Asia Pacific Automated Guided Vehicle (AGV) Market

The Asia Pacific automated guided vehicle (AGV) market is expected to grow from USD 0.98 billion in 2026 to USD 1.72 billion by 2032, at a CAGR of 9.9% during the forecast period.

Growth is supported by rapid industrial expansion, high manufacturing output, and sustained automation investment across China, Japan, South Korea, India, and Southeast Asia. Furthermore, the rising labor costs in urban manufacturing centers, ongoing workforce availability constraints, and a stronger focus on workplace safety drive the regional market. AGVs are witnessing broad adoption across automotive manufacturing, electronics production, food and beverage processing, pharmaceuticals, and high-volume logistics and distribution facilities. These sites require consistent material flow and controlled cycle times, which are critical to productivity. The regional market will be further driven by greenfield factory developments and phased upgrades within existing plants as manufacturers seek to expand capacity while maintaining operational continuity. Advancements in vision-based navigation, fleet management software, and battery performance continue to fuel the deployment flexibility and economic returns. Continued alignment with smart manufacturing programs, digital factory initiatives, and regional supply chain localization strategies is expected to sustain the growth of the regional market.

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

A few of the key companies operating in the Asia Pacific automated guided vehicle (AGV) market include Daifuku Co., Ltd. (Japan), Toyota Industries Corporation (Japan), KUKA (Germany), KION GROUP AG (Germany), and Mitsubishi Logisnext Co., Ltd. (Japan). These companies strengthen their presence across Asia Pacific through continuous expansion of AGV portfolios and long-term engagement with automotive OEMs, electronics manufacturers, and large-scale logistics operators.

For instance, in April 2024, Daifuku Co., Ltd. modified its Shiga facility to enhance production capacity and optimize logistics. Building G will include a cleanroom designed for semiconductor and LCD production systems, while Building M will focus on managing maintenance parts and manufacturing automated guided vehicles (AGVs).

Daifuku Co., Ltd. (Japan)

Daifuku Co., Ltd. is a supplier of automated guided vehicles and material handling solutions, with active participation in the Asia Pacific automated guided vehicle (AGV) market and more than 20,000 vehicles delivered. The company provides standard and customized AGV platforms aimed at improving productivity while decreasing operating costs and ensuring safe, steady material flow in manufacturing and distribution settings. This is supported by navigation technologies, such as magnetic tape and bar guidance, natural feature navigation, laser navigation, inertial navigation, sensor-based navigation, and co-navigation. Additionally, it provides system integration, consulting, and after-sales services that include remote monitoring, preventive maintenance, and technical training. It serves industries such as automotive, electronics, e-commerce, food, pharmaceuticals, chemicals, warehousing, and aviation, conducting operations in over 50 countries and employing over 11,000 employees.

Toyota Industries Corporation (Japan)

Headquartered in Japan and founded in 1926, Toyota Industries Corporation is a diversified industrial group with a strong position in material handling equipment, automobiles, and textile machinery. The company has emerged from textile machinery into a leading supplier of industrial vehicles and autonomous intralogistics solutions. It operates under four core segments: Automobile, Materials Handling Equipment, Textile Machinery, and Others. The Materials Handling Equipment business led by the Toyota Material Handling Group, which includes TOYOTA, RAYMOND, and CESAB brands, provides forklifts, warehouse trucks, AGVs, and automated intralogistics systems. The strategic acquisitions of Vanderlande, Bastian Solutions, and viastore under the umbrella of the Toyota Automated Logistics Group have strengthened its capabilities in warehouse automation, software-driven logistics, and large-scale AGV deployments across the region. Backed by a wide manufacturing base, integrated automation technologies, and localized service networks, Toyota is further strengthening its presence in the Asia Pacific automated guided vehicle (AGV) market by offering reliable, flexible, and effective material handling solutions across a wide spectrum of industrial sectors.

Market Ranking

The Asia Pacific automated guided vehicle (AGV) market is highly competitive, with regional suppliers active across mobile robotics, material handling equipment, and automation software. Key deployments are led by Daifuku Co., Ltd. (Japan), Toyota Industries Corporation (Japan), KUKA (Germany), KION GROUP AG (Germany), and Mitsubishi Logisnext Co., Ltd. (Japan). Competition is increasingly driven by system engineering capability, expertise in fleet integration, and strong regional service coverage, supported by further investment in navigation technologies and fleet management software to meet high-volume manufacturing and logistics requirements across Asia Pacific.

Related Reports:

Asia Pacific Automated Guided Vehicle (AGV) Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape, Vision) - Forecast to 2032

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com