Automated Guided Vehicles (AGVs) Market Likely to Surpass USD 11.9 Bn by 2035 | MarketDigits

MarketDigits has published a new report titled, “Automated Guided Vehicles (AGVs) Market Size, Share, Growth Opportunity Analysis Report by Type (Forklift Vehicle, Assembly Line Vehicles, Automatic Guided Cart (AGC), Towing Vehicles, Unit Load Carrier, Pallet Truck, Autonomous Mobile Robots, and Others (Tuggers, etc.)), Technology, Battery Type, Battery Capacity, Load Capacity, End-use Industry, and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) - Global Industry Data, Trends, and Forecasts, 2025‒2035”.

According to the report, the global Automated Guided Vehicle (AGV) market is projected to surpass USD 11.9 Bn by 2035, expanding at a CAGR of 8.0% during the forecast period.

Global Automated Guided Vehicle (LEV) Market:

According to the report, the global Automated Guided Vehicle (LEV) market is expected to expand at a CAGR of 8.0% from 2025 to 2035. Automated Guided Vehicles (AGVs) are in great demand, especially by local urban and semi-urban commuters for compact and cost-effective means for short distance travelling as well as for last-mile delivery in the ever-growing quick commerce and green city commuting.

Automated Guided Vehicles (AGVs) Next-Gene Automation: AI integration, New Tech Progress, E-commerce drive the fast market growth

Automated Guided Vehicle (AGV) market is experiencing a transformation globally, which is estimated to increase from USD 5.1 Bn in 2024 to USD 11.9 Bn in 2035. This growth is happening due to the specially improved activities for new market and geography. Automation becomes a major impact in modern industry because of their extended role in rapid use in technologies and streamlining processes in industries.

One of the most important drivers for this is interaction of technique such as artificial intelligence (AI), Internet of Things (IoT) and machine learning. Due to these technologies the method of working with AGV is completely changed, enabling them to work more in a sophisticated environment with negligible human intervention. Like Vision based navigation system and Lidar (light detection and range) make it possible to freely map and learn about their atmosphere for AGVs, and making a big difference in performance and efficiency.

Warehouse is an important factor in changing the automation in online retail. With increasing demand for consumers, companies are looking for intelligent warehouse functioned by AGVs for smooth operation with increased accuracy and minimum dependence on labor.

"Tariff Traps & Supply Chain Shifts”: Navigating the AGV Industry’s Global Disruption"

Trade wars and trump tariffs can disrupt global supply chains, which increases the delays in sourcing of components and clearly forcing manufacturers to relocate production or find alternative suppliers.  Due to the Tariffs on imported components or finished AGVs can directly increase the price of final product due to the high cost of production.

The ongoing trade tension between the US and China have led to tariffs on a wide range of goods, including some that may be used in the production of AGVs.

Investing in a new technologies like AI and predictive analysis can make a big change for manufacturers for managing their supply chain.

Expansion of Global Automated Guided Vehicle (AGVs) Market

“Driving the Future: AI, Robotics & customization in AGVs”

As industries around the world are in the race to be smarter and more sustainable in their automation, and the need for Automated Guided Vehicle is increasing at very high rate. Advances in AI, robotics, sensor and machine learning are creating the change, making AGVs to more autonomous, flexible and intelligent across multiple industries. Many companies are combining AGVs with warehouse Management System (WMS), IOT platforms and 5G network, making them to react with real time decision making, predictive maintenance.

Regional Analysis of Global Automated Guided Vehicle (AGVs) Market

• In terms of region, the global Automated Guided Vehicle (AGVs) market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. 
• Asia-Pacific, with big manufacturing giants China and India are at the face, is likely to experience the highest CAGR in the AGV industry, generated due to high industrialization, increasing e-commerce, increasing investments in high-end automation, and the increasing demand for effective warehouse and inventory management in industries like automotive, food, retail and beverages.

Prominent players operating in the global automated guided vehicle (AGV) market include Daifuku, JBT, KION Group AG, Jungheinrich AG, Hyster-Yale Material Handling, SSI Schaefer, Dematic, Seegrid Corporation, Bastian Solutions, Murata Machinery, Swissloog, E&K Automation, Transbotics Corporation, AGILOX, Zebra Technologies Corporation, Clearpath Robotics, inVia Robotics Inc and others.

Get the complete view on 180 Pages Market Research Report on Automated Guided Vehicles

The global automated guided Vehicle (AGV) market has been segmented as follows:

Global Automated Guided Vehicle (AGV) Market Analysis, by Type

• Forklift Vehicle
• Assembly Line Vehicles
• Automatic Guided Cart (AGC)
• Towing Vehicles
• Unit Load Carrier
• Pallet Truck
• Autonomous Mobile Robots
• Others (Tuggers, etc.)

Global Automated Guided Vehicle (AGV) Market Analysis, by Technology

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

Global Automated Guided Vehicle (AGV) Market Analysis, by Battery Type

• Lithium -ion Batteries
• Lead Acid Batteries
• Nickel -based Batteries
• Others

Global Automated Guided Vehicle (AGV) Market Analysis, by Battery Capacity

• Less than 20 Ah
• 21 Ah to 50 Ah
• 51 Ah to 100 Ah
• 101 to 150 Ah
• More than 150 Ah

Global Automated Guided Vehicle (AGV) Market Analysis, by Load Capacity

• Up to 50 KG
• 51 KG to 100 KG
• 101 KG to 250 KG
• 251 KG to 500 KG
• 501 KG to 1,000 KG
• 1,000 KG to 2,000 KG
• 2,000 KG to 5,000 KG
• More than 5,000 KG

Global Automated Guided Vehicle (AGV) Market Analysis, by End-use Industry

• Automotive
• Aerospace
• Chemical/ Energy
• Facility Management
• Food/ Beverages
• Healthcare/ Pharmaceutical
• Manufacturing
• Mining & Construction
• Ports/ Terminals
• Retail/ E-commerce (Supply Chain)
• Transport/ Logistics/ Warehousing
• Others

Global Automated Guided Vehicle (AGV) Market Analysis, by Region

• North America
• Europe
• Asia Pacific
• Middle East
• Africa
• South America

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