North America Automated Guided Vehicle Market Forecast to 2030 - Regional Analysis - by Technology, Vehicle Type, and End User

Description

List of Tables

The North America automated guided vehicle market was valued at US$ 1,161.16 million in 2022 and is expected to reach US$ 2,976.90 million by 2030; it is estimated to grow at a CAGR of 12.5% from 2022 to 2030.

Huge Growth in E-Commerce Sector fuel the North America Automated Guided Vehicle Market

The growing e-commerce sector worldwide has surged the adoption of the automated material handling process. E-commerce companies such as Alibaba, Walmart, Amazon, and Flipkart are increasing their focus on automated material handling to reduce operational costs and increase inventory size. In 2023, the successful launch of Rocrich AGV systems was announced by German intralogistics pioneer Jungheinrich and Mitsubishi Logisnext Americas, a major North American provider and manufacturer of material handling, automation, and fleet systems.

The players operating in the e-commerce industry are upgrading, and industry executives are trying to stand out by lowering the time taken to deliver products to end users. The adoption of AGVs in the e-commerce industry is increasing extensively as industry executives try to roll out a reliable storage process and improve efficiency. Further, the deployment of AGVs in warehouses is helping e-commerce companies automate the intralogistics tasks, such as picking, sorting, and palletizing, thereby increasing efficiency.

North America Automated Guided Vehicle Market Overview

The North American automated guided vehicles market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest automated guided vehicles market share during the forecast period. The adoption of AGVs in North America has been experiencing rapid growth across the manufacturing, warehousing, automotive, pharmaceuticals, and e-commerce industries. As businesses aim to improve efficiency and reduce operational costs, AGVs have become an attractive solution to overcome these issues. The surge in e-commerce activities in North America is a key factor boosting the demand for AGVs.

North America Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)

North America Automated Guided Vehicle Market Segmentation

The North America automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the North America automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.

Based on vehicle type, the North America automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.

Based on end user, the North America automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.

Based on country, the North America automated guided vehicle market is segmented into the US, Canada, and Mexico. The US dominated the North America automated guided vehicle market share in 2022.

Bastian Solutions LLC; Daifuku Co Ltd; Dematic Corp; Hyster-Yale Group Inc; John Bean Technologies Corp; Jungheinrich AG; Kion Group AG; Konecranes Plc; Murata Machinery Ltd; and Toyota Material Handling Inc are some of the leading players operating in the North America automated guided vehicle market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America automated guided vehicle market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America automated guided vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America automated guided vehicle market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00027767

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 North America Automated Guided Vehicles Market - By Technology
- 1.3.2 North America Automated Guided Vehicles Market - By Vehicle Type
- 1.3.3 North America Automated Guided Vehicles Market - By End User
- 1.3.4 North America Automated guided vehicles Market - By Country

2. North America Automated Guided Vehicles Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Automated Guided Vehicles - Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 North America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. North America Automated Guided Vehicles Market- Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Industrialization and Automation In Industries
- 5.1.2 Huge Growth in E-Commerce Sector
- 5.1.3 Increasing Need for Well-Managed Operations in Warehouses, Distribution, and Manufacturing Facilities
5.2 Market Restraints
- 5.2.1 High Upfront Costs
- 5.2.2 AGV Alternatives
5.3 Market Opportunities
- 5.3.1 Incorporation of Industry 4.0
- 5.3.2 Substantial Growth of Industries
5.4 Future Trends
- 5.4.1 Technological Advancements in AGVs
5.5 Impact analysis

6. Automated Guided Vehicles Market - North America Analysis

6.1 North America Automated Guided Vehicles Market Overview
6.2 North America Automated Guided Vehicles Market - Revenue and Forecast to 2030 (US$ Million)

7. North America Automated Guided Vehicles Market Analysis and Forecast to 2030 - Technology

7.1 Overview
7.2 Automated Guided Vehicles Market, by Technology, 2022 & 2030 (% Share)
7.3 Laser Target Navigation
- 7.3.1 Overview
- 7.3.2 Laser Target Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.4 Magnetic Navigation
- 7.4.1 Overview
- 7.4.2 Magnetic Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.5 Wired Navigation
- 7.5.1 Overview
- 7.5.2 Wired Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.6 Guide Tape Navigation
- 7.6.1 Overview
- 7.6.2 Guide Tape Navigation: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

8. North America Automated Guided Vehicles Market Analysis and Forecast to 2030 - Vehicle Type

8.1 Overview
8.2 Automated Guided Vehicles Market, by Vehicle Type, 2022 & 2030 (% Share)
8.3 Tow Vehicle
- 8.3.1 Overview
- 8.3.2 Tow Vehicle: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.4 Pallet Trucks
- 8.4.1 Overview
- 8.4.2 Pallet Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.5 Tugger Trains
- 8.5.1 Overview
- 8.5.2 Tugger Trains: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.6 Forklift Trucks
- 8.6.1 Overview
- 8.6.2 Forklift Trucks: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

9. North America Automated Guided Vehicles Market Analysis and Forecast to 2030 - End User

9.1 Overview
9.2 Automated Guided Vehicles Market, by End User, 2022 & 2030 (% Share)
9.3 Logistics
- 9.3.1 Overview
- 9.3.2 Logistics: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.4 Automotive
- 9.4.1 Overview
- 9.4.2 Automotive: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.5 General Manufacturing
- 9.5.1 Overview
- 9.5.2 General Manufacturing: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.7 Retail
- 9.7.1 Overview
- 9.7.2 Retail: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.8 Food and Beverage
- 9.8.1 Overview
- 9.8.2 Food and Beverage: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.9 Aerospace
- 9.9.1 Overview
- 9.9.2 Aerospace: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)

10. North America Automated Guided Vehicles Market Revenue and Forecast to 2030 - Country Analysis

10.1 North America: Automated Guided Vehicles (AGV) Market
- 10.1.1 Overview
- 10.1.2 North America Automated Guided Vehicles (AGV) Market, by Country
  - 10.1.2.1 US
  - 10.1.2.2 US Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.2.1 United States Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.2 United States Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.2.3 US Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.2.4 United States Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.3 Canada
    - 10.1.2.3.1 Canada Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.3.2 Canada Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.3 Canada Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.3.4 Canada Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.3.5 Canada Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)
  - 10.1.2.4 Mexico
  - 10.1.2.5 Mexico Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
    - 10.1.2.5.1 Mexico Automated Guided Vehicles (AGV) Market, by Technology - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.2 Mexico Automated Guided Vehicles (AGV) Market, by Vehicle Type - Revenue and Forecast to 2030 (USD Million)
    - 10.1.2.5.3 Mexico Automated Guided Vehicles (AGV) Market, by Vehicle Type - Market Volume and Forecast to 2030 (Units)
    - 10.1.2.5.4 Mexico Automated Guided Vehicles (AGV) Market, by End-User - Revenue and Forecast to 2030 (USD Million)

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Dematic Corp
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Kion Group AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Jungheinrich AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Toyota Material Handling Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Konecranes Plc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 John Bean Technologies Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Daifuku Co Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Bastian Solutions LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Hyster-Yale Group Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Murata Machinery Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms