Global Automated Guided Vehicle Market, By Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pal

Published Date: | Report Code : AT1929739


Global Automated Guided Vehicle Market, By Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle, Others), By Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Optical Tape Guidance, Others), By Battery Type (Lead, Nickel, Lithium-Ion, Others), By Application (Transportation, Distribution, Storage, Assembly, Packaging, Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Automotive

Report Code : AT1929739

Status : Upcoming

Automated Guided Vehicle Market size is set to grow at a substantial CAGR over 2019-2025 driven by the emerging industry of E-Commerce.

Automated vehicles are programmed to ensure safety and security and are installed with cameras, lasers, and other sensors that enable them to operate safely within the industry, plant, or business. Increased safety contributes to lower costs and downtime in operation, which in turn improves the productivity of many activities. This factor is expected to increase the demand for automated guided vehicles in the market in the days to come.

Automated guided cars can function under circumstances where people are unable to work, for example in severe cold or heat or around hazardous materials. This is another explanation of why autonomous directed cars in the manufacturing industry worldwide are in strong supply. Replacing hand-powered product processing alternatives with automated guided vehicles decreases the likelihood of inaccuracy and enhances the possibilities of precise workflow. This, in effect, has accelerated the development of the industry for autonomous directed vehicles. Also, natural staff can operate for a restricted number of hours, while unmanned directed vehicles can operate continually.

Lead-acid batteries provide increased safety, reversibility, stable voltage, lengthy service life, and are appropriate for a broad variety of apps. They also promote the load and release of high-power. Also, batteries of lead-acid are lower than batteries of lithium-ion. All of these variables will increase the development of the industry in the coming years.

Due to the increasing request from manufacturing, shipping, meals & drinks end customers concerning the implementation of electronic directed cars in the transport industry, the transport authority retains the largest stake in the unmanned directed car industry.

Key Factors Impacting Market Growth:

  • Need to enhance operational efficiency

  • Increasing the cost of skilled labor

  • Emerging industry of E-Commerce

  • High cost of installation

Regional Analysis:

The regional outlook section for the automated guided vehicle market provides the region-wise market estimations and forecasts along with related market dynamics. Also, this section provides information about scenarios in major segments including country, type, applications, and others in the automated guided vehicle market for a particular region. Major regions considered in the study include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. The automotive sector has witnessed steady growth in recent years owing to market recovery from recent slowdowns as well as technological transitions with regards to vehicle technology. North America and Western Europe have been established markets for the automotive sector with the presence of major companies operating in the market along with comparatively short product life cycles. Also, being early adopters of the latest technologies, these regions have been witnessing major technology transitions towards green fuels and related infrastructure. Major countries in these regions include the US, Germany, France, UK, Italy, Canada, Spain, and others. Asia Pacific region is expected to register the fastest growth during the forecast period owing to the presence of key emerging economies with substantial market demand. Some of the major economies in the region include China, India, South Korea, Japan, and so on. Major companies operating in the market have made strategic developments to cater to the market demand in the region as well as increase the market presence. The Middle East and Eastern Europe are estimated to be potential markets for automated guided vehicle with growing demand from countries including UAE. Saudi Arabia, Qatar, Russia, and Turkey. Rest of the World consisting of South America and Africa is estimated to be an emerging region for automated guided vehicle markets with high demand from countries including Brazil, South Africa, Argentina, and so on.

Companies Covered: Bastian Solutions LLC, Daifuku CO. Ltd., Dematic GMBH & Co. KG, Egemin Automation Inc., EK Automation, Frog AGV Systems B.V., Hyster-Yale Materials Handling Inc., JBT Corporation, Kollmorgen, Seegrid Corporation, Swisslog Holding AG, Toyota Industrial Equipment Manufacturing Inc...

Market Segmentation:

By Type:

  • Unit Load Carrier

  • Forklift Truck

  • Tow Vehicle

  • Pallet Truck

  • Assembly Line Vehicle

  • Others

By Navigation Technology:

  • Laser Guidance

  • Magnetic Guidance

  • Vision Guidance

  • Inductive Guidance

  • Optical Tape Guidance

  • Others

By Battery Type:

  • Lead

  • Nickel

  • Lithium-Ion

  • Others

By Application:

  • Transportation

  • Distribution

  • Storage

  • Assembly

  • Packaging

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)
    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)

    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Navigation Type

    • By Battery Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the Automated Guided Vehicle Market market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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