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.
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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 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.
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.
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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
Underride/Tunneling
Special Purposes
North
America Automated
Guided Vehicles (AGV) Market By Navigation Technology
Laser Guided
Magnetic Guided
Vision Guided
Wired Guided
North
America Automated
Guided Vehicles (AGV) Market By Application
Transportation
and Distribution
Storage
and Assembly
Packaging
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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
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
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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
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Research
Ankur
Gupta, Head Marketing & Communications
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