North America Automated Guided Vehicle (AGV) Market Research Report: With a CAGR of 12.5% – MarkNtel Advisors

Market Overview: North America Automated Guided Vehicle (AGV) Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on North America Automated Guided Vehicle (AGV) Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

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

The North America Automated Guided Vehicle (AGV) Market is estimated to grow at a CAGR of around 12.5% during the forecast period 2024-30.

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Driving Innovation: Exploring the North America Automated Guided Vehicle (AGV) Market and its Key Drivers

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.

Top Players in the 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

North America Automated Guided Vehicle (AGV) Industry 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.

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Segmentation Analysis of North America Automated Guided Vehicle (AGV) Market

North America Automated Guided Vehicle (AGV) Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Type

-Forklift Trucks

-Tow Vehicles

-Unit Load Carriers

-Assembly Line Vehicles

-Others (Pallet Trucks, Autonomous Mobile Robots, etc.)

• Tow Vehicles segment captures the potential share of the North America Automated Guided Vehicle (AGV) Market.

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.)

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A Comprehensive Geographical Analysis:

By Country

-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.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. 

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