Menu ×


Automated Guided Vehicle (AGV) Market Segmentation by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, and Pallet Trucks); by Battery Type (Lead, Nickel-Based, Lithium-Ion, and Others); by Application (Logistics and Warehousing, Raw Material Handling, Trailer Loading, Assembly, Packaging, and Others); and by Industry (Healthcare, Manufacturing, Logistics, Retail, Food & Beverages, Paper, Chemical, and Others) – Global Demand Analysis & Opportunity Outlook 2030

  • Text Size:

Extensive insights into the Growth of Automated Guided Vehicle (AGV) Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More


  • May 2020- Seegrid launched the GT10 Series 7Plus vision guided vehicle (VGV), which features a shorter mast structure to accommodate facilities with height restrictions and reverse sensing for added functionality.

  • October 2019- HIT Robot Group declared the launch of its new AGV, which integrate simultaneous mapping and localization of industry floors.

Global Automated Guided Vehicle (AGV) Market Highlights 2022 – 2030

The global automated guided vehicle (AGV) market is estimated to garner a sizeable revenue and grow at a CAGR of ~13% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for automation in material handling industries, and growing popularity of e-commerce across the world, and shift in demand from mass production and mass customization. Furthermore, high industrial growth in emerging countries is projected to offer profitable opportunities in the near future.

Automated Guided Vehicle (AGV) Market GraphAlong with these, rising collaboration activities among logistics-related companies and tech giants to deploy industrial robots and autonomous mobile robots in their warehouses are also expected to be crucial factors to boost the market growth in the upcoming years. According to the International Federation of Robotics, the largest number of industrial robots were installed in the automotive sector in 2018, accounting for 126,000 installations globally, up from 123,000 in 2017.

Installations of Industrial Robots Graph

The market is segmented by application into logistics and warehousing, raw material handling, trailer loading, assembly, packaging, and others, out of which, the logistics and warehousing segment is anticipated to hold the largest share in the global automated guided vehicle market. This can be accounted to the aggressive adoption of modern retrieval and automated warehouse storage systems among enterprises, and surge in demand for AGVs from logistics firms. Additionally, on the basis of battery type, the lead segment is predicted to gather the largest share during the forecast period owing to the high cost-effectiveness, good reversibility, long service life and stable voltage provided by these batteries. Apart from this, the exceptional suitability of lead battery in a wide range of applications is also assessed to drive the growth of the market segment in the imminent time.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Automated Guided Vehicle (AGV) Market Regional Synopsis

On the basis of geographical analysis, the global automated guided vehicle (AGV) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapid expansion of e-commerce in the emerging countries of Asia, such as China and India, and growing emphasis on safety and security on production floors in the region. Moreover, the market in Europe is projected to grab the largest share by the end of 2030, which can be credited to the rising demand for metal handling equipment in the manufacturing industry, and growing production of automobiles in the region. For instance, Germany produced the largest number of passenger cars in Europe in 2020, amounting for more than 3 million units, followed by Spain with more than 1.7 million units and Russia with 1.3 million units.

Automated Guided Vehicle Market Share Graph

The global automated guided vehicle (AGV) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automated guided vehicle (AGV) market includes the following segments:

By Type

  • Tow Vehicles
  • Unit Load Carriers
  • Forklift Trucks
  • Assembly Line Vehicles
  • Pallet Trucks

By Battery Type

  • Lead
  • Nickel-Based
  • Lithium-Ion
  • Others

By Application

  • Logistics and Warehousing
  • Raw Material Handling
  • Trailer Loading
  • Assembly
  • Packaging
  • Others

By Industry

  • Healthcare
  • Manufacturing
  • Logistics
  • Retail
  • Food & Beverages
  • Paper
  • Chemical
  • Others

Growth Drivers

  • Increasing Demand for Automation in Material Handling Industries
  • Growing Popularity of E-Commerce Worldwide


  • High Installation and Maintenance Cost of AGV

Top Featured Companies Dominating the Market

  • Swisslog Holding AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Seegrid Corporation
  • Hyster-Yale Materials Handling, Inc.
  • Bastian Solutions, Inc.
  • Daifuku Co., Ltd.
  • Fetch Robotics, Inc.
  • Hit Robot Group
  • Schaefer Systems International, Inc.


Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved