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The North America automated guided vehicle market reached a value of about USD 1.31 billion in 2023 and expected to grow at a CAGR of 11.8% in the forecast period of 2024-2032 to reach a value of approximately USD 3.63 billion by 2032.
The progress in sensor technology, machine learning, and robotics has resulted in the creation of advanced and adaptable automated guided vehicles. These automated guided vehicles are now capable of efficiently manoeuvring through intricate surroundings and executing a broader spectrum of tasks. One of the key areas of progress is sensor technology. Automated guided vehicles are now equipped with a wide range of sensors, including cameras, lidar, ultrasonic sensors, and infrared sensors. These sensors provide automated guided vehicles with the ability to perceive their surroundings in great detail, allowing them to navigate through complex and intricate environments with ease.
As per the North America automated guided vehicle market analysis, laser guidance is expected to lead the market demand. This is because laser navigation technology is easy to install and provides accurate positioning guidance to the vehicle. It also doesn’t require high maintenance costs and has a swift speed of gauging the facilities and equipment in the surrounding environment.
The magnetic navigation technology is also expected to gain widespread popularity as it is easy to modify and its installation does not hamper the productivity of the facility. It provides highly accurate travel routes to vehicles and is relatively inexpensive as well.
The automotive sector is expected to account for a significant North America automated guided vehicle market share. This is because the stamping, welding, painting, and assembling of automobiles require intelligent logistical and transportation capabilities which can be met by automated guided vehicles. Moreover, the automotive sector operates with a high degree of standardisation to ensure consistency in volume and quality of work, which necessitates the demand for automated guided vehicles.
North America Automated Guided Vehicle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Navigation Technology
Market Breakup by End Use
Market Breakup by Country
The market players are focusing on technological improvements, incorporating AI and IoT into automated guided vehicles.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Navigation Technology |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automated Guided Vehicle Market Overview
8.1 Key Industry Highlights
8.2 Global Automated Guided Vehicle Historical Market (2018-2023)
8.3 Global Automated Guided Vehicle Market Forecast (2024-2032)
8.4 Global Automated Guided Vehicle Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Automated Guided Vehicle Market Overview
9.1 Key Industry Highlights
9.2 North America Automated Guided Vehicle Historical Market (2018-2023)
9.3 North America Automated Guided Vehicle Market Forecast (2024-2032)
10 North America Automated Guided Vehicle Market by Product
10.1 Automated Forklift
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Tow Vehicles
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Unit Load Carrier
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Assembly Line Vehicles
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Pallet Truck
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Automated Guided Vehicle Market by Navigation Technology
11.1 Laser Guidance
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Magnetic Guidance
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Vision Guidance
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Inductive Guidance
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Automated Guided Vehicle Market by End Use
12.1 Retail
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Automotive
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Food and Beverages
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Electrical and Electronics
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 General Manufacturing
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Pharmaceutical
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 North America Automated Guided Vehicle Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Price
14.4 Key Indicators for Demand
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Toyota Industries Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 John Bean Technologies
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Murata Machinery Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Seegrid Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Swisslog Holding AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Daifuku Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Scott Technology Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Schaefer Systems International, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hyster-Yale Group, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Oceaneering International, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automated Guided Vehicle Market: Key Industry Highlights, 2018 and 2032
2. North America Automated Guided Vehicle Market: Key Industry Highlights, 2018 and 2032
3. North America Automated Guided Vehicle Historical Market: Breakup by Product (USD Billion), 2018-2023
4. North America Automated Guided Vehicle Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. North America Automated Guided Vehicle Historical Market: Breakup by Navigation Technology (USD Billion), 2018-2023
6. North America Automated Guided Vehicle Market Forecast: Breakup by Navigation Technology (USD Billion), 2024-2032
7. North America Automated Guided Vehicle Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. North America Automated Guided Vehicle Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. North America Automated Guided Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Automated Guided Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Automated Guided Vehicle Market Structure
The market is estimated to grow at a CAGR of 11.8% between 2024 and 2032
The market is being driven by the growing scale of manufacturing facilities across North America, innovations in industrial machinery, and rising labour costs for material handling and storage.
The key trends aiding the market expansion include the rise of predictive maintenance models for machines, innovations in battery charging technology, and measures taken for occupational safety.
The major types of products include automated forklift, tow vehicles, unit load carrier, assembly line vehicles, and pallet truck, among others.
The major types of navigation technology include laser guidance, magnetic guidance, vision guidance, and inductive guidance, among others.
The major players in the market are Toyota Industries Corporation, John Bean Technologies, Murata Machinery Ltd., Seegrid Corporation, Swisslog Holding AG, Daifuku Co., Ltd., Scott Technology Ltd., Schaefer Systems International, Inc., Hyster-Yale Group, Inc., and Oceaneering International, Inc., among others.
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