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- North America Automated Guided Vehicle Market – Size, Outlook, Trends and Forecast (2024 – 2032)
The automated guided vehicle is a portable robot, which navigates through laser or magnets. These are generally used in industrial applications for transportation of materials around a manufacturing facility or warehouse.
North America Automated Guided Vehicle Market Segments Size & Growth:
The market is expected to reach $1.8165 Billion by 2024 from $0.7370 Billion by 2017 at a CAGR of 15.46% during the forecast period 2018-2024. The key factors responsible for the market growth involves advancements in automation, reduction regarding cost of operation, highly secure environment and rise in popularity of automation among people. However, complex installation procedures are hampering the market growth.
North America Automated Guided Vehicle Market Segments Share:
The North America automated guided vehicle market is segmented into type, technology, application and end user. Based on technology, automated guided vehicle market is categorised into laser automated guided vehicle, inductive guided vehicle, optical guided vehicle, vision-guided vehicle, and others. Among all these, laser guidance is the dominating AGV market as it is holding more than half of the market share and is expected to continue during the forecast. And the major impediment is lack of adequate charging facilities for plug-in segments in AGV market. Based on the type, AGV market is classified into Custom AGV, Standard EGV, Hybrid EGV, Compact EGV, AND Etow EGV systems. Among which standard EGV is classified into the clamp, tugger, unit load and others where the unit load is the largest segment, and it holds a fourth of the market share, as these are autonomous robots, which can carry one to eight unit loads at a time. Based on application, AGV market is bifurcated into packaging, shipping, transportation and others. Transportation segment is accounted for the significant share mainly due to the rapid urbanisation and increased industrial production. Based on end-user industries, AGV market is categorised into Automotive, food & beverage, consumer goods, and others. Among these end-user industries, automotive, food & beverage and logistics are majorly accounted for the largest market due to various applications in assembly lines and growing investments in automotive R&D activities are growing this market. Geographically, North America AGV’s market is segmented into Canada, Mexico, and others. Canada is expected to grow with substantial growth, and it is the second largest economy in North America and is expected to project the market during the forecast period.
North America Automated Guided Vehicle Market Trends:
- Lamborghini has launched the world’s fastest super SUV’s produced on multiple automated guided vehicles controlled by AGVE’s.
- A large-scale autonomous project ‘volvo cars drive me’ Gothenburg produced by AGV’s controlled by AGVE’s.
North America Automated Guided Vehicle Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Daifuku Co. Ltd
- John Bean Technologies Corporation
- Omron Adept technologies
- Swisslog Holding AG
- Seegrid Corporation
- Toyota Industries Corporation
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Reduction in labor cost and lowered the risk of damage and optimum use of labor force.
4.1.2 Safety measures in the workspace.
4.1.3 Implementation of mobile robots driving the growth of AGV’s.
4.2 Restraints & Challenges
4.2.1 High initial investment
4.2.2. Higher switching costs.
4.2.3 Complex installation procedures.
4.2.4 Need to reduce time-to-market.
4.2.5 Long return on investment period.
4.3 Opportunities
4.3.1 Rise in the smart network.
4.3.2 Demand for warehouse and logistics in e-commerce.
5 North America Automated Guided Vehicle Market – By Technology
5.1 Inductive guided vehicle
5.2 Magnetic guided vehicle
5.3 Vision guided the vehicle
5.4 Optical guided vehicle
5.5 Laser automated guided vehicle
5.6 Tugger automated guided vehicle
5.7 Automated guided vehicle
6 North America Automated Guided Vehicle Market – By Type
6.1 Introduction
6.2 Compact AGV
6.3 Standard EGV
6.3.1 Fork
6.3.2 Clamp
6.3.3 Tugger
6.3.4 Unitload
6.4 Hybrid EGV
6.5 Custom EGV
6.6 E’Tow EGV system
7 North America Automated Guided Vehicle Market – By Application
7.1 Transportation
7.2 Distribution
7.3 Storage
7.4 Packaging
7.5 Assembly
7.6 Others
8 North America Automated Guided Vehicle Market – By End-user
8.1 Automotive
8.2 Consumer goods
8.3 Manufacturing
8.4 Food & beverages
8.5 Logistics
8.6 Healthcare
8.7 Retail
8.8 Warehousing
8.9 Others
9 North America Automated Guided Vehicle Market – By Geography
9.1 North America
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.1.4 Mexico
9.1.5 Others
10 North America Automated Guided Vehicle Market – Competitive Landscape
10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
10.2 Market Share Analysis
10.3 Strategies Adopted By Top Companies
11 North America Automated Guided Vehicle Market – Company Profiles
11.1 Daifuku Co. Ltd
11.2 Seegrid Corporation
11.3 Meidensha Corporation
11.4 Transbotics corporation
11.5 Rocla Oy
11.6 Kollmorgen
11.7 Amerden Inc.
11.8 Savant automation
11.9 Dematic group
11.10 John Bean Technologies Corporation
12 Market Insights
12.1 Insights of Industry Experts
12.2 Analyst Opinion (Market Understanding)
12.3 Investment Opportunities
13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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The automated guided vehicle is a portable robot, which navigates through laser or magnets. These are generally used in industrial applications for transportation of materials around a manufacturing facility or warehouse.
North America Automated Guided Vehicle Market Segments Size & Growth:
The market is expected to reach $1.8165 Billion by 2024 from $0.7370 Billion by 2017 at a CAGR of 15.46% during the forecast period 2018-2024. The key factors responsible for the market growth involves advancements in automation, reduction regarding cost of operation, highly secure environment and rise in popularity of automation among people. However, complex installation procedures are hampering the market growth.
North America Automated Guided Vehicle Market Segments Share:
The North America automated guided vehicle market is segmented into type, technology, application and end user. Based on technology, automated guided vehicle market is categorised into laser automated guided vehicle, inductive guided vehicle, optical guided vehicle, vision-guided vehicle, and others. Among all these, laser guidance is the dominating AGV market as it is holding more than half of the market share and is expected to continue during the forecast. And the major impediment is lack of adequate charging facilities for plug-in segments in AGV market. Based on the type, AGV market is classified into Custom AGV, Standard EGV, Hybrid EGV, Compact EGV, AND Etow EGV systems. Among which standard EGV is classified into the clamp, tugger, unit load and others where the unit load is the largest segment, and it holds a fourth of the market share, as these are autonomous robots, which can carry one to eight unit loads at a time. Based on application, AGV market is bifurcated into packaging, shipping, transportation and others. Transportation segment is accounted for the significant share mainly due to the rapid urbanisation and increased industrial production. Based on end-user industries, AGV market is categorised into Automotive, food & beverage, consumer goods, and others. Among these end-user industries, automotive, food & beverage and logistics are majorly accounted for the largest market due to various applications in assembly lines and growing investments in automotive R&D activities are growing this market. Geographically, North America AGV’s market is segmented into Canada, Mexico, and others. Canada is expected to grow with substantial growth, and it is the second largest economy in North America and is expected to project the market during the forecast period.
North America Automated Guided Vehicle Market Trends:
- Lamborghini has launched the world’s fastest super SUV’s produced on multiple automated guided vehicles controlled by AGVE’s.
- A large-scale autonomous project ‘volvo cars drive me’ Gothenburg produced by AGV’s controlled by AGVE’s.
North America Automated Guided Vehicle Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Daifuku Co. Ltd
- John Bean Technologies Corporation
- Omron Adept technologies
- Swisslog Holding AG
- Seegrid Corporation
- Toyota Industries Corporation
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Reduction in labor cost and lowered the risk of damage and optimum use of labor force.
4.1.2 Safety measures in the workspace.
4.1.3 Implementation of mobile robots driving the growth of AGV’s.
4.2 Restraints & Challenges
4.2.1 High initial investment
4.2.2. Higher switching costs.
4.2.3 Complex installation procedures.
4.2.4 Need to reduce time-to-market.
4.2.5 Long return on investment period.
4.3 Opportunities
4.3.1 Rise in the smart network.
4.3.2 Demand for warehouse and logistics in e-commerce.
5 North America Automated Guided Vehicle Market – By Technology
5.1 Inductive guided vehicle
5.2 Magnetic guided vehicle
5.3 Vision guided the vehicle
5.4 Optical guided vehicle
5.5 Laser automated guided vehicle
5.6 Tugger automated guided vehicle
5.7 Automated guided vehicle
6 North America Automated Guided Vehicle Market – By Type
6.1 Introduction
6.2 Compact AGV
6.3 Standard EGV
6.3.1 Fork
6.3.2 Clamp
6.3.3 Tugger
6.3.4 Unitload
6.4 Hybrid EGV
6.5 Custom EGV
6.6 E’Tow EGV system
7 North America Automated Guided Vehicle Market – By Application
7.1 Transportation
7.2 Distribution
7.3 Storage
7.4 Packaging
7.5 Assembly
7.6 Others
8 North America Automated Guided Vehicle Market – By End-user
8.1 Automotive
8.2 Consumer goods
8.3 Manufacturing
8.4 Food & beverages
8.5 Logistics
8.6 Healthcare
8.7 Retail
8.8 Warehousing
8.9 Others
9 North America Automated Guided Vehicle Market – By Geography
9.1 North America
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.1.4 Mexico
9.1.5 Others
10 North America Automated Guided Vehicle Market – Competitive Landscape
10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
10.2 Market Share Analysis
10.3 Strategies Adopted By Top Companies
11 North America Automated Guided Vehicle Market – Company Profiles
11.1 Daifuku Co. Ltd
11.2 Seegrid Corporation
11.3 Meidensha Corporation
11.4 Transbotics corporation
11.5 Rocla Oy
11.6 Kollmorgen
11.7 Amerden Inc.
11.8 Savant automation
11.9 Dematic group
11.10 John Bean Technologies Corporation
12 Market Insights
12.1 Insights of Industry Experts
12.2 Analyst Opinion (Market Understanding)
12.3 Investment Opportunities
13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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