- Automated guided vehicles are self-operating transport systems used for material handling and movement across warehouses, factories, and distribution centers. They rely on technologies such as laser guidance, magnetic strips, vision navigation, and AI-based routing to perform repetitive tasks efficiently and with minimal human intervention
- The increasing deployment of AGVs is primarily driven by the need to improve supply chain efficiency, reduce operational costs, and minimize workplace accidents. In addition, the growing adoption of e-commerce, along with the rise in smart factory initiatives, is fueling the demand for scalable and intelligent automation solutions such as AGVs
- North America dominated the automated guided vehicle market with a share of 23.5% in 2024, due to rapid automation in manufacturing and logistics, as well as strong adoption of Industry 4.0 practices
- Asia-Pacific is expected to be the fastest growing region in the automated guided vehicle market during the forecast period due to rapid industrialization, technological advancement, and growing e-commerce activity
- Tow vehicle segment dominated the market with a market share of 38.5% in 2024, due to its extensive usage in moving multiple loads over longer distances, especially in large warehouses and assembly plants. Their cost-efficiency and ability to haul a range of trailers make them highly preferred in bulk handling environments
