December 2, 2022

Global “Automated Guided Vehicle  The report offers an analysis of existing statistics on the Global AGV Market Industry and possible forecasts. The report highlights a comprehensive market evaluation that reveals patterns in market size by sales & volume (if applicable), existing growth drivers, analyst views, information, and market progress evidence verified by the industry.

The Automated Guided Vehicle Market is projected to grow from USD 2.17 billion in 2022 to USD 4.11 billion by 2029, exhibiting a CAGR of 9.6% during the forecast period.

In order to determine the growth of the segments, the Global AGV Market analysis study assembles data obtained from various regulatory organizations. Moreover, on the basis of topography, the report also analyses the Global AGV Market industry. It reviews the geo- and microeconomic characteristics affecting the development of each region’s industry. To evaluate the development of the Global AGV Market industry, different analytical methods are used

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Top companies in the Global AGV Market research report include:

  • Oceaneering International Inc. (United States)
  • Toyota Advanced Logistics (Japan)
  • Daifuku Co., Ltd. (Japan)
  • KION GROUP AG (Germany)
  • Hyster-Yale Materials Handling, Inc., (United States)
  • JBT (United States)
  • Mitsubishi Caterpillar Forklift America Inc. (United States)
  • Crown Equipment Corporation (United States)
  • Seegrid Corporation (United States)
  • E&K Automation GmbH (Germany)
  • HIT Robot Group (China)
  • Kollmorgen (United States)
  • AGVE Group (United States)
  • ELETTRIC80 S.P.A. (Italy)
  • SI Systems, LLC. (United States)
  • Scott (Switzerland)
  • Heartland Automation LLC (United States)
  • REDVIKING (United States)
  • Swisslog Holding AG (Switzerland)


North America – The region is expected to dominate the market in the forthcoming years. This is attributable to the increasing number of import and export activities in countries such as the U.S. Several automated vehicles have been deployed by cargo and logistics companies to expedite the business operations and reduce costs. Moreover, the companies present in the region are focusing on developing advanced products and integrating technologies to optimize the business processes. North America stood at USD 0.56 billion in 2020.

Asia-Pacific – The region is expected to experience considerable growth backed by the rapid-paced growth of e-commerce in countries such as India, China, and Japan that will propel the adoption of advanced automated guided vehicles in the region between 2021 and 2028.

Market Segmentation-

  • Market Sizing Estimations and Forecasts – By Type (Value)
    • Tow Vehicles
    • Automated Forklift Trucks
    • Underride/ Tunneling Vehicles
    • Assembly Line Vehicles
    • Others (Unit Load Carriers, etc.)
  • Market Sizing Estimations and Forecasts – By Navigation Technology (Value)
    • Laser Guided
    • Magnetic Guided
    • Vision Guided
    • Others (Wire Guided, etc.)
  • Market Sizing Estimations and Forecasts – By Application (Value)
    • Transportation & Distribution
    • Storage & Assembly
    • Packaging
  • Market Sizing Estimations and Forecasts – By Industry (Value)
    • Automotive
    • Food & Beverage
    • E-commerce
    • Others (Healthcare, etc.)
  • Market Analysis, Insights and Forecast – By Region (Value)
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America

COVID-19 Outbreak Impact Analysis on AGV Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

AGV Market Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

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Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

• What is automated guided vehicle system?
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• How much is an automated guided vehicle?
• Which is the types of automated guided vehicle?
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How Does AGV Market Research Report Help?

  1. To receive insightful industry research and to provide a clear understanding of the “Automated Guided Vehicle Industry” and the commercial environment.
  2. What are the problems facing Automated Guided Vehicle Industry related producers and the emerging prospects and threats they face?
  3. Think about the Automated Guided Vehicle Industry business tactics that peers and leading companies are pursuing.
  4. AGV Market share in both volume and revenue (regional, commodity, application, end-user) along with CAGR.
  5. Main Automated Guided Vehicle Industry parameters that drive this market and curb its growth.

Major Regions for Facilities Management report are as Follows:

North America Automated Guided Vehicle Industry along with their countires (USA, Canada and Mexico)

Europe Automated Guided Vehicle Industry along with their countires (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)

Asia-Pacific Automated Guided Vehicle Industry along with their countires (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)

South America Automated Guided Vehicle Industry along with their countires (Brazil, Argentina, Colombia, rest of countries etc.)

Middle East and Africa Automated Guided Vehicle Industry along with their countires (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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Key Pointers Covered in the AGV Market Industry Trends and Forecast

  1. Automated Guided Vehicle Industry Procedure Volumes
  2. Recent Developments for Automated Guided Vehicle Industry Competitors
  3. Automated Guided Vehicle Industry Upcoming applications
  4. AGV Market Innovators study
  5. Automated Guided Vehicle Industry Product Price Analysis
  6. AGV Market Regulatory Framework and Changes
  7. Automated Guided Vehicle Industry Prices and Reimbursement Analysis
  8. AGV Market Shares in different regions
  9. AGV Market Size

To conclude, the AGV Market Study is a source of access to analysis data that is expected to speed up the business exponentially. Information such as economic scenarios, advantages, limits, patterns, market growth rates, and figures are given in the study. SWOT review, along with speculation attainability investigation and venture return investigation, is also implemented into the study.

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