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. According to MarkNtel Advisors Study.
North America Automated Guided Vehicle (AGV) Market Driver:
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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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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North America Automated Guided Vehicle (AGV) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- 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
- 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
- By Country
- The US
- Canada
- Mexico
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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 looking forward to strengthening their market positions.
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