PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514967
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514967
Asia Pacific Automated Guided Vehicle Market, By Technology, By Vehicle Type, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Automated Guided Vehicle Market was valued at USD 554.76 million in 2023, expanding at a CAGR of 12.5% from 2024 to 2032.
Automated Guided Vehicle (AGV) systems, also known as autonomous guided vehicles, self-guided vehicles, or mobile robots, are utilized for material handling within controlled environments without requiring human operators or drivers. These systems are commonly used in manufacturing plants, warehouses, and distribution centers. AGVs can efficiently transport raw materials from receiving areas to warehouses or production lines. By operating autonomously, AGVs ensure a continuous and reliable supply of materials to production lines, eliminating the need for human intervention and preventing interruptions in the manufacturing process.
Asia Pacific Automated Guided Vehicle Market- Market Dynamics
The rising demand for e-commerce companies is expected to drive the market growth
The surge in e-commerce has created a greater need for effective warehouse solutions to handle large quantities of products and fast order processing. China is recognized as the leading global e-commerce market, accounting for nearly half of the world's transactions. With a revenue of USD 1.5 trillion, China has surpassed the United States to become the largest e-commerce market. Additionally, government investments in industrial and logistics infrastructure may present growth opportunities for the market. However, the high initial costs could pose a limitation to market expansion.
Asia Pacific Automated Guided Vehicle Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 12.5% over the forecast period (2024-2032)
Based on Technology segmentation, Laser Target Navigation was predicted to show maximum market share in the year 2023
Based on Vehicle Type segmentation, Unit Load Carries were the leading type in 2023
Based on End-User segmentation, Logistics was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Automated Guided Vehicle Market- Segmentation Analysis:
The Asia Pacific Automated Guided Vehicle Market is segmented based on Technology, Vehicle Type, End-User, and Country.
The market is divided into four categories based on Technology: Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others. Laser Target Navigation dominates the market. Laser target navigation is one of the advanced navigation technologies used in AGVs, providing high precision and flexibility.
The market is divided into four categories based on Vehicle Type: Pallet Trucks, Unit Load Carries, Driverless Trains, Forklift Trucks, and Others. Unit Load Carries dominate the market. Unit load carriers are AGVs designed to transport pallets, containers, and other unit loads efficiently within warehouses, manufacturing facilities, and distribution centers.
The market is divided into seven categories based on End-User: General manufacturing, Food and beverage, Aerospace, Retail, Healthcare, Logistics, Automotive, and Others. The logistics segment dominates the market. AGVs are revolutionizing logistics by enhancing efficiency, reducing labor costs, and improving safety in material handling and transportation operations.
Asia Pacific Automated Guided Vehicle Market- Geographical Insights
The analysis of the Asia Pacific Automated Guided Vehicle market encompasses nations like India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the remaining countries in the Asia Pacific (APAC) region. China dominates the Automated Guided Vehicle market share, attributed to the surge in technological innovations and the growing need for automation across various industries. China's substantial investments in research and development have propelled advancements in AGV technologies, including navigation systems (laser, magnetic, and vision-based), battery performance, and integration with artificial intelligence and the Internet of Things (IoT).
Asia Pacific Automated Guided Vehicle Market- Competitive Landscape:
The competitive landscape of the Asia Pacific Automated Guided Vehicle market is shaped by the strategic initiatives taken by key players. These companies are dedicating significant resources to research and development to enhance the capabilities of AGVs, including advancements in navigation systems (such as laser, magnetic, and vision-based technologies), extending battery life, and integrating IoT and AI. Establishing strategic partnerships, embracing technological innovations, and expanding regionally are essential for companies to stay competitive and expand their market presence. Emphasizing cost efficiency and tailored solutions will continue to propel the growth and acceptance of AGVs in diverse industries throughout the region.
Recent Developments:
Frontier Management Inc. (CFI Japan) is excited to announce its role as financial advisor to Murata Machinery, Ltd in the purchase of all shares of AGVE AB (a Swedish manufacturer of Automatic Guided Vehicles). Murata Machinery, Ltd specializes in textile machinery, machine tools, sheet metal machinery, automated systems, clean FA systems, and communication equipment.
China's VisionNav Robotics, a company specializing in industrial logistics robots, recently completed its most recent C+ funding round, securing over USD80 million. The funding was primarily provided by Meituan, a prominent Chinese e-commerce platform, and 5Y Capital.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Bastian Solutions LLC
Daifuku Co Ltd
Dematic Corp
Hyster-Yale Group Inc
John Bean Technologies Corp
Jungheinrich AG
Kion Group AG
Konecranes Plc
Murata Machinery Ltd
Toyota Material Handling Inc
Others
ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY TECHNOLOGY - MARKET ANALYSIS, 2019 - 2032
Wired Navigation
Guide Tape Navigation
Laser Target Navigation
Magnetic Navigation
Others
ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032
Pallet Trucks
Unit Load Carries
Driverless Trains
Forklift Trucks
Others
ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032
General Manufacturing
Food And beverage
Aerospace
Retail
Healthcare
Logistics
Automotive
Others
ASIA PACIFIC AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Automated Guided Vehicle Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Automated Guided Vehicle Market Snippet by Technology
- 2.1.2. Asia Pacific Automated Guided Vehicle Market Snippet by Vehicle Type
- 2.1.3. Asia Pacific Automated Guided Vehicle Market Snippet by End-User
- 2.1.4. Asia Pacific Automated Guided Vehicle Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Automated Guided Vehicle Key Market Trends
- 3.1. Asia Pacific Automated Guided Vehicle Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Automated Guided Vehicle Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Automated Guided Vehicle Market Opportunities
- 3.4. Asia Pacific Automated Guided Vehicle Market Future Trends
4. Asia Pacific Automated Guided Vehicle Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Automated Guided Vehicle Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Automated Guided Vehicle Market Landscape
- 6.1. Asia Pacific Automated Guided Vehicle Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Automated Guided Vehicle Market - By Technology
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Technology, 2023 & 2032 (%)
- 7.1.2. Wired Navigation
- 7.1.3. Guide Tape Navigation
- 7.1.4. Laser Target Navigation
- 7.1.5. Magnetic Navigation
- 7.1.6. Others
8. Asia Pacific Automated Guided Vehicle Market - By Vehicle Type
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Vehicle Type, 2023 & 2032 (%)
- 8.1.2. Pallet Trucks
- 8.1.3. Unit Load Carries
- 8.1.4. Driverless Trains
- 8.1.5. Forklift Trucks
- 8.1.6. Others
9. Asia Pacific Automated Guided Vehicle Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 9.1.2. General Manufacturing
- 9.1.3. Food And beverage
- 9.1.4. Aerospace
- 9.1.5. Retail
- 9.1.6. Healthcare
- 9.1.7. Logistics
- 9.1.8. Automotive
- 9.1.9. Others
10. Asia Pacific Automated Guided Vehicle Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific Automated Guided Vehicle Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Technology, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Automated Guided Vehicle Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Bastian Solutions LLC
- 11.2.2. Daifuku Co Ltd
- 11.2.3. Dematic Corp
- 11.2.4. Hyster-Yale Group Inc
- 11.2.5. John Bean Technologies Corp
- 11.2.6. Jungheinrich AG
- 11.2.7. Kion Group AG
- 11.2.8. Konecranes Plc
- 11.2.9. Murata Machinery Ltd
- 11.2.10. Toyota Material Handling Inc
- 11.2.11. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Automated Guided Vehicle Market: Technology Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Technology
- TABLE Asia Pacific Automated Guided Vehicle Market, by Technology 2019-2032 (USD Million)
- TABLE Asia Pacific Automated Guided Vehicle Market: Vehicle Type Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Vehicle Type
- TABLE Asia Pacific Automated Guided Vehicle Market, by Vehicle Type 2019-2032 (USD Million)
- TABLE Asia Pacific Automated Guided Vehicle Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Asia Pacific Automated Guided Vehicle Market, by End-User 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Automated Guided Vehicle Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Automated Guided Vehicle Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Technology segment market share analysis, 2023 & 2032
- FIGURE Technology segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Vehicle Type segment market share analysis, 2023 & 2032
- FIGURE Vehicle Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Automated Guided Vehicle Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Automated Guided Vehicle Market share analysis by country, 2023
- FIGURE India Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Automated Guided Vehicle Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
