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Global Automated Guided Vehicle Market (2021-2026) by Component, Type, Navigation Technology, Battery Type, Application, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 172 Pages
  • January 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5544168
The Global Automated Guided Vehicle Market is estimated to be USD 2.31 Bn in 2021 and is expected to reach USD 3.62 Bn by 2026, growing at a CAGR of 9.4%.

Market Dynamics

Key factors such as the rapid growth of E-commerce and the need for automation in maritime applications for improvement drive market growth. The rise in demand for automation and increase in safety, accuracy, and productivity provide growth opportunities to the market. In addition, AGVs reduce labor costs from a long-term perspective in warehouses in many ways.

However, factors such as high investment cost and lack of flexibility are likely to restrain the market growth. Moreover, the availability of alternative autonomous mobile robots is a major challenge in the market.

Market Segmentation

  • The Global Automated Guided Vehicle Market is segmented further based on Component, Type, Navigation Technology, Battery Type, Application, Industry, and Geography.
  • By Component, the market is classified as Hardware, Software, and Service.
  • By Type, the market is classified as Automated Guided Carts, Forklift AGVs, Towing AGVs, Unit Load Handlers, Heavy Burden Carriers, and Others.
  • By Navigation Technology, the market is classified as Magnetic Guidance, Laser Guidance, Vision Guidance, Optical Tape Guidance, Inductive Guidance, and Others.
  • By Battery Type, the market is classified as Lead, Lithium-Ion, Nickel Based and Others.
  • By Application, the market is classified as Raw Material Handling, Work in Process Movement, Pallet Handling, Finished Product Handling, Hazardous Materials Handling, and Others.
  • By Industry, the market is classified as Automotive, Healthcare, Manufacturing, Logistics, Retail & E-commerce, Food & Beverages, Paper & Printing, Chemical, Aviation, and Others.
  • By Geography, America is projected to lead the market.

Recent Developments

1. Lödige Industries provides its first Automated Guided Vehicle (AGV) as a pilot project for Swissport's new air cargo terminal in Frankfurt to increase productivity and safety in the cargo terminal at Frankfurt Airport - 20th July 2021

Company Profiles

Some of the companies covered in this report are Savant Automation, Dematic, DF Automation & Robotics, E&K Automation, JBT, Kollmorgen, Konecranes, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Automated Guided Vehicle Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the Industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the Industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
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 $2.31 Billion in 2021.

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

The growth rate of the Global Automated Guided Vehicle Market is 9.4%, with an estimated value of $3.62 Billion by 2026.

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

The Global Automated Guided Vehicle Market is estimated to be worth $3.62 Billion by 2026.

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

Key companies in the Global Automated Guided Vehicle Market include DF Automation & Robotics, E&K Automation, JBT, Daifuku, Dematic, Eckhart, Irwin Car, Jungheinrich and Konecranes.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rapid Growth of E-commerce and Mass Production
4.1.2 Increasing Safety Precautions and Regulations in Workplace
4.1.3 Demand for Automation and Material Handling Processes Across Industries
4.2 Restraints
4.2.1 High Initial Investment Costs
4.2.2 Lack of Flexibility and Obstacle Resistance
4.2.3 Availability of Autonomous Mobile Robot
4.3 Opportunities
4.3.1 Rise in demand for automation by SMEs
4.3.2 Adoption of 4.0 Technologies
4.4 Challenges
4.4.1 Low Labour Cost in Emerging and Developing Countries
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automated Guided Vehicle Market, By Components
6.1 Introduction
6.2 Software
6.3 Hardware
6.4 Services
7 Global Automated Guided Vehicle Market, By Type
7.1 Introduction
7.2 Automated Guided Carts
7.3 Forklift AGVs
7.4 Towing AGVs
7.5 Unit Load Handlers
7.6 Heavy Burden Carriers
7.7 Others
8 Global Automated Guided Vehicle Market, By Navigation Technology
8.1 Introduction
8.2 Magnetic Guidance
8.3 Laser Guidance
8.4 Vision Guidance
8.5 Optical Tape Guidance
8.6 Inductive Guidance
8.7 Others
9 Global Automated Guided Vehicle Market, By Battery Type
9.1 Introduction
9.2 Lead
9.3 Lithium Ion
9.4 Nickel Based
9.5 Others
10 Global Automated Guided Vehicle Market, By Application
10.1 Introduction
10.2 Raw Material Handling
10.3 Work in Process Movement
10.4 Pallet Handling
10.5 Finished Product Handling
10.6 Hazardous Materials Handling
10.7 Others
11 Global Automated Guided Vehicle Market, By Industry
11.1 Introduction
11.2 Automotive
11.3 Healthcare
11.4 Manufacturing
11.5 Logistics
11.6 Retail & E-commerce
11.7 Food & Beverages
11.8 Paper & Printing
11.9 Chemical
11.10 Aviation
11.11 Others
12 Global Automated Guided Vehicle Market, By Geography
12.1 Introduction
12.2 America
12.2.1 Argentina
12.2.2 Brazil
12.2.3 Canada
12.2.4 Chile
12.2.5 Colombia
12.2.6 Mexico
12.2.7 Peru
12.2.8 United States
12.2.9 Rest of Americas
12.3 Europe
12.3.1 Austria
12.3.2 Belgium
12.3.3 Denmark
12.3.4 Finland
12.3.5 France
12.3.6 Germany
12.3.7 Italy
12.3.8 Netherlands
12.3.9 Norway
12.3.10 Poland
12.3.11 Russia
12.3.12 Spain
12.3.13 Sweden
12.3.14 Switzerland
12.3.15 United Kingdom
12.3.16 Rest of Europe
12.4 Middle East and Africa
12.4.1 Egypt
12.4.2 Israel
12.4.3 Qatar
12.4.4 Saudi Arabia
12.4.5 South Africa
12.4.6 United Arab Emirates
12.4.7 Rest of MEA
12.5 Asia-Pacific
12.5.1 Australia
12.5.2 Bangladesh
12.5.3 China
12.5.4 India
12.5.5 Indonesia
12.5.6 Japan
12.5.7 Malaysia
12.5.8 Philippines
12.5.9 Singapore
12.5.10 South Korea
12.5.11 Sri Lanka
12.5.12 Thailand
12.5.13 Taiwan
12.5.14 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 DF Automation & Robotics
14.2 E&K Automation
14.3 JBT
14.4 Daifuku
14.5 Dematic
14.6 Eckhart
14.7 Irwin Car
14.8 Jungheinrich
14.9 Kollmorgen
14.10 Konecranes
14.11 KUKA
14.12 Lödige Industries
14.13 Murata Machinery
14.14 Oceaneering Internationa
14.15 Savant Automation
14.16 Scaglia Indeva
14.17 Schaefer Systems International
14.18 Scott
14.19 Siemens
14.20 Toyota
14.21 VDL
14.22 WEWO Techmotion
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • DF Automation & Robotics
  • E&K Automation
  • JBT
  • Daifuku
  • Dematic
  • Eckhart
  • Irwin Car
  • Jungheinrich
  • Kollmorgen
  • Konecranes
  • KUKA
  • Lödige Industries
  • Murata Machinery
  • Oceaneering Internationa
  • Savant Automation
  • Scaglia Indeva
  • Schaefer Systems International
  • Scott
  • Siemens
  • Toyota
  • VDL
  • WEWO Techmotion