Product Code: ETC257364 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India automated guided vehicle market demonstrated robust growth from 2020 to 2024, with a notable CAGR of 29.2%. Accelerating further between 2023 and 2024 with a growth rate of 71.7%, the market exhibited strong momentum and expansion, indicating a thriving and dynamic industry landscape.
The India automated guided vehicle (AGV) market is expanding rapidly, with a focus on enhancing manufacturing and logistics efficiency. AGVs are being increasingly adopted by industries such as automotive, e-commerce, and manufacturing for tasks like material handling and warehousing. The market`s growth is driven by the need for automation, reduced labor costs, and improved productivity.
The India Automated Guided Vehicle (AGV) market is expanding rapidly due to the automation wave in manufacturing and logistics. AGVs are increasingly adopted in industries like e-commerce, automotive, and pharmaceuticals to enhance material handling efficiency and reduce labor costs. The need for precision and safety in material transport within warehouses and manufacturing facilities drives the AGV market. Moreover, advancements in AGV technology, including the integration of IoT and AI, make these vehicles more versatile and attractive for businesses looking to streamline their operations.
The India automated guided vehicle (AGV) market faces challenges related to infrastructure and customization. Implementing AGVs requires the development of appropriate pathways and infrastructure within manufacturing facilities or warehouses, which can be costly and complex. Customization is often required to meet specific operational needs, and providing flexible and scalable solutions is a challenge for AGV manufacturers. Reliability and safety are crucial factors, as AGVs are integrated into critical operations, necessitating rigorous testing and compliance with industry standards.
The India automated guided vehicle market was affected by the pandemic, as manufacturing and logistics operations slowed down. With a renewed focus on automation and efficiency, especially in e-commerce and manufacturing, the market is expected to rebound as industries adopt automated solutions.
In the India Automated Guided Vehicle Market, leading companies like GreyOrange and Addverb Technologies offer advanced automation solutions that are integral to the logistics and manufacturing sectors. Their automated guided vehicles (AGVs) and robotic systems enhance operational efficiency and streamline material handling processes in warehouses and factories across India.
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 India Automated Guided Vehicle Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automated Guided Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 India Automated Guided Vehicle Market - Industry Life Cycle |
3.4 India Automated Guided Vehicle Market - Porter's Five Forces |
3.5 India Automated Guided Vehicle Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 India Automated Guided Vehicle Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.7 India Automated Guided Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 India Automated Guided Vehicle Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Automated Guided Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation in manufacturing and logistics industries in India |
4.2.2 Growing focus on improving operational efficiency and reducing labor costs |
4.2.3 Government initiatives to promote Industry 4.0 and smart manufacturing practices |
4.3 Market Restraints |
4.3.1 High initial investment and implementation costs of automated guided vehicles |
4.3.2 Lack of awareness and understanding about the benefits of AGVs among small and medium-sized enterprises in India |
4.3.3 Concerns regarding cybersecurity and data privacy in automated systems |
5 India Automated Guided Vehicle Market Trends |
6 India Automated Guided Vehicle Market, By Types |
6.1 India Automated Guided Vehicle Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 India Automated Guided Vehicle Market Revenues & Volume, By Technology Type, 2021-2031F |
6.1.3 India Automated Guided Vehicle Market Revenues & Volume, By Laser Guidance, 2021-2031F |
6.1.4 India Automated Guided Vehicle Market Revenues & Volume, By Magnetic Guidance, 2021-2031F |
6.1.5 India Automated Guided Vehicle Market Revenues & Volume, By Infrared Guidance, 2021-2031F |
6.1.6 India Automated Guided Vehicle Market Revenues & Volume, By Wire Guidance, 2021-2031F |
6.1.7 India Automated Guided Vehicle Market Revenues & Volume, By Inertial Guided, 2021-2031F |
6.1.8 India Automated Guided Vehicle Market Revenues & Volume, By Optical Guided, 2021-2031F |
6.2 India Automated Guided Vehicle Market, By Application Type |
6.2.1 Overview and Analysis |
6.2.2 India Automated Guided Vehicle Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.3 India Automated Guided Vehicle Market Revenues & Volume, By Distribution, 2021-2031F |
6.2.4 India Automated Guided Vehicle Market Revenues & Volume, By Storage, 2021-2031F |
6.3 India Automated Guided Vehicle Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Automated Guided Vehicle Market Revenues & Volume, By Unit Load Carrier, 2021-2031F |
6.3.3 India Automated Guided Vehicle Market Revenues & Volume, By Pallet Truck, 2021-2031F |
6.3.4 India Automated Guided Vehicle Market Revenues & Volume, By Assembly Line Vehicle, 2021-2031F |
6.3.5 India Automated Guided Vehicle Market Revenues & Volume, By Tow Vehicle, 2021-2031F |
6.3.6 India Automated Guided Vehicle Market Revenues & Volume, By Forklift Truck, 2021-2031F |
6.3.7 India Automated Guided Vehicle Market Revenues & Volume, By Light Load Transporters, 2021-2031F |
6.4 India Automated Guided Vehicle Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 India Automated Guided Vehicle Market Revenues & Volume, By Logistics, 2021-2031F |
6.4.3 India Automated Guided Vehicle Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.4 India Automated Guided Vehicle Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 India Automated Guided Vehicle Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.6 India Automated Guided Vehicle Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.4.7 India Automated Guided Vehicle Market Revenues & Volume, By Aerospace, 2021-2031F |
7 India Automated Guided Vehicle Market Import-Export Trade Statistics |
7.1 India Automated Guided Vehicle Market Export to Major Countries |
7.2 India Automated Guided Vehicle Market Imports from Major Countries |
8 India Automated Guided Vehicle Market Key Performance Indicators |
8.1 Percentage increase in the number of manufacturing facilities implementing AGVs |
8.2 Average time saved in material handling processes after AGV implementation |
8.3 Reduction in error rates in material handling operations with the use of AGVs |
9 India Automated Guided Vehicle Market - Opportunity Assessment |
9.1 India Automated Guided Vehicle Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 India Automated Guided Vehicle Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.3 India Automated Guided Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 India Automated Guided Vehicle Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Automated Guided Vehicle Market - Competitive Landscape |
10.1 India Automated Guided Vehicle Market Revenue Share, By Companies, 2024 |
10.2 India Automated Guided Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |