MarkNtel Advisors recently published a detailed industry analysis of the North America Automated Guided Vehicle (AGV) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
North America Automated Guided Vehicle (AGV) Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
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.
What are the major Driver the North America Automated Guided Vehicle (AGV) industry?
Rising Product Demand in E-commerce Industry to Boost Market Growth – The global surge in the e-commerce sector has led to the widespread adoption of automated material handling processes. Major players in the e-commerce industry, including Alibaba, Walmart, Amazon, and Flipkart, have actively embraced automated material handling solutions to streamline operations, reduce costs, and expand their inventory capacities. For instance:
- In 2023, Jungheinrich and Mitsubishi Logisnext America announced to introduce Rocrich AGV Solutions, an upcoming joint venture that expands upon their existing collaboration. This partnership aims to deliver established mobile automation solutions tailored for warehouses and production facilities across North America.
The launch signifies a strategic move to enhance their combined capabilities in providing innovative material handling and automation solutions in the region. In response to the intensifying competition in the e-commerce landscape, industry players are prioritizing the acceleration of product delivery times, prompting a significant uptake of Automated Guided Vehicles (AGVs). AGV deployment in e-commerce warehouses is playing a pivotal role in automating intralogistics tasks such as picking, sorting, and palletizing, contributing to enhanced operational efficiency and a more reliable storage process, thus driving the North America Automated Guided Vehicle (AGV) Market growth.
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What segments define the North America Automated Guided Vehicle (AGV) Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Type
- Forklift Trucks- Market Size & Forecast 2019-2030F, USD Million
- Tow Vehicles – Market Size & Forecast 2019-2030F, USD Million
- Unit Load Carriers- Market Size & Forecast 2019-2030F, USD Million
- Assembly Line Vehicles- Market Size & Forecast 2019-2030F, USD Million
- Others (Pallet Trucks, Autonomous Mobile Robots, etc.)- Market Size & Forecast 2019-2030F, USD Million
According to report, Tow Vehicles segment captures the potential share of the North America Automated Guided Vehicle (AGV) Market.
- By Navigation Technology
- Laser Target Navigation- Market Size & Forecast 2019-2030F, USD Million
- Magnetic Guide Tape- Market Size & Forecast 2019-2030F, USD Million
- Wired Navigation- Market Size & Forecast 2019-2030F, USD Million
- Vision Guidance- Market Size & Forecast 2019-2030F, USD Million
- Inertial (gyroscopic) Navigation- Market Size & Forecast 2019-2030F, USD Million
- Others (Geoguidance, LiDAR, etc.)- Market Size & Forecast 2019-2030F, USD Million
- By Application
- Logistics & Warehousing- Market Size & Forecast 2019-2030F, USD Million
- Assembly- Market Size & Forecast 2019-2030F, USD Million
- Packaging- Market Size & Forecast 2019-2030F, USD Million
- Others (Trailer loading & unloading, Raw material handling, etc.)- Market Size & Forecast 2019-2030F, USD Million
According to report, The North America Automated Guided Vehicle (AGV) Market was predominantly led by the Logistics & Warehousing segment commanding a substantial share in the market.
- By End User
- Aerospace & Defense- Market Size & Forecast 2019-2030F, USD Million
- Food & Beverages- Market Size & Forecast 2019-2030F, USD Million
- Electronics & Semiconductors- Market Size & Forecast 2019-2030F, USD Million
- Retail- Market Size & Forecast 2019-2030F, USD Million
- Automotive- Market Size & Forecast 2019-2030F, USD Million
- Others (Healthcare, Chemical, etc.)- Market Size & Forecast 2019-2030F, USD Million
Explore the Complete North America Automated Guided Vehicle (AGV) Market Analysis Report – https://www.marknteladvisors.com/research-library/north-america-automated-guided-vehicle-market.html
Geographical Analysis: North America Automated Guided Vehicle (AGV) Market
- By Country
- The US
- Canada
- Mexico
North America Automated Guided Vehicle (AGV) Market Share & Competitive Landscape:
The North America Automated Guided Vehicle (AGV) Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the North America Automated Guided Vehicle (AGV) Market are:
- 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
North America Automated Guided Vehicle (AGV) Market Recent Development:
2023: Oceaneering International Inc. announced new supervisory software for its autonomous mobile robot fleet, enabling coordinated logistic flows and management of both robots and peripheral devices.
2023: The KION Group has introduced its proprietary fuel cell systems designed for industrial trucks, marking a significant development for the global intralogistics company. Specifically engineered for warehouse trucks, the newly developed 24-volt system can be produced at a capacity of up to 5,000 units annually on the recently established production line at the Hamburg plant.
Questions Addressed in this Study
1.What factors are driving the North America Automated Guided Vehicle (AGV) Market growth?
2.How is the North America Automated Guided Vehicle (AGV) Market expected to grow over the next five years?
3.What are the key insights into the current trends in the North America Automated Guided Vehicle (AGV) Market ?
4.What is the current size of the North America Automated Guided Vehicle (AGV) Market, and how is it projected to change in the future?
6.What is the future outlook for the North America Automated Guided Vehicle (AGV) Market in terms of technological advancements and market expansion?
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