North America Automated Guided Vehicle Market Report and Forecast 2025-2034
Market Report I 2025-06-05 I 110 Pages I EMR Inc.
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
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
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