Europe Automated Guided Vehicle Market Size, Report 2033

Europe Automated Guided Vehicle Market Size, Share, Trends and Forecast by Type, Mode of Operation, Navigation Technology, Application, Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A28783

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Europe Automated Guided Vehicle Market Overview:

The Europe automated guided vehicle market size reached USD 1,198.16 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,403.56 Million by 2033, exhibiting a growth rate (CAGR) of 12.30% during 2025-2033. The Europe automated guided vehicle (AGV) market share is expanding due to increasing demand for warehouse automation, rising e-commerce activity, labor shortages, advancements in AI and IoT, growing adoption in manufacturing and logistics, cost efficiency, and government initiatives supporting smart factories and Industry 4.0 adoption.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1,198.16 Million
Market Forecast in 2033	USD 3,403.56 Million
Market Growth Rate (2025-2033)	12.30%

Europe Automated Guided Vehicle Market Trends:

Expansion of AGVs in E-Commerce and Logistics Warehousing

The increasing adoption of automated guided vehicles (AGVs) in e-commerce and logistics is transforming supply chain operations across Europe. For instance, ABB stated on January 11, 2024, that it will acquire Sevensense, a Swiss start-up that is a pioneer in AI-enabled 3D vision navigation technology for independent mobile robots (AMRs). Sevensense was established in 2018 as a spin-off from ETH Zurich. Its technology facilitates intelligent navigation in challenging surroundings by improving the speed, accuracy, and autonomy of AMRs. ABB is already in a leading position in the rapidly expanding mobile robots market, which is expected to increase at a compound annual growth rate of 20% from USD 5.5 Billion to USD 9.5 Billion by 2026. Rising online retail activity has led to greater demand for high-speed, automated material handling solutions that optimize warehouse operations and order fulfillment. Companies are deploying AGVs for inventory transport, picking, and sorting tasks to reduce reliance on human labor and enhance operational efficiency, which in turn is creating a positive impact on the Europe automated guided vehicle market outlook. The integration of AGVs with warehouse management systems (WMS) and real-time tracking technologies is improving accuracy and reducing turnaround times. Major logistics players are investing in AGV fleets to manage peak-season surges efficiently. As companies prioritize automation for cost reduction and scalability, AGVs are becoming essential for enhancing productivity in large-scale distribution centers.

Growing Adoption of AI-Enabled and IoT-Integrated AGVs

Europe automated guided vehicle market growth is driven by the ongoing advancements in Artificial Intelligence (AI) and the Internet of Things (IoT) in automated guided vehicle (AGV) technology across European industries. AI-powered AGVs are enhancing route optimization, collision avoidance, and real-time decision-making, making operations more efficient. IoT-enabled AGVs are improving fleet connectivity, allowing for seamless integration with other automated systems in warehouses and manufacturing plants. Predictive maintenance features, powered by AI-driven analytics, are reducing downtime and optimizing fleet performance. The adoption of 5G networks is further enabling real-time data exchange, improving AGV responsiveness and efficiency. As industries seek intelligent automation, AI and IoT-driven AGVs are playing a crucial role in modernizing logistics, manufacturing, and smart factory environments. For instance, On April 15, 2024, Amazon revealed plans to invest about USD 744.7 Million by the end of 2024 in order to install more than 1,000 robotic systems throughout its fulfillment centers in Europe. This project was created in Amazon's European Operations Innovation Lab in Vercelli, Italy, with the goal of using cutting-edge robotics and AI-powered innovations to improve operational efficiency and assist staff. New technology has led to the creation of 50,000 employment in Amazon's European business during the last ten years.

Europe Automated Guided Vehicle Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, mode of operation, navigation technology, application, and industry.

Type Insights:

Tow Vehicles
Unit Load Carriers
Pallet Trucks
Assembly Line Vehicles
Forklift Trucks

The report has provided a detailed breakup and analysis of the market based on the type. This includes tow vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks.

Mode of Operation Insights:

Indoor
Outdoor

The report has provided a detailed breakup and analysis of the market based on the mode of operation. This includes indoor and outdoor.

Navigation Technology Insights:

Laser Guidance
Magnetic Guidance
Inductive Guidance
Optical Tape Guidance
Vision Guidance
Others

The report has provided a detailed breakup and analysis of the market based on the navigation technology. This includes laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others.

Application Insights:

Transportation
Distribution
Storage
Assembly
Packaging
Waste Handling

The report has provided a detailed breakup and analysis of the market based on the application. This includes transportation, distribution, storage, assembly, packaging, and waste handling.

Industry Insights:

Automotive
Manufacturing
Food and Beverages
Aerospace
Healthcare
Logistics
Retail
Others

A detailed breakup and analysis of the market based on the industry have also been provided in the report. This includes automotive, manufacturing, food and beverages, aerospace, healthcare, logistics, retail, and others.

Regional Insights:

Germany
France
United Kingdom
Italy
Spain
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, United Kingdom, Italy, Spain, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Europe Automated Guided Vehicle Market News:

On October 29, 2024, Kivnon and Prolog Automation formed a strategic alliance to increase their market share in the automated guided vehicle (AGV) space. The goal of this partnership is to provide clients with complete material handling systems by fusing Prolog Automation's expertise in industrial automation solutions with Kivnon's AGV manufacturing knowledge. Across a range of industries, the collaboration is anticipated to spur innovation and efficiency in automated production and logistics systems.
On October 25, 2024, APM Terminals Maasvlakte II stated that it had placed a major order with Konecranes for an Automated Horizontal Transport System, which would include up to 71 Lift Automated Guided Vehicles (Lift AGVs). The goal of this investment is to increase sustainability and efficiency by doubling the terminal's capacity by 2027, making APM Terminals’ largest fully automated terminal in Europe. A third battery exchange station and virtual reality simulation software are also included in the deal to improve operations.

Europe Automated Guided Vehicle Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Mode of Operation Navigation Technology Application Industry Region
Types Covered	Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, Forklift Trucks
Mode of Operations Covered	Indoor, Outdoor
Navigation Technologies Covered	Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, Others
Applications Covered	Transportation, Distribution, Storage, Assembly, Packaging, Waste Handling
Industries Covered	Automotive, Manufacturing, Food and Beverages, Aerospace, Healthcare, Logistics, Retail, Others
Regions Covered	Germany, France, United Kingdom, Italy, Spain, and Others.
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)

Key Questions Answered in This Report:

How has the Europe automated guided vehicle market performed so far and how will it perform in the coming years?
What is the breakup of the Europe automated guided vehicle market on the basis of type?
What is the breakup of the Europe automated guided vehicle market on the basis of mode of navigation?
What is the breakup of the Europe automated guided vehicle market on the basis of application?
What is the breakup of the Europe automated guided vehicle market on the basis of navigation technology?
What is the breakup of the Europe automated guided vehicle market on the basis of industry?
What are the various stages in the value chain of the Europe automated guided vehicle market?
What are the key driving factors and challenges in the Europe automated guided vehicle market?
What is the structure of the Europe automated guided vehicle market and who are the key players?
What is the degree of competition in the Europe automated guided vehicle market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe automated guided vehicle market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Europe automated guided vehicle market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe automated guided vehicle industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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