By 2030, the automated guided vehicles market is anticipated to reach USD 3.39 billion, exhibiting a CAGR of 7.50%. :

Market Research Future Insights

An automated vehicle, also known as an autonomous car, is any vehicle that can drive itself. This includes both self-driving vehicles and driverless vehicles. The improving economic climate and the demand for mass production is driving the market for automated guided vehicles. Numerous businesses that handle distribution and transportation utilize automated guided vehicles. In several manufacturing businesses, these are automated handling machines programmed to handle carts, pallets, trays, and other items. One of the important automated guided vehicles market trends is the use of these vehicles in industries to increase productivity, efficiency, and safety, leading to significant financial gain.

There are numerous instances where various safety hazards occur in enterprises. Numerous sectors are becoming dependent on automated guided vehicles for efficiency and safety precautions because many lives have been lost. One benefit of automated guided vehicles is a drop in labor costs; employing the vehicle reduces manual work, which significantly impacts production.

The demand for high efficiency across various industries, including e-commerce, healthcare, and food and beverage, fuels the expansion of automation. By incorporating automation vehicles into their operations, several sectors can decrease the time human error takes to produce while improving safety and productivity. The market's amenities contribute to the market's expansion 

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Market Segmentation

The automated guided vehicles market is segmented by type, navigation technology, application, industry, and mode of operation.

By type, the market is divided into TOW vehicles, unit load carriers, pallet trucks, assembly line vehicles, and forklift trucks.

By navigation technology, the market is divided into laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others.

By application, the market is divided into transportation, distribution, storage, assembly, packaging, and waste handling.

By industry, the market is divided into automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, retail, and others.

By mode of operation, the market is divided into indoor and outdoor.

Regional Analysis

The market for automated guided vehicles is being researched in several areas, including Europe, North America, Asia-Pacific, and others. The market is rising due to increased application in household, industrial, and commercial settings and the development of robotics and automation technology. The high demand for electronics and retail goods in European nations is expanding the automated guided vehicles market share. Many market participants in Germany focus on energy-efficient solutions, which boost productivity and efficiency. Mobile technologies and linked devices also support the market. The vehicle is customized for numerous sectors, which propels the market ahead.

North American businesses have been utilizing cutting-edge technologies for a long time, which drives the market in this region. Due to the rapid growth of e-commerce in China, India, and Japan, Asia-Pacific's automated guided vehicles market share is expanding consistently, offering a lucrative opportunity for the market. The market in Europe and Latin America will be stimulated by industry 4.0 and enhanced automation.

Key Players

The companies that are contributing to the market and keeping up with the automated guided vehicles market trends are

  • Seegrid Corporation (US)

  • KUKA AG (Germany)

  • Hyster-Yale Materials Handling Inc. (the US)

  • Jungheinrich AG (Germany)

  • Daifuku Co. Ltd (Japan)

  • Toyota Industries Corporation (Japan)


  • E&K Automation GmbH (Germany)

  • Crown Equipment Corporation (US)

  • JBT Corporation (US)

  • KION GROUP AG (Germany)

  • SCOTT (New Zealand)

  • Meidensha Corporation (Japan)