India Automated Guided Vehicles (AGVs) Market Size 2033

India Automated Guided Vehicles (AGVs) Market Size, Share, Trends, and Forecast by Type, Mode of Operation, Navigation Technology, Application, Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29920

India Automated Guided Vehicles (AGVs) Market Size and Share:

The India automated guided vehicles (AGVs) market size reached USD 155.59 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 434.93 Million by 2033, exhibiting a growth rate (CAGR) of 12.10% during 2025-2033. The market is experiencing significant growth, driven by increasing automation in manufacturing, warehousing, and logistics. The rising demand for efficiency, cost reduction, and safety in material handling processes is fueling AGV adoption across industries, including automotive, e-commerce, and pharmaceuticals.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 155.59 Million
Market Forecast in 2033	USD 434.93 Million
Market Growth Rate (2025-2033)	12.10%

India Automated Guided Vehicles (AGVs) Market Trends:

Rising Adoption of AGVs in E-Commerce and Warehousing

The rapid expansion of the e-commerce and logistics sectors in India is significantly driving the demand for automated guided vehicles (AGVs). For instance, as per industry reports, e-commerce sector across India is anticipated to reach USD 325 Billion by the year 2030, with providers of third-party logistics projected to manage around 17 Billion shipments in upcoming 7 years. With increasing online shopping trends, companies are prioritizing automation to enhance warehouse efficiency, reduce labor dependency, and ensure faster order fulfillment. AGVs play a crucial role in streamlining material handling processes, improving inventory management, and optimizing storage space utilization. Additionally, the growing trend of smart warehouses, coupled with the adoption of Industry 4.0 technologies, has accelerated AGV implementation. Companies are investing in AI-driven navigation, sensor-based collision avoidance, and cloud-connected fleet management systems to enhance operational precision. The push for contactless operations, particularly post-pandemic, has further increased AGV deployment to minimize human intervention in high-traffic warehouse environments. With continuous technological advancements and cost reductions in automation solutions, AGVs are becoming a strategic asset for Indian logistics providers aiming for higher productivity and operational scalability.

India Automated Guided Vehicles (AGVs) Market Size

Growing Integration of AGVs in Automotive Manufacturing

The Indian automotive industry is increasingly adopting AGVs to enhance production efficiency and maintain competitiveness. Moreover, as per industry reports, the automotive industry in India secured a total equity FDI inflow of around USD 36.268 Billion during April 2000 to March 2024. This will bolster the AGVs adoption in the sector by facilitating heavy investments in smart factories and automation. As vehicle manufacturers transition towards smart manufacturing and lean production systems, AGVs are being integrated into assembly lines for seamless material transportation, parts handling, and just-in-time inventory management. AGVs eliminate manual errors, reduce downtime, and improve workplace safety by autonomously navigating factory floors with precision. Moreover, leading automobile companies are leveraging AGVs with AI-based route optimization, IoT connectivity, and real-time tracking to enhance productivity. The push for electric vehicle (EV) production has further fueled the adoption of automation, as AGVs facilitate efficient battery assembly and component logistics. For instance, as per industry reports, the government of India has set plans that 30% of the sales for new vehicles would be electric by the year 2030. Additionally, government ventures like “Make in India” and incentives for manufacturing modernization are encouraging automotive players to invest in AGV technology. As automation becomes a critical factor in optimizing manufacturing operations, AGV adoption in the Indian automotive sector is expected to witness significant growth.

India Automated Guided Vehicles (AGVs) Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, mode of operation, navigation technology, application, and industry.

Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the type. This includes tow vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks.

Mode of Operation Insights:

Indoor
Outdoor

A detailed breakup and analysis of the market based on the mode of operation have also been provided in the report. This includes indoor and outdoor.

Navigation Technology Insights:

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

A detailed breakup and analysis of the market based on the navigation technology have also been provided in the report. This includes laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others.

Application Insights:

Transportation
Distribution
Storage
Assembly
Packaging
Waste Handling

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transportation, distribution, storage, assembly, packaging, and waste handling.

Industry Insights:

Automotive
Manufacturing
Food and Beverages
Aerospace
Healthcare
Logistics
Retail
Others

A detailed breakup and analysis of the market based on the industry have also been provided in the report. This includes automotive, manufacturing, food and beverages, aerospace, healthcare, logistics, retail, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Automated Guided Vehicles (AGVs) Market News:

In January 2025, Mahindra introduced its leading-edge battery assembling and production plant in India to manufacture next-gen electric SUVs, with a significant investment of USD 540 Million. The facility is employed with AGVs to optimize material handling, highlighting company's emphasis on reliability as well as safety.
In January 2025, Schaeffler India announced the launch of its cutting-edge solutions for industrial automation, machine tools, and robotics. The company also introduced its motion systems, encompassing precision components for AGVs.

India Automated Guided Vehicles (AGVs) Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Mode of Operation Navigation Technology Application Industry Region
Types Covered	Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks
Mode of Operations Covered	Indoor, Outdoor
Navigation Technologies Covered	Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, Others
Applications Covered	Transportation, Distribution, Storage, Assembly, Packaging, Waste Handling
Industries Covered	Automotive, Manufacturing, Food and Beverages, Aerospace, Healthcare, Logistics, Retail, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
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)

Key Questions Answered in This Report:

How has the India automated guided vehicles (AGVs) market performed so far and how will it perform in the coming years?
What is the breakup of the India automated guided vehicles (AGVs) market on the basis of type?
What is the breakup of the India automated guided vehicles (AGVs) market on the basis of mode of operation?
What is the breakup of the India automated guided vehicles (AGVs) market on the basis of navigation technology?
What is the breakup of the India automated guided vehicles (AGVs) market on the basis of application?
What is the breakup of the India automated guided vehicles (AGVs) market on the basis of industry?
What are the various stages in the value chain of the India automated guided vehicles (AGVs) market?
What are the key driving factors and challenges in the India automated guided vehicles (AGVs) market?
What is the structure of the India automated guided vehicles (AGVs) market and who are the key players?
What is the degree of competition in the India automated guided vehicles (AGVs) market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India automated guided vehicles (AGVs) market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India automated guided vehicles (AGVs) market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India automated guided vehicles (AGVs) industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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