North America Automated Guided Vehicle (AGV) Market Overview:

According to MarkNtel Advisors study 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.

Key Findings of the Study: North America Automated Guided Vehicle (AGV) market

North America Automated Guided Vehicle (AGV) Market Opportunity:

Small & Medium-sized Enterprises (SMEs) Fueling Growth Through Increased Focus on Industrial Automation –  The rising emphasis on industrial automation among small- & medium-sized enterprises (SMEs) in North America serves as a notable opportunity for the Automated Guided Vehicle (AGV) Market. SMEs, constrained by budget limitations, are increasingly turning to AGV technology for cost-efficient and scalable solutions in material handling and logistics. AGVs offer flexibility, enhanced productivity, and improved safety, aligning well with the needs of growing businesses. Additionally, government support and a growing awareness of AGV advantages contribute to a conducive environment for market growth in the North American region.

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Scope of the North America Automated Guided Vehicle (AGV) Market Report Segmentation

-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

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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. Key industries like retail, automotive, food and beverage, and pharmaceuticals are significant contributors to the demand for Automated Guided Vehicles (AGVs), with the food & beverage sector alone representing a major share of annual US packaging shipments.  Strict adherence to food safety regulations and a preference for reduced human intervention in production processes are expected to fuel AGV demand in this industry. Job polarization, characterized by a decline in middle-skill occupations and a rise in high- & low-skill roles, is accelerating automation adoption. Hence, enterprises, faced with low warehouse vacancies and rising rental expenses, are turning to smaller spaces and investing in automated optimization solutions, thus influencing the US Automated Guided Vehicle (AGV) Market share.

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.

Current Landscape of North America Automated Guided Vehicle (AGV) Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the North America Automated Guided Vehicle (AGV) market. The research report profiles major players, including

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  • 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

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