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North America Automated Guided Vehicles (AGVs) Market Synopsis:

North America Automated Guided Vehicles (AVGs) Market Size Was Valued at USD 1.36 Billion in 2023, and is Projected to Reach USD 3.90 Billion by 2032, Growing at a CAGR of 12.42% From 2024-2032.

Automated Guided Vehicle (AGV) systems assist in the movement and transportation of goods within production plants, storage facilities, and distribution hubs without requiring a fixed transport system or manual support. Utilize customizable guiding paths to enhance warehousing, picking, and transportation within the AGV setting, as it offers numerous benefits such as lower labor expenses, decreased product damage, improved productivity, and the ability to scale for automation support.

These impressive advantages motivate transportation and logistics firms to adopt Automated Guided Vehicles in North America to enhance their operational efficiency. In North America, Automated guided vehicle systems enhance efficiency and lower expenses by facilitating the automation of a manufacturing or storage facility. The initial Automated Guided Vehicle was created by Barrett Electronics in 1953. The Automated Guided Vehicle is capable of towing items on trailers that it can couple to on its own. It may be utilized to transport raw materials or completed products.

The North America Automated Guided Vehicle is capable of storing items on a platform. Objects can be positioned on a series of motorized rollers (conveyor belts) and subsequently moved by flipping them. Automated Guided Vehicles are utilized across nearly all sectors, such as pulp, paper, metal, newspaper, and general manufacturing. The incorporation of Automated Guided Vehicles is being implemented in strategies such as Just in Time and KANBAN to enhance the performance and efficiency of the organization. The widespread application across different business sectors is driving the North America Automated Guided Vehicle Industry.

North America Automated Guided Vehicles (AGVs) Market Trend Analysis:

Rising Integration of AGVs in Retail and E-commerce

  • The overall requirement for high efficiency across the automotive, healthcare, e-commerce, and food and beverage sectors amplifies the demand for automation. Chances for human mistakes, enhancing safety, guaranteeing elevated production rates, and boosting accuracy and consistency. Utilizing AGV facilitates the prompt delivery of raw materials in Just in Time (JIT), the automated management of received assembled components, and the monitoring of shipped products. AGVs assist in the storage, distribution, and transportation of materials without human involvement, minimizing the risk of worker injuries and product damage, while also enhancing accuracy.
  • In North America, AGVs lower labor expenses in warehouses over the long term in various ways. For instance, if an AGV takes the place of a human employee, a business incurs an initial expenditure on machinery, which is an investment compared to numerous ongoing labor costs. Implementing AGV allows businesses across various sectors to embrace innovative technologies that can provide instant benefits and sustained returns. This trend is creating a demand for information-driven systems, like North America AGVs, that assist industries in managing plant assets and improving operational decision-making.

Integration of Digital Automation in Industrial Processes

  • Numerous sectors are transitioning to digital integration and automation within the industrial process to enhance efficiency and lower overhead expenses. Industry 4.0 is an emerging concept as the industrial revolution drives manufacturing, warehousing, and logistics to incorporate automation into everyday operations. Given that connected machines with algorithms collect a vast amount of data that can assist in maintenance, performance, and other matters, they also analyze this data to identify patterns and insights that a human cannot grasp in such a brief period. In North America, Industry 4.0 offers manufacturing firms the chance to improve their processes swiftly and effectively by understanding the critical focal point of their operations through data collected from sensors and machines.

North America Automated Guided Vehicles (AGVs) Market Segment Analysis:

North America Automated Guided Vehicles (AGVs) Market is segmented on the basis of type, navigation technology, application, and country.

By Type, Unit Load Carrier segment is expected to dominate the market during the forecast period

  • Unit load AGVs are utilized for moving pallets, large crates, and roll handling. It enables efficient task scheduling by minimizing corridor congestion and preventing product damage. In North America, the automated unit load carriers are used instead of fork trucks that require a worker to manage. These AGVs are ideal for extended distances, repetitive tasks, and hazardous environments. These automated robots and vehicles lessen human labour in hazardous environments and ensure the safety of workers in those areas. Real-time monitoring and product delivery represent the extra advantages of automated guided unit load carriers, rendering them efficient for transporting heavy items. These automated guided vehicles are utilized in multiple ports, aircraft hangars, logistics, and warehouse locations, driving the expansion of the North America Automated Guided Vehicle Industry.

By Navigation Technology, Light Commercial Vehicle segment held the largest share in 2023

  • The demand for smart and effective routing is driving the growing endorsement of automated vehicles in North America. Improvements in computer vision and associated software are allowing AGVs to more effectively assess their surroundings in real time, heightening the necessity for AGVs to navigate through tight spaces while transporting essential components. The vision system in autonomous transport vehicles, enhanced by LiDAR sensors and computer technology, aids in guaranteeing accurate navigation within manufacturing plants and storage areas.
  • The cameras fitted in these vehicles help gather data and identify obstacles, they can also aid in assessing the infrastructure in real-time. The data from the LiDAR sensors and cameras can be utilized to create a 3D image of the application site. Introduced laser-guided automated guided vehicles generate excitement in the market and drive demand from the camera industry.

Country Analysis of North America Automated Guided Vehicles (AGVs) Market:

The United States is Expected to Dominate the Market Over the Forecast period

  • The United States leads the North American automated guided vehicle industry. The robust economy of the country, impressive port activity, and rising e-commerce operations have generated considerable growth prospects for automated material handling systems within the logistics industry. The retail, automotive, food and beverage, and pharmaceutical industries are the biggest drivers of demand for AGVs in the nation. The current trend of job polarization, marked by the reduction of middle-skill roles such as those in manufacturing and production, is promoting the use of industrial automation for numerous repetitive, manual, and low-skill activities.
  • Companies are progressively seeking smaller warehouse areas because of limited vacancies and rising rental costs, resulting in an increased implementation of warehouse automation technologies to enhance efficiency within these restricted spaces. The nation’s sophisticated infrastructure, along with a significant emphasis on technological advancements and Industry 4.0 efforts, keeps propelling the integration of AGVs in numerous sectors.

North America Automated Guided Vehicles (AGVs) Market Active Key Players:

  • JBT Corporation (USA)
  • Omron Adept Technologies Inc (USA)
  • Transbotics Corporation (USA)
  • Oceaneering International Inc (USA)
  • Seegrid Corporation (USA)
  • Bastian Solutions Inc. (USA)
  • Kollmorgen (USA)
  • Kuka AG (Germany)
  • Daifuku Co. Ltd (Japan)
  • Kion Group AG (Germany)
  • Murata Machinery (Japan)
  • Toyota Industries Corporation (Japan), and Other Active Players.

Key Industry Developments in the North America Automated Guided Vehicles (AGVs) Market:

  • In June 2023, Kivnon partnered with TAP to expand the distribution of its automated guided vehicles (AGVs) and autonomous mobile robots (AMRs). This collaboration leveraged TAP's extensive reach and expertise in automation, enabling Kivnon to bring its cutting-edge autonomous solutions to a wider audience and accelerate Industry 4.0 adoption.
  • In May 2023, ResGreen Group International, Inc. introduced BigBuddy, a robust Automated Guided Vehicle (AGV) capable of carrying up to 5,000 pounds using magnetic tape. Designed for harsh industrial environments and busy warehouses, BigBuddy offered bidirectional movement, heavy-load handling, and a flexible design, ensuring agility and efficiency in demanding operational settings.

North America Automated Guided Vehicles (AGVs) Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.36 Bn.

Forecast Period 2024-32 CAGR:

12.42%

Market Size in 2032:

USD 3.90 Bn.

Segments Covered:

By Type

  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Others

By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Others

By Application

  • Logistics & warehousing
  • Assembly
  • Packaging
  • Raw material handling
  • Others

By Country

  • U.S., Canada, Mexico

Key Market Drivers:

  • Rising Integration of AGVs in Retail and E-commerce

Key Market Restraints:

  • High cost of installation and maintenance due to technologically advanced systems

Key Opportunities:

  • Integration of Digital Automation in Industrial Processes

Companies Covered in the report:

  • JBT Corporation (USA), Omron Adept Technologies Inc (USA), Transbotics Corporation (USA), Oceaneering International Inc (USA), Seegrid Corporation (USA), Bastian Solutions Inc. (USA), Kollmorgen (USA), Kuka AG (Germany), Daifuku Co. Ltd (Japan), Kion Group AG (Germany), Murata Machinery (Japan), Toyota Industries Corporation (Japan), and Other Active Players.


Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Industry Dynamics and Opportunity Analysis
  3.1.1 Growth Drivers
  3.1.2 Limiting Factors
  3.1.3 Growth Opportunities
  3.1.4 Challenges and Risks
 3.2 Market Trend Analysis
 3.3 Strategic Pestle Overview
 3.4 Porter's Five Forces Framework
 3.5 Industry Value Chain Mapping
 3.6 Regulatory Framework
 3.7 Pricing Trend Analysis
 3.8 Patent Analysis
 3.9 Technology Evolution
 3.10 Investment Pockets
 3.11 Import-Export Analysis

Chapter 4: North America Automated Guided Vehicles (AGVs) Market by Type
 4.1 North America Automated Guided Vehicles (AGVs) Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 Tow Vehicles
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Tow Vehicles: Geographic Segmentation Analysis
 4.4 Unit Load Carriers
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Unit Load Carriers: Geographic Segmentation Analysis
 4.5 Pallet Trucks
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Pallet Trucks: Geographic Segmentation Analysis
 4.6 Assembly Line Vehicles
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Assembly Line Vehicles: Geographic Segmentation Analysis
 4.7 Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Others: Geographic Segmentation Analysis

Chapter 5: North America Automated Guided Vehicles (AGVs) Market by Navigation Technology
 5.1 North America Automated Guided Vehicles (AGVs) Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 Laser Guidance
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Laser Guidance: Geographic Segmentation Analysis
 5.4 Magnetic Guidance
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Magnetic Guidance: Geographic Segmentation Analysis
 5.5 Inductive Guidance
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Inductive Guidance: Geographic Segmentation Analysis
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Geographic Segmentation Analysis

Chapter 6: North America Automated Guided Vehicles (AGVs) Market by Application
 6.1 North America Automated Guided Vehicles (AGVs) Market Snapshot and Growth Engine
 6.2 Market Overview
 6.3 Logistics & Warehousing
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Logistics & Warehousing: Geographic Segmentation Analysis
 6.4 Assembly
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Assembly: Geographic Segmentation Analysis
 6.5 Packaging
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Packaging: Geographic Segmentation Analysis
 6.6 Raw Material Handling
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Raw Material Handling: Geographic Segmentation Analysis
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 North America Automated Guided Vehicles (AGVs) Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 JBT CORPORATION (USA)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Recent News & Development
  7.2.8 SWOT Analysis
 7.3 OMRON ADEPT TECHNOLOGIES INC (USA)
 7.4 TRANSBOTICS CORPORATION (USA)
 7.5 OCEANEERING INTERNATIONAL INC (USA)
 7.6 SEEGRID CORPORATION (USA)
 7.7 BASTIAN SOLUTIONS INC (USA)
 7.8 KOLLMORGEN (USA)
 7.9 KUKA AG (GERMANY)
 7.10 DAIFUKU CO LTD (JAPAN)
 7.11 KION GROUP AG (GERMANY)
 7.12 MURATA MACHINERY (JAPAN)
 7.13 TOYOTA INDUSTRIES CORPORATION (JAPAN)
 7.14 OTHER ACTIVE PLAYERS

Chapter 8:North America Automated Guided Vehicles (AGVs) Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Key Market Trends, Growth Factors and Opportunities
 8.3 Key Players
 8.4 Historic and Forecasted Market Size By Type
  8.4.1 Tow Vehicles
  8.4.2 Unit Load Carriers
  8.4.3 Pallet Trucks
  8.4.4 Assembly Line Vehicles
  8.4.5 Others
 8.5 Historic and Forecasted Market Size By Navigation Technology
  8.5.1 Laser Guidance
  8.5.2 Magnetic Guidance
  8.5.3 Inductive Guidance
  8.5.4 Others
 8.6 Historic and Forecasted Market Size By Application
  8.6.1 Logistics & Warehousing
  8.6.2 Assembly
  8.6.3 Packaging
  8.6.4 Raw Material Handling
  8.6.5 Others
 8.7 Historic and Forecast Market Size by Country
  8.7.1 U.S.
  8.7.2 Canada
  8.7.3 Mexico

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Conclusion

Chapter 10 Our Thematic Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

North America Automated Guided Vehicles (AGVs) Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.36 Bn.

Forecast Period 2024-32 CAGR:

12.42%

Market Size in 2032:

USD 3.90 Bn.

Segments Covered:

By Type

  • Tow Vehicles
  • Unit Load Carriers
  • Pallet Trucks
  • Assembly Line Vehicles
  • Others

By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Others

By Application

  • Logistics & warehousing
  • Assembly
  • Packaging
  • Raw material handling
  • Others

By Country

  • U.S., Canada, Mexico

Key Market Drivers:

  • Rising Integration of AGVs in Retail and E-commerce

Key Market Restraints:

  • High cost of installation and maintenance due to technologically advanced systems

Key Opportunities:

  • Integration of Digital Automation in Industrial Processes

Companies Covered in the report:

  • JBT Corporation (USA), Omron Adept Technologies Inc (USA), Transbotics Corporation (USA), Oceaneering International Inc (USA), Seegrid Corporation (USA), Bastian Solutions Inc. (USA), Kollmorgen (USA), Kuka AG (Germany), Daifuku Co. Ltd (Japan), Kion Group AG (Germany), Murata Machinery (Japan), Toyota Industries Corporation (Japan), and Other Active Players.
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Frequently Asked Questions :

What would be the forecast period in the Automated Guided Vehicles (AGVs) Market research report?

The forecast period in the North America Automated Guided Vehicles (AGVs) Market research report is 2024-2032.

Who are the key players in North America Automated Guided Vehicles (AGVs) Market?

JBT Corporation (USA), Omron Adept Technologies Inc (USA), Transbotics Corporation (USA), Oceaneering International Inc (USA), Seegrid Corporation (USA), Bastian Solutions Inc. (USA), Kollmorgen (USA), Kuka AG (Germany), Daifuku Co. Ltd (Japan), Kion Group AG (Germany), Murata Machinery (Japan), Toyota Industries Corporation (Japan), and Other Active Players.

What are the segments of the North America Automated Guided Vehicles (AGVs) Market?

The North America Automated Guided Vehicle (AGVs) Market is segmented into Type, Navigation Technology, Application, and Region. By Type, the market is categorized into Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Others. By Navigation Technology, the market is categorized into Laser Guidance, Magnetic Guidance, Inductive Guidance, and Others. By Application, the market is categorized into Logistics & Warehousing, Assembly, Packaging, Raw Material Handling, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico)

What is the North America Automated Guided Vehicles (AGVs) Market?

Automated Guided Vehicle (AGV) systems assist in the movement and transportation of goods within production plants, storage facilities, and distribution hubs without requiring a fixed transport system or manual support. Utilize customizable guiding paths to enhance warehousing, picking, and transportation within the AGV setting, as it offers numerous benefits such as lower labor expenses, decreased product damage, improved productivity, and the ability to scale for automation support.

How big is the North America Automated Guided Vehicles (AGVs) Market?

North America Automated Guided Vehicles (AVGs) Market Size Was Valued at USD 1.36 Billion in 2023, and is Projected to Reach USD 3.90 Billion by 2032, Growing at a CAGR of 12.42% From 2024-2032.