How big is the AGV Market?

The AGV Market size is expected to reach USD 5.56 billion in 2024 and grow at a CAGR of 8.25% to reach USD 8.27 billion by 2029. Read More

What is the current AGV Market size?

In 2024, the AGV Market size is expected to reach USD 5.56 billion. Read More

Who are the key players in AGV Market?

KUKA AG, Jungheinrich AG, Murata Machinery Ltd, Daifuku Co. Ltd and SSI Schaefer AG are the major companies operating in the AGV Market. Read More

Which is the fastest growing region in AGV Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AGV Market?

In 2024, the North America accounts for the largest market share in AGV Market. Read More

What years does this AGV Market cover, and what was the market size in 2023?

In 2023, the AGV Market size was estimated at USD 5.10 billion. The report covers the AGV Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AGV Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AGV Market Size Analysis: Market Share and Global Trends

Automated Guided Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Automated Guided Vehicle (AGV) Market Report is Segmented by Product Type (Automated Forklift, Automated Tow/Tractor/Tugs, Unit Load, Assembly Line, and Special Purpose), End-User Industry (Food & Beverage, Automotive, Retail, Electronics & Electrical, General Manufacturing, Pharmaceuticals, and Other End User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Automated Guided Vehicle Industry Overview

The global automated guided vehicle market is fragmented, with numerous players vying for market share. The industry is witnessing significant growth opportunities, driven by factors like digital transformation and the integration of Industry 4.0 with IoT. Leading the pack are prominent players, including Kuka AG, Daifuku Co. Ltd, SSI Schaefer AG, Murata Machinery Ltd, and Jungheinrich AG.

March 2024: FFT announced the expansion of its portfolio with a new automated guided vehicle system by partnering with inductive charging tech provider Wiferion, which automaker BMW is now using. The charging systems from FFTigv and Wiferion have been implemented at the BMW Group plant in Leipzig. FFT created a new manufacturing facility, thereby utilizing wireless charging and AGVs to increase output and efficiency.
March 2024: Cypher Robotics announced the release of the Captis Autonomous Ground Vehicle (AGV) for efficient and accurate cycle counting and industrial scanning. The Captis AGV is capable of navigating warehouses by itself. It does not require any changes to the infrastructure and will not collide with people or objects.