Table of Content

"1    INTRODUCTION    30
1.1    STUDY OBJECTIVES    30
1.2    DEFINITION    30
1.2.1    INCLUSIONS AND EXCLUSIONS    31
1.3    STUDY SCOPE    31
1.3.1    MARKETS COVERED    31
1.3.2    GEOGRAPHIC SCOPE    32
1.3.3    YEARS CONSIDERED    32
1.4    CURRENCY    33
1.5    STAKEHOLDERS    33
1.6    SUMMARY OF CHANGES    33
2    RESEARCH METHODOLOGY    35
2.1    RESEARCH DATA    35
FIGURE 1    AUTOMATED GUIDED VEHICLE MARKET: RESEARCH DESIGN    35
2.1.1    SECONDARY DATA    36
2.1.1.1    Key data from secondary sources    36
2.1.2    PRIMARY DATA    37
2.1.2.1    Primary interviews with experts    37
2.1.2.2    Key data from primary sources    37
2.1.2.3    Key industry insights    38
2.1.2.4    Breakdown of primaries    38
2.2    MARKET SIZE ESTIMATION    38
2.2.1    BOTTOM-UP APPROACH    39
FIGURE 2    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    39
2.2.1.1    Approach for arriving at market size using bottom-up analysis (demand side)    39
2.2.2    TOP-DOWN APPROACH    40
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    40
2.2.2.1    Approach for arriving at market size using top-down analysis
(supply side)    40
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS OF AGV MARKET    41
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    42
FIGURE 5    DATA TRIANGULATION    42
2.4    RESEARCH ASSUMPTIONS AND LIMITATIONS    43
2.4.1    ASSUMPTIONS    43
FIGURE 6    ASSUMPTIONS FOR RESEARCH STUDY    43
2.4.2    LIMITATIONS    43
2.4.3    RISK ASSESSMENT    44
FIGURE 7    RISK ASSESSMENT OF RESEARCH STUDY    44
3    EXECUTIVE SUMMARY    45
FIGURE 8    IMPACT ANALYSIS OF COVID-19 ON AGV MARKET    45
3.1    REALISTIC SCENARIO    46
TABLE 1    AGV MARKET, POST-COVID-19 REALISTIC SCENARIO, 2021–2026    46
3.2    PESSIMISTIC SCENARIO    46
TABLE 2    AGV MARKET: POST-COVID-19 PESSIMISTIC SCENARIO, 2021–2026    46
3.3    OPTIMISTIC SCENARIO    47
TABLE 3    AGV MARKET: POST-COVID-19 OPTIMISTIC SCENARIO, 2021–2026    47
FIGURE 9    TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF AGV MARKET  IN 2021    47
FIGURE 10    LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET DURING FORECAST PERIOD    48
FIGURE 11    AUTOMOTIVE INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF  AGV MARKET IN 2021    48
FIGURE 12    AGV MARKET IN APAC TO GROW HIGHEST CAGR FROM 2021 TO 2026    49
4    PREMIUM INSIGHTS    50
4.1    APAC TO PROVIDE LUCRATIVE OPPORTUNITIES FOR AGV MARKET IN COMING YEARS    50
FIGURE 13    ATTRACTIVE GROWTH OPPORTUNITIES IN AGV MARKET    50
4.2    AGV MARKET, BY TYPE    50
FIGURE 14    TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET
IN 2021    50
4.3    AGV MARKET, BY INDUSTRY    51
FIGURE 15    AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET  
IN 2021    51
4.4    AGV MARKET, BY NAVIGATION TECHNOLOGY AND REGION    51
FIGURE 16    LASER GUIDANCE SEGMENT AND EUROPE TO DOMINATE AGV MARKET
IN 2021    51
4.5    AGV MARKET, BY REGION    52
FIGURE 17    AGV MARKET TO WITNESS HIGHEST CAGR IN CHINA AND MEXICO DURING FORECAST PERIOD    52
5    MARKET OVERVIEW    53
5.1    INTRODUCTION    53
5.2    MARKET DYNAMICS    53
FIGURE 18    AUTOMATED GUIDED VEHICLE MARKET DYNAMICS    53
5.2.1    DRIVERS    54
5.2.1.1    Increasing demand for automation solutions in material handling processes across industries    54
5.2.1.2    Growing demand for AGVs from e-commerce post COVID-19 outbreak    54
5.2.1.3    Rising focus on improving workplace safety    55
5.2.1.4    Marked shift to mass customization from mass production    55
FIGURE 19    IMPACT ANALYSIS OF DRIVERS    56
5.2.2    RESTRAINTS    56
5.2.2.1    High installation, maintenance, and switching costs associated with AGVs    56
5.2.2.2    Increasing preference for mobile robots over AGVs in retail and
e-commerce industries    57
5.2.2.3    Decreased demand for automated guided vehicles owing to
COVID-19    57
5.2.2.4    Lack of flexibility and obstacle resistance in AGVs    57
FIGURE 20    IMPACT ANALYSIS OF RESTRAINTS    58
5.2.3    OPPORTUNITIES    58
5.2.3.1    Adoption of industry 4.0 technologies in warehousing    58
5.2.3.2    Growing adoption of industrial automation by SMEs    58
5.2.3.3    Substantial growth of industrial sector in emerging economies    59
5.2.3.4    Presence of huge intralogistics sector in Southeast Asia    59
FIGURE 21    IMPACT ANALYSIS OF OPPORTUNITIES    59
5.2.4    CHALLENGES    60
5.2.4.1    Low labor costs restricting adoption of AGVs in emerging economies    60
5.2.4.2    Technical challenges related to sensing elements    60
FIGURE 22    IMPACT ANALYSIS OF CHALLENGES    60
5.3    VALUE CHAIN ANALYSIS    61
FIGURE 23    VALUE CHAIN ANALYSIS OF AGV MARKET    61
5.4    ECOSYSTEM    62
FIGURE 24    ECOSYSTEM    62
TABLE 4    AGV MARKET: ECOSYSTEM    63
5.5    TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS    64
FIGURE 25    REVENUE SHIFT FOR AGV MARKET    64
5.6    PORTER’S FIVE FORCES ANALYSIS    64
TABLE 5    AGV MARKET: PORTER’S FIVE FORCES ANALYSIS    64
5.7    CASE STUDY ANALYSIS    65
TABLE 6    MARKET ASSESSMENT FOR CUSTOM-ENGINEERED AUTOMATED GUIDED VEHICLES    65
TABLE 7    MARKET ASSESSMENT FOR LARGE AGV FLEET    65
TABLE 8    MARKET ASSESSMENT FOR LASER-GUIDED TUGGER VEHICLE    66
5.8    TECHNOLOGY ANALYSIS    66
5.8.1    IOT    66
5.8.2    5G    67
5.8.3    MACHINE LEARNING    67
5.9    PRICING ANALYSIS    67
TABLE 9    AVERAGE SELLING PRICE OF AGVS    67

5.10    TRADE ANALYSIS    68
5.10.1    IMPORT SCENARIO    68
FIGURE 26    IMPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION)    68
5.10.2    EXPORT SCENARIO    69
FIGURE 27    EXPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION)    69
5.11    PATENT ANALYSIS    69
FIGURE 28    TOP 10 COMPANIES/INSTITUTIONS WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS    69
TABLE 10    TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS    70
TABLE 11    LIST OF FEW PATENTS IN AGV MARKET, 2019–2020    71
5.12    REGULATORY LANDSCAPE    72
5.12.1    SAFETY STANDARDS FOR AGVS    72
TABLE 12    SAFETY STANDARDS FOR AGVS    72
6    EMERGING TECHNOLOGIES AND APPLICATIONS OF AGVS    73
6.1    INTRODUCTION    73
FIGURE 29    EMERGING TECHNOLOGIES USED IN AGVS    73
6.2    EMERGING TECHNOLOGIES USED IN AGVS    73
6.2.1    LIDAR SENSORS    73
6.2.1.1    LiDAR Sensors help to create 360-degree maps for AGVs    73
6.2.2    CAMERA VISION    74
6.2.2.1    AGVS can “see” with camera vision    74
6.2.3    DUAL MODE AGVS    74
6.2.3.1    Dual mode operation offers increased flexibility    74
6.3    LATEST APPLICATIONS OF AGVS    74
6.3.1    HOSPITALS    74
6.3.2    THEME PARKS    74
7    BATTERY TYPES AND CHARGING ALTERNATIVES FOR AGVS    76
7.1    INTRODUCTION    76
7.2    TYPES OF BATTERIES USED IN AGVS    76
FIGURE 30    TYPES OF BATTERIES USED IN AGVS    76
7.2.1    LEAD-ACID BATTERY    76
7.2.2    LITHIUM-ION BATTERY    77
7.2.3    NICKEL-BASED BATTERY    77
7.2.4    OTHERS    77
7.3    BATTERY CHARGING ALTERNATIVES    77
7.3.1    AUTOMATIC AND OPPORTUNITY CHARGING    77
7.3.1.1    Wireless charging    77
7.3.2    BATTERY SWAP    78
7.3.2.1    Automatic battery swap    78

8    AGV OFFERINGS    79
8.1    INTRODUCTION    79
FIGURE 31    AGV OFFERINGS    79
8.2    HARDWARE    79
8.3    SOFTWARE & SERVICES    80
9    AUTOMATED GUIDED VEHICLE MARKET, BY TYPE    81
9.1    INTRODUCTION    82
FIGURE 32    AUTOMATED GUIDED VEHICLE MARKET, BY TYPE    82
FIGURE 33    TOW VEHICLES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SIZE
OF  AGV MARKET IN 2021    83
TABLE 13    AGV MARKET, BY TYPE, 2017–2020 (USD MILLION)    83
TABLE 14    AGV MARKET, BY TYPE, 2021–2026 (USD MILLION)    83
9.2    TOW VEHICLES    84
9.2.1    TOW VEHICLES CAN CARRY A LIMITED VARIETY OF LOADS AND OFTEN HAVE A SIMPLER GUIDE PATH    84
TABLE 15    AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY,  
2017–2020 (USD MILLION)    85
TABLE 16    AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY,  
2021–2026 (USD MILLION)    85
TABLE 17    AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2017–2020 (USD MILLION)    86
TABLE 18    AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2021–2026 (USD MILLION)    86
TABLE 19    AGV MARKET FOR TOW VEHICLES, BY REGION, 2017–2020 (USD MILLION)    87
TABLE 20    AGV MARKET FOR TOW VEHICLES, BY REGION, 2021–2026 (USD MILLION)    87
9.3    UNIT LOAD CARRIERS    87
9.3.1    UNIT LOAD CARRIERS ARE IDEAL FOR HANDLING LARGE VOLUMES OF LOAD    87
TABLE 21    AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY,  2017–2020 (USD MILLION)    88
TABLE 22    AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY,  2021–2026 (USD MILLION)    88
TABLE 23    AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2017–2020
(USD MILLION)    89
TABLE 24    AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2021–2026
(USD MILLION)    89
TABLE 25    AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2017–2020
(USD MILLION)    90
TABLE 26    AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2021–2026
(USD MILLION)    90
9.4    PALLET TRUCKS    90
9.4.1    PALLET TRUCKS ARE IDEAL FOR GROUND-LEVEL OPERATIONS    90
TABLE 27    AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY,  
2017–2020 (USD MILLION)    91
TABLE 28    AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY,  
2021–2026 (USD MILLION)    91
TABLE 29    AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2017–2020
(USD MILLION)    92
TABLE 30    AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2021–2026
(USD MILLION)    92
TABLE 31    AGV MARKET FOR PALLET TRUCKS, BY REGION, 2017–2020 (USD MILLION)    93
TABLE 32    AGV MARKET FOR PALLET TRUCKS, BY REGION, 2021–2026 (USD MILLION)    93
9.5    ASSEMBLY LINE VEHICLES    93
9.5.1    ASSEMBLY LINE VEHICLES ARE USED TO CARRY OUT SERIAL ASSEMBLY OPERATIONS    93
TABLE 33    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY,  2017–2020 (USD MILLION)    94
TABLE 34    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY,  2021–2026 (USD MILLION)    94
TABLE 35    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2017–2020 (USD MILLION)    95
TABLE 36    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2021–2026 (USD MILLION)    95
TABLE 37    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2017–2020
(USD MILLION)    96
TABLE 38    AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2021–2026
(USD MILLION)    96
9.6    FORKLIFT TRUCKS    96
9.6.1    FORKLIFT TRUCKS ARE USED FOR FLOOR-TO-FLOOR AND FLOOR-
TO-RACKING OPERATIONS    96
TABLE 39    AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY,  
2017–2020 (USD MILLION)    97
TABLE 40    AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY,  
2021–2026 (USD MILLION)    97
TABLE 41    AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2017–2020
(USD MILLION)    98
TABLE 42    AGV MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2021–2026
(USD MILLION)    98
TABLE 43    AGV MARKET FOR FORKLIFT TRUCKS, BY REGION, 2017–2020
(USD MILLION)    99
TABLE 44    AGV MARKET FOR FORKLIFT TRUCKS, BY REGION, 2021–2026
(USD MILLION)    99
9.7    OTHERS    99
TABLE 45    AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY,  2017–2020 (USD MILLION)    100
TABLE 46    AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY,  2021–2026 (USD MILLION)    100
TABLE 47    AGV MARKET FOR OTHER TYPES, BY INDUSTRY, 2017–2020 (USD MILLION)    101
TABLE 48    AGV MARKET FOR OTHER TYPES, BY INDUSTRY, 2021–2026 (USD MILLION)    101
TABLE 49    AGV MARKET FOR OTHER TYPES, BY REGION, 2017–2020 (USD MILLION)    102
TABLE 50    AGV MARKET FOR OTHER TYPES, BY REGION, 2021–2026 (USD MILLION)    102

10    AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY    103
10.1    INTRODUCTION    104
FIGURE 34    AUTOMATED GUIDED VEHICLE MARKET, BY NAVIGATION TECHNOLOGY    104
FIGURE 35    LASER GUIDANCE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF  AGV MARKET IN 2026    104
TABLE 51    AGV MARKET, BY NAVIGATION TECHNOLOGY, 2017–2020 (USD MILLION)    105
TABLE 52    AGV MARKET, BY NAVIGATION TECHNOLOGY, 2021–2026 (USD MILLION)    105
10.2    LASER GUIDANCE    106
10.2.1    LASER GUIDANCE AGV – THE MOST ACCURATE AND FLEXIBLE SYSTEM    106
TABLE 53    AGV MARKET FOR LASER GUIDANCE, BY VEHICLE TYPE, 2017–2020
(USD MILLION)    106
TABLE 54    AGV MARKET FOR LASER GUIDANCE, BY VEHICLE TYPE, 2021–2026
(USD MILLION)    107
10.3    MAGNETIC GUIDANCE    107
10.3.1    MAGNETIC GUIDANCE AGVS OFFER SAFEST AND MOST RELIABLE TRANSPORTATION    107
TABLE 55    AGV MARKET FOR MAGNETIC GUIDANCE, BY VEHICLE TYPE, 2017–2020 (USD MILLION)    108
TABLE 56    AGV MARKET FOR MAGNETIC GUIDANCE, BY VEHICLE TYPE, 2021–2026 (USD MILLION)    108
10.4    INDUCTIVE GUIDANCE    109
10.4.1    INDUCTIVE GUIDANCE AGVS WORK IN TOUGHEST INDUSTRIAL SETUPS    109
TABLE 57    AGV MARKET FOR INDUCTIVE GUIDANCE, BY VEHICLE TYPE, 2017–2020 (USD MILLION)    109
TABLE 58    AGV MARKET FOR INDUCTIVE GUIDANCE, BY VEHICLE TYPE, 2021–2026 (USD MILLION)    110
10.5    OPTICAL TAPE GUIDANCE    110
10.5.1    OPTICAL TAPE GUIDANCE – EASY AND CONVENIENT SOLUTION FOR AGVS    110
TABLE 59    AGV MARKET FOR OPTICAL TAPE GUIDANCE, BY VEHICLE TYPE,  2017–2020 (USD MILLION)    111
TABLE 60    AGV MARKET FOR OPTICAL TAPE GUIDANCE, BY VEHICLE TYPE,  2021–2026 (USD MILLION)    111
10.6    VISION GUIDANCE    112
10.6.1    VISION GUIDED VEHICLES PROVIDE RELIABILITY IN DYNAMIC ENVIRONMENTS AND MANEUVERABILITY IN COMPLEX SPACES    112
TABLE 61    AGV MARKET FOR VISION GUIDANCE, BY VEHICLE TYPE, 2017–2020
(USD MILLION)    112
TABLE 62    AGV MARKET FOR VISION GUIDANCE, BY VEHICLE TYPE, 2021–2026
(USD MILLION)    113
10.7    OTHERS    113
TABLE 63    AGV MARKET FOR OTHER NAVIGATION TECHNOLOGIES, BY VEHICLE TYPE,  2017–2020 (USD MILLION)    114
TABLE 64    AGV MARKET FOR OTHER NAVIGATION TECHNOLOGIES, BY VEHICLE TYPE,  2021–2026 (USD MILLION)    114

11    AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY    115
11.1    INTRODUCTION    116
FIGURE 36    AUTOMATED GUIDED VEHICLE MARKET, BY INDUSTRY    116
FIGURE 37    AUTOMOTIVE SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF  AGV MARKET FROM 2021 TO 2026    117
TABLE 65    AGV MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)    117
TABLE 66    AGV MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)    118
11.2    AUTOMOTIVE    119
11.2.1    AUTOMOTIVE INDUSTRY—LARGEST CONTRIBUTOR TO GLOBAL AGV MARKET    119
FIGURE 38    EUROPE TO LEAD AGV MARKET FOR AUTOMOTIVE FROM 2021 TO 2026    119
TABLE 67    AGV MARKET FOR AUTOMOTIVE, BY TYPE, 2017–2020 (USD MILLION)    120
TABLE 68    AGV MARKET FOR AUTOMOTIVE, BY TYPE, 2021–2026 (USD MILLION)    120
TABLE 69    AGV MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)    120
TABLE 70    AGV MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)    121
11.3    METALS & HEAVY MACHINERY    121
11.3.1    AGVS EASE WORKFLOW IN METALS & HEAVY MACHINERY INDUSTRIES    121
TABLE 71    AGV MARKET FOR METALS & HEAVY MACHINERY, BY TYPE, 2017–2020
(USD MILLION)    122
TABLE 72    AGV MARKET FOR METALS & HEAVY MACHINERY, BY TYPE, 2021–2026
(USD MILLION)    122
TABLE 73    AGV MARKET FOR METALS & HEAVY MACHINERY, BY REGION,  2017–2020 (USD MILLION)    122
TABLE 74    AGV MARKET FOR METALS & HEAVY MACHINERY, BY REGION,  2021–2026 (USD MILLION)    123
11.4    FOOD & BEVERAGES    123
11.4.1    MORE AGVS ADOPTED TO MEET INCREASING GLOBAL FOOD DEMAND    123
FIGURE 39    EUROPE TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET FOR FOOD & BEVERAGES FROM 2021 TO 2026    124
TABLE 75    AGV MARKET FOR FOOD & BEVERAGES, BY TYPE, 2017–2020 (USD MILLION)    124
TABLE 76    AGV MARKET FOR FOOD & BEVERAGES, BY TYPE, 2021–2026 (USD MILLION)    125
TABLE 77    AGV MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2020
(USD MILLION)    125
TABLE 78    AGV MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2026
(USD MILLION)    125
11.5    CHEMICALS    126
11.5.1    INCREASING CHEMICAL PRODUCTION LEADING TO MORE  AGV ADOPTION    126
TABLE 79    AGV MARKET FOR CHEMICALS, BY TYPE, 2017–2020 (USD MILLION)    126
TABLE 80    AGV MARKET FOR CHEMICALS, BY TYPE, 2021–2026 (USD MILLION)    127
TABLE 81    AGV MARKET FOR CHEMICALS, BY REGION, 2017–2020 (USD MILLION)    127
TABLE 82    AGV MARKET FOR CHEMICALS, BY REGION, 2021–2026 (USD MILLION)    127
11.6    HEALTHCARE    128
11.6.1    AGVS HAVE GAINED RELEVANCE IN HEALTHCARE DUE TO COVID-19 PANDEMIC    128
FIGURE 40    UNIT LOAD CARRIERS SEGMENT TO OVERTAKE TOW VEHICLE SEGMENT IN AGV MARKET FOR HEALTHCARE BY 2026    128
TABLE 83    AGV MARKET FOR HEALTHCARE, BY TYPE, 2017–2020 (USD MILLION)    129
TABLE 84    AGV MARKET FOR HEALTHCARE, BY TYPE, 2021–2026 (USD MILLION)    129
TABLE 85    AGV MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)    129
TABLE 86    AGV MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)    130
11.7    3PL    130
11.7.1    3PL INDUSTRY RELIES ON AGVS FOR DAY-TO-DAY OPERATIONS    130
TABLE 87    AGV MARKET FOR 3PL, BY TYPE, 2017–2020 (USD MILLION)    131
TABLE 88    AGV MARKET FOR 3PL, BY TYPE, 2021–2026 (USD MILLION)    131
TABLE 89    AGV MARKET FOR 3PL, BY REGION, 2017–2020 (USD MILLION)    131
TABLE 90    AGV MARKET FOR 3PL, BY REGION, 2021–2026 (USD MILLION)    132
11.8    SEMICONDUCTORS & ELECTRONICS    132
11.8.1    SEMICONDUCTOR INDUSTRY GROWTH TO LEAD TO INCREASED AGV DEMAND    132
FIGURE 41    APAC TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS FROM 2021 TO 2026    133
TABLE 91    AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY TYPE,  
2017–2020 (USD MILLION)    133
TABLE 92    AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY TYPE,  
2021–2026 (USD MILLION)    134
TABLE 93    AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY REGION,  
2017–2020 (USD MILLION)    134
TABLE 94    AGV MARKET FOR SEMICONDUCTORS & ELECTRONICS, BY REGION,  
2021–2026 (USD MILLION)    134
11.9    AVIATION    135
11.9.1    AGVS FACILITATE EASY AEROSPACE MANUFACTURING AND ASSEMBLY OPERATIONS    135
TABLE 95    AGV MARKET FOR AVIATION, BY TYPE, 2017–2020 (USD MILLION)    135
TABLE 96    AGV MARKET FOR AVIATION, BY TYPE, 2021–2026 (USD MILLION)    136
TABLE 97    AGV MARKET FOR AVIATION, BY REGION, 2017–2020 (USD MILLION)    136
TABLE 98    AGV MARKET FOR AVIATION, BY REGION, 2021–2026 (USD MILLION)    136
11.10    E-COMMERCE    137
11.10.1    E-COMMERCE INDUSTRY IS ADOPTING AGVS FOR MATERIAL HANDLING OPERATIONS    137
FIGURE 42    TOW VEHICLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF AGV MARKET FOR E-COMMERCE INDUSTRY FROM 2021 TO 2026    137
TABLE 99    AGV MARKET FOR E-COMMERCE, BY TYPE, 2017–2020 (USD MILLION)    138
TABLE 100    AGV MARKET FOR E-COMMERCE, BY TYPE, 2021–2026 (USD MILLION)    138
TABLE 101    AGV MARKET FOR E-COMMERCE, BY REGION, 2017–2020 (USD MILLION)    138
TABLE 102    AGV MARKET FOR E-COMMERCE, BY REGION, 2021–2026 (USD MILLION)    139
11.11    OTHERS    139
TABLE 103    AGV MARKET FOR OTHERS, BY TYPE, 2017–2020 (USD MILLION)    139
TABLE 104    AGV MARKET FOR OTHERS, BY TYPE, 2021–2026 (USD MILLION)    140
TABLE 105    AGV MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)    140
TABLE 106    AGV MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)    140
12    GEOGRAPHIC ANALYSIS    141
12.1    INTRODUCTION    142
FIGURE 43    CHINA AND MEXICO TO GROW AT HIGHEST CAGR IN AGV MARKET  FROM 2021 T0 2026    142
TABLE 107    AGV MARKET, BY REGION, 2017–2020 (USD MILLION)    142
TABLE 108    AGV MARKET, BY REGION, 2021–2026 (USD MILLION)    143
12.2    NORTH AMERICA    143
FIGURE 44    SNAPSHOT: AGV MARKET IN NORTH AMERICA    144
TABLE 109    AGV MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    145
TABLE 110    AGV MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)    145
TABLE 111    AGV MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)    145
TABLE 112    AGV MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)    146
TABLE 113    AGV MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)    146
TABLE 114    AGV MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)    147
12.2.1    US    147
12.2.1.1    US to account for largest size of AGV market in North America    147
12.2.2    CANADA    148
12.2.2.1    Automotive industry to make maximum contribution to AGV market growth in Canada    148
12.2.3    MEXICO    148
12.2.3.1    Well-established manufacturing sector to underpin AGV market growth in Mexico    148
12.3    EUROPE    149
FIGURE 45    SNAPSHOT: AUTOMATED GUIDED VEHICLE MARKET IN EUROPE    150
TABLE 115    AGV MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)    150
TABLE 116    AGV MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)    151
TABLE 117    AGV MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)    151
TABLE 118    AGV MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)    151
TABLE 119    AGV MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)    152
TABLE 120    AGV MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)    152
12.3.1    GERMANY    153
12.3.1.1    Presence of AGV manufacturing companies to support AGV market growth in Germany    153
12.3.2    UK    153
12.3.2.1    Demand from automotive sector to aid AGV market growth in UK    153
12.3.3    FRANCE    154
12.3.3.1    E-commerce industry to fuel AGV market growth in France    154
12.3.4    REST OF EUROPE    154
12.4    APAC    154
FIGURE 46    SNAPSHOT: AUTOMATED GUIDED VEHICLE MARKET IN ASIA PACIFIC    155
TABLE 121    AGV MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)    156
TABLE 122    AGV MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)    156
TABLE 123    AGV MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)    157
TABLE 124    AGV MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)    157
TABLE 125    AGV MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)    158
TABLE 126    AGV MARKET IN APAC, BY INDUSTRY, 2021–2026 (USD MILLION)    158
12.4.1    CHINA    159
12.4.1.1    Foreign investments to provide strong ground for growth of
AGV market in China    159
12.4.2    JAPAN    160
12.4.2.1    Escalating labor costs and broad industrial base support AGV market growth in Japan    160
12.4.3    AUSTRALIA    160
12.4.3.1    Manufacturing and mining industries to drive AGV market growth in Australia    160
12.4.4    SOUTH KOREA    161
12.4.4.1    Global AGV companies expanding to South Korea is driving
AGV market ahead    161
12.4.5    INDIA    161
12.4.5.1    Manufacturing industries are contributing to AGV market growth in India    161
12.4.6    MALAYSIA    162
12.4.6.1    Electronics industry favoring AGV market growth in Malaysia    162
12.4.7    TAIWAN    162
12.4.7.1    Semiconductors industry substantiates growth of AGV market in Taiwan    162
12.4.8    INDONESIA    163
12.4.8.1    Rapid industrial development in Indonesia is supporting AGV market growth    163
12.4.9    REST OF APAC    163
12.5    ROW    164
TABLE 127    AGV MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)    164
TABLE 128    AGV MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)    164
TABLE 129    AGV MARKET IN ROW, BY TYPE, 2017–2020 (USD MILLION)    164
TABLE 130    AGV MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)    165
TABLE 131    AGV MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)    165
TABLE 132    AGV MARKET IN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)    166
12.5.1    SOUTH AMERICA    166
12.5.1.1    South America to dominate to AGV market in RoW during forecast period    166
12.5.2    AFRICA    167
12.5.2.1    Rising adoption of warehouse automation solutions in various industries to increase AGV adoption in Africa    167
12.5.3    MIDDLE EAST    167
12.5.3.1    Middle East region has limited growth opportunities for AGV market    167

13    COMPETITIVE LANDSCAPE    168
13.1    OVERVIEW    168
13.2    KEY PLAYER STRATEGIES/ RIGHT-TO-WIN    168
TABLE 133    OVERVIEW OF STRATEGIES ADOPTED BY AGV VENDORS    168
13.3    REVENUE ANALYSIS OF TOP FIVE COMPANIES    169
FIGURE 47    5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN AGV MARKET    169
13.4    MARKET SHARE ANALYSIS (2020)    170
TABLE 134    AGV MARKET: MARKET SHARE ANALYSIS (2020)    170
13.5    COMPANY EVALUATION QUADRANT, 2020    171
13.5.1    STAR    171
13.5.2    PERVASIVE    171
13.5.3    EMERGING LEADER    171
13.5.4    PARTICIPANT    172
FIGURE 48    AGV MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020    172
13.6    SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020    173
13.6.1    PROGRESSIVE    173
13.6.2    RESPONSIVE    173
13.6.3    DYNAMIC    173
13.6.4    STARTING BLOCK    173
FIGURE 49    AGV MARKET (GLOBAL) SME EVALUATION QUADRANT, 2020    174
13.7    AGV MARKET: COMPANY FOOTPRINT    175
TABLE 135    COMPANY FOOTPRINT    175
TABLE 136    COMPANY INDUSTRY FOOTPRINT    176
TABLE 137    COMPANY PRODUCT TYPE FOOTPRINT    177
TABLE 138    COMPANY REGION FOOTPRINT    178
13.8    COMPETITIVE SCENARIO    179
TABLE 139    AGV MARKET: PRODUCT LAUNCHES, APRIL 2020−AUGUST 2021    179
TABLE 140    AGV MARKET: DEALS, SEPTEMBER 2020−SEPTEMBER 2021    179
TABLE 141    AGV MARKET: OTHERS, MARCH 2019−JULY 2021    181
14    COMPANY PROFILES    182
14.1    KEY PLAYERS    182
(Business overview, Products offered, Recent Developments, MNM view)*
14.1.1    DAIFUKU    182
TABLE 142    DAIFUKU: BUSINESS OVERVIEW    182
FIGURE 50    DAIFUKU: COMPANY SNAPSHOT    183
TABLE 143    DAIFUKU: PRODUCT OFFERINGS    184
TABLE 144    DAIFUKU: DEALS    184
TABLE 145    DAIFUKU: OTHERS    185
14.1.2    JBT    186
TABLE 146    JBT: BUSINESS OVERVIEW    186
FIGURE 51    JBT: COMPANY SNAPSHOT    187
TABLE 147    JBT: PRODUCT OFFERINGS    187
TABLE 148    JBT: DEALS    188
14.1.3    KION    189
TABLE 149    KION: BUSINESS OVERVIEW    189
FIGURE 52    KION: COMPANY SNAPSHOT    190
TABLE 150    KION: PRODUCT OFFERINGS    190
TABLE 151    KION: OTHERS    191
14.1.4    TOYOTA INDUSTRIES    193
TABLE 152    TOYOTA INDUSTRIES: BUSINESS OVERVIEW    193
FIGURE 53    TOYOTA INDUSTRIES: COMPANY SNAPSHOT    194
TABLE 153    TOYOTA INDUSTRIES: PRODUCT OFFERINGS    195
TABLE 154    TOYOTA INDUSTRIES: DEALS    195
TABLE 155    TOYOTA INDUSTRIES: OTHERS    196
14.1.5    KUKA    197
TABLE 156    KUKA: BUSINESS OVERVIEW    197
FIGURE 54    KUKA: COMPANY SNAPSHOT    198
TABLE 157    KUKA: PRODUCT OFFERINGS    198
TABLE 158    KUKA: DEALS    199
TABLE 159    KUKA: OTHERS    199
14.1.6    HYSTER-YALE MATERIALS HANDLING    201
TABLE 160    HYSTER-YALE: BUSINESS OVERVIEW    201
FIGURE 55    HYSTER-YALE: COMPANY SNAPSHOT    202
TABLE 161    HYSTER-YALE: PRODUCT OFFERINGS    202
TABLE 162    HYSTER-YALE: PRODUCT LAUNCHES    203
14.1.7    OCEANEERING INTERNATIONAL    204
TABLE 163    OCEANEERING INTERNATIONAL: BUSINESS OVERVIEW    204
FIGURE 56    OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT    205
TABLE 164    OCEANEERING INTERNATIONAL: PRODUCT OFFERINGS    205
14.1.8    EK ROBOTICS    206
TABLE 165    EK ROBOTICS: BUSINESS OVERVIEW    206
TABLE 166    EK ROBOTICS: PRODUCT OFFERINGS    206
TABLE 167    EK ROBOTICS: PRODUCT LAUNCHES    206
14.1.9    SSI SCHAEFER    207
TABLE 168    SSI SCHAEFER: BUSINESS OVERVIEW    207
TABLE 169    SSI SCHAEFER: PRODUCT OFFERINGS    207
TABLE 170    SSI SCHAEFER: OTHERS    208
14.1.10    SCOTT TECHNOLOGY    209
TABLE 171    SCOTT TECHNOLOGY: BUSINESS OVERVIEW    209
FIGURE 57    SCOTT TECHNOLOGY: COMPANY SNAPSHOT    210
TABLE 172    SCOTT TECHNOLOGY: PRODUCT OFFERINGS    210
TABLE 173    SCOTT TECHNOLOGY: DEALS    211
14.2    OTHER COMPANIES    212
14.2.1    AGV INTERNATIONAL    212
TABLE 174    AGV INTERNATIONAL: COMPANY OVERVIEW    212
14.2.2    AMERICA IN MOTION    212
TABLE 175    AMERICA IN MOTION: COMPANY OVERVIEW    212
14.2.3    GRENZEBACH    213
TABLE 176    GRENZEBACH: COMPANY OVERVIEW    213
14.2.4    MEIDEN AMERICA    213
TABLE 177    MEIDEN AMERICA: COMPANY OVERVIEW    213
14.2.5    DANBACH ROBOT JIANGXI    214
TABLE 178    DANBACH ROBOT JIANGXI: COMPANY OVERVIEW    214
14.2.6    ECA GROUP    214
TABLE 179    ECA GROUP: COMPANY OVERVIEW    214
14.2.7    IKV ROBOT    215
TABLE 180    IKV ROBOT: COMPANY OVERVIEW    215
14.2.8    ASSECO CEIT    215
TABLE 181    ASSECO CEIT: COMPANY OVERVIEW    215
14.2.9    CASUN    216
TABLE 182    CASUN: COMPANY OVERVIEW    216
14.2.10    ECKHART    216
TABLE 183    ECKHART: COMPANY OVERVIEW    216
14.2.11    ELETTRIC80    217
TABLE 184    ELETTRIC80: COMPANY OVERVIEW    217
14.2.12    IDC CORPORATION    217
TABLE 185    IDC CORPORATION: COMPANY OVERVIEW    217
14.2.13    SIMPLEX ROBOTICS    218
TABLE 186    SIMPLEX ROBOTICS: COMPANY OVERVIEW    218
14.2.14    SYSTEM LOGISTICS    218
TABLE 187    SYSTEM LOGISTICS: COMPANY OVERVIEW    218
14.2.15    ROCLA    219
TABLE 188    ROCLA: COMPANY OVERVIEW    219
14.2.16    UNCEASE AUTOMATION    219
TABLE 189    UNCEASE AUTOMATION: COMPANY OVERVIEW    219
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
15    ADJACENT AND RELATED MARKET    220
15.1    RFID MARKET    220
15.2    INTRODUCTION    220
FIGURE 58    RFID MARKET, BY PRODUCT    220
FIGURE 59    TAGS SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE IN RFID MARKET DURING FORECAST PERIOD    221
TABLE 190    RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION)    221
TABLE 191    RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION)    221
TABLE 192    RFID MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)    222
TABLE 193    RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)    222
15.3    TAGS    222
15.3.1    TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020    222
15.4    READERS    223
TABLE 194    RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION)    223
TABLE 195    RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION)    223
TABLE 196    RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS)    223
TABLE 197    RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS)    224
15.4.1    FIXED READERS    224
15.4.1.1    Ruggedness and cost-effectiveness of readers primarily drive fixed readers market    224
TABLE 198    FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)    224
TABLE 199    FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)    225
TABLE 200    FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020
(THOUSAND UNITS)    225
TABLE 201    FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026
(THOUSAND UNITS)    225
15.4.2    HANDHELD READERS    225
15.4.2.1    Handheld readers are adopted mainly due to their mobility    225
TABLE 202    HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020
(USD MILLION)    226
TABLE 203    HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026
(USD MILLION)    226
TABLE 204    HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)    226
TABLE 205    HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)    226
TABLE 206    HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020
(USD MILLION)    227
TABLE 207    HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026
(USD MILLION)    227
TABLE 208    HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020
(THOUSAND UNITS)    227
TABLE 209    HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026
(THOUSAND UNITS)    227
TABLE 210    HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION)    228
TABLE 211    HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION)    228
TABLE 212    HANDHELD RFID READER MARKET, BY REGION, 2017–2020
(THOUSAND UNITS)    228
TABLE 213    HANDHELD RFID READER MARKET, BY REGION, 2021–2026
(THOUSAND UNITS)    228

15.5    SOFTWARE AND SERVICES    229
15.5.1    RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE SOFTWARE AND SERVICES MARKET    229
TABLE 214    RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2017–2020
(USD MILLION)    230
TABLE 215    RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2021–2026
(USD MILLION)    230
16    APPENDIX    231
16.1    INSIGHTS OF INDUSTRY EXPERTS    231
16.2    DISCUSSION GUIDE    232
16.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    235
16.4    AVAILABLE CUSTOMIZATIONS    237
16.5    RELATED REPORTS    237
16.6    AUTHOR DETAILS    238"