Automated Guided Vehicle (AGV) Market Estimated to Cross a Worth of US$ 13.83 Billion & Expand at CAGR of 10.2% through 2032

New York, April 04, 2024 (Polaris Market Research) According to Polaris Market Research predictions, the Automated Guided Vehicle (AGV) Market is expected to generate revenue of USD 5.78 Billion in 2023 and is expected to reach USD 13.83 Billion by 2032, growing at a CAGR of 10.2% over the forecast period from 2024 to 2032.

The market for automated guided vehicles is bolstered by the booming popularity of e-commerce and rising demand for automation in material handling across various sectors. In several instances, AGVs can serve as a replacement for human labor, offering significant cost benefits to operating firms. In addition, AGVs can carry out processes of fixed automation systems such as conveyors. The growing applications of the technology in various sectors such as healthcare, manufacturing, automotive, and logistics are further fueling the expansion of the industry.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automated-guided-vehicle-market/request-for-sample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

An automated guide vehicle (AGV) is a self-propelled vehicle that uses marked lines, radio waves, lasers, or vision cameras for navigation. It is used for tasks that conveyors, forklifts, and manual carts typically handle. There are several different types of AVGs in the automated guided vehicle (AGV) market, including pallet trucks, unit load carriers, forklift trucks, tow vehicles, and assembly line vehicles. Unit load carriers are designed to carry specific parts or products, whereas forklift trucks and towing vehicles are designed to act as stock robots for warehousing. The movement of AGVs is guided by software and sensors. The pathways that AGVs take are usually predefined, but some automated guided vehicles with the most advanced technology come with dynamic navigation capabilities.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

• Swisslog Holding AG, Daifuku Co., Ltd.
• Bastian Solutions, Inc.
• JBT, Dematic
• TOYOTA INDUSTRIES CORPORATION
• Seegrid Corporation
• BALYO
• Hyster-Yale Materials Handling, Inc.
• Transbotics, System Logistics Spa.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/23/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐁𝐲 𝐓𝐲𝐩𝐞

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

𝐁𝐲 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐲𝐩𝐞

• Lead
• Lithium Ion
• Nickel Based
• Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automated-guided-vehicle-market

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐆𝐮𝐢𝐝𝐞𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐀𝐆𝐕) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Over the forecast period, the unit load carrier segment is expected to experience the fastest CAGR. Unit load AGVs are utilized for transporting pallets, large containers, and roll handling. They enhance task scheduling efficiency by reducing aisle traffic and minimizing product damage.

• In 2022, the laser guidance segment held the largest market share and generated significant revenue throughout the forecast period. The growing demand for intelligent and efficient routing has contributed to the widespread adoption of automated vehicles.

• The Asia Pacific region is projected to grow at fastest CAGR over the forecast period. The e-commerce industry has been steadily expanding in emerging economies within the Asia Pacific region, including China and India.

• During the forecast period, North America is anticipated to demonstrate robust growth as the region holds the most significant market share in the automated guided vehicle market. This growth is attributed to the rise in import and export operations.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐌𝐞𝐧𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416040/artificial-intelligence-ai-in-mental-health-market

𝐍𝐞𝐨𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416048/neobanking-market-share-to-reach-usd-4784-54-billion-globally

𝐒𝐨𝐮𝐫𝐝𝐨𝐮𝐠𝐡 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416085/sourdough-market-rising-trends-growth-projections-and-key

𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐒𝐞𝐚𝐬𝐨𝐧𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416095/spices-and-seasoning-market-research-report-2024-2032

𝐒𝐮𝐩𝐞𝐫𝐟𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416101/superfoods-market-business-revenue-industry-dynamics

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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New York City, NY 10005,
United States
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.