• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power
weasel agv

Automated guided vehicles market size forecast to be worth $7.3 billion by 2025

February 25, 2019 by Mai Tao

The global automated guided vehicles market size is expected to reach $7.3 billion by 2025, from the current size of more than $2 billion, according to a new report by Grand View Research, registering a 16.5 percent annual growth over the forecast period.

AGVs are transforming the way materials can be moved within manufacturing and distribution facilities.

In a production environment where several operations are carried out simultaneously, these vehicles can ensure predictable and reliable transfer of raw materials as well as manufactured products from one point to another within the facility, thereby eliminating any potential disruption in production. 

These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories such as camera vision and LiDAR sensors.

These can help in detecting junctions, identifying floor signs, and avoiding collisions with obstacles.

india-agv-market
AGV market size and projections for India

Manufacturing plants and warehouses are increasingly deploying material handling equipment for various activities, such as locating stock, picking orders, and moving products and raw materials.

Transportation and logistics firms are particularly under pressure to boost the efficiency of their operations in line with growing demand for their services.

They are hence heavily investing in such equipment. Increasing demand for material handling equipment is expected to boost the AGV market over the forecast period.

The market is witnessing a progressive switch from lead-acid batteries to lithium-ion batteries. Lithium-ion batteries offer several advantages over lead-acid variants. They tend to be lighter and compact.

agv-market applications

Moreover, they can charge faster, offer longer runtimes, and support more charge cycles. Hence, they are considered to be ideal for AGVs, as they need not be charged frequently during operating shifts or in 24×7 operating environments.

AGVs running on lithium-ion batteries can also offer higher round-trip efficiencies.

Further key findings from the report suggest:

  • Adoption of material handling equipment and automation solutions is growing significantly across several industries
  • Rising adoption of AGVs by the automotive as well as automotive supply industry to move intermediate products within facilities is expected to drive the AGVs market
  • The manufacturing industry is increasingly adopting AGVs in order to save on labor costs. While AGVs can operate on a 24×7 basis, costs associated with their procurement and maintenance tend to be lesser than costs incurred on salaries and employee benefits
  • The logistics and warehousing segment is the largest user of AGVs and generated the highest revenue in 2017. It is expected to retain its dominance over the forecast period
  • Europe dominated the global AGVs market in 2017. Asia Pacific is projected to exhibit the highest annual growth of 17.6 percent from 2018 to 2025

Key players in the market include:

  • Swisslog;
  • Egemin Automation;
  • Bastian Solutions;
  • Daifuku;
  • Dematic;
  • JBT Corporation;
  • Seegrid Corporation;
  • Toyota Industries Corporation;
  • Hyster-Yale Group;
  • Balyo;
  • EK Automation;
  • Kollmorgen;
  • KMH Systems;
  • Elettric80;
  • Fetch Robotics;
  • inVia Robotics;
  • Locus Robotics;
  • Schaefer Systems International;
  • System Logistics; and
  • Transbotics.
Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Features, Logistics Tagged With: automated guided vehicles, grand view research

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • Agility Robotics set to open ‘world’s first factory for humanoid robots’
  • Badger Technologies and Stop & Shop stores upgrade Marty the robot
  • Boxbot raises $12 million in Series A financing round
  • ABB plans stunning new robotics hub in Sweden as part of $280 million investment in Europe
  • Vicarious Surgical agrees strategic development plan with Intermountain Health
  • Autonomous yard trucks market predicted to grow at more than 50 percent a year
  • Prescription Oakley Glasses: Where Fashion Meets Eye Health
  • US politicians move to prevent robots from being given weapons
  • DHL bolsters its US network with $74 million Cincinnati/Northern Kentucky investment
  • Ascento rolls out latest security patrolling robot with new $4.3 million funding round

Most Read

  • Snapchat Plus Planet Order 2023 Explained
    Snapchat Plus Planet Order 2023 Explained
  • How to Track a Phone Number on Google Maps
    How to Track a Phone Number on Google Maps
  • Why is Money Important in Our Lives?
    Why is Money Important in Our Lives?
  • The Future of Personal Computers: What to Expect in the Next Decade
    The Future of Personal Computers: What to Expect in the Next Decade
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Otto Group teams up with Boston Dynamics
    Otto Group teams up with Boston Dynamics
  • Drones and the Future of Travel: What’s Next for Airline easyJet?
    Drones and the Future of Travel: What’s Next for Airline easyJet?

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Agility Robotics set to open ‘world’s first factory for humanoid robots’
  • Badger Technologies and Stop & Shop stores upgrade Marty the robot
  • Boxbot raises $12 million in Series A financing round
  • ABB plans stunning new robotics hub in Sweden as part of $280 million investment in Europe
  • Vicarious Surgical agrees strategic development plan with Intermountain Health
  • Autonomous yard trucks market predicted to grow at more than 50 percent a year
  • Prescription Oakley Glasses: Where Fashion Meets Eye Health
  • US politicians move to prevent robots from being given weapons
  • DHL bolsters its US network with $74 million Cincinnati/Northern Kentucky investment
  • Ascento rolls out latest security patrolling robot with new $4.3 million funding round

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

February 2019
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728  
« Jan   Mar »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT