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Automated Guided Vehicle Market Size, Share & Trends Analysis Report by Vehicle Type, by Navigation Technology, by Application, by End Use Industry, by Component, by Battery Type, and Segment Forecasts, 2022-2030

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    Report

  • 213 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4761227
The global automated guided vehicle market size is expected to reach USD 9.38 billion by 2030. The market is anticipated to reach a CAGR of 10.2% from 2022 to 2030. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials as well as manufactured products from one point to another point within the facility, thereby eliminating any potential disruption in production. These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, among others, which help in detecting junctions, identifying floor signs, and avoiding collisions with any obstacle.



For instance, in November 2021, Quanergy Systems, Inc., a U.S.-based company that offers an AI-powered LiDAR platform, launched the new M1 Edge 2D LiDAR sensors for automation. The newly launched LiDAR sensor is light in weight, broad 360°, with a sensing capability of up to 200 meters used in mobile robotics, AGVs, warehouse logistics applications, and port automation.

Several manufacturing plants and warehouses are deploying material handling equipment for various activities, such as locating stock, picking orders, and moving products and raw materials. Transportation and logistics firms are mainly focusing on the deployment of such equipment to boost the efficiency of their operations in line with the growing demand for their services. For instance, in February 2021, Scott (Transbotics Corporation), a prominent solution provider for AGVs, partnered with KUKA AG, a German manufacturer of robots, to coordinate the industrial robots of KUKA AG into material handling systems. Further, these robots would also benefit the warehouse team to assemble, pack, weld, store, and ship. Also, material handling solutions are used to increase the efficiency of transportation, decrease physical damage to the material, and reduce overheads by limiting the number of employees.

The AGV market is witnessing a progressive switch from lead-acid batteries to lithium-ion batteries. Lithium-ion batteries offer several advantages over lead-acid batteries. They tend to be lighter and compact. They can charge faster, provide longer runtimes, and support more charge cycles. Hence, they are ideal for AGVs, as they need not be charged frequently during operating shifts or in 24x7 operating environments, and AGVs running on lithium-ion batteries can offer higher round-trip efficiencies. For instance, in March 2021, Nissan Motor Co., Ltd, a global manufacturer of automobiles, buses, and trucks, stated that they use lithium-ion batteries to power their automated guided vehicles, which no longer need a worker to remove the battery and plug them in it charges faster. These batteries let AGVs last longer and bring significant innovations to their warehouse.

Automated Guided Vehicle Market Report Highlights

  • The adoption of material handling equipment and automation solutions is growing significantly across several industries.
  • The growing adoption of AGVs by the automotive industry as well as the automotive supply industry to move intermediate products within the facility is expected to drive the growth of the AGV market.
  • The manufacturing industry is increasingly adopting AGVs to save on labor costs. While AGV can operate on a 24x7 basis, the costs associated with the procurement and maintenance of AGV tend to be lesser than the costs incurred on salaries and employee benefits.
  • The logistics and warehousing segment happen to be the largest application of AGVs. The segment generated the highest revenue in 2021 and is expected to retain its dominance during the forecast period.
  • The European regional market dominated the global AGVs market in 2021. However, the Asia Pacific regional market is projected to expand at the highest CAGR from 2022 to 2030.


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Frequently Asked Questions about the Global Automated Guided Vehicle Market

What is the estimated value of the Global Automated Guided Vehicle Market?

The Global Automated Guided Vehicle Market was estimated to be valued at $4.3 Billion in 2022.

What is the growth rate of the Global Automated Guided Vehicle Market?

The growth rate of the Global Automated Guided Vehicle Market is 10.2%, with an estimated value of $9.38 Billion by 2030.

What is the forecasted size of the Global Automated Guided Vehicle Market?

The Global Automated Guided Vehicle Market is estimated to be worth $9.38 Billion by 2030.

Who are the key companies in the Global Automated Guided Vehicle Market?

Key companies in the Global Automated Guided Vehicle Market include Swisslog Holding AG, Dematic, Bastian Solutions, Inc., Daifuku Co. Ltd., Jbt, Seegrid Corporation, Toyota Industries Corporation, Hyster and Balyo.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 AGV-Industry Snapshot & Key Buying Criteria, 2017-2030
2.2.1 Global Automated Guided Vehicle Market, 2017-2030
2.2 Segmental Outlook
2.2.1 Vehicle Type Outlook
2.2.2 Navigation Technology Outlook
2.2.3 Application Outlook
2.2.4 End-Use Industry Outlook
2.2.5 Component Outlook
2.2.6 Battery Type Outlook
2.2.7 Regional Outlook
Chapter 3 AGV Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Future Of AGV
3.4 Case Studies
3.4.1 Case Study 1
3.4.2 Case Study 2
3.5 AGV-Value Chain Analysis
3.5.1 Raw Material Trends
3.5.1.1 Major Raw Materials Market Analysis
3.5.2 Key End-Users
3.6 Vendor Landscape
3.6.1 Key Takeaways
3.6.1.1 Swisslog Holding Ag
3.6.1.2 Dematic
3.6.1.3 Bastian Solutions, Inc.
3.6.1.4 Daifuku Co., Ltd.
3.6.1.5 Jbt
3.6.1.6 Seegrid Corporation
3.6.1.7 Toyota Industries Corporation
3.6.1.8 Hyster-Yale Materials Handling, Inc.
3.6.1.9 Balyo
3.6.1.10 E&K Automation Gmbh
3.6.1.11 Kollmorgen
3.6.1.12 Kmh Fleet Solutions
3.6.1.13 Elettric80 S.P.A.
3.6.1.14 Fetch Robotics, Inc.
3.6.1.15 Invia Robotics, Inc.
3.6.1.16 Locus Robotics
3.6.1.17 Schaefer Systems International, Inc.
3.6.1.18 System Logistics Spa
3.6.1.19 Scott
3.7 AGV Market Dynamics
3.7.1 Supplier/Vendor Trends
3.7.2 Buyers/Application Trends
3.7.3 Technology Trends
3.7.4 Regulatory Trends
3.8 Market Driver Analysis
3.8.1 Increasing Demand For Automation and Material Handling Equipment In Various Process Industries
3.8.2 Replacement Of Conventional Batteries With Lithium-Ion Batteries
3.8.3 High Labor Costs
3.8.4 Manufacturers Introducing Vision Guided Vehicles and Mobile Robots
3.8.5 Rapidly Growing E-Commerce Industry
3.8.6 Enhanced Safety At Workplaces
3.9 Market Restraint Analysis
3.9.1 High Initial Cost
3.9.2 Singular Use and Lack Of Flexibility
3.10 Market Opportunity Analysis
3.10.1 Manufacturers Providing Intelligent AGV
3.11 Industry Analysis-Porter’s Five Forces Analysis
3.11.1 Supplier Power
3.11.2 Buyer Power
3.11.3 Substitution Threat
3.11.4 Threat From New Entrant
3.11.5 Competitive Rivalry
3.12 AGV-Pest Analysis
3.12.1 Political Landscape
3.12.2 Economic Landscape
3.12.3 Social Landscape
3.12.4 Technology Landscape
3.12.5 Legal Landscape
3.13 Technology Overview
3.13.1 Technology Evolution
3.13.2 Wire Guidance
3.13.3 Magnetic Guidance
3.13.4 Laser Guidance (Laser Triangulation Navigation System)
3.13.5 Vision Guidance
3.14 Major Deals & Strategic Alliances Analysis
3.14.1 Mergers and Acquisitions
Chapter 4 AGV Market: Vehicle Type Estimates and Trend Analysis
4.1 AGV Market Share by Vehicle Type, 2021 & 2030
4.1.1 Tow Vehicle
4.1.2 Unit Load Carrier
4.1.3 Pallet Truck
4.1.4 Forklift Truck
4.1.5 Hybrid Vehicles
4.1.6 Others
Chapter 5 AGV Market: Navigation Technology Estimates & Trend Analysis
5.1 AGV Market Share by Navigation Technology, 2021 & 2030
5.1.1 Heat Map For Choosing Navigation
5.1.2 Laser Guidance
5.1.3 Magnetic Guidance
5.1.4 Vision Guidance
5.1.5 Inductive Guidance
5.1.6 Natural Navigation
5.1.7 Others
Chapter 6 AGV Market: Application Estimates & Trend Analysis
6.1 AGV Market Share by Application, 2021 & 2030
6.1.1 Logistics and Warehousing
6.1.2 Assembly
6.1.3 Packaging
6.1.4 Trailer Loading & Unloading
6.1.5 Raw Material Handling
6.1.6 Others
Chapter 7 AGV Market: End-Use Industry Estimates & Trend Analysis
7.1 AGV Market Share by End-Use Industry, 2021 & 2030
7.1.1 Manufacturing Sector
7.1.2 Wholesale and Distribution Sector
Chapter 8 AGV Market: Component Estimates & Trend Analysis
8.1 AGV Market Share by Component, 2021 & 2030
8.1.1 Hardware
8.1.2 Software
8.1.3 Service
Chapter 9 AGV Market: Battery Type Estimates & Trend Analysis
9.1 AGV Market Share by Battery Type, 2021 & 2030
9.1.1 Lead Battery
9.1.2 Lithium-Ion Battery
9.1.3 Nickel-Based Battery
9.1.4 Others
Chapter 10 AGV Market: Regional Estimates and Trend Analysis
10.1 AGV Market Share by Region, 2021 & 2030
10.1.1 North America
10.1.1.1 U.S. AGV Market, 2017-2030
10.1.1.2 Canada AGV Market, 2017-2030
10.1.1.3 Mexico AGV Market, 2017-2030
10.1.2 Europe
10.1.2.1 U.K. AGV Market, 2017-2030
10.1.2.2 Germany AGV Market, 2017-2030
10.1.2.3 France AGV Market, 2017-2030
10.1.3 Apac
10.1.3.1 China AGV Market, 2017-2030
10.1.3.2 Japan AGV Market, 2017-2030
10.1.3.3 India AGV Market, 2017-2030
10.1.3.4 Australia AGV Market, 2017-2030
10.1.3.5 South Korea AGV Market, 2017-2030
10.1.4 South America
10.1.4.1 Brazil AGV Market, 2017-2030
10.1.5 Mea
Chapter 11 Competitive Landscape
11.1 Swisslog Holding Ag
11.1.1 Company Overview
11.1.2 Financial Performance
11.1.3 Product Benchmarking
11.1.4 Recent Developments
11.2 Dematic
11.2.1 Company Overview
11.2.2 Financial Performance
11.2.3 Product Benchmarking
11.2.4 Recent Developments
11.3 Bastian Solutions, Inc.
11.3.1 Company Overview
11.3.2 Product Benchmarking
11.3.3 Recent Developments
11.4 Daifuku Co., Ltd.
11.4.1 Company Overview
11.4.2 Financial Performance
11.4.3 Product Benchmarking
11.4.4 Recent Developments
11.5 Jbt
11.5.1 Company Overview
11.5.2 Financial Performance
11.5.3 Product Benchmarking
11.5.4 Recent Developments
11.6 Seegrid Corporation
11.6.1 Company Overview
11.6.2 Product Benchmarking
11.6.3 Recent Developments
11.7 Toyota Industries Corporation
11.7.1 Company Overview
11.7.2 Financial Performance
11.7.3 Product Benchmarking
11.7.4 Recent Developments
11.8 Hyster-Yale Materials Handling, Inc.
11.8.1 Company Overview
11.8.2 Financial Performance
11.8.3 Product Benchmarking
11.8.4 Recent Developments
11.9 Balyo
11.9.1 Company Overview
11.9.2 Product Benchmarking
11.9.3 Recent Developments
11.10 E&K Automation Gmbh
11.10.1 Company Overview
11.10.2 Product Benchmarking
11.10.3 Recent Developments
11.11 Kollmorgen
11.11.1 Company Overview
11.11.2 Product Benchmarking
11.11.3 Recent Developments.
11.12 Kmh Fleet Solutions
11.12.1 Company Overview
11.12.2 Product Benchmarking
11.12.3 Recent Developments
11.13 Elettric80 S.P.A.
11.13.1 Company Overview
11.13.2 Product Benchmarking
11.13.3 Recent Developments
11.14 Fetch Robotics, Inc.
11.14.1 Company Overview
11.14.2 Product Benchmarking
11.14.3 Recent Developments
11.15 Invia Robotics, Inc.
11.15.1 Company Overview
11.15.2 Product Benchmarking
11.15.3 Recent Developments
11.16 Locus Robotics
11.16.1 Company Overview
11.16.2 Product Benchmarking
11.16.3 Recent Developments
11.17 Schaefer Systems International, Inc.
11.17.1 Company Overview
11.17.2 Product Benchmarking
11.17.3 Recent Developments
11.18 System Logistics Spa
11.18.1 Company Overview
11.18.2 Product Benchmarking
11.18.3 Recent Developments
11.19 Scott
11.19.1 Company Overview
11.19.2 Financial Performance
11.19.3 Product Benchmarking
11.19.4 Recent Developments

Companies Mentioned

  • Swisslog Holding AG
  • Dematic
  • Bastian Solutions, Inc.
  • Daifuku Co. Ltd.
  • Jbt
  • Seegrid Corporation
  • Toyota Industries Corporation
  • Hyster-Yale Materials Handling, Inc.
  • Balyo
  • E&K Automation GmbH
  • Kollmorgen
  • Kmh Fleet Solutions
  • Elettric80 S.P.A.
  • Fetch Robotics, Inc.
  • Invia Robotics, Inc.
  • Locus Robotics
  • Schaefer Systems International, Inc.
  • System Logistics Spa
  • Scott

Methodology

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