Home > Industrial Machinery > Material Handling Equipment > Automated Guided Vehicle (AGV) Market

Automated Guided Vehicle (AGV) Market Share

Report ID: GMI9357
Published Date: May 2024
Report Format: PDF

Download Free Sample

Automated Guided Vehicle Market Share

JBT and Daifuku Co., Ltd. hold a significant market share in the AGV industry in 2023. JBT focuses on developing tailored AGV solutions for industries where it has expertise, such as food and beverage, airports, and aerospace. By understanding the unique challenges and requirements of each sector, JBT offers specialized AGV systems that address specific pain points and deliver maximum value to customers.

Daifuku Co., Ltd. invests heavily in emerging technologies such as artificial intelligence, machine learning, and IoT to enhance the capabilities of its AGV systems. By leveraging these advanced technologies, Daifuku focuses on improving navigation accuracy, increase operational efficiency, and enable predictive maintenance capabilities.

Automated Guided Vehicle Market Companies

Major players operating in the automated guided vehicle (AGV) industry are:

Bastian Solutions, Inc.
Daifuku Co., Ltd.
Dematic
E&K Automation Gmbh
Fetch Robotics, Inc.
Hyster-Yale Materials Handling, Inc.
JBT
Schaefer Systems International, Inc.
Seegrid Corporation
Toyota Industries Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automated guided vehicle (AGV) recorded USD 9.7 billion in 2023 and will expand at a 7% CAGR between 2024 and 2032, owing to increasing demand for material handling automation across various industries.

The logistics & warehousing segment secured 43% of the automated guided vehicle industry share in 2023, attributed to the escalating demand for efficient material handling solutions in e-commerce fulfillment centers, distribution warehouses, and manufacturing facilities.

North America market captured 35% share in 2023, driven by the region's robust industrial infrastructure, technological advancements, and widespread adoption of automation across various industries.

Prominent firms operating in the automated guided vehicle (AGV) industry are Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic, E&K Automation Gmbh, Fetch Robotics, Inc., Hyster-Yale Materials Handling, Inc., JBT, Schaefer Systems International, Inc., Seegrid Corporation, and Toyota Industries Corporation among others.