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Global Automated Guided Vehicle Market Revenue, 2016-2021, 2022-2027, ($ millions)
Global Automated Guided Vehicle Market Sales, 2016-2021, 2022-2027, (Units)
Global top five Automated Guided Vehicle companies in 2020 (%)
The global Automated Guided Vehicle market was valued at 3327.6 million in 2020 and is projected to reach US$ 6682.9 million by 2027, at a CAGR of 19.0% during the forecast period.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automated Guided Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automated Guided Vehicle Market Segment Percentages, By Type, 2020 (%)
by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others), Application (Transportation, Distribution, Storage, Assembly, Packaging, and Waste Handling), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, and Others), and Mode of Operation (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global automated guided vehicle market size was valued at $5.21 billion in 2019, and is projected to reach $13.52 billion by 2027, registering a CAGR of 16.6% during the forecast period.
Drivers, restraints, and opportunities
Growth in demand for automation and automated guided vehicles (AGVs) in various industries, decrease in labor costs in various organization, and rise in safety, accuracy, and productivity