Automated Guided Vehicle Manufacturing in the US - Industry Market Research Report

Hands off: More operators will enter the industry and encourage greater price competition, supporting industry growth

The industry has rapidly expanded through the current period. Manufacturers design, produce and install automated guided vehicles (AGVs); AGVs are mobile robots for material handling, tracking and repetitive tasks. Persistent economic growth bracketing the COVID-19 pandemic has driven strong gains in consumer spending. More manufacturers, logistics companies and others have purchased AGVs to move goods throughout their facilities while reducing manual labor costs. In particular, companies in these sectors used AGVs to improve efficiency and reduce long-term operating costs. Revenue will swell at an expected CAGR of 12.0% to $1.3 billion through the current period, despite stagnating in 2023.

This industry manufactures automated guided vehicles (AGV), which are mobile robots used for material handling and tracking or repetitive tasks. These vehicles follow markers or use vision or lasers to navigate in commercial settings.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.