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GLOBAL AUTOMATED GUIDED VEHICLE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global 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

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MARKET OVERVIEW

The global automated guided vehicle market is expected to reach $5103.65 million by 2032, growing at a 7.56% CAGR during the forecast period, 2023-2032. The base year considered for the study is 2022, and the estimated period is between 2023 and 2032. The market study has also analyzed the impact of COVID-19 on the global automated guided vehicle market qualitatively and quantitatively.

The activities and processes of moving materials throughout the manufacturing and distribution facilities are being advanced by automated guided vehicles. In a production setting where multiple operations are carried out at diverse times, these vehicles offer the predictable and consistent movement of items, minimizing production backlogs. Automated guided vehicles can safely navigate around items like buildings, machinery, and people owing to their advanced skills, which include identifying intersections, recognizing floor signs, and avoiding collision with obstructions.

Automated Guided Vehicle Market

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GROWTH ENABLERS

KEY GROWTH ENABLERS OF THE GLOBAL AUTOMATED GUIDED VEHICLE MARKET ARE:

  • Surging demand for automation in material handling
  • Adoption of stringent safety regulations at workplaces
    • Workplaces encounter various safety challenges, particularly during operations, including material handling, pallet handling, finished product handling, and work-in-progress mobility.
    • One of the safety measures manufacturers employ to ensure a safe working environment for employees is the deployment of automated guided vehicles (AGVs). An AGV’s sensors help detect persons in blind spot regions, greatly lowering accidents.
  • Increasing flexibility in production processes

GROWTH RESTRAINTS

KEY GROWTH RESTRAINING FACTORS OF THE GLOBAL AUTOMATED GUIDED VEHICLE MARKET ARE:

  • High setup costs
    • According to estimates, buying an AGV for a short time will be more expensive than using other human-operated equipment or hiring staff for labor.
    • Additionally, the automated guided vehicle is anticipated to require routine maintenance and repairs, which may cause operational downtime. Smaller operations that might not have easy access to funds may therefore be burdened. Therefore, high initial investment and maintenance costs are projected to restrain the market for automated guided vehicles.
  • Restricted flexibility

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KEY MARKET TRENDS

Global Automated Guided Vehicle Market | Top Trends

  • Many warehouses employ conveyors and other fixed machinery to fulfill e-commerce orders, but they increasingly use AGVs to move and pick items and conduct monotonous, risky warehousing jobs.
  • Adopting automated guided vehicles in Industry 4.0 will improve warehouse safety and enable businesses to achieve better levels of lean manufacturing. It will also significantly lower long-term labor costs and boost organizations’ productivity and profitability.

MARKET SEGMENTATION

Market Segmentation – Application, Battery Type, Vehicle Type, and Navigation Technology

Market by Application:

  • Manufacturing
    • In 2022, the majority of the market share was captured by manufacturing in the market by application.
    • Automation is widely used in various industries to improve processes and ensure on-time deliveries. Automating manufacturing processes contributes to establishing a lean, competitive manufacturing environment by reducing waste using the best practices, tools, and systems. Cost-effective AGVS are solutions that increase productivity, enhance working conditions, and are simple to scale.
  • Warehouse & Distribution

Market by Battery Type:

  • Lead Battery
  • Lithium-Ion battery
  • Nickel-Based battery

Market by Vehicle Type:

  • Tow Vehicles
  • Unit Load Carriers
  • Automated Forklifts
  • Pallet Trucks
  • Other Vehicle Types

Market by Navigation Technology:

  • Laser Guidance
  • Magnetic Guidance
  • Vision Guidance
    • Vision Guidance is anticipated to be the fastest-growing navigation technology in the market.
    • The driving techniques used in the visually guided navigation system are based on the recognition of distinguishing features such as driving lines and landmarks. There is no need to use this navigation system to change the environment or infrastructure.
    • Vision-guided AGVs use 360-degree photos to construct a 3D area map with an onboard camera. This promotes market expansion because it enables AGVs to follow a predetermined path without human help or with the inclusion of features like landmarks or positioning systems.
  • Inductive Guidance
  • Other Navigation Technologies

GEOGRAPHICAL STUDY

GEOGRAPHICAL STUDY BASED ON FOUR MAJOR REGIONS:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Poland, and Rest of Europe 
  • Asia-Pacific: China, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
    • The Asia-Pacific automated guided vehicle market is expected to grow fastest over the forecast period. The high presence of manufacturing activities is anticipated to support the market growth of automated guided vehicles.
    • This rise is attributed to the substantial efforts of governments of the region’s emerging economies to develop and digitalize the manufacturing industry.
    • The rise in the adoption of the auto guided vehicle in automotive, e-commerce, food & beverages, and pharmaceuticals & healthcare industries in emerging economies such as China, India, and South Korea contributes to the growth of the Asia-Pacific automated guided vehicles market.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

MAJOR PLAYERS IN THE GLOBAL AUTOMATED GUIDED VEHICLE MARKET:

  • Daifuku Co Ltd
  • SSI Schaefer Group
  • Hyster-Yale Materials Handling Inc
  • KION Group AG
  • Mitsubishi Logisnext Co Ltd

Key strategies adopted by some of these companies:

In January 2023, Barcoding Inc acquired FRED Automation Inc FRED Automation designs and manufactured automated guided vehicles.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedApplication, Battery Type, Vehicle Type, and Navigation Technology
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedBalyo, 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

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON AUTOMATED GUIDED VEHICLE MARKET
    5. MAJOR MARKET FINDINGS
      1. GROWING WAREHOUSE ACTIVITIES ACROSS GLOBE
      2. ASIA-PACIFIC ANTICIPATED TO BE THE FASTEST-GROWING REGION
      3. ADVANCEMENT IN RELATED TECHNOLOGIES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING DEMAND FOR AUTOMATION IN MATERIAL HANDLING
      2. ADOPTION OF STRINGENT SAFETY REGULATIONS AT WORKPLACES
      3. IMPROVED WORKFLOW IN PRODUCTION PROCESSES
    2. KEY RESTRAINTS
      1. HIGH SETUP COSTS
      2. RESTRICTED FLEXIBILITY
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY MARKET TRENDS
      1. INCREASING DEMAND IN E-COMMERCE FULFILMENT CENTERS
      2. INDUSTRY 4.0 PROMOTING INDUSTRIAL AUTOMATION
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS SUPPLIERS
      2. OEMS
      3. DISTRIBUTORS
      4. END-USERS
    8. KEY BUYING CRITERIA
      1. PRODUCT FEATURES
      2. TYPE OF TECHNOLOGY
      3. PAYLOAD CAPACITY
  5. MARKET BY APPLICATION
    1. MANUFACTURING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. WAREHOUSE & DISTRIBUTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY BATTERY TYPE
    1. LEAD BATTERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. LITHIUM-ION BATTERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. NICKEL-BASED BATTERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY VEHICLE TYPE
    1. TOW VEHICLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. UNIT LOAD CARRIERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. AUTOMATED FORKLIFT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. PALLET TRUCKS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER VEHICLE TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY NAVIGATION TECHNOLOGY
    1. LASER GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. MAGNETIC GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. VISION GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. INDUCTIVE GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER NAVIGATION TECHNOLOGIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET DRIVERS
      3. NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE AUTOMATED GUIDED VEHICLE MARKET DRIVERS
      3. EUROPE AUTOMATED GUIDED VEHICLE MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE AUTOMATED GUIDED VEHICLE MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        6. POLAND
          1. POLAND AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET DRIVERS
      3. ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        5. SINGAPORE
          1. SINGAPORE AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        6. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        7. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET DRIVERS
      3. REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLE MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. BALYO
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      2. DAIFUKU CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      3. HYSTER-YALE MATERIALS HANDLING INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. JOHN BEAN TECHNOLOGIES CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. KION AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      6. MITSUBISHI LOGISNEXT CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      7. OCEANEERING INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      8. SSI SCHAEFER GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      9. SWISSLOG HOLDING AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. TOYOTA INDUSTRIES CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      11. VISIONNAV ROBOTICS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST

LIST OF TABLES

TABLE 1:  MARKET SNAPSHOT – AUTOMATED GUIDED VEHICLE

TABLE 2:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4:  GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5:  GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6:  GLOBAL WAREHOUSE & DISTRIBUTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7:  GLOBAL WAREHOUSE & DISTRIBUTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY BATTERY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10:  GLOBAL LEAD BATTERY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11:  GLOBAL LEAD BATTERY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12:  GLOBAL LITHIUM-ION BATTERY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13:  GLOBAL LITHIUM-ION BATTERY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14:  GLOBAL NICKEL-BASED BATTERY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15:  GLOBAL NICKEL-BASED BATTERY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18:  GLOBAL TOW VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19:  GLOBAL TOW VEHICLES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20:  GLOBAL UNIT LOAD CARRIERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21:  GLOBAL UNIT LOAD CARRIERS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22:  GLOBAL AUTOMATED FORKLIFT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23:  GLOBAL AUTOMATED FORKLIFT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24:  GLOBAL PALLET TRUCKS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25:  GLOBAL PALLET TRUCKS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26:  GLOBAL OTHER VEHICLE TYPES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27:  GLOBAL OTHER VEHICLE TYPES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30:  GLOBAL LASER GUIDANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31:  GLOBAL LASER GUIDANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32:  GLOBAL MAGNETIC GUIDANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33:  GLOBAL MAGNETIC GUIDANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34:  GLOBAL VISION GUIDANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35:  GLOBAL VISION GUIDANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36:  GLOBAL INDUCTIVE GUIDANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37:  GLOBAL INDUCTIVE GUIDANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 38:  GLOBAL OTHER NAVIGATION TECHNOLOGIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39:  GLOBAL OTHER NAVIGATION TECHNOLOGIES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 41:  GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 42:  NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 43:  NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 44:  KEY PLAYERS OPERATING IN NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET

TABLE 45:  EUROPE AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 46:  EUROPE AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 47:  KEY PLAYERS OPERATING IN EUROPE AUTOMATED GUIDED VEHICLE MARKET

TABLE 48:  ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 49:  ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 50:  KEY PLAYERS OPERATING IN ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET

TABLE 51:  REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 52:  REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 53:  KEY PLAYERS OPERATING IN REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET

TABLE 54:  LIST OF ACQUISITIONS

TABLE 55:  LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 56:  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 MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: KEY BUYING CRITERIA

FIGURE 8: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 9: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY MANUFACTURING, 2023-2032 (IN $ MILLION)

FIGURE 10: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY WAREHOUSE & DISTRIBUTION, 2023-2032 (IN $ MILLION)

FIGURE 11: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2022

FIGURE 12: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY LEAD BATTERY, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY LITHIUM-ION BATTERY, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY NICKEL-BASED BATTERY, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2022

FIGURE 16: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY TOW VEHICLES, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY UNIT LOAD CARRIERS, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY AUTOMATED FORKLIFT, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY PALLET TRUCKS, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY OTHER VEHICLE TYPES, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, GROWTH POTENTIAL, BY NAVIGATION TYPE, IN 2022

FIGURE 22: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY LASER GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY MAGNETIC GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 24: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY VISION GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 25: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY INDUCTIVE GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 26: GLOBAL AUTOMATED GUIDED VEHICLE MARKET, BY OTHER NAVIGATION TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 27: NORTH AMERICA AUTOMATED GUIDED VEHICLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 28: UNITED STATES AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: CANADA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: EUROPE AUTOMATED GUIDED VEHICLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 31: UNITED KINGDOM AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: GERMANY AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: FRANCE AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: ITALY AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: SPAIN AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: POLAND AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: REST OF EUROPE AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 39: CHINA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: JAPAN AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: INDIA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: SOUTH KOREA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: SINGAPORE AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: AUSTRALIA & NEW ZEALAND AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: REST OF ASIA-PACIFIC AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: REST OF WORLD AUTOMATED GUIDED VEHICLE MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 47: LATIN AMERICA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 48: MIDDLE EAST & AFRICA AUTOMATED GUIDED VEHICLE MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

The global automated guided vehicle market was valued at $2375.19 million in 2022, and is expected to reach $5103.65 million by 2032, growing at a 7.03% CAGR during the forecast period.

Asia-Pacific is expected to be the fastest-growing region in the global automated guided vehicle market.

Lead battery is anticipated to be the largest market by battery type in the global automated guided vehicle market report.

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