KEY FINDINGS
The North America automated guided vehicle market is projected to record a 7.78% CAGR during the forecast period, 2023-2032. Increasing concerns about skilled labor shortages and the rise in e-commerce and import-export activities drive North America's demand for automated guided vehicles (AGVs).
MARKET INSIGHTS
The North America automated guided vehicle market growth evaluation includes the assessment of Canada and the United States. Canada has comprehensive regulations and incentive structures to stimulate innovation, investment, and skill development within its manufacturing sector. These incentives are particularly beneficial for small and medium-sized enterprises increasingly embracing Industry 4.0, catalyzing innovation and efficiency within the sector. These advancements are fortifying the market for automated guided vehicles (AGVs) in the country.
Moreover, stringent safety standards implemented across various Canadian industries significantly contribute to the growth of the AGV market. These strict regulations are designed to prevent accidents in industrial settings and enhance the safety of the work environment. Consequently, this has accelerated the adoption of AGVs as they reduce human involvement in potentially hazardous areas.
Further contributing to this upward trend is the increasing investment in the automotive sector. This surge in investment is leading to heightened demand for automation within warehouses and facilities. As AGVs are a central component of such automation, their market in Canada is experiencing substantial growth. Thus, the fusion of regulatory incentives, safety measures, and sector-specific investment has synergistically bolstered the market for AGVs in Canada.
COMPETITIVE INSIGHTS
Key players operating include Hyster-Yale Materials Handling Inc, John Bean Technologies Corporation, Mitsubishi Logisnext, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
North America Automated Guided Vehicle Market Forecast 2023-2032
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Methodology
1.3. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
2.3. Scope Of Study
2.4. Crisis Scenario Analysis
2.4.1. Impact Of Covid-19 On Automated Guided Vehicle Market
2.5. Major Market Findings
2.5.1. Growing Warehouse Activities Across Globe
2.5.2. Advancements In Related Technologies
3. Market Dynamics
3.1. Key Drivers
3.1.1. Surging Demand For Automation In Material Handling
3.1.2. Adoption Of Stringent Safety Regulations At Workplaces
3.1.3. Improved Workflow In Production Processes
3.2. Key Restraints
3.2.1. High Setup Costs
3.2.2. Restricted Flexibility
4. Key Analytics
4.1. Parent Market Analysis
4.2. Key Market Trends
4.2.1. Increasing Demand In E-Commerce Fulfilment Centers
4.2.2. Industry 4.0 Promoting Industrial Automation
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Growth Prospect Mapping
4.5. Market Concentration Analysis
4.6. Value Chain Analysis
4.6.1. Raw Materials Suppliers
4.6.2. Oems
4.6.3. Distributors
4.6.4. End-Users
4.7. Key Buying Criteria
4.7.1. Product Features
4.7.2. Type Of Technology
4.7.3. Payload Capacity
5. Market By Application
5.1. Manufacturing
5.1.1. Market Forecast Figure
5.1.2. Segment Analysis
5.2. Warehouse & Distribution
5.2.1. Market Forecast Figure
5.2.2. Segment Analysis
6. Market By Battery Type
6.1. Lead Battery
6.1.1. Market Forecast Figure
6.1.2. Segment Analysis
6.2. Lithium-Ion Battery
6.2.1. Market Forecast Figure
6.2.2. Segment Analysis
6.3. Nickel-Based Battery
6.3.1. Market Forecast Figure
6.3.2. Segment Analysis
7. Market By Vehicle Type
7.1. Tow Vehicles
7.1.1. Market Forecast Figure
7.1.2. Segment Analysis
7.2. Unit Load Carriers
7.2.1. Market Forecast Figure
7.2.2. Segment Analysis
7.3. Automated Forklift
7.3.1. Market Forecast Figure
7.3.2. Segment Analysis
7.4. Pallet Trucks
7.4.1. Market Forecast Figure
7.4.2. Segment Analysis
7.5. Other Vehicle Types
7.5.1. Market Forecast Figure
7.5.2. Segment Analysis
8. Market By Navigation Technology
8.1. Laser Guidance
8.1.1. Market Forecast Figure
8.1.2. Segment Analysis
8.2. Magnetic Guidance
8.2.1. Market Forecast Figure
8.2.2. Segment Analysis
8.3. Vision Guidance
8.3.1. Market Forecast Figure
8.3.2. Segment Analysis
8.4. Inductive Guidance
8.4.1. Market Forecast Figure
8.4.2. Segment Analysis
8.5. Other Navigation Technologies
8.5.1. Market Forecast Figure
8.5.2. Segment Analysis
9. Geographical Analysis
9.1. North America
9.1.1. Key Players
9.1.2. Country Analysis
9.1.2.1. United States
9.1.2.1.1. United States Automated Guided Vehicle Market Size & Opportunities
9.1.2.2. Canada
9.1.2.2.1. Canada Automated Guided Vehicle Market Size & Opportunities
10. Competitive Landscape
10.1. Key Strategic Developments
10.1.1. Acquisitions
10.1.2. Product Launches & Developments
10.1.3. Partnerships & Agreements
10.2. Company Profiles
10.2.1. Balyo
10.2.1.1. Company Overview
10.2.1.2. Product List
10.2.1.3. Strengths & Challenges Analysis
10.2.2. Daifuku Co Ltd
10.2.2.1. Company Overview
10.2.2.2. Product List
10.2.2.3. Strengths & Challenges Analysis
10.2.3. Hyster-Yale Materials Handling Inc
10.2.3.1. Company Overview
10.2.3.2. Product List
10.2.3.3. Strengths & Challenges Analysis
10.2.4. John Bean Technologies Corporation
10.2.4.1. Company Overview
10.2.4.2. Product List
10.2.4.3. Strengths & Challenges Analysis
10.2.5. Kion Ag
10.2.5.1. Company Overview
10.2.5.2. Product List
10.2.5.3. Strengths & Challenges Analysis
10.2.6. Mitsubishi Logisnext Co Ltd
10.2.6.1. Company Overview
10.2.6.2. Product List
10.2.6.3. Strengths & Challenges Analysis
10.2.7. Oceaneering International Inc
10.2.7.1. Company Overview
10.2.7.2. Product List
10.2.7.3. Strengths & Challenges Analysis
10.2.8. Ssi Schaefer Group
10.2.8.1. Company Overview
10.2.8.2. Product List
10.2.8.3. Strengths & Challenges Analysis
10.2.9. Swisslog Holding Ag
10.2.9.1. Company Overview
10.2.9.2. Product List
10.2.9.3. Strengths & Challenges Analysis
10.2.10. Toyota Industries Corporation
10.2.10.1. Company Overview
10.2.10.2. Product List
10.2.10.3. Strengths & Challenges Analysis
10.2.11. Visionnav Robotics
10.2.11.1. Company Overview
10.2.11.2. Product List
List Of Tables
Table 1: Market Snapshot - Automated Guided Vehicle
Table 2: North America Automated Guided Vehicle Market, By Application, Historical Years, 2018-2022 (In $ Million)
Table 3: North America Automated Guided Vehicle Market, By Application, Forecast Years, 2023-2032 (In $ Million)
Table 4: North America Automated Guided Vehicle Market, By Battery Type, Historical Years, 2018-2022 (In $ Million)
Table 5: North America Automated Guided Vehicle Market, By Battery Type, Forecast Years, 2023-2032 (In $ Million)
Table 6: North America Automated Guided Vehicle Market, By Vehicle Type, Historical Years, 2018-2022 (In $ Million)
Table 7: North America Automated Guided Vehicle Market, By Vehicle Type, Forecast Years, 2023-2032 (In $ Million)
Table 8: North America Automated Guided Vehicle Market, By Navigation Type, Historical Years, 2018-2022 (In $ Million)
Table 9: North America Automated Guided Vehicle Market, By Navigation Type, Forecast Years, 2023-2032 (In $ Million)
Table 10: North America Automated Guided Vehicle Market, By Country, Historical Years, 2018-2022 (In $ Million)
Table 11: North America Automated Guided Vehicle Market, By Country, Forecast Years, 2023-2032 (In $ Million)
Table 12: Key Players Operating In North America Automated Guided Vehicle Market
Table 13: List Of Acquisitions
Table 14: List Of Product Launches & Developments
Table 15: List Of Partnerships & Agreements
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Growth Prospect Mapping
Figure 4: Market Concentration Analysis
Figure 5: Value Chain Analysis
Figure 6: Key Buying Criteria
Figure 7: North America Automated Guided Vehicle Market, Growth Potential, By Application, In 2022
Figure 8: North America Automated Guided Vehicle Market, By Manufacturing, 2023-2032 (In $ Million)
Figure 9: North America Automated Guided Vehicle Market, By Warehouse & Distribution, 2023-2032 (In $ Million)
Figure 10: North America Automated Guided Vehicle Market, Growth Potential, By Battery Type, In 2022
Figure 11: North America Automated Guided Vehicle Market, By Lead Battery, 2023-2032 (In $ Million)
Figure 12: North America Automated Guided Vehicle Market, By Lithium-Ion Battery, 2023-2032 (In $ Million)
Figure 13: North America Automated Guided Vehicle Market, By Nickel-Based Battery, 2023-2032 (In $ Million)
Figure 14: North America Automated Guided Vehicle Market, Growth Potential, By Vehicle Type, In 2022
Figure 15: North America Automated Guided Vehicle Market, By Tow Vehicles, 2023-2032 (In $ Million)
Figure 16: North America Automated Guided Vehicle Market, By Unit Load Carriers, 2023-2032 (In $ Million)
Figure 17: North America Automated Guided Vehicle Market, By Automated Forklift, 2023-2032 (In $ Million)
Figure 18: North America Automated Guided Vehicle Market, By Pallet Trucks, 2023-2032 (In $ Million)
Figure 19: North America Automated Guided Vehicle Market, By Other Vehicle Types, 2023-2032 (In $ Million)
Figure 20: North America Automated Guided Vehicle Market, Growth Potential, By Navigation Type, In 2022
Figure 21: North America Automated Guided Vehicle Market, By Laser Guidance, 2023-2032 (In $ Million)
Figure 22: North America Automated Guided Vehicle Market, By Magnetic Guidance, 2023-2032 (In $ Million)
Figure 23: North America Automated Guided Vehicle Market, By Vision Guidance, 2023-2032 (In $ Million)
Figure 24: North America Automated Guided Vehicle Market, By Inductive Guidance, 2023-2032 (In $ Million)
Figure 25: North America Automated Guided Vehicle Market, By Other Navigation Technologies, 2023-2032 (In $ Million)
Figure 26: North America Automated Guided Vehicle Market, Country Outlook, 2022 & 2032 (In %)
Figure 27: United States Automated Guided Vehicle Market, 2023-2032 (In $ Million)
Figure 28: Canada Automated Guided Vehicle Market, 2023-2032 (In $ Million)
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