AGV Market

AGV Market Research Report By Forecast

2025

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2025

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)

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AGV Market Forecast To 2025


AGV Market is expected to be valued at USD 5,579.3 Million by 2025, with a CAGR of 9.85% during the forecast

period (2019–2025).

The report covers segmentations and drivers for a better glimpse of the market in the coming years. Automated

guided vehicle is a computer controlled and battery-powered load carrier that runs in a warehouse or on the plant

floor without the need of an onboard operator or driver. AGVs can improve efficiency and productivity as well as they

can reduce product damage and labor costs.

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“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Internet of AGV Market Forecast To 2025”

• AGVs are useful in various operational applications such as pallet transportation of goods, loading and handling,

pallet wrapping, tracking of cartons and products, and barcode scanning. They are used in various end-use

industries, which include logistics & distribution, automotive, electrical & electronics, pharmaceuticals, food &

beverage, and plastics & polymers. There are various types of AGVs, and they are tow vehicle, unit load carrier,

forklift vehicle, assembly, line vehicles, and pallet trucks.

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Global AGV Market Segmented on the basis of

The global market for automated guided vehicle is segmented based on vehicle type, technology,

application and industry. On the basis of vehicle type, the tow vehicle segment is expected to dominate

the global market. Tow AGVs work to add and remove the non-powered vehicles to/from the AGV vehicle

at designated stops along a path can navigate a basic loop or a more complicated preprogrammed

pathway, but typical towing vehicles do not reverse and need the looping system. The non-powered

vehicles that are generally towed by towing vehicles include quad steer carts, wagon wheel style trailers,

hospital carts, dollies, hand trucks, and maintenance carts and are useful for applications such as heavy

lifting, tugging or towing, load transferring, pallet loading and unloading, and load positioning. Such

factors are expected to drive the growth of the tow vehicle segment

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Global AGV Market - Geographical Analysis

Geographic analysis of the global AGV Market spans across North America, Europe, Asia-Pacific (APAC), and Rest

of the World.

In 2018, Europe dominated with a value of USD 1,084.8 Million. The regional market value is expected to reach

USD 1,940.5 Million by 2025 with an impressive 8.77% CAGR during the forecast period.

Europe is one of the prominent markets in the global AGV Market due to the increasing utilization of industrial

and domestic space and rapid technological advancements in robotics and automation.The increase in demand for

electronics and retail products and the growing automotive industry supports the pace of supply of products. The

growing food & beverage, electronics, automotive, and construction industries increase the demand for AGVs.

Furthermore, many other industries are associated with the e-commerce & retail industries for distribution, which

makes it an important economic growth driver. Moreover, advantages such as time-efficiency, precision, and

accuracy offered by AGVs across various industries, including automobile and manufacturing are expected to

increase their demand.

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Global AGV Market - Competitive Analysis

• Some of the key industry participants of the global AGV Market are KUKA AG (Germany), Toyota Industries

Corporation (Japan), Daifuku Co., Ltd (Japan), SSI SCHÄFER (US), E&K Automation GmbH (Germany), JBT

corporation (US),KION GROUP AG (Germany), Crown Equipment Corporation (US), SCOTT (New Zealand),

Meidensha Corporation (Japan), Seegrid Corporation (US), Hyster-Yale Materials Handling, Inc.(US), Jungheinrich

AG (Germany).

• KUKA invests heavily in the research and development of innovative products to compete in the market. The

company also engages in the research & development activities through KUKA laboratories, which develops and

markets products in the field of service robotics. The company has collaborated with various other technology

companies to sustain and expand its market presence. e in the market.

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AGV Market

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