Asia Pacific Automated Guided Vehicle Market Forecast to 2030 - Regional Analysis - by Technology, Vehicle Type, and End User

Description

List of Tables

The Asia Pacific automated guided vehicle market was valued at US$ 1,794.60 million in 2022 and is expected to reach US$ 5,034.69 million by 2030; it is estimated to grow at a CAGR of 13.8% from 2022 to 2030.

Technological Advancements in AGVs fuel the Asia Pacific Automated Guided Vehicle Market

Technological advancements play a crucial role in the automated guided vehicle (AGV) market. As with many industries, AGV technology continues to evolve and improve, driven by innovations. AGVs rely on various navigation methods, including laser-based systems, magnetic tape, vision-based systems, and LiDAR, to move autonomously through their environments. Advancements in navigation algorithms and sensor technologies have led to more accurate and reliable AGV movement, enabling them to precisely navigate complex and dynamic environments. AGVs are also becoming smarter with the integration of artificial intelligence (AI) and machine learning (ML) algorithms. These technologies allow AGVs to learn from their surroundings, optimize their routes, and adapt to changing conditions in real time. AI and ML enable predictive maintenance, enhance the AGVs' reliability, and reduce downtime.

Several companies are using AI-based AGVs. In May 2023, KION announced that it is increasingly deploying AI systems in its solutions-such as smart factories, assistance systems, or AGVs. AI will help optimize warehouse operations, anticipate demand and bottlenecks, and reduce the risk of overstocks or shortfalls. The KION Group is proactively cultivating the potential that AI offers, harnessing its position as a global technology leader. AGVs are increasingly becoming part of interconnected systems within smart factories and warehouses. They communicate with other machines, control systems, and central servers, allowing coordinated operations, data exchange, and real-time tracking. These technological advancements drive the AGV market toward increased automation, efficiency, and adaptability. As businesses continue to seek ways to optimize their operations, AGVs equipped with latest technologies are projected to become attractive solutions to meet the growing demand of various industries, from manufacturing and warehousing to healthcare and logistics.

Asia Pacific Automated Guided Vehicle Market Overview

The Asia Pacific automated guided vehicle market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Rapid developments, digitalization of the economy, adequate government support, increasing education awareness, and rising incomes of the middle class are a few factors contributing to the development of the abovementioned economies. In Asia Pacific, the manufacturing, electronics & semiconductor, and automotive sectors are heavily dependent on the use of automated material handling systems to ensure optimum material handling costs, increased employee safety, and improved overall supply chain efficiency.

Asia Pacific Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Automated Guided Vehicle Market Segmentation

The Asia Pacific automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the Asia Pacific automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.

Based on vehicle type, the Asia Pacific automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.

Based on end user, the Asia Pacific automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.

Based on country, the Asia Pacific automated guided vehicle market is segmented into China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Thailand, and the Rest of Asia Pacific. China dominated the Asia Pacific automated guided vehicle market share in 2022.

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; and Toyota Material Handling Inc are some of the leading players operating in the Asia Pacific automated guided vehicle market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific automated guided vehicle market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific automated guided vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific automated guided vehicle market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00027762

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Automated Guided Vehicles Market - By Technology
- 1.3.2 Asia Pacific Automated Guided Vehicles Market - By Vehicle Type
- 1.3.3 Asia Pacific Automated Guided Vehicles Market - By End User
- 1.3.4 Asia Pacific Automated guided vehicles Market - By Country

2. Asia Pacific Automated Guided Vehicles Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Automated Guided Vehicles - Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Asia Pacific Automated Guided Vehicles Market- Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Industrialization and Automation In Industries
- 5.1.2 Huge Growth in E-Commerce Sector
- 5.1.3 Increasing Need for Well-Managed Operations in Warehouses, Distribution, and Manufacturing Facilities
5.2 Market Restraints
- 5.2.1 High Upfront Costs
- 5.2.2 AGV Alternatives
5.3 Market Opportunities
- 5.3.1 Incorporation of Industry 4.0
- 5.3.2 Substantial Growth of Industries
5.4 Future Trends
- 5.4.1 Technological Advancements in AGVs
5.5 Impact analysis

6. Automated Guided Vehicles Market - Asia Pacific Analysis

6.1 Asia Pacific Automated Guided Vehicles Market Overview
6.2 Asia Pacific Automated Guided Vehicles Market - Revenue and Forecast to 2030 (US$ Million)

7. Asia Pacific Automated Guided Vehicles Market Analysis and Forecast to 2030 - Technology

7.1 Overview
7.2 Automated Guided Vehicles Market, by Technology, 2022 & 2030 (% Share)
7.3 Laser Target Navigation
- 7.3.1 Overview
- 7.3.2 Laser Target Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.4 Magnetic Navigation
- 7.4.1 Overview
- 7.4.2 Magnetic Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.5 Wired Navigation
- 7.5.1 Overview
- 7.5.2 Wired Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.6 Guide Tape Navigation
- 7.6.1 Overview
- 7.6.2 Guide Tape Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

8. Asia Pacific Automated Guided Vehicles Market Analysis and Forecast to 2030 - Vehicle Type

8.1 Overview
8.2 Automated Guided Vehicles Market, by Vehicle Type, 2022 & 2030 (% Share)
8.3 Tow Vehicle
- 8.3.1 Overview
- 8.3.2 Tow Vehicle: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.4 Pallet Trucks
- 8.4.1 Overview
- 8.4.2 Pallet Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.5 Tugger Trains
- 8.5.1 Overview
- 8.5.2 Tugger Trains: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.6 Forklift Trucks
- 8.6.1 Overview
- 8.6.2 Forklift Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

9. Asia Pacific Automated Guided Vehicles Market Analysis and Forecast to 2030 - End User

9.1 Overview
9.2 Automated Guided Vehicles Market, by End User, 2022 & 2030 (% Share)
9.3 Logistics
- 9.3.1 Overview
- 9.3.2 Logistics: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.4 Automotive
- 9.4.1 Overview
- 9.4.2 Automotive: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.5 General Manufacturing
- 9.5.1 Overview
- 9.5.2 General Manufacturing: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.7 Retail
- 9.7.1 Overview
- 9.7.2 Retail: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.8 Food and Beverage
- 9.8.1 Overview
- 9.8.2 Food and Beverage: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.9 Aerospace
- 9.9.1 Overview
- 9.9.2 Aerospace: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

10. Asia Pacific Automated Guided Vehicles Market Revenue and Forecast to 2030 - Country Analysis

10.1 Asia Pacific: Automated Guided Vehicles (AGV) Market
- 10.1.1 Overview
- 10.1.2 Asia Pacific Automated Guided Vehicles (AGV) Market, by Country
  - 10.1.2.1 China
  - 10.1.2.2 China Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.2.1 China Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.2 China Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.3 China Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.2.4 China Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.3 Japan
    - 10.1.2.3.1 Japan Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.3.2 Japan Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.3 Japan Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.4 Japan Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.3.5 Japan Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.4 India
  - 10.1.2.5 India Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.5.1 India Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.2 India Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.3 India Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.5.4 India Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.6 South Korea
  - 10.1.2.7 South Korea Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.7.1 South Korea Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.7.2 South Korea Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.7.3 South Korea Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.7.4 South Korea Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.8 Australia
  - 10.1.2.9 Australia Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.9.1 Australia Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.9.2 Australia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.9.3 Australia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.9.4 Australia Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.10 Indonesia
  - 10.1.2.11 Indonesia Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.11.1 Indonesia Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.11.2 Indonesia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.11.3 Indonesia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.11.4 Indonesia Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.12 Singapore
  - 10.1.2.13 Singapore Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.13.1 Singapore Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.13.2 Singapore Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.13.3 Singapore Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.13.4 Singapore Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.14 Malaysia
  - 10.1.2.15 Malaysia Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.15.1 Malaysia Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.15.2 Malaysia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.15.3 Malaysia Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.15.4 Malaysia Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.16 Thailand
  - 10.1.2.17 Thailand Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.17.1 Thailand Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.17.2 Thailand Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.17.3 Thailand Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.17.4 Thailand Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.18 Rest of APAC
  - 10.1.2.19 Rest of APAC Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.19.1 Rest of APAC Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.19.2 Rest of APAC Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.19.3 Rest of APAC Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.19.4 Rest of APAC Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Dematic Corp
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Kion Group AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Jungheinrich AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Toyota Material Handling Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Konecranes Plc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 John Bean Technologies Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Daifuku Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Bastian Solutions LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Hyster-Yale Group Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Murata Machinery Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms