The fifth generation of mobile communication (5G) is expected to bring immense benefits to automated guided vehicles by improving existing respectively enabling 5G-distinctive network control systems, leading to higher productivity and safety. However, only 1% of production companies have fully deployed 5G yet. Most companies currently lack an understanding of return on investment and of technical use-case benefits. Therefore, this paper analyses the influence of 5G on an automated guided vehicle use case based on a five-step evaluation model. The analysis is conducted with a use case in the Digital Experience Factory in Aachen. It shows a difference of net present value between 4G and 5G of 1.3 M€ after 10 years and a difference of return of investment of 66%. Furthermore, analysis shows an increase of mobility (13%), productivity (20%) and safety (136%). This indicates a noticeable improvement of a 5G-controlled automated guided vehicle compared to a 4G-controlled automated guided vehicle.