Market Forecast By Technology Type (Laser Guidance, Magnetic Guidance, Infrared Guidance, Wire Guidance, Inertial Guided, Optical Guided), By Application Type (Transportation, Distribution, Storage), By Vehicle Type (Unit Load Carrier, Pallet Truck, Assembly Line Vehicle, Tow Vehicle, Forklift Truck, Light Load Transporters), By End Use (Logistics, Healthcare, Automotive, Manufacturing, Food & Beverages, Aerospace) And Competitive Landscape
Product Code: ETC257361 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
China Automated Guided Vehicle Market report thoroughly covers the market by technology type, by application type, by vehicle type, and by end-use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
China Automated Guided Vehicle Market is rapidly expanding due to increasing demand for automation across various industry verticals such as automotive, food and beverage, logistics, and healthcare. Moreover, the adoption of Industry 4.0, which focuses on automation, connectivity, and data exchange in manufacturing, has led to the increasing adoption of AGVs in factories in China.
According to 6Wresearch, the China Automated Guided Vehicle Market size is projected to reach $817 million, growing at a CAGR of 9.8% during the forecast period of 2025-2031. The key driver of the China Automated Guided Vehicle market is the need to increase efficiency and reduce human labor. Additionally, the rise of e-commerce and consumer demands for fast delivery has further driven the China Automated Guided Vehicle Market Growth. Apart from this, one of the key trends in the market is the integration of Artificial Intelligence and the Internet of Things (IoT). AGVs can be equipped with sensors, cameras, and other IoT devices to communicate with other machines and systems, making them more efficient and effective. Another trend is the customization of AGVs to suit specific industry needs. Despite the growth of the AGV market in China, there are still some challenges that need to be addressed. One of the main challenges is the high upfront cost of investment in AGV technology. Companies need to invest in both the hardware and software, making it costly. Additionally, the lack of skilled labor to operate and program AGVs is also a challenge in China. Nevertheless, the opportunities in the China Automated Guided Vehicle market are vast. With the integration of AI and IoT in AGVs, there is potential for the development of more automated systems that will make manufacturing and logistics processes in China even more efficient. Additionally, the growing demand for e-commerce and fast delivery will continue to propel the growth of the China Automated Guided Vehicle Industry.
The China Automated Guided Vehicle market growth has been phenomenal in recent years. This growth is mainly due to the government's efforts to promote the adoption of AGV technology in various industries. The Made in China initiative is a long-term industrial policy aimed at upgrading manufacturing industry of China. The policy is focusing on integrating advanced technologies into the manufacturing process. The Belt and Road Initiative is a massive infrastructure project aimed at promoting economic cooperation across Asia, Europe, and Africa. AGV technology is one of the areas of focus and is seen as a key solution to challenges related to logistics and transportation. China is working closely with countries in the initiative to develop new AGV technologies and reduce cross-border trade costs. The government has been encouraging investment in research and development activities in the AGV industry. The government has been providing funding support to companies to develop new AGV technologies, improve existing systems, and enhance the overall value chain.
Several companies are actively operating in the China Automated Guided Vehicle Market, making it highly competitive. Some of the leading players in the sector include Siasun Robot & Automation Co. Ltd, Shenzhen OKAGV Co. Ltd, Guangzhou Jaten Robot & Automation Co. Ltd, and Hefei AGV Robot Technology Co. Ltd.
According to Nishant, Senior Research Analyst, 6Wresearch, the laser guidance segment is expected to grow significantly over the years, owing to its unconventional features and ability to function in various environmental conditions. On the other hand, optical guidance offers high precision and accuracy, making it useful in applications that require high positioning accuracy.
By Application Type, the storage segment is anticipated to grow in the upcoming years. The demand for AGVs in storage applications is due to their ability to pallets, cartons, and crates applications.
By Vehicle Type, the unit load carrier and pallet truck segments are anticipated to grow significantly. The unit load carrier segment experiences high demand in the automotive and manufacturing industries, as it competently moves large loads.
By End-Use, the healthcare sector is expected hold the China Automated Guided Vehicle Market Share in the coming years due to growing aging population in China. AGVs are used in healthcare institutions to transport medicine and other hospital supplies to different departments.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Automated Guided Vehicle Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Automated Guided Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 China Automated Guided Vehicle Market - Industry Life Cycle |
3.4 China Automated Guided Vehicle Market - Porter's Five Forces |
3.5 China Automated Guided Vehicle Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 China Automated Guided Vehicle Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.7 China Automated Guided Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 China Automated Guided Vehicle Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 China Automated Guided Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation and Industry 4.0 initiatives in China |
4.2.2 Rising labor costs and shortage of skilled labor in the manufacturing sector |
4.2.3 Growing demand for efficient and cost-effective material handling solutions |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing automated guided vehicles |
4.3.2 Concerns regarding cybersecurity and data privacy in automated systems |
4.3.3 Lack of standardized regulations and guidelines for the operation of automated guided vehicles in China |
5 China Automated Guided Vehicle Market Trends |
6 China Automated Guided Vehicle Market, By Types |
6.1 China Automated Guided Vehicle Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 China Automated Guided Vehicle Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 China Automated Guided Vehicle Market Revenues & Volume, By Laser Guidance, 2021 - 2031F |
6.1.4 China Automated Guided Vehicle Market Revenues & Volume, By Magnetic Guidance, 2021 - 2031F |
6.1.5 China Automated Guided Vehicle Market Revenues & Volume, By Infrared Guidance, 2021 - 2031F |
6.1.6 China Automated Guided Vehicle Market Revenues & Volume, By Wire Guidance, 2021 - 2031F |
6.1.7 China Automated Guided Vehicle Market Revenues & Volume, By Inertial Guided, 2021 - 2031F |
6.1.8 China Automated Guided Vehicle Market Revenues & Volume, By Optical Guided, 2021 - 2031F |
6.2 China Automated Guided Vehicle Market, By Application Type |
6.2.1 Overview and Analysis |
6.2.2 China Automated Guided Vehicle Market Revenues & Volume, By Transportation, 2021 - 2031F |
6.2.3 China Automated Guided Vehicle Market Revenues & Volume, By Distribution, 2021 - 2031F |
6.2.4 China Automated Guided Vehicle Market Revenues & Volume, By Storage, 2021 - 2031F |
6.3 China Automated Guided Vehicle Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 China Automated Guided Vehicle Market Revenues & Volume, By Unit Load Carrier, 2021 - 2031F |
6.3.3 China Automated Guided Vehicle Market Revenues & Volume, By Pallet Truck, 2021 - 2031F |
6.3.4 China Automated Guided Vehicle Market Revenues & Volume, By Assembly Line Vehicle, 2021 - 2031F |
6.3.5 China Automated Guided Vehicle Market Revenues & Volume, By Tow Vehicle, 2021 - 2031F |
6.3.6 China Automated Guided Vehicle Market Revenues & Volume, By Forklift Truck, 2021 - 2031F |
6.3.7 China Automated Guided Vehicle Market Revenues & Volume, By Light Load Transporters, 2021 - 2031F |
6.4 China Automated Guided Vehicle Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 China Automated Guided Vehicle Market Revenues & Volume, By Logistics, 2021 - 2031F |
6.4.3 China Automated Guided Vehicle Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4.4 China Automated Guided Vehicle Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.5 China Automated Guided Vehicle Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.6 China Automated Guided Vehicle Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.4.7 China Automated Guided Vehicle Market Revenues & Volume, By Aerospace, 2021 - 2031F |
7 China Automated Guided Vehicle Market Import-Export Trade Statistics |
7.1 China Automated Guided Vehicle Market Export to Major Countries |
7.2 China Automated Guided Vehicle Market Imports from Major Countries |
8 China Automated Guided Vehicle Market Key Performance Indicators |
8.1 Average time saved per material handling task with the use of automated guided vehicles |
8.2 Percentage increase in productivity levels after the implementation of automated guided vehicles |
8.3 Reduction in error rates in material handling processes with the use of automated guided vehicles |
9 China Automated Guided Vehicle Market - Opportunity Assessment |
9.1 China Automated Guided Vehicle Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 China Automated Guided Vehicle Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.3 China Automated Guided Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 China Automated Guided Vehicle Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 China Automated Guided Vehicle Market - Competitive Landscape |
10.1 China Automated Guided Vehicle Market Revenue Share, By Companies, 2024 |
10.2 China Automated Guided Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |