In terms of revenue, global automated guided vehicles (AGV) fleet management platform market was valued at around US$ 232 Mn in 2018 and is anticipated to reach around US$ 676 Mn by 2027, expanding at a CAGR of 12.8% during the forecast period. 

Automated Guided Vehicles (AGV) have risen in prominence owing to the adoption of automated equipment in various applications across various industry verticals. Advancements in logistics with respect to process principles and cost optimization have led companies to focus towards enhanced logistics systems. Automated Guided Vehicles (AGV) have proven to be one of the targeted areas for investments owing to the improvements in cost and productivity offered by employing these systems in warehouses and distribution centers. Traditional fleet management platform vendors have been offering vehicle fleet owners with their solutions for improvements in supervision and assessment. Advent of the internet of things has led companies to supervise their operations for finding areas of future improvement. Material handling is one of the key areas for improvement being vital in all processes in a manufacturing organization from inbound logistics to outbound logistics. Fleet management platforms for Automated Guided Vehicles (AGV) provides manufacturers with improved control over the factory operations while maintaining high levels of productivity. Global Automated Guided Vehicles (AGV) fleet management platform market is expected to surpass USD 232 Million by 2027.

“Global Automated Guided Vehicles (AGV) fleet management platform market is expected to gain demand from manufacturing companies and logistics providers. The integration of fleet management platform to optimize existing material handling operations in turn, maintaining high product quality is aiding the growth of the market.” 

The detailed research study provides qualitative and quantitative analysis of the Global Automated Guided Vehicles Fleet Management Market. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Global Automated Guided Vehicles (AGV) Fleet Management Platform Market Revenue (USD Million), 2018

Key Findings of the Report: 

• Automated guided vehicles (AGV) fleet management platform market would attain a market size of US$ 676 Mn by 2027, expanding at a CAGR of 12.8%
• The use of fleet management platform for automated guidance vehicles (AGV) in logistic applications is observed to be a major area of application. This is resulting in higher investments from logistics companies in integrating fleet management platform for enhancing their workflow.
• Vision guided vehicles are expected to be the major technological adopters of the fleet management platform. The use of artificial intelligence and the internet of things in logistics applications is helpful for vision guided vehicles. Rising adoption of these vehicles in various applications is expected to grow the demand for fleet management in vision guided vehicles.
• Asia Pacific is expected to hold a major market share in the Global automated guidance vehicles (AGV) fleet management platform market, growing at a CAGR of over 18% during the forecast period. The proliferation of retail infrastructure coupled with the growth in the manufacturing sector in the region is attributed to be a major factor for market growth.
• Key players operating in the Global automated guidance vehicles (AGV) fleet management platform market are Toyota Industries Corporation, Oceaneering International, Inc., Bastian Solutions, Inc., and BA Systems amongst others.
• Market participants are increasing their investments in product development in order to provide comprehensive fleet management solutions.

By Vehicle Type

• Unit Load Automatic Guided Vehicles
• Forklift Automatic Guided Vehicles
• Hybrid Automatic Guided Vehicles
• Tow Automatic Guided Vehicles
• Pallet Truck
• Others

By Technology

• Laser Guidance
• Magnetic Guidance
• Natural Navigation
• Vision Guided
• Others

By Application

• Logistics
• Warehousing
• Assembly
• Packaging
• Others

By Vertical

• Automotive
• Aerospace
• Healthcare
• Retail
• Manufacturing
• Food & Beverage
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Argentina
  • Brazil
  • Rest of Latin America