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Automated Guided Vehicle Market – Industry Dynamics, Market Size, Opportunity Analysis, and Forecast to 2027

Global Automated Guided Vehicle Market By Product Type (Tow-Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Vehicles, Others; By Battery Type ( Lithium-Ion Battery, Nickel-based Battery, Others); By Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, Others); By Application (Logistics and Warehousing, Assembly, Packaging, Trailer Loading and Unloading, Raw Material Handling, Others); By End-User Industry (Manufacturing Sector, Wholesale and Distribution Sector, Hotels & Restaurants); By Region– North America, Europe, Asia, Middle East & Africa, South America)– Industry Dynamics, Market Size, and Opportunity Forecast to 2027

  • Published Date: 07-May-2021  |   Format: pdfpowerpointexcel  |  Report ID: AA0521080
    Delivery: 2 to 4 Hours
Automated Guided Vehicle Market

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Report AttributeDetails
Market Size Value in 2021US$ 3,064.70 Million
Expected Revenue in 2027US$ 5,519.10 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Product Type, Battery Type, Navigation Technology, Application, End-user Industry, and Region
Key CompaniesBalyo, Bastian Solutions Inc., Daifuku Co., Ltd., Dematic, E&K Automation Gmbh, and other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization


The global automated guided vehicle market in 2021 was valued at US$ 3064.70 Million.

Report provides market size forecast for period 2022-2027, with market estimated to grow at compounded annual growth rate of 9.5% by value and 10.3% by volume.

The market in 2021 was 1.13 Million Units

The report provides market size estimates for period of 2017-2027. Wherein, 2017-2019 is the historic period. 2020 is the base year, and 2021-2027 is the forecast period. In all, forecast is provided for a term of 10 years in the report. 

The report provides detailed segment level market size analysis and forecast for multiple parameters. These include: Product Type (6 subsegments), Battery Type (3 subsegments), Navigation Technology (6 subsegments), Application (6 subsegments), End-user Industry (3 subsegments) and Region (5 subsegments).

Potential players include names such as Dematic, Toyota, Kuka AG, Daifuku, JBT Corporation and others.

Yes, report provides time series analysis for the market. 3 different terms are described in report which include 2017-2019, the historic period with volume of 309,302 units, 2020 base year with volume of 222,870 units, and 2021-2027, the forecast period with volume of 938,837 units. 

Tow-vehicles ARVs market was valued US$ 970.4 Million in 2020 and is projected to grow to the value of US$ 1,728.1 Million by 2027. 

The advanced technologies include Artificial Intelligence (AI), big analytics and Industrial Internet of Things (IIoT).

The lithium-ion battery driven AGVs are projected to grow at a fastest CAGR of 19.4% during the forecast period.

The laser guidance dominated the market with around 48.2% share in 2020, with market valued at around US$ 1,409.8 Mn.

Europe is projected to have largest hold, with a share of around 37.3% in the global AGV market in 2020 while, Asia Pacific is estimated to grow at a fastest CAGR of 12.1% during the forecast period.

The AGVs are used in industrial facilities including requirements related to material handling capacity, enables just-in-time (JIT) delivery of raw material, computerized control of received assembled parts, and tracking of shipped articles.

Yes, report provides impact analysis of Covid-19 pandemic on market growth trend. 3 different scenarios are described in report depending on how the regions responds to pandemic and its effects and subsequent recovery strategies.