Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automated Guided Vehicle Market by Type (Tugger Type, Pallet Truck, Unit Load Carrier, Others), By Application (Manufacturing Sector, Wholesale and Distribution Sector) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automated Guided Vehicle Market by Type (Tugger Type, Pallet Truck, Unit Load Carrier, Others), By Application (Manufacturing Sector, Wholesale and Distribution Sector) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159137 3300 Machinery & Equipment 377 250 Pages 4.9 (31)

Market Overview:

The global automated guided vehicle market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for AGVs from the manufacturing sector and the wholesale and distribution sector. In terms of type, the tugger type segment is expected to lead the global automated guided vehicle market during the forecast period, followed by pallet truck, unit load carrier, and others segments. In terms of application, the manufacturing sector is expected to leadthe global automated guided vehicle market duringthe forecastperiod, followed bywholesaleand distributionsector.

Global Automated Guided Vehicle Industry Outlook

Product Definition:

An automated guided vehicle (AGV) is a mobile robot that follows markers or wires in the floor, or uses lasers or other means to stay on course. AGVs are used in factories and warehouses to move goods around.

Tugger Type:

Tugger type is a device used in AGV to provide force for propelling the vehicle. It is an essential part of AGVs and without it, they cannot move forward or backward. Tuggers are available in different forms such as chains, cables, ropes and others. The material from which the tugs are made depends on the application requirements such as steel cable for heavy-duty applications or rubber coated wire rope for light-duty applications.

Pallet Truck:

Pallet truck is a specialized truck designed to carry pallets. It has an open bed and a single or double wheeled platform at the rear end of the truck. The pallets are loaded in an alternating manner on either side of the bed using forklift-style loading arms or by using conveyor belts. They are carried by the trucks to distribution centers, warehouses, production facilities, etc.

Application Insights:

The manufacturing sector accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period. The segment is projected to account for a revenue share of around 60% by 2030. The growth can be attributed to increasing demand from end-use industries, such as automotive, construction and mining among others.

Automated guided vehicles are widely used in distribution centers owing to their ability to improve warehouse efficiency by reducing labor costs while improving inventory accuracy.

Regional Analysis:

North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent players such as Autonomous Solutions Inc., Kistler Instrumente AG, and NavInfo Corporation that are engaged in developing advanced automated guided vehicles for various applications across North America. The region is expected to continue its dominance over the forecast period owing to increasing investments by companies for deploying automated guided vehicles across different industries including manufacturing, warehousing and logistics among others.

Asia Pacific regional market captured significant growth from 2017 to 2030 due to growing adoption by end-use industries such as manufacturing, warehousing & logistics among others for their operations on account of rising labor costs and improving business processes resulting into improved operational efficiency along with cost reduction benefits at each leveler compared with manual operations leading into increased demand from emerging economies including China and India among other countries worldwide driving industry growth globally over the next eight years  (2030).

Growth Factors:

  • Increasing demand for AGVs from the automotive and manufacturing industries due to the benefits of automation and labor cost savings.
  • The increasing trend of using AGVs in e-commerce warehouses for order fulfillment and distribution is expected to drive market growth during the forecast period.
  • Growing demand for AGVs from food and beverage, retail, and pharmaceuticals sectors due to increased efficiency in material handling operations.
  • Proliferation of Internet of Things (IoT) technology that enables real-time monitoring, tracking, and management of AGV fleets is expected to fuel market growth during the forecast period.

Scope Of The Report

Report Attributes

Report Details

Report Title

Automated Guided Vehicle Market Research Report

By Type

Tugger Type, Pallet Truck, Unit Load Carrier, Others

By Application

Manufacturing Sector, Wholesale and Distribution Sector

By Companies

Dematic, Daifuku, Siasun, Meidensha, Toyota, Swisslog, CSG, Yonegy, Rocla, JBT, DS Automotion, Aichikikai, CSIC, Ek Automation, MIR, Aethon, Atab, Seegrid, AGVE Group

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Automated Guided Vehicle Market Report Segments:

The global Automated Guided Vehicle market is segmented on the basis of:


Tugger Type, Pallet Truck, Unit Load Carrier, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Manufacturing Sector, Wholesale and Distribution Sector

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Dematic
  2. Daifuku
  3. Siasun
  4. Meidensha
  5. Toyota
  6. Swisslog
  7. CSG
  8. Yonegy
  9. Rocla
  10. JBT
  11. DS Automotion
  12. Aichikikai
  13. CSIC
  14. Ek Automation
  15. MIR
  16. Aethon
  17. Atab
  18. Seegrid
  19. AGVE Group

Global Automated Guided Vehicle Market Overview

Highlights of The Automated Guided Vehicle Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Tugger Type
    2. Pallet Truck
    3. Unit Load Carrier
    4. Others
  1. By Application:

    1. Manufacturing Sector
    2. Wholesale and Distribution Sector
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automated Guided Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
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Global Automated Guided Vehicle Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Automated guided vehicles are self-driving cars that use sensors and mapping software to navigate their surroundings.

Some of the major companies in the automated guided vehicle market are Dematic, Daifuku, Siasun, Meidensha, Toyota, Swisslog, CSG, Yonegy, Rocla, JBT, DS Automotion, Aichikikai, CSIC, Ek Automation, MIR, Aethon, Atab, Seegrid, AGVE Group.

The automated guided vehicle market is expected to grow at a compound annual growth rate of 7.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Automated Guided Vehicle Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Automated Guided Vehicle Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Automated Guided Vehicle Market - Supply Chain
   4.5. Global Automated Guided Vehicle Market Forecast
      4.5.1. Automated Guided Vehicle Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Automated Guided Vehicle Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Automated Guided Vehicle Market Absolute $ Opportunity

5. Global Automated Guided Vehicle Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Automated Guided Vehicle Market Size and Volume Forecast by Type
      5.3.1. Tugger Type
      5.3.2. Pallet Truck
      5.3.3. Unit Load Carrier
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Automated Guided Vehicle Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Automated Guided Vehicle Market Size and Volume Forecast by Application
      6.3.1. Manufacturing Sector
      6.3.2. Wholesale and Distribution Sector
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Automated Guided Vehicle Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Automated Guided Vehicle Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Automated Guided Vehicle Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Automated Guided Vehicle Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Automated Guided Vehicle Demand Share Forecast, 2019-2026

9. North America Automated Guided Vehicle Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Automated Guided Vehicle Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Automated Guided Vehicle Market Size and Volume Forecast by Application
      9.4.1. Manufacturing Sector
      9.4.2. Wholesale and Distribution Sector
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Automated Guided Vehicle Market Size and Volume Forecast by Type
      9.7.1. Tugger Type
      9.7.2. Pallet Truck
      9.7.3. Unit Load Carrier
      9.7.4. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Automated Guided Vehicle Demand Share Forecast, 2019-2026

10. Latin America Automated Guided Vehicle Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Automated Guided Vehicle Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Automated Guided Vehicle Market Size and Volume Forecast by Application
      10.4.1. Manufacturing Sector
      10.4.2. Wholesale and Distribution Sector
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Automated Guided Vehicle Market Size and Volume Forecast by Type
      10.7.1. Tugger Type
      10.7.2. Pallet Truck
      10.7.3. Unit Load Carrier
      10.7.4. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Automated Guided Vehicle Demand Share Forecast, 2019-2026

11. Europe Automated Guided Vehicle Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Automated Guided Vehicle Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Automated Guided Vehicle Market Size and Volume Forecast by Application
      11.4.1. Manufacturing Sector
      11.4.2. Wholesale and Distribution Sector
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Automated Guided Vehicle Market Size and Volume Forecast by Type
      11.7.1. Tugger Type
      11.7.2. Pallet Truck
      11.7.3. Unit Load Carrier
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Automated Guided Vehicle Demand Share, 2019-2026

12. Asia Pacific Automated Guided Vehicle Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Automated Guided Vehicle Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Automated Guided Vehicle Market Size and Volume Forecast by Application
      12.4.1. Manufacturing Sector
      12.4.2. Wholesale and Distribution Sector
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Automated Guided Vehicle Market Size and Volume Forecast by Type
      12.7.1. Tugger Type
      12.7.2. Pallet Truck
      12.7.3. Unit Load Carrier
      12.7.4. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Automated Guided Vehicle Demand Share, 2019-2026

13. Middle East & Africa Automated Guided Vehicle Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Automated Guided Vehicle Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Automated Guided Vehicle Market Size and Volume Forecast by Application
      13.4.1. Manufacturing Sector
      13.4.2. Wholesale and Distribution Sector
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Automated Guided Vehicle Market Size and Volume Forecast by Type
      13.7.1. Tugger Type
      13.7.2. Pallet Truck
      13.7.3. Unit Load Carrier
      13.7.4. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Automated Guided Vehicle Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Automated Guided Vehicle Market: Market Share Analysis
   14.2. Automated Guided Vehicle Distributors and Customers
   14.3. Automated Guided Vehicle Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Dematic Overview Financials Developments Strategic Outlook
      14.4.2. Daifuku Overview Financials Developments Strategic Outlook
      14.4.3. Siasun Overview Financials Developments Strategic Outlook
      14.4.4. Meidensha Overview Financials Developments Strategic Outlook
      14.4.5. Toyota Overview Financials Developments Strategic Outlook
      14.4.6. Swisslog Overview Financials Developments Strategic Outlook
      14.4.7. CSG Overview Financials Developments Strategic Outlook
      14.4.8. Yonegy Overview Financials Developments Strategic Outlook
      14.4.9. Rocla Overview Financials Developments Strategic Outlook
      14.4.10. JBT Overview Financials Developments Strategic Outlook
      14.4.11. DS Automotion Overview Financials Developments Strategic Outlook
      14.4.12. Aichikikai Overview Financials Developments Strategic Outlook
      14.4.13. CSIC Overview Financials Developments Strategic Outlook
      14.4.14. Ek Automation Overview Financials Developments Strategic Outlook
      14.4.15. MIR Overview Financials Developments Strategic Outlook
      14.4.16. Aethon Overview Financials Developments Strategic Outlook
      14.4.17. Atab Overview Financials Developments Strategic Outlook
      14.4.18. Seegrid Overview Financials Developments Strategic Outlook
      14.4.19. AGVE Group Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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