North America Automated Guided Vehicle Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation, and Others), Vehicle Type (Pallet Trucks, Unit Load Carriers, Driverless Trains, Forklift Trucks, and Others), and End User (General Manufacturing, Food and Beverage, Aerospace, Retail, Healthcare, Logistics, Automotive, and Others)


No. of Pages: 167    |    Report Code: TIPRE00027767    |    Category: Electronics and Semiconductor

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North America Automated Guided Vehicle Market
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The North America automated guided vehicle market was valued at US$ 1,161.16 million in 2022 and is expected to reach US$ 2,976.90 million by 2030; it is estimated to grow at a CAGR of 12.5% from 2022 to 2030.

Huge Growth in E-Commerce Sector fuel the North America Automated Guided Vehicle Market

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.

North America Automated Guided Vehicle Market Overview

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. 

North America Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)

North America Automated Guided Vehicle Market Revenue and Forecast to 2030 (US$ Million)
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North America Automated Guided Vehicle Strategic Insights

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.

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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
  • Wired Navigation
  • Guide Tape Navigation
  • Laser Target Navigation
  • Magnetic Navigation
By Vehicle Type
  • Pallet Trucks
  • Unit Load Carriers
  • Driverless Trains
  • Forklift Trucks
By End User
  • General Manufacturing
  • Food and Beverage
  • Aerospace
  • Retail
  • Healthcare
  • Logistics
  • Automotive
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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
  • Toyota Material Handling Inc
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    North America Automated Guided Vehicle Regional Insights

    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.

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    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 List of Companies - North America Automated Guided Vehicle Market

    1. Bastian Solutions LLC
    2. Daifuku Co Ltd
    3. Dematic Corp
    4. Hyster-Yale Group Inc
    5. John Bean Technologies Corp
    6. Jungheinrich AG
    7. Kion Group AG
    8. Konecranes Plc
    9. Murata Machinery Ltd
    10. Toyota Material Handling Inc
    Frequently Asked Questions
    How big is 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.

    What is the CAGR for North America Automated Guided Vehicle Market by (2022 - 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.

    What segments are covered in this report?

    The North America Automated Guided Vehicle Market report typically cover these key segments-

    • Technology (Wired Navigation, Guide Tape Navigation, Laser Target Navigation, Magnetic Navigation)
    • Vehicle Type (Pallet Trucks, Unit Load Carriers, Driverless Trains, Forklift Trucks)
    • End User (General Manufacturing, Food and Beverage, Aerospace, Retail, Healthcare, Logistics, Automotive)

    What is the historic period, base year, and forecast period taken for North America Automated Guided Vehicle Market?

    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:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in North America Automated Guided Vehicle Market?

    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:

  • 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
  • Toyota Material Handling Inc
  • Who should buy this report?

    The North America Automated Guided Vehicle Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    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.