MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled North America Automated Guided Vehicle (AGV) Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the North America Automated Guided Vehicle (AGV), covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019–22
- Base Year: 2023
- Forecast Years: 2024–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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North America Automated Guided Vehicle (AGV) Market Outlook
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.
North America Automated Guided Vehicle (AGV) Market Drivers:
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.
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North America Automated Guided Vehicle (AGV) Market Trends:
Implementation of Industry 4.0 Technologies in Warehouse Operation Fostering Market Expansion – The deployment of Industry 4.0 technologies in warehouses is poised to significantly boost market growth across various industries. As businesses increasingly recognize the transformative potential of Industry 4.0, characterized by the integration of smart technologies, data analytics, and automation, warehouses are emerging as key focal points for optimization. The adoption of technologies such as the Internet of Things (IoT), robotics, artificial intelligence (AI), and advanced data analytics in warehouse operations enhances overall efficiency, accuracy, and adaptability.
North America Automated Guided Vehicle (AGV) Market Segmentation
The study categorizes the North America Automated Guided Vehicle (AGV) into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
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
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Country
- The US
- Canada
- Mexico.
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Leading Companies in North America Automated Guided Vehicle (AGV) Market Worldwide: Players, Analysis & Future Outlook
- 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
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/north-america-automated-guided-vehicle-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the North America Automated Guided Vehicle (AGV)?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the North America Automated Guided Vehicle (AGV)?
4. Who are the prominent players in the North America Automated Guided Vehicle (AGV)?
5. How is the competition structured in this market?
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About Us
MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.
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