North America Automated Guided Vehicle Market Report and Forecast 2025-2034
Description
The North America automated guided vehicle market reached a value of about USD 1.31 Billion in 2024 and expected to grow at a CAGR of 11.80% in the forecast period of 2025-2034 to reach a value of approximately USD 4.00 Billion by 2034.
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.
Market Segmentation
North America Automated Guided Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Automated Forklift
Tow Vehicles
Unit Load Carrier
Assembly Line Vehicles
Pallet Truck
Others
Market Breakup by Navigation Technology:
Laser Guidance
Magnetic Guidance
Vision Guidance
Inductive Guidance
Others
Market Breakup by End Use:
Retail
Automotive
Food and Beverages
Electrical and Electronics
General Manufacturing
Pharmaceutical
Others
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
The market players are focusing on technological improvements, incorporating AI and IoT into automated guided vehicles.
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.
Oceaneering International, Inc.
Others
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.
Market Segmentation
North America Automated Guided Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Automated Forklift
Tow Vehicles
Unit Load Carrier
Assembly Line Vehicles
Pallet Truck
Others
Market Breakup by Navigation Technology:
Laser Guidance
Magnetic Guidance
Vision Guidance
Inductive Guidance
Others
Market Breakup by End Use:
Retail
Automotive
Food and Beverages
Electrical and Electronics
General Manufacturing
Pharmaceutical
Others
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
The market players are focusing on technological improvements, incorporating AI and IoT into automated guided vehicles.
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.
Oceaneering International, Inc.
Others
Table of Contents
110 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Automated Guided Vehicle Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Automated Guided Vehicle Historical Market (2018-2024)
- 5.3 Global Automated Guided Vehicle Market Forecast (2025-2034)
- 5.4 Global Automated Guided Vehicle Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Automated Guided Vehicle Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Automated Guided Vehicle Historical Market (2018-2024)
- 6.3 North America Automated Guided Vehicle Market Forecast (2025-2034)
- 7 North America Automated Guided Vehicle Market by Product
- 7.1 Automated Forklift
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Tow Vehicles
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Unit Load Carrier
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Assembly Line Vehicles
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Pallet Truck
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 North America Automated Guided Vehicle Market by Navigation Technology
- 8.1 Laser Guidance
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Magnetic Guidance
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Vision Guidance
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Inductive Guidance
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 North America Automated Guided Vehicle Market by End Use
- 9.1 Retail
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Automotive
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Food and Beverages
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Electrical and Electronics
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 General Manufacturing
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Pharmaceutical
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 9.7 Others
- 10 North America Automated Guided Vehicle Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Price
- 11.4 Key Indicators for Demand
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Toyota Industries Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 John Bean Technologies
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Murata Machinery Ltd.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Seegrid Corporation
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Swisslog Holding AG
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Daifuku Co., Ltd.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Scott Technology Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Schaefer Systems International, Inc.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Hyster-Yale Group, Inc.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Oceaneering International, Inc.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
