Automotive AGV Market Report 2025 (Global Edition)

Global Automotive AGV Market Report 2025 Market Size Split by Vehicle Type (Tow Vehicle , Unit Load Carrier , Pallet Truck , Forklift Truck , Hybrid Vehicles , Others ), by Application (Logistic...

Automotive AGV Market Report Description

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Competitive Landscape of the Automotive AGV Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

December 2023 - Daifuku Co., Ltd. has announced that it has started operational testing of its newest high-speed, high-rise automated storage and retrieval system (AS/RS) stacker cranes in its new high-rise testing facility at its core production base, Shiga Works.

Top Companies Market Share in Automotive AGV Industry: (In no particular order of Rank)

• Swisslog Holding AG
• Egemin Automation Inc
• Bastian Solutions Inc
• Daifuku Co Ltd
• Dematic
• JBT
• Seegrid Corporation
• TOYOTA INDUSTRIES CORPORATION
• Hyster-Yale Materials Handling Inc
• BALYO
• E&K Automation GmbH
• Kollmorgen
• KMH Fleet Solutions
• ELETTRIC80 S.P.A
• Fetch Robotics Inc
• inVia Robotics Inc
• Locus Robotics
• Schaefer Systems International Inc
• System Logistics Spa
• Transbotics (A division of Scott Systems International Incorporated)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automotive AGV Market

Which Region will dominate the Automotive AGV Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The demand for effective material handling solutions in the automotive manufacturing industry and automation improvements is driving considerable growth in the North American automotive AGV (Automated Guided Vehicle) market. Market expansion is fueled by the growing adoption of AGVs for tasks including material mobility and assembly line transportation. The market is growing in the region due to factors like cost-effectiveness and enhanced safety features.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in reagent sales. The emphasis on automation, efficiency, and sustainability in automotive manufacturing in the region is propelling the strong growth of the European automotive AGV (Automated Guided Vehicle) market. The usage of AGVs in material handling, assembly line transportation, and warehouse logistics is growing. The market is growing throughout Europe due to several factors, including the demand for streamlined operations, strict safety standards, and technology improvements.

The current report Scope analyzes Automotive AGV Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive AGV Market

According to Cognitive Market Research, the global Automotive AGV market size was estimated at USD 5261.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2104.48  million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The market for automotive guided vehicles, or AGVs, is expanding significantly in North America because to the growing demand for effective material handling solutions in the automotive manufacturing sector and automation improvements. AGVs are being progressively incorporated into assembly line operations to improve production efficiency and safety standards, making the Assembly segment stand out among the others. The North American automotive AGV market is expected to grow further with a sustained emphasis on technological innovation and efficient operations. This presents a substantial opportunity for local suppliers and manufacturers.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Automotive AGV market with a market size of USD 1660.43 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The demand is amplified by the increasing adoption of automation in manufacturing to enhance productivity and reduce labor costs. 
• The Canada Automotive AGV market had a market share of USD 252.54 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's the presence of a robust automotive industry.
• The Mexico Automotive AGV market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 191.51 million in 2024.

 

Europe Automotive AGV Market

According to Cognitive Market Research, with a market value of USD 5261.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 1578.36 million. The European market for automated guided vehicles, or AGVs, is expanding rapidly due to the region's emphasis on sustainability and automation in the automobile industry. AGVs are being used more and more for material transport and inventory management in the logistics and warehousing sector, which makes it stand out among the other categories. This increases the efficiency of logistical operations. Europe's automotive AGV market is expected to grow further, with an emphasis on cost-effective automation solutions and technology improvements. This presents many chances for businesses to fulfill the changing demands of the automotive sector and optimize their production processes.

• The United Kingdom Automotive AGV market had a market share of USD 265.16 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Automotive AGV sales witness an upswing due to the nation's growing demand for efficient material handling solutions. 
• The France Automotive AGV market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 145.21 million in 2024.
• According to Cognitive Market Research, the Germany Automotive AGV market size was valued at USD 312.52 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Automotive AGV sales surge due to the nation's technological advancements in AGV systems. 
• The Italy Automotive AGV market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 135.74 million in 2024.
• The Russia Automotive AGV market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 244.65 million in 2024.
• The Spain Automotive AGV market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 129.43 million in 2024.
• The Luxembourg Automotive AGV market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 48.93 million in 2024.
• The Portugal Automotive AGV market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 33.15 million in 2024.
• The Greece Automotive AGV market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 18.94 million in 2024.
• Rest of Europe Automotive AGV market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 244.65 million in 2024.

 

Asia Pacific Automotive AGV Market

According to Cognitive Market Research, the global Automotive AGV market size was estimated at USD 5261.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1210.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. The booming automotive manufacturing industry and the increasing adoption of automation technologies are driving the rapid expansion of the Automotive AGV (Automated Guided Vehicle) market in the Asia Pacific region. AGVs are used in the Manufacturing Sector Wholesale to facilitate effective material handling and production operations, making it a standout segment within the group. The growing demand for improved productivity and streamlined logistics, along with the region's emphasis on technological innovation and cost-effective solutions, make the Asia Pacific Automotive AGV market a promising place for businesses hoping to take advantage of the region's developing manufacturing landscape and growing automotive industry.

• According to Cognitive Market Research, the China Automotive AGV market size was valued at USD 544.53 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Automotive AGV sales surge in China due to the country's rapid industrialization.
• The Japan Automotive AGV market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 166.99 million in 2024.
• The India Automotive AGV market had a market share of USD 145.21 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. The demand is augmented by India's expansion of its automotive manufacturing sector.
• The South Korea Automotive AGV market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 121.01 million in 2024.
• The Australia Automotive AGV market is projected to witness growth at a CAGR of 9.7% during the forecast period with a market size of USD 62.92 million in 2024.
• The South East Asia Automotive AGV market is projected to witness growth at a CAGR of 11.0% during the forecast period with a market size of USD 83.50 million in 2024.
• The Rest of Asia Pacific Automotive AGV market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 85.92 million in 2024.

 

South America Automotive AGV Market

According to Cognitive Market Research, the global Automotive AGV market size was estimated at USD 5261.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 263.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. The market for automotive AGVs (automated guided vehicles) is expanding rapidly in Latin America due to the region's growing industrialization and use of automation in production processes. One of the most notable segments is Distribution Sector Wholesale, where AGVs are used for material transport and inventory control in warehouses and distribution centers. The growing automotive industry in Latin America, along with a focus on cost-cutting and improved operational efficiency, make the region's automotive AGV market a potential place for businesses looking to streamline their logistical processes and maintain their competitive edge.

• According to Cognitive Market Research, the Brazil Automotive AGV market size was valued at USD 112.59 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Automotive AGV sales flourish in Brazil due to the government initiatives promoting automation and smart manufacturing.
• The Argentina Automotive AGV market had a market share of USD 44.19 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. The demand is augmented by Argentina's commitment to labor costs.
• The Colombia Automotive AGV market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 23.41 million in 2024.
• The Peru Automotive AGV market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 21.57 million in 2024.
• The Chile Automotive AGV market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 18.94 million in 2024.
• The Rest of Latin America Automotive AGV market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 42.35 million in 2024.

 

Middle East Automotive AGV Market

According to Cognitive Market Research, the global Automotive AGV market size was estimated at USD 5261.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 105.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The automotive AGV (Automated Guided Vehicle) market in the Middle East and Africa is expanding gradually due to the region's growing industrialization and use of automation in production processes. AGVs are used in the logistics and warehousing area, which is particularly notable among the others, for the effective management of inventory and material transportation in warehouses and distribution centers. The Middle East and Africa Automotive AGV market offers promising opportunities for companies looking to optimize their logistics operations and maintain their competitiveness in the market. The region's growing automotive industry, along with a focus on cost reduction and improved operational efficiency, make this market appealing.

• According to Cognitive Market Research, the GCC Countries Automotive AGV market size was valued at USD 45.04 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Automotive AGV sales flourish in the GCC Countries due to the region's rapidly growing e-commerce industries.
• The Egypt Automotive AGV market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 11.05 million in 2024.
• The South Africa Automotive AGV market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 16.63 million in 2024. Automotive AGV sales flourish in the South Africa due to development to enhance AGV technology.
• The Turkey Automotive AGV market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 9.05 million in 2024.
• The Nigeria Automotive AGV market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 11.05 million in 2024.
• The Rest of MEA Automotive AGV market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 12.42 million in 2024.

 

Automotive AGV Market Analysis

Automotive AGV Vehicle Type Segment Analysis

According to Cognitive Market Research, Tow Vehicle held the major market share over the forecast period. The market for automotive automated guided vehicles, or AGVs, is growing, and one major growth factor for this industry is the Tow Vehicle category. Automotive manufacturing plants increasingly use tow vehicles because they can move big loads quickly, optimize material handling procedures, and boost overall productivity. This market is expanding because of cost-effectiveness, demand for flexible automation solutions, and technical improvements.

Unit Load Carriers are the fastest-growing category over the forecast period. Within the Automotive AGV (Automated Guided Vehicle) market, the category is growing at a rapid pace. These carriers provide effective internal goods transportation and are essential to automating material handling procedures in the automotive manufacturing industry. The Unit's expansion is driven by the growing need for cost-effective automation solutions, improved production efficiency, and streamlined logistics.

• Tow Vehicle 
• Unit Load Carrier 
• Pallet Truck 
• Forklift Truck 
• Hybrid Vehicles 
• Others 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive AGV Industry. Request a Free Sample PDF!

Automotive AGV Application Segment Analysis

According to Cognitive Market Research, Logistics and Warehousing hold a prominent market share. The Automotive AGV (Automated Guided Vehicle) industry is expanding due in large part to the Logistics and warehousing segment. AGVs are being used more and more in the automobile sector for order picking, inventory management, and product transportation in warehousing and logistics operations. The demand for cost-effective automation solutions, streamlined warehousing procedures, and effective material handling drives this market's growth.

Assembly is the fastest-growing category over the forecast period. The growth of the automotive AGV (Automated Guided Vehicle) market is accelerated by the assembly segment. AGVs make transporting parts, components, and completed goods easier along assembly lines in the automotive industry. This integration is growing. The desire for higher safety standards, less physical work, and increased manufacturing efficiency drives this acceptance. The enlargement of the Assembly segment emphasizes

the increasing use of automation in the procedures involved in car assembly.

• Logistics and Warehousing 
• Transportation 
• Cold Storage 
• Wholesale & Distribution 
• Cross-docking 
• Assembly 
• Packaging 
• Trailer Loading and Unloading 
• Raw Material Handling 
• Others 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive AGV End User Segment Analysis

According to cognitive market research, the wholesale manufacturing sector held the major market share during the forecast period. The automotive AGV (automated guided vehicle) industry is growing primarily due to the wholesale manufacturing sector. AGVs are increasingly used in the manufacturing industry's wholesale distribution for activities including material transportation, order fulfillment, and inventory management. This adoption highlights the growing significance of AGVs in wholesale distribution within the manufacturing sector. It is driven by the need for more efficient operations, increased productivity, and affordable automation solutions.

The distribution sector has been the fastest-growing category over the forecast period. The automotive AGV (Automated Guided Vehicle) market is growing thanks to the Wholesale Distribution Sector. AGVs are used more frequently in wholesale distribution operations to handle inventory control, order fulfillment, and material transportation, among other duties. The necessity for improved productivity, economical automation solutions, and effective logistics drives this adoption, underscoring the increasing importance of AGVs in the automotive industry's wholesale distribution.

• Manufacturing Sector 
• Automotive 
• Aerospace 
• Electronics 
• Chemical 
• Pharmaceuticals 
• Plastics 
• Defense 
• FMCG 
• Tissue 
• Others 
• Wholesale and Distribution Sector 
• E-commerce 
• Retail Chains/Conveyance Stores 
• Grocery Stores 
• Hotels and Restaurants 

Automotive AGV Navigation Technology Segment Analysis

According to Cognitive Market Research, Laser Guidance held the major market share over the forecast period. Automotive AGV (Automated Guided Vehicle) technology is transforming the market and propelling tremendous growth. AGVs with laser guidance systems in automotive manufacturing plants improve safety and efficiency by providing precise navigation and obstacle avoidance capabilities. This technology can optimize material handling operations by allowing AGVs to operate autonomously in dynamic situations. The growing utilization of laser guidance systems highlights their essential function in propelling the Automotive AGV industry.

Magnetic Guidance is the fastest-growing category over the forecast period. The market for automated guided vehicles, or AGVs, in the automotive industry is expanding, thanks in large part to magnetic guidance technology. In automotive manufacturing settings, AGVs with magnetic guiding systems improve efficiency and safety by providing accurate positioning and dependable navigation. This technology streamlines material handling procedures, making AGV autonomy possible. The growing use of magnetic guiding systems highlights their essential part in driving the market for automotive AGVs.

• Laser Guidance 
• Magnetic Guidance 
• Vision Guidance 
• Inductive Guidance 
• Natural Navigation 
• Others 

Automotive AGV Computer Segment Analysis

According to Cognitive Market Research, Hardware held the major market share over the forecast period. The hardware segment is an important factor fueling the growth of the automotive AGV (Automated Guided Vehicle) market. Robust hardware elements, including sensors, controllers, and actuators, are essential for enabling the autonomous operation of AGVs in automotive manufacturing settings. The hardware market is expanding because of increased demand for reliable, high-performing material handling solutions and technological developments, particularly in AGV systems.

Software is the fastest-growing category over the forecast period. The software segment is an important driving force behind the expansion of the automotive AGV (Automated Guided Vehicle) market. For activities including fleet administration, route planning, and navigation, AGVs rely on sophisticated software solutions. This market sector is expanding due to the growing need for advanced AGV software from automakers who want to improve production efficiency and optimize logistics operations.

• Hardware 
• Software 
• Service 

Automotive AGV Battery Type Segment Analysis

According to Cognitive Market Research, Lead Battery held the major market share over the forecast period. The market for automobile automated guided vehicles, or AGVs, is growing due in large part to advancements in lead battery technology. Lead-battery-powered AGVs provide dependable power sources for extended operation in auto manufacturing facilities. Lead battery technology is essential for supplying AGVs with power as the need for effective material handling solutions grows. This helps to drive the expansion and uptake of automated solutions in the automotive sector.

The lithium-ion battery is the fastest-growing category over the forecast period. Lithium-ion battery technology is a significant driving force behind the expansion of the automotive AGV (Automated Guided Vehicle) business. Compared to conventional lead-acid batteries, lithium-ion batteries powering AGVs provide better performance, longer operational lifespans, and faster charging capabilities. The growing number of car manufacturers utilizing AGVs powered by lithium-ion batteries is a result of their pursuit of more sustainable and effective material handling solutions.

• Lead Battery 
• Lithium-Ion Battery 
• Nickel-based Battery 
• Others 

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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