Automated Guided Vehicle Market Share

APAC Market Forecast

The Asia Pacific automated guided vehicle market is anticipated to hold 32% of the revenue share during the forecast period. In developing countries such as China and India, the regional e-commerce market has been gaining momentum as a consequence of increasing demand from the Internet and AGVs have become more common in use. In order to manage material handling operations more efficiently and enhance operational efficiency, automatic baggage sorting units are commonly applied in warehouses and distribution centers. Compared with the present levels of 3 % in India as a whole, Indian e-commerce is expected to reach more than 7 % of total sales for products such as food and consumables, clothing, and consumer electronics between 2025 and 2025.

European Market Statistics

The European automated guided vehicle market is estimated to be the second largest, registering a share of about 30% by the end of 2037. The main driver of market growth in the region is a growing demand for metal handling equipment in the production sector. One of the main drivers for this region, for example, is an increasing need to achieve improved efficiency and automation in industry processes. The European Union's production of passenger cars rose by 8.3% to 10.9 million vehicles in 2022.