Automated Guided Vehicle Market Analysis

Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pellet Trucks)

Automated guided vehicle market from the tow vehicles segment is estimated to gain the largest revenue share of about 40% in the year 2037. The need to carry out towing operations is increasing due to an increase in traffic accidents. AGVs are often used as light vehicles within sectors such as the automotive industry, which uses them to transport cars or parts between production lines. In 2022, an increase of 5.7% compared to 2021, 85.4 million vehicles were produced in the world.

Application (Logistics & Warehousing, Raw Material Handling, Trailer Loading, Assembly, Packaging)

The logistics & warehousing segment is expected to garner a significant share of around 35% in the year 2037. AGVs are used in industries, moving goods from one warehouse to another. The movement of the trucks is driven by this circuit. This speed increases the flow of heavy goods. They move quickly on the floor of the building with no driver or operator's assistance to load and transport goods. In addition, they are using sensors and software for the control of their mechanics and movements.

Our in-depth analysis of the global market includes the following segments: