Automated Guided Vehicle Market

Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles), Navigation Technology (Laser Guidance, Vision Guidance), Application, Industry, and Geography - Global Forecast to 2024

Report Code: SE 3351 Oct, 2019, by marketsandmarkets.com
Updated date -

The overall automated guided vehicle market is expected to grow from USD 2.0 billion in 2019 to USD 2.9 billion by 2024 at a CAGR of 7.8%.

Automated Guided Vehicle Market

The market growth is fueled by the growing demand for automation in material-handling across industries, the rising popularity of e-commerce, improved safety standards at workplaces, and shift in demand from mass production to mass customization.

Key Market Dynamics in Automated Guided Vehicle Market

Growing demand for automation in material-handling across industries

The overall need for high efficiency in automotive, healthcare, e-commerce, and food & beverages industries is increasing the demands for automation. The AGV-enabled automation of industrial facilities can help meet the requirements related to material handling capacity, along with reducing production time, lessening the chances of human errors, enhancing safety, ensuring high production volumes, and increasing accuracy and repeatability.

The use of AGVs enables just-in-time (JIT) delivery of raw material, computerized control of received assembled parts, and tracking of shipped articles. AGV help store, distribute, and transport material without human intervention, thereby ruling out the possibilities of injuries to workers and damage to products. Furthermore, the deployment of AGV enables companies in various industries to apply new technologies that would deliver immediate value and long-term returns. This trend is driving the need for information-enabled systems such as AGVs that can help industries to manage plant assets and make better operational decisions.

High installation, maintenance, and switching costs

Huge capital expenditure is required to install and set up AGVs. The high cost can discourage manufacturing companies from choosing high-end AGVs. Small enterprises cannot afford automated systems and hence opt for traditional/manual handling forklift trucks. The cost of maintaining AGVs, which varies according to the age, type, location, number of shifts per day, and condition of the equipment, also acts as a barrier for the growth of this market. For instance, AGVs used in the manufacturing, chemicals, and construction industries have a high maintenance cost. Moreover, it is difficult for companies to invest in automation solutions due to high capital spending and long payback period.

The costs associated with the overall setup of AGV systems is high as these vehicles are programmed, and require navigation and communication systems to interact with other material handling equipment. The average payback period for AGVs usually ranges from 3 to 5 years. Therefore, it is difficult for many companies to invest in AGVs due to high capital spending and a long payback period. Furthermore, warehouse operators need to change warehouse layouts to support AGV systems. While designing new layouts, companies need to focus on key aspects such as worker safety, space utilization, and easy accessibility to items. Companies spend a considerable amount on infrastructure development. Thus, the impact of the high setup cost on the growth of the AGV market is considered to be high. Determination of the exact number of AGVs required is another important consideration for deploying AGVs across an industrial facility. As material handling requirement in some industries fluctuates according to the market demand or their production cycle, companies cannot precisely predict the number of AGVs required in their facilities. Thus, high capital investment acts as a key restraint for the growth of the Automated Guided Vehicle Market.

Automated Guided Vehicle Market for other types of AGVs to grow at highest CAGR from 2019 to 2024

The adoption rate of other types of AGVs—hybrid AGVs and customized AGVs—is currently high. Manufacturers are designing hybrid and customized AGVs to cater to the varying material-handling requirements of different industries. Furthermore, they aid in moving and handling almost all types of industrial load, from small parts to heavy pallets. These are used in material transportation throughout plants/warehouses. Customized and hybrid AGVs are being manufactured to cater to the varied needs of end users, which is likely to lead the Automated Guided Vehicle Market for this segment to grow at a high rate during the forecast period.

AGV market for retail to exhibit high growth during forecast period

The retail industry is expected to register the highest CAGR during the forecast period. The increasing globalization, and the emergence of online retailing and bulk retailing have escalated the demand for AGVs in the retail industry. With the growing pressure on retail companies to meet the ever-increasing demand of its customers, the companies are focusing on operating more efficiently. The implementation of AGVs in warehouses and stores helps them achieve this, which is expected to contribute to the highest expected CAGR of the market for retail during the forecast period.

Automated Guided Vehicle Market

Automated guided vehicle market in APAC to grow at highest CAGR during forecast period

The automated guided vehicle market in APAC is expected to grow at the highest CAGR during the forecast period. China and Japan are the major contributors to the growth of this market. The rapid growth of automotive, food & beverages, and healthcare industries in emerging economies, such as China, India, and Korea, has contributed to the growth of the Automated Guided Vehicle Market in APAC. Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which can be best achieved by the implementation of AGVs. The AGV market is witnessing rapid growth in countries such as China and Japan owing to increasing investments by manufacturers and suppliers in the installation of these vehicles at warehouses and distribution centres.

Key Market Players

As of 2018, Daifuku (Japan), JBT Corporation (US), KION Group (Germany), KUKA (Germany), Toyota Industries (Japan), Hyster-Yale Materials Handling (US), Oceaneering International (US), E&K Automation (Germany), Kollmorgen (US), Seegrid Corporation (US), and SSI Schaefer (Germany) were the major players in the automated guided vehicle market.

Daifuku (Japan) is a major player in the Automated Guided Vehicle Market. Daifuku focuses on its core material-handling business by enhancing the sales and production plans of manufacturing and distribution systems. With more than 70 years of experience in the material-handling industry, the company is one of the leaders in the AGV market. It was ranked first in the Top 20 Worldwide Materials Handling Systems Suppliers 2017 for the consecutively third year, by US-based Modern Material Handling magazine; the ranking was based on sales in 2016. The company has adopted both organic as well as inorganic strategies to continue to grow in the market. In April 2019, Daifuku acquired Vega Conveyors & Automation, a major player in the material handling systems market in APAC.

Scope of Report:

Report Metric

Details

Years considered for providing market size

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD) in million/billion

Segments covered

Type, navigation technology, application, and industry

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Daifuku (Japan), JBT Corporation (US), Kion Group (Germany), KUKA (Germany), Toyota Industries (Japan), Hyster-Yale Materials Handling (US), Oceaneering International (US), E&K Automation (Germany), KollMorgen (US), Seegrid Corporation (US), SSI Schaefer (Germany), Addverb Technologies (India), AGV International (Netherlands), America in Motion (US), Grenzebach (US), Meiden America (US), Rocla (Finland), Savant Automation (US), Transbotics Corporation (US), and Uncease Automation (India)

In this report, the overall AGV market has been segmented into type, navigation technology, application, industry, and geography.

Automated Guided Vehicle Market, By Type:

  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Trucks
  • Other Types (Hybrid AGVs and Customized AGVs)

AGV Market, By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Vision Guidance
  • Others (Dead Reckoning Guidance, Inertial Guidance, and Beacon Guidance)

Automated Guided Vehicle Market, By Application

  • Transportation
  • Storage
  • Distribution
  • Assembly
  • Packaging
  • Waste Handling

AGV Market, By Industry

  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace
  • Healthcare
  • Logistics
  • Retail
  • Other Industries (Chemicals, Printing & Paper, Textiles, Plastics, and Wood Industries)

Automated Guided Vehicle Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East
    • Africa

Recent Developments

  • In April 2019, Daifuku completed the acquisition of Vega Conveyors & Automation. Vega is involved in consulting, design, manufacture, installation, and after-sales service of conveyors and other material handling equipment within its domestic market in India
  • In March 2019, Crown Equipment partnered with JBT Corporation to provide clients with increased access to their combined portfolio of automation capabilities, helping users achieve a tangible return on investment (RoI).
  • In March 2019, KION Group established a new industrial truck facility in India. It would launch the new plant, spread over ~94,000 m2 area, in early 2020. The project will incorporate a cutting-edge production facility, a research and development center, training center for service personnel, and space for the future growth of Dematic in India.

Critical Questions:

  • Which type of AGVs is expected to have the highest demand in the future?
  • Which is the most adopted navigation technology for AGVs in the market?
  • How are the AGVs applied in various industries to facilitate the distribution and transportation application?
  • What are the key trends in the AGV market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
            Figure 1 Automated Guided Vehicle Market: Research Design
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
                                Figure 2 Bottom-Up Approach to Arrive at Market Size
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
                                Figure 3 Top-Down Approach to Arrive at Market Size
    2.3 Market Breakdown and Data Triangulation
            Figure 4 Data Triangulation
    2.4 Research Assumptions
            Figure 5 Assumptions of Research Study

3 Executive Summary (Page No. - 34)
      Figure 6 Automated Guided Vehicle Market Segmentation
      Figure 7 Tow Vehicles Accounted for Largest Share of Automated Guided Vehicle Market in 2018
      Figure 8 Laser Guidance Accounted for Largest Share of Automated Guided Vehicle Market in 2018
      Figure 9 Transportation Held Largest Share of Automated Guided Vehicle Market in 2018
      Figure 10 Retail to Register Highest CAGR in AGV Market During Forecast Period
      Figure 11 APAC to Witness Highest CAGR in AGV Market During Forecast Period

4 Premium Insights (Page No. - 40)
    4.1 Automated Guided Vehicle Market, 2019–2024 (USD Billion)
            Figure 12 Growth of Automotive Industry to Boost Automated Guided Vehicle Market
    4.2 Automated Guided Vehicle Market, By Type
            Figure 13 Tow Vehicles to Account for Largest Size of Automated Guided Vehicle Market From 2019 to 2024
    4.3 Automated Guided Vehicle Market, By Navigation Technology
            Figure 14 Laser Guidance to Hold Largest Size of AGV Market From 2019 to 2024
    4.4 Automated Guided Vehicle Market, By Application
            Figure 15 Transportation to Hold Largest Size of AGV Market From 2019 to 2024
    4.5 Automated Guided Vehicle Market, By Industry and Region
            Figure 16 Automotive and Europe Were Largest Shareholders in AGV Market in 2019
    4.6 Automated Guided Vehicle Market, By Geography
            Figure 17 US to Hold Largest Share of Automated Guided Vehicle Market By 2019

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
            Figure 18 Droc: Automated Guided Vehicle Market, 2019
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Automation in Material-Handling Across Industries
                    5.2.1.2 Rising Popularity of E-Commerce
                    5.2.1.3 Improved Safety Standards at Workplaces
                    5.2.1.4 Shift in Demand From Mass Production to Mass Customization
           5.2.2 Restraints
                    5.2.2.1 High Installation, Maintenance, and Switching Costs
                    5.2.2.2 Increasing use of Mobile Robots in Retail and E-Commerce Industries
           5.2.3 Opportunities
                    5.2.3.1 Integration of Industry 4.0 With Robotics
                    5.2.3.2 Rising Adoption of Industrial Automation By SMES
                    5.2.3.3 Industrial Growth in Emerging Economies
                    5.2.3.4 Presence of Huge Intralogistics Sector in Southeast Asia
           5.2.4 Challenges
                    5.2.4.1 Low Labor Cost and Dependency on Labor in Manufacturing Sector of Emerging Economies
                    5.2.4.2 Technical Challenges Related to Sensing Elements
    5.3 Value Chain Analysis
            Figure 19 Major Value Added During Manufacturing and Assembly, and System Integration Stages

6 Automated Guided Vehicle Market, By Type (Page No. - 50)
    6.1 Introduction
            Figure 20 Types of Automated Guided Vehicles
            Figure 21 Tow Vehicles to Hold Largest Size of AGV Market During Forecast Period
            Table 1 AGV Market, By Type, 2016–2024 (USD Million)
    6.2 Tow Vehicles
           6.2.1 Tow Vehicles to Hold Largest Size of Global AGV Market
                     Table 2 AGV Market for Tow Vehicles, By Navigation Technology, 2016–2024 (USD Million)
                     Table 3 AGV Market for Tow Vehicles, By Application, 2016–2024 (USD Million)
                     Figure 22 Automotive to Hold Largest Size of AGV Market for Tow Vehicles During Forecast Period
                     Table 4 AGV Market for Tow Vehicles, By Industry, 2016–2024 (USD Million)
                     Table 5 AGV Market for Tow Vehicles, By Region, 2016–2024 (USD Million)
    6.3 Unit Load Carriers
           6.3.1 Automotive Industry to be Major Contributor to Demand for Unit Load Carriers
                     Table 6 AGV Market for Unit Load Carriers, By Navigation Technology, 2016–2024 (USD Million)
                     Figure 23 Unit Load Carrier Market for Distribution to Grow at Highest CAGR During 2019–2024
                     Table 7 AGV Market for Unit Load Carriers, By Application, 2016–2024 (USD Million)
                     Table 8 AGV Market for Unit Load Carriers, By Industry, 2016–2024 (USD Million)
                     Table 9 AGV Market for Unit Load Carriers, By Region, 2016–2024 (USD Million)
    6.4 Pallet Trucks
           6.4.1 Vision-Guided Pallet Trucks to Register Highest Grow in Market During Forecast Period
                     Table 10 AGV Market for Pallet Trucks, By Navigation Technology, 2016–2024 (USD Million)
                     Table 11 AGV Market for Pallet Trucks, By Application, 2016–2024 (USD Million)
                     Figure 24 Automotive to Hold Largest Size of AGV Market for Pallet Trucks During Forecast Period
                     Table 12 AGV Market for Pallet Trucks, By Industry, 2016–2024 (USD Million)
                     Table 13 AGV Market for Pallet Trucks, By Region, 2016–2024 (USD Million)
    6.5 Assembly Line Vehicles
           6.5.1 Assembly Line Vehicles Majorly Used for Transportation Applications
                     Table 14 AGV Market for Assembly Line Vehicles, By Navigation Technology, 2016–2024 (USD Million)
                     Table 15 AGV Market for Assembly Line Vehicles, By Application, 2016–2024 (USD Million)
                     Table 16 AGV Market for Assembly Line Vehicles, By Industry, 2016–2024 (USD Million)
                     Figure 25 AGV Market for Assembly Line Vehicles in APAC to Grow at Highest CAGR During Forecast Period
                     Table 17 AGV Market for Assembly Line Vehicles, By Region, 2016–2024 (USD Million)
    6.6 Forklift Trucks
           6.6.1 Logistics Industry to Witness Highest CAGR in AGV Market for Forklift Trucks During Forecast Period
                     Figure 26 Forklift Trucks Based on Laser Guidance Navigation Technology to Hold Largest Size of Market During Forecast Period
                     Table 18 AGV Market for Forklift Trucks, By Navigation Technology, 2016–2024 (USD Million)
                     Table 19 AGV Market for Forklift Trucks, By Application, 2016–2024 (USD Million)
                     Table 20 AGV Market for Forklift Trucks, By Industry, 2016–2024 (USD Million)
                     Table 21 AGV Market for Forklift Trucks, By Region, 2016–2024 (USD Million)
    6.7 Other Types
             Table 22 AGV Market for Other Types, By Navigation Technology, 2016–2024 (USD Million)
             Table 23 AGV Market for Other Types, By Application, 2016–2024 (USD Million)
             Table 24 AGV Market for Other Types, By Industry, 2016–2024 (USD Million)
             Figure 27 APAC to Register Highest CAGR in Market for Other AGV Types During Forecast Period
             Table 25 AGV Market for Others, By Region, 2016–2024 (USD Million)

7 Automated Guided Vehicle Market, By Navigation Technology (Page No. - 70)
    7.1 Introduction
            Figure 28 Automated Guided Vehicle Market, By Navigation Technology
            Table 26 AGV Market, By Navigation Technology, 2016–2024 (USD Million)
            Figure 29 Laser Guidance to Hold Largest Size of Automated Guided Vehicle Market in 2019
    7.2 Laser Guidance
           7.2.1 Laser Guided Technology to Hold Largest Size of AGV Market During Forecast Period
                     Table 27 AGV Market for Laser Guidance, By Type, 2016–2024 (USD Million)
    7.3 Magnetic Guidance
           7.3.1 Magnetic Guidance AGVs are Chiefly Used in Food & Beverages and Automotive Industries
                     Table 28 AGV Market for Magnetic Guidance, By Type, 2016–2024 (USD Million)
    7.4 Inductive Guidance
           7.4.1 Inductive Guidance is Among the Most Common Types of Guidance Systems
                     Figure 30 Tow Vehicles Held Largest Size of AGV Market for Inductive Guidance in 2018
                     Table 29 AGV Market for Inductive Guidance, By Type, 2016–2024 (USD Million)
    7.5 Optical Tape Guidance
           7.5.1 Tow Vehicles to Hold Largest Size of Optical Tape-Guided AGVs During Forecast Period
                     Table 30 AGV Market for Optical Tape Guidance, By Type, 2016–2024 (USD Million)
    7.6 Vision Guidance
           7.6.1 Vision Guidance AGVs to Register Highest CAGR in Market During Forecast Period
                     Table 31 AGV Market for Vision Guidance, By Type, 2016–2024 (USD Million)
    7.7 Others
            Figure 31 Assembly Line Vehicles to Register Highest CAGR in AGV Market for Other Navigation Technologies During Forecast Period
            Table 32 AGV Market for Other Navigation Technologies, By Type, 2016–2024 (USD Million)

8 Automated Guided Vehicle Market, By Application (Page No. - 79)
    8.1 Introduction
            Figure 32 Automated Guided Vehicle Market, By Application
            Table 33 AGV Market, By Application, 2016–2024 (USD Million)
            Figure 33 Transportation to Hold Largest Size of Automated Guided Vehicle Market During Forecast Period
    8.2 Transportation
           8.2.1 Transportation to Hold Largest Size of AGV Market During Forecast Period
    8.3 Distribution
           8.3.1 AGV Market for Distribution Application to Grow at Highest CAGR During Forecast Period
    8.4 Storage
           8.4.1 use of AGVs Ensures Efficient Storage of Materials
    8.5 Assembly
           8.5.1 AGVs Have Major Assembly Applications in Autmotive and Food & Beverages Industries
    8.6 Packaging
           8.6.1 Significance of Packaing is Increasing in E-Commerce and Food & Beverages Industry
    8.7 Waste Handling
           8.7.1 Hazardous Environments Fuelling Demand for AGVs in Waste Handling

9 Automated Guided Vehicle Market, By Industry (Page No. - 84)
    9.1 Introduction
            Figure 34 Automated Guided Vehicles Market, By Industry
            Table 34 AGV Market, By Industry, 2016–2024 (USD Million)
            Figure 35 Automotive to Hold Largesr Size of AGV Market During Forecast Period
    9.2 Automotive
           9.2.1 Automotive Industry Holds Largest Share of Global AGV Market
                      Table 35 AGV Market for Automotive , By Type, 2016–2024 (USD Million)
                      Table 36 AGV Market for Automotive, By Region, 2016–2024 (USD Million)
    9.3 Manufacturing
           9.3.1 European Manufacturing Industry is Largest Market for AGV Providers
                      Table 37 AGV Market for Manufacturing , By Type, 2016–2024 (USD Million)
                      Figure 36 AGV Market for Manufacturing Industry in APAC to Grow at Highest CAGR During Forecast Period
                      Table 38 AGV Market for Manufacturing , By Region, 2016–2024 (USD Million)
    9.4 Food & Beverages
           9.4.1 Growing Worldwide Demand for Food and Beverage Products Driving Adoption of AGVs
                      Table 39 AGV Market for Food & Beverages , By Type, 2016–2024 (USD Million)
                      Table 40 AGV Market for Food & Beverages , By Region, 2016–2024 (USD Million)
    9.5 Aerospace
           9.5.1 AGVs Facilitate Manufacturing and Assembly Operations in Aerospace Industry
                      Figure 37 Tow Vehicles to Hold Largest Size of AGV Market for Aerospace Industry During Forecast Period
                      Table 41 AGV Market for Aerospace , By Type, 2016–2024 (USD Million)
                      Table 42 AGV Market for Aerospace , By Region, 2016–2024 (USD Million)
    9.6 Healthcare
           9.6.1 AGV Market for Healthcare Industry in APAC to Witness Highest CAGR During Forecast Period
                      Table 43 AGV Market for Healthcare , By Type, 2016–2024 (USD Million)
                      Table 44 AGV Market for Healthcare , By Region, 2016–2024 (USD Million)
    9.7 Logistics
           9.7.1 Growing E-Commerce and Online Retailing Driving Demand for AGVs in Logistics Operations
                      Figure 38 Tow Vehicles to Hold Largest Size of AGV Market for Logistics Industry During 2019–2024
                      Table 45 AGV Market for Logistics , By Type, 2016–2024 (USD Million)
                      Table 46 AGV Market for Logistics, By Region, 2016–2024 (USD Million)
    9.8 Retail
           9.8.1 AGV Market for Retail Industry to Grow at Highest CAGR in Coming Years
                      Figure 39 Tow Vehicles to Hold Largest Size of AGV Market for Retail During Forecast Period
                      Table 47 AGV Market for Retail, By Type, 2016–2024 (USD Million)
                      Table 48 AGV Market for Retail, By Region, 2016–2024 (USD Million)
    9.9 Other Industries
            Table 49 AGV Market for Other Industries, By Type, 2016–2024 (USD Million)
            Table 50 AGV Market for Other Industries, By Region, 2016–2024 (USD Million)

10 Geographic Analysis (Page No. - 101)
     10.1 Introduction
               Figure 40 Australia to Register Highest CAGR in AGV Market During Forecast Period
               Table 51 AGV Market, By Region, 2016–2024 (USD Million)
     10.2 North America
               Figure 41 North America: Automated Guided Vehicle Market Snapshot
             10.2.1 US
                       10.2.1.1 US to Lead AGV Market in North America During Forecast Period
             10.2.2 Canada
                       10.2.2.1 Automotive in Canada to Aid AGV Market Growth
             10.2.3 Mexico
                       10.2.3.1 AGV Market in Mexico to Grow at Highest Rate
                                     Table 52 AGV Market in North America, By Country, 2016–2024 (USD Million)
                                     Figure 42 Automotive to Hold Largest Size of AGV Market in North America During Forecast Period
                                     Table 53 AGV Market in North America, By Industry, 2016–2024 (USD Million)
     10.3 Europe
               Figure 43 Europe: Automated Guided Vehicle Market Snapshot
             10.3.1 Germany
                       10.3.1.1 Germany to Hold Largest Size of AGV Market in Europe
             10.3.2 UK
                       10.3.2.1 Automotive Industry in the UK to Fuel AGV Market
             10.3.3 France
                       10.3.3.1 Growing Retail Sector in France to Aid Growth of AGV Market
             10.3.4 Rest of Europe
                       10.3.4.1 AGV Market in Rest of Europe to Grow at Highest Rate During Forecast Period
                                      Figure 44 Germany to Hold Largest Size of AGV Market in Europe During Forecast Period
                                      Table 54 AGV Market in Europe, By Country, 2016–2024 (USD Million)
                                      Table 55 AGV Market in Europe, By Industry, 2016–2024 (USD Million)
     10.4 APAC
               Figure 45 APAC: Automated Guided Vehicle Market Snapshot
             10.4.1 China
                       10.4.1.1 China to Hold Largest Size of AGV Market in APAC
             10.4.2 Japan
                       10.4.2.1 Growing E-Commerc Industry in Japan to Support AGV Market Growth
             10.4.3 Australia
                       10.4.3.1 AGV Market in Australia to Grow at Highest Rate During Forecast Period
             10.4.4 South Korea
                       10.4.4.1 Manufacturing Industry of South Korea to Support Growth of AGV Market
             10.4.5 Rest of APAC
                       10.4.5.1 Developing Manufacturing Sector to Support Growth of AGV Market in Rest of APAC
                                     Table 56 AGV Market in APAC, By Country, 2016–2024 (USD Million)
                                     Figure 46 Automotive to Hold Largest Size of AGV Market in APAC During Forecast Period
                                     Table 57 AGV Market in APAC, By Industry, 2016–2024 (USD Million)
     10.5 RoW
               Figure 47 RoW: Automated Guided Vehicle Market Snapshot
             10.5.1 South America
                       10.5.1.1 South America to Lead AGV Market in RoW
             10.5.2 Africa
                       10.5.2.1 Increasing Warehouse Automation to Support AGV Market Growth
             10.5.3 Middle East
                       10.5.3.1 AGV Market in the Middle East to Grow at Highest Rate
                                     Table 58 AGV Market in RoW, By Region, 2016–2024 (USD Million)
                                     Table 59 AGV Market in RoW, By Industry, 2016–2024 (USD Million)

11 Competitive Landscape (Page No. - 119)
     11.1 Overview
               Figure 48 Expansions, Partnerships, and Collaborations Emerged as Key Growth Strategy Adopted By Players in Automated Guided Vehicle Market From 2017 to 2019
     11.2 Ranking of Players in Automated Guided Vehicle Market
               Figure 49 Ranking of Top 5 Players in AGV Market, 2018
     11.3 Competitive Situations & Trends
               Figure 50 Market Evolution Framework: Expansions, Partnerships,And Collaborations Fueled Growth of Automated Guided Vehicle Market During 2017–2019
               Figure 51 Expansions, Partnerships, and Collaborations Were Key Strategies Adopted From 2017 to 2019
             11.3.1 Expansions, Partnerships, and Collaborations
                         Table 60 Expansions, Partnerships, and Collaborations, 2017–2019
             11.3.2 Product Launches
                         Table 61 Product Launches, 2018–2019
             11.3.3 Acquisitions
                         Table 62 Acquisitions, 2017–2019
             11.3.4 Contracts and Agreements
                         Table 63 Contracts and Agreements, 2017–2019

12 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Key Players
             12.1.1 Daifuku
                        Figure 52 Daifuku: Company Snapshot
             12.1.2 JBT Corporation
                        Figure 53 JBT Corporation: Company Snapshot
             12.1.3 KION Group
                        Figure 54 KION Group: Company Snapshot
             12.1.4 KUKA
                        Figure 55 KUKA: Company Snapshot
             12.1.5 Toyota Industries
                        Figure 56 Toyota Industries: Company Snapshot
             12.1.6 Hyster-Yale Materials Handling
                        Figure 57 Hyster-Yale Materials Handling: Company Snapshot
             12.1.7 Oceaneering International
                        Figure 58 Oceanering International: Company Snapshot
             12.1.8 E&K Automation
             12.1.9 Kollmorgen
             12.1.10 Seegrid Corporation
             12.1.11 SSI Schafer
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.
     12.2 Other Companies
             12.2.1 Addverb Technologies
             12.2.2 AGV International
             12.2.3 America in Motion
             12.2.4 Grenzebach
             12.2.5 Meiden America
             12.2.6 Rocla
             12.2.7 Savant Automation
             12.2.8 Transbotics Corporation
             12.2.9 Uncease Automation

13 Appendix (Page No. - 160)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

The study involved 4 major activities for estimating the current size of the automated guided vehicle (AGV) market. Exhaustive secondary research was carried out to collect information on the market. The next step involved the validation of these findings, assumptions, and sizing with industry experts, identified in the value chain, through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases [Material Handling Industry of America (MHIA), Material Handling Equipment Distributors Association (MHEDA), Materials Handling Engineers Association (MHEA), OneSource, and Factiva] have been used to identify and collect information for an extensive technical and commercial study of the AGV market.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess prospects. Key players in the AGV market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

Automated Guided Vehicle Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the AGV market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

The objectives of the study are as follows:

  • To describe and forecast the AGV market, in terms of value, by type, navigation technology, application, and industry
  • To forecast the AGV market size, in terms of value, by region - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain of the AGV ecosystem
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as contracts, acquisitions, product launches, and expansions and partnerships in the AGV market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 3351
Published ON
Oct, 2019
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