AGV or AMR Market | Global Industry Analysis 2034

AGV OR AMR MARKET OVERVIEW

The global AGV or AMR Market size was valued approximately USD 10.45 Billion in 2025 and will touch USD 25.27 Billion by 2034, growing at a compound annual growth rate (CAGR) of 9.23% from 2025 to 2034.

An AGV (Automated Guided Vehicle) and AMR (Autonomous Mobile Robot) are robots that move materials or goods within a facility without human help. AGVs follow fixed paths using sensors, while AMRs use advanced sensors and AI to navigate freely around obstacles. They are mainly used in industries like warehousing and manufacturing to boost efficiency and reduce labor costs.

IMPACT OF KEY GLOBAL EVENTS

"Advancements in Artificial Intelligence Driving Market Growth

The rapid growth of AI is transforming the AGV and AMR market. AI helps these robots navigate better, adapt to changing environments, and make quick decisions. With machine learning and computer vision, AMRs can perform more complex tasks, like moving different items in warehouses. As AI improves, AGVs and AMRs will become even more capable, driving demand for advanced robotics in logistics, manufacturing, and healthcare.

LATEST TREND

Increased Adoption in Warehousing and Logistics

AGVs and AMRs are increasingly used in warehousing and logistics to improve efficiency, cut labor costs, and streamline operations. They handle tasks like transport, inventory management, and order picking. With the rise of e-commerce, demand for automation has grown, and these robots will continue to play a key role in logistics.

AGV OR AMR MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into AGV and AMR.

Automated Guided Vehicles (AGV): AGVs are robots that follow set paths. They're guided by things like magnetic strips, lasers, or fixed systems. They're super useful for moving things in warehouses or factories. They're perfect for structured places, but they can't deal with complex or changing environments. The AGV market is still growing, especially in industries like automotive and logistics where tasks are pretty much the same and easy to predict. However, since they're stuck to their set paths, they don't work well in workplaces that are more varied or keep changing.
Autonomous Mobile Robots (AMR): AMRs use advanced sensors, cameras, and AI to move around by themselves in ever-changing places. They're way more flexible than AGVs, able to dodge obstacles and find the best way to go. This makes AMRs perfect for jobs in e-commerce and healthcare, where being able to adapt quickly is very important. The AMR market is booming because of new AI and machine learning tech, and it's likely to grow faster than AGVs because AMRs can do more complicated stuff and adapt better.

By Application

Based on application, the global market can be categorized into E-commerce and Logistics, Manufacturing, Chemicals and Pharmaceuticals, Aerospace and Others.

E-commerce and Logistics: In e-commerce and logistics, AGVs and AMRs are used for moving things, handling inventory, and picking orders. They make work easier by cutting labor costs and getting orders out faster. Since online shopping is booming, warehouses really need automation. AMRs can adapt to changes and find the best delivery ways. The market for these robots will keep growing as e - commerce firms try to be more efficient and save money.
Manufacturing: In manufacturing, AGVs and AMRs help move raw materials, parts, and finished products around. They boost efficiency, cut down on downtime, and keep goods moving safely. The auto and electronics industries love using AGVs. As manufacturing gets trickier and needs faster, more accurate work, AMRs are becoming more popular because they can adapt. The market for these robots will keep growing as more manufacturing jobs get automated.
Chemicals and Pharmaceuticals: In the chemicals and pharma sectors, AGVs and AMRs help move risky stuff, finished goods, and sensitive meds. They're super important for keeping people safe, cutting down on risks, and following the rules. The demand for these robots is up because of better safety rules, following the law, and working smarter. As the industry changes, we'll see more smart, self-driving robots, especially for handling delicate and expensive products.
Aerospace: In aerospace, AGVs and AMRs move parts, materials, and tools around. They make things go smoother by cutting down on mistakes and speeding up production. Aerospace needs super precise work, and AGVs are great for jobs that need the same moves over and over. As aerospace uses more automation to keep up with demand, the market for these robots will keep growing, especially for really precise manufacturing.
Others: AGVs and AMRs are also used in healthcare, hotels, and farming. In healthcare, they deliver medications, supplies, and clean areas. In hotels, they help with room service and luggage. In farming, they plant, harvest, and watch crops. These sectors are smaller, but they're using AGVs and AMRs more as automation gets better. These smaller markets will keep growing as industries find cheaper, smarter ways to work.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Labor Shortages and Rising Labor Costs

Nowadays, labor shortages are a huge issue, and labor costs are going up too. So, a lot of industries are going for automation, especially AGVs and AMRs. Businesses are really trying hard to find ways to rely less on human workers while still keeping things running well. AGVs and AMRs are perfect for those dull, repetitive manual jobs. When they do those jobs, human workers can then focus on more complex tasks. People can see this in industries such as warehousing, logistics, and manufacturing.

Restraining Factor

Limited Flexibility in Dynamic Environments

AGVs have a big problem. They struggle in places that change a lot or aren't planned out. They stick to set paths or markers, so when the layout shifts often or there are lots of obstacles, they can't move. AMRs are better because they're more flexible and can adjust to their environment. But still, AMRs can't handle really complicated, unexpected situations as good as humans. This lack of flexibility limits where AGVs and AMRs can be used, especially in industries that need to adapt a lot.

Opportunity

Growth in E-commerce and Demand for Faster Fulfillment

E-commerce is booming. It's a great chance for AGVs and AMRs, especially in warehouses and distribution centers. More people are shopping online, so businesses must ship orders faster. AGVs and AMRs can automate tasks like moving things, picking orders, and handling inventory. This cuts down on human workers and boosts productivity. With e-commerce growing fast, there'll be a huge demand for automation. So, there will be more opportunities to use AGVs and AMRs in the logistics industry.

Challenge

High Initial Investment and Maintenance Costs

Buying AGVs and AMRs costs a lot at the start, and there are also ongoing maintenance expenses. This is a big problem, especially for small companies. People also have to shell out for setting them up, getting the software going, and training their staff. There are also maintenance for new batteries, software updates and repairs All these costs pile on over time. If a company's not sure they'll make their money back or is short on cash, they might not buy. The tough thing is finding the right balance between the high cost of going automated and the long - term savings from being more efficient and using fewer workers.

AGV OR AMR MARKET REGIONAL INSIGHTS

North America

North America leads in the AGV and AMR market, with big demand from e-commerce, manufacturing, logistics, and healthcare. The US, in particular, uses a lot of automation in warehousing and logistics, with big companies like Amazon and Walmart investing in these robots. Technology innovation and government support for automation also help. With labor shortages and the need for efficiency, North America will keep growing in robotics, with more investment in advanced automation.

Europe

Europe, especially Germany, the UK, and France, is big in the AGV and AMR market. With a strong manufacturing base, these countries are using AGVs and AMRs more to improve how they move and manage materials. The EU supports Industry 4.0 and automation, which helps the market grow. Germany, known for precision engineering, really uses these robots for tough production jobs. Plus, healthcare in Europe is also using more robotics, which boosts demand for these technologies.

Asia

Asia is quickly becoming one of the biggest and fastest-growing markets for AGVs and AMRs. China, Japan, and South Korea are leading the way in robotics. China’s manufacturing is using automation to boost productivity and cut labor costs. Japan, always ahead in technologies, keeps investing in AMRs for different industries. South Korea is also using more AGVs and AMRs in cars and electronics. As Asia industrializes more and adopts advanced automation, the demand for these robots will skyrocket, making it a major center for robotics innovation and market growth.

KEY INDUSTRY PLAYERS

Key Industry Players Drive Market Development through Innovation

The AGV and AMR market is competitive. Companies are innovating with AI, machine learning, and sensors to make their robots better. They're also making their systems more efficient, flexible, and able to work on their own. To stay ahead, companies are partnering up, merging, or buying each other to expand their products and reach more places. Automation demand is high, so the market keeps growing and changing.

List of Top AGV or AMR Market Companies

Geek+
Quicktron (Flashhold)
ForwardX Robotics
GreyOrange
HikRobot (HikVision)

KEY INDUSTRY DEVELOPMENTS

In 2023, The third generation of Dematic's freezer-rated automated guided vehicles (AGVs) has been introduced. It has sensor and navigation technology breakthroughs that surpass the most recent revisions to global safety requirements.

In 2023, OMRON Robotics and Safety Technologies, Inc. and Lowpad BV made a strategic partnership to expand OMRON’s line of mobile robots with Lowpad’s low-profile product offering. As a component of the strategic alliance, OMRON will use its extensive worldwide marketing infrastructure to market and market tailored versions of Lowpad's robots under the OMRON brand.

In 2022, The new manufacturing facility of Daifuku North America Holding Company (Daifuku) in Boyne City, USA, will have a grand opening ceremony. Daifuku spent $26 million to construct this state-of-the-art 225,000-square-foot manufacturing complex. It serves as the center of production for automated guided vehicles and baggage handling equipment for airports.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The AGV and AMR market is booming because more industries want automation. Warehouses, logistics, manufacturing, and healthcare all use AGVs for simple tasks like moving stuff and managing inventory. AMRs are newer and better at handling complex jobs in changing environments. Technologies like AI and machine learning makes these robots smarter and more efficient. Businesses love them because they cut labor costs, boost operations, and improve safety. So, the market for AGVs and AMRs is growing fast in many sectors.

In the future, the AGV and AMR market will keep growing. Technologies like AI and machine learning will make these robots even smarter and able to do more in changing settings. Plus, businesses need them because of labor shortages, safety concerns, and cost savings. With governments and industries backing automation, the market for AGVs and AMRs is set for big growth and new ideas in the years ahead.