Automated guided vehicle market is anticipated to grow at a CAGR of 31.5% during the forecast period (2023-2030). The high labour costs and the growing trend of automation and robotics in several industries across the globe is driving the global automated guided vehicles market. The lack of manpower in developed countries has led to a huge need for automated guided vehicles in myriad industries. The industry 4.0 revolution is anticipated to create a paradigm shift in the global automated guided vehicle industry.
Allocation of massive funds to innovative self-driven technologies, electrification, and connectivity has benefited manufacturers and suppliers of automated guided vehicles. For instance, in May 2022, the UK Government allocated funds worth £40 million for projects that will enable services of AGVs, including automated delivery vehicles. The move is aimed at creating nearly 38,000 new jobs for skilled professionals. Continuing the trends of strategic funding and investments, VisionNav Robotics, a China-based manufacturer of industrial logistics robots, raised nearly $80 million in its Series C funding round. Reportedly, it is the highest funding for a firm in the automotive guided vehicle market.
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Automated Guided Vehicle Market Segmentation
By Product Type
- Automated Forklift
- Automated Tow/Tractor/Tugs
- Unit Load
- Assembly Line
- Others
By End-User Industries
- Food & Beverage
- Automotive
- Retail
- Electronics & Electrical
- General Manufacturing
- Pharmaceuticals
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Balyo
- Daifuku Co., Ltd.
- Dematic Group (KION Group AG)
- Egemin Automation Inc. (Quick Search, Inc.)
- ek robotics GmbH
- ELETTRIC80 S.P.A. (E80 GROUP SPA)
- Fetch Robotics (Zebra Technologies Corp.)
- Hyster-Yale Materials Handling, Inc.
- inVia Robotics, Inc.
- KMH Fleet SolutionsKMH Fleet Solutions, Inc.
- Kollmorgen Corp.
- Locus Robotics Corp.
- Schaefer Systems International, Inc.
- Seegrid Corp.
- Swisslog Holding AG (KUKA Aktiengesellschaft)
- System Logistics S.p.A.
- The Bastian Solutions
- Toyota Industries Corp.
- Transbotics (Scott Automation a.s.)
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