Automated Guided Vehicle (AGV) Market
                     Automated 
Guided Vehicle 
(AGV) Market To 
Worth USD 3.25 
Billion By 2026
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Market Summary
Market Size – USD 1.89 Billion in 2018, Market Growth - CAGR of 6.8% between 2019 and 2026, 
Market Trends – Industrial growth in emerging economies and emerging e-commerce industry
The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 
3.25 Billion by 2026, at a CAGR of 6.8%. The crucial factors that drive the growth of the AGV market include 
increasing demand for automation in the handling of materials across industries, the emerging e-commerce 
industry, increasing requirements for safety standards in the workplace and increased productivity due to 
improved supply chain processes.
Further key findings from the report suggest
• The Automated Guided Vehicle (AGV) market is expected to grow from USD 1.89 Billion in 2018 to USD 
3.25 Billion by 2026, at a CAGR of 6.8%. The crucial factors that drive the growth of the AGV market 
include increasing demand for automation in the handling of materials across industries, the emerging e - 
commerce industry, increasing requirements for safety standards in the workplace and increased 
productivity due to improved supply chain processes.
Market Summary
Key Players: 
SSI Schaefer (Germany), EK Automation (Germany), JBT Corporation (US), Toyota Industrial (Japan), Daifuku 
(Japan), Hyster-Yale Materials Handling (US), KUKA (Germany), KION Group (Germany), Kollmorgen (US), Seegrid 
Corporation (US), and others.
Segmentation:
Type (Revenue, USD Million; 2016–2026)
Unit Load Carriers
Assembly Line Vehicles
Forklift Trucks   
Tow Vehicles
Pallet Trucks
Others (Automated Carts, Hybrid AGVs, and Customized AGVs)
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Market Summary
Application (Revenue, USD Million; 2016–2026)
Transportation
Distribution
Storage
Assembly
Packaging
Others (Waste Handling and Work-in-Process Activities)
Regional Outlook for Automated Guided Vehicle (AGV) Market analyses the following 
geographies:   
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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The report emphasizes the following key questions:
Q.1.What are the most lucrative and promising growth prospects for the market?
Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects 
come into play in this advancement?
Q.3.Which geographies are estimated to exhibit the highest growth and the underlying 
causes?
  
Q.4.Which factors are impacting the future of the market and what are the driving 
factors?
Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast 
period?
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