Key Findings
The North America automated guided vehicle market is projected to record a 7.78% CAGR during the forecast period, 2023-2032. Increasing concerns about skilled labor shortages and the rise in e-commerce and import-export activities drive North America’s demand for automated guided vehicles (AGVs).

Market Insights
The North America automated guided vehicle market growth evaluation includes the assessment of Canada and the United States. Canada has comprehensive regulations and incentive structures to stimulate innovation, investment, and skill development within its manufacturing sector. These incentives are particularly beneficial for small and medium-sized enterprises increasingly embracing Industry 4.0, catalyzing innovation and efficiency within the sector. These advancements are fortifying the market for automated guided vehicles (AGVs) in the country.
Moreover, stringent safety standards implemented across various Canadian industries significantly contribute to the growth of the AGV market. These strict regulations are designed to prevent accidents in industrial settings and enhance the safety of the work environment. Consequently, this has accelerated the adoption of AGVs as they reduce human involvement in potentially hazardous areas.
Further contributing to this upward trend is the increasing investment in the automotive sector. This surge in investment is leading to heightened demand for automation within warehouses and facilities. As AGVs are a central component of such automation, their market in Canada is experiencing substantial growth. Thus, the fusion of regulatory incentives, safety measures, and sector-specific investment has synergistically bolstered the market for AGVs in Canada.

Competitive Insights
Key players operating include Hyster-Yale Materials Handling Inc, John Bean Technologies Corporation, Mitsubishi Logisnext, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments