AGV Market Share

Statistics for the 2023 & 2024 AGV market share, created by Mordor Intelligence™ Industry Reports. AGV share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of AGV Industry

The global automated guided vehicle is moderately fragmented due to many automatic guided vehicle (AGV) market players. Factors such as digital transformation and the advent of integrated Industry 4.0 with IoT deliver considerable growth prospects to automated guided vehicle industries. Key players are Amerden Inc., Swisslog Holding, SSI Schaefer Systems International DWC LLC, etc.

In May 2023, ResGreen International Inc. introduced a new bidirectional BigBuddy, one of the most robust AGVs in the industry that uses magnetic tape to move loads up to 5,000 pounds. The new product expands the company's portfolio of AMRs and AGVs with its full-reversing capability, high-load capacity, and modular design.

In March 2023, Rocla AGV, a Finland-based company, launched a new, agile AGV, an automated compact truck designed to lift heavy loads in narrow spaces. ACT is handy to operate between warehouse and production or inbound and outbound areas.

In October 2022, Daifuku announced the opening of a new manufacturing plant where the plant will combine the operation of existing facilities in Harbor Springs, Pellston, and Boyne City. In the new factory, all Webb baggage handling equipment was to be manufactured, such as luggage carousels, mobile inspection tables, and automatic screening areas. Moreover, it would produce Webb's entire line of AGVs and SmartCarts. The building, in order to make room for future manufacturing expansion within 65,000 square meters of space, included an AGV testing area and conference rooms.

In September 2022, Addverb Technologies announced the development of a new Center of Excellence for Advanced Robotics Research and Development in California. The center was to focus on developing platforms for autonomous mobile robotics and automated guided vehicles, as well as advanced algorithms for human-machine collaboration and biomedical robotics.

Automated Guided Vehicles Market Leaders

  1. KUKA AG

  2. Jungheinrich AG

  3. Murata Machinery Ltd

  4. Daifuku Co. Ltd

  5. SSI Schaefer AG

*Disclaimer: Major Players sorted in no particular order

AGV Market Concentration

Automated Guided Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)