Automated Guided Vehicle Market Size, Share & Trends Report

Automated Guided Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type, By Navigation Technology, By Application, By End-use Industry, By Component, By Battery Type, By Mode Of Operation, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-1-68038-153-5
Number of Pages: 213
Format: Electronic (PDF)

Historical Range: 2017 - 2023
Industry: Technology

Market Segmentation

Automated Guided Vehicle (AGV) Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
Automated Guided Vehicle (AGV) Navigation Technology Outlook (Revenue, USD Million, 2017 - 2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
Automated Guided Vehicle (AGV) Application Outlook (Revenue, USD Million, 2017 - 2030)
- Logistics and Warehousing
  - Transportation
  - Cold Storage
  - Wholesale & Distribution
  - Cross-docking
- Assembly
- Packaging
- Trailer Loading and Unloading
- Raw Material Handling
- Others
Automated Guided Vehicle (AGV) End-Use Industry Outlook (Revenue, USD Million, 2017 - 2030)
- Manufacturing Sector
  - Automotive
  - Aerospace
  - Electronics
  - Chemical
  - Pharmaceuticals
  - Plastics
  - Defense
  - FMCG
  - Tissue
  - Others
- Wholesale and Distribution Sector
  - E-commerce
  - Retail Chains/Conveyance Stores
  - Grocery Stores
  - Hotels and Restaurants
Automated Guided Vehicle (AGV) Component Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
- Software
- Service
Automated Guided Vehicle (AGV) Battery Type Outlook (Revenue, USD Million, 2017 - 2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
Automated Guided Vehicle (AGV) Mode of Operation Outlook (Revenue, USD Million, 2017-2030)
- Indoor
- Outdoor
Automated Guided Vehicle (AGV) Regional Outlook (Revenue, USD Million,2017 - 2030)
- North America
  - North America AGV Market, By Vehicle Type
    - Tow Vehicle
    - Unit Load Carrier
    - Pallet Truck
    - Forklift Truck
    - Hybrid Vehicles
    - Others
  - North America AGV Market, By Navigation Technology
    - Laser Guidance
    - Magnetic Guidance
    - Vision Guidance
    - Inductive Guidance
    - Natural Navigation
    - Others
  - North America AGV Market, By Application
    - Logistics and Warehousing
      - Transportation
      - Cold Storage
      - Wholesale & Distribution
      - Cross-docking
    - Assembly
    - Packaging
    - Trailer Loading and Unloading
    - Raw Material Handling
    - Others
  - North America AGV Market, By End-Use Industry
    - Manufacturing Sector
      - Automotive
      - Aerospace
      - Electronics
      - Chemical
      - Pharmaceuticals
      - Plastics
      - Defense
      - FMCG
      - Tissue
      - Others
    - Wholesale and Distribution Sector
      - E-commerce
      - Retail Chains/Conveyance Stores
      - Grocery Stores
      - Hotels and Restaurants
  - North America AGV Market, By Component
    - Hardware
    - Software
    - Service
  - North America AGV Market, By Battery Type
    - Lead Battery
    - Lithium-Ion Battery
    - Nickel-based Battery
    - Others
  - North America AGV Market, By Mode of Operation
    - Indoor
    - Outdoor
  - U.S.
  - Canada
    - Canada AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Canada AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Canada AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Canada AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Canada AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Canada AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Canada AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
- Europe
  - Europe AGV Market, By Vehicle Type
    - Tow Vehicle
    - Unit Load Carrier
    - Pallet Truck
    - Forklift Truck
    - Hybrid Vehicles
    - Others
  - Europe AGV Market, By Navigation Technology
    - Laser Guidance
    - Magnetic Guidance
    - Vision Guidance
    - Inductive Guidance
    - Natural Navigation
    - Others
  - Europe AGV Market, By Application
    - Logistics and Warehousing
      - Transportation
      - Cold Storage
      - Wholesale & Distribution
      - Cross-docking
    - Assembly
    - Packaging
    - Trailer Loading and Unloading
    - Raw Material Handling
    - Others
  - Europe AGV Market, By End-Use Industry
    - Manufacturing Sector
      - Automotive
      - Aerospace
      - Electronics
      - Chemical
      - Pharmaceuticals
      - Plastics
      - Defense
      - FMCG
      - Tissue
      - Others
    - Wholesale and Distribution Sector
      - E-commerce
      - Retail Chains/Conveyance Stores
      - Grocery Stores
      - Hotels and Restaurants
  - Europe AGV Market, By Component
    - Hardware
    - Software
    - Service
  - Europe AGV Market, By Battery Type
    - Lead Battery
    - Lithium-Ion Battery
    - Nickel-based Battery
    - Others
  - Europe AGV Market, By Mode of Operation
    - Indoor
    - Outdoor
  - Germany
    - Germany AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Germany AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Germany AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Germany AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Germany AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Germany AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Germany AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - U.K.
    - U.K. AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - U.K. AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - U.K. AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - U.K. AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - U.K. AGV Market, By Component
      - Hardware
      - Software
      - Service
    - U.K. AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - U.K. AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - France
    - France AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - France AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - France AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - France AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - France AGV Market, By Component
      - Hardware
      - Software
      - Service
    - France AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - France AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
- Asia Pacific
  - Asia Pacific AGV Market, By Vehicle Type
    - Tow Vehicle
    - Unit Load Carrier
    - Pallet Truck
    - Forklift Truck
    - Hybrid Vehicles
    - Others
  - Asia Pacific AGV Market, By Navigation Technology
    - Laser Guidance
    - Magnetic Guidance
    - Vision Guidance
    - Inductive Guidance
    - Natural Navigation
    - Others
  - Asia Pacific AGV Market, By Application
    - Logistics and Warehousing
      - Transportation
      - Cold Storage
      - Wholesale & Distribution
      - Cross-docking
    - Assembly
    - Packaging
    - Trailer Loading and Unloading
    - Raw Material Handling
    - Others
  - Asia Pacific AGV Market, By End-Use Industry
    - Manufacturing Sector
      - Automotive
      - Aerospace
      - Electronics
      - Chemical
      - Pharmaceuticals
      - Plastics
      - Defense
      - FMCG
      - Tissue
      - Others
    - Wholesale and Distribution Sector
      - E-commerce
      - Retail Chains/Conveyance Stores
      - Grocery Stores
      - Hotels and Restaurants
  - Asia Pacific AGV Market, By Component
    - Hardware
    - Software
    - Service
  - Asia Pacific AGV Market, By Battery Type
    - Lead Battery
    - Lithium-Ion Battery
    - Nickel-based Battery
    - Others
  - Asia Pacific AGV Market, By Mode of Operation
    - Indoor
    - Outdoor
  - China
    - China AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - China AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - China AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - China AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - China AGV Market, By Component
      - Hardware
      - Software
      - Service
    - China AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - China AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - Japan
    - Japan AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Japan AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Japan AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Japan AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Japan AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Japan AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Japan AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - India
    - India AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - India AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - India AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - India AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - India AGV Market, By Component
      - Hardware
      - Software
      - Service
    - India AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - India AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - Australia
    - Australia AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Australia AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Australia AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Australia AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Australia AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Australia AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Australia AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - South Korea
    - South Korea AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - South Korea AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - South Korea AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - South Korea AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - South Korea AGV Market, By Component
      - Hardware
      - Software
      - Service
    - South Korea AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - South Korea AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
- Latin America
  - Latin America AGV Market, By Vehicle Type
    - Tow Vehicle
    - Unit Load Carrier
    - Pallet Truck
    - Forklift Truck
    - Hybrid Vehicles
    - Others
  - Latin America AGV Market, By Navigation Technology
    - Laser Guidance
    - Magnetic Guidance
    - Vision Guidance
    - Inductive Guidance
    - Natural Navigation
    - Others
  - Latin America AGV Market, By Application
    - Logistics and Warehousing
      - Transportation
      - Cold Storage
      - Wholesale & Distribution
      - Cross-docking
    - Assembly
    - Packaging
    - Trailer Loading and Unloading
    - Raw Material Handling
    - Others
  - Latin America AGV Market, By End-Use Industry
    - Manufacturing Sector
      - Automotive
      - Aerospace
      - Electronics
      - Chemical
      - Pharmaceuticals
      - Plastics
      - Defense
      - FMCG
      - Tissue
      - Others
    - Wholesale and Distribution Sector
      - E-commerce
      - Retail Chains/Conveyance Stores
      - Grocery Stores
      - Hotels and Restaurants
  - Latin America AGV Market, By Component
    - Hardware
    - Software
    - Service
  - Latin America AGV Market, By Battery Type
    - Lead Battery
    - Lithium-Ion Battery
    - Nickel-based Battery
    - Others
  - Latin America AGV Market, By Mode of Operation
    - Indoor
    - Outdoor
  - Brazil
    - Brazil AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Brazil AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Brazil AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Brazil AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Brazil AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Brazil AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Brazil AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - Mexico
    - Mexico AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Mexico AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Mexico AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Mexico AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Mexico AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Mexico AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Mexico AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
- Middle East and Africa (MEA)
  - Middle East and Africa AGV Market, By Vehicle Type
    - Tow Vehicle
    - Unit Load Carrier
    - Pallet Truck
    - Forklift Truck
    - Hybrid Vehicles
    - Others
  - Middle East and Africa AGV Market, By Navigation Technology
    - Laser Guidance
    - Magnetic Guidance
    - Vision Guidance
    - Inductive Guidance
    - Natural Navigation
    - Others
  - Middle East and Africa AGV Market, By Application
    - Logistics and Warehousing
      - Transportation
      - Cold Storage
      - Wholesale & Distribution
      - Cross-docking
    - Assembly
    - Packaging
    - Trailer Loading and Unloading
    - Raw Material Handling
    - Others
  - Middle East and Africa AGV Market, By End-Use Industry
    - Manufacturing Sector
      - Automotive
      - Aerospace
      - Electronics
      - Chemical
      - Pharmaceuticals
      - Plastics
      - Defense
      - FMCG
      - Tissue
      - Others
    - Wholesale and Distribution Sector
      - E-commerce
      - Retail Chains/Conveyance Stores
      - Grocery Stores
      - Hotels and Restaurants
  - Middle East and Africa AGV Market, By Component
    - Hardware
    - Software
    - Service
  - Middle East and Africa AGV Market, By Battery Type
    - Lead Battery
    - Lithium-Ion Battery
    - Nickel-based Battery
    - Others
  - Middle East and Africa AGV Market, By Mode of Operation
    - Indoor
    - Outdoor
  - Kingdom of Saudi Arabia (KSA)
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - Kingdom of Saudi Arabia (KSA) AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Component
      - Hardware
      - Software
      - Service
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - Kingdom of Saudi Arabia (KSA) AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - UAE
    - UAE AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - UAE AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - UAE AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - UAE AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - UAE AGV Market, By Component
      - Hardware
      - Software
      - Service
    - UAE AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - UAE AGV Market, By Mode of Operation
      - Indoor
      - Outdoor
  - South Africa
    - South Africa AGV Market, By Vehicle Type
      - Tow Vehicle
      - Unit Load Carrier
      - Pallet Truck
      - Forklift Truck
      - Hybrid Vehicles
      - Others
    - South Africa AGV Market, By Navigation Technology
      - Laser Guidance
      - Magnetic Guidance
      - Vision Guidance
      - Inductive Guidance
      - Natural Navigation
      - Others
    - South Africa AGV Market, By Application
      - Logistics and Warehousing
        
        Transportation
        
        Cold Storage
        
        Wholesale & Distribution
        
        Cross-docking
      - Assembly
      - Packaging
      - Trailer Loading and Unloading
      - Raw Material Handling
      - Others
    - South Africa AGV Market, By End-Use Industry
      - Manufacturing Sector
        
        Automotive
        
        Aerospace
        
        Electronics
        
        Chemical
        
        Pharmaceuticals
        
        Plastics
        
        Defense
        
        FMCG
        
        Tissue
        
        Others
      - Wholesale and Distribution Sector
        
        E-commerce
        
        Retail Chains/Conveyance Stores
        
        Grocery Stores
        
        Hotels and Restaurants
    - South Africa AGV Market, By Component
      - Hardware
      - Software
      - Service
    - South Africa AGV Market, By Battery Type
      - Lead Battery
      - Lithium-Ion Battery
      - Nickel-based Battery
      - Others
    - South Africa AGV Market, By Mode of Operation
      - Indoor
      - Outdoor

Automated Guided Vehicle Market Dynamics

Increasing demand for automation and material handling equipment in various process industries

In a warehouse or manufacturing facility, material handling equipment is necessary for effective product movement, stock location, order preparation, and localization. As they upgrade existing facilities, implement cutting-edge manufacturing processes, and build new factories and warehouses in an effort to boost productivity and reduce labour costs, industrial companies throughout the world make investments in new automated storage, retrieval systems, and other material handling equipment. Furthermore, new market subsegments for automated guided vehicles (AGVs) have emerged as a result of the advancements in automation and artificial intelligence (AI). These subsegments are growing far faster than traditional ones and present significant challenges for original equipment manufacturers.

Logistics and transportation companies are also spending more on these products in order to meet the growing demand for their services and enhance the efficiency of their operations. Material handling and logistics are considered to be among the most important and quickly growing businesses in the United States, according to the Department of Commerce and the Bureau of Labour Statistics. In America, the annual cost of material handling and logistics systems and equipment is more than USD 156 billion. Throughout the forecast period, the growing need for material handling equipment is anticipated to propel market expansion.

Replacement of conventional batteries with lithium-ion batteries

Due to its higher energy density (about three times that of lead-acid batteries) and faster charging rates, lithium-ion batteries are becoming more and more popular in material handling equipment. They also have longer cycle lives. Because these batteries don't leak or produce any gases, they are ideal for automated guided vehicles (AGVs), which run continuously. Lithium-ion batteries are also significantly lighter and smaller than lead-acid batteries. The integration of AGVs and lithium-ion batteries can yield substantial improvements to any warehouse or conveyor system, with ongoing process improvements contributing to increased efficiency and cost savings. For example, the lithium-ion battery manufacturer Electrovaya demonstrated in March 2022 the benefits and long-lasting cycle of their UL-certified safety requirements. Utilizing EV-44 lithium-ion ceramic cells, the EV14S1P is a lithium battery that can power over a thousand autonomous giant vehicles. The lithium battery is longer lasting and safer for consumers thanks to its UL certification. In a 24/7 operation, changing out batteries during a shift is not necessary because lithium-ion batteries have longer runtimes and can be charged faster than conventional batteries.

Market Restraints

High initial cost

Modern AGV systems entail a substantial investment for any company. A single guided vehicle typically costs roughly USD 100,000, while the cost of a system involving several cars, navigational aids, communication gear, and safety systems can be multiplied several times. Applications for AGV have been limited to large enterprises and Small and Medium-sized Enterprises (SMEs) due to the costly initial expenditure. In the medium term, market expansion is hampered by the high starting cost. On the other hand, over time, this high initial cost results in a high Return on Investment (ROI). For example, during five years, employing five AGVs in three shifts saves USD 1.56 million. Moreover, the return on investment appears after just 16 months. AGVs have a cost which is the initial investment. However, they gradually improve an operation's bottom line by lowering labour expenses and increasing productivity. Compared to employing staff or utilising other tools, like forklifts, buying an AGV will probably cost more upfront, but over time, the savings are usually realised in full. Since smaller enterprises have more difficult access to finance, it may be more difficult for them to make this initial investment.

What Does This Report Include?

This section will provide insights into the contents included in this automated guided vehicle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Automated guided vehicle market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Automated guided vehicle market quantitative analysis

Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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