Automated Guided Vehicle Market by Type (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Battery Type (Lead, Nickel, Lithium Ion), Application, Navigation Technology, Industry, & Geography - Global Forecast 2023

  • ID: 4605744
  • Report
  • Region: Global
  • 177 Pages
  • Markets and Markets
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Automated Guided Vehicle (AGV) Market is Estimated to Grow at a CAGR of 8.02% From 2018 to 2023

FEATURED COMPANIES

  • Addverb Technologies
  • Fetch Robotics
  • KION Group
  • KUKA
  • Oceaneering International
  • SSI Schaefer
  • MORE

“Automated guided vehicle (AGV) market is estimated to grow at a CAGR of 8.02% from 2018 to 2023”

The AGV market is expected to grow from USD 1.86 billion in 2018 to USD 2.74 billion by 2023, at a CAGR of 8.02% from 2018 to 2023. The overall market growth is driven by the factors such as rising demand for automation in material handling across industries, emerging e-commerce industry, growing requirement for workplace safety standards, increasing productivity owing to improved supply chain processes. However, high installation, maintenance, and switching costs and the initial price complexity of AGVs might restrain the growth of the AGV market.

“Laser guidance navigation technology accounted for the largest market size in 2017”

AGVs based on laser guidance navigation technology accounted for the largest market size in 2017. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It has reflectors mounted on walls, along with the vehicle’s route. A rotating laser scanner mounted on the vehicle sends laser beams and detects its reflections, gathering information on distance and angle, which gets stored in the vehicle memory. The AGV can analyze its position based on this information.

“AGV market in APAC to grow at the highest CAGR during the forecast period”

The AGV market in APAC is expected to grow at the highest CAGR during the forecast period. APAC registered the highest CAGR owing to the fast-growing e-commerce industry, booming manufacturing sector, and increasing installations of AGVs by emerging economies such as China and India. Moreover, governments in APAC countries are increasingly emphasizing on establishing safety and security standards on production floors, which can be best achieved by the implementation of AGVs. In countries such as China and Japan, the AGV market is witnessing rapid growth owing to increasing investments by manufacturers and suppliers in AGVstowward the deployment of AGVs at warehouses and distribution centers.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players. The breakup of the profile of primaries has been given below:

  • By Company Type: Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%
  • By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
  • By Region: North America – 43%, Europe – 29%, APAC – 14%, and RoW – 14%

Companies that provide a range of customized solutions are expected to emerge as the game changers in this market.

Research Coverage:

In this report, segments such as type, navigation technology, application, battery type, industry, and geography have been covered. The report also discusses drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW. The value chain analysis has also been included in the report.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the AGV market, by type, navigation technology, application, battery type, industry, and geography, along with the market size of each subsegment.
  • Major drivers, restraints, opportunities, and challenges for the market have been provided in detail in this report.
  • This report would help stakeholders to understand their competitors better and gain more insights to enhance their company’s position in the market. The competitive landscape section includes competitor ecosystem and recent development strategies adopted by key players in the market, such as product launches and developments, partnerships, and mergers and acquisitions.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Addverb Technologies
  • Fetch Robotics
  • KION Group
  • KUKA
  • Oceaneering International
  • SSI Schaefer
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Major Opportunities in Automated Guided Vehicle (AGV) Market
    4.2 Automated Guided Vehicle Market, By Type
    4.3 Automated Guided Vehicle Market, By Navigation Technology
    4.4 Automated Guided Vehicle Market in APAC
    4.5 Automated Guided Vehicle Market, By Region

5 Market Overview

5.1 Introduction
    5.2 Market Dynamics: Automated Guided Vehicle (AGV) Market
           5.2.1 Drivers
                    5.2.1.1 Demand for Automation in Material Handling Across Industries
                    5.2.1.2 Emerging E-Commerce Industry
                    5.2.1.3 Improved Safety Standards at Workplaces
                    5.2.1.4 Enhanced Productivity Enabled By Improved Supply Chain Processes
           5.2.2 Restraints
                    5.2.2.1 High Installation, Maintenance, and Switching Costs
                    5.2.2.2 Initial Price Complexity of AGVs
           5.2.3 Opportunities
                    5.2.3.1 Integration of Industry 4.0 With Industrial Automation Solutions
                    5.2.3.2 Adoption of Industrial Automation By SMEs
                    5.2.3.3 Industrial Growth in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Low Labor Cost in Emerging Countries
                    5.2.4.2 Real-Time Technical Challenges

6 Value Chain Analysis

6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Mergers & Acquisitions in Automated Guided Vehicle (AGV) Market
           6.3.1 Toyota Industries Acquired Vanderlande Industries and Bastian Solutions to Strengthen Its Position in Automated Material Handling Market in 2017
           6.3.2 Kion Group Became A Global Leader in Intralogistics and Automated Material Handling Market With Three Acquisitions
    6.4 Factors Influencing the Price of Automated Guided Vehicles (AGVs)
    6.5 Key Trends
           6.5.1 Industry 4.0 (Fourth Industrial Revolution):
           6.5.2 Implementation of 5G in AGVs:
    6.6 Safety Standards

7 Automated Guided Vehicle Market, By Type

7.1 Introduction
    7.2 Unit Load Carrier
    7.3 Forklift Truck
    7.4 Tow Vehicle
    7.5 Pallet Truck
    7.6 Assembly Line Vehicle
    7.7 Others

8 Automated Guided Vehicle Market, By Navigation Technology

8.1 Introduction
    8.2 Laser Guidance
    8.3 Magnetic Guidance
    8.4 Vision Guidance
    8.5 Inductive Guidance
    8.6 Optical Tape Guidance
    8.7 Others

9 Automated Guided Vehicle Market, By Industry

9.1 Introduction
    9.2 Automotive
    9.3 Manufacturing
    9.4 Food & Beverage
    9.5 Aerospace
    9.6 Healthcare
    9.7 Logistics
    9.8 Retail
    9.9 Others

10 Automated Guided Vehicle Market, By Application

10.1 Introduction
     10.2 Transportation
     10.3 Distribution
     10.4 Storage
     10.5 Assembly
     10.6 Packaging
     10.7 Others

11 Automated Guided Vehicle Market, By Battery Type

11.1 Introduction
     11.2 Lead
     11.3 Nickel-Based
     11.4 Lithium-Ion
     11.5 Others

12 Automated Guided Vehicle Market, By Geography

12.1 Introduction
     12.2 North America
             12.2.1 The US
             12.2.2 Canada
             12.2.3 Mexico
     12.3 Europe
             12.3.1 Germany
             12.3.2 The UK
             12.3.3 France
             12.3.4 Rest of Europe
     12.4 Asia Pacific (APAC)
             12.4.1 China
             12.4.2 Japan
             12.4.3 India
             12.4.4 Australia
             12.4.5 South Korea
             12.4.6 Rest of APAC
     12.5 RoW
             12.5.1 South America
             12.5.2 Africa
             12.5.3 Middle East

13 Competitive Landscape

13.1 Overview
     13.2 Market Ranking of Players, 2017
     13.3 Competitive Scenario
             13.3.1 New Product Developments and Launches
             13.3.2 Partnerships, Agreements, and Collaborations
             13.3.3 Acquisitions
             13.3.4 Expansions

14 Company Profiles

14.1 Key Players
             14.1.1 Daifuku
             14.1.2 JBT Corporation
             14.1.3 Kion Group
             14.1.4 Toyota Industries
             14.1.5 Kuka
             14.1.6 Hyster-Yale Materials Handling
             14.1.7 EK Automation
             14.1.8 Seegrid Corporation
             14.1.9 Kollmorgen
             14.1.10 SSI Schafer
     14.2 Key Innovators
             14.2.1 Locus Robotics
             14.2.2 Fetch Robotics
             14.2.3 Invia Robotics
             14.2.4 Addverb Technologies
             14.2.5 Motum
     14.3 Other Companies
             14.3.1 Transbotics Corporation
             14.3.2 Ifuture Robotics
             14.3.3 Oceaneering International
             14.3.4 Savant Automation
             14.3.5 Konecranes

15 Appendix

List of Tables

  • Table 1 E-Commerce Industry Expected to Witness Significant Growth (In Terms of Number of Online Buyers)
  • Table 2 Automated Guided Vehicle Market, By Type, 2015–2023 (USD Million)
  • Table 3 Automated Guided Vehicle Market for Unit Load Carrier, By Industry, 2015–2023 (USD Million)
  • Table 4 Automated Guided Vehicle Market for Unit Load Carrier, By Navigation Technology, 2015–2023 (USD Million)
  • Table 5 Automated Guided Vehicle Market for Unit Load Carrier, By Region, 2015–2023 (USD Million)
  • Table 6 Automated Guided Vehicle Market for Forklift Truck, By Industry, 2015–2023 (USD Million)
  • Table 7 Automated Guided Vehicle Market for Forklift Truck, By Navigation Technology, 2015–2023 (USD Million)
  • Table 8 Automated Guided Vehicle Market for Forklift Truck, By Region, 2015–2023 (USD Million)
  • Table 9 Automated Guided Vehicle Market for Tow Vehicle, By Industry, 2015–2023 (USD Million)
  • Table 10 Automated Guided Vehicle Market for Tow Vehicle, By Navigation Technology, 2015–2023 (USD Million)
  • Table 11 Automated Guided Vehicle Market for Tow Vehicle, By Region, 2015–2023 (USD Million)
  • Table 12 Automated Guided Vehicle Market for Pallet Trucks, By Industry, 2015–2023 (USD Million)
  • Table 13 Automated Guided Vehicle Market for Pallet Truck, By Navigation Technology, 2015–2023 (USD Million)
  • Table 14 Automated Guided Vehicle Market for Pallet Trucks, By Region, 2015–2023 (USD Million)
  • Table 15 Automated Guided Vehicle Market for Assembly Line Vehicles, By Industry, 2015–2023 (USD Million)
  • Table 16 Automated Guided Vehicle Market for Assembly Line Vehicle, By Navigation Technology, 2015–2023 (USD Million)
  • Table 17 Automated Guided Vehicle Market for Assembly Line Vehicle, By Region, 2015–2023 (USD Million)
  • Table 18 Automated Guided Vehicle Market for Other Types, By Industry, 2015–2023 (USD Million)
  • Table 19 Automated Guided Vehicle Market for Others, By Navigation Technology, 2015–2023 (USD Million)
  • Table 20 Automated Guided Vehicle Market for Others, By Region, 2015–2023 (USD Million)
  • Table 21 Automated Guided Vehicle Market, By Navigation Technology, 2015–2023 (USD Million)
  • Table 22 Automated Guided Vehicle Market for Laser Guidance, By Type, 2015–2023 (USD Million)
  • Table 23 Automated Guided Vehicle Market for Magnetic Guidance, By Type, 2015–2023 (USD Million)
  • Table 24 Automated Guided Vehicle Market for Vision Guidance, By Type, 2015–2023 (USD Million)
  • Table 25 Automated Guided Vehicle Market for Inductive Guidance, By Type, 2015–2023 (USD Million)
  • Table 26 Automated Guided Vehicle Market for Optical Tape Guidance, By Type, 2015–2023 (USD Million)
  • Table 27 Automated Guided Vehicle Market for Others, By Type, 2015–2023 (USD Million)
  • Table 28 Automated Guided Vehicle Market, By Industry, 2015–2023 (USD Million)
  • Table 29 Automated Guided Vehicle Market for Automotive Industry, By Type, 2015–2023 (USD Million)
  • Table 30 Automated Guided Vehicle Market for Automotive Industry, By Region, 2015–2023 (USD Million)
  • Table 31 Automated Guided Vehicle Market for Manufacturing Industry, By Type, 2015–2023 (USD Million)
  • Table 32 Automated Guided Vehicle Market for Manufacturing Industry, By Region, 2015–2023 (USD Million)
  • Table 33 Automated Guided Vehicle Market for Food & Beverages Industry, By Type, 2015–2023 (USD Million)
  • Table 34 Automated Guided Vehicle Market for Food & Beverages Industry, By Region, 2015–2023 (USD Million)
  • Table 35 Automated Guided Vehicle Market for Aerospace Industry, By Type, 2015–2023 (USD Million)
  • Table 36 Automated Guided Vehicle Market for Aerospace Industry, By Region, 2015–2023 (USD Million)
  • Table 37 Automated Guided Vehicle Market for Healthcare Industry, By Type, 2015–2023 (USD Million)
  • Table 38 Automated Guided Vehicle Market for Healthcare Industry, By Region, 2015–2023 (USD Million)
  • Table 39 Automated Guided Vehicle Market for Logistics Industry, By Type, 2015–2023 (USD Million)
  • Table 40 Automated Guided Vehicle Market for Logistics Industry, By Region, 2015–2023 (USD Million)
  • Table 41 Automated Guided Vehicle Market for Retail Industry, By Type, 2015–2023 (USD Million)
  • Table 42 Automated Guided Vehicle Market for Retail Industry, By Region, 2015–2023 (USD Million)
  • Table 43 Automated Guided Vehicle Market for Others, By Type, 2015–2023 (USD Million)
  • Table 44 Automated Guided Vehicle Market for Others, By Region, 2015–2023 (USD Million)
  • Table 45 Automated Guided Vehicle Market, By Application, 2015–2023 (USD Million)
  • Table 46 Automated Guided Vehicle Market for Transportation, By Industry, 2015–2023 (USD Million)
  • Table 47 Automated Guided Vehicle Market for Distribution, By Industry, 2015–2023 (USD Million)
  • Table 48 Automated Guided Vehicle Market for Storage, By Industry, 2015–2023 (USD Million)
  • Table 49 Automated Guided Vehicle Market for Assembly, By Industry, 2015–2023 (USD Million)
  • Table 50 Automated Guided Vehicle Market for Packaging, By Industry, 2015–2023 (USD Million)
  • Table 51 Automated Guided Vehicle Market for Others, By Industry, 2015–2023 (USD Million)
  • Table 52 Automated Guided Vehicle Market, By Battery Type, 2015–2023 (USD Million)
  • Table 53 Lithium Ion Batteries in AGV Market, By Automated Guided Vehicle Type, 2015–2023 (USD Million)
  • Table 54 Lithium Ion Batteries in Automated Guided Vehicle Market, By Region, 2015–2023 (USD Million)
  • Table 55 AGV Market for Lithium Ion Batteries for Unit Load Carriers, By Region, 2015–2023 (USD Million)
  • Table 56 AGV Market for Lithium-Ion Batteries for Forklift Trucks, By Region, 2015–2023 (USD Million)
  • Table 57 AGV Market for Lithium-Ion Battery for Tow Vehicles, By Region, 2015–2023 (USD Million)
  • Table 58 AGV Market for Lithium-Ion Battery for Pallet Trucks, By Region, 2015–2023 (USD Million)
  • Table 59 AGV Market for Lithium-Ion Battery for Assembly Line Vehicles, By Region, 2015–2023 (USD Million)
  • Table 60 AGV Market for Lithium-Ion Battery for Other Vehicle Types, By Region, 2015–2023 (USD Million)
  • Table 61 Automated Guided Vehicle Market, By Region, 2015–2023 (USD Million)
  • Table 62 Automated Guided Vehicle Market in North America, By Country 2015–2023 (USD Million)
  • Table 63 Automated Guided Vehicle Market in North America, By Industry, 2015–2023 (USD Million)
  • Table 64 Automated Guided Vehicle Market in North America, By Type, 2015–2023 (USD Million)
  • Table 65 Automated Guided Vehicle Market in Europe, By Country 2015–2023 (USD Million)
  • Table 66 Automated Guided Vehicle Market in Europe, By Industry, 2015–2023 (USD Million)
  • Table 67 Automated Guided Vehicle Market in Europe, By Type, 2015–2023 (USD Million)
  • Table 68 Automated Guided Vehicle Market in APAC, By Country 2015–2023 (USD Million)
  • Table 69 Automated Guided Vehicle Market in APAC, By Industry, 2015–2023 (USD Million)
  • Table 70 Automated Guided Vehicle Market in APAC, By Type, 2015–2023 (USD Million)
  • Table 71 Automated Guided Vehicle Market in RoW, By Country 2015–2023 (USD Million)
  • Table 72 Automated Guided Vehicle Market in RoW, By Industry, 2015–2023 (USD Million)
  • Table 73 Automated Guided Vehicle Market in RoW, By Type, 2015–2023 (USD Million)
  • Table 74 Market Ranking for Automated Guided Vehicle Market, 2017
  • Table 75 New Product Developments and Launches, 2015 –2017
  • Table 76 Partnerships, Agreements, and Collaborations, 2017–2018
  • Table 77 Acquisitions, 2014-2017
  • Table 78 Investments and Expansions, 2016–2017

List of Figures

  • Figure 1 Research Design
  • Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
  • Figure 3 Market Size Estimation Methodology: Top-Down Approach
  • Figure 4 Data Triangulation
  • Figure 5 Assumptions of Research Study
  • Figure 6 Automated Guided Vehicle Market, 2015–2023
  • Figure 7 Other Type of AGVs Expected to Witness Highest Growth Rate in Automated Guided Vehicle Market During Forecast Period
  • Figure 8 Laser Guidance Navigation Technology to Hold Largest Share in Automated Guided Vehicle Market 2018
  • Figure 9 Automotive Industry to Hold Largest Share of Automated Guided Vehicle Market in 2018
  • Figure 10 Transportation Application Expected to Have Largest Market Size in 2018
  • Figure 11 AGV Market for Lithium Ion Battery Type Expected to Grow at Highest CAGR During Forecast Period
  • Figure 12 Europe Held Largest Share of Automated Guided Vehicle Market in 2017
  • Figure 13 AGV Market in APAC to Grow at the Highest Rate During the Forecast Period
  • Figure 14 Automated Guided Vehicle Market for Tow Vehicle Expected to Hold Largest Size in 2018
  • Figure 15 Automated Guided Vehicle Market for Vision Guidance Technology to Grow at Highest CAGR During Forecast Period
  • Figure 16 Automotive Industry Held Largest Share of Automated Guided Vehicle Market in APAC in 2017
  • Figure 17 US Held Largest Share of Automated Guided Vehicle Market in 2017
  • Figure 18 Automated Guided Vehicle (AGV) Market Dynamics
  • Figure 19 Parent and Adjacent Market of Automated Guided Vehicles (AGVs)
  • Figure 20 Value Chain Analysis: Manufacturing & Assembly/System Integration Add Maximum Value to the Value Chain
  • Figure 21 Vanderlande Industries and Bastian Solutions Combinedly Enhances Toyota’s Product and Service Offerings in Automated Material Handling Market
  • Figure 22 The Recent Acquisitions By Kion Group Granted It A Significant Share of Global Automated Material Handling Market
  • Figure 23 Automated Guided Vehicle Market, By Type
  • Figure 24 Other Type of AGVs to Grow at the Highest CAGR During Forecast Period
  • Figure 25 Vision Guidance to Grow at Highest CAGR in Unit Load Carrier Market During Forecast Period
  • Figure 26 Automotive Industry to Hold Largest Share of Forklift Truck Market During Forecast Period
  • Figure 27 APAC Region to Grow at Highest CAGR for Tow Vehicle During Forecast Period
  • Figure 28 Magnetic Guidance to Hold Largest Share of Pallet Truck Market During Forecast Period
  • Figure 29 Assembly Line Vehicle Market in APAC to Grow at Highest CAGR During Forecast Period
  • Figure 30 Automated Guided Vehicle Market, By Navigation Technology
  • Figure 31 Laser Guidance Navigation Technology to Hold Largest Share of Automated Guided Vehicle Market in 2018
  • Figure 32 Automated Guided Vehicle Market for Other Type to Grow at Highest CAGR During the Forecast Period
  • Figure 33 Tow Vehicle to Hold Largest Share in the AGV Market for Inductive Guidance Navigation Technology
  • Figure 34 Assembly Line Vehicle to Grow at Highest CAGR in AGV Market for Other Navigation Technologies
  • Figure 35 Automated Guided Vehicle Market, By Industry
  • Figure 36 Automotive Industry to Hold Largest Size in the AGV Market in 2018
  • Figure 37 Europe to Hold Largest Share in Automated Guided Vehicle Market for Automotive Industry in 2018
  • Figure 38 Others Type of AGVs to Grow at Highest Rate in Manufacturing Industry During Forecast Period
  • Figure 39 APAC to Grow at Highest Rate in Automated Guided Vehicle Market for Aerospace Industry During Forecast Period
  • Figure 40 Assembly Line Vehicle to Grow at Highest Rate in Healthcare Industry During the Forecast Period
  • Figure 41 Automated Guided Vehicle Market, By Application
  • Figure 42 Transportation Application Expected to Hold Largest Share of Automated Guided Vehicle Market in 2018
  • Figure 43 Aerospace Industry Expected to Grow at Highest CAGR for Distribution Application in Automated Guided Vehicle Market
  • Figure 44 Retail Industry to Grow at the Highest CAGR for Packaging Application During the Forecast Period
  • Figure 45 Automated Guided Vehicle Market, By Battery Type
  • Figure 46 Lithium-Ion Battery Type to Grow at Highest Rate in the AGV Market During the Forecast Period
  • Figure 47 APAC Region to Grow at Highest CAGR for Lithium Ion Batteries in Automated Guided Vehicle Market During the Forecast Period
  • Figure 48 AGV Market in APAC Region to Grow at Highest Rate During Forecast Period
  • Figure 49 Automated Guided Vehicle Market, By Geography
  • Figure 50 Geographic Snapshot: Automated Guided Vehicle Market
  • Figure 51 North America: Automated Guided Vehicle Market Snapshot
  • Figure 52 Europe: Automated Guided Vehicle Market Snapshot
  • Figure 53 APAC: Automated Guided Vehicle Market Snapshot
  • Figure 54 RoW: Automated Guided Vehicle Market Snapshot
  • Figure 55 Growth Strategies Adopted By the Companies Over the Past Three Years (2015–2018)
  • Figure 56 Daifuku: Company Snapshot
  • Figure 57 JBT Corporation: Company Snapshot
  • Figure 58 Kion Group: Company Snapshot
  • Figure 59 Toyota Industries: Company Snapshot
  • Figure 60 Kuka: Company Snapshot
  • Figure 61 Hyster-Yale Materials Handling: Company Snapshot
Note: Product cover images may vary from those shown
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  • Daifuku
  • JBT Corporation
  • KION Group
  • KUKA
  • Toyota Industrial
  • Hyster-Yale Materials Handling
  • Kollmorgen
  • EK Automation
  • Seegrid Corporation
  • SSI Schaefer
  • Locus Robotics
  • Fetch Robotics
  • Addverb Technologies
  • Motum
  • Transbotics Corporation
  • Ifuture Robotics
  • Oceaneering International
  • Savant Automation
  • Konecranes
Note: Product cover images may vary from those shown
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