Automated Guided Vehicle Market Size, Share, By Component, Vehicle Type, Battery Type, Mode of Operation, Navigation Technology, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035

Automated Guided Vehicle Market Size, Share, By Component, Vehicle Type, Battery Type, Mode of Operation, Navigation Technology, Application, End-User, and Region - Trends, Analysis, and Forecast till 2035

Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market is growing due to an increase in demand for automation and automated guided vehicles in many industries, as well as improvements in safety, accuracy, and productivity. In addition, lower labour costs in companies help to drive market expansion. However, the automated guided vehicle market's growth is hampered by high initial investment costs and a lack of flexibility. Further, implementation of industry 4.0 is predicted to give attractive growth prospects for firms functioning in the automated guided vehicle market.

The report " Automated Guided Vehicle Market, By Type (Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided), By Application (Logistics and Assembly and Packaging), By End Use Industry (Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030’’

Key Highlights:

• Toyota Industries and All Nippon Airways (ANA) teamed in March 2021 to test Japan's first autonomous towing tractors at Saga Airport. The towing tractors employ 2D/3D LiDAR sensors to autonomously detect obstacles in their path and modify their trajectory accordingly.
• Daifuku teamed with AFT Industries, a German automation and conveyor technology business, in February 2021 to take advantage of the latter's expertise in upgrading material handling systems for the automobile industry. The cooperation will focus on creating new avenues to meet the global demand for car manufacturers' material management systems.
• EK Robotics will debut the VARIO MOVE transport vehicle in April 2020. It is made up of a drive unit that may be flexibly outfitted with various load handling accessories via universal interfaces.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
• Market intelligence to enable effective decision-making
• Growth opportunities and trend analyses
• Market estimates and forecasts from 2025 to 2035
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis

List of Key Players in the Market:

• Daifuku Co., Ltd.
• Oceaneering International, Inc.
• AIM
• Dematic
• TOYOTA
• IDC Corporation
• AGVE
• ALIGN PRODUCTION SYSTEMS
• Bastian Solutions, LLC
• Barcoding Inc.
• ZEBRA
• HOJ INNOVATIONS
• ANSCER Robotics
• JBT
• KUKA AG
• Murata Machinery, Ltd.
• Seegrid

Analyst View:

The demand for automation is growing in the automotive, healthcare, e-commerce, and food and beverage industries due to the overall requirement for high efficiency. AGV-enabled industrial facility automation can help satisfy material handling capacity requirements while also lowering production time, minimizing the risk of human mistake, improving safety, ensuring high production volumes, and increasing precision and repeatability. AGVs provide for just-in-time (JIT) raw material delivery, computerized management of received completed parts, and tracking of dispatched items. AGVs assist in the storage, distribution, and transportation of materials without the need for human interaction, reducing the risk of worker injury and product damage while also improving accuracy.

Key Market Insights from the report:

Automated Guided Vehicle Market accounted for US$ 5.43 billion in 2020 and is estimated to be US$ 24.05 billion by 2030 and is anticipated to register a CAGR of 16.2%. The automated guided vehicle market report segments the market on the basis of type, technology, application, end use industry, and region.

• Based on Type, Automated Guided Vehicle Market is segmented into Tow Vehicle, Unit Load Career, Pallet Truck, Forklift Truck, and Others.
• Based on Technology, Automated Guided Vehicle Market is segmented into Laser Guidance, Magnetic Guidance, Natural Navigation, and Vision Guided.
• Based on Application, Automated Guided Vehicle Market is segmented into Logistics and Assembly and Packaging.
• Based on End-User Industry, Automated Guided Vehicle Market is segmented into Automotive, Manufacturing, Food and Beverage, Aerospace, Healthcare, Retail, and Others.
• By Region, the Automated Guided Vehicle Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Automated Guided Vehicle Market:

Key players in the automated guided vehicle market includes, Swisslog Holding AG, Daifuku Co. Ltd., Egemin Automation Inc., Bastian Solutions Inc., Toyota Industries Corporation, Dematic Corp., JBT Corporation, Seegrid Corporation, Hyster-Yale Group Inc., Balyo Inc., Kollmorgen Corporation, and E&K Automation GMBH.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

Segmentation:

By Component:

• Hardware
• Cobots
• Actuators
• Others
• Software
• Navigation System
• Fleet Management Software
• Others

By Vehicle Type:

• Tow Vehicles
• Automated Forklift Trucks
• Underride or Tunneling Vehicles
• Assembly Line Vehicles
• Others

By Battery Type:

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

By Mode of Operation:

• Indoor
• Outdoor

By Navigation Technology:

• Laser Guidance
• Magnetic Guidance
• Vision Guidance
• Inductive Guidance
• Natural Navigation
• Others

By Application:

• Logistics and Warehousing
• Assembly
• Packaging
• Trailer Loading and Unloading
• Raw Material Handling
• Others

By End-User:

• Manufacturing Sector
• Automotive, Pharmaceuticals
• Aerospace and Defense
• Others
• Wholesale Distribution Sector
• E-commerce
• Grocery Stores
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Key Questions Answered:

• How is the Automated Guided Vehicle Market expected to evolve by 2035?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2035?
• Who are the leading players in the market, and what are their prospects?