Market Overview

Automated Guided Vehicle (Unit Load Carrier, Forklift Truck, Tow Vehicle, Pallet Truck, Assembly Line Vehicle) Market - Global Forecast 2023 -


The "Automated
Guided Vehicle Market by Type (Unit Load Carrier, Forklift Truck, Tow
Vehicle, Pallet Truck, Assembly Line Vehicle), Battery Type (Lead,
Nickel, Lithium Ion), Application, Navigation Technology, Industry, &
Geography - Global Forecast 2023"
report has been added to's

The AGV market is expected to grow from USD 1.86 billion in 2018 to USD
2.74 billion by 2023, at a CAGR of 8.02% from 2018 to 2023.

In this report, segments such as type, navigation technology,
application, battery type, industry, and geography have been covered.
The report also discusses drivers, restraints, opportunities, and
challenges pertaining to the market. The report gives a detailed view of
the market across 4 main regions.

The overall market growth is driven by the factors such as rising demand
for automation in material handling across industries, emerging
e-commerce industry, growing requirement for workplace safety standards,
increasing productivity owing to improved supply chain processes.
However, high installation, maintenance, and switching costs and the
initial price complexity of AGVs might restrain the growth of the AGV

AGVs based on laser guidance navigation technology accounted for the
largest market size in 2017. Laser guidance is the most flexible system
for vehicle movement and offers accurate navigation. It has reflectors
mounted on walls, along with the vehicle's route. A rotating laser
scanner mounted on the vehicle sends laser beams and detects its
reflections, gathering information on distance and angle, which gets
stored in the vehicle memory. The AGV can analyze its position based on
this information.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Value Chain Analysis

7 Automated Guided Vehicle Market, By Type

8 Automated Guided Vehicle Market, By Navigation Technology

9 Automated Guided Vehicle Market, By Industry

10 Automated Guided Vehicle Market, By Application

11 Automated Guided Vehicle Market, By Battery Type

12 Automated Guided Vehicle Market, By Geography

13 Competitive Landscape

14 Company Profiles

  • Daifuku
  • JBT Corporation
  • KION Group
  • KUKA
  • Toyota Industrial
  • Hyster-Yale Materials Handling
  • Kollmorgen
  • EK Automation
  • Seegrid Corporation
  • SSI Schaefer
  • Locus Robotics
  • Fetch Robotics
  • Addverb Technologies
  • Motum
  • Transbotics Corporation
  • Ifuture Robotics
  • Oceaneering International
  • Savant Automation
  • Konecranes

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