ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET FORECAST 2023-2032
SCOPE OF THE REPORT
Asia-Pacific Automated Guided Vehicle Market by Application (Manufacturing, Warehouse & Distribution) Market by Battery Type (Lead Battery, Lithium-ion Battery, Nickel-based Battery) Market by Vehicle Type (Tow Vehicles, Unit Load Carriers, Automated Forklift, Pallet Trucks, Other Vehicle Types) Market by Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Other Navigation Technologies) by Geography
REPORTS » AUTOMATION » ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET FORECAST 2023-2032
MARKET OVERVIEW
The Asia-Pacific automated guided vehicle market is projected to generate $2201.20 million by 2032, surging at a 7.98% CAGR during the assessment period, 2023-2032.
The automated guided vehicle market in the Asia-Pacific region has experienced remarkable growth, driven by the region’s expanding economies and the establishment of new manufacturing facilities by international Original Equipment Manufacturers (OEMs). This robust expansion is also attributed to the increased adoption of automation across various sectors, including pharmaceuticals & healthcare, food & beverages, automotive, and e-commerce. Particularly in emerging economies, the emphasis on process efficiency and productivity has significantly risen, promoting the increased uptake of automated systems.
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The Asia-Pacific automated guided vehicle market growth analysis includes a thorough study of Japan, South Korea, China, India, Singapore, Australia & New Zealand, and Rest of Asia-Pacific. China has emerged as an appealing manufacturing hub, owing to factors such as cost-effective labor, a highly skilled workforce, and advanced digital infrastructure. Recently, workplace safety has become a paramount concern for the Chinese government, leading to significant amendments in the law on work safety. These revisions emphasize work safety protocols, clarify employee rights and duties, and introduce severe penalties for non-compliance. This focus on workplace safety has encouraged businesses to incorporate automated guided vehicles into their operations to enhance safety and efficiency.
Furthermore, the rapid rise of e-commerce has necessitated vendors to augment their order-processing capacities to accommodate increasing online purchases. This expansion has precipitated a surge in the establishment of warehouses and distribution centers. Consequently, there’s a growing demand for automated guided vehicles, given their ability to efficiently transport cartons, products, and pallets within these facilities. The use of automated guided vehicles enhances operational efficiency and contributes significantly to ensuring a safer working environment.
Furthermore, with its sizable and technologically advanced manufacturing sector, Japan is globally recognized for producing high-quality, durable products. Particularly noteworthy are the robotics and electronics industries. The drive to enhance worker safety, both in the public and commercial sectors, propels the Japan automated guided vehicles market.
Besides, the increasing demand for efficiency and labor reduction in factories and warehouses in Japan has spurred automated guided vehicle adoption in recent years. Additionally, Japanese entities are making considerable R&D investments into sophisticated automated robotics technology, aiming to diversify their product portfolios to meet the escalating demand.
The Asia-Pacific automated guided vehicle market segmentation assessment entails vehicle type, battery type, navigation technology, and application. Market by application covers manufacturing, and warehouse & distribution.
Automation plays a pivotal role in manufacturing applications in diverse industries, primarily to refine processes and guarantee timely deliveries. The incorporation of automation in manufacturing not only fosters a competitive and precise production environment but also minimizes wastage, utilizing optimal practices, tools, and systems. Cost-effective automated guided vehicles (AGVs) are exemplary solutions, augmenting productivity, enhancing working conditions, and providing straightforward scalability.
AGVs have found substantial applications in various aspects of manufacturing. These include handling raw materials, facilitating work-in-process movement, delivering parts and tooling, and managing the movement of finished goods. The multifaceted utility of AGVs makes them a key component in today’s advanced manufacturing landscape.
Key players operating in the Asia-Pacific automated guided vehicle market include Toyota Industries Corporation, Daifuku Co Ltd, etc.
Daifuku Co Ltd is a global corporation that provides a comprehensive suite of services, including engineering, installation, manufacturing, design, consulting, and after-sales services for logistics systems and material handling equipment. Daifuku operates primarily across North America, Asia-Pacific, Europe, and other parts of the world, with its headquarters in Osaka, Japan.
Among its offerings, the Model M10K-T stands out as a tugger vehicle with a carrying capacity of 10,000 pounds (approximately 4500 kg). Equipped with six laser scanners, this AGV proficiently detects obstructions and personnel.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2023-2032 |
Base Year | 2022 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) |
Segments Analyzed | Application, Battery Type, Vehicle Type, and Navigation Technology |
Countries Analyzed | China, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific |
Companies Analyzed | Balyo, Daifuku Co Ltd, Hyster-Yale Materials Handling Inc, John Bean Technologies Corporation, KION Group AG, Mitsubishi Logisnext Co Ltd, Oceaneering International Inc, SSI Schaefer Group, Swisslog Holding AG, Toyota Industries Corporation, VisionNav Robotics |
TABLE OF CONTENT
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- IMPACT OF COVID-19 ON AUTOMATED GUIDED VEHICLE MARKET
- MAJOR MARKET FINDINGS
- GROWING WAREHOUSE ACTIVITIES ACROSS GLOBE
- ASIA-PACIFIC ANTICIPATED TO BE THE FASTEST-GROWING REGION
- ADVANCEMENTS IN RELATED TECHNOLOGIES
MARKET DYNAMICS
- KEY DRIVERS
- SURGING DEMAND FOR AUTOMATION IN MATERIAL HANDLING
- ADOPTION OF STRINGENT SAFETY REGULATIONS AT WORKPLACES
- IMPROVED WORKFLOW IN PRODUCTION PROCESSES
- KEY RESTRAINTS
- HIGH SETUP COSTS
- RESTRICTED FLEXIBILITY
- KEY DRIVERS
KEY ANALYTICS
- PARENT MARKET ANALYSIS
- KEY MARKET TRENDS
- INCREASING DEMAND IN E-COMMERCE FULFILMENT CENTERS
- INDUSTRY 4.0 PROMOTING INDUSTRIAL AUTOMATION
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- RAW MATERIALS SUPPLIERS
- OEMS
- DISTRIBUTORS
- END-USERS
- KEY BUYING CRITERIA
- PRODUCT FEATURES
- TYPE OF TECHNOLOGY
- PAYLOAD CAPACITY
MARKET BY APPLICATION
- MANUFACTURING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- WAREHOUSE & DISTRIBUTION
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- MANUFACTURING
MARKET BY BATTERY TYPE
- LEAD BATTERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- LITHIUM-ION BATTERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- NICKEL-BASED BATTERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- LEAD BATTERY
MARKET BY VEHICLE TYPE
- TOW VEHICLES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- UNIT LOAD CARRIERS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- AUTOMATED FORKLIFT
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- PALLET TRUCKS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER VEHICLE TYPES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- TOW VEHICLES
MARKET BY NAVIGATION TECHNOLOGY
- LASER GUIDANCE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- MAGNETIC GUIDANCE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- VISION GUIDANCE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- INDUCTIVE GUIDANCE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER NAVIGATION TECHNOLOGIES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- LASER GUIDANCE
GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- SINGAPORE
- SINGAPORE AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- BALYO
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- DAIFUKU CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- HYSTER-YALE MATERIALS HANDLING INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- JOHN BEAN TECHNOLOGIES CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- KION AG
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- MITSUBISHI LOGISNEXT CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- OCEANEERING INTERNATIONAL INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- SSI SCHAEFER GROUP
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- SWISSLOG HOLDING AG
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- TOYOTA INDUSTRIES CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- VISIONNAV ROBOTICS
- COMPANY OVERVIEW
- PRODUCT LIST
- BALYO
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – AUTOMATED GUIDED VEHICLE
TABLE 2: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 12: KEY PLAYERS OPERATING IN ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET
TABLE 13: LIST OF ACQUISITIONS
TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 8: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY MANUFACTURING, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY WAREHOUSE & DISTRIBUTION, 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2022
FIGURE 11: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY LEAD BATTERY, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY LITHIUM-ION BATTERY, 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY NICKEL-BASED BATTERY, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2022
FIGURE 15: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY TOW VEHICLES, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY UNIT LOAD CARRIERS, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY AUTOMATED FORKLIFT, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY PALLET TRUCKS, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY OTHER VEHICLE TYPES, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY NAVIGATION TYPE, IN 2022
FIGURE 21: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY LASER GUIDANCE, 2023-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY MAGNETIC GUIDANCE, 2023-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY VISION GUIDANCE, 2023-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY INDUCTIVE GUIDANCE, 2023-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY OTHER NAVIGATION TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 27: CHINA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: JAPAN AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 29: INDIA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: SOUTH KOREA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 31: SINGAPORE AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW ZEALAND AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 33: REST OF ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)
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