Automated Guided Vehicle Market Report 2026

The automated guided vehicle market size has grown rapidly in recent years. It will grow from $5.72 billion in 2025 to $6.41 billion in 2026 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing automation in manufacturing facilities, rising labor shortages in industrial operations, expansion of e-commerce warehousing, growing adoption of lean manufacturing practices, improvements in navigation and sensor technologies.

The automated guided vehicle market size is expected to see rapid growth in the next few years. It will grow to $10.02 billion in 2030 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing investments in smart factories, rising demand for fully autonomous logistics operations, expansion of agv use in non-industrial sectors, growing integration of ai-based fleet management, increasing focus on operational efficiency and throughput. Major trends in the forecast period include increasing adoption of vision-guided agvs, rising deployment of autonomous material handling systems, growing integration with warehouse management software, expansion of flexible and scalable agv fleets, enhanced focus on safety and collision avoidance.

The growth of the e-commerce and retail industries is expected to drive the automated guided vehicle market. E-commerce, the buying and selling of products and services through electronic networks such as the internet, is expanding due to shifting consumer preferences, increased convenience, and personalized experiences. Automated guided vehicles (AGVs) in e-commerce warehouses and retail hubs streamline material handling, improve packaging, and optimize supply chain operations. For instance, in August 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales in Q2 2024 rose 1.3% from the previous quarter to $291.6 billion, while total retail sales increased 0.5% to $1.82 trillion, with e-commerce sales up 6.7% compared to Q2 2023. Therefore, the rise in e-commerce and retail is driving demand for automated guided vehicles.

Key companies in the automated guided vehicle market are developing advanced solutions such as modular AGVs to enable faster deployment, reduce operational costs, and support scalable automation in dynamic industrial environments. A modular AGV is a self-guided robotic platform with interchangeable modules that autonomously perform material-handling tasks while adapting to varied operational requirements. For example, in March 2025, Scott Technology, a US-based provider of industrial automation and material-handling systems, launched NexBot. The system features a configurable modular design allowing selection of lifting, towing, conveying, or counterbalance modules tailored to specific workflows, while its LiDAR-based navigation and fleet management capabilities ensure safe and efficient operations. NexBot integrates seamlessly with warehouse management and enterprise resource planning systems, supporting scalable automation and continuous 24/7 performance in demanding logistics settings.

In January 2023, Barcoding Inc., a US-based company specializing in supply chain automation, announced its acquisition of FRED Automation Inc. for an undisclosed amount. This acquisition aims to strengthen Barcoding's capabilities in industrial automation and improve efficiency in manufacturing and warehouse operations. FRED Automation Inc. is a US-based company that specializes in automated guided vehicles.

Major companies operating in the automated guided vehicle market are Balyo, Daifuku Co Ltd., E&K Automation GmbH, JBT Corporation, Kuka AG, Oceaneering International Inc, Seegrid Corporation, Schaefer Systems International Inc., Toyota Material Handling, Swisslog Holding AG, Bastian Solution, Dematic, Kollmorgen, Elettric80 S.P.A., Fetch Robotics Inc., Krones AG, SMARLOGY AGV and AMR, Wellwit Robotics, ADDVERB, AGVE GROUP, AGILOX, Creform Corporation, KMH Systems Inc., DF Automation and Robotics Sdn. Bhd., DS AUTOMOTION GmbH, Konecranes and Demag Private Limited, Egemin Automation Inc.

Asia-Pacific was the largest region in the automated guided vehicle market in 2025. The regions covered in the automated guided vehicle market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated guided vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automated guided vehicle market consists of sales of heavy burden carriers, portable robots, mobile robots, pallets, wheeled transport trolley. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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