Press release
United States Automated Guided Vehicle (AGV) Industry Analysis: Market Size Reshaping Warehousing & Industrial Operations
Automated Guided Vehicle (AGV) Industry
Automated guided vehicles are widely used across industrial, commercial, and healthcare sectors. The global market is projected to grow at a CAGR of 14% during the forecast period.
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Latest Trends
Approximately 111,000 automated guided vehicles (AGVs) were sold globally, with around 103,000 deployed in non-manufacturing settings. Rising e-commerce demand, which accounts for a growing share of retail sales, is driving increased AGV adoption to speed up logistics and production. For example, Amazon acquired Canvas Technologies to develop AGVs and mobile navigation robots. AGVs also help manufacturers improve warehouse efficiency, quality, and reliability while reducing labor costs.
The Asia-Pacific AGV market holds a significant share due to rapid growth in the consumer retail and automotive sectors in countries like China, Japan, South Korea, Singapore, and India. Singapore leads the region in autonomous vehicle readiness, while China hosts the largest robot market and over 18,000 AGVs, with further growth expected. Government focus on production floor safety and rising investments by manufacturers in warehouses and distribution centers are driving market expansion in China and Japan, where the AGV market is highly valued.
Top Key Players:
Daifuku, JBT Corporation, KION Group, KUKA, Toyota Industries, Hyster-Yale Materials Handling, E&K Automation, Kollmorgen, Seegrid Corporation, and SSI Schaefer, Egemin Automation, Inc., Bastian Solutions, Elettric80 SpA, Fetch Robotics, Inc, inVia Robotics, Inc, Locus Robotics, System Logistics Spa, Transbotic.
Growth Projection:
The Global Automated Guided Vehicle Market is set to witness significant growth between 2025 and 2032. While 2024 reflects steady progress, the increasing adoption of innovative strategies by leading players is expected to accelerate growth across the projected horizon. This creates a strong landscape of opportunities for businesses looking to expand, invest, and stay competitive in a rapidly evolving market.
Research Process:
The Automated Guided Vehicle Market research report by DataM Intelligence leverages both primary and secondary data sources to deliver deep insights. It explores a wide range of factors shaping the industry from government regulations, market conditions, and competitive dynamics to historical trends, technological advancements, upcoming innovations, and potential challenges. This comprehensive analysis highlights growth prospects while addressing barriers, helping businesses navigate volatility and seize new opportunities
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Market Segmentation:
By Type: Tow Vehicles | Unit Load Carriers | Pallet Trucks | Assembly Line Vehicles | Forklift Trucks | Others
By Navigation Technology: Laser Guidance | Magnetic Guidance | Inductive Guidance | Optical Tape Guidance | Vision Guidance | Others
By Application: Logistics and Warehousing | Packaging | Assembly | Raw Material Handling | Others
By Industry: Automotive | Manufacturing | Food and Beverages | Healthcare | Aerospace | Retail | Others
Top Growth Regions:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Introduces the report with an overview of coverage summarizing key market segments by region, product type, and application. It offers a clear snapshot of market size, segment-wise growth potential, and both short- and long-term industry outlook.
Chapter 2: Brings forward the most valuable market insights and reveals the game-changing emerging trends shaping the industry's future.
Chapter 3: Provides a detailed analysis of the competitive landscape among Automated Guided Vehicle covering revenue shares, strategic initiatives, and the latest mergers & acquisitions.
Chapter 4: Delivers comprehensive profiles of top players, including revenue, profit margins, product lines, and company milestones.
Chapters 5 & 6: Break down revenue performance across regions and countries, offering a precise view of market sizes, opportunities, and development prospects worldwide.
Chapter 7: Examines segmentation by type, revealing the size and potential of each category guiding businesses toward untapped, high-impact areas.
Chapter 8: Focuses on applications, evaluating how different downstream markets are growing and identifying promising sectors for expansion.
Chapter 9: Maps the entire industry supply chain, detailing both upstream and downstream activities for a holistic understanding.
Chapter 10: Concludes with key findings and the most critical takeaways giving stakeholders a clear direction for future strategies.
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Q1: How fast is the Automated Guided Vehicle Market growing?
A: The Market is on a robust growth path, expected to expand at a CAGR of 14% between 2025 and 2032.
Q2: Which Regions dominate the Automated Guided Vehicle Market?
A: The Automated Guided Vehicles market is segmented by region into North America, Europe, South America, Asia-Pacific, and the Middle East & Africa.
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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