Discover Top 50 Companies in Automated Guided Vehicle Market: Global Share, Market Size, Revenue Report (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According To a research report published by Spherical Insights & Consulting, The Global Automated Guided Vehicle Market Size is Projected To Grow from USD 4.88 Billion in 2024 to USD 13.65 Billion by 2035, at a CAGR of 9.8% during the forecast period 2025-2035. The market for automated guided vehicles is in greater demand due to the increasing adoption of automation solutions in material handling processes and the improvement of workplace safety with the growth of e-commerce. The logistics and transportation industries are utilizing automated guided vehicles, supporting automated applications to enhance overall operational performance.
Introduction
An automated guided vehicle is a portable robot, different from autonomous mobile robots, widely used during the late 20th century. Automated guided vehicles (AGVs) are used for transporting heavy materials around large buildings, including factories and warehouses. They follow along pre-defined marked long lines or wires on the floor, or use radio waves, vision cameras, magnets, or lasers for navigation. The adoption of AGVs for material handling with automation has enhanced the safety and productivity compared to manual operations. IoT technologies enabling real-time data sharing and monitoring for enhanced operational efficiency, predictive maintenance, and optimized resource allocation to meet the striving business need for smarter and more efficient supply chain and warehouse operations.
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Automated Guided Vehicle Market Size & Statistics
- The Market Size for Automated Guided Vehicle Was Estimated to be worth USD 4.88 Billion in 2024.
- The Market is Going to Expand at a CAGR of 9.8% between 2025 and 2035.
- The Global Automated Guided Vehicle Market Size is anticipated to reach USD 13.65 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Automated Guided Vehicle Market
- North America is expected to grow the fastest during the forecast period in the Automated Guided Vehicle Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the automated guided vehicle market. The market for automated guided vehicles is growing in the region due to an increase in the volume of export and import operations. Further, an increasing automation technology in logistics companies aids in streamlining warehouse operations and maximizing efficiency.
Asia Pacific is expected to generate the highest demand during the forecast period in the automated guided vehicle market. Cost-effective accessibility to economical automation services and increased production in the automotive industry are driving the market. In developing nations like China, India, and Japan, neighboring countries, growing e-commerce significantly contributes to the market growth of automated guided vehicle.
Top 10 trends in the Automated Guided Vehicle Market
- Integration with Industry 4.0 Technologies
- Autonomous Navigation Capabilities
- Collaborative Robots (Cobots) Integration
- Energy Efficiency and Sustainability
- Cloud-Based Fleet Management
- AI in automated guided vehicles
- Integration of AGVs with IoT
- Autonomous Mobile Robots
- Expanding applications in e-commerce and retail
- Use of collaborative mobile robots
1. Integration with Industry 4.0 Technologies
Integration of Industry 4.0 technologies in AGVs involves the interconnection with smart sensors, IoT devices, and cloud-based platforms for real-time data exchange and decision-making. Further, the use of sensor data enables improved monitoring and control of systems. By demonstrating IoT and CPS concepts, manufacturing becomes flexible and intelligent in smart factories, resulting in more individualized products, allowing for a modular structure in factories. These are valuable assets for businesses aiming to optimize their operations and stay competitive in an evolving industrial landscape.
2. Autonomous Navigation Capabilities
Advanced autonomous navigation capabilities are eliminating the need for physical infrastructure like guide wires or markers. It includes vision systems, LiDAR, and advanced algorithms that enable AGVs to navigate and adapt to their surroundings independently, thereby decreasing the amount of manual work required by the operators. Automatic tasks include planner, perception, path planning, and path tracking, which the industrial vehicle must perform to accomplish the task required by the operator.
3. Collaborative Robots (Cobots) Integration
A combination of AGVs and cobots is creating a highly flexible system that can quickly adapt to changing production requirements. These benefits enable people to work with safety barriers, whereas conventional robot arms cannot. Integration of cobots and AGVs is beneficial for companies due to increased efficiency, reduced costs, increased safety, and scalability.
4. Energy Efficiency and Sustainability
In order to enhance the sustainability of the logistics process, an energy-efficient path planning model is formulated for a multi-load AGV in order to execute multiple transport tasks in a manufacturing workshop environment. Battery technology, intelligent energy management systems, and regenerative braking are some of the factors that aid in the development of sustainable AGV solutions.
5. Cloud-Based Fleet Management
Cloud-based fleet management offers scalable, flexible, and cost-efficient solutions, facilitating centralized control, remote monitoring, and enhanced data analytics. Organizations are empowered to optimize processes, boost agility, and future-proof their logistics and manufacturing workflows. By embracing the cloud, businesses can unlock the true potential of compact AGVs, driving efficiency and innovation in an increasingly competitive market.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the automated guided vehicle market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Automated Guided Vehicle Market
- BMW AG
- Mazda Motor
- Nissan
- KUKA
- Renault S.A.
- COMPAS
- Volkswagen
- Swindon Pressing Ltd.
- KION GROUP AG
- Rohm Co. Ltd.
- Cepton Technologies Ltd.
- Nippon Chemi-Con Corp.
- Daifuku
- Hyster-Yale Materials Handling, Inc.
- AB SFk
- Swisslog Holding AG
- Faurecia SE
- Toyota Industries Corp.
- Ichikoh Industries, Ltd.
- Nidec Corp.
1. BMW AG
Headquarters: Munich, Germany
BMW AG is the world’s leading manufacturer of premium cars and motorcycles and a provider of premium financial and mobility services. The company operates over 30 production sites around the world and a global sales network. Since 2022, the company has been testing Automated Driving In-Plant (AFW) for new vehicles at its largest European plant in Dingolfing. The BMW Group is systematically advancing the digitalisation and automation of its production processes within the BMW iFACTORY framework.
2. Mazda Motor
Headquarters: Fuchu, Hiroshima, Japan
Mazda Motor is a manufacturer of automobile products, primarily engaged in the manufacturing and sales of vehicles and their parts. The company’s main activities include the production of vehicles in Japan and overseas, with vehicle parts being manufactured by both Mazda and Kurashiki Kako Co. Ltd. The company operates in various geographic locations, including Japan, North America, Europe, and other areas. In March 2025, Mazda Motor Corporation (Mazda) announced its "Lean Asset Strategy", which would realize the company’s multi-solution approach for electrification.
3. Nissan
Headquarters: Yokohama, Kanagawa, Japan
Nissan Motor Co., Ltd.[b], doing business as Nissan and formerly Jidosha-Seizo. The company sells its vehicles under the Nissan and Infiniti brands, and formerly the Datsun brand, with in-house performance tuning products (including cars) under the Nismo and Autech brands. The AGVs are powered by repurposed LEAF batteries and use motion sensors to avoid collisions when delivering car parts to Nissan workers, saving time and energy.
4. KUKA
Headquarters: Augsburg, Germany
Kuka is one of the world’s leading suppliers of intelligent automation solutions. KUKA is a global corporation with sales of around 4 billion euros and around 15,000 employees. From robots and cells to fully automated systems and their connectivity in markets such as automotive, with a focus on e-mobility & battery, electronics, metal & plastic, consumer goods, e-commerce, retail, and healthcare. KUKA omniMove is the company’s transport platform for heavy loads, offering excellent mobility, easily operated by remote control.
5. Renault S.A.
Headquarters: Boulogne-Billancourt, France
Renault SA (Renault) is an automobile company. The company designs, manufactures, sells, and distributes passenger cars, light commercial vehicles, and electric vehicles. It also provides various services, including sales financing, leasing, maintenance, and services contracts. Renault markets products under Renault, Dacia, Alpine, and Mobilize brands. Renault has operations in Europe, Eurasia, the Middle East, North America, South America, Africa, and Asia Pacific.
Are you ready to discover more about the automated guided vehicle market?
The report provides an in-depth analysis of the leading companies operating in the global automated guided vehicle market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- BMW AG
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Mazda Motor
- Nissan
- KUKA
- Renault S.A.
- COMPAS
- Volkswagen
- Swindon Pressing Ltd.
- KION GROUP AG
- Rohm Co. Ltd.
- Others.
Conclusion
The automated guided vehicle market is accelerating the adoption of automation technology integration in AGVs. With the increasing development of industrial automation and intelligent manufacturing, enterprises are using AGVs to improve logistics efficiency and reduce labour costs. With the growing digital transformation in the automated guided vehicle market, there is a growing enhancement in safety standards, and the need to minimize human errors in material handling. Additionally, the integration of advanced software solutions ensures greater precision and efficiency, further boosting market adoption. AGVs are becoming critical components in streamlining operations and maintaining competitiveness in rapidly evolving industries.
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