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Automated Guided Vehicle Manufacturing in the US Industry Data and Analysis
Manufacturers design, produce and install automated guided vehicles (AGVs); AGVs are mobile robots for material handling, tracking and repetitive tasks. In particular, more manufacturers, logistics companies and others have purchased AGVs to move goods throughout their facilities while reducing manual labor costs, especially as some sectors endure pronounced labor shortages stemming from the pandemic. Buyers in these sectors have used AGVs to improve efficiency and reduce long-term operating costs. However, companies have been unable to match the industry's rapid pandemic-era growth rates, combatting higher rates, low order volumes and increasing competitiveness. Instead, revenue has fallen at an estimated CAGR of 6.8% to $800.5 million through the current period, despite 2.0% growth in 2026, where profit settled at 8.1%.
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What's included in this industry analysis
IBISWorld's research coverage on the Automated Guided Vehicle Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released October 2026.
About this industry
What's this industry report about?
The Automated Guided Vehicle Manufacturing industry in the United States operates under the NAICS industry code OD4419. 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. Related terms covered in the Automated Guided Vehicle Manufacturing industry in the United States include automated guided vehicle (agv), fork vehicle and towing vehicle.
What's included in this industry?
Products and services covered in Automated Guided Vehicle Manufacturing industry in the United States include Wire systems, Laser systems and Other.
What companies are included in this industry?
Companies covered in the Automated Guided Vehicle Manufacturing industry in the United States include John Bean Technologies Corporation, Jervis B. Webb Company and Dematic Corp.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Automated Guided Vehicle Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Automated Guided Vehicle Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Automated Guided Vehicle Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Automated Guided Vehicle Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Automated Guided Vehicle Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Automated Guided Vehicle Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Automated Guided Vehicle Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Automated Guided Vehicle Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Automated Guided Vehicle Manufacturing industry in the United States in 2026?
The market size of the Automated Guided Vehicle Manufacturing industry in the United States is $800.5m in 2026.
How many businesses are there in the Automated Guided Vehicle Manufacturing industry in the United States in 2026?
There are 65 businesses in the Automated Guided Vehicle Manufacturing industry in the United States, which has grown at a CAGR of 1.6 % between 2021 and 2026.
How may import tariffs affect the Automated Guided Vehicle Manufacturing industry in the United States?
The Automated Guided Vehicle Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Automated Guided Vehicle Manufacturing industry in the United States?
The Automated Guided Vehicle Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Automated Guided Vehicle Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Automated Guided Vehicle Manufacturing industry in the United States has been declining at a CAGR of 6.8 % between 2021 and 2026.
What is the forecast growth of the Automated Guided Vehicle Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Automated Guided Vehicle Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Automated Guided Vehicle Manufacturing industry in the United States?
The biggest companies operating in the Automated Guided Vehicle Manufacturing industry in the United States are John Bean Technologies Corporation, Jervis B. Webb Company and Dematic Corp.
What does the Automated Guided Vehicle Manufacturing industry in the United States include?
Manufacturing automated guided vehicles for assembly lines and Manufacturing automated guided vehicles for forklifting are part of the Automated Guided Vehicle Manufacturing industry in the United States.
Which companies have the highest market share in the Automated Guided Vehicle Manufacturing industry in the United States?
The company holding the most market share in the Automated Guided Vehicle Manufacturing industry in the United States is John Bean Technologies Corporation.
How competitive is the Automated Guided Vehicle Manufacturing industry in the United States?
The level of competition is high and increasing in the Automated Guided Vehicle Manufacturing industry in the United States.
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