
North America Automated Guided Vehicle Market
No. of Pages: 167 | Report Code: TIPRE00027767 | Category: Electronics and Semiconductor
No. of Pages: 167 | Report Code: TIPRE00027767 | Category: Electronics and Semiconductor
The growing e-commerce sector worldwide has surged the adoption of the automated material handling process. E-commerce companies such as Alibaba, Walmart, Amazon, and Flipkart are increasing their focus on automated material handling to reduce operational costs and increase inventory size. In 2023, the successful launch of Rocrich AGV systems was announced by German intralogistics pioneer Jungheinrich and Mitsubishi Logisnext Americas, a major North American provider and manufacturer of material handling, automation, and fleet systems.
The players operating in the e-commerce industry are upgrading, and industry executives are trying to stand out by lowering the time taken to deliver products to end users. The adoption of AGVs in the e-commerce industry is increasing extensively as industry executives try to roll out a reliable storage process and improve efficiency. Further, the deployment of AGVs in warehouses is helping e-commerce companies automate the intralogistics tasks, such as picking, sorting, and palletizing, thereby increasing efficiency.
The North American automated guided vehicles market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest automated guided vehicles market share during the forecast period. The adoption of AGVs in North America has been experiencing rapid growth across the manufacturing, warehousing, automotive, pharmaceuticals, and e-commerce industries. As businesses aim to improve efficiency and reduce operational costs, AGVs have become an attractive solution to overcome these issues. The surge in e-commerce activities in North America is a key factor boosting the demand for AGVs.
Strategic insights for the North America Automated Guided Vehicle provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Automated Guided Vehicle refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Automated Guided Vehicle Strategic Insights
North America Automated Guided Vehicle Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,161.16 Million
Market Size by 2030
US$ 2,976.90 Million
Global CAGR (2022 - 2030)
12.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Technology
By Vehicle Type
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Automated Guided Vehicle Regional Insights
North America Automated Guided Vehicle Market Segmentation
The North America automated guided vehicle market is segmented based on technology, vehicle type, end user, and country. Based on technology, the North America automated guided vehicle market is segmented into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held the largest market share in 2022.
Based on vehicle type, the North America automated guided vehicle market is segmented into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held the largest market share in 2022.
Based on end user, the North America automated guided vehicle market is segmented into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held the largest market share in 2022.
Based on country, the North America automated guided vehicle market is segmented into the US, Canada, and Mexico. The US dominated the North America automated guided vehicle market share in 2022.
Bastian Solutions LLC; Daifuku Co Ltd; Dematic Corp; Hyster-Yale Group Inc; John Bean Technologies Corp; Jungheinrich AG; Kion Group AG; Konecranes Plc; Murata Machinery Ltd; and Toyota Material Handling Inc are some of the leading players operating in the North America automated guided vehicle market.
The North America Automated Guided Vehicle Market is valued at US$ 1,161.16 Million in 2022, it is projected to reach US$ 2,976.90 Million by 2030.
As per our report North America Automated Guided Vehicle Market, the market size is valued at US$ 1,161.16 Million in 2022, projecting it to reach US$ 2,976.90 Million by 2030. This translates to a CAGR of approximately 12.5% during the forecast period.
The North America Automated Guided Vehicle Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automated Guided Vehicle Market report:
The North America Automated Guided Vehicle Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automated Guided Vehicle Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automated Guided Vehicle Market value chain can benefit from the information contained in a comprehensive market report.