Automated Guided Vehicle Market Summary
According to the new market research report “Global Automated Guided Vehicle Market Report 2024-2030”, published by QYResearch, the global Automated Guided Vehicle market size is projected to reach USD 7.28 billion by 2030, at a CAGR of 12.8% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Automated Guided Vehicle include Dematic, Daifuku, Toyota Industries Corporation, Swisslog, Rocla, SSI Schaefer, Siasun Robot & Automation Co., Ltd, Meidensha, Huaxiao Precision Industry (Suzhou) Co., Ltd., Guangdong Jaten Robot & Automation Co.,Ltd., etc. In 2023, the global top 10 players had a share approximately 35.0% in terms of revenue.
In terms of product type, currently Tugger Type is the largest segment, hold a share of 43.7%.
In terms of product application, currently Manufacturing Sector is the largest segment, hold a share of 58.6%.
Market Drivers:
1. Market demand of downstream industries
(1) Changes in market demand for intelligent logistics systems and equipment
In recent years, with the development of my country's economy, my country's total social demand for logistics has grown steadily, and the total social logistics volume and total costs have shown a steady growth trend. In 2021, my country's total social logistics has reached 335.2 trillion yuan, a year-on-year increase of 9.2% based on comparable prices; the total social logistics costs in 2021 will be approximately 16.7 trillion yuan, a year-on-year increase of 12.5%. By introducing automation and intelligent logistics equipment and systems, improving logistics efficiency and reducing the proportion of logistics costs are important trends in the development of my country's logistics industry. In 2009, my country's logistics costs accounted for 17.4% of GDP. In 2021, the ratio of my country's total social logistics costs to GDP has dropped to 14.6%, but compared with the United States, Japan and other developed countries, the ratio of logistics costs to GDP has remained stable at 8% - There is still a certain distance between about 9% and there is still a lot of room for development in my country's automated logistics industry. According to data from the China Federation of Logistics and Purchasing, the current demand for smart logistics by logistics companies mainly includes three major areas: logistics data, logistics cloud, and logistics equipment. From 2016 to 2020, the growth rate of my country's smart logistics market has remained above double digits. The market size in 2020 has reached close to 600 billion yuan, a year-on-year increase of 23.10%. The market size is expected to exceed one trillion yuan by 2025. In recent years, with the development of technologies such as the Internet of Things and artificial intelligence, as well as higher requirements for logistics in fields such as new retail and smart manufacturing, the scale of the smart logistics market will continue to expand. In summary, my country's smart logistics industry market still has large room for growth, providing a good market environment for the growth of the AGV market size.
(2) Changes in market demand for intelligent production line systems and equipment
According to statistics from the "China Intelligent Manufacturing System Solutions Market Research Report (2018 Edition)", as early as 2017, in addition to distribution logistics and sales logistics, the market size of the intelligent manufacturing industry in the production logistics link has reached 128 billion yuan.
AGV production line system and equipment business can be applied to the tobacco industry. According to the "Guiding Opinions of the State Tobacco Monopoly Administration and China Tobacco Corporation on Promoting the Transformation of Cigarette Process Technology", "Promote the integrated development of information technology and cigarette manufacturing industry in a wider scope, deeper level and higher level, and continue to improve the intelligent manufacturing of the cigarette industry." level. By 2025, we strive to establish the digital foundation of the intelligent manufacturing system in the cigarette industry and build a number of cigarette factories with intelligent manufacturing capabilities. The cigarette industry will further develop towards digitalization, networking and intelligence, and initially form a new innovation and development trend for China's cigarette industry. "Advantages", the tobacco industry will further develop towards intelligence and expand the market space for intelligent manufacturing in the cigarette industry, thus driving the market demand for AGV products.
2. Policy support
In accordance with the overall deployment of the "14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Outline of Long-term Goals for 2035", implement the key tasks of the "14th Five-Year Plan for Robot Industry Development", accelerate the expansion of robot applications, and follow Xi Jinping's Guided by the General Secretary’s Thought on Socialism with Chinese Characteristics for a New Era, focusing on product innovation and scene promotion, we implement classified policies to expand the depth and breadth of robot applications, cultivate the robot development and application ecosystem, enhance the market competitiveness of independent brand robots, and promote my country’s robot industry. Self-reliance.
In 2022, the Ministry of Industry and Information Technology issued the "Notice on Carrying out the Pilot Work on the Application of Intelligent Manufacturing Standards in 2022" again emphasizing the promotion of the construction of professional robot innovation centers and vigorously developing industrial robots and other industries. On January 19, 2023, 17 departments including the Ministry of Industry and Information Technology jointly issued the "Implementation Plan for the "Robot+" Application Action". The plan proposes that by 2025, the density of manufacturing robots will double compared with 2020, and the depth and breadth of application in the robot industry will be significantly improved. ,robot
The ability to promote high-quality economic and social development will be significantly enhanced. Focus on 10 key application areas, strengthen the application expansion of industrial robots in manufacturing, agriculture, construction, new energy, medical health, elderly care services and other fields, and fully support the development of the robot industry.
3. Promotion of automation and Industry 4.0
With the continuous advancement of automation and Industry 4.0, the demand for efficient, reliable and suitable equipment for automation integration has increased. As one of the key components, automated guided vehicles (AGVs) have received widespread attention and application.
According to population data released by the National Bureau of Statistics, the national population will decrease by 850,000 people in 2022, and our country has entered an era of negative population growth. It is expected that as the labor force population decreases and labor costs rise in the future, the entire industry will be forced to upgrade to automation and drive the manufacturing industry to transform into intelligence. Against this background, the importance of robots replacing labor has become increasingly prominent. IFR data shows that the density of domestic industrial robots in 2020 is 255 units per 10,000 people. Facing typical applications in traditional manufacturing and exploration of applications in emerging fields, and the layout of downstream industries in multiple fields, the density of industrial robots is expected to quickly climb to the target level. of 510 units/ten thousand people, the market space will also double accordingly. With the guidance of national policies and the follow-up of local policies, the advanced equipment manufacturing industry is encouraged at multiple levels such as products, industries, and social needs. The expansion of downstream demand will generate continued large demand for the robot industry chain.
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