Automated Guided Vehicle Market Size

Automated Guided Vehicle Market size was valued at USD 5.22 billion in 2024 and is set to exceed USD 30.06 billion by the end of 2037, registering over 14.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automated guided vehicle is evaluated at USD 5.82 billion.

Technology development such as AI and machine learning can be seen to have led to the expansion of the market. For example, the use of automated guided vehicles has increased in several sectors due to advances in technologies like AI, machine learning, and computer vision that have made them smarter and more efficient. Artificial Intelligence is projected to bring about a USD 15 trillion increase in the world economy between 2025 and 2030.

Moreover, it is considered to be the main driver of growth on the automated guide vehicle market as more people are beginning to accept online shopping all over the world. In response to the growing demands of e commerce in rapidly developing countries such as China and India, eCommerce companies have been increasing their use of AGVs at warehouses by a significant margin so that they increase productivity. It is expected that in 2026, 24% of sales will take place on the internet.