Global Automated Guided Vehicle Market 2021-2026

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    Published- May 2021

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    AGV (Automated Guided Vehicle) is a portable robot that follows a particular path designed to it. The path can be given as marked long lines, or wires on floor, or radio waves, or magnetic tapes, or vision cameras, or laser navigation. They are most often used in industrial applications to transport heavy materials around a large industrial building, such as a factory or warehouse.


    AGVs are programmed to ensure security & safety and come installed with cameras, lasers and other sensors that allow them to safely operate within the industry, plant or company. Increased safety leads to reduced cost and operational downtime, which, in turn, increases the productivity of many operations. 


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    The growth of the AGV market is driven by growing demand for automation in material handling across industries, shift in demand from mass production to mass customization, rising popularity of e-commerce owing to COVID-19, and improved safety standards at workplaces.


    Moreover, industrial growth in emerging economies, presence of intralogistics sector in Southeast Asia, and rising adoption of industrial automation by SMEs is likely to fuel the growth of the market.




    Sl. no. Company Name Model Application Capacity Type
    1 KUKA KUKA Mobile platform 1500 handles the transport of products through process steps 1500kg Intelligent & Autonomous mobile platform
    KUKA Navigation solution mobile robots perform driving and handling tasks in fully self-contained manner flexible Material movement
    KUKA triple lift maintenance, repairs and overhauls (MRO) 1000kg, 8m in 120 sec Triple lift
    2 SSI Schafer Low lifters load carrier between transfer stations upto 200mm parallel to ground Heavy Load carrier
    High lifters picked up and placed on transfer stations at low heights upto 8.5m
    Very Narrow Aisle (VNA) specially developed for use in warehouses with narrow aisles
    WEASEL Automating transport tasks 35kg Small load carrier
    Compact Automating transport tasks upto 100kg
    3 Toyota Industries Tug Cart Movement of assembly workbenches flexible Material movement
    High speed rail guided vehicle system Sorting 1000kg Sorting
    4 E&K Automation VARIO Move L High lift transport Transport and material flow
    VARIO Move CB automatic counterweight transport 1600kg
    VARIO MOVE CTO Surface moving transport with conveyors
    VARIO MOVE CTO Transport with conveyor technology
    VARIO MOVE AS High lift transport with external radars 1600kg
    SMJART MOVE L14 Automated high lift truck Forklift
    Universal Counterweight forklift Automated high lift truck with laser navigation 600,1000,1200,1600 kgs
    Driverless tug High towing capacity 5000kg Trailer puller
    Smart move ERE 225 Automated low lift trucks 2500kg Material movement
    5 Oceaneering CompactMover Vehicle move small, light loads such as paleets, metal boxes and plastic totes upto 2000kg,  1.9m/s Material movement
    MaxMover Vehicle transport heavy loads with various sizes upto 7000kg forklifts
    UniMover Vehicle Single and multi-load carrier, Omnidirectional/Unidirectional upto 3000kg, 1.6m/s tunneling vehicles




    Lights-out automation has been the intended result for various manufacturing facilities. Lights-out automation involves fully automated systems for various components in manufacturing.


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    Warehouses run completely based on automation which eliminates the need for additional costs for lighting. A majority of the factories have been trying to limit human intervention, to limit the scope for errors and increase productivity.


    Automated Guided Vehicle Market Push Towards Greater Efficient Processes

    The overall need for high efficiency in automotive, healthcare, e-commerce, and food & beverages industries is increasing the demands for automation.


    The AGV-enabled automation of industrial facilities can help meet the requirements related to material handling capacity, along with reducing production time, lessening the chances of human errors, enhancing safety, ensuring high production volumes, and increasing accuracy and repeatability.


    Automated Guided Vehicle Market Industry 4.0 Movement

    Traditional industrial facilities are slowly evolving into smart, connected, and highly efficient automated facilities by integrating Industry 4.0 with automation systems. Industry 4.0 is capable of converting an industrial facility into an autonomous plant.


    It combines computers and industrial automation solutions with the help of robotics to form a single automated unit. The network of connected devices creates a smart architecture capable of taking decentralized decisions. The growth of Industry 4.0 is changing the functioning of warehouses. Industry 4.0 also aims to create an operational environment wherein humans and robots can work together efficiently.


    Automated Guided Vehicle Market Developing Countries as An Alternative

    Low labour prices in emerging economies such as India, Bangladesh, and Tanzania restrict the adoption of automation across the industries in these countries. The automation of industrial facilities makes little or no economic sense in these countries where abundant cheap labour is readily available.


    In India, automation in manufacturing facilities is less prevalent than their foreign counterparts, since the cost advantage in labour trade-off with robots is less due to the availability of cheap labour. Moreover, emerging countries such as Bangladesh, Cuba, and Tanzania have low average daily wages. The companies in emerging countries are reluctant to invest in automated equipment, such as AGVs, due to the availability of low-cost labours.


    E-Commerce And Online Retail Driving the Market

    The retail industry’s growth is primarily driven by the increasing demand from e-commerce, primarily for automated warehouse solutions.


    According to the e-commerce Europe report, the region’s online-sales increased by 13% in 2019, and total sales were valued at EUR 621 billion, and the concentration of the market is expected to be focused in Western Europe, a majority of the turnover from the B2C platform is from the region (66%). Owing to such developments, vendors in the market are increasingly adopting automation.





    SI No Timeline Developments
    1 Q4-2021 The high performance laser guided automated vehicles are used in deep freeze warehouses for the pallet movements for the faster, safer and increased performance of work and also reduces human efforts.
    2 Q4-2021 Natural navigation provider for AMRs and AGVS, BlueBotics to expand its market in Asian regions by partnering with factory automation specialist Planet T & S Co Ltd for the Thailand automated guided vehicle market.
    3 Q4-2021 Due to labour shortages and increased demand for production industries are adopting automated guided vehicles for the induced production capacity, quality and reduced labor costs.
    4 Q3-2021 Mitsubishi to implement automated guided vehicles for the packaging company DS Smith to maximize sustainability and efficiency.


    Owing to rapid technological advancements in robotics and automation, the manufacturing sector has witnessed increased adoption of technology into its production process. Manufacturers are considering factors such as load, orientation, speed, precision, duty cycle, travel, and environment before selecting the robot that will be the most effective and profitable in their manufacturing plant.


    The global Automated Guided Vehicle market growth is primarily driven by the rising e-commerce industry and growing adoption of automation in warehouses for efficient and smooth operations. The use of Automated Guided Vehicle helps the manufacturers to achieve enhanced quality and reliability in warehouse operations.


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    Moreover, factors such as shortage of skilled workforce and high labour costs also drive the adoption of AGV across various industries worldwide. Several organizations have implemented automated guided vehicle solutions to reduce their labour costs and improve efficiency. Although the initial cost of procuring a robot is high, once implemented, it offers high productivity, efficiency, and profits.


    The increasing automation in the material handling process has aided the industries to have connected factories equipped with big data, machine learning, etc., ensuing embracing of automated material handling systems.


    Companies such as Amazon, Walmart, Alibaba, etc., are focusing on the automation of material handling processes to reduce the operation cost and increase the inventory size. This aids them in improved quality control, and enhanced labour management.


    Amid the ongoing outbreak of COVID-19 across the region, hospitals have also been seen increasingly using AGVs for delivering medicines to the patients while reducing human interventions. For instance, in March 2020, Homagama Base Hospital in Sri Lanka has mentioned deploying AVG for assisting the treatment of persons suspected of COVID-19 virus.





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    SI No Timeline Company Developments
    1 Q4-2021 GECOM Corporation GECOM Corporation introduced advanced automatic guided vehicles using navigation and control technologies for the lineside delivery and pickup automation.
    2 Q4-2021 Continental German company Continental unveiled its new automatic guided vehicle to improve production operations, the robot can lift heavy loads more than tons and testing autonomously for the brake production.
    3 Q4-2021  Balyo Robotic startup Balyo supplies automated guided vehicle robots for warehouses and factories around the world to increase efficiency of production with minimal monitoring and interference.Q3
    4 Q4-2021 Audi Audi to use automated guided vehicles for intralogistics transport at its manufacturing site Neckarsulm, Germany where Audi R8 is manufactured.


    Tow vehicles, also known as tuggers, pull non-powered carts carrying huge loads. This is the most productive type of AGV used for towing and tugging as it can move more load with multiple trailers than a single fork truck.


    The companies are focusing on operating in a more efficient manner due to the growing pressure on retail companies to meet the ever-increasing demand of its customers. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the AGV market.


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    The growth of the laser-guided AGVs market can be attributed to their flexibility, scalability, and accuracy of the laser guidance technology. It also improves safety, increases throughput, and minimizes downtime. Laser guidance is the most flexible system for vehicle movement and offers accurate navigation. It allows the vehicles to operate in a warehouse without the need for invasive barriers.


    APAC is likely to be the fastest-growing region in the AGV market. China and Japan are the countries driving the growth of the AGV market in APAC. The rapid growth of automotive, e-commerce, food & beverages, and healthcare industries in emerging economies, such as China, India, and South Korea, has contributed to the growth of the AGV market in APAC.


    Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which can be best achieved by the implementation of AGVs. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. This has impacted the demand for AGV in 2020.


    Toyota Industries Corporation (TICO) will combine its software development in autonomous vehicles (AVs), raise its global investments, and establish T-Hive B.V. as a new centre of competence to satisfy the growing demands of its customers.


    TICO’s main brands solution portfolio will be significantly strengthened and expanded by combining the software products, partnerships, and innovations from TICO’s main Group companies, Toyota L&F, Toyota Material Handling, Toyota Material Handling Europe, Raymond, Bastian Solutions, and Vanderlande, and their respective brands.


    The need for AVs has risen in recent years, owing to the rapid growth of the e-commerce business, general labour shortages, and the requirement for flexibility.


    Flexibility in operations, application regions, and vehicle type, as well as the ability to deploy AV solutions globally, have become increasingly significant. To help TICO’s customer-facing companies, T-Hive was created to centrally manage all developments, use current solutions for new market sectors, and expedite innovation globally.


    T-major Hive’s goal will be to provide a unified control system for all automated guided forklifts (AGFs), automated guided vehicles (AGVs), and autonomous mobile robots inside TICO (AMRs).


    TICO’s customers will be able to enjoy seamless transportation, storage, and distribution of goods throughout their entire supply chains thanks to the unified solution portfolio, which will be launched at logistics facilities around the world.






    SI No Timeline Company Developments
    1 Q4-2021 Dematic US based material handling systems, softwares and services provider Dematic made $3.2 billion revenue in 2021 with 21.2% growth rate. Dematic’s product demand increased during the pandemic because of a surge in automation.
    2 Q4-2021 Daifuku Co. Ltd. Japanese material handling company Daifuku Co. Ltd., made INR 12320 crore in september 2021 with 6.17% year over year growth.
    3 Q4-2021 Hyster-Yale Material Handling Hyster-Yale Material Handling, announced its third quarter earnings of $748 million revenue with a net loss of $77 million, the decrease in revenue from last year’s quarter due to the production and shipment disrupted by components availability.
    4 Q2-2021


     Seegrid Autonomous robots developer for material handling company Seegrid announced its revenue doubled year over year due to increased demand for automation technology in e-commerce, logistics and manufacturing companies.


    The market players in the automated guided vehicle market are focusing on expanding through strategic interventions, such as acquisitions, collaborations, expansion and launching advanced products in the automated guided vehicle market.  


    Factors such as the digital transformation and the advent of integrated Industry 4.0 with IoT, will provide considerable growth opportunities to automated guided vehicle industries.


    In 2018, Nidec-Shimpo launched new versions of its automated guided vehicle, the S-Cart. The new model to be launched by Nidec-Shimpo is based on the company’s guideless navigation AGV “S-Cart” – the 100 kg payload version – that hit the market in 2016, and has been updated with a function that lets it track and follow a person or object.


    In March-2020, Seegrid Corporation raised USD 25 million in an equity funding round led by venture capital firm G2VP. The company has mentioned that the funding is driven due to the COVID-19 outbreak, and industry requires non-essential workers to adhere to social distancing along with plenty of industrial roles that need people to be physically present.



    In February-2020, China-based robotics firm – Geek+ specialized in robotics technologies for logistics, announced plans to expand its operations in the United States. The company has inaugurated its office in California to manage robotic warehouse and smart factory projects in the country.






    1. Automated Guided Vehicle Market size and Forecast, by region, by application
    2. Average B-2-B price for Automated Guided Vehicle Market, by region, per user
    3. Technology trends and related opportunity for new Automated Guided Vehicle Market tech suppliers
    4. Automated Guided Vehicle Market share of leading vendors, by region,
    5.  Coronavirus impact on Automated Guided Vehicle Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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