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:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
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
- 5.2. 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
- 6.2. 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
- 6.3.1.2. 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
- 6.3.2.2. 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
- 6.3.3.2. 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
- 7.2. 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
- 7.3.1.2. 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
- 7.3.2.2. 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
- 7.3.3.2. 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
- 7.3.4.2. 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
- 7.3.5.2. 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
- 8.2. 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
- 8.3.1.2. 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
- 8.3.2.2. 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
- 8.3.3.2. 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
- 8.3.4.2. 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
- 8.3.5.2. 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
- 9.2. 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
- 9.3.1.2. 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
- 9.3.2.2. 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
- 9.3.3.2. 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
- 10.2. 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
- 10.3.1.2. 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
- 10.3.2.2. 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
- 10.3.3.2. 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.
16. Strategic Recommendations
17. About Us & Disclaimer