Global Automated Guided Vehicle (AGV) Market Size, Trends & Growth Opportunity, By Type (Unit Load Carrier, Two Vehicles, Pallet Trucks, Assembly Line Vehicles, and others), By Industry Vertical (Retail, Logistics, Food & Beverages, Healthcare, Automotive, and others), and By Application (Transportation, Distribution, Storage, Assembly, Packaging, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automated Guided Vehicle (AGV) Market
Global Automated Guided Vehicle (AGV) Market was valued at USD 2.25 billion in 2021 and is expected to reach USD 8.05 billion by 2027, at a CAGR 13.08% from 2022-2027.
Self-guided vehicles or automated guided vehicles (AGVs) are widely used in material handling across various industries like automotive, manufacturing, Food & beverages, healthcare, logistics, and others.  Increasing demand for material handling equipment to improve operational efficiency in industrial processes will boost the market growth further.
Market Drivers
Increasing adoption of automated guided vehicles due to its benefits such as reduced labour costs, increased productivity, reduced product damage and scale to support automation processes is expected to boost the global automated guided vehicle market growth. Furthermore, growing collaboration and partnership activities in retail & logistics related companies will have a positive impact on market growth.
Moreover, increasing demand for automation in material handling processes across industries will have a positive impact on market growth during this forecast period 2027.
Market Restraints
However, high installation, maintenance, and switching costs are the major challenging factors which are expected to hinder the global automated guided vehicle (AGV) market growth. Also, increasing use of mobile robots in retail & e-commerce industries will obstruct the market growth during the forecast period.
Market Segmentation
The Global Automated Guided Vehicle (AGV) Market is segmented into type such as Unit Load Carrier, Two Vehicles, Pallet Trucks, Assembly Line Vehicles, and others, by industry vertical such as Retail, Logistics, Food & Beverages, Healthcare, Automotive, and others. 
Further, the market is segmented into applications such as Transportation, Distribution, Storage, Assembly, Packaging, and Others. 
Regional Analysis
The Global Automated Guided Vehicle (AGV) Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The European region dominates the market in 2022 and accounted for the largest revenue share. Besides, the European regional market is expected to remain the dominating regional market over the forecast period. The growth of the region is primarily driven by the growing demand for material handling equipment by the incumbents of the manufacturing industry.
Market Key Players
Various key players are discussed in the Global Automated Guided Vehicle (AGV) Market Report including: Toyota Industrial Equipment Manufacturing Inc., Bastian Solutions LLC, Daifuku CO. Ltd., Dematic GMBH & Co. KG, Egemin Automation Inc., EK Automation, Frog AGV Systems B.V., JBT Corporation, Locus Robotics, and Kollmorgen. 
For instance, in April 2021, Toyota Industries launched a global autonomous vehicle (AV) software company, “T-Hive,” to add solutions to all the vehicles produced with Toyota Industries Corporation. The customers can now be able to have seamless transportation, storage, distribution of goods due to the unified solution by T-Hive being implemented at logistics facilities around the globe.        
Market Taxonomy
By Type
•        Unit Load Carrier
•        Two Vehicles
•        Pallet Trucks
•        Assembly Line Vehicles
•        Others
By Industry Vertical
•        Retail
•        Logistics
•        Food & Beverages
•        Healthcare
•        Automotive
•        Others
By Application
•        Transportation
•        Distribution
•        Storage
•        Assembly
•        Packaging
•        Others
By Region 
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Automated Guided Vehicle (AGV) Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automated Guided Vehicle (AGV) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automated Guided Vehicle (AGV) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Type 
5.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Type
5.3.1 Unit Load Carrier
5.3.2 Two Vehicles
5.3.3 Pallet Trucks
5.3.4 Assembly Line Vehicles
5.3.5 Others
6 Global Automated Guided Vehicle (AGV) Market, By Industry Vertical
6.1 Y-o-Y Growth Comparison, By Industry Vertical
6.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Industry Vertical
6.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical
6.3.1 Retail
6.3.2 Logistics
6.3.3 Food & Beverages
6.3.4 Healthcare
6.3.5 Automotive
6.3.6 Others
7 Global Automated Guided Vehicle (AGV) Market, Application
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, Application
7.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, Application
7.3.1 Transportation
7.3.2 Distribution
7.3.3 Storage
7.3.4 Assembly
7.3.5 Packaging
7.3.6 Others
8 Global Automated Guided Vehicle (AGV) Market, By Region
8.1 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Region
8.2 Global Automated Guided Vehicle (AGV) Market Share Analysis, By Region
8.3 Global Automated Guided Vehicle (AGV) Market Size and Forecast, By Region
9 North America Automated Guided Vehicle (AGV) Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Automated Guided Vehicle (AGV) Market Share Analysis, By Type
9.3 North America Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical
9.4 North America Automated Guided Vehicle (AGV) Market Size and Forecast, Application
9.5 North America Automated Guided Vehicle (AGV) Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Automated Guided Vehicle (AGV) Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Automated Guided Vehicle (AGV) Market Share Analysis, By Type 
10.3 Europe Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical 
10.4 Europe Automated Guided Vehicle (AGV) Market Size and Forecast, Application
10.5 Europe Automated Guided Vehicle (AGV) Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Automated Guided Vehicle (AGV) Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Automated Guided Vehicle (AGV) Market Share Analysis, By Type 
11.3 Asia Pacific Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical 
11.4 Asia Pacific Automated Guided Vehicle (AGV) Market Size and Forecast, Application
11.5 Asia Pacific Automated Guided Vehicle (AGV) Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Automated Guided Vehicle (AGV) Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Automated Guided Vehicle (AGV) Market Share Analysis, By Type 
12.3 Latin America Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical 
12.4 Latin America Automated Guided Vehicle (AGV) Market Size and Forecast, Application
12.5 Latin America Automated Guided Vehicle (AGV) Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Automated Guided Vehicle (AGV) Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Automated Guided Vehicle (AGV) Market Share Analysis, By Type 
13.3 Middle East Automated Guided Vehicle (AGV) Market Size and Forecast, By Industry Vertical 
13.4 Middle East Automated Guided Vehicle (AGV) Market Size and Forecast, Application
13.5 Middle East Automated Guided Vehicle (AGV) Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Toyota Industrial Equipment Manufacturing Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bastian Solutions LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Daifuku CO. Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Dematic GMBH & Co. KG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Egemin Automation Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 EK Automation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Frog AGV Systems B.V
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 JBT Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Kollmorgen
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Locus Robotics
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies