The global automated guided vehicle (AGV) market is projected to grow from USD 2.68 billion in 2025 to USD 4.72 billion by 2032, registering a CAGR of 8.7 %. Growth is supported by the steady adoption of AGVs across manufacturing plants, warehouses, distribution centers, and logistics hubs as organizations focus on improving material handling efficiency, reducing labor dependency, and maintaining consistent and repeatable operations. AGVs remain widely deployed in structured, high-throughput environments where fixed routing, predictable workflows, and safety compliance are required. Ongoing advances in navigation technologies, battery systems, and vehicle control software are improving system reliability, uptime, and scalability. Integration with warehouse management systems, manufacturing execution systems, and factory control platforms is strengthening coordination across material flows and production operations. Expansion of e-commerce fulfillment, automotive manufacturing, food and beverage processing, and 3PL operations, along with increasing demand for standardized automation in both brownfield and greenfield facilities, continues to support sustained AGV market growth across regions.
Key companies operating in the automated guided vehicle (AGV) market include Daifuku Co., Ltd. (Japan), KUKA SE & Co. KGaA (Germany), JBT (US), Toyota Industries Corporation (Japan), and KION GROUP AG (Germany). These companies are strengthening their market position through expansion of AGV product portfolios, enhancements in vehicle control and fleet coordination software, and tighter integration with warehouse management systems, manufacturing execution systems, and factory automation platforms. Strategic priorities include modular vehicle architectures, scalable fleet deployment models, and compliance with standardized safety and navigation requirements to support operations across manufacturing, warehousing, automotive, and logistics environments. Continued investment in navigation precision, battery performance, system uptime, and operational reliability is enabling these vendors to support higher throughput and predictable material flows, reinforcing their role in meeting rising global demand for structured and scalable AGV solutions.
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Daifuku Co., Ltd. (Japan): Daifuku Co., Ltd., headquartered in Osaka, Japan, is a leading supplier of automated guided vehicles and material handling solutions, with more than 20,000 vehicles delivered globally. The company offers standard and customized AGV platforms designed to improve productivity, reduce operating costs, and support continuous flow and just-in-time operations. Daifuku’s AGV technologies include magnetic tape and bar guidance, natural feature navigation, laser navigation, inertial navigation, sensor-based navigation, and coordinated navigation, enabling reliable performance in complex industrial environments. Beyond equipment supply, the company provides system integration, consulting, remote monitoring, preventive maintenance, and technical training services. Daifuku operates through multiple business divisions spanning intralogistics, cleanroom systems, automobile production lines, airport technologies, car wash systems, and electronics, serving industries such as e-commerce, retail, food, pharmaceuticals, chemicals, automotive, aviation, and semiconductors. With operations across Asia Pacific, North America, and Europe, Daifuku supports large-scale AGV deployments across factories, warehouses, distribution centers, and airports worldwide.
JBT (US): JBT is a diversified global technology solutions provider with a strong presence in automation alongside its core focus on food and beverage systems. Through its Automated Systems segment, JBT delivers automated guided vehicle and robotics solutions that support safe, efficient, and scalable material handling across automotive, food and beverage, warehousing, healthcare, and building materials industries. The company offers standard and custom AGVs, dual-mode robotic systems, and standalone solutions, supported by proprietary hardware and software, including the mot.OS operating system that improves routing efficiency, automates repetitive tasks, and reduces labor dependency. JBT operates across more than 100 countries, with manufacturing and engineering operations in North America, Europe, and Latin America, supported by technical centers focused on product testing, application development, and customer-specific solutions. This operating structure enables JBT to deliver localized support and tailored AGV deployments across factories, warehouses, logistics hubs, and healthcare facilities worldwide.
Market Ranking
The automated guided vehicle (AGV) market is competitive, with global and regional suppliers delivering AGV systems for structured material transport, fixed routing, and predictable industrial workflows. Key participants such as Daifuku Co., Ltd. (Japan), KUKA SE & Co. KGaA (Germany), JBT (US), Toyota Industries Corporation (Japan), and KION GROUP AG (Germany) collectively account for around 40 to 50 % of the total market share. These companies focus on delivering scalable AGV portfolios supported by reliable vehicle control systems, fleet coordination capabilities, and integration with warehouse management systems, manufacturing execution systems, and plant control platforms. Competition centers on navigation accuracy, system reliability, safety compliance, battery performance, and the ability to support high-throughput operations across manufacturing, automotive, warehousing, and logistics environments. Suppliers continue to strengthen their position through product upgrades, technology partnerships, cross-industry collaborations, and steady improvements in traffic management logic and operational control, supporting sustained demand for standardized and high-performance AGV solutions.
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Automated Guided Vehicle (AGV) Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks, AGCs, Hybrid AGVs), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape, Vision) - Global Forecast to 2032
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