It's Exploding: Automated Guided Vehicle Market - Size and Growth 2022-2030
How big is the automated guided vehicle market in 2021 and how will it be by 2030? Let's discover it.
It is not a secret that automated guided vehicles (agv) brings significant benefits for every industry. It does not matter if you run an automotive factory or an ecommerce fulfilment centre. There is always room for automation improvement and whatever you do or you need… there is a mobile robot for you.
The Automatic Guided Vehicle market is booming, there are many AGV and AMR suppliers worldwide ready to help you.
More and more agv suppliers are springing up like mushrooms ????... it's understandable: technology is becoming more friendly and pricing is decreasing. The entry barrier is lowering.
In the following lines I will provide you some key numbers to help you to understand the automated guided vehicles market dimension.
How big is the AGV market worlwide?
???? The Global Automated Guided Vehicle (AGV) market was valued at $4,017.7 Million in 2021, and is projected to reach $8,661.1 Million by 2030 growing at a CAGR of 8.93% from 2022 to 2030.
???? The Europe AGV market was valued at $1184.0 Million in 2020, and is projected to reach $2,369.3 Million by 2030
???? Asia-Pacific segment is anticipated to reach $3,296.1 Million by 2030 with the highest CAGR of 12.20%
???? North America segment is expected to be the highest contributor to this market, with $1,340.4 Million in 2021, and is anticipated to reach $2,232.5 Million by 2030
????Simply amazing!
These global values mean 122.7 Thousand vehicles in 2021, and is projected to reach 358.7 Thousand Units by 2030.
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Where do these data come from?
Statzon is the only solution on the market to access +200 trusted industry and technology data and insight providers in a single platform.
If you have landed in this page... you're lucky, because agvnetwork registered members have 30 days free free access to all datasets in Statzon.
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What is the automated guided vehicle (agv) market size by Type of Vehicle?
As anticipated, in 2021 global automated guided vehicle market reached 122.7 Thousand Units and could reach 358.7 Thousand Units by 2030
This is really interesting ⚠ ... how is this volume by type of agv?
Automated Pallet Jack segment is expected to be the highest contributor to this market, with 30.000 Units in 2021, and is anticipated to reach 79.500 Units by 2030, registering a CAGR of 11.48%.
Driverless Forklift segment is anticipated to reach 31.200 vehicles by 2030.
Driverless Tow Tractors segments are expected to witness significant growth rates from 27.200 vehicles in 2021 up to 82.000 vehicles in 2030.
Check this out: Assembly Line Vehicles segment is anticipated to reach 99.4 Thousand Units by 2030 with the highest CAGR of 14.97%.
What is the Automated Guided Vehicle market Size by Industry?
Semiconductors & Electronics segment is expected to be the highest contributor to this market, with $919.8 Million in 2021, and is anticipated to reach $1,653.3 Million by 2030, registering a CAGR of 6.73%.
Railways segment is anticipated to reach $593.0 Million by 2030 with the highest CAGR of 11.21%.
Semiconductors & Electronics and Automotive segments collectively expected to account for about 38.6% share of the Global Automated Guided Vehicle (AGV) market in 2021, with the former constituting around 22.9% share.
Railways and Food & Bevergaes segments are expected to witness significant growth rates at a CAGR of 11.21% and 10.57% respectively, during the forecast period.
Presently, share of these two segments is estimated to be around 11.7% in the overall Global Automated Guided Vehicle (AGV) market in 2021, and is anticipated to reach 13.8% by 2030.
So, if you're facing a decision time... better to have the right data.
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Written by Alfredo Pastor Tella (agvnetwork editor).
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