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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
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:
Types
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.
Applications
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:
- Dematic
- Daifuku
- Siasun
- Meidensha
- Toyota
- Swisslog
- CSG
- Yonegy
- Rocla
- JBT
- DS Automotion
- Aichikikai
- CSIC
- Ek Automation
- MIR
- Aethon
- Atab
- Seegrid
- AGVE Group
Highlights of The Automated Guided Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tugger Type
- Pallet Truck
- Unit Load Carrier
- Others
- By Application:
- Manufacturing Sector
- Wholesale and Distribution Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daifuku
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siasun
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Meidensha
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toyota
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Swisslog
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CSG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yonegy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rocla
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JBT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DS Automotion
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Aichikikai
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CSIC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ek Automation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MIR
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Aethon
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Atab
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Seegrid
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. AGVE Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
