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Global Automated Guided Vehicle Market Overview 2025

07-21-2025 10:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: LookWhole Insight

/ PR Agency: LookWhole Insight

According to LookWhole Insight, the global Automated Guided Vehicle market is projected to reach USD 4.71 Billion in 2024. It is expected to grow to USD 10.03 Billion by 2033, registering a compound annual growth rate (CAGR) of 8.75% during the forecast period (2025-2033). - LookWhole Insight

Automated Guided Vehicle Market Analysis
AGV (Automated Guided Vehicle) is an automated guided vehicle, which is mainly used for automatic logistics handling and transportation. It transports items to designated locations through special landmark navigation. Common guidance methods include magnetic strip guidance and laser guidance. With the development of technology, it has been incorporated into the mobile robot industry. With the continuous development of the global economy, the trend of automated equipment replacing human labor continues to advance, and the global market demand for AGV products is growing.
The AGV industry chain can be divided into three links: upstream core components (including servo systems, sensors, intelligent SoCs, control MCUs, reducers, housings/structural parts, etc.), midstream body manufacturing (AGV mobile robot manufacturers), and downstream system integration and application (such as intelligent logistics system integration, which can be applied to automobiles, 3C, express e-commerce and other industries). At present, body manufacturers can also provide some system solution designs, and some downstream integrators also have the ability to design and produce AGV carts. Body manufacturers generally do not penetrate into upstream core components.
Note: Mobile robots in this report include AGV and AMR. AMR--Autonomous Mobile Robot, that is, autonomous mobile robots. AMR is similar to AGV, but it does not require external infrastructure such as magnetic strips, rails, and QR codes.
Global Automated Guided Vehicle Market: Competitive Landscape
According to LookWhole Insight, global AGV competition landscape is undergoing a dual transformation of "technology localization" and "regional rebalancing": Europe and North America are sticking to the high-end market, while China is accelerating the replacement of foreign capital share and going to Southeast Asia with its policy and industrial chain advantages. The market is still a competitive market, and the industry concentration is increasing year by year. For example, in 2024, the concentration of China's mobile robot industry CR5 will exceed 50%. The Matthew effect is further evident, and the gap between manufacturers is gradually widening. As market competition intensifies, technological innovation and product differentiation will become the key to corporate competition.
Top players in Global Automated Guided Vehicle Market:
Daifuku Co., Ltd.
Toyota Industries Corporation
KION Group AG
Jungheinrich AG
KUKA AG
Murata Machinery, Ltd.
SSI SCHAEFER AG
Mitsubishi Logisnext Co., Ltd.
Geek+
Hai Robotics
Seegrid Corporation
JBT Corporation
Standard Robots
Quicktron
EK Robotics GmbH
Scott Technology Ltd.
Oceaneering International, Inc.
Siasun Robot & Automation Co., Ltd.
Suzhou Casun Intelligent Robot Co., Ltd.
Hyster-Yale Materials Handling, Inc.
MEIDENSHA Corporation
Kinco Automation
Hikrobot
Huari Technology
CSG HUA XIAO

Email: market@lookwhole.com
www.lookwholeinsight.com

LookWhole Insight is a global leader in data analytics and market research, offering deep insights into industries, economies, and consumer behavior across the world. We deliver comprehensive data and analysis on thousands of products and services, making us the first choice for organizations pursuing growth and exploring untapped, blue ocean markets.
Our offerings include syndicated research reports, customized research solutions, and strategic consulting services. The LookWhole Insight database is trusted by prestigious academic institutions and Fortune 500 companies alike, providing a robust foundation to navigate both global and regional business environments. Our data spans 26 industries across 35 key economies, backed by thousands of metrics and detailed analyses.
As an independent provider of global business intelligence, we empower clients with market analysis and consumer insights that range from local to global, and from tactical to strategic. Our research solutions guide critical decisions on when, where, and how to scale your business with confidence.

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