North America Automated Guided Vehicle (AGV) Market Research Report: Forecast (2024-2030)

North America Automated Guided Vehicle (AGV) Market Report - By Type (Forklift Trucks, Tow Vehicles, Unit Load Carriers, Assembly Line Vehicles, Others (Pallet Trucks, Autonomous Mobile Robots, etc.))... ... obile Robots, etc.)), By Navigation Technology (Laser Target Navigation, Magnetic Guide Tape, Wired Navigation, Vision Guidance, Inertial (gyroscopic) Navigation, Others (Geoguidance, LiDAR, etc.)), By Application (Logistics & Warehousing, Assembly, Packaging, Others (Trailer loading & unloading, Raw material handling, etc.)), By End User (Aerospace & Defense, Food & Beverages, Electronics & Semiconductors, Retail, Automotive, Others (Healthcare, Chemical, etc.)), and Others Read more

  • Automotive
  • Jan 2024
  • 166
  • PDF, Excel, PPT

Market Definition

Automated Guided Vehicles (AGVs) are computer-controlled, mobile robots designed for material handling and transportation tasks within industrial and logistical environments. These vehicles navigate autonomously using various guidance systems, such as lasers, vision, or inductive wires embedded in the floor. AGVs enhance operational efficiency, reduce manual labor, and contribute to streamlined & automated material flow in sectors like manufacturing, warehousing, and distribution.

Market Insights & Analysis: North America Automated Guided Vehicle (AGV) Market (2024-30):

The North America Automated Guided Vehicle (AGV) Market size is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2024-30. Manufacturing facilities heavily depend on cutting-edge technologies and innovations to produce high-quality products efficiently and cost-effectively. In the current competitive landscape, where there is a shortage of human resources, the adoption of more sophisticated software & hardware is imperative for staying competitive. Automated Guided Vehicle (AGV) technology presents manufacturers with significant and quantifiable advantages, such as reduced operational costs and enhanced material throughput.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 12.5%
Country Covered The US, Canada, Mexico
Key Companies Profiled Toyota Material Handling, Inc., Jungheinrich AG, Konecranes Plc, John Bean Technologies Corporation, Daifuku Co., Ltd., Bastian Solutions, LLC, Hyster-Yale Group, Inc., Murata Machinery, Ltd., KUKA AG, Crown Equipment Corporation, Oceaneering International, Kion Group Ag, Others
Unit Denominations USD Million/Billion

 

However, the potential of AGVs goes beyond these benefits, especially when optimizing the initial stages of material handling automation, leading to increased warehouse profitability and heightened customer satisfaction. Major players in the logistics sector, including XPO, UPS, and DHL, which have extensively embraced automation in their fulfillment centers, are experiencing higher revenues compared to companies relying on conventional practices. Moreover, the prevailing market trend indicates a notable shift among both large & small enterprises towards solutions involving AGVs.  The ongoing advancements in vehicle design and breakthroughs in AI technology contribute to the evolution of AGV solutions, expanding their capabilities. Hence, the rapid growth of the e-commerce sector and transformative changes in the automotive industry serve as significant driving factors for the increased adoption of AGVs.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. North America Automated Guided Vehicle (AGV) Market Trends & Developments
  5. North America Automated Guided Vehicle (AGV) Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. North America Automated Guided Vehicle (AGV) Market Hotspot & Opportunities
  7. North America Automated Guided Vehicle (AGV) Market Supply Chain Analysis
  8. North America Automated Guided Vehicle (AGV) Market Regulations, Policies & Standards
  9. North America Automated Guided Vehicle (AGV) Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Forklift Trucks- Market Size & Forecast 2019-2030F, USD Million
        2. Tow Vehicles - Market Size & Forecast 2019-2030F, USD Million
        3. Unit Load Carriers- Market Size & Forecast 2019-2030F, USD Million
        4. Assembly Line Vehicles- Market Size & Forecast 2019-2030F, USD Million
        5. Others (Pallet Trucks, Autonomous Mobile Robots, etc.)- Market Size & Forecast 2019-2030F, USD Million
      2. By Navigation Technology
        1. Laser Target Navigation- Market Size & Forecast 2019-2030F, USD Million
        2. Magnetic Guide Tape- Market Size & Forecast 2019-2030F, USD Million
        3. Wired Navigation- Market Size & Forecast 2019-2030F, USD Million
        4. Vision Guidance- Market Size & Forecast 2019-2030F, USD Million
        5. Inertial (gyroscopic) Navigation- Market Size & Forecast 2019-2030F, USD Million
        6. Others (Geoguidance, LiDAR, etc.)- Market Size & Forecast 2019-2030F, USD Million
      3. By Application
        1. Logistics & Warehousing- Market Size & Forecast 2019-2030F, USD Million
        2. Assembly- Market Size & Forecast 2019-2030F, USD Million
        3. Packaging- Market Size & Forecast 2019-2030F, USD Million
        4. Others (Trailer loading & unloading, Raw material handling, etc.)- Market Size & Forecast 2019-2030F, USD Million
      4. By End User
        1. Aerospace & Defense- Market Size & Forecast 2019-2030F, USD Million
        2. Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
        3. Electronics & Semiconductors- Market Size & Forecast 2019-2030F, USD Million
        4. Retail- Market Size & Forecast 2019-2030F, USD Million
        5. Automotive- Market Size & Forecast 2019-2030F, USD Million
        6. Others (Healthcare, Chemical, etc.)- Market Size & Forecast 2019-2030F, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
      6. By Company
        1. Competition Characteristics
        2. Revenue Share
  10. The US Automated Guided Vehicle (AGV) Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Navigation Technology- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By End User- Market Size & Forecast 2019-2030F, USD Million
  11. Canada Automated Guided Vehicle (AGV) Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Navigation Technology- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By End User- Market Size & Forecast 2019-2030F, USD Million
  12. Mexico Automated Guided Vehicle (AGV) Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Navigation Technology- Market Size & Forecast 2019-2030F, USD Million
      3. By Application- Market Size & Forecast 2019-2030F, USD Million
      4. By End User- Market Size & Forecast 2019-2030F, USD Million
  13. North America Automated Guided Vehicle (AGV) Market Key Strategic Imperatives for Success & Growth
  14. Competition Outlook
    1. Company Profiles
      1. Toyota Material Handling, Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Jungheinrich AG
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Konecranes Plc
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. John Bean Technologies Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Daifuku Co., Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Bastian Solutions, LLC
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Hyster-Yale Group, Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Murata Machinery, Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. KUKA AG
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Crown Equipment Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Oceaneering International
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Kion Group Ag
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Others
  15. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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