Automated Guided Vehicle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type, By Navigation Technology, By Application, By Component, By Battery Type, By Region, By Competition, 2020-2030F

Description

The Global Automated Guided Vehicle Market, valued at USD 5.90 Billion in 2024, is projected to experience a CAGR of 10.70% to reach USD 10.86 Billion by 2030. Automated Guided Vehicles (AGVs) are autonomous mobile robots designed for material handling, transporting goods within industrial environments such as factories, warehouses, and distribution centers by following predefined paths or utilizing advanced navigation technologies. The market's growth is primarily driven by the increasing demand for automation in manufacturing and logistics, the imperative to enhance operational efficiency, and rising labor costs.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 5.90 Billion
Market Size 2030	USD 10.86 Billion
CAGR 2025-2030	10.70%
Fastest Growing Segment	Assembly
Largest Market	Asia Pacific

Key Market Drivers

The increasing demand for industrial automation and rising labor costs and shortages are significantly influencing the Global Automated Guided Vehicle Market. Industries prioritize enhanced operational efficiency and competitiveness, driving automation technology adoption. This is evidenced by North American companies ordering 17,635 robots valued at $1.094 billion in the first six months of 2025, according to the Association for Advancing Automation (A3) in its August 2025 report, which represents a 4.3% increase in orders over the first half of 2024.

Key Market Challenges

A significant challenge impeding global Automated Guided Vehicle market expansion is the substantial initial capital investment required for procurement, associated infrastructure, and integration with existing operational systems. This financial barrier can limit adoption, particularly among small and medium-sized enterprises, which typically operate with more restricted capital budgets compared to larger industrial entities. The considerable upfront expenditure postpones or entirely prevents many businesses from investing in AGV technology, directly curtailing the overall market penetration and its potential for more rapid expansion.

Key Market Trends

The proliferation of Robotics-as-a-Service models is significantly reshaping the Global Automated Guided Vehicle Market by lowering the barrier to automation. This trend converts substantial upfront capital expenditures into predictable operational expenses, broadening AGV technology access for many businesses, including small and medium-sized enterprises. According to the International Federation of Robotics' (IFR) "World Robotics - Service Robots" report released in October 2025, the global RaaS fleet experienced an impressive 31% growth in 2024, reflecting an industry move towards flexible subscription or rental agreements for automation projects.

Key Market Players

Daifuku Co., Ltd.
Dematic Group (KION Group AG)
Swisslog Holding AG (KUKA Group)
Murata Machinery, Co. Ltd.(Murata Manufacturing Group)
JBT Corporation
EK Robotics GmbH
Seegrid Corporation
Jungheinrich AG
Bastian Solutions, LLC
Hyster-Yale Materials Handling Inc.

Report Scope:

In this report, the Global Automated Guided Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Automated Guided Vehicle Market, By Component:

Hardware
Services
Software

Automated Guided Vehicle Market, By Battery Type:

Lead Battery
Lithium-Ion Battery
Nickel-based Battery
Others

Automated Guided Vehicle Market, By Navigation Technology:

Laser Guidance
Magnetic Guidance
Vision Guidance
Inductive Guidance
Natural Navigation
Others

Automated Guided Vehicle Market, By Application:

Logistics and Warehousing
Assembly
Packaging
Trailer Loading and Unloading
Raw Material Handling
Others

Automated Guided Vehicle Market, By Vehicle Type:

Tow Vehicle
Unit Load Carrier
Pallet Truck
Forklift Truck
Hybrid Vehicles
Others

Automated Guided Vehicle Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automated Guided Vehicle Market.

Available Customizations:

Global Automated Guided Vehicle Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Automated Guided Vehicle Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Services, Software)
- 5.2.2. By Battery Type (Lead Battery, Lithium-Ion Battery, Nickel-based Battery, Others)
- 5.2.3. By Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Natural Navigation, Others)
- 5.2.4. By Application (Logistics and Warehousing, Assembly, Packaging, Trailer Loading and Unloading, Raw Material Handling, Others)
- 5.2.5. By Vehicle Type (Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles, Others)
- 5.2.6. By Region
- 5.2.7. By Company (2024)
5.3. Market Map

6. North America Automated Guided Vehicle Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Battery Type
- 6.2.3. By Navigation Technology
- 6.2.4. By Application
- 6.2.5. By Vehicle Type
- 6.2.6. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Automated Guided Vehicle Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Battery Type
    - 6.3.1.2.3. By Navigation Technology
    - 6.3.1.2.4. By Application
    - 6.3.1.2.5. By Vehicle Type
- 6.3.2. Canada Automated Guided Vehicle Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Battery Type
    - 6.3.2.2.3. By Navigation Technology
    - 6.3.2.2.4. By Application
    - 6.3.2.2.5. By Vehicle Type
- 6.3.3. Mexico Automated Guided Vehicle Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Battery Type
    - 6.3.3.2.3. By Navigation Technology
    - 6.3.3.2.4. By Application
    - 6.3.3.2.5. By Vehicle Type

7. Europe Automated Guided Vehicle Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Battery Type
- 7.2.3. By Navigation Technology
- 7.2.4. By Application
- 7.2.5. By Vehicle Type
- 7.2.6. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Automated Guided Vehicle Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Battery Type
    - 7.3.1.2.3. By Navigation Technology
    - 7.3.1.2.4. By Application
    - 7.3.1.2.5. By Vehicle Type
- 7.3.2. France Automated Guided Vehicle Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Battery Type
    - 7.3.2.2.3. By Navigation Technology
    - 7.3.2.2.4. By Application
    - 7.3.2.2.5. By Vehicle Type
- 7.3.3. United Kingdom Automated Guided Vehicle Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Battery Type
    - 7.3.3.2.3. By Navigation Technology
    - 7.3.3.2.4. By Application
    - 7.3.3.2.5. By Vehicle Type
- 7.3.4. Italy Automated Guided Vehicle Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Battery Type
    - 7.3.4.2.3. By Navigation Technology
    - 7.3.4.2.4. By Application
    - 7.3.4.2.5. By Vehicle Type
- 7.3.5. Spain Automated Guided Vehicle Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Battery Type
    - 7.3.5.2.3. By Navigation Technology
    - 7.3.5.2.4. By Application
    - 7.3.5.2.5. By Vehicle Type

8. Asia Pacific Automated Guided Vehicle Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Battery Type
- 8.2.3. By Navigation Technology
- 8.2.4. By Application
- 8.2.5. By Vehicle Type
- 8.2.6. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Automated Guided Vehicle Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Battery Type
    - 8.3.1.2.3. By Navigation Technology
    - 8.3.1.2.4. By Application
    - 8.3.1.2.5. By Vehicle Type
- 8.3.2. India Automated Guided Vehicle Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Battery Type
    - 8.3.2.2.3. By Navigation Technology
    - 8.3.2.2.4. By Application
    - 8.3.2.2.5. By Vehicle Type
- 8.3.3. Japan Automated Guided Vehicle Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Battery Type
    - 8.3.3.2.3. By Navigation Technology
    - 8.3.3.2.4. By Application
    - 8.3.3.2.5. By Vehicle Type
- 8.3.4. South Korea Automated Guided Vehicle Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Battery Type
    - 8.3.4.2.3. By Navigation Technology
    - 8.3.4.2.4. By Application
    - 8.3.4.2.5. By Vehicle Type
- 8.3.5. Australia Automated Guided Vehicle Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Battery Type
    - 8.3.5.2.3. By Navigation Technology
    - 8.3.5.2.4. By Application
    - 8.3.5.2.5. By Vehicle Type

9. Middle East & Africa Automated Guided Vehicle Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Battery Type
- 9.2.3. By Navigation Technology
- 9.2.4. By Application
- 9.2.5. By Vehicle Type
- 9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Automated Guided Vehicle Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Battery Type
    - 9.3.1.2.3. By Navigation Technology
    - 9.3.1.2.4. By Application
    - 9.3.1.2.5. By Vehicle Type
- 9.3.2. UAE Automated Guided Vehicle Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Battery Type
    - 9.3.2.2.3. By Navigation Technology
    - 9.3.2.2.4. By Application
    - 9.3.2.2.5. By Vehicle Type
- 9.3.3. South Africa Automated Guided Vehicle Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Battery Type
    - 9.3.3.2.3. By Navigation Technology
    - 9.3.3.2.4. By Application
    - 9.3.3.2.5. By Vehicle Type

10. South America Automated Guided Vehicle Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Battery Type
- 10.2.3. By Navigation Technology
- 10.2.4. By Application
- 10.2.5. By Vehicle Type
- 10.2.6. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Automated Guided Vehicle Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Battery Type
    - 10.3.1.2.3. By Navigation Technology
    - 10.3.1.2.4. By Application
    - 10.3.1.2.5. By Vehicle Type
- 10.3.2. Colombia Automated Guided Vehicle Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Battery Type
    - 10.3.2.2.3. By Navigation Technology
    - 10.3.2.2.4. By Application
    - 10.3.2.2.5. By Vehicle Type
- 10.3.3. Argentina Automated Guided Vehicle Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Battery Type
    - 10.3.3.2.3. By Navigation Technology
    - 10.3.3.2.4. By Application
    - 10.3.3.2.5. By Vehicle Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Automated Guided Vehicle Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Daifuku Co., Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Dematic Group (KION Group AG)
15.3. Swisslog Holding AG (KUKA Group)
15.4. Murata Machinery, Co. Ltd.(Murata Manufacturing Group)
15.5. JBT Corporation
15.6. EK Robotics GmbH
15.7. Seegrid Corporation
15.8. Jungheinrich AG
15.9. Bastian Solutions, LLC
15.10. Hyster-Yale Materials Handling Inc.