The North America Automated Guided Vehicle (AGV) Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of North America Automated Guided Vehicle (AGV) market 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.
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Who are the top companies operating in the North America Automated Guided Vehicle (AGV) market?
The report features prominent companies operating in the North America Automated Guided Vehicle (AGV) market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in North America Automated Guided Vehicle (AGV) market: 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.
What is the key factor projected to fuel growth in the North America Automated Guided Vehicle (AGV) Market between 2024 and 2030?
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.
North America Automated Guided Vehicle (AGV) Market - Segmentation Analysis
- By Type (Forklift Trucks, Tow Vehicles, Unit Load Carriers, Assembly Line Vehicles, Others (Pallet Trucks, Autonomous Mobile 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
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How does the North America Automated Guided Vehicle (AGV) Market vary across different geography?
By Region
- The US
- Canada
- Mexico
The United States is a major & highly developed country across the North America Automated Guided Vehicle (AGV) Market for automated solutions, driven by a robust economy, substantial port traffic, and a flourishing e-commerce sector.
This Section cover detailed analysis of revenue, market share and growth rate, historical data (2019-22) and forecast (2024-2030) of the following segmentation and geography.
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Comprehensive Table of Contents – North America Automated Guided Vehicle (AGV) Market Analysis and Forecast, 2030
- Table 1: Introduction
- Table 2: Executive Summary
- Table 3: Market Regulations, Policies & Standards
- Table 4: North America Automated Guided Vehicle (AGV) Market Size, Share & Scope, 2020-2030F
- Table 5: Market Trends & Developments
- Table 6: Market Dynamics (Key Drivers, and Challenges)
- Table 7: Market Hotspots & Opportunities
- Table 8: Market Value Chain Analysis
- Table 9: Market Outlook, 2020-2030F
- Table 10: Market Size & Analysis by Revenues (USD Million):
- Table 11: Market Size & Forecast 2020–2030 by Segmentation
- Table 12: Market Size & Forecast 2020–2030 by Geography
- Table 13: Key Strategic Imperatives for Success & Growth
- Table 14: Competitor Analysis of North America Automated Guided Vehicle (AGV) Companies
Key Benefits for Industry Participants and Stakeholders
- Insight into emerging market trends and investment opportunities
- Understanding of regional market dynamics and competitive landscapes
- Data-driven forecasts to support strategic decision-making
- Access to industry benchmarks for performance evaluation
- Identification of potential risks and growth challenges
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