richa sharma July 14, 2022

Automated Guided Vehicles (AGV) Market Definition and Overview

Automated Guided Vehicles (AGV), also known as self-guided vehicles, are guided computerized vehicles that use computer software to determine their positioning, movement, and location. It acts as a load carrier that travels autonomously throughout a warehouse, distribution center, or manufacturing facility, without an onboard operator or driver. AGVs are either powered by a battery or electric motor to complete manufacturing, loading, and other warehousing activities to improve efficiency and boost outputs which pullout humans from hazardous conditions and reduce possible human errors.

Automatic Guided Vehicles acquire their instructions and programming which comprise wire embed in the floor, camera, lasers, radio waves or any other form of technology. AGVs can track lost or misplaced products and are flexible as their instructions can be changed according to the needs and demand.

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North America Automated Guided Vehicles (AGV) Market Outlook, Drivers and Challenges

Over the next five years, the Automated Guided Vehicles market in North America is expected to witness strong growth of at least 15% CAGR over the next five years. The escalating demand of automation in manufacturing and industries facilitates the pitch in Automated Guided Vehicles market. Utilization of AGVs in industries shrink the labor cost in operations by replacing human worker and that is going to be a growth driver for the market.

Automated Guided Vehicles face a major challenge of high initial investment. Also, they need routine maintenance and have occasional repairs of parts which are costly. AGVs need precise work environment to work expertly for example they require floor smoothness and proportion which is a challenge in the growth of the market.

North America Automated Guided Vehicles (AGV) Market Value Chain Analysis

The value chain of the Automated Guided Vehicles market consists of providers of core raw materials such as steel, cast iron, rubber, wires and aluminum. There are other companies such as machine builders and moving material builders which supply materials such as traction motors, batteries, on-board controller, etc. Subsequently, such materials are fabricated, assembled and designed by the Automated Guided Vehicles manufacturers and then distributed through various channels including direct and traditional channels like distributors and retailers. Afterwards, these distributors deliver the products to the customers/end-users.

north-america-automated-guided-vehicles-(agv)-market-value-chain-analysis

North America Automated Guided Vehicles (AGV) Market Segmentation

The Automated Guided Vehicles (AGV) market can be split into the following categories based on the Product type such as Automated Forklift, Automated Tow/Tractor/Tugs, Forklifts/Unit Load, Assembly Line, Underride/Tunneling and Special Purposes. Based on Navigation Technology, the market is categorized as Laser Guided, Magnetic Guided, Vision Guided and Wired Guided. The Transportation & Distribution, Storage & Assembly and Packaging are categorized as the Application based segments in the market. From the demand side, the market can be segmented based on end-user industries such as Aerospace & Defense, Food & Beverages, Communications, Media & Entertainment, Manufacturing & Logistics, Healthcare and Retail. Geographically, the major country markets in North America are US, Canada and Mexico.

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North America Automated Guided Vehicles (AGV) Market Competitive Landscape of Major Competitors

Some key competitors in the North America Automated Guided Vehicles (AGV) market are Daifuku, KUKA, John Bean Technologies (JBT), Seegrid, Toyota MH, Crown Equipment, Mitsubishi-Caterpillar, Oceaneering Intl, KION.

Impact of Covid-19 on North America Automated Guided Vehicles (AGV) Market

Covid-19 pandemic has brought diverse opportunity in Automated Guided Vehicles market as it assisted industries and manufactures to continue with their productions. The pharmaceutical industry started the utilization of Automated Guided Vehicles to meet the excessive demand and sustain hygiene. For example, hospitals used AGVs to take caution from Covid-19 patients and keep hygiene by having contact less transportation of meals, waste bins, linen and sterile supplies.

Key Segments Covered in North America Automated Guided Vehicles (AGV) Market

North America Automated Guided Vehicles (AGV) Market By Product Type

Automated Forklift

Automated Tow/Tractor/Tugs

Forklifts/Unit Load

Assembly Line

Underride/Tunneling

Special Purposes

North America Automated Guided Vehicles (AGV) Market By Navigation Technology

Laser Guided

Magnetic Guided

Vision Guided

Wired Guided

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North America Automated Guided Vehicles (AGV) Market By Application

Transportation and Distribution

Storage and Assembly

Packaging

North America Automated Guided Vehicles (AGV) Market By Type of End User Industry

Aerospace and Defense

Food and Beverages

Communications

Media and Entertainment

Manufacturing and Logistics

Healthcare

Retail

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North America Automated Guided Vehicles (AGV) Market By Geography and Major Countries

US

Canada

Mexico

Key Competitors in North America Automated Guided Vehicles (AGV) M Market

Daifuku

KUKA

John Bean Technologies (JBT)

Seegrid

Toyota MH

Crown Equipment

Mitsubishi-Caterpillar

Oceaneering Intl

KION

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Key Target Audience:-

Automated Guided Vehicles (AGV) Manufacturers

Automated Guided Vehicles (AGV) Product Assemblers

Automated Guided Vehicles (AGV) Component suppliers

Raw Material Suppliers for Automated Guided Vehicles (AGV)

Components Suppliers for Automated Guided Vehicles (AGV)

Potential Investors in Automated Guided Vehicles (AGV)

Value Added Resellers

Collaborative Guided Vehicles Manufacturers

Industrial OEMs of Automated Guided Vehicles (AGV)

Industrial Automation Solutions Providers

Automated Guided Vehicles (AGV) Companies

Guided Vehicles Industry Associations

Automated Guided Vehicles (AGV) Research Groups

Automobile Manufacturing Industry Associations

Automobile Regulatory Organizations

Environment Control and Emission Regulatory Organizations

Transportation Ministries

Electric Vehicle Industry Forums

For any queries or feedback, reach out to the author at Support@kenresearch.com

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