The global automated guided vehicle market is expected to grow from USD 1.84 billion 2017 to USD 3.22 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 8.34%.

"Increasing demand for automation and material handling equipment in various process industriesis one of the factors largely attributing to the growth of automated guided vehicle market globally"

The factors attributing to the growth of the market are increasing demand for automation and material handling equipment in various process industries, enforcement of safety standards at workplaces, rising labor cost, growing e-commerce industry, enhanced productivity enabled by improved supply chain processes, and introduction of vision guided vehicles and mobile robots. However, some factors such as initial price complexity of agvs and low flexibility, and less acceptance of automation in developing economies may hinder the market growth. The global automated guided vehicle market is expected to showcase the opportunities such as integration with industrial automation solutions, adoption of industrial automation across smes, industrial growth in developing economies, and development of intelligent agvs. In the near future, the market may face the possible challenges in the growth due to high installation, maintenance, and switching costs, and real time technical complexity. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global automated guided vehicle market market.

On the basis of battery type, the global automated guided vehicle market is studied across Lead, Lithium-Ion, and Nickel-Based.

On the basis of function, the global automated guided vehicle market is studied across Assembly, Distribution, Packaging, Storage, and Transportation.

On the basis of navigation technology, the global automated guided vehicle market is studied across Inductive Guidance, Laser Guidance, Magnetic Guidance, Optical Tape Guidance, and Vision Guidance.

On the basis of type, the global automated guided vehicle market is studied across Assembly Line Vehicle, Forklift Truck, Pallet Truck, Tow Vehicle, and Unit Load Carrier.

On the basis of industry, the global automated guided vehicle market is studied across Aerospace & Defense, Automotive & Transportation, Consumer Goods & Retail, Food & Beverage, Healthcare & Life Sciences, and Manufacturing.

On the basis of geography, the global automated guided vehicle market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).

"Addverb Technologies: The potential growing player for the global automated guided vehicle market"

The key players profiled in the global automated guided vehicle market are Addverb Technologies, Daifuku Co., Ltd., E&K Automation GmbH, Fetch Robotics, Inc., Hyster-Yale Materials Handling, Inc., Invia Robotics, Inc., JBT Corporation, KION GROUP AG, KUKA Robotics, Kollmorgen Corporation, Locus Robotics, Inc., MoTuM N.V., SSI Schaefer LLC, Seegrid Corporation, and Toyota Industries Corporation.


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global automated guided vehicle market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global automated guided vehicle market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global automated guided vehicle market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global automated guided vehicle market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global automated guided vehicle market.