Mounting e-Commerce Industry and Rapid Growth of Retail Sector to Fuel Need for Automated Guided Carts, States Fact.MR

Automated Guided Cart Market Analysis By Navigation Type (Inductive, Laser, Magnetic Tape, Optical Tape & Vision Guidance) By Towing Capacity, By Travel Speed, By Direction, By End-Use Industry and Region – Global Market Insights 2022 to 2032

Rockville, Maryland, UNITED STATES


United States, Rockville MD, Aug. 10, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global automated guided cart market is estimated at US$ 208.7 million in 2022 and is expected to expand at an impressive CAGR of 8.3% during the forecast years of 2022-2032. The market is predicted to grow rapidly along with robust demand growth for automated guided vehicles across the world.

An automated guided cart (AGC) is a high-tech mobile robot that can navigate by following cables, markings, invisible UV marks, and light. Automated guided carts are intricately constructed devices that are widely employed in large industries to move materials over short distances at higher speed.

AGCs are equipped with connected devices that are linked to sensors, cameras and lasers on each side. They are the ideal replacement for manual labour and lead to reduced expenditure for overtime, paid leaves, and other expenses. Business expenditures can be cut in several ways by substituting an automated guided cart for the human workforce.

For More Insights on this Market, Get A Sample Report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=7607

The industrial revolution has been at the forefront for the integration of automated guided vehicles and it is characterised by strong emphasis on automation, connectivity, real-time data, and machine learning. Use of autonomous guided carts is anticipated to improve warehouse safety and enable businesses to operate at a higher degree of lean production.

Overall, the automated guided cart market is projected to grow 2.2X over the next ten years.

Key Takeaways from Market Study

  • The global automated guided cart market is projected to expand at an impressive CAGR of 8.3% and be valued at US$ 462.7 million by 2032.
  • 2000-3000 lb towing capacity dominates the market with valuation of US$ 71.5 million in 2022.
  • Magnetic tape guidance, under navigation type, dominated the market with 26.9% market share in 2021.
  • Travel speed of 200-300 fpm is likely to represent 39.4% market share in 2022.
  • Bi-directional type of automated guided carts, under direction, will grow 2.3X during the forecasted period.
  • The automotive end-use industry will dominate the market with a valuation of US$ 49.4 million in 2022.
  • Based on region, demand for automated guided carts is expected to increase at a CAGR of 9.8% in North America over the decade.

Robust logistic & warehouse operations through AGV integration to boost market for automated guided carts,says a Fact.MR analyst.

To Gain In-Depth Insights on Automated Guided Cart Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7607

Market Development

Manufacturers are ready to overcome industry challenges via new product launches, research & development, increasing productivity and quality of the product, geographical expansion, and strategic collaborations with prominent end-use industries. Market players are also focusing on advanced technologies in material handling to meet specific needs through tailored services.

Furthermore, market players are continuously improving and changing their strategies to align their resources and increase their customer base by focusing on diverse end users as well as regions. Moreover, manufacturers are focused on offering standard and customized AGCs to provide cheaper products that are more efficient.

Competitive Landscape

Prominent automated guided cart manufacturers are Addverb Technologies Private Limited, America in Motion (AIM), Asti Mobile Robotics, BALYO, Bastian Solutions LLC, Creform, Crown Equipment Corporation, Daifuku Co. Ltd, ELETTRIC80 SPA, Fetch Robotics Inc, GreyOrange, Hitech Robotic Systemz ltd, inVia Robotics, Inc, Kollmorgen, KUKA AG, Meidensha Corporation, MIR, Oceaneering International Inc, Safelog, Schaefer Systems International Inc, Shenzhen Casun Intellingent Robot Co Ltd, SIMPLEX ROBOTICS, Swisslog Holding AG, System Logistics Spa, Teradyne Inc, and Toyota Industries Corporation.

Strategic alliances, product launches, acquisitions, partnerships, capacity expansion, etc., are all being witnessed in this space.

  • In March 2022, Swisslog Holding and Berkshire Grey entered into a partnership, which will bring AI-enabled robotic solutions to global warehouse operations. This partnership will provide both enterprises with distribution, e-Commerce, and store automation solutions to maximize labor productivity and increase order fulfillment.

Fact.MR has provided detailed information about the price points of key manufacturers of automated guided carts positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Automated Guided Cart Market Research

  • By Towing Capacity :
    • Below 1000 lbs
    • 1000-2000 lbs
    • 2000-3000 lbs
    • 3000-4000 lbs
    • Above 4000 lbs
  • By Navigation Type :
    • Inductive Guidance
    • Laser Guidance
    • Magnetic Tape Guidance
    • Optical Tape Guidance
    • Vision Guidance
  • By Travel Speed :
    • Below 100 fpm
    • 100-200 fpm
    • 200-300 fpm
    • Above 300 fpm
  • By Direction :
    • Uni-Directional
    • Bi-Directional
    • Omnidirectional
  • By End-use Industry :
    • Aerospace & Defence
    • Automotive
    • Food & beverages
    • Healthcare & Hospitals
    • Industrial Manufacturing
    • Logistics & Warehouses
    • Retail & e-Commerce
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=7607

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global automated guided cart market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of towing capacity (below 1000 lbs, 1000-2000 lbs, 2000-3000 lbs, 3000-4000 lbs, above 4000 lbs), navigation type (inductive guidance, laser guidance, magnetic tape guidance, optical tape guidance, vision guidance), travel speed (below 100 fpm, 100-200 fpm, 200-300 fpm, above 300 fpm), direction (uni-directional , bi-directional, omnidirectional), and end-use industry (aerospace & defence, automotive, food & beverages, healthcare & pharmaceuticals, industrial manufacturing, logistics & warehouses, retail & e-Commerce, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Explore Fact.MR's Coverage on the Industrial Goods Domain-

Flexitanks Market - As demand for flexible packaging solutions rise, flexitank deployment is increasing on a large scale across various industries. Gains are being underpinned by increasing adoption across the food, oils, chemical, and industrial goods domains. Preference for single trip flexitanks due to their easy disposal is being recorded.

Construction Glass Market - As per Fact.MR’s report, from 2016 to 2020, the construction glass market surpassed US$ 46 Bn in terms of market value, growing at a CAGR of around 5%. Increase in urbanization and demand from the residential and commercial sectors is propelling the demand for construction glass.

Grinding Machines Market - Newly-released grinding machine industry analysis by Fact.MR, a market research and competitive intelligence provider, shows that ,global demand enjoyed year-on-year (YoY) growth of 13.1% in 2021, to total 3,520 units. CNC grinders are forecast to capture a little over 64% in value market share.

Vacuum Excavator Market - Fact.MR has released the vacuum excavator market analysis which reveals that global demand will have year-on-year (YoY) growth of 8.5% in 2021, to reach a market valuation of US$ 725 Mn. Hydro vacuum excavators are estimated to showcase positive growth of 9% and reach a market valuation of around US$ 400 Mn in 2021, whereas air vacuum excavators are estimated to experience volume sales of 3,010 units in 2021.

Ultrafast Laser Market - Global ultrafast laser market revenue is expected to total US$ 1.4 Bn by 2021, with fiber lasers likely to capture over 2/5th of total revenue. By application, micromachining is poised to register maximum growth, at 14% CAGR.

Basalt Fiber Market - The global basalt fiber market is estimated at USD 106 Million in 2022 and is forecast to surpass USD 339 Million by 2032, growing at a CAGR of 12.4% during the forecast period of 2022-2032.

Incident and Emergency Management Market - The global incident and emergency management market is poised to increase at a steady CAGR of 6.4% during 2022-2032. The incident and emergency management market is estimated to reach US$ 245.6 Bn by 2032 from US$ 132.4 Bn in 2021.

Modular Uninterruptible Power Supply (UPS) Market - The modular uninterruptible power supply (UPS) market is predicted to grow at an impressive CAGR of 9.2% during the forecast period covering 2022 to 2032. The modular uninterruptible power supply (UPS) market share is estimated to reach a value of nearly US$ 11 Billion by 2032, expanding from US$ 4 Billion in 2021.

Fire Alarm Systems Market - Worldwide demand for fire alarm systems is forecasted to increase at a CAGR of 6.6% between 2022 and 2032. At present, the global fire alarm systems market is valued at US$ 30.12 billion and is anticipated to reach US$ 57.08 billion by 2032.

Trenchers Market - Demand for trenchers in the construction industry is rising to reduce the time and effort required in several construction activities. Trenches play a crucial role in infrastructure construction. They are widely deployed to install and maintain the underground infrastructure for services such as gas mains, water mains, and phone lines.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

Mahendra Singh

US Sales Office:

11140 Rockville Pike

Suite 400

Rockville, MD 20852

Email: sales@factmr.com

Tel: +1 (628) 251-158