Automated Guided Vehicle (AGV) Market to Grow at a CAGR of 8.97% from 2022 to 2027| Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, and more to emerge as key players- Technavio

NEW YORK, July 13, 2023 /PRNewswire/ — The automated guided vehicle (AGV) market size is estimated to grow by USD 1,395.15 million from 2022 to 2027. The market is estimated to progress at a CAGR of 8.97% during the forecast period according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including Aichikikai Techno System Co. Ltd., Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dearborn Mid West Co., ek robotics GmbH, Fritz SCHAFER GmbH and Co KG, Groupe Gorge, Hitachi Ltd., Hyster Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, Meidensha Corp., MIDEA Group, Murata Machinery Ltd., Oceaneering International Inc., Scott Technology Ltd., Seegrid Corp., and Toyota Industries Corp. Download a Sample Report Now!

Automated Guided Vehicle (AGV) Market Insights –

• Vendors: 15+, Including Aichikikai Techno System Co. Ltd., Atab Automationsteknik AB, Balyo SA, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Dearborn Mid West Co., ek robotics GmbH, Fritz SCHAFER GmbH and Co KG, Groupe Gorge, Hitachi Ltd., Hyster Yale Materials Handling Inc., John Bean Technologies Corp., KION GROUP AG, Meidensha Corp., MIDEA Group, Murata Machinery Ltd., Oceaneering International Inc., Scott Technology Ltd., Seegrid Corp., and Toyota Industries Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Unit load carrier, Tow vehicle, Pallet truck, Assembly line vehicle, and Others), End-user (Automotive, Food and beverages, Electronics and electrical, Pharmaceuticals, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa)

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Major Drivers – 

• Rapid growth in e-commerce retail to drive growth. 
• Consumer preferences are rapidly shifting from traditional retail to e-commerce due to various factors such as diversified product portfolios, competitive prices, and shopping convenience.
• Currently, e-commerce is experiencing significant growth not only in developed markets such as the United States but also in emerging markets such as India and China. This is because several major companies such as Amazon and Walmart have a presence in emerging markets in the Asia-Pacific region.
• Additionally, as e-commerce retail becomes more popular, the need for warehouses and distribution centers is increasing, especially in emerging markets.
• Therefore, e-commerce retail growth will continue to drive the growth of the global AGV market during the forecast period. 

Significant Trends – Rising warehouse automation is the emerging trend influencing the AGV market.  

Key challenges – Fluctuating prices of raw materials challenge market growth. 

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The automated guided vehicle (AGV) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Automated Guided Vehicle (AGV) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Automated Guided Vehicle (AGV) Market between 2023 and 2027
• Precise estimation of the size of the Automated Guided Vehicle (AGV) Market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Automated Guided Vehicle (AGV) Market across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Automated Guided Vehicle (AGV) Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automated guided vehicle (AGV) market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global automated guided vehicle (agv) market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Unit load carrier – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Unit load carrier – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Unit load carrier – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Unit load carrier – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Unit load carrier – Year-over-year growth 2022-2027 (%)

• 6.4 Tow vehicle – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Tow vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Tow vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Tow vehicle – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Tow vehicle – Year-over-year growth 2022-2027 (%)

• 6.5 Pallet truck – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Pallet truck – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Pallet truck – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Pallet truck – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Pallet truck – Year-over-year growth 2022-2027 (%)

• 6.6 Assembly line vehicle – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Assembly line vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Assembly line vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Assembly line vehicle – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Assembly line vehicle – Year-over-year growth 2022-2027 (%)

• 6.7 Others – Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)
• Exhibit 55: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 56: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 57: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 58: Chart on Comparison by End-user
• Exhibit 59: Data Table on Comparison by End-user

• 7.3 Automotive – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Automotive – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

• 7.4 Food and beverages – Market size and forecast 2022-2027 
• Exhibit 64: Chart on Food and beverages – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Food and beverages – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Food and beverages – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Food and beverages – Year-over-year growth 2022-2027 (%)

• 7.5 Electronics and electrical – Market size and forecast 2022-2027 
• Exhibit 68: Chart on Electronics and electrical – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Electronics and electrical – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Electronics and electrical – Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Electronics and electrical – Year-over-year growth 2022-2027 (%)

• 7.6 Pharmaceuticals – Market size and forecast 2022-2027 
• Exhibit 72: Chart on Pharmaceuticals – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Pharmaceuticals – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Pharmaceuticals – Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Pharmaceuticals – Year-over-year growth 2022-2027 (%)

• 7.7 Others – Market size and forecast 2022-2027 
• Exhibit 76: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 80: Market opportunity by End-user ($ million)
• Exhibit 81: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 83: Chart on Market share by geography 2022-2027 (%)
• Exhibit 84: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 85: Chart on Geographic comparison
• Exhibit 86: Data Table on Geographic comparison

• 9.3 Europe – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027 
• Exhibit 91: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027 
• Exhibit 95: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 99: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 103: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 107: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 Germany – Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027 
• Exhibit 115: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 China – Market size and forecast 2022-2027 
• Exhibit 119: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 120: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 123: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 124: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 125: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 126: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 127: Market opportunity by geography ($ million)
• Exhibit 128: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 129: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 131: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 132: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 133: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 134: Matrix on vendor position and classification

• 12.3 Aichikikai Techno System Co. Ltd. 
• Exhibit 135: Aichikikai Techno System Co. Ltd. – Overview
• Exhibit 136: Aichikikai Techno System Co. Ltd. – Product / Service
• Exhibit 137: Aichikikai Techno System Co. Ltd. – Key offerings

• 12.4 Atab Automationsteknik AB 
• Exhibit 138: Atab Automationsteknik AB – Overview
• Exhibit 139: Atab Automationsteknik AB – Product / Service
• Exhibit 140: Atab Automationsteknik AB – Key offerings

• 12.5 Beumer Group GmbH and Co. KG 
• Exhibit 141: Beumer Group GmbH and Co. KG – Overview
• Exhibit 142: Beumer Group GmbH and Co. KG – Product / Service
• Exhibit 143: Beumer Group GmbH and Co. KG – Key news
• Exhibit 144: Beumer Group GmbH and Co. KG – Key offerings

• 12.6 Daifuku Co. Ltd.
• Exhibit 145: Daifuku Co. Ltd. – Overview
• Exhibit 146: Daifuku Co. Ltd. – Business segments
• Exhibit 147: Daifuku Co. Ltd. – Key news
• Exhibit 148: Daifuku Co. Ltd. – Key offerings
• Exhibit 149: Daifuku Co. Ltd. – Segment focus

• 12.7 Dearborn Mid West Co. 
• Exhibit 150: Dearborn Mid West Co. – Overview
• Exhibit 151: Dearborn Mid West Co. – Product / Service
• Exhibit 152: Dearborn Mid West Co. – Key offerings

• 12.8 ek robotics GmbH
• Exhibit 153: ek robotics GmbH – Overview
• Exhibit 154: ek robotics GmbH – Product / Service
• Exhibit 155: ek robotics GmbH – Key offerings

• 12.9 Fritz SCHAFER GmbH and Co KG 
• Exhibit 156: Fritz SCHAFER GmbH and Co KG – Overview
• Exhibit 157: Fritz SCHAFER GmbH and Co KG – Product / Service
• Exhibit 158: Fritz SCHAFER GmbH and Co KG – Key offerings

• 12.10 Hitachi Ltd.
• Exhibit 159: Hitachi Ltd. – Overview
• Exhibit 160: Hitachi Ltd. – Business segments
• Exhibit 161: Hitachi Ltd. – Key news
• Exhibit 162: Hitachi Ltd. – Key offerings
• Exhibit 163: Hitachi Ltd. – Segment focus

• 12.11 Hyster Yale Materials Handling Inc. 
• Exhibit 164: Hyster Yale Materials Handling Inc. – Overview
• Exhibit 165: Hyster Yale Materials Handling Inc. – Business segments
• Exhibit 166: Hyster Yale Materials Handling Inc. – Key offerings
• Exhibit 167: Hyster Yale Materials Handling Inc. – Segment focus

• 12.12 John Bean Technologies Corp. 
• Exhibit 168: John Bean Technologies Corp. – Overview
• Exhibit 169: John Bean Technologies Corp. – Business segments
• Exhibit 170: John Bean Technologies Corp. – Key offerings
• Exhibit 171: John Bean Technologies Corp. – Segment focus

• 12.13 KION GROUP AG
• Exhibit 172: KION GROUP AG – Overview
• Exhibit 173: KION GROUP AG – Business segments
• Exhibit 174: KION GROUP AG – Key offerings
• Exhibit 175: KION GROUP AG – Segment focus

• 12.14 MIDEA Group
• Exhibit 176: MIDEA Group – Overview
• Exhibit 177: MIDEA Group – Business segments
• Exhibit 178: MIDEA Group – Key offerings
• Exhibit 179: MIDEA Group – Segment focus

• 12.15 Murata Machinery Ltd. 
• Exhibit 180: Murata Machinery Ltd. – Overview
• Exhibit 181: Murata Machinery Ltd. – Business segments
• Exhibit 182: Murata Machinery Ltd. – Key offerings
• Exhibit 183: Murata Machinery Ltd. – Segment focus

• 12.16 Seegrid Corp.
• Exhibit 184: Seegrid Corp. – Overview
• Exhibit 185: Seegrid Corp. – Product / Service
• Exhibit 186: Seegrid Corp. – Key offerings

• 12.17 Toyota Industries Corp. 
• Exhibit 187: Toyota Industries Corp. – Overview
• Exhibit 188: Toyota Industries Corp. – Business segments
• Exhibit 189: Toyota Industries Corp. – Key news
• Exhibit 190: Toyota Industries Corp. – Key offerings
• Exhibit 191: Toyota Industries Corp. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 192: Inclusions checklist
• Exhibit 193: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 194: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 195: Research methodology
• Exhibit 196: Validation techniques employed for market sizing
• Exhibit 197: Information sources

• 13.5 List of abbreviations 
• Exhibit 198: List of abbreviations

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