The global market for Automatic Guided Vehicle Battery was valued at US$ 417 million in the year 2024 and is projected to reach a revised size of US$ 633 million by 2031, growing at a CAGR of 6.8% during the forecast period.
An Automatic Guided Vehicle (AGV) battery is a power source designed specifically for AGVs, which are driverless vehicles used in industrial settings for material handling. These batteries provide the necessary electrical energy for AGVs to navigate, transport loads, and perform their designated tasks. They must be durable, reliable, and capable of withstanding the demands of continuous operation. Battery types vary, with lead-acid and lithium-ion being the most common. The selection of an AGV battery depends on factors like the vehicle's size, load capacity, operational environment, and desired runtime.
The AGV battery industry is experiencing a significant shift towards advanced battery technologies, driven by the increasing demand for automation and efficiency in various sectors. The most prominent trend is the rapid adoption of lithium-ion batteries, replacing traditional lead-acid batteries due to their superior energy density, longer lifespan, and faster charging capabilities. This transition is fueled by the need for AGVs to operate for extended periods with minimal downtime, especially in demanding environments like e-commerce warehouses and manufacturing plants. Furthermore, there's a growing emphasis on smart battery management systems (BMS) that provide real-time data on battery health, usage, and charging status, enabling predictive maintenance and optimized performance. Wireless charging solutions are also gaining traction, offering convenient and automated charging options for AGVs. Additionally, sustainability is becoming a key consideration, with manufacturers focusing on developing eco-friendly battery solutions and promoting recycling initiatives. The integration of AI and machine learning into BMS is further enhancing battery performance and efficiency, allowing for adaptive charging and optimized energy consumption. As the AGV market continues to expand, the battery industry is poised for continuous innovation, with a focus on developing lighter, more powerful, and more sustainable energy solutions.
This report aims to provide a comprehensive presentation of the global market for Automatic Guided Vehicle Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automatic Guided Vehicle Battery.
The Automatic Guided Vehicle Battery market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Automatic Guided Vehicle Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automatic Guided Vehicle Battery companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Âé¶¹Ô´´ Segmentation
By Company
Long Sing Technology
East Penn Manufacturing
Richye
PLB Battery
WEWO Techmotion
Wiferion
AGVE Group
BSLBATT
Toshiba
Battsys
Segment by Type
<30V
≥30³Õ
Segment by Application
AGV Manufacturing
AGV Maintenance
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automatic Guided Vehicle Battery company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 <30V
1.2.3 ≥30³Õ
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth by Application: 2020 VS 2024 VS 2031
1.3.2 AGV Manufacturing
1.3.3 AGV Maintenance
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Perspective (2020-2031)
2.2 Global Automatic Guided Vehicle Battery Growth Trends by Region
2.2.1 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
2.2.2 Automatic Guided Vehicle Battery Historic Âé¶¹Ô´´ Size by Region (2020-2025)
2.2.3 Automatic Guided Vehicle Battery Forecasted Âé¶¹Ô´´ Size by Region (2026-2031)
2.3 Automatic Guided Vehicle Battery Âé¶¹Ô´´ Dynamics
2.3.1 Automatic Guided Vehicle Battery Industry Trends
2.3.2 Automatic Guided Vehicle Battery Âé¶¹Ô´´ Drivers
2.3.3 Automatic Guided Vehicle Battery Âé¶¹Ô´´ Challenges
2.3.4 Automatic Guided Vehicle Battery Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automatic Guided Vehicle Battery Players by Revenue
3.1.1 Global Top Automatic Guided Vehicle Battery Players by Revenue (2020-2025)
3.1.2 Global Automatic Guided Vehicle Battery Revenue Âé¶¹Ô´´ Share by Players (2020-2025)
3.2 Global Top Automatic Guided Vehicle Battery Players by Company Type and Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Automatic Guided Vehicle Battery Revenue
3.4 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Automatic Guided Vehicle Battery Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automatic Guided Vehicle Battery Revenue in 2024
3.5 Global Key Players of Automatic Guided Vehicle Battery Head office and Area Served
3.6 Global Key Players of Automatic Guided Vehicle Battery, Product and Application
3.7 Global Key Players of Automatic Guided Vehicle Battery, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Automatic Guided Vehicle Battery Breakdown Data by Type
4.1 Global Automatic Guided Vehicle Battery Historic Âé¶¹Ô´´ Size by Type (2020-2025)
4.2 Global Automatic Guided Vehicle Battery Forecasted Âé¶¹Ô´´ Size by Type (2026-2031)
5 Automatic Guided Vehicle Battery Breakdown Data by Application
5.1 Global Automatic Guided Vehicle Battery Historic Âé¶¹Ô´´ Size by Application (2020-2025)
5.2 Global Automatic Guided Vehicle Battery Forecasted Âé¶¹Ô´´ Size by Application (2026-2031)
6 North America
6.1 North America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size (2020-2031)
6.2 North America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2020-2025)
6.4 North America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size (2020-2031)
7.2 Europe Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2020-2025)
7.4 Europe Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size (2020-2031)
8.2 Asia-Pacific Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Region (2020-2025)
8.4 Asia-Pacific Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size (2020-2031)
9.2 Latin America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2020-2025)
9.4 Latin America Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size (2020-2031)
10.2 Middle East & Africa Automatic Guided Vehicle Battery Âé¶¹Ô´´ Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2020-2025)
10.4 Middle East & Africa Automatic Guided Vehicle Battery Âé¶¹Ô´´ Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Long Sing Technology
11.1.1 Long Sing Technology Company Details
11.1.2 Long Sing Technology Business Overview
11.1.3 Long Sing Technology Automatic Guided Vehicle Battery Introduction
11.1.4 Long Sing Technology Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.1.5 Long Sing Technology Recent Development
11.2 East Penn Manufacturing
11.2.1 East Penn Manufacturing Company Details
11.2.2 East Penn Manufacturing Business Overview
11.2.3 East Penn Manufacturing Automatic Guided Vehicle Battery Introduction
11.2.4 East Penn Manufacturing Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.2.5 East Penn Manufacturing Recent Development
11.3 Richye
11.3.1 Richye Company Details
11.3.2 Richye Business Overview
11.3.3 Richye Automatic Guided Vehicle Battery Introduction
11.3.4 Richye Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.3.5 Richye Recent Development
11.4 PLB Battery
11.4.1 PLB Battery Company Details
11.4.2 PLB Battery Business Overview
11.4.3 PLB Battery Automatic Guided Vehicle Battery Introduction
11.4.4 PLB Battery Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.4.5 PLB Battery Recent Development
11.5 WEWO Techmotion
11.5.1 WEWO Techmotion Company Details
11.5.2 WEWO Techmotion Business Overview
11.5.3 WEWO Techmotion Automatic Guided Vehicle Battery Introduction
11.5.4 WEWO Techmotion Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.5.5 WEWO Techmotion Recent Development
11.6 Wiferion
11.6.1 Wiferion Company Details
11.6.2 Wiferion Business Overview
11.6.3 Wiferion Automatic Guided Vehicle Battery Introduction
11.6.4 Wiferion Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.6.5 Wiferion Recent Development
11.7 AGVE Group
11.7.1 AGVE Group Company Details
11.7.2 AGVE Group Business Overview
11.7.3 AGVE Group Automatic Guided Vehicle Battery Introduction
11.7.4 AGVE Group Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.7.5 AGVE Group Recent Development
11.8 BSLBATT
11.8.1 BSLBATT Company Details
11.8.2 BSLBATT Business Overview
11.8.3 BSLBATT Automatic Guided Vehicle Battery Introduction
11.8.4 BSLBATT Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.8.5 BSLBATT Recent Development
11.9 Toshiba
11.9.1 Toshiba Company Details
11.9.2 Toshiba Business Overview
11.9.3 Toshiba Automatic Guided Vehicle Battery Introduction
11.9.4 Toshiba Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.9.5 Toshiba Recent Development
11.10 Battsys
11.10.1 Battsys Company Details
11.10.2 Battsys Business Overview
11.10.3 Battsys Automatic Guided Vehicle Battery Introduction
11.10.4 Battsys Revenue in Automatic Guided Vehicle Battery Business (2020-2025)
11.10.5 Battsys Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Âé¶¹Ô´´ Size Estimation
13.1.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Long Sing Technology
East Penn Manufacturing
Richye
PLB Battery
WEWO Techmotion
Wiferion
AGVE Group
BSLBATT
Toshiba
Battsys
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*If Applicable.