September 25, 2023

Global Automated Guided Vehicle Market Projected to Grow at a CAGR of 9.8% during the Forecast Period

The Global Automated Guided Vehicle Market Research Report (2023-2030) presents an in-depth analysis of the current market status, future forecasts, growth opportunities, key markets, and leading players. This report provides detailed data on factors influencing the growth of the Automated Guided Vehicle Industry at both national and local levels. Readers will gain insights into market size forecasts, regional market share, segment and country growth opportunities, key company profiles, product portfolios, growth strategies, and more.

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Automated Guided Vehicle Size Market was USD 2 billion in 2021, and is projected to grow from USD 2.17 billion in 2022 to USD 4.11 billion by 2029 at a CAGR of 9.6% during 2022-2029.

Highlights of the Automated Guided Vehicle Market Report:

  • Comprehensive scope analysis of the Automated Guided Vehicle Industry,
  • Top Key Players in the Automated Guided Vehicle Market,
  • Detailed segmentations and market analyses,
  • Insights on major industry players, competitive landscapes, emerging market trends, regional impacts, and more.

A few top players in the industry are–

  • Oceaneering International Inc. (U.S.)
  • Toyota Advanced Logistics (Japan)
  • Daifuku Co., Ltd. (Japan)
  • KION GROUP AG (Germany)
  • Hyster-Yale Materials Handling, Inc. (U.S.)
  • JBT (U.S.)
  • Mitsubishi Caterpillar Forklift America Inc. (U.S.)
  • Crown Equipment Corporation (U.S.)
  • Seegrid Corporation (U.S.)
  • E&K Automation GmbH (Germany)
  • HIT Robot Group (China)
  • Swisslog Holding AG (Switzerland)
  • Bastian Solutions, Inc., (U.S.)
  • Dematic (U.S.)
  • BALYO (France)
  • KMH Fleet Solutions (U.S.)

Market Analysis and Insights:

The report combines quantitative and qualitative analysis, offering a macro overview of the overall market size, industry chain, and market dynamics. It delves deep into segment markets by type, application, and region, providing a holistic and insightful view of the Automated Guided Vehicle Market.

Key Industry Development:

October 2020: Seegrid Corporation acquired Box Robotics. Box Robotics is a startup dealing in mobile robotics, which specializes in three-dimensional LiDAR, high-definition maps, & deep learning. This strategic development focuses on enhancing situational awareness for its AGV’s in distribution, manufacturing, & e-commerce facilities.

April 2021: Oceaneering International’sRotator division introduced a new high-performance T-CTV (Topside Chemical Throttle Valve) for use in a variety of sectors, including oil and gas, chemical processing, wastewater treatment, medical, and pharmaceutical.

Geographical Analysis:

The report examines the production, consumption, revenue, market share, and growth rate in the following regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

Segments Covered in the Report

By Type

  • Tow Vehicles
  • Automated Forklift Trucks
  • Underride/Tunneling Vehicles
  • Assembly Line Vehicles
  • Others (Unit Load Carriers)

By Navigation Technology

  • Laser Guided
  • Magnetic Guided
  • Vision Guided
  • Others (Wire Guided)

By Application

  • Transportation & Distribution
  • Storage & Assembly
  • Packaging

By Industry

  • Automotive
  • Food & Beverage
  • E-commerce
  • Others (Healthcare)

Table of Contents:


  • Definition, by Segment
  • Research Methodology/approach
  • Data Sources
  • Key Takeaways
  • Market Share Dynamics
  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities, and Trends
  • Impact of Covid-19
    • Short-Term Impact
    • Long-Term Impact
  • Competition Landscape 2030
  • Business Strategies Adopted by Key Players
  • Consolidated Swot Analysis of Key Players
  • Global Automated Guided Vehicle Key Players Market Share Insights and Analysis, 2030
  • Key Market Share Insights and Strategic Recommendations
  • Companies Profiled (covered for Key 10 Players Only)
  • Overview
    • Key Management
    • Headquarters Etc.
  • Offerings/Business Segments
  • Key Details (subjected to Data Availability in The Public Domain And/or on Paid Databases)
    • Employee Size
    • Key Financials
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
  • Recent Developments
  • Annexure / Appendix

Key Benefits of the Report:

  • Comprehensive market analysis, including industry drivers, restraints, opportunities, and recent trends.
  • Neutral perspective on market performance.
  • Detailed insights on key players, competitive landscapes, and growth strategies.
  • Potential and niche segments exhibiting promising growth.
  • Historical, current, and projected market sizes in terms of value.

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