Market Reports

AGV Market Report List

Global Forecast to 2023 – selected for:

Automated Material Handling Equipment Market by Product (Robots, ASRS, Automated Conveyors and Sortation Systems, Automated Cranes, AGV), System Type (Unit Load, Bulk Load), Software & Services, Function, Industry, and Region

The automated material handling equipment market is expected to be valued at USD 48.31 Billion by 2023, at a CAGR of 7.8% between 2017 and 2023.The major players operating in the automated material handling equipment market are Daifuku Co., Ltd. (Japan), Hyster-Yale Material Handling, Inc. (US), Jungheinrich AG (Germany), KION Group AG (Germany), and Toyota Industries Corporation (Japan), among others.

The growing need for automation in the material handling processes across sectors such as automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, and retail is the prime reason for the growth of the automated guided vehicle market.

The growth in the flexible manufacturing system and the increasing demand for customised and intelligent AGVs creates opportunities for this market. This report covers the market on the basis of type, navigation technology, battery type, industry, application, and region.

The market size estimations for these segments are provided in this report, with key trends and market dynamics related to these segments covered under separate chapters.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study.


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The research methodology is explained below:

  • Analysis of all the industries in which automated guided vehicles are used worldwide

  • Analysis of various types of automated guided vehicles sold in different regions and the technologies used in the vehicles

  • Estimation of percentage share of automated guided vehicles in terms of type, navigation technology, battery type, industry, application, and region

  • Analysis of the market trends in various regions and countries, supported by the ongoing R&D in these regions

  • Overall market size finalised by triangulation with supply-side data, including product developments, supply chain, and estimated sales of automated guided vehicles

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Automated Guided Vehicle Market

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This report provides valuable insights regarding the ecosystem of this market, such as research & product development, manufacturing & assembly, system integrators, and end users. The major key players in the automated guided vehicle market are Daifuku Co., Ltd. (Japan), JBT Corporation (U.S.), KION Group (Germany), KUKA AG (Germany), Toyota Industrial Corporation (Japan), Hyster-Yale Materials Handling, Inc. (U.S.), Kollmorgen (U.S.), E&K Automation GMBH (Germany), Seegrid Corporation (U.S.), SSI Schaefer AG (Germany) among others.

Target Audience

  • AGV Manufacturers

  • Manufacturers of components such as sensors, micro controllers, RFID modems, and related accessories

  • Professional services/solutions providers

  • End users

  • Material handling industry standard organisations and regulatory authorities

  • Research institutes and organisations

  • Associations of material handling

  • Government bodies, venture capitalists, and private equity firms


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The market covered in this report has been segmented as follows:

Automated Guided Vehicle Market, by Type:

  • Unit Load Carriers

  • Tow Vehicles

  • Forklift Trucks

  • Pallet Trucks

  • Assembly Line Vehicles

  • Others

Automated Guided Vehicle Market, by Navigation Technology:

  • Laser Guidance

  • Magnetic Guidance

  • Vision Guidance

  • Inductive Guidance

  • Optical Tape Guidance

  • Others

Automated Guided Vehicle Market, by Battery Type:

  • Lead

  • Nickel-based

  • Lithium-Ion

  • Others

Automated Guided Vehicle Market, by Industry:

  • Automotive

  • Manufacturing

  • Food & Beverages

  • Aerospace

  • Healthcare

  • Logistics

  • Retail

  • Others

Automated Guided Vehicle Market, by Application:

  • Transportation

  • Distribution

  • Storage

  • Assembly

  • Packaging

  • Others

Automated Guided Vehicle Market, by Geography:

  • North America

  • Europe

  • Asia-Pacific

  • RoW

Available customisations:

With the given market data, the following customisation options are available for the report.

Geographical Analysis

  • Country-wise breakdown of all the regions, by industry

Company Information

  • Detailed analysis and profiling of additional market players (up to five)


Partner Contact: Frederick Niemann – Consultant

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