The Global Logistics Industry AGV Market is projected to grow at a CAGR of 12.9% from 2024 to 2031, according to a new report published by Verified Market Reports. The report reveals that the market was valued at USD 4.54 Billion in 2023 and is expected to reach USD 10.54 Billion by the end of the forecast period.
The Logistics Industry AGV Market is propelled by the increasing demand for efficient supply chain management and logistics operations across various industries. As businesses strive to optimize their operations and enhance productivity, intelligent logistics solutions have emerged as a critical enabler. These solutions leverage advanced technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and big data analytics to streamline processes, improve decision-making, and reduce costs.
Scope Of The Report
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2021-2022 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Rocla, Daifuku, Aethon, JBT, DS Automotion, Meidensha, Seegrid, Aichikikai, Yonegy, Toyota, Ek Automation, AGVE Group, Atab, KSEC |
| SEGMENTS COVERED | By Type – Automated Forklift Type, Unit Load Type, Tugger Type, Others By Application – Warehouse, Production Line By Geography – North America, Europe, APAC, Middle East Asia & Rest Of World. |
Logistics Industry AGV Market Overview
- Market Growth: The AGV market in logistics is experiencing robust growth, driven by advancements in automation and the need for efficient supply chain management. Business services research indicates a significant uptick in adoption due to cost-effectiveness and operational efficiency benefits.
- Technological Advancements: Research in supply chain management services highlights the pivotal role of AGVs in integrating with Industry 4.0 technologies like IoT (Internet of Things) and AI (Artificial Intelligence). These advancements enable real-time data analytics and adaptive decision-making, enhancing overall operational agility.
- Sector Adoption: Key sectors such as automotive, e-commerce, and pharmaceuticals are leveraging AGVs extensively. Business services research underscores their role in optimizing warehouse operations, reducing human error, and meeting stringent industry standards efficiently.
- Regional Insights: The AGV market exhibits varied growth patterns across regions. Supply chain management services research points to rapid adoption in North America and Europe, driven by established infrastructure and high labor costs, while Asia-Pacific shows significant growth potential fueled by increasing industrial automation and supportive government initiatives.
Logistics Industry AGV Market Key Players Shaping the Future
Major players, including Rocla, Daifuku, Aethon, JBT, DS Automotion, Meidensha, Seegrid, Aichikikai, Yonegy, Toyota, Ek Automation, AGVE Group, Atab, KSEC and more, play a pivotal role in shaping the future of the Logistics Industry AGV Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
To get market data, market insights, and a comprehensive analysis of the Global Logistics Industry AGV Market, please Contact Verified Market Reports.
Logistics Industry AGV Market Segment Analysis
Logistics Industry AGV Market Segment Analysis Market is segmented on the basis of By Type, By Application And By Geography
By Type
- Automated Forklift Type
- Unit Load Type
- Tugger Type
- Others
By Application
- Warehouse
- Production Line
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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