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

[159 Pages Report] The overall automated guided vehicle (AGV) 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%. 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.

Automated Guided Vehicle Market

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 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

AGV market in APAC to grow at highest CAGR during forecast period

The AGV 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 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. 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 AGV market.

Daifuku (Japan) is a major player in the AGV 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.

AGV 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)

AGV 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)

AGV 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. - 16)
    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. - 19)
    2.1 Research Data
           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)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Automated Guided Vehicle Market, 2019–2024 (USD Billion)
    4.2 Automated Guided Vehicle Market, By Type
    4.3 Automated Guided Vehicle Market, By Navigation Technology
    4.4 Automated Guided Vehicle Market, By Application
    4.5 Automated Guided Vehicle Market, By Industry and Region
    4.6 Automated Guided Vehicle Market, By Geography

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           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

6 Automated Guided Vehicle Market, By Type (Page No. - 46)
    6.1 Introduction
    6.2 Tow Vehicles
           6.2.1 Tow Vehicles to Hold Largest Size of Global AGV Market
    6.3 Unit Load Carriers
           6.3.1 Automotive Industry to Be Major Contributor to Demand for Unit Load Carriers
    6.4 Pallet Trucks
           6.4.1 Vision-Guided Pallet Trucks to Register Highest Grow in Market During Forecast Period
    6.5 Assembly Line Vehicles
           6.5.1 Assembly Line Vehicles Majorly Used for Transportation Applications
    6.6 Forklift Trucks
           6.6.1 Logistics Industry to Witness Highest CAGR in AGV Market for Forklift Trucks During Forecast Period
    6.7 Other Types

7 Automated Guided Vehicle Market, By Navigation Technology (Page No. - 66)
    7.1 Introduction
    7.2 Laser Guidance
           7.2.1 Laser Guided AGV to Hold the Largest Size of Automated Guided Vehicle in Forecast Period
    7.3 Magnetic Guidance
           7.3.1 The Magnetic Guidance AGVs are Majorly Used in Industries Such as Food & Beverages and Automotive
    7.4 Inductive Guidance
           7.4.1 Inductive Guidance is One of the Most Common Types of Guidance Systems
    7.5 Optical Tape Guidance
           7.5.1 Tow Vehicles to Hold the Largest Size of AGV Market for Optical Tape Guidance During Forecast Period
    7.6 Vision Guidance
           7.6.1 Vision Guidance AGV to Grow at the Highest Rate During Forecast Period
    7.7 Others

8 Automated Guided Vehicle Market, By Application (Page No. - 76)
    8.1 Introduction
    8.2 Transportation
           8.2.1 Transportation to Hold Largest Size of Automated Guided Vehicle Market During Forecast Period
    8.3 Distribution
           8.3.1 Distribution Application of AGV to Grow at the Highest Rate
    8.4 Storage
           8.4.1 Use of AGV for Storage Applications Ensures Efficient Storage Applications
    8.5 Assembly
           8.5.1 AGVs are Majorly Used for Assembly Applications in Industries Such as Autmotive and Food & Beverages
    8.6 Packaging
           8.6.1 The Increasing Significance of Packaing in E-Commerce and Food & Beverages Industry is Fuelling the Growth of the Market
    8.7 Waste Handling
           8.7.1 Hazardous Environments and Harmful Waste Materials are Duelling the Demand for AGVs in Waste Handling Applications

9 Automated Guided Vehicle Market, By Industry (Page No. - 81)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Automotive Industry Holds Largest Share of Global AGV Market
    9.3 Manufacturing
           9.3.1 European Manufacturing Industry is Largest Market for AGV Providers
    9.4 Food & Beverages
           9.4.1 Growing Worldwide Demand for Food and Beverage Products Driving Adoption of AGVs
    9.5 Aerospace
           9.5.1 AGVs Facilitate Manufacturing and Assembly Operations in Aerospace Industry
    9.6 Healthcare
           9.6.1 AGV Market for Healthcare Industry in APAC to Witness Highest CAGR During Forecast Period
    9.7 Logistics
           9.7.1 Growing E-Commerce and Online Retailing Driving Demand for AGVs in Logistics Operations
    9.8 Retail
           9.8.1 AGV Market for Retail Industry to Grow at Highest CAGR in Coming Years
    9.9 Other Industries

10 Geographic Analysis (Page No. - 98)
     10.1 Introduction
     10.2 North America
             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
     10.3 Europe
             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 Demand in Cosmetic and Retail Sector of France to Aid the Growth of 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
     10.4 APAC
             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 The 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 the Highest Rate
             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
     10.5 RoW
             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 Middle East to Grow at Highest Rate

11 Competitive Landscape (Page No. - 115)
     11.1 Overview
     11.2 Ranking of Players in Automated Guided Vehicle Market
     11.3 Competitive Situations & Trends
             11.3.1 Expansions, Partnerships, and Collaborations
             11.3.2 Product Launches
             11.3.3 Acquisitions
             11.3.4 Contracts and Agreements

12 Company Profiles (Page No. - 121)
     12.1 Key Players
             12.1.1 Daifuku
                        12.1.1.1 Business Overview
                        12.1.1.2 Products Offered
                        12.1.1.3 Recent Developments
                        12.1.1.4 SWOT Analysis
                        12.1.1.5 MnM View
             12.1.2 JBT Corporation
                        12.1.2.1 Business Overview
                        12.1.2.2 Products and Services
                        12.1.2.3 Recent Developments
                        12.1.2.4 SWOT Analysis
                        12.1.2.5 MnM View
             12.1.3 KION Group
                        12.1.3.1 Business Overview
                        12.1.3.2 Products Offered
                        12.1.3.3 Recent Developments
                        12.1.3.4 SWOT Analysis
                        12.1.3.5 MnM View
             12.1.4 KUKA
                        12.1.4.1 Business Overview
                        12.1.4.2 Product Offered
                        12.1.4.3 Recent Developments
                        12.1.4.4 SWOT Analysis
                        12.1.4.5 MnM View
             12.1.5 Toyota Industries
                        12.1.5.1 Business Overview
                        12.1.5.2 Products Offered
                        12.1.5.3 Recent Developments
                        12.1.5.4 SWOT Analysis
                        12.1.5.5 MnM View
             12.1.6 Hyster-Yale Materials Handling
                        12.1.6.1 Business Overview
                        12.1.6.2 Product Offered
                        12.1.6.3 Recent Developments
                        12.1.6.4 MnM View
             12.1.7 Oceaneering International
                        12.1.7.1 Business Overview
                        12.1.7.2 Products Offered
                        12.1.7.3 MnM View
             12.1.8 E&K Automation
                        12.1.8.1 Business Overview
                        12.1.8.2 Product Offered
                        12.1.8.3 Recent Developments
                        12.1.8.4 MnM View
             12.1.9 Kollmorgen
                        12.1.9.1 Business Overview
                        12.1.9.2 Products Offered
                        12.1.9.3 Recent Developments
                        12.1.9.4 MnM View
             12.1.10 Seegrid Corporation
                        12.1.10.1 Business Overview
                        12.1.10.2 Products Offered
                        12.1.10.3 Recent Developments
                        12.1.10.4 MnM View
             12.1.11 SSI Schafer
                        12.1.11.1 Business Overview
                        12.1.11.2 Products Offered
                        12.1.11.3 Recent Developments
                        12.1.11.4 MnM View
     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. - 153)
     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


List of Tables (63 Tables)

Table 1 AGV Market, By Type, 2016–2024 (USD Million)
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)
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)
Table 6 AGV Market for Unit Load Carriers, By Navigation Technology, 2016–2024 (USD Million)
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)
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)
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)
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)
Table 17 AGV Market for Assembly Line Vehicles, By Region, 2016–2024 (USD Million)
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)
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)
Table 25 AGV Market for Others, By Region, 2016–2024 (USD Million)
Table 26 AGV Market, By Navigation Technology,2016–2024 (USD Million)
Table 27 AGV Market for Laser Guidance, By Type, 2016–2024 (USD Million)
Table 28 AGV Market for Magnetic Guidance, By Type, 2016–2024 (USD Million)
Table 29 AGV Market for Inductive Guidance, By Type, 2016–2024 (USD Million)
Table 30 AGV Market for Optical Tape Guidance, By Type, 2016–2024 (USD Million)
Table 31 AGV Market for Vision Guidance, By Type, 2016–2024 (USD Million)
Table 32 AGV Market for Other Navigation Technologies, By Type, 2016–2024 (USD Million)
Table 33 AGV Market, By Application, 2016–2024 (USD Million)
Table 34 AGV Market, By Industry, 2016–2024 (USD Million)
Table 35 AGV Market for Automotive , By Type, 2016–2024 (USD Million)
Table 36 AGV Market for Automotive, By Region, 2016–2024 (USD Million)
Table 37 AGV Market for Manufacturing , By Type, 2016–2024 (USD Million)
Table 38 AGV Market for Manufacturing , By Region, 2016–2024 (USD Million)
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)
Table 41 AGV Market for Aerospace , By Type, 2016–2024 (USD Million)
Table 42 AGV Market for Aerospace , By Region, 2016–2024 (USD Million)
Table 43 AGV Market for Healthcare , By Type, 2016–2024 (USD Million)
Table 44 AGV Market for Healthcare , By Region, 2016–2024 (USD Million)
Table 45 AGV Market for Logistics , By Type, 2016–2024 (USD Million)
Table 46 AGV Market for Logistics, By Region, 2016–2024 (USD Million)
Table 47 AGV Market for Retail , By Type, 2016–2024 (USD Million)
Table 48 AGV Market for Retail , By Region, 2016–2024 (USD Million)
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)
Table 51 AGV Market, By Region, 2016–2024 (USD Million)
Table 52 AGV Market in North America, By Country, 2016–2024 (USD Million)
Table 53 AGV Market in North America, By Industry, 2016–2024 (USD Million)
Table 54 AGV Market in Europe, By Country, 2016–2024 (USD Million)
Table 55 AGV Market in Europe, By Industry, 2016–2024 (USD Million)
Table 56 AGV Market in APAC, By Country, 2016–2024 (USD Million)
Table 57 AGV Market in APAC, By Industry, 2016–2024 (USD Million)
Table 58 AGV Market in RoW, By Region, 2016–2024 (USD Million)
Table 59 AGV Market in RoW, By Industry, 2016–2024 (USD Million)
Table 60 Expansions, Partnerships, and Collaborations, 2017–2019
Table 61 Product Launches, 2018–2019
Table 62 Acquisitions, 2017–2019
Table 63 Contracts and Agreements, 2017–2019


List of Figures (58 Figures)

Figure 1 Automated Guided Vehicle Market: Research Design
Figure 2 Bottom-Up Approach to Arrive at Market Size
Figure 3 Top-Down Approach to Arrive at Market Size
Figure 4 Data Triangulation
Figure 5 Assumptions of Research Study
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
Figure 12 Growth of Automotive Industry to Boost Automated Guided Vehicle Market
Figure 13 Tow Vehicles to Account for Largest Size of Automated Guided Vehicle Market From 2019 to 2024
Figure 14 Laser Guidance to Hold Largest Size of AGV Market From 2019 to 2024
Figure 15 Transportation to Hold Largest Size of AGV Market From 2019 to 2024
Figure 16 Automotive and Europe Were Largest Shareholders in AGV Market in 2019
Figure 17 US to Hold Largest Share of Automated Guided Vehicle Market By 2019
Figure 18 DROC: Automated Guided Vehicle Market, 2019
Figure 19 Major Value Added During Manufacturing and Assembly, and System Integration Stages
Figure 20 Types of Automated Guided Vehicles
Figure 21 Tow Vehicles to Hold Largest Size of AGV Market During Forecast Period
Figure 22 Automotive to Hold Largest Size of AGV Market for Tow Vehicles During Forecast Period
Figure 23 Unit Load Carrier Market for Distribution to Grow at Highest CAGR During 2019–2024
Figure 24 Automotive to Hold Largest Size of AGV Market for Pallet Trucks During Forecast Period
Figure 25 AGV Market for Assembly Line Vehicles in APAC to Grow at Highest CAGR During Forecast Period
Figure 26 Forklift Trucks Based on Laser Guidance Navigation Technology to Hold Largest Size of Market During Forecast Period
Figure 27 APAC to Register Highest CAGR in Market for Other AGV Types During Forecast Period
Figure 28 Automated Guided Vehicle Market, By Navigation Technology
Figure 29 Laser Guidance to Hold Largest Size of Automated Guided Vehicle Market in 2019
Figure 30 Tow Vehicles Held Largest Size of AGV Market for Inductive Guidance in 2018
Figure 31 Assembly Line Vehicles to Register Highest CAGR in AGV Market for Other Navigation Technologies During Forecast Period
Figure 32 Automated Guided Vehicle Market, By Application
Figure 33 Transportation to Hold Largest Size of Automated Guided Vehicle Market During Forecast Period
Figure 34 Automated Guided Vehicles Market, By Industry
Figure 35 Automotive to Hold Larger Size of AGV Market During Forecast Period
Figure 36 AGV Market for Manufacturing Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 37 Tow Vehicles to Hold Largest Size of AGV Market for Aerospace Industry During Forecast Period
Figure 38 Tow Vehicles to Hold Largest Size of AGV Market for Logistics Industry During 2019–2024
Figure 39 Tow Vehicles to Hold Largest Size of AGV Market for Retail During Forecast Period
Figure 40 Australia to Register Highest CAGR in AGV Market During Forecast Period
Figure 41 North America: Automated Guided Vehicle Market Snapshot
Figure 42 Automotive to Hold Largest Size of AGV Market in North America During Forecast Period
Figure 43 Europe: Automated Guided Vehicle Market Snapshot
Figure 44 Germany to Hold Largest Size of AGV Market in Europe During Forecast Period
Figure 45 APAC: Automated Guided Vehicle Market Snapshot
Figure 46 Automotive to Hold Largest Size of AGV Market in APAC During Forecast Period
Figure 47 RoW: Automated Guided Vehicle Market Snapshot
Figure 48 Expansions, Partnerships, and Collaborations Emerged as Key Growth Strategy Adopted By Players in Automated Guided Vehicle Market From 2017 to 2019
Figure 49 Ranking of Top 5 Players in AGV Market, 2018
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
Figure 52 Daifuku: Company Snapshot
Figure 53 JBT Corporation: Company Snapshot
Figure 54 KION Group: Company Snapshot
Figure 55 KUKA: Company Snapshot
Figure 56 Toyota Industries: Company Snapshot
Figure 57 Hyster-Yale Materials Handling: Company Snapshot
Figure 58 Oceanering International: Company Snapshot

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
Aug, 2019
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