Logistics Industry AGV Market Surges to USD 10.54 Billion by 2031, Propelled by 12.9% CAGR – Verified Market Reports

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

About Us: Verified Market Reports

Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies.

We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

Contact us:

Mr. Edwyne Fernandes

US: +1 (650)-781-4080

US Toll-Free: +1 (800)-782-1768