Automated Guided Vehicles Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Automated Guided Vehicles Market Size- By Type, By Navigation Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Automated Guided Vehicles Market Size- By Type, By Navigation Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Sep 2024 Report ID: AMIN24191 Pages: 1 - 231 Formats*:     
Category : Automotive & Transportation
Automated Guided Vehicles Market Introduction and Overview

According to SPER Market Research, the Global Automated Guided Vehicles Market is estimated to reach USD 34.43 billion by 2033 with a CAGR of 16.86%.

The report includes an in-depth analysis of the Global Automated Guided Vehicles Market, including market size and trends, product mix, applications, and supplier analysis.  Automated Guided vehicles help move and transport things underway offices, stockrooms, and distribution centres without an extremely durable vehicle framework or manual intercession. Follow configurable aide courses to upgrade warehousing, picking, and transport in the AGV climate because of a few benefits like decreased work costs, less item harm, higher efficiency, and versatility to help with computerization processes. These momentous advantages support transportation and strategies for organizations to utilize Automated Guided Vehicles to expand the productivity of their tasks. Automated Guided vehicle frameworks increment execution and diminish costs by supporting the mechanization of an assembling or distribution centre office.

  • In June 2023; Dematic sent off its third-age freezer-rated automated guided vehicles highlighting progressed sensor and route innovations that outperform refreshed worldwide security norms. Planned and inherent in Australia, Dematic's whole scope of AGVs, including high-reach and offset models, are presently reasonable for cooler conditions.
  • In April 2023; Germany, Oceaneering's Mobile Robotics group bunch presented new administrative programming for its independent versatile robots. This stage oversees planned operations by organizing robots and fringe gadgets, supporting blended armadas in a single area. As indicated by Patrick Bruijn, the product offers protected, dependable information for better independent direction and is appropriate for different applications, using cloud, IIoT, AI, and large information innovations for security and versatility.
Automated Guided Vehicle Market

Market Opportunities and Challenges

Opportunities- Regardless of the development of the industry, there is a critical interest in Internet business administrations in the warehousing and operations area. This creates an opportunity for the market to grow. Utilization of AGVs offers open doors for various areas of online business. AGVs have all the earmarks of being especially appropriate for taking care of high-volume orders, with few orders for an extensive variety of SKUs covering enormous stockroom regions. The development of web-based business has expanded the number of bundles dealt with and moved, requiring the advancement of proficient and powerful material taking care of arrangements. Furthermore, with the appearance of Industry 4.0, trend-setting innovations, for like, AI and the Internet of Things (IoT) are being coordinated, permitting AGVs to become more brilliant and more effective.

Challenges- Automated integration and solution are by and large picked in the profoundly modern offices to further develop effectiveness. Such mechanization in production lines eliminates the extra work and decreases additional expense bearing by the organizations. Low work wage rates in non-industrial nations like India, Bangladesh, and Tanzania keep away from the reception of computerized coordination through the ventures in these nations. In such rising economies, work supply is plentiful at a modest expense which sets out work open doors for a huge number of day-to-day wage labourers. Organizations get to save a gigantic measure of cash by selecting modest work labour force as opposed to putting intensely into mechanized robots and frameworks. Such difficulties can be challenging to manage in the rising economies by key heads of the Automated Guided Vehicle Market.

Automated Guided Vehicle Market


Market Competitive Landscape
The Global Automated Guided vehicles Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are AGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc and Others.

Scope of the report:
 Report Metric Details
 Market size available for years 2020-2033
 Base year considered 2023
 Forecast period 2024-2033
 Segments coveredBy Type, By Navigation Technology, By Application
 Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredAGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc.
COVID-19 Impact on Global Automated Guided Vehicles Market  
The pandemic caused both fractional and complete lockdowns across the globe. Various businesses experienced efficiency holes that brought about huge misfortunes. Staff decreases subsequently additionally dialled back business. The utilization of mechanized directed vehicles has arisen as an answer for these issues in these unusually happening times. AGVs were embraced in the medical care area to manage the COVID-19 pandemic. In different ventures, the reception of these AGVs sped up the item interest due to their functioning capacities without actual contact. Autonomous Mobile Robots (AMR) move distribution centres without labourers ready. To accomplish this, they use sensors that encode and gain from the climate. AGVs follow a proper course on the ground and have a driver ready. Both AMRs and AGVs are utilized for dull and weighty work in stockrooms.

Key Target Audience:
  • Manufacturing Plants
  • Warehouses and Distribution Centres
  • Automotive Industries
  • Healthcare Facilities
  • Retail Sector
  • Airports and Ports
  • Pharmaceutical industry
Our in-depth analysis of the Global Automated Guided Vehicles Market includes the following segments:
By Type:
  • Assembly Line Vehicles
  • Pallet Trucks
  • Tow Vehicles
  • Unit Load Carriers
  • Others
  • By Navigation Technology:
  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Others
  • By Application:
  • Logistics & Warehousing
  • Assembly
  • Packaging
  • Raw Material Handling
  • Others
  • Key Topics Covered in the Report:
    • Global Automated Guided Vehicles Market  Size (FY’2024-FY’2033)
    • Overview of Global Automated Guided Vehicles Market  
    • Segmentation of Global Automated Guided Vehicles Market By Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Others)
    • Segmentation of Global Automated Guided Vehicles Market By Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Others)
    • Segmentation of Global Automated Guided Vehicles Market By Application (Logistics & Warehousing, Assembly, Packaging, Raw Material Handling, Others)
    • Statistical Snap of Global Automated Guided Vehicles Market  
    • Expansion Analysis of Global Automated Guided Vehicles Market  
    • Problems and Obstacles in Global Automated Guided Vehicles Market  
    • Competitive Landscape in the Global Automated Guided Vehicles Market  
    • Impact of COVID-19 and Demonetization on Global Automated Guided Vehicles  Market  
    • Details on Current Investment in Global Automated Guided Vehicles Market  
    • Competitive Analysis of Global Automated Guided Vehicles Market  
    • Prominent Players in the Global Automated Guided Vehicles Market  
    • SWOT Analysis of Global Automated Guided Vehicles Market  
    • Global Automated Guided Vehicles  Market Future Outlook and Projections (FY’2024-FY’2033)
    • Recommendations from Analyst 
    1. Introduction
    1.1. Scope of the report 
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Automated Guided Vehicle Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Automated Guided Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automated Guided Vehicle Market

    7. Global Automated Guided Vehicle Market, By Type (USD Million) 2020-2033
    7.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Type, 2020-2026
    7.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Type, 2027-2033
    7.3. Assembly Line Vehicles
    7.4. Pallet Trucks 
    7.5. Tow Vehicles
    7.6. Unit Load Carriers 
    7.7. Others

    8. Global Automated Guided Vehicle Market, By Navigation Technology (USD Million) 2020-2033
    8.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Navigation Technology, 2020-2026
    8.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Navigation Technology, 2027-2033
    8.3. Laser Guidance 
    8.4. Magnetic Guidance
    8.5. Inductive Guidance
    8.6. Others

    9. Global Automated Guided Vehicle Market, By Application (USD Million) 2020-2033
    9.1. Global Automated Guided Vehicle Market Size, Share and Forecast, By Application, 2020-2026
    9.2. Global Automated Guided Vehicle Market Size, Share and Forecast, By Application, 2027-2033
    9.3. Logistics & Warehousing 
    9.4. Assembly
    9.5. Packaging
    9.6. Raw Material Handling
    9.7. Others

    10. Global Automated Guided Vehicle Market Forecast, 2020-2033 (USD Million)
    10.1. Global Automated Guided Vehicle Market Size and Market Share

    11. Global Automated Guided Vehicle Market, By Region, 2020-2033 (USD Million)
    11.1. Global Automated Guided Vehicle Market Size and Market Share By Region (2020-2026)
    11.2. Global Automated Guided Vehicle Market Size and Market Share By Region (2027-2033) 
    11.3. Asia-Pacific
    11.3.1. Australia
    11.3.2. China
    11.3.3. India
    11.3.4. Japan
    11.3.5. South Korea
    11.3.6. Rest of Asia-Pacific
    11.4. Europe
    11.4.1. France
    11.4.2. Germany
    11.4.3. Italy
    11.4.4. Spain
    11.4.5. United Kingdom
    11.4.6. Rest of Europe
    11.5. Middle East and Africa
    11.5.1. Kingdom of Saudi Arabia 
    11.5.2. United Arab Emirates
    11.5.3. Qatar
    11.5.4. South Africa
    11.5.5. Egypt
    11.5.6. Morocco
    11.5.7. Nigeria
    11.5.8. Rest of Middle-East and Africa
    11.6. North America
    11.6.1. Canada
    11.6.2. Mexico
    11.6.3. United States
    11.7. Latin America
    11.7.1. Argentina
    11.7.2. Brazil
    11.7.3. Rest of Latin America 

    12. Company Profile
    12.1. AGVE Group Inc
    12.1.1. Company details
    12.1.2. Financial outlook
    12.1.3. Product summary 
    12.1.4. Recent developments
    12.2. Daifuku Co Ltd
    12.2.1. Company details
    12.2.2. Financial outlook
    12.2.3. Product summary 
    12.2.4. Recent developments
    12.3. JBT Corporation
    12.3.1. Company details
    12.3.2. Financial outlook
    12.3.3. Product summary 
    12.3.4. Recent developments
    12.4. Kion Group AG
    12.4.1. Company details
    12.4.2. Financial outlook
    12.4.3. Product summary 
    12.4.4. Recent developments
    12.5. Kuka AG
    12.5.1. Company details
    12.5.2. Financial outlook
    12.5.3. Product summary 
    12.5.4. Recent developments
    12.6. Murata Machinery
    12.6.1. Company details
    12.6.2. Financial outlook
    12.6.3. Product summary 
    12.6.4. Recent developments
    12.7. Omron Adept Technologies Inc
    12.7.1. Company details
    12.7.2. Financial outlook
    12.7.3. Product summary 
    12.7.4. Recent developments
    12.8. Others

    13. Conclusion

    14. List of Abbreviations

    15. Reference Links

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Automated Guided Vehicle Market is covered By Type, By Navigation Technology, By Application
    The North America is anticipated to have the highest Market share in the Automated Guided Vehicle Market.
    The key players in the Market include Companies Covered AGVE Group Inc, Daifuku Co Ltd, JBT Corporation, Kion Group AG, Kuka AG, Murata Machinery, and Omron Adept Technologies Inc.
    The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
    Automated Guided Vehicle Market is projected to reach 34.43 billion by 2033, growing at a CAGR of 16.86% during the forecast period.
    Automated Guided Vehicle Market grew in Market size from 2024. The Market is expected to reach 34.43 billion by 2033, at a CAGR of 16.86% during the forecast period.
    Automated Guided Vehicle Market CAGR of 16.86% during the forecast period.
    Automated Guided Vehicle Market size is 34.43 billion from 2024 to 2033.
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