Automated Guided Vehicle Market is Expected to Reach a Valuation of USD 13.3 Billion By 2035 | Fact.MR Report

Revolutionizing logistics & manufacturing, Automated Guided Vehicles (AGVs) offer precision, efficiency & 24/7 operation across diverse industrial applications.

ROCKVILLE, MD, UNITED STATES, July 16, 2025 /EINPresswire.com/ -- The global automated guided vehicle (AGV) market is expected to grow from USD 4.1 billion in 2025 to USD 13.3 billion by 2035, registering a CAGR of 12.5% during the forecast period. This growth is fueled by the rising demand for automation in logistics and manufacturing, as companies aim to boost operational efficiency, cut labor costs, and optimize workflow. AGVs are increasingly favored for their accuracy, reliability, and round-the-clock operation, making them essential in warehouses, distribution centers, and production environments.

The automated guided vehicle (AGV) market is experiencing significant growth, primarily fueled by the rapid rise of e-commerce and the escalating need for efficient, scalable logistics solutions. In modern e-commerce warehouses and retail distribution centers, AGVs play a critical role in automating tasks such as material handling, order fulfillment, and packaging. This trend is closely linked to the broader growth of online shopping, driven by evolving consumer preferences, the demand for convenience, and personalized service offerings.

AGVs form a crucial part of advanced automation solutions, leveraging technology and intelligent software to reduce human intervention. These solutions enhance operational efficiency and productivity across multiple sectors. AGV systems align with the principles of Industry 4.0, integrating smart technologies and real-time connectivity to optimize production and logistics workflows.

A notable example of the shift toward automation comes from Cavintek Inc., a U.S.-based workflow automation firm, which reported in October 2023 that more than 80% of corporate leaders were increasing their investment in productivity automation and remote workforce integration.

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Key Players

Major players in the AGV market include technology and logistics systems firms such as Daifuku Co., Kion Group, Omron Adept Technologies, Bastian Solutions, Toyota Industries, AGVE Group, Seegrid, Fives Group, Vanderlande Industries, and Beumer Group. Additionally, other integrators and robotics providers compete in vertical‑specific or regional markets.

These vendors differentiate through navigation technologies (laser, magnetic tape), customization (e.g. custom AGVs), modular upgrades, integration with warehouse management systems (WMS) and manufacturing execution systems (MES), and after‑sales services such as fleet monitoring and predictive maintenance .

Key Trends & Forecast

Technological Advancements:
Emerging capabilities include laser target navigation, magnetic tape laid on facility floors, and QR‑based guidance systems. Advances in sensors, machine learning, and real‑time fleet coordination are boosting AGV flexibility and autonomy.

Industry 4.0 Integration:
AGVs are increasingly integrated into smart manufacturing and intralogistics solutions, working with robotic stations, conveyors, sortation systems, stacker cranes, and warehouse software platforms as part of Industry 4.0 ecosystems.

Green Operations:
AGVs powered by batteries or hydrogen fuel cells are replacing fuel‑based vehicles, supporting sustainability goals and reducing indoor emissions in enclosed environments .

Cost & Total Cost of Ownership (TCO) Focus:
High initial capital expenditure and integration complexity remain barriers, especially for small and mid‑sized enterprises. Efforts are underway to lower costs through modular design, leasing models, and simplified retrofit packages .

Competitive Landscape

AGV vendors compete via technology offerings (wired vs laser vs magnetic navigation), customization capability (e.g. custom AGVs vs standard units), service support, regional partnerships, and integration expertise.

Early movers like Toyota Industries, Vanderlande, and Daifuku often partner or acquire specialized startups to strengthen their robotics stack. Meanwhile, startups like Seegrid focus on vision‑guided vehicles optimized for flexible, retrofit deployment. Partnerships with software platforms and WMS providers help vendors offer end‑to‑end logistics automation solutions 

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Automated Guided Vehicle Industry News:

April 2024: HMS Networks enhanced the efficiency of Mercedes-Benz’s Automated Guided Vehicle (AGV) system at its Ludwigsfelde plant by implementing a cutting-edge wireless infrastructure. This upgrade supports expanded AGV operations, improves productivity, and ensures adherence to the EU Machinery Regulation 2023/1230.

April 2024: Siemens Nederland and VDL Automated Vehicles deepened their collaboration by launching the second-generation automated logistics platform based on AGV technology. Building on their prior joint efforts, the new platform offers improved functionalities and advanced features to optimize automated logistics.

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