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$1.5+ Billion North American Automated Guided Vehicle (AGV) Market Trends and Forecast to 2022 - ResearchAndMarkets.com

January 29, 2019

DUBLIN--(BUSINESS WIRE)--Jan 29, 2019--The “North America Automated Guided Vehicle (AGV) Market - By End User Vertical (Automotive, Food & Beverages, Electronics & Electrical Industry, Retail and Others) and Country (United States and Canada) - Trends and Forecasts (2017 - 2022)” report has been added to ResearchAndMarkets.com’s offering.

The North American AGV market was estimated at USD 584.29 million in 2016 and is expected to reach USD 1,500.99 million by 2022, witnessing a CAGR of 15.41% during 2017-2022.

The region’s strong industrial activity to meet its export demands and the strengthening e-commerce market are expected to provide the anticipated boost to the North American market during the next five years.

Key Highlights

Electronics & Electrical Industry to Provide More Automation Opportunities Strengthening Finance & Insurance Sectors to Put Canada on the Fast Track Political Situation in the Region is Expected to Decide the Market Growth

North America is highly affected by the political situations in the United States. The country’s potential decision to withdraw (or not) from the North American Free Trade Agreement (NAFTA) could disrupt the AGV market in the region. In case of a decision to withdraw, the demand for AGV is expected to rise as it draws many manufacturers to shift production to the United States.

Though this case benefits the United States, it is expected to negatively impact many surrounding countries that are highly dependent on export activities in the region.

In case of a decision to continue in NAFTA, the current moderate growth situation is expected to remain in many North American countries, including the United States. Automotive and general manufacturing sectors in the region are the segments most affected by these changes.

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. North America AGV Market Segmentation

6. Company Profiles

Toyota Material Handling US Daifuku Group Dematic Group JBT Corporation Seegrid Corporation Murata Machinery Swisslog Holding SSI Schaefer Systems International ABB AGVE

7. Future of AGV Market

For more information about this report visit https://www.researchandmarkets.com/research/lfqh92/1_5_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005446/en/

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Related Topics:Industrial Automation

KEYWORD: NORTH AMERICA

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/29/2019 06:12 AM/DISC: 01/29/2019 06:12 AM

http://www.businesswire.com/news/home/20190129005446/en

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