Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region - Global Forecast to 2028
Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region - Global Forecast to 2028
Abstract
The automated guided vehicle market is expected to reach USD 3.3 billion by 2028 from USD 2.4 billion in 2023, at a CAGR of 6.9% from 2023–2028. The growth of this market is attributed to the rising demand for automation solution in a variety of industries such as automotive, healthcare, e-commerce, food & beverages, logistics, and manufacturing industries, increases focus on enhancing workplace safety and marked shift to mass customization to mass production.
“Tow vehicle segment to dominate the automated guided vehicle market in 2023.”
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 heavier load with multiple trailers than a single fork truck. Tow vehicles are widely utilized in warehouses and distribution centers to transport goods, pallets, or containers. They assist in moving inventory within the facility, including loading and unloading trucks, replenishing picking areas, and transferring products between storage areas. The automotive industry extensively relies on tow vehicles for material handling tasks. They are used to transport car parts, assemblies, and sub-assemblies within automotive manufacturing facilities.
“Laser Guidance segment to contribute the largest share of the market during the forecast period.”
Laser guided AGVs work through laser positioning systems. Laser guided AGVs are accurate (positioning accuracy of +/- 5mm) in their functioning. A laser guidance system does not have any device associated physically with the route, such as magnetic strips, wires, or paint strips on the floor, and the route can be easily modified by software. This assures a high level of flexibility in adopting the changes in the route of AGVs within the plant. Laser guided systems are best suited for rack warehousing applications, thus commonly used in automatic forklift trucks.
“Asia Pacific is anticipated to grow at the highest CAGR during the forecast period.”
Asia Pacific consists of some of the fastest-growing economies—such as China, Japan, and India. The market in Asia Pacific is propelled by factors such as rapid industrialization, the substantial growth of e-commerce, rising labor costs, technological advancements in warehouses, progressing logistics and warehousing sectors, and the extensive focus on Industry 4.0. Moreover, the strong economic growth in this region is attracting further investments from AGV suppliers for establishing sales and support facilities.
The break-up of the profiles of primary participants:
•By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
•By Designation – C-level Executives – 35%, Directors – 45%, and Others – 20%
•By Region – North America - 30%, Europe – 25%, Asia Pacific – 35%, and Rest of the World – 10%
Major players in the automated guided vehicle market include Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany) and others.
Research Coverage
The report segments the automated guided vehicle market by Type, Navigation Technology, Industry, and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall automated guided vehicle market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
•Analysis of critical drivers (Rising demand for automation solution in a variety of industries, increased focus on enhancing workplace safety, and marked shift to mass customization from mass production), restraints (High installation, maintenance, and switching costs associated with AGV, The retail and e-commerce industry is increasingly favoring mobile robots over AGVs, lack of flexibility and obstacle resistance in AGVs), opportunities (there is a growing implementation of industry 4.0 technologies in the warehouse industry, SMEs are increasingly embracing industrial automation, substantial growth of industrial sector in emerging economies, presence of huge intralogistics sector in Southeast Asia), and challenges (Low labor costs restraining adoption of AGVs in emerging economies, technical challenges related to sensing elements) influencing the growth of the automated guided vehicle market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the automated guided vehicle market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the automated guided vehicle market across various regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the automated guided vehicle market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany).
Content
Table of Contents
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.2.1INCLUSIONS AND EXCLUSIONS25
1.3MARKET SCOPE25
1.3.1MARKETS COVERED25
FIGURE 1AUTOMATED GUIDED VEHICLE MARKET SEGMENTATION25
1.3.2GEOGRAPHIC SCOPE26
1.3.3YEARS CONSIDERED26
1.4CURRENCY CONSIDERED26
1.5STAKEHOLDERS27
1.6SUMMARY OF CHANGES27
1.7RECESSION IMPACT ANALYSIS27
2RESEARCH METHODOLOGY28
2.1RESEARCH DATA28
FIGURE 2AUTOMATED GUIDED VEHICLE MARKET: RESEARCH DESIGN28
2.1.1SECONDARY DATA29
2.1.1.1List of key secondary sources29
2.1.1.2Key data from secondary sources29
2.1.2PRIMARY DATA30
2.1.2.1Primary interviews with experts30
2.1.2.2Breakdown of primary interviews30
2.1.2.3Key data from primary sources31
2.1.3SECONDARY AND PRIMARY RESEARCH32
2.1.3.1Key industry insights33
2.2MARKET SIZE ESTIMATION33
2.2.1BOTTOM-UP APPROACH33
2.2.1.1Approach to derive market size using bottom-up analysis33
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH34
2.2.2TOP-DOWN APPROACH34
2.2.2.1Approach to derive market size using top-down analysis34
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH35
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY KEY PLAYERS FROM AUTOMATED GUIDED VEHICLES35
2.3MARKET BREAKDOWN AND DATA TRIANGULATION36
FIGURE 6DATA TRIANGULATION36
2.4RESEARCH ASSUMPTIONS37
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY37
2.5PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON AUTOMATED GUIDED VEHICLE MARKET37
2.6RESEARCH LIMITATIONS38
2.7RISK ASSESSMENT38
FIGURE 8RISK ASSESSMENT OF RESEARCH STUDY38
3EXECUTIVE SUMMARY39
FIGURE 9AUTOMATED GUIDED VEHICLE MARKET, 2019−2028 (USD MILLION)39
FIGURE 10TOW VEHICLES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202240
FIGURE 11LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD40
FIGURE 12AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202241
FIGURE 13ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 202841
4PREMIUM INSIGHTS43
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET43
FIGURE 14RISING DEMAND FOR AUTOMATION SOLUTIONS IN VARIOUS INDUSTRIES TO DRIVE MARKET43
4.2AUTOMATED GUIDED VEHICLE MARKET, BY TYPE43
FIGURE 15TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202343
4.3AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY44
FIGURE 16LASER GUIDANCE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD44
4.4AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY44
FIGURE 17AUTOMOTIVE SEGMENT TO LEAD MARKET FROM 2023 TO 202844
4.5AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY45
FIGURE 18AUTOMATED GUIDED VEHICLE MARKET TO WITNESS HIGHEST CAGR IN CHINA DURING FORECAST PERIOD45
5MARKET OVERVIEW46
5.1INTRODUCTION46
5.2MARKET DYNAMICS46
FIGURE 19AUTOMATED GUIDED VEHICLE MARKET DYNAMICS46
5.2.1DRIVERS47
5.2.1.1Rising demand for automation solutions in various industries47
5.2.1.2Increased focus on enhancing workplace safety47
5.2.1.3Marked shift to mass customization from mass production48
FIGURE 20IMPACT ANALYSIS OF DRIVERS48
5.2.2RESTRAINTS48
5.2.2.1High installation, maintenance, and switching costs associated with AGVs48
5.2.2.2Increasing preference for mobile robots over AGVs in retail and e-commerce industries49
5.2.2.3Lack of flexibility and obstacle resistance in AGVs49
FIGURE 21IMPACT ANALYSIS OF RESTRAINTS50
5.2.3OPPORTUNITIES50
5.2.3.1Growing implementation of Industry 4.0 technologies in warehousing sector50
5.2.3.2Increasing focus on industrial automation by SMEs50
5.2.3.3Substantial growth of industrial sector in emerging economies51
5.2.3.4Presence of huge intralogistics sector in Southeast Asia51
FIGURE 22IMPACT ANALYSIS OF OPPORTUNITIES51
5.2.4CHALLENGES52
5.2.4.1Low labor costs restricting adoption of AGVs in emerging economies52
5.2.4.2Technical challenges related to sensing elements52
FIGURE 23IMPACT ANALYSIS OF CHALLENGES52
5.3VALUE CHAIN ANALYSIS53
FIGURE 24VALUE CHAIN ANALYSIS OF AUTOMATED GUIDED VEHICLE MARKET53
TABLE 1LIST OF AGV BRANDS54
5.4ECOSYSTEM ANALYSIS55
FIGURE 25AUTOMATED GUIDED VEHICLE MARKET: ECOSYSTEM ANALYSIS55
TABLE 2AUTOMATED GUIDED VEHICLE MARKET: ECOSYSTEM56
5.5PRICING ANALYSIS57
5.5.1PRICING ANALYSIS OF AGVS OFFERED BY KEY PLAYERS57
FIGURE 26ASP OF AUTOMATED GUIDED VEHICLES, BY TYPE57
TABLE 3APPROXIMATE AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES BASED ON TYPE, BY COMPANY (USD)57
5.5.2AVERAGE SELLING PRICE TREND58
TABLE 4AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, BY TYPE58
TABLE 5AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, BY REGION58
FIGURE 27AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, 2019−202858
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS59
FIGURE 28REVENUE SHIFT FOR AUTOMATED GUIDED VEHICLE MARKET59
5.7TECHNOLOGY ANALYSIS59
5.7.1INTERNET OF THINGS (IOT)59
5.7.2COLLABORATIVE ROBOTICS (COBOTS)60
5.7.35G60
5.7.4ARTIFICIAL INTELLIGENCE (AI)60
5.7.5MACHINE LEARNING (ML)60
5.8PORTER’S FIVE FORCES ANALYSIS61
FIGURE 29AUTOMATED GUIDED VEHICLE MARKET: PORTER’S FIVE FORCES ANALYSIS61
TABLE 6AUTOMATED GUIDED VEHICLE MARKET: PORTER’S FIVE FORCES ANALYSIS61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 30INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES62
TABLE 7INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%)63
5.9.2BUYING CRITERIA63
FIGURE 31KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES63
TABLE 8KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES63
5.10CASE STUDY ANALYSIS64
TABLE 9MARKET ASSESSMENT FOR OUTDOOR AUTOMATED GUIDED VEHICLES64
TABLE 10MARKET ASSESSMENT FOR CUSTOM-ENGINEERED AUTOMATED GUIDED VEHICLES64
TABLE 11MARKET ASSESSMENT FOR LARGE AUTOMATED GUIDED VEHICLE FLEET64
TABLE 12MARKET ASSESSMENT FOR LASER-GUIDED TUGGER VEHICLES65
5.11TRADE ANALYSIS65
5.11.1IMPORT SCENARIO65
FIGURE 32IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)65
5.11.2EXPORT SCENARIO66
FIGURE 33EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)66
5.12PATENT ANALYSIS66
FIGURE 34TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS66
TABLE 13TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS67
FIGURE 35NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 202268
TABLE 14RECENT PATENTS RELATED TO AUTOMATED GUIDED VEHICLE MARKET68
5.13KEY CONFERENCES AND EVENTS, 2023–202570
TABLE 15AUTOMATED GUIDED VEHICLE MARKET: CONFERENCES AND EVENTS70
5.14REGULATORY LANDSCAPE71
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 16NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 17EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 18ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 19REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
5.14.2STANDARDS AND REGULATIONS RELATED TO AUTOMATED GUIDED VEHICLE MARKET73
5.14.3SAFETY STANDARDS FOR AUTOMATED GUIDED VEHICLES74
TABLE 20SAFETY STANDARDS FOR AUTOMATED GUIDED VEHICLES74
6EMERGING TECHNOLOGIES AND APPLICATIONS OF AGVS76
6.1INTRODUCTION76
FIGURE 36EMERGING TECHNOLOGIES USED IN AGVS76
6.2EMERGING TECHNOLOGIES USED IN AGVS76
6.2.1LIDAR SENSORS76
6.2.2CAMERA VISION77
6.2.3DUAL-MODE AGVS77
6.3LATEST APPLICATIONS OF AGVS78
6.3.1HOSPITALS78
6.3.2THEME PARKS78
7BATTERY TYPES AND CHARGING ALTERNATIVES FOR AGVS79
7.1INTRODUCTION79
7.2TYPES OF BATTERIES USED IN AGVS79
FIGURE 37TYPES OF BATTERIES USED IN AGVS79
7.2.1LEAD-ACID BATTERIES79
7.2.2LITHIUM-ION BATTERIES80
7.2.3NICKEL-BASED BATTERIES80
7.2.4OTHERS80
7.3BATTERY CHARGING ALTERNATIVES80
7.3.1AUTOMATIC AND OPPORTUNITY CHARGING80
7.3.1.1Wireless charging80
7.3.2BATTERY SWAP81
7.3.2.1Automatic battery swap81
8OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET82
8.1INTRODUCTION82
FIGURE 38OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET82
8.2HARDWARE82
8.3SOFTWARE & SERVICES83
8.4AGVS WITH DIFFERENT PAYLOAD CAPACITIES83
FIGURE 39MARKET SHARE OF AGVS WITH DIFFERENT PAYLOAD CAPACITIES83
9RECENT TRENDS IN AUTOMATED GUIDED VEHICLES84
9.1INTRODUCTION84
9.2INTERNET OF THINGS CONNECTIVITY84
9.3ADOPTION OF COLLABORATIVE AGVS84
9.4SCALABILITY AND MODULAR DESIGN84
9.5ADVANCED NAVIGATION TECHNOLOGIES84
9.6ENERGY EFFICIENCY AND SUSTAINABILITY85
10AUTOMATED GUIDED VEHICLE MARKET, BY TYPE86
10.1INTRODUCTION87
FIGURE 40AUTOMATED GUIDED VEHICLE MARKET, BY TYPE87
FIGURE 41TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202387
TABLE 21AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)88
TABLE 22AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)88
10.2TOW VEHICLES89
10.2.1CAN CARRY LIMITED VARIETY OF LOADS WITH SIMPLER GUIDE PATH89
TABLE 23TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)89
TABLE 24TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)90
TABLE 25TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)90
TABLE 26TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)90
10.3UNIT LOAD CARRIERS91
10.3.1IDEAL FOR HANDLING LARGE VOLUMES OF LOAD91
TABLE 27UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)91
TABLE 28UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)92
TABLE 29UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)92
TABLE 30UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)92
10.4PALLET TRUCKS93
10.4.1IDEAL FOR GROUND-LEVEL OPERATIONS93
TABLE 31PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)93
TABLE 32PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)94
TABLE 33PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 34PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)94
10.5ASSEMBLY LINE VEHICLES95
10.5.1USED TO CARRY OUT SERIAL ASSEMBLY OPERATIONS95
TABLE 35ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)95
TABLE 36ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)96
TABLE 37ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)96
TABLE 38ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)96
10.6FORKLIFT TRUCKS97
10.6.1USED FOR FLOOR-TO-FLOOR AND FLOOR-TO-RACKING OPERATIONS97
TABLE 39FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)97
TABLE 40FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)98
TABLE 41FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)98
TABLE 42FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)98
10.7OTHERS99
TABLE 43OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)99
TABLE 44OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)100
TABLE 45OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)100
TABLE 46OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)100
11AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY101
11.1INTRODUCTION102
FIGURE 42AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY102
FIGURE 43LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2028102
TABLE 47AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)103
TABLE 48AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)103
11.2LASER GUIDANCE104
11.2.1MOST ACCURATE AND FLEXIBLE SYSTEM104
TABLE 49LASER GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)104
TABLE 50LASER GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)105
11.3MAGNETIC GUIDANCE105
11.3.1OFFERS SAFEST AND MOST RELIABLE TRANSPORTATION105
TABLE 51MAGNETIC GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)106
TABLE 52MAGNETIC GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)106
11.4INDUCTIVE GUIDANCE107
11.4.1IDEAL FOR TOUGHEST INDUSTRIAL SETUPS107
TABLE 53INDUCTIVE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)107
TABLE 54INDUCTIVE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)108
11.5OPTICAL TAPE GUIDANCE108
11.5.1EASY AND CONVENIENT SOLUTION FOR AGVS108
TABLE 55OPTICAL TAPE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)109
TABLE 56OPTICAL TAPE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)109
11.6VISION GUIDANCE110
11.6.1PROVIDES RELIABILITY IN DYNAMIC ENVIRONMENTS AND MANEUVERABILITY IN COMPLEX SPACES110
TABLE 57VISION GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)110
TABLE 58VISION GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)111
11.7OTHERS111
TABLE 59OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)112
TABLE 60OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)112
12AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY113
12.1INTRODUCTION114
FIGURE 44AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY114
FIGURE 45AUTOMOTIVE SEGMENT TO LEAD MARKET FROM 2023 TO 2028115
TABLE 61AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)115
TABLE 62AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)116
12.2AUTOMOTIVE116
12.2.1GROWING DEMAND FOR AFTER-SALES SPARE PARTS AND INCREASING LEVELS OF CUSTOMIZATION IN VEHICLES TO DRIVE MARKET116
FIGURE 46EUROPE TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR AUTOMOTIVE SEGMENT FROM 2023 TO 2028117
TABLE 63AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)118
TABLE 64AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)118
TABLE 65AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)118
TABLE 66AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)119
12.3METALS & HEAVY MACHINERY119
12.3.1DEPLOYMENT OF AGVS TO EASE WORKFLOW IN METALS & HEAVY MACHINERY INDUSTRY TO DRIVE MARKET119
TABLE 67METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)120
TABLE 68METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)120
TABLE 69METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)120
TABLE 70METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)121
12.4FOOD & BEVERAGE121
12.4.1RISING ADOPTION OF AGVS TO MEET INCREASING GLOBAL FOOD DEMAND TO DRIVE MARKET121
FIGURE 47ASIA PACIFIC TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR FOOD & BEVERAGE SEGMENT FROM 2023 TO 2028122
TABLE 71FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)122
TABLE 72FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)123
TABLE 73FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)123
TABLE 74FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)123
12.5CHEMICAL124
12.5.1INCREASING CHEMICAL PRODUCTION TO LEAD TO DRIVE MARKET124
TABLE 75CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)124
TABLE 76CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)125
TABLE 77CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 78CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)125
12.6HEALTHCARE126
12.6.1INCREASING AND INNOVATIVE USE OF AGVS IN PATIENT CARE TO DRIVE MARKET126
FIGURE 48UNIT LOAD CARRIERS SEGMENT TO OVERTAKE TOW VEHICLES SEGMENT IN AUTOMATED GUIDED VEHICLE MARKET FOR HEALTHCARE SEGMENT BY 2028126
TABLE 79HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)127
TABLE 80HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)127
TABLE 81HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)127
TABLE 82HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)128
12.73PL128
12.7.1RELIANCE ON AGVS FOR DAY-TO-DAY OPERATIONS TO DRIVE MARKET128
TABLE 833PL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)129
TABLE 843PL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)129
TABLE 853PL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 863PL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)130
12.8SEMICONDUCTOR & ELECTRONICS130
12.8.1GROWTH OF SEMICONDUCTOR INDUSTRY TO DRIVE MARKET130
FIGURE 49ASIA PACIFIC TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR SEMICONDUCTOR & ELECTRONICS SEGMENT FROM 2023 TO 2028131
TABLE 87SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)131
TABLE 88SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)132
TABLE 89SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)132
TABLE 90SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)132
12.9AVIATION133
12.9.1FACILITATION OF EASY AEROSPACE MANUFACTURING AND ASSEMBLY OPERATIONS BY AGVS TO DRIVE MARKET133
TABLE 91AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)133
TABLE 92AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)134
TABLE 93AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)134
TABLE 94AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)134
12.10E-COMMERCE135
12.10.1ADOPTION OF AGVS FOR MATERIAL HANDLING OPERATIONS TO DRIVE MARKET135
TABLE 95E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)135
TABLE 96E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)136
TABLE 97E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)136
TABLE 98E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)136
12.11OTHERS137
TABLE 99OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)137
TABLE 100OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)137
TABLE 101OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)138
TABLE 102OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)138
13AUTOMATED GUIDED VEHICLE MARKET, BY REGION139
13.1INTRODUCTION140
FIGURE 50AUTOMATED GUIDED VEHICLE MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028140
TABLE 103AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)140
TABLE 104AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)141
13.2NORTH AMERICA141
13.2.1NORTH AMERICA: RECESSION IMPACT142
FIGURE 51NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT142
TABLE 105NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)143
TABLE 106NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)143
TABLE 107NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)144
TABLE 108NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)144
TABLE 109NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)145
TABLE 110NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)145
13.2.2US145
13.2.2.1Presence of established automobile manufacturers with warehousing facilities to drive market145
13.2.3CANADA146
13.2.3.1Sustained automation in various industries to drive market146
13.2.4MEXICO146
13.2.4.1Well-established manufacturing sector to drive market146
13.3EUROPE147
13.3.1EUROPE: RECESSION IMPACT147
FIGURE 52EUROPE: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT148
TABLE 111EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)148
TABLE 112EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)149
TABLE 113EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)149
TABLE 114EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)150
TABLE 115EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)150
TABLE 116EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)150
13.3.2GERMANY151
13.3.2.1Presence of AGV manufacturing companies to drive market151
13.3.3UK152
13.3.3.1Demand from automotive sector to drive market152
13.3.4FRANCE152
13.3.4.1Growing e-commerce industry to drive market152
13.3.5REST OF EUROPE152
13.4ASIA PACIFIC153
13.4.1ASIA PACIFIC: RECESSION IMPACT153
FIGURE 53ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT154
TABLE 117ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)155
TABLE 118ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)155
TABLE 119ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)156
TABLE 120ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)156
TABLE 121ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)157
TABLE 122ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)157
13.4.2CHINA158
13.4.2.1Foreign investments to assist market growth158
13.4.3JAPAN159
13.4.3.1Escalating labor costs and broad industrial base to support market growth159
13.4.4AUSTRALIA159
13.4.4.1Growing manufacturing and mining industries to drive market159
13.4.5SOUTH KOREA160
13.4.5.1Increasing presence of global AGV companies to drive market160
13.4.6INDIA160
13.4.6.1Growth of manufacturing industries to drive market160
13.4.7MALAYSIA161
13.4.7.1Boom in electronics industry to drive market161
13.4.8TAIWAN161
13.4.8.1Robust semiconductor industry to drive market161
13.4.9INDONESIA162
13.4.9.1Rapid industrial development to drive market162
13.4.10REST OF ASIA PACIFIC162
13.5REST OF THE WORLD163
TABLE 123REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)163
TABLE 124REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)163
TABLE 125REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)164
TABLE 126REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)164
TABLE 127REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)165
TABLE 128REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)165
13.5.1SOUTH AMERICA165
13.5.1.1Government support for automation in food & beverage industry to drive market165
13.5.2MIDDLE EAST166
13.5.2.1Growing aviation, food & beverage, and pharmaceutical industries to drive market166
13.5.3AFRICA166
13.5.3.1Rising adoption of warehouse automation solutions in various industries to increase AGV adoption166
14COMPETITIVE LANDSCAPE167
14.1OVERVIEW167
14.2KEY PLAYER STRATEGIES/RIGHT TO WIN167
TABLE 129OVERVIEW OF STRATEGIES ADOPTED BY AUTOMATED GUIDED VEHICLE VENDORS167
14.3REVENUE ANALYSIS OF TOP 5 COMPANIES168
FIGURE 54REVENUE ANALYSIS OF TOP 5 PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET, 2018–2022168
14.4MARKET SHARE ANALYSIS169
TABLE 130MARKET SHARE ANALYSIS, 2022169
FIGURE 55AUTOMATED GUIDED VEHICLE MARKET: SHARE OF KEY PLAYERS169
14.5COMPANY EVALUATION MATRIX170
14.5.1STARS170
14.5.2PERVASIVE PLAYERS171
14.5.3EMERGING LEADERS171
14.5.4PARTICIPANTS171
FIGURE 56AUTOMATED GUIDED VEHICLE MARKET: COMPANY EVALUATION MATRIX, 2022171
14.6SME EVALUATION MATRIX172
14.6.1PROGRESSIVE COMPANIES172
14.6.2RESPONSIVE COMPANIES172
14.6.3DYNAMIC COMPANIES172
14.6.4STARTING BLOCKS172
FIGURE 57AUTOMATED GUIDED VEHICLE MARKET: SME EVALUATION MATRIX, 2022173
14.6.5AUTOMATED GUIDED VEHICLE MARKET: COMPANY FOOTPRINT174
TABLE 131COMPANY FOOTPRINT174
TABLE 132COMPANY INDUSTRY FOOTPRINT175
TABLE 133COMPANY TYPE FOOTPRINT176
TABLE 134COMPANY REGION FOOTPRINT177
14.6.6COMPETITIVE BENCHMARKING178
TABLE 135AUTOMATED GUIDED VEHICLE MARKET: LIST OF KEY START-UPS/SMES178
TABLE 136AUTOMATED GUIDED VEHICLE MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES178
14.7COMPETITIVE SCENARIO179
TABLE 137AUTOMATED GUIDED VEHICLE MARKET: PRODUCT LAUNCHES, 2021−2023179
TABLE 138AUTOMATED GUIDED VEHICLE MARKET: DEALS, 2021−2023180
TABLE 139AUTOMATED GUIDED VEHICLE MARKET: OTHERS, 2021–2023181
15COMPANY PROFILES183
(Business overview, Products offered, Recent developments & MnM View)*
15.1KEY PLAYERS183
15.1.1DAIFUKU CO., LTD.183
TABLE 140DAIFUKU CO., LTD.: COMPANY OVERVIEW183
FIGURE 58DAIFUKU CO., LTD.: COMPANY SNAPSHOT184
TABLE 141DAIFUKU CO., LTD.: PRODUCTS OFFERED184
TABLE 142DAIFUKU CO., LTD.: DEALS185
TABLE 143DAIFUKU CO., LTD.: OTHERS186
15.1.2JBT187
TABLE 144JBT: COMPANY OVERVIEW187
FIGURE 59JBT: COMPANY SNAPSHOT188
TABLE 145JBT: PRODUCTS OFFERED188
TABLE 146JBT: PRODUCT LAUNCHES189
15.1.3KION GROUP AG191
TABLE 147KION GROUP AG: COMPANY OVERVIEW191
FIGURE 60KION GROUP AG: COMPANY SNAPSHOT192
TABLE 148KION GROUP AG: PRODUCTS OFFERED192
TABLE 149KION GROUP AG: OTHERS193
15.1.4TOYOTA INDUSTRIES CORPORATION195
TABLE 150TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW195
FIGURE 61TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT196
TABLE 151TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED196
TABLE 152TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES198
TABLE 153TOYOTA INDUSTRIES CORPORATION: DEALS199
TABLE 154TOYOTA INDUSTRIES CORPORATION: OTHERS199
15.1.5KUKA AG201
TABLE 155KUKA AG: COMPANY OVERVIEW201
FIGURE 62KUKA AG: COMPANY SNAPSHOT202
TABLE 156KUKA AG: PRODUCTS OFFERED202
TABLE 157KUKA AG: DEALS203
TABLE 158KUKA AG: OTHERS203
15.1.6HYSTER-YALE MATERIALS HANDLING, INC.205
TABLE 159HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY OVERVIEW205
FIGURE 63HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY SNAPSHOT206
TABLE 160HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCTS OFFERED206
TABLE 161HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCT LAUNCHES207
TABLE 162HYSTER-YALE MATERIALS HANDLING, INC.: OTHERS207
15.1.7OCEANEERING INTERNATIONAL, INC.208
TABLE 163OCEANEERING INTERNATIONAL, INC.: COMPANY OVERVIEW208
FIGURE 64OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT209
TABLE 164OCEANEERING INTERNATIONAL, INC.: PRODUCTS OFFERED209
15.1.8EK ROBOTICS GMBH210
TABLE 165EK ROBOTICS GMBH: COMPANY OVERVIEW210
TABLE 166EK ROBOTICS GMBH: PRODUCTS OFFERED210
TABLE 167EK ROBOTICS GMBH: PRODUCT LAUNCHES211
TABLE 168EK ROBOTICS GMBH: DEALS211
TABLE 169EK ROBOTICS GMBH: OTHERS212
15.1.9SSI SCHAEFER213
TABLE 170SSI SCHAEFER: COMPANY OVERVIEW213
TABLE 171SSI SCHAEFER: PRODUCTS OFFERED213
TABLE 172SSI SCHAEFER: OTHERS214
15.1.10SCOTT TECHNOLOGY215
TABLE 173SCOTT TECHNOLOGY: COMPANY OVERVIEW215
FIGURE 65SCOTT TECHNOLOGY: COMPANY SNAPSHOT216
TABLE 174SCOTT TECHNOLOGY: PRODUCTS OFFERED216
TABLE 175SCOTT TECHNOLOGY: DEALS217
15.2OTHER PLAYERS218
15.2.1AMERICA IN MOTION218
TABLE 176AMERICA IN MOTION: COMPANY OVERVIEW218
15.2.2ASSECO CEIT219
TABLE 177ASSECO CEIT: COMPANY OVERVIEW219
15.2.3SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.219
TABLE 178SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.: COMPANY OVERVIEW219
15.2.4DANBACH ROBOT JIANGXI INC.220
TABLE 179DANBACH ROBOT JIANGXI INC.: COMPANY OVERVIEW220
15.2.5ECA GROUP220
TABLE 180ECA GROUP: COMPANY OVERVIEW220
15.2.6E80 GROUP S.P.A.221
TABLE 181E80 GROUP S.P.A.: COMPANY OVERVIEW221
15.2.7GLOBAL AGV222
TABLE 182GLOBAL AGV: COMPANY OVERVIEW222
15.2.8GRENZEBACH GROUP222
TABLE 183GRENZEBACH GROUP: COMPANY OVERVIEW222
15.2.9IDC CORPORATION223
TABLE 184IDC CORPORATION: COMPANY OVERVIEW223
15.2.10IKV ROBOT CO., LTD.223
TABLE 185IKV ROBOT CO., LTD.: COMPANY OVERVIEW223
15.2.11MEIDEN AMERICA, INC.224
TABLE 186MEIDEN AMERICA, INC.: COMPANY OVERVIEW224
15.2.12ROCLA AGV225
TABLE 187ROCLA AGV: COMPANY OVERVIEW225
15.2.13SAFELOG GMBH226
TABLE 188SAFELOG GMBH: COMPANY OVERVIEW226
15.2.14SIMPLEX ROBOTICS PVT. LTD.227
TABLE 189SIMPLEX ROBOTICS PVT. LTD.: COMPANY OVERVIEW227
15.2.15SYSTEM LOGISTICS S.P.A.227
TABLE 190SYSTEM LOGISTICS S.P.A.: COMPANY OVERVIEW227
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
16ADJACENT MARKET228
16.1RFID MARKET228
16.2INTRODUCTION228
FIGURE 66RFID MARKET, BY OFFERING228
FIGURE 67TAGS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD229
TABLE 191RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION)229
TABLE 192RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION)229
16.3TAGS230
16.3.1TAGS ARE USED TO IDENTIFY ASSETS OR PERSON230
16.4READERS230
16.4.1FIXED READERS231
16.4.1.1Fixed readers are rugged and cost-efficient231
16.4.2HANDHELD READERS231
16.4.2.1Handheld readers are mainly adopted due to their mobility231
16.5SOFTWARE & SERVICES232
16.5.1INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE TO DRIVE DEMAND FOR SOFTWARE & SERVICES232
17APPENDIX233
17.1INSIGHTS FROM INDUSTRY EXPERTS233
17.2DISCUSSION GUIDE233
17.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL236
17.4CUSTOMIZATION OPTIONS238
17.5RELATED REPORTS238
17.6AUTHOR DETAILS239
“Tow vehicle segment to dominate the automated guided vehicle market in 2023.”
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 heavier load with multiple trailers than a single fork truck. Tow vehicles are widely utilized in warehouses and distribution centers to transport goods, pallets, or containers. They assist in moving inventory within the facility, including loading and unloading trucks, replenishing picking areas, and transferring products between storage areas. The automotive industry extensively relies on tow vehicles for material handling tasks. They are used to transport car parts, assemblies, and sub-assemblies within automotive manufacturing facilities.
“Laser Guidance segment to contribute the largest share of the market during the forecast period.”
Laser guided AGVs work through laser positioning systems. Laser guided AGVs are accurate (positioning accuracy of +/- 5mm) in their functioning. A laser guidance system does not have any device associated physically with the route, such as magnetic strips, wires, or paint strips on the floor, and the route can be easily modified by software. This assures a high level of flexibility in adopting the changes in the route of AGVs within the plant. Laser guided systems are best suited for rack warehousing applications, thus commonly used in automatic forklift trucks.
“Asia Pacific is anticipated to grow at the highest CAGR during the forecast period.”
Asia Pacific consists of some of the fastest-growing economies—such as China, Japan, and India. The market in Asia Pacific is propelled by factors such as rapid industrialization, the substantial growth of e-commerce, rising labor costs, technological advancements in warehouses, progressing logistics and warehousing sectors, and the extensive focus on Industry 4.0. Moreover, the strong economic growth in this region is attracting further investments from AGV suppliers for establishing sales and support facilities.
The break-up of the profiles of primary participants:
•By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
•By Designation – C-level Executives – 35%, Directors – 45%, and Others – 20%
•By Region – North America - 30%, Europe – 25%, Asia Pacific – 35%, and Rest of the World – 10%
Major players in the automated guided vehicle market include Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany) and others.
Research Coverage
The report segments the automated guided vehicle market by Type, Navigation Technology, Industry, and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall automated guided vehicle market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
•Analysis of critical drivers (Rising demand for automation solution in a variety of industries, increased focus on enhancing workplace safety, and marked shift to mass customization from mass production), restraints (High installation, maintenance, and switching costs associated with AGV, The retail and e-commerce industry is increasingly favoring mobile robots over AGVs, lack of flexibility and obstacle resistance in AGVs), opportunities (there is a growing implementation of industry 4.0 technologies in the warehouse industry, SMEs are increasingly embracing industrial automation, substantial growth of industrial sector in emerging economies, presence of huge intralogistics sector in Southeast Asia), and challenges (Low labor costs restraining adoption of AGVs in emerging economies, technical challenges related to sensing elements) influencing the growth of the automated guided vehicle market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the automated guided vehicle market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the automated guided vehicle market across various regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the automated guided vehicle market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany).
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.2.1INCLUSIONS AND EXCLUSIONS25
1.3MARKET SCOPE25
1.3.1MARKETS COVERED25
FIGURE 1AUTOMATED GUIDED VEHICLE MARKET SEGMENTATION25
1.3.2GEOGRAPHIC SCOPE26
1.3.3YEARS CONSIDERED26
1.4CURRENCY CONSIDERED26
1.5STAKEHOLDERS27
1.6SUMMARY OF CHANGES27
1.7RECESSION IMPACT ANALYSIS27
2RESEARCH METHODOLOGY28
2.1RESEARCH DATA28
FIGURE 2AUTOMATED GUIDED VEHICLE MARKET: RESEARCH DESIGN28
2.1.1SECONDARY DATA29
2.1.1.1List of key secondary sources29
2.1.1.2Key data from secondary sources29
2.1.2PRIMARY DATA30
2.1.2.1Primary interviews with experts30
2.1.2.2Breakdown of primary interviews30
2.1.2.3Key data from primary sources31
2.1.3SECONDARY AND PRIMARY RESEARCH32
2.1.3.1Key industry insights33
2.2MARKET SIZE ESTIMATION33
2.2.1BOTTOM-UP APPROACH33
2.2.1.1Approach to derive market size using bottom-up analysis33
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH34
2.2.2TOP-DOWN APPROACH34
2.2.2.1Approach to derive market size using top-down analysis34
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH35
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED BY KEY PLAYERS FROM AUTOMATED GUIDED VEHICLES35
2.3MARKET BREAKDOWN AND DATA TRIANGULATION36
FIGURE 6DATA TRIANGULATION36
2.4RESEARCH ASSUMPTIONS37
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY37
2.5PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON AUTOMATED GUIDED VEHICLE MARKET37
2.6RESEARCH LIMITATIONS38
2.7RISK ASSESSMENT38
FIGURE 8RISK ASSESSMENT OF RESEARCH STUDY38
3EXECUTIVE SUMMARY39
FIGURE 9AUTOMATED GUIDED VEHICLE MARKET, 2019−2028 (USD MILLION)39
FIGURE 10TOW VEHICLES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202240
FIGURE 11LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD40
FIGURE 12AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202241
FIGURE 13ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 202841
4PREMIUM INSIGHTS43
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET43
FIGURE 14RISING DEMAND FOR AUTOMATION SOLUTIONS IN VARIOUS INDUSTRIES TO DRIVE MARKET43
4.2AUTOMATED GUIDED VEHICLE MARKET, BY TYPE43
FIGURE 15TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202343
4.3AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY44
FIGURE 16LASER GUIDANCE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD44
4.4AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY44
FIGURE 17AUTOMOTIVE SEGMENT TO LEAD MARKET FROM 2023 TO 202844
4.5AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY45
FIGURE 18AUTOMATED GUIDED VEHICLE MARKET TO WITNESS HIGHEST CAGR IN CHINA DURING FORECAST PERIOD45
5MARKET OVERVIEW46
5.1INTRODUCTION46
5.2MARKET DYNAMICS46
FIGURE 19AUTOMATED GUIDED VEHICLE MARKET DYNAMICS46
5.2.1DRIVERS47
5.2.1.1Rising demand for automation solutions in various industries47
5.2.1.2Increased focus on enhancing workplace safety47
5.2.1.3Marked shift to mass customization from mass production48
FIGURE 20IMPACT ANALYSIS OF DRIVERS48
5.2.2RESTRAINTS48
5.2.2.1High installation, maintenance, and switching costs associated with AGVs48
5.2.2.2Increasing preference for mobile robots over AGVs in retail and e-commerce industries49
5.2.2.3Lack of flexibility and obstacle resistance in AGVs49
FIGURE 21IMPACT ANALYSIS OF RESTRAINTS50
5.2.3OPPORTUNITIES50
5.2.3.1Growing implementation of Industry 4.0 technologies in warehousing sector50
5.2.3.2Increasing focus on industrial automation by SMEs50
5.2.3.3Substantial growth of industrial sector in emerging economies51
5.2.3.4Presence of huge intralogistics sector in Southeast Asia51
FIGURE 22IMPACT ANALYSIS OF OPPORTUNITIES51
5.2.4CHALLENGES52
5.2.4.1Low labor costs restricting adoption of AGVs in emerging economies52
5.2.4.2Technical challenges related to sensing elements52
FIGURE 23IMPACT ANALYSIS OF CHALLENGES52
5.3VALUE CHAIN ANALYSIS53
FIGURE 24VALUE CHAIN ANALYSIS OF AUTOMATED GUIDED VEHICLE MARKET53
TABLE 1LIST OF AGV BRANDS54
5.4ECOSYSTEM ANALYSIS55
FIGURE 25AUTOMATED GUIDED VEHICLE MARKET: ECOSYSTEM ANALYSIS55
TABLE 2AUTOMATED GUIDED VEHICLE MARKET: ECOSYSTEM56
5.5PRICING ANALYSIS57
5.5.1PRICING ANALYSIS OF AGVS OFFERED BY KEY PLAYERS57
FIGURE 26ASP OF AUTOMATED GUIDED VEHICLES, BY TYPE57
TABLE 3APPROXIMATE AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES BASED ON TYPE, BY COMPANY (USD)57
5.5.2AVERAGE SELLING PRICE TREND58
TABLE 4AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, BY TYPE58
TABLE 5AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, BY REGION58
FIGURE 27AVERAGE SELLING PRICE OF AUTOMATED GUIDED VEHICLES, 2019−202858
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS59
FIGURE 28REVENUE SHIFT FOR AUTOMATED GUIDED VEHICLE MARKET59
5.7TECHNOLOGY ANALYSIS59
5.7.1INTERNET OF THINGS (IOT)59
5.7.2COLLABORATIVE ROBOTICS (COBOTS)60
5.7.35G60
5.7.4ARTIFICIAL INTELLIGENCE (AI)60
5.7.5MACHINE LEARNING (ML)60
5.8PORTER’S FIVE FORCES ANALYSIS61
FIGURE 29AUTOMATED GUIDED VEHICLE MARKET: PORTER’S FIVE FORCES ANALYSIS61
TABLE 6AUTOMATED GUIDED VEHICLE MARKET: PORTER’S FIVE FORCES ANALYSIS61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 30INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES62
TABLE 7INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES (%)63
5.9.2BUYING CRITERIA63
FIGURE 31KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES63
TABLE 8KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES63
5.10CASE STUDY ANALYSIS64
TABLE 9MARKET ASSESSMENT FOR OUTDOOR AUTOMATED GUIDED VEHICLES64
TABLE 10MARKET ASSESSMENT FOR CUSTOM-ENGINEERED AUTOMATED GUIDED VEHICLES64
TABLE 11MARKET ASSESSMENT FOR LARGE AUTOMATED GUIDED VEHICLE FLEET64
TABLE 12MARKET ASSESSMENT FOR LASER-GUIDED TUGGER VEHICLES65
5.11TRADE ANALYSIS65
5.11.1IMPORT SCENARIO65
FIGURE 32IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)65
5.11.2EXPORT SCENARIO66
FIGURE 33EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)66
5.12PATENT ANALYSIS66
FIGURE 34TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS66
TABLE 13TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS67
FIGURE 35NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 202268
TABLE 14RECENT PATENTS RELATED TO AUTOMATED GUIDED VEHICLE MARKET68
5.13KEY CONFERENCES AND EVENTS, 2023–202570
TABLE 15AUTOMATED GUIDED VEHICLE MARKET: CONFERENCES AND EVENTS70
5.14REGULATORY LANDSCAPE71
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 16NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 17EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 18ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 19REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
5.14.2STANDARDS AND REGULATIONS RELATED TO AUTOMATED GUIDED VEHICLE MARKET73
5.14.3SAFETY STANDARDS FOR AUTOMATED GUIDED VEHICLES74
TABLE 20SAFETY STANDARDS FOR AUTOMATED GUIDED VEHICLES74
6EMERGING TECHNOLOGIES AND APPLICATIONS OF AGVS76
6.1INTRODUCTION76
FIGURE 36EMERGING TECHNOLOGIES USED IN AGVS76
6.2EMERGING TECHNOLOGIES USED IN AGVS76
6.2.1LIDAR SENSORS76
6.2.2CAMERA VISION77
6.2.3DUAL-MODE AGVS77
6.3LATEST APPLICATIONS OF AGVS78
6.3.1HOSPITALS78
6.3.2THEME PARKS78
7BATTERY TYPES AND CHARGING ALTERNATIVES FOR AGVS79
7.1INTRODUCTION79
7.2TYPES OF BATTERIES USED IN AGVS79
FIGURE 37TYPES OF BATTERIES USED IN AGVS79
7.2.1LEAD-ACID BATTERIES79
7.2.2LITHIUM-ION BATTERIES80
7.2.3NICKEL-BASED BATTERIES80
7.2.4OTHERS80
7.3BATTERY CHARGING ALTERNATIVES80
7.3.1AUTOMATIC AND OPPORTUNITY CHARGING80
7.3.1.1Wireless charging80
7.3.2BATTERY SWAP81
7.3.2.1Automatic battery swap81
8OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET82
8.1INTRODUCTION82
FIGURE 38OFFERINGS IN AUTOMATED GUIDED VEHICLE MARKET82
8.2HARDWARE82
8.3SOFTWARE & SERVICES83
8.4AGVS WITH DIFFERENT PAYLOAD CAPACITIES83
FIGURE 39MARKET SHARE OF AGVS WITH DIFFERENT PAYLOAD CAPACITIES83
9RECENT TRENDS IN AUTOMATED GUIDED VEHICLES84
9.1INTRODUCTION84
9.2INTERNET OF THINGS CONNECTIVITY84
9.3ADOPTION OF COLLABORATIVE AGVS84
9.4SCALABILITY AND MODULAR DESIGN84
9.5ADVANCED NAVIGATION TECHNOLOGIES84
9.6ENERGY EFFICIENCY AND SUSTAINABILITY85
10AUTOMATED GUIDED VEHICLE MARKET, BY TYPE86
10.1INTRODUCTION87
FIGURE 40AUTOMATED GUIDED VEHICLE MARKET, BY TYPE87
FIGURE 41TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202387
TABLE 21AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)88
TABLE 22AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)88
10.2TOW VEHICLES89
10.2.1CAN CARRY LIMITED VARIETY OF LOADS WITH SIMPLER GUIDE PATH89
TABLE 23TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)89
TABLE 24TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)90
TABLE 25TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)90
TABLE 26TOW VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)90
10.3UNIT LOAD CARRIERS91
10.3.1IDEAL FOR HANDLING LARGE VOLUMES OF LOAD91
TABLE 27UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)91
TABLE 28UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)92
TABLE 29UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)92
TABLE 30UNIT LOAD CARRIERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)92
10.4PALLET TRUCKS93
10.4.1IDEAL FOR GROUND-LEVEL OPERATIONS93
TABLE 31PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)93
TABLE 32PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)94
TABLE 33PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 34PALLET TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)94
10.5ASSEMBLY LINE VEHICLES95
10.5.1USED TO CARRY OUT SERIAL ASSEMBLY OPERATIONS95
TABLE 35ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)95
TABLE 36ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)96
TABLE 37ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)96
TABLE 38ASSEMBLY LINE VEHICLES: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)96
10.6FORKLIFT TRUCKS97
10.6.1USED FOR FLOOR-TO-FLOOR AND FLOOR-TO-RACKING OPERATIONS97
TABLE 39FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)97
TABLE 40FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)98
TABLE 41FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)98
TABLE 42FORKLIFT TRUCKS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)98
10.7OTHERS99
TABLE 43OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)99
TABLE 44OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)100
TABLE 45OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)100
TABLE 46OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)100
11AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY101
11.1INTRODUCTION102
FIGURE 42AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY102
FIGURE 43LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2028102
TABLE 47AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2019–2022 (USD MILLION)103
TABLE 48AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY, 2023–2028 (USD MILLION)103
11.2LASER GUIDANCE104
11.2.1MOST ACCURATE AND FLEXIBLE SYSTEM104
TABLE 49LASER GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)104
TABLE 50LASER GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)105
11.3MAGNETIC GUIDANCE105
11.3.1OFFERS SAFEST AND MOST RELIABLE TRANSPORTATION105
TABLE 51MAGNETIC GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)106
TABLE 52MAGNETIC GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)106
11.4INDUCTIVE GUIDANCE107
11.4.1IDEAL FOR TOUGHEST INDUSTRIAL SETUPS107
TABLE 53INDUCTIVE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)107
TABLE 54INDUCTIVE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)108
11.5OPTICAL TAPE GUIDANCE108
11.5.1EASY AND CONVENIENT SOLUTION FOR AGVS108
TABLE 55OPTICAL TAPE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)109
TABLE 56OPTICAL TAPE GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)109
11.6VISION GUIDANCE110
11.6.1PROVIDES RELIABILITY IN DYNAMIC ENVIRONMENTS AND MANEUVERABILITY IN COMPLEX SPACES110
TABLE 57VISION GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)110
TABLE 58VISION GUIDANCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)111
11.7OTHERS111
TABLE 59OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)112
TABLE 60OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)112
12AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY113
12.1INTRODUCTION114
FIGURE 44AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY114
FIGURE 45AUTOMOTIVE SEGMENT TO LEAD MARKET FROM 2023 TO 2028115
TABLE 61AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)115
TABLE 62AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)116
12.2AUTOMOTIVE116
12.2.1GROWING DEMAND FOR AFTER-SALES SPARE PARTS AND INCREASING LEVELS OF CUSTOMIZATION IN VEHICLES TO DRIVE MARKET116
FIGURE 46EUROPE TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR AUTOMOTIVE SEGMENT FROM 2023 TO 2028117
TABLE 63AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)118
TABLE 64AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)118
TABLE 65AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)118
TABLE 66AUTOMOTIVE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)119
12.3METALS & HEAVY MACHINERY119
12.3.1DEPLOYMENT OF AGVS TO EASE WORKFLOW IN METALS & HEAVY MACHINERY INDUSTRY TO DRIVE MARKET119
TABLE 67METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)120
TABLE 68METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)120
TABLE 69METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)120
TABLE 70METALS & HEAVY MACHINERY: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)121
12.4FOOD & BEVERAGE121
12.4.1RISING ADOPTION OF AGVS TO MEET INCREASING GLOBAL FOOD DEMAND TO DRIVE MARKET121
FIGURE 47ASIA PACIFIC TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR FOOD & BEVERAGE SEGMENT FROM 2023 TO 2028122
TABLE 71FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)122
TABLE 72FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)123
TABLE 73FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)123
TABLE 74FOOD & BEVERAGE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)123
12.5CHEMICAL124
12.5.1INCREASING CHEMICAL PRODUCTION TO LEAD TO DRIVE MARKET124
TABLE 75CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)124
TABLE 76CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)125
TABLE 77CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 78CHEMICAL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)125
12.6HEALTHCARE126
12.6.1INCREASING AND INNOVATIVE USE OF AGVS IN PATIENT CARE TO DRIVE MARKET126
FIGURE 48UNIT LOAD CARRIERS SEGMENT TO OVERTAKE TOW VEHICLES SEGMENT IN AUTOMATED GUIDED VEHICLE MARKET FOR HEALTHCARE SEGMENT BY 2028126
TABLE 79HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)127
TABLE 80HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)127
TABLE 81HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)127
TABLE 82HEALTHCARE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)128
12.73PL128
12.7.1RELIANCE ON AGVS FOR DAY-TO-DAY OPERATIONS TO DRIVE MARKET128
TABLE 833PL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)129
TABLE 843PL: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)129
TABLE 853PL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)129
TABLE 863PL: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)130
12.8SEMICONDUCTOR & ELECTRONICS130
12.8.1GROWTH OF SEMICONDUCTOR INDUSTRY TO DRIVE MARKET130
FIGURE 49ASIA PACIFIC TO LEAD AUTOMATED GUIDED VEHICLE MARKET FOR SEMICONDUCTOR & ELECTRONICS SEGMENT FROM 2023 TO 2028131
TABLE 87SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)131
TABLE 88SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)132
TABLE 89SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)132
TABLE 90SEMICONDUCTOR & ELECTRONICS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)132
12.9AVIATION133
12.9.1FACILITATION OF EASY AEROSPACE MANUFACTURING AND ASSEMBLY OPERATIONS BY AGVS TO DRIVE MARKET133
TABLE 91AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)133
TABLE 92AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)134
TABLE 93AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)134
TABLE 94AVIATION: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)134
12.10E-COMMERCE135
12.10.1ADOPTION OF AGVS FOR MATERIAL HANDLING OPERATIONS TO DRIVE MARKET135
TABLE 95E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)135
TABLE 96E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)136
TABLE 97E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)136
TABLE 98E-COMMERCE: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)136
12.11OTHERS137
TABLE 99OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)137
TABLE 100OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)137
TABLE 101OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)138
TABLE 102OTHERS: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)138
13AUTOMATED GUIDED VEHICLE MARKET, BY REGION139
13.1INTRODUCTION140
FIGURE 50AUTOMATED GUIDED VEHICLE MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028140
TABLE 103AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)140
TABLE 104AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)141
13.2NORTH AMERICA141
13.2.1NORTH AMERICA: RECESSION IMPACT142
FIGURE 51NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT142
TABLE 105NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)143
TABLE 106NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)143
TABLE 107NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)144
TABLE 108NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)144
TABLE 109NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)145
TABLE 110NORTH AMERICA: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)145
13.2.2US145
13.2.2.1Presence of established automobile manufacturers with warehousing facilities to drive market145
13.2.3CANADA146
13.2.3.1Sustained automation in various industries to drive market146
13.2.4MEXICO146
13.2.4.1Well-established manufacturing sector to drive market146
13.3EUROPE147
13.3.1EUROPE: RECESSION IMPACT147
FIGURE 52EUROPE: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT148
TABLE 111EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)148
TABLE 112EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)149
TABLE 113EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)149
TABLE 114EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)150
TABLE 115EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)150
TABLE 116EUROPE: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)150
13.3.2GERMANY151
13.3.2.1Presence of AGV manufacturing companies to drive market151
13.3.3UK152
13.3.3.1Demand from automotive sector to drive market152
13.3.4FRANCE152
13.3.4.1Growing e-commerce industry to drive market152
13.3.5REST OF EUROPE152
13.4ASIA PACIFIC153
13.4.1ASIA PACIFIC: RECESSION IMPACT153
FIGURE 53ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET SNAPSHOT154
TABLE 117ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)155
TABLE 118ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)155
TABLE 119ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)156
TABLE 120ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)156
TABLE 121ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)157
TABLE 122ASIA PACIFIC: AUTOMATED GUIDED VEHICLE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)157
13.4.2CHINA158
13.4.2.1Foreign investments to assist market growth158
13.4.3JAPAN159
13.4.3.1Escalating labor costs and broad industrial base to support market growth159
13.4.4AUSTRALIA159
13.4.4.1Growing manufacturing and mining industries to drive market159
13.4.5SOUTH KOREA160
13.4.5.1Increasing presence of global AGV companies to drive market160
13.4.6INDIA160
13.4.6.1Growth of manufacturing industries to drive market160
13.4.7MALAYSIA161
13.4.7.1Boom in electronics industry to drive market161
13.4.8TAIWAN161
13.4.8.1Robust semiconductor industry to drive market161
13.4.9INDONESIA162
13.4.9.1Rapid industrial development to drive market162
13.4.10REST OF ASIA PACIFIC162
13.5REST OF THE WORLD163
TABLE 123REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2019–2022 (USD MILLION)163
TABLE 124REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY TYPE, 2023–2028 (USD MILLION)163
TABLE 125REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)164
TABLE 126REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)164
TABLE 127REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2019–2022 (USD MILLION)165
TABLE 128REST OF THE WORLD: AUTOMATED GUIDED VEHICLE MARKET, BY REGION, 2023–2028 (USD MILLION)165
13.5.1SOUTH AMERICA165
13.5.1.1Government support for automation in food & beverage industry to drive market165
13.5.2MIDDLE EAST166
13.5.2.1Growing aviation, food & beverage, and pharmaceutical industries to drive market166
13.5.3AFRICA166
13.5.3.1Rising adoption of warehouse automation solutions in various industries to increase AGV adoption166
14COMPETITIVE LANDSCAPE167
14.1OVERVIEW167
14.2KEY PLAYER STRATEGIES/RIGHT TO WIN167
TABLE 129OVERVIEW OF STRATEGIES ADOPTED BY AUTOMATED GUIDED VEHICLE VENDORS167
14.3REVENUE ANALYSIS OF TOP 5 COMPANIES168
FIGURE 54REVENUE ANALYSIS OF TOP 5 PLAYERS IN AUTOMATED GUIDED VEHICLE MARKET, 2018–2022168
14.4MARKET SHARE ANALYSIS169
TABLE 130MARKET SHARE ANALYSIS, 2022169
FIGURE 55AUTOMATED GUIDED VEHICLE MARKET: SHARE OF KEY PLAYERS169
14.5COMPANY EVALUATION MATRIX170
14.5.1STARS170
14.5.2PERVASIVE PLAYERS171
14.5.3EMERGING LEADERS171
14.5.4PARTICIPANTS171
FIGURE 56AUTOMATED GUIDED VEHICLE MARKET: COMPANY EVALUATION MATRIX, 2022171
14.6SME EVALUATION MATRIX172
14.6.1PROGRESSIVE COMPANIES172
14.6.2RESPONSIVE COMPANIES172
14.6.3DYNAMIC COMPANIES172
14.6.4STARTING BLOCKS172
FIGURE 57AUTOMATED GUIDED VEHICLE MARKET: SME EVALUATION MATRIX, 2022173
14.6.5AUTOMATED GUIDED VEHICLE MARKET: COMPANY FOOTPRINT174
TABLE 131COMPANY FOOTPRINT174
TABLE 132COMPANY INDUSTRY FOOTPRINT175
TABLE 133COMPANY TYPE FOOTPRINT176
TABLE 134COMPANY REGION FOOTPRINT177
14.6.6COMPETITIVE BENCHMARKING178
TABLE 135AUTOMATED GUIDED VEHICLE MARKET: LIST OF KEY START-UPS/SMES178
TABLE 136AUTOMATED GUIDED VEHICLE MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES178
14.7COMPETITIVE SCENARIO179
TABLE 137AUTOMATED GUIDED VEHICLE MARKET: PRODUCT LAUNCHES, 2021−2023179
TABLE 138AUTOMATED GUIDED VEHICLE MARKET: DEALS, 2021−2023180
TABLE 139AUTOMATED GUIDED VEHICLE MARKET: OTHERS, 2021–2023181
15COMPANY PROFILES183
(Business overview, Products offered, Recent developments & MnM View)*
15.1KEY PLAYERS183
15.1.1DAIFUKU CO., LTD.183
TABLE 140DAIFUKU CO., LTD.: COMPANY OVERVIEW183
FIGURE 58DAIFUKU CO., LTD.: COMPANY SNAPSHOT184
TABLE 141DAIFUKU CO., LTD.: PRODUCTS OFFERED184
TABLE 142DAIFUKU CO., LTD.: DEALS185
TABLE 143DAIFUKU CO., LTD.: OTHERS186
15.1.2JBT187
TABLE 144JBT: COMPANY OVERVIEW187
FIGURE 59JBT: COMPANY SNAPSHOT188
TABLE 145JBT: PRODUCTS OFFERED188
TABLE 146JBT: PRODUCT LAUNCHES189
15.1.3KION GROUP AG191
TABLE 147KION GROUP AG: COMPANY OVERVIEW191
FIGURE 60KION GROUP AG: COMPANY SNAPSHOT192
TABLE 148KION GROUP AG: PRODUCTS OFFERED192
TABLE 149KION GROUP AG: OTHERS193
15.1.4TOYOTA INDUSTRIES CORPORATION195
TABLE 150TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW195
FIGURE 61TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT196
TABLE 151TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED196
TABLE 152TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES198
TABLE 153TOYOTA INDUSTRIES CORPORATION: DEALS199
TABLE 154TOYOTA INDUSTRIES CORPORATION: OTHERS199
15.1.5KUKA AG201
TABLE 155KUKA AG: COMPANY OVERVIEW201
FIGURE 62KUKA AG: COMPANY SNAPSHOT202
TABLE 156KUKA AG: PRODUCTS OFFERED202
TABLE 157KUKA AG: DEALS203
TABLE 158KUKA AG: OTHERS203
15.1.6HYSTER-YALE MATERIALS HANDLING, INC.205
TABLE 159HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY OVERVIEW205
FIGURE 63HYSTER-YALE MATERIALS HANDLING, INC.: COMPANY SNAPSHOT206
TABLE 160HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCTS OFFERED206
TABLE 161HYSTER-YALE MATERIALS HANDLING, INC.: PRODUCT LAUNCHES207
TABLE 162HYSTER-YALE MATERIALS HANDLING, INC.: OTHERS207
15.1.7OCEANEERING INTERNATIONAL, INC.208
TABLE 163OCEANEERING INTERNATIONAL, INC.: COMPANY OVERVIEW208
FIGURE 64OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT209
TABLE 164OCEANEERING INTERNATIONAL, INC.: PRODUCTS OFFERED209
15.1.8EK ROBOTICS GMBH210
TABLE 165EK ROBOTICS GMBH: COMPANY OVERVIEW210
TABLE 166EK ROBOTICS GMBH: PRODUCTS OFFERED210
TABLE 167EK ROBOTICS GMBH: PRODUCT LAUNCHES211
TABLE 168EK ROBOTICS GMBH: DEALS211
TABLE 169EK ROBOTICS GMBH: OTHERS212
15.1.9SSI SCHAEFER213
TABLE 170SSI SCHAEFER: COMPANY OVERVIEW213
TABLE 171SSI SCHAEFER: PRODUCTS OFFERED213
TABLE 172SSI SCHAEFER: OTHERS214
15.1.10SCOTT TECHNOLOGY215
TABLE 173SCOTT TECHNOLOGY: COMPANY OVERVIEW215
FIGURE 65SCOTT TECHNOLOGY: COMPANY SNAPSHOT216
TABLE 174SCOTT TECHNOLOGY: PRODUCTS OFFERED216
TABLE 175SCOTT TECHNOLOGY: DEALS217
15.2OTHER PLAYERS218
15.2.1AMERICA IN MOTION218
TABLE 176AMERICA IN MOTION: COMPANY OVERVIEW218
15.2.2ASSECO CEIT219
TABLE 177ASSECO CEIT: COMPANY OVERVIEW219
15.2.3SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.219
TABLE 178SUZHOU CASUN INTELLIGENT ROBOT CO., LTD.: COMPANY OVERVIEW219
15.2.4DANBACH ROBOT JIANGXI INC.220
TABLE 179DANBACH ROBOT JIANGXI INC.: COMPANY OVERVIEW220
15.2.5ECA GROUP220
TABLE 180ECA GROUP: COMPANY OVERVIEW220
15.2.6E80 GROUP S.P.A.221
TABLE 181E80 GROUP S.P.A.: COMPANY OVERVIEW221
15.2.7GLOBAL AGV222
TABLE 182GLOBAL AGV: COMPANY OVERVIEW222
15.2.8GRENZEBACH GROUP222
TABLE 183GRENZEBACH GROUP: COMPANY OVERVIEW222
15.2.9IDC CORPORATION223
TABLE 184IDC CORPORATION: COMPANY OVERVIEW223
15.2.10IKV ROBOT CO., LTD.223
TABLE 185IKV ROBOT CO., LTD.: COMPANY OVERVIEW223
15.2.11MEIDEN AMERICA, INC.224
TABLE 186MEIDEN AMERICA, INC.: COMPANY OVERVIEW224
15.2.12ROCLA AGV225
TABLE 187ROCLA AGV: COMPANY OVERVIEW225
15.2.13SAFELOG GMBH226
TABLE 188SAFELOG GMBH: COMPANY OVERVIEW226
15.2.14SIMPLEX ROBOTICS PVT. LTD.227
TABLE 189SIMPLEX ROBOTICS PVT. LTD.: COMPANY OVERVIEW227
15.2.15SYSTEM LOGISTICS S.P.A.227
TABLE 190SYSTEM LOGISTICS S.P.A.: COMPANY OVERVIEW227
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
16ADJACENT MARKET228
16.1RFID MARKET228
16.2INTRODUCTION228
FIGURE 66RFID MARKET, BY OFFERING228
FIGURE 67TAGS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD229
TABLE 191RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION)229
TABLE 192RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION)229
16.3TAGS230
16.3.1TAGS ARE USED TO IDENTIFY ASSETS OR PERSON230
16.4READERS230
16.4.1FIXED READERS231
16.4.1.1Fixed readers are rugged and cost-efficient231
16.4.2HANDHELD READERS231
16.4.2.1Handheld readers are mainly adopted due to their mobility231
16.5SOFTWARE & SERVICES232
16.5.1INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE TO DRIVE DEMAND FOR SOFTWARE & SERVICES232
17APPENDIX233
17.1INSIGHTS FROM INDUSTRY EXPERTS233
17.2DISCUSSION GUIDE233
17.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL236
17.4CUSTOMIZATION OPTIONS238
17.5RELATED REPORTS238
17.6AUTHOR DETAILS239
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