Automated Guided Vehicle Research:CAGR of 12.8% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Automated Guided Vehicle (AGV)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Automated Guided Vehicle (AGV) was estimated to be worth US$ 3208 million in 2023 and is forecast to a readjusted size of US$ 7280 million by 2030 with a CAGR of 12.8% during the forecast period 2024-2030.



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Automated Guided Vehicle Market Summary



According to the new market research report "Global Automated Guided Vehicle Market Report 2024-2030", published by QYResearch, the global Automated Guided Vehicle market size is projected to reach USD 7.28 billion by 2030, at a CAGR of 12.8% during the forecast period.

Global Automated Guided Vehicle MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Automated Guided Vehicle Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Automated Guided Vehicle Top17Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Automated Guided Vehicle Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Automated Guided Vehicle include Dematic, Daifuku, Toyota Industries Corporation, Swisslog, Rocla, SSI Schaefer, Siasun Robot & Automation Co., Ltd, Meidensha, Huaxiao Precision Industry (Suzhou) Co., Ltd., Guangdong Jaten Robot & Automation Co.,Ltd., etc. In 2023, the global top 10 players had a share approximately 35.0% in terms of revenue.

Automated Guided Vehicle,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Automated Guided Vehicle Market Report 2024-2030.



Market Drivers:

Market demand of downstream industries
(1) Changes in market demand for intelligent logistics systems and equipment

In recent years, with the development of my country's economy, my country's total social demand for logistics has grown steadily, and the total social logistics volume and total costs have shown a steady growth trend. In 2021, my country's total social logistics has reached 335.2 trillion yuan, a year-on-year increase of 9.2% based on comparable prices; the total social logistics costs in 2021 will be approximately 16.7 trillion yuan, a year-on-year increase of 12.5%. By introducing automation and intelligent logistics equipment and systems, improving logistics efficiency and reducing the proportion of logistics costs are important trends in the development of my country's logistics industry. In 2009, my country's logistics costs accounted for 17.4% of GDP. In 2021, the ratio of my country's total social logistics costs to GDP has dropped to 14.6%, but compared with the United States, Japan and other developed countries, the ratio of logistics costs to GDP has remained stable at 8% - There is still a certain distance between about 9% and there is still a lot of room for development in my country's automated logistics industry. According to data from the China Federation of Logistics and Purchasing, the current demand for smart logistics by logistics companies mainly includes three major areas: logistics data, logistics cloud, and logistics equipment. From 2016 to 2020, the growth rate of my country's smart logistics market has remained above double digits. The market size in 2020 has reached close to 600 billion yuan, a year-on-year increase of 23.10%. The market size is expected to exceed one trillion yuan by 2025. In recent years, with the development of technologies such as the Internet of Things and artificial intelligence, as well as higher requirements for logistics in fields such as new retail and smart manufacturing, the scale of the smart logistics market will continue to expand. In summary, my country's smart logistics industry market still has large room for growth, providing a good market environment for the growth of the AGV market size.

(2) Changes in market demand for intelligent production line systems and equipment

According to statistics from the "China Intelligent Manufacturing System Solutions Market Research Report (2018 Edition)", as early as 2017, in addition to distribution logistics and sales logistics, the market size of the intelligent manufacturing industry in the production logistics link has reached 128 billion yuan.

AGV production line system and equipment business can be applied to the tobacco industry. According to the "Guiding Opinions of the State Tobacco Monopoly Administration and China Tobacco Corporation on Promoting the Transformation of Cigarette Process Technology", "Promote the integrated development of information technology and cigarette manufacturing industry in a wider scope, deeper level and higher level, and continue to improve the intelligent manufacturing of the cigarette industry." level. By 2025, we strive to establish the digital foundation of the intelligent manufacturing system in the cigarette industry and build a number of cigarette factories with intelligent manufacturing capabilities. The cigarette industry will further develop towards digitalization, networking and intelligence, and initially form a new innovation and development trend for China's cigarette industry. "Advantages", the tobacco industry will further develop towards intelligence and expand the market space for intelligent manufacturing in the cigarette industry, thus driving the market demand for AGV products.

Policy support
In accordance with the overall deployment of the "14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Outline of Long-term Goals for 2035", implement the key tasks of the "14th Five-Year Plan for Robot Industry Development", accelerate the expansion of robot applications, and follow Xi Jinping's Guided by the General Secretary's Thought on Socialism with Chinese Characteristics for a New Era, focusing on product innovation and scene promotion, we implement classified policies to expand the depth and breadth of robot applications, cultivate the robot development and application ecosystem, enhance the market competitiveness of independent brand robots, and promote my country's robot industry. Self-reliance.

In 2022, the Ministry of Industry and Information Technology issued the "Notice on Carrying out the Pilot Work on the Application of Intelligent Manufacturing Standards in 2022" again emphasizing the promotion of the construction of professional robot innovation centers and vigorously developing industrial robots and other industries. On January 19, 2023, 17 departments including the Ministry of Industry and Information Technology jointly issued the "Implementation Plan for the "Robot+" Application Action". The plan proposes that by 2025, the density of manufacturing robots will double compared with 2020, and the depth and breadth of application in the robot industry will be significantly improved. ,robot

The ability to promote high-quality economic and social development will be significantly enhanced. Focus on 10 key application areas, strengthen the application expansion of industrial robots in manufacturing, agriculture, construction, new energy, medical health, elderly care services and other fields, and fully support the development of the robot industry.

Promotion of automation and Industry 4.0
With the continuous advancement of automation and Industry 4.0, the demand for efficient, reliable and suitable equipment for automation integration has increased. As one of the key components, automated guided vehicles (AGVs) have received widespread attention and application.

According to population data released by the National Bureau of Statistics, the national population will decrease by 850,000 people in 2022, and our country has entered an era of negative population growth. It is expected that as the labor force population decreases and labor costs rise in the future, the entire industry will be forced to upgrade to automation and drive the manufacturing industry to transform into intelligence. Against this background, the importance of robots replacing labor has become increasingly prominent. IFR data shows that the density of domestic industrial robots in 2020 is 255 units per 10,000 people. Facing typical applications in traditional manufacturing and exploration of applications in emerging fields, and the layout of downstream industries in multiple fields, the density of industrial robots is expected to quickly climb to the target level. of 510 units/ten thousand people, the market space will also double accordingly. With the guidance of national policies and the follow-up of local policies, the advanced equipment manufacturing industry is encouraged at multiple levels such as products, industries, and social needs. The expansion of downstream demand will generate continued large demand for the robot industry chain.





The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Automated Guided Vehicle (AGV) market is segmented as below:

By Company

Dematic
Daifuku
Toyota Industries Corporation
Swisslog
Rocla
SSI Schaefer
Siasun Robot & Automation Co., Ltd
Meidensha
Huaxiao Precision Industry (Suzhou) Co., Ltd.
Guangdong Jaten Robot & Automation Co.,Ltd.
JBT
Ek Robotics
Yonegy
Aichikikai
KSEC Intelligent Technology Co.,Ltd
Atab
AGVE Group



Segment by Type

Tugger Type
Pallet Truck
Unit Load Carrier
Others



Segment by Application

Manufacturing Sector
Wholesale and Distribution Sector



Each chapter of the report provides detailed information for readers to further understand the Automated Guided Vehicle (AGV) market:

Chapter 1: Introduces the report scope of the Automated Guided Vehicle (AGV) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Automated Guided Vehicle (AGV) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Automated Guided Vehicle (AGV) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Automated Guided Vehicle (AGV) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Automated Guided Vehicle (AGV) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Automated Guided Vehicle (AGV) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Automated Guided Vehicle (AGV) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Automated Guided Vehicle (AGV) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

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