Automated Guided Vehicle (AGV) Market

Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025

Report Code: SE 3351 Jul, 2020, by marketsandmarkets.com

[208 Pages Report] The AGV market is projected to grow from USD 2.3 billion in 2020 to USD 3.6 billion by 2025; it is expected to grow at a CAGR of 9.3% from 2020 to 2025. The growth of the AGV market is driven by demand growing demand for automation in material handling across industries, shift in demand from mass production to mass customization, rising popularity of e-commerce owing to COVID-19, and improved safety standards at workplaces.  Moreover, industrial growth in emerging economies, presence of intralogistics sector in Southeast Asia,  and rising adoption of industrial automation by SMEs is likely to fuel the growth of the market.

Automated Guided Vehicle Market

COVID-19 impact on the AGV market

Outbreak of COVID-19 hasn’t given industries and companies time to plan or protect themselves from any losses. The market scenario is vague and may either steeply go up or down, based on the actions taken and results achieved by the organizations. The outbreak has affected various industries across the world. It has led to either closure or suspension of their production activities in most of the industrial units across the world. The outbreak of COVID-19 pandemic is having an enormous impact on the industries such as aviation, automotive, manufacturing, and food & beverages. Number of countries across the world have suspended their domestic and international travel operations to contain the spread of COVID-19. This is expected to result in a decrease in demand for aircraft and a decline in aircraft production, as well as massive revenue losses. The automotive sector is one of the key sectors incurring significant losses owing to the COVID-19 pandemic situation. The supply and demand for automobiles have been impacted globally owing to lockdowns implemented in different countries across the world and closed operations of manufacturing units. COVID-19 has been spreading across the world, starting from APAC, then moving to Europe, and currently accelerating in North America. COVID-19 has affected nearly all continents; however, the US, Brazil, India, Russia, and UK have experienced a sharp increase in diagnosed cases. COVID-19 has had a severe impact on the various industries globally, which would have a significant impact on the AGV market.

Market Dynamics

Driver: Growing demand for automation in material across handling processes 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.

Restraint: 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.

Opportunity: Integration of Industry 4.0 with robotics

Traditional industrial facilities are slowly evolving into smart, connected, and highly efficient automated facilities by integrating Industry 4.0 with automation systems. Industry 4.0 is capable of converting an industrial facility into an autonomous plant. It combines computers and industrial automation solutions with the help of robotics to form a single automated unit. The network of connected devices creates a smart architecture capable of taking decentralized decisions. The growth of Industry 4.0 is changing the functioning of warehouses. Industry 4.0 also aims to create an operational environment wherein humans and robots can work together efficiently.

Challenge: Low labor cost and dependency on labor in manufacturing sector of emerging economies

Low labor prices in emerging economies such as India, Bangladesh, and Tanzania restricts the adoption of automation across the industries in these countries. The automation of industrial facilities makes little or no economic sense in these countries where abundant cheap labor is readily available. In India, automation in manufacturing facilities is less prevalent than their foreign counterparts, since the cost advantage in labor trade-off with robots is less due to the availability of cheap labor. Moreover, emerging countries such as Bangladesh, Cuba, and Tanzania have low average daily wages. The companies in emerging countries are reluctant to invest in automated equipment, such as AGVs, due to the availability of low-cost labors.

Tow vehicles to hold the largest share of the AGV Market in 2020.

The tow vehicles, also known as tuggers, pull non-powered carts carrying huge loads. This is the most productive type of AGV used for towing and tugging as it can move more load with multiple trailers than a single fork truck. The companies are focusing on operating in a more efficient manner due to the growing pressure on retail companies to meet the ever-increasing demand of its customers. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the AGV market in FY20.

The laser guidance segment of the AGV market to hold the largest share during the forecast period.

The growth of the laser-guided AGVs market can be attributed to their flexibility, scalability, and accuracy of the laser guidance technology. It also improves safety, increases throughput, and minimizes downtime. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It allows the vehicles to operate in a warehouse without the need for invasive barriers. Due to the imposition of lockdowns across different countries as result of COVID-19 outbreak, companies are facing severe cash flow issues. Halting or slowing down of production across industries has resulted in a decline in demand for AGVs.

Automated Guided Vehicle Market by Region

The AGV market in APAC is projected to grow at the highest CAGR during the forecast period.

APAC is likely to be the fastest-growing region in the AGV market. China and Japan are the countries driving the growth of the AGV market in APAC. The rapid growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China, India, and South Korea, has contributed to the growth of the AGV 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. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. This has impacted the demand for AGV in 2020.

Key Market Players

The AGV players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, agreements, collaborations, acquisitions and, business expansions, to strengthen their offerings in the market. The major players in the AGV market are Daifuku (Japan), JBT (US), KION (Germany), KUKA (Germany), Toyota Industries (Japan), Hyster-Yale (US), SSI Schaefer (Germany), E&K Automation (Germany), Oceaneering (US), Murata Machinery (Japan), KNAPP (Austria), Seegrid (US), AGV International (Netherlands), Addverb Technologies (India), America in Motion (US), Meiden America (US), Grenzebach (US), Rocla (Finland), Denbach Robot (China), Uncease Automation (India), ECA (France), Scott Automation (New Zealand), Redviking (US), IKV Robot (China), and Echkart (US).

The study includes an in-depth competitive analysis of these key players in the AGV market with their company profiles, recent developments, and key market strategies.

Report Scope:

Report Metric

Details

Years considered

2016–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD million/billion)

Segments covered

Type, Navigation Technology, and Industry

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Daifuku (Japan), JBT (US), KION (Germany), KUKA (Germany), Toyota Industries (Japan), Hyster-Yale (US), SSI Schaefer (Germany), E&K Automation (Germany), Oceaneering (US), Murata Machinery (Japan), KNAPP (Austria), Seegrid (US), AGV International (Netherlands), Addverb Technologies (India), America in Motion (US), Meiden America (US), Grenzebach (US), Rocla (Finland), Denbach Robot (China), Uncease Automation (India), ECA (France), Scott Automation (New Zealand), Redviking (US), IKV Robot (China), and Echkart (US)

In this report, the overall AGV market has been segmented based on type, navigation technology, industry, and region.

By Type:

  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Forklift Vehicles
  • Others (Customized and hybrid AGVs)

By Navigation Technology:

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Vision Guidance
  • Others (Dead reckoning guidance, inertial guidance, and beacon guidance)

By Industry:

  • Automotive
  • Metals & Heavy Machinery
  • Food & Beverages
  • Chemicals
  • Heathcare
  • 3PL
  • Semiconductors & Electronics
  • Aviation
  • E-commerce
  • Others (Printing and paper and textiles and clothing)

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)
    • Middle East
    • Africa
    • South America

Recent Developments

  • In March 2020, Seegrid launched the GT10 Series 7Plus vision guided vehicle (VGV). The automated tow tracker features a shorter mast structure to accommodate facilities with height restrictions, comes standard with auto-hitch capabilities, and features reverse sensing for added functionality.
  • In May 2020, Seegrid launched the GT10 Series 7Plus vision guided vehicle (VGV). The automated tow tracker features a shorter mast structure to accommodate facilities with height restrictions, comes standard with auto-hitch capabilities, and features reverse sensing for added functionality.
  • In June 2020, Yale Europe Materials increased its distribution coverage with the extension of Spanish dealer SETEGAR, which wil cover Barcelona and Spain.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
        FIGURE 1 AGV 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 Breakdown of primaries
                    2.1.2.2 Primary interviews with experts
                    2.1.2.3 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis (demand side)
                            FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size using top-down analysis (supply side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    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. - 40)
  FIGURE 6 IMPACT ANALYSIS OF COVID-19 ON AGV MARKET
    3.1 REALISTIC SCENARIO
    3.2 PESSIMISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
        FIGURE 7 TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF AGV MARKET IN 2020
        FIGURE 8 LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF AGV MARKET IN 2020
        FIGURE 9 E-COMMERCE SEGMENT OF AGV MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        FIGURE 10 AGV MARKET IN APAC TO GROW HIGHEST CAGR FROM 2020 TO 2025

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 AGV MARKET, 2020–2025 (USD BILLION)
        FIGURE 11 GROWING DEMAND FOR AUTOMATION IN MATERIAL HANDLING PROCESSES ACROSS INDUSTRIES TO FUEL GROWTH OF AGV MARKET FROM 2020 TO 2025
    4.2 AGV MARKET, BY TYPE
        FIGURE 12 UNIT LOAD CARRIERS SEGMENT TO HOLD LARGEST SIZE OF AGV MARKET IN 2025
    4.3 AGV MARKET, BY INDUSTRY
        FIGURE 13 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET IN 2025
    4.4 AGV MARKET, BY NAVIGATION TECHNOLOGY AND REGION
        FIGURE 14 LASER GUIDANCE SEGMENT AND EUROPE TO ACCOUNT FOR LARGE SHARES OF AGV MARKET IN 2020
    4.5 AGV MARKET, BY GEOGRAPHY
        FIGURE 15 US TO HOLD LARGEST SHARE OF AGV MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 16 AGV MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for automation in material handling processes across industries
                    5.2.1.2 Rising popularity of e-commerce owing to COVID-19
                    5.2.1.3 Improving safety standards at workplaces
                    5.2.1.4 Shifting demand from mass production to mass customization
                            FIGURE 17 DRIVERS FOR AGV MARKET AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation, maintenance, and switching costs
                    5.2.2.2 Increased use of mobile robots in retail and e-commerce industries
                    5.2.2.3 Decreased demand for automated guided vehicles owing to COVID-19
                            FIGURE 18 RESTRAINTS FOR AGV MARKET AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of Industry 4.0 with robotics
                    5.2.3.2 Rise in 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
                            FIGURE 19 OPPORTUNITIES FOR AGV MARKET AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Low labor costs and dependency on labor in manufacturing sector of emerging economies
                    5.2.4.2 Technical challenges related to sensing elements
                            FIGURE 20 CHALLENGES FOR AGV MARKET AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 21 MAJOR VALUE ADDED DURING MANUFACTURING AND ASSEMBLY, AND SYSTEM INTEGRATION STAGES

6 AGV MARKET, BY TYPE (Page No. - 58)
    6.1 INTRODUCTION
        FIGURE 22 AGV MARKET, BY TYPE
        FIGURE 23 TOW VEHICLES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET IN 2020
        TABLE 1 AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 2 AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
    6.2 TOW VEHICLES
           6.2.1 TOW VEHICLES TO HOLD LARGEST SIZE OF GLOBAL AGV MARKET IN 2020
                 TABLE 3 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                 TABLE 4 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 5 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 6 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 7 AGV MARKET FOR TOW VEHICLES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 8 AGV MARKET FOR TOW VEHICLES, BY REGION, 2020–2025 (USD MILLION)
    6.3 UNIT LOAD CARRIERS
           6.3.1 AUTOMOTIVE INDUSTRY TO BE MAJOR CONTRIBUTOR TO DEMAND FOR UNIT LOAD CARRIERS
                 TABLE 9 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                 TABLE 10 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 11 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 12 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 13 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 14 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2020–2025 (USD MILLION)
    6.4 PALLET TRUCKS
           6.4.1 VISION-GUIDED PALLET TRUCKS TO REGISTER HIGHEST GROWTH IN MARKET DURING FORECAST PERIOD
                 TABLE 15 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                 TABLE 16 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 17 AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 18 AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 19 AGV MARKET FOR PALLET TRUCKS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 20 AGV MARKET FOR PALLET TRUCKS, BY REGION, 2020–2025 (USD MILLION)
    6.5 ASSEMBLY LINE VEHICLES
           6.5.1 ASSEMBLY LINE VEHICLES MAJORLY USED FOR TRANSPORTATION OF SUBASSEMBLIES
                 TABLE 21 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                 TABLE 22 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 23 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 24 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 25 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 26 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2020–2025 (USD MILLION)
    6.6 FORKLIFT TRUCKS
           6.6.1 E-COMMERCE SEGMENT OF AGV MARKET FOR FORKLIFT TRUCKS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 27 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                 TABLE 28 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                 TABLE 29 AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 30 AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 31 AGV MARKET FOR FORKLIFT TRUCKS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 32 AGV MARKET FOR FORKLIFT TRUCKS, BY REGION, 2020–2025 (USD MILLION)
    6.7 OTHERS
        TABLE 33 AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
        TABLE 34 AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
        TABLE 35 AGV MARKET FOR OTHER TYPES, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 36 AGV MARKET FOR OTHER TYPES, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 37 AGV MARKET FOR OTHER TYPES, BY REGION, 2016–2019 (USD MILLION)
        TABLE 38 AGV MARKET FOR OTHER TYPES, BY REGION, 2020–2025 (USD MILLION)

7 AGV MARKET, BY NAVIGATION TECHNOLOGY (Page No. - 79)
    7.1 INTRODUCTION
        FIGURE 24 AGV MARKET, BY NAVIGATION TECHNOLOGY
        FIGURE 25 LASER GUIDANCE SEGMENT TO HOLD LARGEST SIZE OF AGV MARKET IN 2025
        TABLE 39 AGV MARKET, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
        TABLE 40 AGV MARKET, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
    7.2 LASER GUIDANCE
           7.2.1 LASER GUIDANCE TECHNOLOGY SEGMENT TO HOLD LARGEST SIZE OF AGV MARKET FROM 2020 TO 2025
                 TABLE 41 LASER GUIDANCE AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 42 LASER GUIDANCE AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.3 MAGNETIC GUIDANCE
           7.3.1 MAGNETIC GUIDANCE AGVS ARE CHIEFLY USED IN FOOD & BEVERAGES AND AUTOMOTIVE INDUSTRIES
                 TABLE 43 MAGNETIC GUIDANCE AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 44 MAGNETIC GUIDANCE AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.4 INDUCTIVE GUIDANCE
           7.4.1 INDUCTIVE GUIDANCE IS AMONG THE MOST COMMON TYPES OF GUIDANCE SYSTEMS
                 TABLE 45 INDUCTIVE GUIDANCE AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 46 INDUCTIVE GUIDANCE AGV MARKET, BY TYPE, 2020–2025 (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 47 OPTICAL TAPE GUIDANCE AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 48 OPTICAL TAPE GUIDANCE AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.6 VISION GUIDANCE
           7.6.1 VISION GUIDANCE AGVS TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
                 TABLE 49 VISION GUIDANCE AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 50 VISION GUIDANCE AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.7 OTHERS
        TABLE 51 OTHER NAVIGATION TECHNOLOGIES-BASED AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 52 OTHER NAVIGATION TECHNOLOGIES-BASED AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)

8 AGV MARKET, BY INDUSTRY (Page No. - 90)
    8.1 INTRODUCTION
        FIGURE 26 AGV MARKET, BY INDUSTRY
        FIGURE 27 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF AGV MARKET FROM 2020 TO 2025
        TABLE 53 AGV MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 54 AGV MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
    8.2 COVID -19 IMPACT ON INDUSTRIES USING AGV
    8.3 AUTOMOTIVE
           8.3.1 AUTOMOTIVE INDUSTRY HOLDS LARGEST SHARE OF GLOBAL AGV MARKET
                 TABLE 55 AGV MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 56 AGV MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 57 AGV MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 58 AGV MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.4 METAL & HEAVY MACHINERY
           8.4.1 APAC TO HOLD LARGEST SIZE OF AGV MARKET FOR METAL & HEAVY INDUSTRY FROM 2020 TO 2025
                 TABLE 59 AGV MARKET FOR METAL & HEAVY MACHINERY INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 60 AGV MARKET FOR METAL & HEAVY MACHINERY INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 61 AGV MARKET FOR METAL & HEAVY MACHINERY INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 62 AGV MARKET FOR METAL & HEAVY MACHINERY INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.5 FOOD & BEVERAGES
           8.5.1 INCREASED GLOBAL DEMAND FOR FOOD & BEVERAGES DRIVING ADOPTION OF AGVS IN THIS INDUSTRY
                 TABLE 63 AGV MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 64 AGV MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 65 AGV MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 66 AGV MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.6 CHEMICALS
           8.6.1 AGVS HELPS CHEMICAL COMPANIES TO ENSURE SAFETY OF EMPLOYEES AND MANAGE WORKFLOW EFFECTIVELY
                 TABLE 67 AGV MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 68 AGV MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 69 AGV MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 70 AGV MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.7 HEALTHCARE
           8.7.1 AGV MARKET FOR HEALTHCARE INDUSTRY IN APAC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 71 AGV MARKET FOR HEALTHCARE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 72 AGV MARKET FOR HEALTHCARE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 73 AGV MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 74 AGV MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.8 3PL
           8.8.1 INCREASED ONLINE RETAILING ACTIVITIES DRIVING DEMAND FOR AGVS TO CARRY OUT LOGISTICS OPERATIONS
                 TABLE 75 AGV MARKET FOR 3PL INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 76 AGV MARKET FOR 3PL INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 77 AGV MARKET FOR 3PL INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 78 AGV MARKET FOR 3PL INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.9 SEMICONDUCTORS & ELECTRONICS
           8.9.1 INCREASED DEMAND FOR AGVS IN CLEANROOM APPLICATIONS OF SEMICONDUCTORS & ELECTRONICS INDUSTRY
                 TABLE 79 AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 80 AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 81 AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 82 AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.1 AVIATION
           8.10.1 AGVS FACILITATE MANUFACTURING AND ASSEMBLY OPERATIONS IN AVIATION INDUSTRY
                 TABLE 83 AGV MARKET FOR AVIATION INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 84 AGV MARKET FOR AVIATION INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 85 AGV MARKET FOR AVIATION INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 86 AGV MARKET FOR AVIATION INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.11 E-COMMERCE
           8.11.1 AGV MARKET FOR E-COMMERCE INDUSTRY TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 87 AGV MARKET FOR E-COMMERCE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 88 AGV MARKET FOR E-COMMERCE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 89 AGV MARKET FOR E-COMMERCE INDUSTRY, BY REGION, 2016–2019(USD MILLION)
                 TABLE 90 AGV MARKET FOR E-COMMERCE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    8.12 OTHERS
        TABLE 91 AGV MARKET FOR OTHER INDUSTRIES, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 92 AGV MARKET FOR OTHER INDUSTRIES, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 93 AGV MARKET FOR OTHER INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)
        TABLE 94 AGV MARKET FOR OTHER INDUSTRIES, BY REGION, 2020–2025 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 113)
    9.1 INTRODUCTION
        FIGURE 28 AGV MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 T0 2025
        TABLE 95 AGV MARKET, BY REGION, 2016–2019 (USD MILLION)
        TABLE 96 AGV MARKET, BY REGION, 2020–2025 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 29 NORTH AMERICA: AGV MARKET SNAPSHOT
        TABLE 97 AGV MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 98 AGV MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 99 AGV MARKET IN NORTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 100 AGV MARKET IN NORTH AMERICA, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 101 AGV MARKET IN NORTH AMERICA, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 102 AGV MARKET IN NORTH AMERICA, BY INDUSTRY, 2020–2025 (USD MILLION)
           9.2.1 US
                    9.2.1.1 US to lead AGV market in North America during forecast period
           9.2.2 CANADA
                    9.2.2.1 Automotive industry in Canada to fuel growth of AGV market in country
           9.2.3 MEXICO
                    9.2.3.1 AGV market in Mexico to grow at highest rate
    9.3 EUROPE
        FIGURE 30 EUROPE: AGV MARKET SNAPSHOT
        TABLE 103 AGV MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 104 AGV MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 105 AGV MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 106 AGV MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 107 AGV MARKET IN EUROPE, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 108 AGV MARKET IN EUROPE, BY INDUSTRY, 2020–2025 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Germany to hold largest size of AGV market in Europe
           9.3.2 UK
                    9.3.2.1 Automotive industry in the UK to fuel AGV market
           9.3.3 FRANCE
                    9.3.3.1 Growing retail sector in France to aid growth of AGV market
           9.3.4 REST OF EUROPE
    9.4 APAC
        FIGURE 31 APAC: AGV MARKET SNAPSHOT
        TABLE 109 AGV MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 110 AGV MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 111 AGV MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 112 AGV MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 113 AGV MARKET IN APAC, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 114 AGV MARKET IN APAC, BY INDUSTRY, 2020–2025 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 China to hold largest size of AGV market in APAC
           9.4.2 JAPAN
                    9.4.2.1 Growing e-commerce industry in Japan to support AGV market growth
           9.4.3 AUSTRALIA
                    9.4.3.1 Manufacturing sector to drive growth of AGV market in Australia from 2020 to 2025
           9.4.4 SOUTH KOREA
                    9.4.4.1 Ongoing expansions of leading players in South Korea to support growth of AGV market in country
           9.4.5 REST OF APAC
    9.5 ROW
        FIGURE 32 ROW: AGV MARKET SNAPSHOT
        TABLE 115 AGV MARKET IN APAC, BY REGION, 2016–2019 (USD MILLION)
        TABLE 116 AGV MARKET IN APAC, BY REGION, 2020–2025 (USD MILLION)
        TABLE 117 AGV MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 118 AGV MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 119 AGV MARKET IN APAC, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 120 AGV MARKET IN APAC, BY INDUSTRY, 2020–2025 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 South America to lead AGV market in RoW
           9.5.2 AFRICA
                    9.5.2.1 Increasing warehouse automation to support AGV market growth
           9.5.3 MIDDLE EAST
                    9.5.3.1 AGV market in the Middle East to grow at significant rate

10 COMPETITIVE LANDSCAPE (Page No. - 138)
     10.1 OVERVIEW
          FIGURE 33 PRODUCT LAUNCHES EMERGED AS KEY GROWTH STRATEGY ADOPTED BY PLAYERS IN AGV MARKET FROM 2017 TO 2020
     10.2 RANKING OF PLAYERS IN AGV MARKET
          FIGURE 34 RANKING OF TOP 5 PLAYERS IN AGV MARKET, 2019
     10.3 COMPETITIVE LEADERSHIP MAPPING
             10.3.1 VISIONARIES
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC DIFFERENTIATORS
             10.3.4 EMERGING COMPANIES
                    FIGURE 35 AGV MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     10.4 COMPETITIVE SITUATIONS & TRENDS
          FIGURE 36 PRODUCT LAUNCHES HAS BEEN KEY STRATEGY ADOPTED BY LEADING MARKET PLAYERS FROM 2017 TO 2020
             10.4.1 PRODUCT LAUNCHES
                    TABLE 121 PRODUCT LAUNCHES, 2018–2020
             10.4.2 EXPANSIONS, PARTNERSHIPS, AND COLLABORATIONS
                    TABLE 122 EXPANSIONS, PARTNERSHIPS, AND COLLABORATIONS, 2018–2020
             10.4.3 ACQUISITIONS
                    TABLE 123 ACQUISITIONS, 2017–2019
             10.4.4 CONTRACTS AND AGREEMENTS
                    TABLE 124 CONTRACTS AND AGREEMENTS, 2017–2019

11 COMPANY PROFILES (Page No. - 146)
     11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             11.1.1 DAIFUKU
                    FIGURE 37 DAIFUKU: COMPANY SNAPSHOT
             11.1.2 JBT
                    FIGURE 38 JBT: COMPANY SNAPSHOT
             11.1.3 KION
                    FIGURE 39 KION: COMPANY SNAPSHOT
             11.1.4 KUKA
                    FIGURE 40 KUKA: COMPANY SNAPSHOT
             11.1.5 TOYOTA INDUSTRIES
                    FIGURE 41 TOYOTA INDUSTRIES: COMPANY SNAPSHOT
             11.1.6 HYSTER-YALE MATERIALS HANDLING
                    FIGURE 42 HYSTER-YALE MATERIALS HANDLING: COMPANY SNAPSHOT
             11.1.7 OCEANEERING
                    FIGURE 43 OCEANEERING: COMPANY SNAPSHOT
             11.1.8 E&K AUTOMATION
             11.1.9 SEEGRID
             11.1.10 SSI SCHAEFER
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     11.2 RIGHT TO WIN
     11.3 OTHER COMPANIES
             11.3.1 ADDVERB TECHNOLOGIES
             11.3.2 AGV INTERNATIONAL
             11.3.3 AMERICA IN MOTION
             11.3.4 DANBACH ROBOT JIANGXI
             11.3.5 ECA
             11.3.6 ECHKART
             11.3.7 GRENZEBACH
             11.3.8 IKV ROBOT
             11.3.9 KNAPP
             11.3.10 MEIDEN AMERICA
             11.3.11 MURATA MACHINERY
             11.3.12 REDVIKING
             11.3.13 ROCLA
             11.3.14 SCOTT AUTOMATION
             11.3.15 UNCEASE AUTOMATION

12 ADJACENT AND RELATED MARKET (Page No. - 181)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 AUTOMATED MATERIAL HANDLING (AMH) EQUIPMENT MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
             12.3.3 AUTOMATED MATERIAL HANDLING (AMH) EQUIPMENT MARKET, BY INDUSTRY
                    TABLE 125 AMH EQUIPMENT MARKET, BY INDUSTRY, 2015–2024 (USD BILLION)
                        12.3.3.1 Automotive
                                 TABLE 126 AMH EQUIPMENT MARKET FOR AUTOMOTIVE, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 127 AMH EQUIPMENT MARKET FOR AUTOMOTIVE, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.2 Metals & heavy machinery
                                 TABLE 128 AMH EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 129 AMH EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.3 Food & beverages
                                 TABLE 130 AMH EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 131 AMH EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.4 Chemicals
                                 TABLE 132 AMH EQUIPMENT MARKET FOR CHEMICALS, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 133 AMH EQUIPMENT MARKET FOR CHEMICALS, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.5 Semiconductors & electronics
                                 TABLE 134 AMH EQUIPMENT MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 135 AMH EQUIPMENT MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.6 Healthcare
                                 TABLE 136 AMH EQUIPMENT MARKET FOR HEALTHCARE, BY TYPE, 2015–2024 (USD MILLION)
                                 TABLE 137 AMH EQUIPMENT MARKET FOR HEALTHCARE, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 138 AMH EQUIPMENT MARKET FOR HEALTHCARE, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.7 Aviation
                                 TABLE 139 AMH EQUIPMENT MARKET FOR AVIATION, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 140 AMH EQUIPMENT MARKET FOR AVIATION, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.8 E-commerce
                                 TABLE 141 AMH EQUIPMENT MARKET FOR E-COMMERCE, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 142 AMH EQUIPMENT MARKET FOR E-COMMERCE, BY REGION, 2015–2024 (USD MILLION)
                        12.3.3.9 Others
                                 TABLE 143 AMH EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 144 AMH EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY REGION, 2015–2024 (USD MILLION)
             12.3.4 AUTOMATED MATERIAL HANDLING (AMH) EQUIPMENT MARKET, BY REGION
                                 TABLE 145 AMH EQUIPMENT MARKET, BY REGION, 2015–2024 (USD BILLION)
                        12.3.4.1 North America
                                 TABLE 146 AMH EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2024 (USD MILLION)
                                 TABLE 147 AMH EQUIPMENT MARKET IN NORTH AMERICA, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 148 AMH EQUIPMENT MARKET IN NORTH AMERICA, BY INDUSTRY, 2015–2024 (USD MILLION)
                        12.3.4.2 Europe
                                 TABLE 149 AMH EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2015–2024 (USD MILLION)
                                 TABLE 150 AMH EQUIPMENT MARKET IN EUROPE, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 151 AMH EQUIPMENT MARKET IN EUROPE, BY INDUSTRY, 2015–2024 (USD MILLION)
                        12.3.4.3 APAC
                                 TABLE 152 AMH EQUIPMENT MARKET IN APAC, BY COUNTRY, 2015–2024 (USD MILLION)
                                 TABLE 153 AMH EQUIPMENT MARKET IN APAC, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 154 AMH EQUIPMENT MARKET IN APAC, BY INDUSTRY, 2015–2024 (USD MILLION)
                        12.3.4.4 RoW
                                 TABLE 155 AMH EQUIPMENT MARKET IN ROW, BY REGION, 2015–2024 (USD MILLION)
                                 TABLE 156 AMH EQUIPMENT MARKET IN ROW, BY PRODUCT, 2015–2024 (USD MILLION)
                                 TABLE 157 AMH EQUIPMENT MARKET IN ROW, BY INDUSTRY, 2015–2024 (USD MILLION)

13 APPENDIX (Page No. - 201)
     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 involves four major activities for estimating the size of the automated guided vehicle (AGV) market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the AGV market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

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 Material Handling Industry of America, Material Handling Equipment Distributors Association, Materials Handling Engineers Association,  European Materials Handling Federation, Robotic Industries Association, and International Federation of Robotics 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, 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 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 chief executive officers (CEOs), directors, and marketing personnel.

Automated Guided Vehicle Market Size, and Share

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.
  • Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
  • 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, the total market has been split into several segments. To complete the overall market engineering process and arrive at 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 the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the automated guided vehicle (AGV) market, in terms of value, segmented by type, navigation technology, and industry
  • To forecast the market size, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the COVID-19 impact on the AGV market
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
  • 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 detailed competitive landscape for the market leaders
  • To analyze the major growth strategies implemented by the key market player, such as contracts, acquisitions, product launches, expansions, collaborations, and partnerships

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.

Company information:

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automated Guided Vehicle (AGV) Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automated Guided Vehicle (AGV) Market

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