The global automated guided vehicles market size reached USD 4.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.1 Billion by 2033, exhibiting a growth rate (CAGR) of 12.15% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 4.8 Billion |
Market Forecast in 2033
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USD 14.1 Billion |
Market Growth Rate (2025-2033) | 12.15% |
Automated guided vehicles (AGV) refer to self-guided material handling systems or load carriers that help move and carry products autonomously across distribution centers, warehouses, or manufacturing facilities. They operate by following adjustable guidelines with the help of installed sensors and help optimize transportation while picking and storing items. They are generally installed and programmed to move pallets, carts, and trays between different manufacturing and warehousing facilities, thereby enhancing the overall efficiency, which results in increased output. AGVs provide several benefits, such as lowering labor costs and product damage, improving productivity, and supporting automated processes, due to which they are widely utilized by transportation and logistics companies across the globe.
The market is primarily driven by the rising demand for automated warehouse solutions due to the flourishing e-commerce platforms. The demand for AGVs is further supported by the escalating need for high efficiency in material handling processes across different industries, such as automotive, healthcare, and food and beverages (F&B). Besides this, the increasing awareness regarding worker safety and the widespread preference for laser guided AGVs for achieving greater precision and flexibility are positively impacting the market. Significant investments in industrial automation projects are also acting as another major growth-inducing factor for the market. Moreover, AGVs are widely deployed for numerous Industry 4.0 solutions as their usage is often complementary with RFID tags and 5G networks, which, in turn, is facilitating their adoption. Furthermore, rapid industrialization, continual product innovations, augmenting demand for effectively managing plant assets, and extensive research and development (R&D) activities are some of the other factors that are providing a considerable boost to the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automated guided vehicles market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, mode of operation, navigation technology, application, and industry.
Breakup by Type:
Breakup by Mode of Operation:
Breakup by Navigation Technology:
Breakup by Application:
Breakup by Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc. and Simplex Robotics Pvt. Ltd.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Mode of Operation, Navigation Technology, Application, Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc. and Simplex Robotics Pvt. Ltd. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automated guided vehicles market was valued at USD 4.8 Billion in 2024.
We expect the global automated guided vehicles market to exhibit a CAGR of 12.15% during 2025-2033.
The expanding transportation and logistics sectors, along with the rising demand for automated warehouse solutions for high efficiency in material handling processes, are primarily catalyzing the global automated guided vehicles market.
The sudden outbreak of the COVID-19 pandemic has led to the widespread deployment of automated guided vehicles across various end-use industries to carry products autonomously in diverse distribution centers, while reducing human interventions.
Based on the type, the global automated guided vehicles market can be segmented into tow vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks. Among these, tow vehicles hold the majority of the total market share.
Based on the mode of operation, the global automated guided vehicles market has been divided into indoor and outdoor. Currently, indoor exhibits a clear dominance in the market.
Based on the navigation technology, the global automated guided vehicles market can be categorized into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others. Among these, laser guidance currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automated guided vehicles market include Bastian Solutions LLC (Toyota Industries Corporation), Daifuku Co. Ltd., Ek Robotics Gmbh, IKV Robot Nanchang Co. Ltd., John Bean Technologies Corporation, Jungheinrich AG, Kion Group AG, KUKA Aktiengesellschaft, Murata Machinery Ltd., Schaefer Systems International Pvt Ltd., Scott Systems International Inc., and Simplex Robotics Pvt. Ltd.