Automated Guided Vehicle Market Size, Share, and Trends 2025 to 2034

The global automated guided vehicle market size is calculated at USD 5.77 billion in 2025 and is expected to be worth around USD 12.99 billion by 2034. The market is slated to expand at 9.44% CAGR from 2025 to 2034. The Europe automated guided vehicle market size accounted for USD 1.79 billion in 2025 and is expanding at a CAGR of 9.47% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2025
  • Report Code : 1463
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Automated Guided Vehicle Market, By Type

7.1. Automated Guided Vehicle Market, by Type

7.1.1. Unit Load Carriers

7.1.1.1. Market Revenue and Forecast

7.1.2. Tow Vehicles

7.1.2.1. Market Revenue and Forecast

7.1.3. Pallet Trucks

7.1.3.1. Market Revenue and Forecast

7.1.4. Forklift Trucks

7.1.4.1. Market Revenue and Forecast

7.1.5. Assembly Line Vehicles

7.1.5.1. Market Revenue and Forecast

Chapter 8. Global Automated Guided Vehicle Market, By Navigation Technology

8.1. Automated Guided Vehicle Market, by Navigation Technology

8.1.1. Magnetic Guidance

8.1.1.1. Market Revenue and Forecast

8.1.2. Laser Guidance

8.1.2.1. Market Revenue and Forecast

8.1.3. Inductive Guidance

8.1.3.1. Market Revenue and Forecast

8.1.4. Vision Guidance

8.1.4.1. Market Revenue and Forecast

8.1.5. Natural Navigation

8.1.5.1. Market Revenue and Forecast

8.1.6. Others

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Automated Guided Vehicle Market, By Application

9.1. Automated Guided Vehicle Market, by Application

9.1.1. Logistics and Warehousing

9.1.1.1. Market Revenue and Forecast

9.1.2. Assembly

9.1.2.1. Market Revenue and Forecast

9.1.3. Packaging

9.1.3.1. Market Revenue and Forecast

9.1.4. Trailer Loading and Unloading

9.1.4.1. Market Revenue and Forecast

9.1.5. Raw Material Handling

9.1.5.1. Market Revenue and Forecast

9.1.6. Others

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Automated Guided Vehicle  Market, By Industry

10.1. Automated Guided Vehicle Market, by Industry

10.1.1. Food & Beverage

10.1.1.1. Market Revenue and Forecast

10.1.2. Automotive

10.1.2.1. Market Revenue and Forecast

10.1.3. Manufacturing

10.1.3.1. Market Revenue and Forecast

10.1.4. Retail

10.1.4.1. Market Revenue and Forecast

10.1.5. Logistics

10.1.5.1. Market Revenue and Forecast

10.1.6. Others

10.1.6.1. Market Revenue and Forecast

Chapter 11. Global Automated Guided Vehicle  Market, By End-use

11.1. Automated Guided Vehicle  Market, by End-use

11.1.1. Manufacturing Sector

11.1.1.1. Market Revenue and Forecast

11.1.2. Wholesale and Distribution Sector

11.1.2.1. Market Revenue and Forecast

Chapter 12. Global Automated Guided Vehicle  Market, By Component

12.1. Automated Guided Vehicle  Market, By Component

12.1.1. Hardware

12.1.1.1. Market Revenue and Forecast

12.1.2. Software

12.1.2.1. Market Revenue and Forecast

12.1.3. Service

12.1.3.1. Market Revenue and Forecast

Chapter 13. Global Automated Guided Vehicle  Market, By Battery

13.1. Automated Guided Vehicle Market, by Battery

13.1.1. Lead Battery

13.1.1.1. Market Revenue and Forecast

13.1.2. Lithium-ion Battery

13.1.2.1. Market Revenue and Forecast

13.1.3. Nickel-based Battery

13.1.3.1. Market Revenue and Forecast

13.1.4. Others

13.1.4.1. Market Revenue and Forecast

Chapter 14. Global Automated Guided Vehicle Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Type

14.1.2. Market Revenue and Forecast, by Navigation Technology

14.1.3. Market Revenue and Forecast, by Application

14.1.4. Market Revenue and Forecast, by Industry

14.1.5. Market Revenue and Forecast, by End-use

14.1.6. Market Revenue and Forecast, by Battery

14.1.7. Market Revenue and Forecast, by Component

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Type

14.1.8.2. Market Revenue and Forecast, by Navigation Technology

14.1.8.3. Market Revenue and Forecast, by Application

14.1.8.4. Market Revenue and Forecast, by Industry

14.1.8.5. Market Revenue and Forecast, by End-use

14.1.8.6. Market Revenue and Forecast, by Battery

14.1.8.7. Market Revenue and Forecast, by Component

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Type

14.1.9.2. Market Revenue and Forecast, by Navigation Technology

14.1.9.3. Market Revenue and Forecast, by Application

14.1.9.4. Market Revenue and Forecast, by Industry

14.1.9.5. Market Revenue and Forecast, by End-use

14.1.9.6. Market Revenue and Forecast, by Battery

14.1.9.7. Market Revenue and Forecast, by Component

14.2. Europe

14.2.1. Market Revenue and Forecast, by Type

14.2.2. Market Revenue and Forecast, by Navigation Technology

14.2.3. Market Revenue and Forecast, by Application

14.2.4. Market Revenue and Forecast, by Industry

14.2.5. Market Revenue and Forecast, by End-use

14.2.6. Market Revenue and Forecast, by Battery

14.2.7. Market Revenue and Forecast, by Component

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Type

14.2.8.2. Market Revenue and Forecast, by Navigation Technology

14.2.8.3. Market Revenue and Forecast, by Application

14.2.8.4. Market Revenue and Forecast, by Industry

14.2.8.5. Market Revenue and Forecast, by End-use

14.2.8.6. Market Revenue and Forecast, by Battery

14.2.8.7. Market Revenue and Forecast, by Component

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Type

14.2.9.2. Market Revenue and Forecast, by Navigation Technology

14.2.9.3. Market Revenue and Forecast, by Application

14.2.9.4. Market Revenue and Forecast, by Industry

14.2.9.5. Market Revenue and Forecast, by End-use

14.2.9.6. Market Revenue and Forecast, by Battery

14.2.9.7. Market Revenue and Forecast, by Component

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Type

14.2.10.2. Market Revenue and Forecast, by Navigation Technology

14.2.10.3. Market Revenue and Forecast, by Application

14.2.10.4. Market Revenue and Forecast, by Industry

14.2.10.5. Market Revenue and Forecast, by End-use

14.2.10.6. Market Revenue and Forecast, by Battery

14.2.10.7. Market Revenue and Forecast, by Component

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Type

14.2.11.2. Market Revenue and Forecast, by Navigation Technology

14.2.11.3. Market Revenue and Forecast, by Application

14.2.11.4. Market Revenue and Forecast, by Industry

14.2.11.5. Market Revenue and Forecast, by End-use

14.2.11.6. Market Revenue and Forecast, by Battery

14.2.11.7. Market Revenue and Forecast, by Component

14.3. APAC

14.3.1. Market Revenue and Forecast, by Type

14.3.2. Market Revenue and Forecast, by Navigation Technology

14.3.3. Market Revenue and Forecast, by Application

14.3.4. Market Revenue and Forecast, by Industry

14.3.5. Market Revenue and Forecast, by End-use

14.3.6. Market Revenue and Forecast, by Battery

14.3.7. Market Revenue and Forecast, by Component

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Type

14.3.8.2. Market Revenue and Forecast, by Navigation Technology

14.3.8.3. Market Revenue and Forecast, by Application

14.3.8.4. Market Revenue and Forecast, by Industry

14.3.8.5. Market Revenue and Forecast, by End-use

14.3.8.6. Market Revenue and Forecast, by Battery

14.3.8.7. Market Revenue and Forecast, by Component

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Type

14.3.9.2. Market Revenue and Forecast, by Navigation Technology

14.3.9.3. Market Revenue and Forecast, by Application

14.3.9.4. Market Revenue and Forecast, by Industry

14.3.9.5. Market Revenue and Forecast, by End-use

14.3.9.6. Market Revenue and Forecast, by Battery

14.3.9.7. Market Revenue and Forecast, by Component

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Type

14.3.10.2. Market Revenue and Forecast, by Navigation Technology

14.3.10.3. Market Revenue and Forecast, by Application

14.3.10.4. Market Revenue and Forecast, by Industry

14.3.10.5. Market Revenue and Forecast, by End-use

14.3.10.6. Market Revenue and Forecast, by Battery

14.3.10.7. Market Revenue and Forecast, by Component

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Type

14.3.11.2. Market Revenue and Forecast, by Navigation Technology

14.3.11.3. Market Revenue and Forecast, by Application

14.3.11.4. Market Revenue and Forecast, by Industry

14.3.11.5. Market Revenue and Forecast, by End-use

14.3.11.6. Market Revenue and Forecast, by Battery

14.3.11.7. Market Revenue and Forecast, by Component

14.4. MEA

14.4.1. Market Revenue and Forecast, by Type

14.4.2. Market Revenue and Forecast, by Navigation Technology

14.4.3. Market Revenue and Forecast, by Application

14.4.4. Market Revenue and Forecast, by Industry

14.4.5. Market Revenue and Forecast, by End-use

14.4.6. Market Revenue and Forecast, by Battery

14.4.7. Market Revenue and Forecast, by Component

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Type

14.4.8.2. Market Revenue and Forecast, by Navigation Technology

14.4.8.3. Market Revenue and Forecast, by Application

14.4.8.4. Market Revenue and Forecast, by Industry

14.4.8.5. Market Revenue and Forecast, by End-use

14.4.8.6. Market Revenue and Forecast, by Battery

14.4.8.7. Market Revenue and Forecast, by Component

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Type

14.4.9.2. Market Revenue and Forecast, by Navigation Technology

14.4.9.3. Market Revenue and Forecast, by Application

14.4.9.4. Market Revenue and Forecast, by Industry

14.4.9.5. Market Revenue and Forecast, by End-use

14.4.9.6. Market Revenue and Forecast, by Battery

14.4.9.7. Market Revenue and Forecast, by Component

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Type

14.4.10.2. Market Revenue and Forecast, by Navigation Technology

14.4.10.3. Market Revenue and Forecast, by Application

14.4.10.4. Market Revenue and Forecast, by Industry

14.4.10.5. Market Revenue and Forecast, by End-use

14.4.10.6. Market Revenue and Forecast, by Battery

14.4.10.7. Market Revenue and Forecast, by Component

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Type

14.4.11.2. Market Revenue and Forecast, by Navigation Technology

14.4.11.3. Market Revenue and Forecast, by Application

14.4.11.4. Market Revenue and Forecast, by Industry

14.4.11.5. Market Revenue and Forecast, by End-use

14.4.11.6. Market Revenue and Forecast, by Battery

14.4.11.7. Market Revenue and Forecast, by Component

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Type

14.5.2. Market Revenue and Forecast, by Navigation Technology

14.5.3. Market Revenue and Forecast, by Application

14.5.4. Market Revenue and Forecast, by Industry

14.5.5. Market Revenue and Forecast, by End-use

14.5.6. Market Revenue and Forecast, by Battery

14.5.7. Market Revenue and Forecast, by Component

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Type

14.5.8.2. Market Revenue and Forecast, by Navigation Technology

14.5.8.3. Market Revenue and Forecast, by Application

14.5.8.4. Market Revenue and Forecast, by Industry

14.5.8.5. Market Revenue and Forecast, by End-use

14.5.8.6. Market Revenue and Forecast, by Battery

14.5.8.7. Market Revenue and Forecast, by Component

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Type

14.5.9.2. Market Revenue and Forecast, by Navigation Technology

14.5.9.3. Market Revenue and Forecast, by Application

14.5.9.4. Market Revenue and Forecast, by Industry

14.5.9.5. Market Revenue and Forecast, by End-use

14.5.9.6. Market Revenue and Forecast, by Battery

14.5.9.7. Market Revenue and Forecast, by Component

Chapter 15. Company Profiles

15.1. Swisslog Holding AG

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. AGVE Group

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. JBT

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Hyster-Yale Materials Handling, Inc.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Toyota Advanced Logistics

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. KION GROUP AG

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Heartland Automation LLC

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. E&K Automation GmBH

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Daifuku

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. SSI Schaefer

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Term

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Frequently Asked Questions

The global automated guided vehicle market size was reached at USD 5.27 billion in 2024 and is expected to surpass around USD 12.99 billion by 2034.

The global automated guided vehicle market is growing at a CAGR of 9.44% from 2025 to 2034.

The automated guided vehicle demand is expected to increase as a result of increasing industrialization, particularly in non-traditional industries in Asia-Pacific’s emerging economies. Due to their widespread applications, market players of automated guided vehicles are projected to benefit from the growth in the manufacturing industry.

The major players operating in the automated guided vehicle market are Swisslog Holding AG, AGVE Group, JBT, Hyster-Yale Materials Handling, Inc., Toyota Advanced Logistics, KION GROUP AG, Heartland Automation LLC, E&K Automation GmBH, Daifuku, SSI Schaefer.

The Europe segment dominated the global automated guided vehicle market in 2024, in terms of revenue and is estimated to sustain its dominance during the forecast period.

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