Asia Pacific Automated Guided Vehicles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Type (Standard, Hybrid, Compact, and

Asia Pacific Automated Guided Vehicles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Type (Standard, Hybrid, Compact, and Others), Vehicle Type (Pallet Trucks, Unit Load Carriers, Driverless Trains, Forklift Trucks, and Others), and End-User (General Manufacturing, Food and Beverage, Aerospace, Retail, Healthcare, Logistics, Automotive, and Others)

The Asia Pacific automated guided vehicles market is expected to grow from US$ 1,278.51 million in 2021 to US$ 3,470.27 million by 2028; it is estimated to grow at a CAGR of 15.3% from 2021 to 2028. Retailers and other logistics-related companies are collaborating and partnering with tech giants to modify the material handling industry. For instance, in August 2019, Murata Machinery, Ltd., a global provider of material handling solutions, announced a collaboration with Alert Innovation, specializing in providing automated solutions, such as automated retrieval and storage systems. Under this partnership, Murata Machinery, Ltd. has adapted the latter company’s Alphabot technology to transform grocery retail by advancing and commercializing the materials handling technology. Moreover, retailers, commerce-based companies, and businesses are deploying collaborative robots in their warehouses and expanding their businesses by acquiring large-scale robot providers. For instance, in November 2019, Teradyne, Inc., a global provider of autonomous and collaborative robots, acquired AutoGuide Mobile Robots, which provides mobile robotic solutions with reduced costs, increased flexibility, and improved workflow. This partnership was undertaken to bring autonomous mobile robots for Teradyne’s manufacturing, warehouse, and logistics. In October 2019, Shopify Inc., a multinational e-commerce company, acquired 6 River Systems, Inc., a global provider of fulfillment solutions using collaborative robots. The former company took this strategic initiative to enable the Shopify Fulfillment Network by using 6 River Systems’ fleet of collaborative mobile robots and cloud-based software. The increasing partnerships, collaboration, and mergers & acquisitions are driving the growth of the Asia Pacific automated guided vehicles market.

In Asia Pacific, India got severely impacted due to the COVID-19 pandemic. Asia Pacific countries witnessed a huge challenge due to the growing COVID-19 pandemic. Due to the outbreak of disease, healthcare industries got severely affected, considering the economic conditions in the current situation. After the first case of COVID-19 pandemic in December 2019 in Wuhan, China, the COVID-19 virus has spread to at least 180 countries and other regions. The high growth rate of industrialization in developing countries of the Asia Pacific is anticipated to offer ample growth opportunities to the market players operating in the global automated guided vehicles market. Further, logistics is amongst the prominent industries in the Asian economy due to rising e-commerce, however COVID-19 has impacted the supply chain of many industries. However, due to the government’s measures to reduce the effects of the COVID-19 outbreak by announcing lockdowns, travel and trade bans disturbed the supply chain's performance to some extent. The disturbed logistics industry witnessed minimal adoption of advanced technologies in the lockdown. All these measures are expected to have a negative impact on the demand of AGV in this region, especially in 2020.

Based on vehicle type, the pallet trucks segment led the Asia Pacific automated guided vehicles market in 2020. The automated guided vehicle pallet truck is generally used to distribute storage material. Standard pallet trucks are used for transportation of pallets from inter-department of industries. These pallet transport by truck are relatively affordable, easy to handle, flexible for internal transport, and have a load capacity of up to 3 tons. Recently, automated guided vehicles manufacturers have implemented natural navigation systems rather than laser systems due to their easy installation and ease of track modification. These pallet trucks are also identified as autonomous mobile robots. The abovementioned advantages of pallet trucks are increasing its demand, thereby driving the Asia Pacific automated guided vehicles market.

The overall Asia Pacific automated guided vehicles market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC automated guided vehicles market. The process also serves the purpose of obtaining an overview and forecast for the APAC automated guided vehicles market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, and to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC automated guided vehicles market. Balyo SA; Bastian Solutions, Inc.; Daifuku Co., Ltd.; Dematic Group (KION Group AG); Hyster-Yale Group, Inc.; JBT Corporation; Konecranes Oyj; Kuka AG; and SSI SCHAEFER Group are a few key players operating in the Asia Pacific automated guided vehicles market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC automated guided vehicles market.        
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC automated guided vehicles market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the automated guided vehicles market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution    


1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Automated Guided Vehicles Market - By Technology
1.3.2 APAC Automated Guided Vehicles Market - By Type
1.3.3 APAC Automated Guided Vehicles Market - By Vehicle Type
1.3.4 APAC Automated Guided Vehicles Market - By End-User
1.3.5 APAC Automated guided vehicles Market - By Country
2. APAC Automated Guided Vehicles Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Automated Guided Vehicles - Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Automated Guided Vehicles Market- Industry Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Automation in Material Handling Across Industries
5.1.2 Escalating Demand for AGVs in E-commerce
5.2 Market Restraints
5.2.1 Overpriced Installation, Maintenance, and Switching
5.3 Market Opportunities
5.3.1 Amalgamation of Industry 4.0
5.4 Future Trends
5.4.1 Accentuating Strategic Activities
5.5 Impact analysis
6. Automated Guided Vehicles Market - APAC Analysis
6.1 APAC Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
7. APAC Automated Guided Vehicles Market Analysis and Forecast to 2028 - By Technology
7.1 Overview
7.2 APAC Automated Guided Vehicles Market, by Technology, 2020 & 2028 (% Share)
7.3 Wired Navigation
7.3.1 Overview
7.3.2 Wired Navigation Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Guide Tape Navigation
7.4.1 Overview
7.4.2 Guide Tape Navigation Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Laser Target Navigation
7.5.1 Overview
7.5.2 Laser Target Navigation Market Revenue and Forecast to 2028 (US$ Mn)
7.6 Magnetic Navigation
7.6.1 Overview
7.6.2 Magnetic Navigation Market Revenue and Forecast to 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
8. APAC Automated Guided Vehicles Market Analysis and Forecast to 2028 - By Type
8.1 Overview
8.2 APAC Automated Guided Vehicles Market, by Type, 2020 & 2028 (% Share)
8.3 Standard
8.3.1 Overview
8.3.2 Standard Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Hybrid
8.4.1 Overview
8.4.2 Hybrid Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Compact
8.5.1 Overview
8.5.2 Compact Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
9. APAC Automated Guided Vehicles Market Analysis and Forecast to 2028 - By Vehicle Type
9.1 Overview
9.2 APAC Automated Guided Vehicles Market, by Vehicle Type, 2020 & 2028 (% Share)
9.3 Pallet Trucks
9.3.1 Overview
9.3.2 Pallet Trucks Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Unit Load Carriers
9.4.1 Overview
9.4.2 Unit Load Carriers Market Revenue and Forecast to 2028 (US$ Mn)
9.5 Driverless Trains
9.5.1 Overview
9.5.2 Driverless Trains Market Revenue and Forecast to 2028 (US$ Mn)
9.6 Forklift Trucks
9.6.1 Overview
9.6.2 Forklift Trucks Market Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
10. APAC Automated Guided Vehicles Market Analysis and Forecast to 2028 - By End-User
10.1 Overview
10.2 APAC Automated Guided Vehicles Market, by End-User, 2020 & 2028 (% Share)
10.3 General Manufacturing
10.3.1 Overview
10.3.2 General Manufacturing Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Food and Beverage
10.4.1 Overview
10.4.2 Food and Beverage Market Revenue and Forecast to 2028 (US$ Mn)
10.5 Aerospace
10.5.1 Overview
10.5.2 Aerospace Market Revenue and Forecast to 2028 (US$ Mn)
10.6 Retail
10.6.1 Overview
10.6.2 Retail Market Revenue and Forecast to 2028 (US$ Mn)
10.7 Healthcare
10.7.1 Overview
10.7.2 Healthcare Market Revenue and Forecast to 2028 (US$ Mn)
10.8 Logistics
10.8.1 Overview
10.8.2 Logistics Market Revenue and Forecast to 2028 (US$ Mn)
10.9 Automotive
10.9.1 Overview
10.9.2 Automotive Market Revenue and Forecast to 2028 (US$ Mn)
10.10 Others
10.10.1 Overview
10.10.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
11. APAC Automated Guided Vehicles Market - Country Analysis
11.1 APAC: Automated Guided Vehicles Market
11.1.1 Overview
11.1.2 APAC: Automated Guided Vehicles Market, By Country
11.1.2.1 China: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 China: Automated Guided Vehicles Market, By Technology
11.1.2.1.2 China: Automated Guided Vehicles Market, By Type
11.1.2.1.3 China: Automated Guided Vehicles Market, By Vehicle Type
11.1.2.1.4 China: Automated Guided Vehicles Market, By End-User
11.1.2.2 India: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 India: Automated Guided Vehicles Market, By Technology
11.1.2.2.2 India: Automated Guided Vehicles Market, By Type
11.1.2.2.3 India: Automated Guided Vehicles Market, By Vehicle Type
11.1.2.2.4 India: Automated Guided Vehicles Market, By End-User
11.1.2.3 Japan: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 Japan: Automated Guided Vehicles Market, By Technology
11.1.2.3.2 Japan: Automated Guided Vehicles Market, By Type
11.1.2.3.3 Japan: Automated Guided Vehicles Market, By vehicle type
11.1.2.3.4 Japan: Automated Guided Vehicles Market, By Platform
11.1.2.4 South Korea: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 South Korea: Automated Guided Vehicles Market, By Technology
11.1.2.4.2 South Korea: Automated Guided Vehicles Market, By Type
11.1.2.4.3 South Korea: Automated Guided Vehicles Market, By vehicle type
11.1.2.4.4 South Korea: Automated Guided Vehicles Market, By Platform
11.1.2.5 Australia: Automated Guided Vehicles Market - Revenue and Forecast to 202 (US$ Million)
11.1.2.5.1 Australia: Automated Guided Vehicles Market, By Type
11.1.2.5.2 Australia: Automated Guided Vehicles Market, By vehicle type
11.1.2.5.3 Australia: Automated Guided Vehicles Market, By End-User
11.1.2.6 Rest of APAC: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.1 Rest of APAC: Automated Guided Vehicles Market, By Technology
11.1.2.6.2 Rest of APAC: Automated Guided Vehicles Market, By Type
11.1.2.6.3 Rest of APAC: Automated Guided Vehicles Market, By vehicle type
11.1.2.6.4 Rest of APAC Automated Guided Vehicles (AGV) Market, by End-User
12. Impact Of COVID-19 Pandemic on APAC Automated Guided Vehicles Market
12.1 APAC: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Balyo SA
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Bastian Solutions, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Daifuku Co., Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Dematic Group (KION Group AG)
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Hyster-Yale Group, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SSI SCHAEFER Group
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 JBT Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Konecranes Oyj
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Kuka AG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
list of Tables
Table 1. APAC Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. China Automated Guided Vehicles Market, By Technology - Revenue and Forecast to 2028 (US$ Million)
Table 3. China Automated Guided Vehicles Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. China Automated Guided Vehicles Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. China Automated Guided Vehicles Market, By End-User - Revenue and Forecast to 2028 (US$ Million)
Table 6. India Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2028 (USD Million)
Table 7. India Automated Guided Vehicles (AGV) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 8. India Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2028 (USD Million)
Table 9. India Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2028 (USD Million)
Table 10. Japan Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Automated Guided Vehicles (AGV) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Automated Guided Vehicles Market, By Technology - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Automated Guided Vehicles (AGV) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2028 (USD Million)
Table 17. South Korea Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2028 (USD Million)
Table 18. Australia Automated Guided Vehicles (AGV) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 19. Australia Automated Guided Vehicles Market, by vehicle type- Revenue and Forecast to 2028 (US$ Million)
Table 20. Australia Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of APAC Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of APAC Automated Guided Vehicles (AGV) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of APAC Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of APAC Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2028 (USD Million)
Table 25. List of Abbreviation
List of Figures
Figure 1. APAC Automated Guided Vehicles Market Segmentation
Figure 2. APAC Automated Guided Vehicles Market - By Country
Figure 3. APAC Automated Guided Vehicles Market Overview
Figure 4. Laser Target Navigation Segment Held Largest Share of the Market in 2020
Figure 5. Japan to Show Remarkable Growth During Forecast Period
Figure 6. APAC: PEST Analysis
Figure 7. Expert Opinion
Figure 8. APAC Automated Guided Vehicles Market Impact Analysis of Driver and Restraints
Figure 9. APAC Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. APAC Automated Guided Vehicles Market, By Technology, 2020 & 2028 (% Share)
Figure 11. APAC Wired Navigation Market Revenue and Forecast to 2028 (US$ Mn)
Figure 12. APAC Guide Tape Navigation Market Revenue and Forecast to 2028 (US$ Mn)
Figure 13. APAC Laser Target Navigation Market Revenue and Forecast to 2028 (US$ Mn)
Figure 14. APAC Magnetic Navigation Market Revenue and Forecast to 2028 (US$ Mn)
Figure 15. APAC Others Market Revenue and Forecast to 2028 (US$ Mn)
Figure 16. APAC Automated Guided Vehicles Market, By Type, 2020 & 2028 (% Share)
Figure 17. APAC Standard Market Revenue and Forecast to 2028 (US$ Mn)
Figure 18. APAC Hybrid Market Revenue and Forecast to 2028 (US$ Mn)
Figure 19. APAC Compact Market Revenue and Forecast to 2028 (US$ Mn)
Figure 20. APAC Others Market Revenue and Forecast to 2028 (US$ Mn)
Figure 21. APAC Automated Guided Vehicles Market, By Vehicle Type, 2020 & 2028 (% Share)
Figure 22. APAC Pallet Trucks Market Revenue and Forecast to 2028 (US$ Mn)
Figure 23. APAC Unit Load Carriers Market Revenue and Forecast to 2028 (US$ Mn)
Figure 24. APAC Driverless Trains Market Revenue and Forecast to 2028 (US$ Mn)
Figure 25. APAC Forklift Trucks Market Revenue and Forecast to 2028 (US$ Mn)
Figure 26. APAC Others Market Revenue and Forecast to 2028 (US$ Mn)
Figure 27. APAC Automated Guided Vehicles Market, By End-User, 2020 & 2028 (% Share)
Figure 28. APAC General Manufacturing Market Revenue and Forecast to 2028 (US$ Mn)
Figure 29. APAC Food and Beverage Market Revenue and Forecast to 2028 (US$ Mn)
Figure 30. APAC Aerospace Market Revenue and Forecast to 2028 (US$ Mn)
Figure 31. APAC Retail Market Revenue and Forecast to 2028 (US$ Mn)
Figure 32. APAC Healthcare Market Revenue and Forecast to 2028 (US$ Mn)
Figure 33. APAC Logistics Market Revenue and Forecast to 2028 (US$ Mn)
Figure 34. APAC Automotive Market Revenue and Forecast to 2028 (US$ Mn)
Figure 35. APAC Others Market Revenue and Forecast to 2028 (US$ Mn)
Figure 36. APAC: Automated Guided Vehicles Market, by Key Country - Revenue (2020) (USD Million)
Figure 37. APAC: Automated Guided Vehicles Market Revenue Share, By Country (2020 and 2028)
Figure 38. China: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. India: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Japan: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. South Korea: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Australia: Automated Guided Vehicles Market - Revenue and Forecast to 2027 (US$ Million)
Figure 43. Rest of APAC: Automated Guided Vehicles Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. Impact of COVID-19 Pandemic in APAC Country Markets

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings