Autonomous Ground Vehicles (AGVs) Market Report 2025

This autonomous ground vehicles (AGVs) market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The autonomous ground vehicles (AGVs) market size has grown strongly in recent years. It will grow from $2.8 billion in 2024 to $3.01 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the increasing use of robots in hazardous and dangerous environments, the rapid growth of military forces, escalating political tensions between nearby nations, the rise in terrorism, the rising number of procurement contracts, and rising number of procurement contracts.

The autonomous ground vehicles (AGVs) market size is expected to see strong growth in the next few years. It will grow to $4.07 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising investments in strengthening armed forces, growing demand for autonomous systems for defense and commercial applications, growing need for automation in warehouses and distribution centers, growing focus on safety and risk management, and government policies promoting industrial automation. Major trends in the forecast period include advancements in UGV (UGV) technologies, technological advancements, integrating artificial intelligence in unmanned ground vehicles, product innovations, and integrating machine learning (ML).

The growth of the autonomous ground vehicles (AGVs) market is expected to be driven by the increasing demand within the e-commerce industry. This rising demand is fueled by factors such as cost efficiency, the influence of social media, improved logistics, and shifts in consumer behavior. AGVs are increasingly utilized in the e-commerce sector to optimize logistics and last-mile delivery, enhancing efficiency and reducing operational costs. For example, in August 2024, the U.S. Census Bureau reported that retail e-commerce sales reached $282.3 billion in the second quarter of 2024. This figure represents a 5.3% increase from the first quarter of 2023 and a 6.6% rise from the second quarter of 2023. Thus, the growing e-commerce demand is propelling the AGVs market forward.

Companies in the AGVs market are focusing on developing specialized autonomous ground vehicles for agricultural applications to improve operational efficiency, safety, and resource management. These plantation autonomous ground vehicles are designed to perform tasks such as planting, harvesting, and crop management with minimal human intervention. For instance, in August 2022, Meraque Services Sdn Bhd, a Malaysian company specializing in UAV and AGV operations, introduced RACE, the first autonomous ground vehicle for the plantation sector. This vehicle uses advanced technology to analyze its surroundings, make routing decisions, improve fertilizer spraying consistency, and navigate autonomously between plants using high-precision location points.

In August 2023, Oshkosh Corporation, a US-based industrial firm, acquired JBT AeroTech Corporation from John Bean Technologies Corporation for $820 million. This acquisition was a strategic move by Oshkosh to enhance its portfolio by integrating JBT's expertise in autonomous ground vehicles. JBT AeroTech Corporation is a US-based company specializing in automated vehicle solutions.

Major companies operating in the autonomous ground vehicles (AGVs) market are Mitsubishi Group, Toyota Industries Corporation, Murata Machinery Corp, Jungheinrich AG, Daifuku Co. Ltd., Dematic Corp, Rocla Pyt Ltd., Meidensha Corporation, John Bean Technologies(JBT), Bastian Solutions Inc., Swisslog Holding AG, Hyster-Yale Materials Handling Inc., Seegrid Corporation, Egemin Automation Inc., KMH Fleet Solutions LLC, Aethon Inc., BALYO SA, E&K Automation Gmbh, ELETTRIC80 S.P.A., Align Production Systems LLC, Corecon Inc., Savant Automation Inc., Transbotics Inc.

North America was the largest region in the autonomous ground vehicles (AGVs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous ground vehicles (AGVs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous ground vehicles (AGVs) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Autonomous ground vehicles (AGVs) are self-driving vehicles that function without human input, utilizing sensors, cameras, and artificial intelligence to navigate and execute tasks. These vehicles are used in applications such as material handling, warehouse automation, and logistics, improving operational efficiency and safety by automating both repetitive and complex tasks.

The primary systems of AGVs include payloads, navigation and control systems, power systems, and others. Payloads are the tools or equipment that the AGV carries to perform specific tasks. Mobility options for AGVs include wheels, tracks, legs, and hybrid systems, with operational modes such as teleoperated, autonomous, and tethered. They come in various sizes, from small to very large, and are employed in diverse settings such as commercial, military, government, and law enforcement applications.

The autonomous ground vehicles (AGVs) market research report is one of a series of new reports that provides autonomous ground vehicles (AGVs) market statistics, including autonomous ground vehicles (AGVs) industry global market size, regional shares, competitors with an autonomous ground vehicles (AGVs) market share, detailed autonomous ground vehicles (AGVs) market segments, market trends, and opportunities, and any further data you may need to thrive in the autonomous ground vehicles (AGVs) industry. This autonomous ground vehicles (AGVs) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The autonomous ground vehicles (AGVs) market consists of sales of automated guided carts, unit load AGVs, automated forklift AGVs, towing AGVs, and tugger AGVs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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