The Automated Guided Cart (AGC) market is poised to reach a value of US$ 208.7 million by 2022, and it is expected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 8.3%, culminating in a value of US$ 462.7 million by the end of 2032.
In recent years, the AGC market has witnessed remarkable expansion, primarily propelled by the growing demand for automation and enhanced efficiency in material handling and intralogistics operations across a variety of industries. AGCs, which are autonomous mobile robots designed for material transportation within facilities and warehouses, have become invaluable assets for organizations aiming to streamline their operations. This market’s rapid evolution can be attributed to technological advancements, escalating labor costs, and the increasing need for precise, error-free, and time-efficient material handling solutions.
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7607
Market Opportunity:
The AGC market presents a substantial opportunity for both manufacturers and end-users. One of the primary opportunities lies in the potential for increased productivity. AGCs reduce the reliance on manual labor for material transport, minimizing human errors and increasing operational efficiency. This is particularly appealing for industries like manufacturing, e-commerce, and logistics where precision, consistency, and speed are crucial.
Furthermore, the market offers a sustainable solution for organizations aiming to reduce their carbon footprint. AGCs are often electric and produce minimal emissions, aligning with the growing focus on eco-friendly operations and compliance with environmental regulations.
Market Challenges:
Despite the promising opportunities, the AGC market also faces some notable challenges. The initial investment in AGC technology can be substantial, and this can be a barrier for smaller companies. Integration with existing systems and infrastructure can be complex and costly, requiring careful planning and coordination.
Safety concerns also present a challenge, as AGCs need to operate alongside human workers in many scenarios. Ensuring that AGCs and employees can coexist safely is a top priority. Additionally, the technology is still evolving, and issues related to navigation, reliability, and adaptability to different environments can be problematic.
Key Players:
- Addverb Technologies Private Limited
- America in Motion (AIM)
- Asti Mobile Robotics
- BALYO
- Bastian Solutions, LLC
- Creform
- Crown Equipment Corporation
- Daifuku Co. Ltd
- ELETTRIC80 S.P.A.
- Fetch Robotics, Inc
- GreyOrange
- Hitech Robotic Systemz ltd
Competitive Landscape:
Manufacturers of automated guided carts are continuously striving to adopt cutting-edge technologies to maintain their competitive edge. Prominent players in the industry are focusing on developing innovative solutions for packaging and storage, improving safety and comfort, enhancing product creativity and productivity, and more.
The industry is witnessing a range of strategic initiatives such as alliances, product launches, acquisitions, partnerships, and capacity expansion, among others.
In March 2022, Swisslog Holding and Berkshire Grey announced a partnership aimed at bringing AI-enabled robotic solutions to global warehouse operations. This collaboration will enable both companies to offer distribution, e-commerce, and store automation solutions that maximize labor productivity and enhance order fulfillment.
Segmentation of 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
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7607
About Fact.MR :
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400 Rockville, MD 20852
United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube