Automated Guided Vehicle Market

The Automated Guided Vehicle Market report offers a global overview and forecast until 2032.

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The “Global Automated Guided Vehicle Market” research by Emergen Research is a thorough compilation of analytical data regarding the Automated Guided Vehicle sector. The research contains a market segmentation for Automated Guided Vehicle as well as a thorough evaluation of the market’s size (both in terms of volume and value). The study analyzes the present Automated Guided Vehicle Market and provides a detailed prediction for the years 2022–2032.

The global Automated Guided Vehicle (AGV) market size was USD 4.80 billion in 2022 and is expected to register a steady revenue CAGR of 10.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing usage of AGVs in the e-commerce industry and greater adoption of Industry 4.0 technologies are key factors driving market revenue growth.

Automated guided vehicles (AGVs) are used in the e-commerce industry to automate the movement of goods within a warehouse or fulfillment center. AGVs can be used to transport products from storage racks to packing and shipping areas, where an order picker can retrieve items for an order. In addition, AGVs can be used to sort and separate products based on their destination or order type, improving the efficiency of the shipping process.

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Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Automated Guided Vehicle market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Automated Guided Vehicle market and pinpoint the fundamental growth trends.

The leading market contenders listed in the report are:

Swisslog Holding AG, Egemin Automation Inc., Bastian Solutions, LLC, Daifuku Co., Ltd., Dematic, JBT, Seegrid Corporation, TOYOTA INDUSTRIES CORPORATION, Hyster-Yale Materials Handling, Inc., and BALYO

Global Automated Guided Vehicle Market Highlights:

Regional demand estimation and forecast

Product Mix Matrix

R&D Analysis

Cost-Benefit Analysis

Pre-commodity pricing volatility

Supply chain optimization analysis

Technological updates analysis

Raw Material Sourcing Strategy

Competitive Analysis

Mergers & Acquisitions

Location Quotients Analysis

Carbon Footprint Analysis

Patent Analysis

Vendor Management

Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

Regional Segmentation:

North America

Latin America


Middle East & Africa

Asia Pacific

Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

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Some Key Highlights From the Report

The hardware segment is expected to account for largest revenue share over the forecast period. This is attributed to rising demand for advanced sensors such as Laser sensors, image sensors, and others in AGVs.

The tow vehicle segment accounted for largest revenue share in 2022. This is due to rising demand for small and sophisticated automated tow vehicles using software and sensors to navigate automatically.

The laser guidance segment accounted for largest revenue share in 2022. This can be attributed to increasing use of laser guidance systems to navigate with higher accuracy and precision.

The logistics and warehousing segment accounted for largest revenue share in 2022. This is due to increasing popularity of AGVs in logistics and warehousing that can be programmed to perform independently without much human intervention, which in turn, has risen demand for AGVs in logistics and warehouses.

The wholesale and distribution sector segment is expected to account for highest revenue share over the forecast period. Increasing popularity for new technologies such as Radio-Frequency Identification (RFID) that can be used in AGVs for inventory management.

The Europe market is expected to account for largest revenue share over the forecast period. This is due to increasing initiatives and conducive policies to facilitate smart manufacturing as well as support from the European Union (EU).

Market Overview:

The report bifurcates the Automated Guided Vehicle market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Component Outlook (Revenue, USD Billion; 2019-2032)




Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)

Tow Vehicle

Forklift Truck

Pallet Truck

Hybrid Vehicles

Unit Load Carrier


Navigation Technology Outlook (Revenue, USD Billion; 2019-2032)

Laser Guidance

Inductive Guidance

Vision Guidance

Magnetic Guidance

Natural Navigation


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Key reasons to buy the Global Automated Guided Vehicle Market report:

The latest report comprehensively studies the global Automated Guided Vehicle market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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