   
103. TABLE: CHINA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)   
104. TABLE: CHINA MARKET, BY END USER, 2024-2032 (USD MILLION)   

105. TABLE: INDIA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
106. TABLE: INDIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
107. TABLE: INDIA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
108. TABLE: INDIA MARKET, BY END USER, 2024-2032 (USD MILLION)

109. TABLE: JAPAN MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
110. TABLE: JAPAN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
111. TABLE: JAPAN MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
112. TABLE: JAPAN MARKET, BY END USER, 2024-2032 (USD MILLION)

113. TABLE: SOUTH KOREA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
114. TABLE: SOUTH KOREA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)   
115. TABLE: SOUTH KOREA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)   
116. TABLE: SOUTH KOREA MARKET, BY END USER, 2024-2032 (USD MILLION)   

117. TABLE: INDONESIA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
118. TABLE: INDONESIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
119. TABLE: INDONESIA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
120. TABLE: INDONESIA MARKET, BY END USER, 2024-2032 (USD MILLION)

121. TABLE: REST OF ASIA MARKET, BY VEHICLE TYPE, 2024-2032 (USD MILLION)
122. TABLE: REST OF ASIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
123. TABLE: REST OF ASIA MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)
124. TABLE: REST OF ASIA MARKET, BY END USER, 2024-2032 (USD MILLION)

125. TABLE: REST OF THE WORLD MARKET, BY VEHICLE TYPE,, 2024-2032 (USD MILLION)
126. TABLE: REST OF THE WORLD MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
127. TABLE: REST OF THE WORLD MARKET, BY NAVIGATION TECHNOLOGY, 2024-2032 (USD MILLION)  
128. TABLE: REST OF THE WORLD MARKET, BY END USER, 2024-2032 (USD MILLION)  

129. TABLE: SWISSLOG HOLDING AG: COMPANY SNAPSHOT
130. TABLE: SWISSLOG HOLDING AG: OPERATING SEGMENTS
131. TABLE: BASTIAN SOLUTIONS, INC.: COMPANY SNAPSHOT
132. TABLE: BASTIAN SOLUTIONS, INC.: OPERATING SEGMENTS
133. TABLE: DEMATIC: COMPANY SNAPSHOT
134. TABLE: DEMATIC: OPERATING SEGMENTS
135. TABLE: EGEMIN AUTOMATION INC. COMPANY SNAPSHOT
136. TABLE: EGEMIN AUTOMATION INC. OPERATING SEGMENTS
137. TABLE: TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
138. TABLE: TOYOTA INDUSTRIES CORPORATION: OPERATING SEGMENTS
139. TABLE: SEEGRID CORPORATION: COMPANY SNAPSHOT
140. TABLE: SEEGRID CORPORATION: OPERATING SEGMENTS
141. TABLE: SCHAEFER SYSTEMS INTERNATIONAL, INC.: COMPANY SNAPSHOT
142. TABLE: SCHAEFER SYSTEMS INTERNATIONAL, INC.: OPERATING SEGMENTS
143. TABLE: E&K AUTOMATION GMBH: COMPANY SNAPSHOT
144. TABLE: E&K AUTOMATION GMBH: OPERATING SEGMENTS
145. TABLE: FETCH ROBOTICS, INC.: COMPANY SNAPSHOT
146. TABLE: FETCH ROBOTICS, INC.: OPERATING SEGMENTS
147. TABLE: SYSTEM LOGISTICS SPA: COMPANY SNAPSHOT
148. TABLE: SYSTEM LOGISTICS SPA: OPERATING SEGMENTS


LIST OF FIGURES

1. Figure: Market: Research Methodology Steps
2. Figure: Research Design
3. Figure: Breakdown of Primaries: Market
4. Figure: Research Methodology: Hypothesis Building
5. Figure: Market: Vehicle Type and Service-Based Estimation
6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years
7. Figure: Growth Strategies Adopted by the Key Players
8. Figure: No. of Patents Granted Per Year, 2024–2032
9. Figure: Data Triangulation Methodology
10. Figure: Dominating Market Share, By Vehicle Type, 2024 vs. 2032 (USD MILLION)
11. Figure: Dominating Market Share, By Application, 2024 vs. 2032 (USD MILLION)
12. Figure: Dominating Market Share, By Navigation Technology, 2024 vs. 2032 (USD MILLION)
13. Figure: Dominating Market Share, By End User, 2024 vs. 2032 (USD MILLION)
14. Figure: Geographical Snapshot of the Market
15. Figure: Tow Vehicles to Witness Higher Share in the Market for Vehicle Type Segment during the Forecast Period.
16. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2024
17. Figure: Market: Drivers, Restraints, Opportunities, and Challenges
18. Figure: Asia: Market Snapshot
19. Figure: Europe: Market Snapshot
20. Figure: Middle East: Market Snapshot
21. Figure: Vendor Dive: Evaluation Overview
22. Figure: Automated Guided Vehicle: Competitive Benchmarking  
23. Figure: Swisslog Holding AG: Financial Overview (2024-2032)  
24. Figure: Bastian Solutions, Inc.: Financial Overview (2024-2032)  
25. Figure: EGEMIN AUTOMATION INC. Financial Overview (2024-2032)
26. Figure: TOYOTA INDUSTRIES CORPORATION: Financial Overview (2024-2032)
27. Figure: Seegrid Corporation: Financial Overview (2024-2032)
28. Figure: E&K Automation GmbH: Financial Overview (2024-2032)
29. Figure: Fetch Robotics, Inc.: Financial Overview (2024-2032)
30. Figure: System Logistics Spa: Financial Overview (2024-2032)