The supply chain management has undergone a dramatic transition in technology in recent years. The market for automated guided vehicles such as forklift trucks, pallet trucks, small rack carriers and others has expanded as these vehicles are able to perform desired activities with detailed programming of machines. Furthermore, there is an increasing need for safe, reliable and more efficient material handling in the e-commercial sector, which is fuelling this market. The growing automated guided vehicle market is further boosting the growth. However, the high initial investment and high cost of servicing and maintenance of automated guided vehicles can hinder the market growth.