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Automated Guided Vehicles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automated guided vehicles market reached a value of US$ 3.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.67 Billion by 2027, exhibiting a growth rate (CAGR) of 14.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Automated guided vehicles (AGV) refer to self-guided material handling systems or load carriers that help move and carry products autonomously across distribution centers, warehouses, or manufacturing facilities. They operate by following adjustable guidelines with the help of installed sensors and help optimize transportation while picking and storing items. They are generally installed and programmed to move pallets, carts, and trays between different manufacturing and warehousing facilities, thereby enhancing the overall efficiency, which results in increased output. AGVs provide several benefits, such as lowering labor costs and product damage, improving productivity, and supporting automated processes, due to which they are widely utilized by transportation and logistics companies across the globe.

 

 
 

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Automated Guided Vehicles Market Trends:

The market is primarily driven by the rising demand for automated warehouse solutions due to the flourishing e-commerce platforms. The demand for AGVs is further supported by the escalating need for high efficiency in material handling processes across different industries, such as automotive, healthcare, and food and beverages (F&B). Besides this, the increasing awareness regarding worker safety and the widespread preference for laser guided AGVs for achieving greater precision and flexibility are positively impacting the market. Significant investments in industrial automation projects are also acting as another major growth-inducing factor for the market. Moreover, AGVs are widely deployed for numerous Industry 4.0 solutions as their usage is often complementary with RFID tags and 5G networks, which, in turn, is facilitating their adoption. Furthermore, rapid industrialization, continual product innovations, augmenting demand for effectively managing plant assets, and extensive research and development (R&D) activities are some of the other factors that are providing a considerable boost to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automated guided vehicles market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, mode of operation, navigation technology, application and industry.

Breakup by Type:

 

 
 

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  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Trucks
     

Breakup by Mode of Operation:

  • Indoor
  • Outdoor
     

Breakup by Navigation Technology:

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Vision Guidance
  • Others
     

Breakup by Application:

  • Transportation
  • Distribution
  • Storage
  • Assembly
  • Packaging
  • Waste Handling
     

Breakup by Industry:

  • Automotive
  • Manufacturing
  • Food and Beverages
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc. and Simplex Robotics Pvt. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Mode of Operation, Navigation Technology, Application, Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc. and Simplex Robotics Pvt. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Automated Guided Vehicles Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Tow Vehicles
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Unit Load Carriers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Pallet Trucks
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Assembly Line Vehicles
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Forklift Trucks
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Mode of Operation
    7.1    Indoor
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Outdoor
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Navigation Technology
    8.1    Laser Guidance
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Magnetic Guidance
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Inductive Guidance
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Optical Tape Guidance
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Vision Guidance
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Application
    9.1    Transportation
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Distribution
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Storage
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Assembly
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Packaging
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Waste Handling
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Industry
    10.1    Automotive
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Manufacturing
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Food and Beverages
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Aerospace
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Healthcare
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Logistics
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Retail
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Bastian Solutions LLC (Toyota Industries Corporation)
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Daifuku Co. Ltd.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
        16.3.3    Ek Robotics Gmbh
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    IKV Robot Nanchang Co. Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    John Bean Technologies Corporation
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
        16.3.6    Jungheinrich AG
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
        16.3.7    Kion Group AG
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
        16.3.8    KUKA Aktiengesellschaft
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Murata Machinery Ltd.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    Schaefer Systems International Pvt Ltd.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Scott Systems International Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
        16.3.12    Simplex Robotics Pvt. Ltd.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Automated Guided Vehicles Market: Major Drivers and Challenges
Figure 2: Global: Automated Guided Vehicles Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automated Guided Vehicles Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automated Guided Vehicles Market: Breakup by Type (in %), 2021
Figure 5: Global: Automated Guided Vehicles Market: Breakup by Mode of Operation (in %), 2021
Figure 6: Global: Automated Guided Vehicles Market: Breakup by Navigation Technology (in %), 2021
Figure 7: Global: Automated Guided Vehicles Market: Breakup by Application (in %), 2021
Figure 8: Global: Automated Guided Vehicles Market: Breakup by Industry (in %), 2021
Figure 9: Global: Automated Guided Vehicles Market: Breakup by Region (in %), 2021
Figure 10: Global: Automated Guided Vehicles (Tow Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Automated Guided Vehicles (Tow Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Automated Guided Vehicles (Unit Load Carriers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Automated Guided Vehicles (Unit Load Carriers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Automated Guided Vehicles (Pallet Trucks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Automated Guided Vehicles (Pallet Trucks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Automated Guided Vehicles (Assembly Line Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Automated Guided Vehicles (Assembly Line Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Automated Guided Vehicles (Forklift Trucks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Automated Guided Vehicles (Forklift Trucks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Automated Guided Vehicles (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Automated Guided Vehicles (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Automated Guided Vehicles (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Automated Guided Vehicles (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Automated Guided Vehicles (Laser Guidance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Automated Guided Vehicles (Laser Guidance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Automated Guided Vehicles (Magnetic Guidance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Automated Guided Vehicles (Magnetic Guidance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Automated Guided Vehicles (Inductive Guidance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Automated Guided Vehicles (Inductive Guidance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Automated Guided Vehicles (Optical Tape Guidance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Automated Guided Vehicles (Optical Tape Guidance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Automated Guided Vehicles (Vision Guidance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Automated Guided Vehicles (Vision Guidance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Automated Guided Vehicles (Other Navigation Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Automated Guided Vehicles (Other Navigation Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Automated Guided Vehicles (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Automated Guided Vehicles (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Automated Guided Vehicles (Distribution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Automated Guided Vehicles (Distribution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Automated Guided Vehicles (Storage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Automated Guided Vehicles (Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Automated Guided Vehicles (Assembly) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Automated Guided Vehicles (Assembly) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Automated Guided Vehicles (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Automated Guided Vehicles (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Automated Guided Vehicles (Waste Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Automated Guided Vehicles (Waste Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Automated Guided Vehicles (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Automated Guided Vehicles (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Automated Guided Vehicles (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Automated Guided Vehicles (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Global: Automated Guided Vehicles (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Global: Automated Guided Vehicles (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Global: Automated Guided Vehicles (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Global: Automated Guided Vehicles (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Global: Automated Guided Vehicles (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Global: Automated Guided Vehicles (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Global: Automated Guided Vehicles (Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Global: Automated Guided Vehicles (Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Global: Automated Guided Vehicles (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Global: Automated Guided Vehicles (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Global: Automated Guided Vehicles (Other Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Global: Automated Guided Vehicles (Other Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: North America: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: North America: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United States: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United States: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Canada: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Canada: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Asia-Pacific: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Asia-Pacific: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: China: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: China: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Japan: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Japan: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: India: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: India: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: South Korea: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: South Korea: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Australia: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Australia: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Indonesia: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Indonesia: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Europe: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Europe: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Germany: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Germany: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: France: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: France: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: United Kingdom: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: United Kingdom: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Italy: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Italy: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Spain: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Spain: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Russia: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Russia: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Others: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 101: Others: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Latin America: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 103: Latin America: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 104: Brazil: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 105: Brazil: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 106: Mexico: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 107: Mexico: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 108: Others: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 109: Others: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 110: Middle East and Africa: Automated Guided Vehicles Market: Sales Value (in Million US$), 2016 & 2021
Figure 111: Middle East and Africa: Automated Guided Vehicles Market: Breakup by Country (in %), 2021
Figure 112: Middle East and Africa: Automated Guided Vehicles Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 113: Global: Automated Guided Vehicles Industry: SWOT Analysis
Figure 114: Global: Automated Guided Vehicles Industry: Value Chain Analysis
Figure 115: Global: Automated Guided Vehicles Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automated Guided Vehicles Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automated Guided Vehicles Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Automated Guided Vehicles Market Forecast: Breakup by Mode of Operation (in Million US$), 2022-2027
Table 4: Global: Automated Guided Vehicles Market Forecast: Breakup by Navigation Technology (in Million US$), 2022-2027
Table 5: Global: Automated Guided Vehicles Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automated Guided Vehicles Market Forecast: Breakup by Industry (in Million US$), 2022-2027
Table 7: Global: Automated Guided Vehicles Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Automated Guided Vehicles Market: Competitive Structure
Table 9: Global: Automated Guided Vehicles Market: Key Players


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Key Questions Answered in This Report

The global automated guided vehicles market was valued at US$ 3.18 Billion in 2021.

We expect the global automated guided vehicles market to exhibit a CAGR of 14.70% during 2022-2027.

The expanding transportation and logistics sectors, along with the rising demand for automated warehouse solutions for high efficiency in material handling processes, are primarily catalyzing the global automated guided vehicles market.

The sudden outbreak of the COVID-19 pandemic has led to the widespread deployment of automated guided vehicles across various end-use industries to carry products autonomously in diverse distribution centers, while reducing human interventions.

Based on the type, the global automated guided vehicles market can be segmented into tow vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks. Among these, tow vehicles hold the majority of the total market share.

Based on the mode of operation, the global automated guided vehicles market has been divided into indoor and outdoor. Currently, indoor exhibits a clear dominance in the market.

Based on the navigation technology, the global automated guided vehicles market can be categorized into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others. Among these, laser guidance currently accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global automated guided vehicles market include Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc., and Simplex Robotics Pvt. Ltd.

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