The team of analysts at Emergen Research meticulously compiled the new study titled "World Automated Guided Vehicle Market" with the reader's comprehension in mind. It also contains a sizable database of industry distribution. In order to forecast the global Automated Guided Vehicle Market outlook throughout the forecast period, the study considers historical and current market circumstances (2022-2032). The elements influencing the industry's overall growth were highlighted by researchers who used a thorough approach to the examination of the worldwide market. The research examines the strengths, weaknesses, opportunities, and threats related to the growth of distinct market segments using powerful analytical methods including SWOT analysis and Porter's Five Forces.

According to the most recent analysis by Emergen Research, the global Automated Guided Vehicle (AGV) market size was USD 4.80 billion in 2022 and is anticipated to grow steadily at a rate of 10.0% during the projected period. The e-commerce sector's increased use of AGVs and the implementation of industry 4.0 technologies are two major drivers influencing market revenue growth.

In the e-commerce sector, automated guided vehicles (AGVs) are used to automate the transportation of items inside of a warehouse or fulfilment centre. An order picker can retrieve items for an order by using AGVs to move things from storage racks to packing and shipping locations. AGVs can also be used to segregate and sort products according to their destination or order type, which increases the effectiveness of the shipping process.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

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

Target Audience of the Global Automated Guided Vehicle Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Automated Guided Vehicle Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Automated Guided Vehicle market on the basis of product, application, and region:

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019-2032)
    • Hardware
    • Software
    • Service
  • Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)
    • Tow Vehicle
    • Forklift Truck
    • Pallet Truck
    • Hybrid Vehicles
    • Unit Load Carrier
    • Others
  • Navigation Technology Outlook (Revenue, USD Billion; 2019-2032)
    • Laser Guidance
    • Inductive Guidance
    • Vision Guidance
    • Magnetic Guidance
    • Natural Navigation
    • Others

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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).

Additional information offered by the report:

  • Along with a complete overview of the global Automated Guided Vehicle market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Automated Guided Vehicle market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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