Automated Guided Vehicle Market Size & Share Report 2030

Report Description

Forecast Period	2026-2030
Market Size (2024)	USD 5.90 Billion
CAGR (2025-2030)	10.70%
Fastest Growing Segment	Assembly
Largest Market	Asia Pacific
Market Size (2030)	USD 10.86 Billion

Market Overview

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. According to the Association for Advancing Automation (A3), in 2024, North American companies ordered 31,311 robots, representing a 0.5% increase in units over 2023, underscoring a broader shift toward automated solutions.

A significant challenge impeding global AGV 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.

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. This robust uptake in robotics, encompassing AGVs, reflects a strategic shift towards automated solutions to streamline production and logistics. Concurrently, persistent labor challenges compel businesses to invest in AGVs. According to ETQ's May 2025 Pulse of Quality in Manufacturing poll, 70% of U. S. respondents reported their organizations were impacted by a labor shortage. These shortages, combined with rising wages, drive AGV adoption to reduce reliance on human labor for repetitive tasks, ensuring operational continuity and managing expenses.

The strategic deployment of Automated Guided Vehicles helps mitigate these operational pressures by optimizing material flow, reducing errors, and improving workplace safety, particularly in sectors experiencing high turnover rates. As industries worldwide continue to pursue resilient and flexible supply chains, the overall material handling automation sector demonstrates robust activity. For instance, according to the MHI Report, in 2024, consolidated order intake for material handling systems totaled ¥1,318.6 billion, an increase from the previous year, highlighting significant investment in solutions that encompass AGV technology. This sustained investment underscores the integral role of automation in navigating complex economic landscapes and fostering sustainable industrial growth.

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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.

Despite clear operational benefits and existing market demand, the elevated financial entry point acts as a brake on wider adoption. For example, according to the International Federation of Robotics (IFR) and the VDMA Materials Handling and Intralogistics Association, 80,300 mobile robots for intralogistics applications were sold worldwide in 2023, representing a 24% increase over 2022. While this demonstrates a healthy interest in automated solutions, the necessity for considerable capital allocation means that a larger number of potential users cannot readily implement AGV systems, thus restraining the market’s growth rate.

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. This model enhances market flexibility, allowing companies to scale AGV fleets efficiently with evolving operational demands.

Enhanced AI-driven navigation and optimization represents a critical technological trend influencing the Automated Guided Vehicle market by elevating AGV intelligence and operational autonomy. This advancement enables AGVs to execute dynamic path planning, sophisticated obstacle avoidance, and real-time route optimization within complex industrial environments, reducing reliance on fixed infrastructure. According to the International Federation of Robotics (IFR) in their October 2025 "World Robotics - Service Robots" report, 102,900 mobile robots for transportation and logistics were sold in 2024, a 14% increase from the prior year, indicating increasing deployment of advanced mobile solutions. For example, in May 2024, Omron and NEURA Robotics announced a partnership for an intelligent Cognitive Robot series, leveraging integrated sensors and AI for enhanced manufacturing flexibility and productivity.

Segmental Insights

The Assembly segment is currently experiencing the most significant growth within the Global Automated Guided Vehicle Market. This rapid expansion is primarily attributed to the increasing industrial imperative for enhanced operational efficiency, precision, and flexibility across modern manufacturing and assembly processes. Automated Guided Vehicles (AGVs) are crucial for automating repetitive and labor-intensive tasks, such as the precise transportation of components and parts between various stages of assembly lines. Their adoption significantly streamlines complex workflows, reduces reliance on manual labor, and optimizes production layouts, particularly within industries like automotive where continuous process improvement is paramount. This ability to integrate seamlessly and improve material flow directly contributes to the segment's accelerated growth.

Regional Insights

Asia Pacific currently leads the global Automated Guided Vehicle market, driven by extensive industrialization and the rapid expansion of manufacturing hubs across key economies such as China, India, and South Korea. These nations are actively investing in advanced automation technologies to enhance productivity and operational efficiency within their industrial sectors. The significant growth of the e-commerce industry throughout the region further fuels the demand for sophisticated material handling and warehousing automation solutions. Government initiatives also play a crucial role, promoting the adoption of automation and modernizing manufacturing capabilities, thereby solidifying Asia Pacific's dominant position.

Recent Developments

In February 2025, KION Group announced a strategic focus on integrating physical artificial intelligence (AI) into its material handling solutions. The company revealed its collaboration with NVIDIA to advance the development of the "warehouse of the future" by leveraging AI capabilities. This initiative was part of an overarching efficiency program intended to bolster KION Group's resilience and maintain its capacity for future investments in a rapidly evolving market. The development aimed to further enhance the agility and adaptability of intralogistics systems.

In November 2024, Mobile Industrial Robots (MiR) launched the MC600 mobile collaborative robot, expanding its range of MiR Go Approved products. This innovative cobot was designed to handle payloads up to 600 kg (1322 lbs), integrating the MiR600 mobile robot base with collaborative robot arms from Universal Robots. The system aimed to automate complex industrial tasks such as palletizing, box handling, and machine tending. It provided enhanced flexibility, safety, and efficiency in industrial automation by combining autonomous mobility with advanced robotics, controlled by a unified software platform.

In May 2024, Mobile Industrial Robots (MiR) introduced the MiR1200 Pallet Jack, an advanced autonomous mobile robot (AMR) specifically engineered for efficient pallet handling. This new product featured artificial intelligence (AI) pallet detection technology, powered by NVIDIA Jetson AGX Orin, which enabled highly precise identification, pickup, and delivery of pallets using 3D vision. The MiR1200 Pallet Jack was designed for seamless integration into existing MiR AMR fleets, offering a solution for demanding material handling operations and supporting continuous workflows with its high battery capacity.

In February 2024, OMRON partnered with ROEQ to introduce integrated autonomous mobile robot (AMR) solutions for material handling. This collaboration brought together OMRON's new MD-650 and MD-900 medium-payload AMRs with ROEQ's specialized lifter and roller top modules. The combined offering aimed to streamline material transfer processes by ensuring smooth setup and reliable daily performance. The integrated solution, which included the ROEQ GuardCom system for enhanced safety, sought to provide customers with an optimized total cost of ownership for their 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.

By Component	By Battery Type	By Navigation Technology	By Application	By Vehicle Type	By Region
Hardware Services Software	Lead Battery Lithium-Ion Battery Nickel-based Battery Others	Laser Guidance Magnetic Guidance Vision Guidance Inductive Guidance Natural Navigation Others	Logistics and Warehousing Assembly Packaging Trailer Loading and Unloading Raw Material Handling Others	Tow Vehicle Unit Load Carrier Pallet Truck Forklift Truck Hybrid Vehicles Others	North America Europe Asia Pacific South America Middle East & Africa

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:

o Hardware

o Services

o Software

Automated Guided Vehicle Market, By Battery Type:

o Lead Battery

o Lithium-Ion Battery

o Nickel-based Battery

o Others

Automated Guided Vehicle Market, By Navigation Technology:

o Laser Guidance

o Magnetic Guidance

o Vision Guidance

o Inductive Guidance

o Natural Navigation

o Others

Automated Guided Vehicle Market, By Application:

o Logistics and Warehousing

o Assembly

o Packaging

o Trailer Loading and Unloading

o Raw Material Handling

o Others

Automated Guided Vehicle Market, By Vehicle Type:

o Tow Vehicle

o Unit Load Carrier

o Pallet Truck

o Forklift Truck

o Hybrid Vehicles

o Others

Automated Guided Vehicle Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o 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).

Global Automated Guided Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

5.1.1. By Value

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

6.1.1. By Value

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

6.3.1.1.1. By Value

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

6.3.2.1.1. By Value

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

6.3.3.1.1. By Value

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

7.1.1. By Value

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

7.3.1.1.1. By Value

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

7.3.2.1.1. By Value

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

7.3.3.1.1. By Value

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

7.3.4.1.1. By Value

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

7.3.5.1.1. By Value

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

8.1.1. By Value

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

8.3.1.1.1. By Value

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

8.3.2.1.1. By Value

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

8.3.3.1.1. By Value

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

8.3.4.1.1. By Value

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

8.3.5.1.1. By Value

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

9.1.1. By Value

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

9.3.1.1.1. By Value

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

9.3.2.1.1. By Value

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

9.3.3.1.1. By Value

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

10.1.1. By Value

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

10.3.1.1.1. By Value

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

10.3.2.1.1. By Value

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

10.3.3.1.1. By Value

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

Report Description

Table of content

Figures and Tables

Frequently asked questions

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