North America Automated Guided Vehicle Market Forecast to 2030

North America Automated Guided Vehicle Market Forecast to 2030 – Regional 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)

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Description

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 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.

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At 12.5% CAGR, the North America Automated Guided Vehicle Market is speculated to be worth US$ 2,976.90 million by 2030, saysthe research team
According tothe research team research, 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, registering a CAGR of 12.5% from 2022 to 2030. Increasing industrialization and automation in industries, huge growth in e-commerce sector, and increasing need for well-managed operations in warehouses, distribution, and manufacturing facilities are the critical factors attributed to the North America automated guided vehicle market expansion.
Industrialization and automation are revolutionizing the way businesses and industries operate across the North America. Automation has enabled businesses to become more cost-effective and efficient by excluding labor-intensive tasks and increasing production accuracy and speed. Automation also has the potential to improve product quality and decrease human error. It has allowed businesses to improve customer service, modernize their operations, and reduce customer wait times. Automation is also helping businesses become more flexible, acknowledging them to respond quickly to changes in the market. As businesses embrace automation, they quickly realize the benefits it can bring to their operations. Industrialization and automation in industries are growing significantly. For instance, in June 2023, Rockwell Automation announced that 85% of automotive manufacturers plan to maintain or even increase their workforce due to technology adoption. In addition, 64% of businesses use software to automate processes, and 54% of leaders are increasing automation to address labor shortages. According to the data of SSE Automation, industrial production has grown rapidly, and almost 90% of companies perceive benefits in automation. As investments in automation increase and technology becomes more accessible, the market will witness massive growth. Automated guided vehicles are widely used for several purposes: increasing safety, lowering production time, assuring high production volume, and minimizing the risk of human mistakes. Thus, growing industrialization and automation in industries drive the North America automated guided vehicles market. This is expected to drive the North America automated guided vehicle market during the forecast period.
On the contrary, high upfront costs hurdles the growth of North America automated guided vehicle market.
Based on technology, the North America automated guided vehicle market is categorized into wired navigation, guide tape navigation, laser target navigation, magnetic navigation, and others. The laser target navigation segment held 35.0% market share in 2022, amassing US$ 406.44 million. It is projected to garner US$ 1,158.77 million by 2030 to expand at 14.0% CAGR during 2022–2030.
Based on vehicle type, the North America automated guided vehicle market is categorized into pallet trucks, tow vehicle, tugger trains, forklift trucks, and others. The tow vehicle segment held 30.5% share of North America automated guided vehicle market in 2022, amassing US$ 353.85 million. It is projected to garner US$ 1,016.37 million by 2030 to expand at 14.1% CAGR during 2022–2030.
Based on end user, the North America automated guided vehicle market is categorized into general manufacturing, food and beverage, aerospace, retail, healthcare, logistics, automotive, and others. The logistics segment held 34.8% share of North America automated guided vehicle market in 2022, amassing US$ 403.68 million. It is projected to garner US$ 1,189.13 million by 2030 to expand at 14.5% CAGR during 2022–2030.
Based on country, the North America automated guided vehicle market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.9% share of North America automated guided vehicle market in 2022. It was assessed at US$ 986.06 million in 2022 and is likely to hit US$ 2,573.10 million by 2030, exhibiting a CAGR of 12.7% during 2022–2030.
Key players operating in the North America automated guided vehicle market are 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 among others.
In June 2023, Dematic Launches its Third-Generation Freezer-Rated AGVs. In Mar 2019, Crown collaborates with JBT on material handling automation.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Area Rugs Market, by Type
1.3.2 Asia Pacific Area Rugs Market, by End Use
1.3.3 Asia Pacific Area Rugs Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Area Rugs Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Area Rugs Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Residential Construction Sector
5.1.2 Increasing Use of Area Rugs in Interior Designs
5.2 Market Restraint
5.2.1 Availability of Substitute Products
5.3 Market Opportunity
5.3.1 New Product Launches and Product Innovations
5.4 Future Trend
5.4.1 Surging Demand for Area Rugs Made from Natural Fibers
5.5 Impact Analysis
6. Area Rugs– Asia Pacific Market Analysis
6.1 Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Area Rugs Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 Asia Pacific Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Area Rugs Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Area Rugs Market, by Key Country
9.1.1.1 Australia: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Asia Pacific Area Rugs Market, by Type
9.1.1.1.2 Australia: Asia Pacific Area Rugs Market, by End Use
9.1.1.2 China: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Asia Pacific Area Rugs Market, by Type
9.1.1.2.2 China: Asia Pacific Area Rugs Market, by End Use
9.1.1.3 India: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Asia Pacific Area Rugs Market, by Type
9.1.1.3.2 India: Asia Pacific Area Rugs Market, by End Use
9.1.1.4 Japan: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Asia Pacific Area Rugs Market, by Type
9.1.1.4.2 Japan: Asia Pacific Area Rugs Market, by End Use
9.1.1.5 South Korea: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Asia Pacific Area Rugs Market, by Type
9.1.1.5.2 South Korea: Asia Pacific Area Rugs Market, by End Use
9.1.1.6 Rest of Asia Pacific: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Area Rugs Market, by Type
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific Area Rugs Market, by End Use
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Riztex USA Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amer Rugs Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nodi Handmade Rugs Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Riviere Rugs Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Maa Collections
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Faze Three Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Golden Carpets Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms

LIST OF TABLES
Table 1.             North America Automated Guided Vehicles Market – Revenue and Forecast to 2030 (US$ Million)
Table 2.             North America Automated Guided Vehicles Market Volume and Forecast to 2030 (Units)
Table 3.             North America Automated Guided Vehicles (AGV) Market, Revenue and Forecast To 2030 – By Country (US$ Million)
Table 4.             North America Automated Guided Vehicles (AGV) Market, Volume and Forecast To 2030 – By Country (Units)
Table 5.             United States Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
Table 6.             United States Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
Table 7.             US Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
Table 8.             United States Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
Table 9.             Canada Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
Table 10.          Canada Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
Table 11.          Canada Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
Table 12.          Canada Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
Table 13.          Mexico Automated Guided Vehicles (AGV) Market, by Technology – Revenue and Forecast to 2030 (USD Million)
Table 14.          Mexico Automated Guided Vehicles (AGV) Market, by Vehicle Type – Revenue and Forecast to 2030 (USD Million)
Table 15.          Mexico Automated Guided Vehicles (AGV) Market, by Vehicle Type – Market Volume and Forecast to 2030 (Units)
Table 16.          Mexico Automated Guided Vehicles (AGV) Market, by End-User – Revenue and Forecast to 2030 (USD Million)
Table 17.          Glossary of Terms, North America Automated Guided Vehicles (AGV) Market
 
 
LIST OF FIGURES
Figure 1.           North America Automated Guided Vehicles Market Segmentation
Figure 2.           North America Automated guided vehicles Market – By Country
Figure 3.           North America Automated Guided Vehicles Market Overview
Figure 4.           Laser Target Navigation Segment Held Largest Share of Automated Guided Vehicles Market in 2022
Figure 5.           The US Held Largest Share of Automated Guided Vehicles Market in 2022
Figure 6.           North America Pest Analysis
Figure 7.           North America Ecosystem Analysis
Figure 8.           North America Expert Opinion
Figure 9.           North America Automated Guided Vehicles Market Impact Analysis of Driver and Restraints
Figure 10.        North America Automated Guided Vehicles Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11.        North America Automated Guided Vehicles Market, By Technology, 2022 & 2030 (% Share)
Figure 12.        Laser Target Navigation: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 13.        Magnetic Navigation: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 14.        Wired Navigation: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 15.        Guide Tape Navigation: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 16.        Others: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 17.        North America Automated Guided Vehicles Market, By Vehicle Type, 2022 & 2030 (% Share)
Figure 18.        Tow Vehicle: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 19.        Pallet Trucks: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 20.        Tugger Trains: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 21.        Forklift Trucks: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 22.        Others: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 23.        North America Automated Guided Vehicles Market, By End User, 2022 & 2030 (% Share)
Figure 24.        Logistics: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25.        Automotive: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26.        General Manufacturing: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 27.        Healthcare: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28.        Retail: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 29.        Food and Beverage: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 30.        Aerospace: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 31.        Others: North America Automated Guided Vehicles (AGV) Market Revenue and Forecast to 2030 (US$ Mn)
Figure 32.        North America Automated Guided Vehicles (AGV) Market, by Country – Revenue (2022) (US$ Million)
Figure 33.        North America Automated Guided Vehicles (AGV) Market, by Country, 2022 & 2030 (%)
Figure 34.        US Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
Figure 35.        Canada Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)
Figure 36.           Mexico Automated Guided Vehicles Market, Revenue and Forecast To 2030 (US$ Mn)

The List of Companies – North America Automated Guided Vehicle Market
– 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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