Blockchain Press Releases
Automated Guided Vehicle Market to Reach $9.18 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 5, 2023 /PRNewswire/ — The global automated guided vehicle market size is anticipated to reach USD 9.18 billion by 2030, registering a CAGR of 9.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials and manufactured products from one point to another within the facility, thereby eliminating any potential disruption in production.
Key Industry Insights & Findings from the report:
- The unit load carrier segment is expected to expand at the fastest CAGR over the forecast period owing to its ability to handle multiple items simultaneously, reducing the number of trips required and, potentially, handling costs.
- Natural navigation technology’s adoption is expected to grow significantly over the forecast period as it enables businesses to easily modify and expand the guide path of the AGV.
- Assembly line application is expected to have the highest CAGR over the forecasts period as assembly line AGV are replacing traditional mechanical production lines.
- The manufacturing segment dominated the market in 2022 and accounted for a revenue share of over 77%. The growing adoption of automated guided vehicles across various industries can be attributed to the benefits offered by AGVs in terms of productivity, safety, and accuracy.
- The service segment is anticipated to be the fastest-growing segment in the forecast period. This growth can be attributed to the rising demand for various services, which include preventive and corrective maintenance, vehicle and software health check, and training employees directly or indirectly with the operation of AGVs.
- Europe dominated the market in 2022 and accounted for a revenue share of over 30%. Rising investments in the manufacturing sector’s technological advancement are expected to improve the AGV market in Europe.
Read 213-page market research report, “Automated Guided Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type, By Navigation Technology, By Application, By End-Use Industry, By Component, By Battery Type, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
Automated Guided Vehicle Market Growth & Trends
These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, which help detect junctions, identify floor signs, and avoid collisions with any obstacle. For instance, in November 2021, Quanergy Systems, Inc., a U.S.-based company that offers an AI-powered LiDAR platform, launched the new M1 Edge 2D LiDAR sensors for automation. The newly launched LiDAR sensor is light in weight, broad 360°, with a sensing capability of up to 200 meters used in mobile robotics, AGVs, warehouse logistics applications, and port automation.
Several manufacturing plants and warehouses deploy material handling equipment for various activities, such as locating stock, picking orders, and moving products and raw materials. Transportation and logistics firms are mainly focusing on deploying such equipment to boost the efficiency of their operations in line with the growing demand for their services. For instance, in March 2023, MasterMover Ltd, a prominent manufacturer of electric tug and tow solutions, announced a collaboration with BlueBotics, a navigation, robotics, and industrial automation company.
The partnership intends to offer best-in-class Autonomous Navigation Technology (ANT) technologies for MasterMover’s range of AGVs. In February 2021, Scott (Transbotics Corporation), a prominent solution provider for AGVs, partnered with KUKA AG, a German manufacturer of robots, to coordinate the industrial robots of KUKA AG into material handling systems. Further, these robots would also benefit the warehouse team in assembling, packaging, welding, storing, and shipping. Also, material handling solutions are used to increase transportation efficiency, decrease physical damage to the material, and reduce overheads by limiting the number of employees.
The AGV market is witnessing a progressive switch from lead-acid to lithium-ion batteries. Lithium-ion batteries offer several advantages over lead-acid batteries. They tend to be lighter and more compact. They can charge faster, provide longer runtimes, and support more charge cycles. Hence, they are ideal for AGVs, as they need not be charged frequently during operating shifts or in 24×7 operating environments, and AGVs running on lithium-ion batteries can offer higher round-trip efficiencies. For instance, in March 2021, Nissan Motor Co., Ltd, a global manufacturer of automobiles, buses, and trucks, stated that they use lithium-ion batteries to power their automated guided vehicles, which no longer need a worker to remove the battery and plug them in it charges faster. These batteries let AGVs last longer and bring significant innovations to their warehouse.
Automated Guided Vehicle Market Report Scope
Report Attribute |
Details |
Market size value in 2023 |
USD 4.79 billion |
Revenue forecast in 2030 |
USD 9.18 billion |
Growth rate |
CAGR of 9.7% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 – 2021 |
Forecast period |
2023 – 2030 |
Automated Guided Vehicle Market Segmentation
Grand View Research has segmented the global automated guided vehicle market based on vehicle type, navigation technology, application, end-use industry, component, battery type, and region
Automated Guided Vehicle Market – Type Outlook (Revenue, USD Million, 2017 – 2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
Automated Guided Vehicle Market – Navigation Technology Outlook (Revenue, USD Million, 2017 – 2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
Automated Guided Vehicle Market – Application Outlook (Revenue, USD Million, 2017 – 2030)
- Logistics & Warehousing
- Transportation
- Cold Storage
- Wholesale & Distribution
- Cross-docking
- Assembly
- Packaging
- Trailer Loading and Unloading
- Raw Material Handling
- Others
Automated Guided Vehicle Market – End-Use Industry Outlook (Revenue, USD Million, 2017 – 2030)
- Manufacturing Sector
- Automotive
- Aerospace
- Electronics
- Chemical
- Pharmaceuticals
- Plastics
- Defense
- FMCG
- Tissue
- Others
- Wholesale & Distribution Sector
- E-commerce
- Retail Chains/Conveyance Stores
- Grocery Stores
- Hotels & Restaurants
Automated Guided Vehicle Market – Component Outlook (Revenue, USD Million, 2017 – 2030)
- Hardware
- Software
- Service
Automated Guided Vehicle Market – Battery Type Outlook (Revenue, USD Million, 2017 – 2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
Automated Guided Vehicle Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
List of Key Players in Automated Guided Vehicle (AGV) Market
- Swisslog Holding AG
- Egemin Automation Inc.
- Bastian Solutions, Inc.
- Daifuku Co., Ltd.
- Dematic
- JBT
- Seegrid Corporation
- TOYOTA INDUSTRIES CORPORATION
- Hyster-Yale Materials Handling, Inc.
- BALYO
- E&K Automation GmbH
- Kollmorgen
- KMH Fleet Solutions
- ELETTRIC80 S.P.A.
- Fetch Robotics, Inc.
- inVia Robotics, Inc.
- Locus Robotics
- Schaefer Systems International, Inc.
- System Logistics Spa
- Transbotics (A division of Scott Systems International Incorporated)
Check out more related studies published by Grand View Research:
- Vision Positioning System Market – The global vision positioning system market size is expected to reach USD 9.68 billion by 2025, according to a new report by Grand View Research, Inc., registering a 12.0% CAGR during the forecast period. Increased applications in healthcare, defense, and industrial automation sectors are expected to drive the market over the forecast period.
- Automated Parcel Delivery Terminals Market – The global automated parcel delivery terminals market size is expected to reach USD 1.06 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness significant growth, owing to the rapidly increasing volumes of parcel shipping. Such a considerable increase in volume is primarily driven by the growth in e-commerce market and cross-border deliveries globally. In addition, the increasing demand for alternative delivery solutions is also fueling the market growth.
- AMH Equipment Market – The global automated material handling equipment market size is expected to reach USD 114.45 billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing labor costs in many countries drive the demand for AMH equipment to replace manual labor. It helps companies save money by reducing the need for manual labor and increasing productivity. Furthermore, e-commerce has created a need for faster and more efficient material handling systems. AMH equipment is used in e-commerce warehouses to handle large volumes of orders and ensure that products are delivered to customers quickly and accurately. Technological advances have also made it possible to develop more sophisticated AMH equipment that is fast, accurate, and reliable. These systems use sensors, Artificial Intelligence (AI), and Machine Learning (ML) to automate material handling tasks.
Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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Blockchain Press Releases
AB Charity Foundation Launches to Pioneer a New Global Model for Public Good Driven by Institutional Trust and Technology

SINGAPORE, April 11, 2025 /PRNewswire/ — AB Charity Foundation has officially launched its global operations and unveiled its newly upgraded website at www.ab.org, marking the beginning of a public-interest initiative built on institutional credibility and advanced blockchain technology. Headquartered in Ireland with recognized legal status under EU law, the Foundation is positioned as a global nonprofit entity committed to reshaping the future of public trust and sustainable development by bridging governments, civil society, and the tech community.
The Foundation’s governance is led by a distinguished board of directors composed of former heads of state from Europe. The board is chaired by Bertie Ahern, former three-term Prime Minister of Ireland and a key architect of the Good Friday Agreement. Board members include Lawrence Gonzi (former Prime Minister of Malta), Péter Medgyessy (former Prime Minister of Hungary), Danilo Türk (former President of Slovenia), and Petar Stoyanov (former President of Bulgaria).
The Foundation is actively expanding its global advisory board, bringing together respected figures from all five continents—including former presidents, scientists, diplomats, and cultural leaders—to guide strategic planning and foster international collaboration in delivering impactful social initiatives.
At the heart of the Foundation’s mission lies a commitment to public good: advancing global efforts in education, healthcare, environmental protection, and humanitarian aid. The Foundation aims to build a “verifiable model of cooperative goodwill,” powered by transparent governance and next-generation technology. As its founders emphasize, “It is not a specific technology that changes the world—but the shared consensus around trustworthy institutions and global cooperation.”
AB Charity Foundation is technically supported by AB DAO, which provides the blockchain infrastructure underpinning the Foundation’s operations. Through smart contract automation, 15% to 30% of the gas fees from every transaction on the AB public chain are directed into a dedicated charity pool. This mechanism enables a new operational model for charitable funding—combining on-chain fundraising, automated distribution, full-chain auditability, and third-party compliance assurance.
In addition, 15% to 30% of the returns generated from investments by the AB Ecosystem Fund will also be directed into the Foundation’s pool. The fund has already supported dozens of projects, with more initiatives in the pipeline—strengthening the financial sustainability of the Foundation’s mission.
By leveraging blockchain’s inherent transparency, the Foundation aspires to become a scalable model for next-generation philanthropic infrastructure—ensuring every donation is traceable, every distribution verifiable, and every intention honored.
To follow AB Charity Foundation and support its mission
- Official Website: www.ab.org
- Global Community Portal: www.ab.org/community
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Blockchain Press Releases
BingX Xpool Opens 50,000 BABY Reward Pool for USDT Stakers

PANAMA CITY, April 11, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the BABY token has been added to its Xpool feature. Starting April 7 at 10:00 (UTC) through April 14 at 10:00 (UTC), BingX users can stake USDT in Xpool to share a total reward pool of 50,000 BABY Points. Participants can redeem BABY Points at a 1:1 ratio for BABY tokens, providing early access to Babylon’s Bitcoin staking protocol without the need to lock actual BTC, ahead of BABY’s official spot listing and perpetual futures trading on April 10.
BABY is the governance and utility token of Babylon, a protocol that allows native Bitcoin staking without bridging or wrapping BTC. The token powers validator delegation, governance functions, and staking incentives. Its addition to X-Pool reflects BingX’s continued focus on providing access to promising early-stage projects through simple and flexible mechanisms.
By staking USDT in Xpool, BingX users gain a passive income opportunity tied to the growth of Bitcoin staking activity on Babylon. This is especially useful for those who want to participate in emerging staking models without the complexity of running nodes or interacting directly with smart contracts. Xpool ensures a streamlined process with no lock-up requirements and real-time reward tracking.
“Our users have been asking for more diverse and meaningful token options in Xpool. With BABY, we are offering them exposure to a unique staking protocol built specifically for Bitcoin holders”, said Vivien Lin, Chief Product Officer of BingX. “You don’t need to be a validator or bridge assets to benefit as you can just stake USDT through Xpool and start earning. It is simple, efficient, and designed with user control in mind.”
Adding BABY to Xpool strengthens BingX’s position as a flexible platform for low-barrier token engagement. The BABY Xpool campaign bridges trending DeFi utilities with a centralized, user-friendly experience to support novel protocols like Babylon while rewarding users who move early.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/

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Blockchain Press Releases
MEXC Among Top 3 CEXs with $1.79B Monthly Inflows, Driven by Innovative Strategies

VICTORIA, Seychelles, April 11, 2025 /PRNewswire/ — MEXC has achieved a net inflow of $77.5 million over the past 7 days, positioning itself as one of the few major centralized exchanges (CEXs) to demonstrate positive momentum during a widespread market decline, according to DeFiLlama. The exchange’s total monthly net inflow reached $1.79 billion, a 12.4% rise from the previous month, highlighting its resilience and consistent growth amid cautious user behavior across the broader market.
DeFiLlama data also ranks MEXC among the top 3 exchanges for monthly inflows, with $84.25 million recorded in April alone and a total value locked (TVL) of $2.8 billion as of April 9, 2025. This performance reflects MEXC’s growing credibility and ability to attract liquidity despite ongoing market volatility.
Exchange |
7-Day Net Inflow |
30-Day Net Inflow |
Binance |
+$888 million |
+$3.7 billion |
Bybit |
+$564.9 million |
+$3.2 billion |
MEXC |
+$77.5 million |
+$1.79 billion |
Kucoin |
−$40 million |
−$893.5 million |
HTX |
+$402.1 million |
+$464.9 million |
Net Inflow Trends Across Major CEXs (Source: https://defillama.com/cexs)
MEXC’s standout performance over the past month can be attributed to its strategic focus on trading initiatives and ecosystem development. The key drivers behind this success include the following:
- Strategic Initiatives: Through its “Zero Trading Fee” campaign, MEXC significantly boosted trading volume and user engagement.
- BNB Chain Ecosystem Focus: MEXC’s targeted approach to CZ/BNB-Chain concept tokens, coupled with high returns and trading volumes of popular tokens, further drove user fund inflows.
- Capturing High-Potential Tokens: As the first platform to list CZ/BNB-Chain concept tokens like MUBARAK, MEXC created opportunities for low-cost entry and high returns, drawing significant user capital.
- Launch of DEX+: The launch of DEX+, a hybrid centralized-decentralized trading platform, lowered the barriers to on-chain trading, enhancing MEXC’s appeal to users and boosting fund inflows.
1. Zero Trading Fee Strategy Significantly Boosts Trading Activity
During its March Zero Trading Fee campaign, MEXC introduced trading pairs such as SOL/USDT, HYPE/USDT, and S/USDT, resulting in a 17.8% month-over-month increase in the number of traders and a remarkable 170.2% surge in trading volume. Notably, SOL/USDT saw a 185.62% increase in trading volume, with its average daily trading volume accounting for 19.0% of MEXC’s total futures trading volume – a growth rate of 189.69%—making it the standout pair of the quarter. ADA/USDT recorded the highest growth, with a 369.44% increase in trading volume and a 393.05% rise in its share of MEXC’s daily futures trading volume. Additionally, DOGE/USDT and SUI/USDT saw trading volume increases of 82.87% and 70.84%, respectively.
0 Trading Fee strategy also significantly enhanced MEXC’s market share. Trading pairs such as AIXBT/USDT, DOGE/USDT, and SOL/USDT led market share growth with increases of 331%, 283%, and 209%, respectively. DOGE/USDT and SOL/USDT achieved market shares of 30.5% and 30.3%, respectively, ranking first among the same pairs on CoinMarketCap (CMC), while ADA/USDT secured the second spot with a 20.6% market share. These figures demonstrate that the 0 Trading Fee campaign effectively ignited user trading enthusiasm, driving substantial fund inflows to the platform.
2. Strategic Focus on BNB Chain Ecosystem Fuels Hot Token Trading
The BNB Chain ecosystem has emerged as a new hotspot for on-chain assets over the past month, and MEXC’s strategic focus on this ecosystem has paid off. In March, BNB Chain ecosystem tokens accounted for 50.8% of new token spot trading users, a 30.1% month-over-month increase, while their trading volume share soared to 56.6%, reflecting a 63.5% month-over-month growth. This made the BNB Chain ecosystem a core driver of March’s trading surge.
The top five BNB Chain ecosystem tokens delivered an average return of 3,760%, creating significant profit opportunities for users while fueling a trading frenzy. Star tokens like MUBARAK, BUBB, and TUT led the charge with gains of 10,900%, 4,168%, and 2,000%, respectively, contributing 17%, 4%, and 7% to new token trading volume. MUBARAKAH and BMT also performed strongly, contributing 4% and 3% to trading volume, respectively. The robust trading activity of BNB Chain ecosystem tokens further attracted user fund inflows, injecting fresh momentum into MEXC’s growth.
3. First-Mover Advantage in Token Launches Makes MEXC a Go-To Platform for Low-Cost Entry
MEXC demonstrated industry-leading prowess in launching CZ-concept tokens. On March 14, 2025, at 12:35:00 (UTC+8), MEXC became the first exchange to list MUBARAK, outpacing all other platforms. Within 24 hours of its launch, MUBARAK surged by 1,377.5%, reaching a peak price of $0.22—a staggering 10,900% increase from its listing price. By the close of March 18, MUBARAK’s average daily trading volume had grown by 197% compared to March 15–16, with the number of traders rising by 76% month-over-month, reflecting sustained user enthusiasm.
4. DEX+ Launch Enhances User Experience and Fund Attraction Through Innovation
In March, MEXC introduced DEX+, a hybrid centralized-decentralized trading platform that allows users to engage in decentralized trading without leaving the MEXC app or website, providing access to a wide range of on-chain assets. Currently, DEX+ supports over 15,000 tokens across the Solana and BNB Chain ecosystems, covering a broad spectrum of on-chain assets. This innovative model not only enhances trading convenience but also strengthens MEXC’s appeal to on-chain trading users, further driving fund inflows.
Conclusion
With $1.79 billion in fund inflows over the past month and a 63.9% fund inflow efficiency, MEXC has demonstrated its competitive strength among global cryptocurrency exchanges. Whether through its 0 Trading Fee campaign to boost trading activity, its strategic focus on the BNB Chain ecosystem, its first-mover advantage in launching high-potential tokens, or the innovative launch of DEX+, MEXC has leveraged innovation to drive rapid fund inflows. Looking ahead, as the crypto market continues to evolve, MEXC is well-positioned to attract more global users and solidify its market standing by further enhancing user experience and expanding its market presence.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website| X | Telegram |How to Sign Up on MEXC

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