United States Automated Guided Vehicle Market is expected to grow at a robust CAGR
According to TechSci Research report, “United States Automated Guided Vehicle Market – By Region,
Competition, Forecast and Opportunities, 2019-2029”,
the
United States Automated Guided Vehicle (AGV) market has witnessed substantial
growth in recent years, primarily fueled by the increasing adoption of
automation in logistics and manufacturing sectors. AGVs, equipped with advanced
navigation and sensor technologies, are revolutionizing material handling
operations by offering efficiency, flexibility, and cost-effectiveness. With
the surge in e-commerce activities, there's a heightened demand for streamlined
warehouse operations and faster order fulfillment, propelling the integration
of AGVs into supply chain management. Additionally, the focus on reducing
labor-intensive tasks, enhancing workplace safety, and optimizing operational
workflows has further accelerated the market growth of AGVs in the United
States. Companies are investing significantly in AGV solutions to improve
productivity, minimize errors, and adapt to the evolving market demands. This
burgeoning market showcases a trajectory poised for continuous expansion as
industries increasingly prioritize automation to meet the challenges of a
competitive market landscape.
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Based on Component, the Hardware segment emerged as the dominant force in the United
States Automated Guided Vehicle (AGV) Market and is anticipated to sustain its
dominance throughout the forecast period. Hardware components constitute the
physical elements crucial for the operation of AGVs, encompassing navigation
systems, sensors, controllers, motors, and the physical structure of the
vehicles themselves. The dominance of the Hardware segment stems from the
pivotal role these components play in the functionality and performance of
AGVs. Advancements in hardware technology have led to the development of more
sophisticated and efficient sensors, robust navigation systems, and durable
mechanical components, enhancing the capabilities and reliability of AGVs.
Additionally, the increasing demand for AGVs across various industries, driven
by the need for automation and improved operational efficiency, has resulted in
heightened investments in hardware components. The continuous evolution of
hardware, focusing on improving sensor accuracy, navigation precision, and
overall durability, solidifies the projection that the Hardware segment will
continue to lead the United States AGV market. Furthermore, as technological
advancements persist, facilitating the integration of more advanced sensors, AI
capabilities, and enhanced connectivity within AGV hardware, this segment is
poised to maintain its dominance by meeting the escalating demands for
efficient and high-performing automated guided vehicles.
Based on Battery Type,
the Lithium-Ion Battery segment emerged as
the dominant force in the United States Automated Guided Vehicle (AGV) Market
and is anticipated to sustain its dominance over the forecast period.
Lithium-Ion batteries have garnered significant traction within the AGV market
due to their superior energy density, longer lifespan, and faster charging
capabilities compared to traditional lead-acid batteries or other alternatives.
Their high energy-to-weight ratio enables AGVs to operate for extended periods
without requiring frequent recharging, thereby optimizing operational uptime.
Moreover, the compact size and lightweight nature of Lithium-Ion batteries
contribute to the overall agility and flexibility of AGVs, allowing for
efficient maneuverability within warehouse and industrial settings. The growing
emphasis on sustainability and energy efficiency also favors the adoption of
Lithium-Ion batteries, given their reduced environmental impact and
recyclability compared to other battery types. As the demand for AGVs continues
to surge across industries requiring efficient material handling solutions, the
Lithium-Ion Battery segment is expected to maintain its dominance, driven by
ongoing advancements in battery technology, further enhancing their
performance, charging speeds, and overall efficiency, thereby solidifying their
position as the preferred power source for AGVs in the United States.
Key market players in the United States Automated
Guided Vehicle Market are: -
- Daifuku Co., Ltd.
- Dematic Corporation
- KION Group Inc
- Toyota Industries Corporation
- KUKA Inc
- Swisslog Holding Inc
- John Bean Technologies Corporation
- Murata Machinery, Ltd.
- SSI SCHAEFER Inc.
- Bastian Solutions, LLC
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“The United States Automated Guided Vehicle (AGV) Market has experienced robust growth driven by the surge in automation across industries. AGVs, equipped with advanced navigation and sensing technologies, revolutionize material handling by offering efficiency, flexibility, and cost-effectiveness. The market's expansion stems from the escalating demands of e-commerce, prompting the optimization of warehouse operations for quicker order fulfillment. Industries, in pursuit of Industry 4.0 integration, embrace AGVs to boost efficiency, minimize downtime, and enhance productivity. Companies also prioritize labor optimization, turning to AGVs to automate repetitive tasks, thereby enhancing workplace safety and redirecting human efforts to higher-value operations. The pursuit of cost efficiency further propels AGV adoption, minimizing errors and streamlining workflows in tasks like inventory management. This burgeoning market showcases a trajectory aligned with the evolving landscape, where industries increasingly leverage automation to remain competitive, driving continuous growth and innovation within the United States AGV sector.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“United States Automated Guided Vehicle Market Segmented By Vehicle Type (Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles, Others), By Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Natural Navigation, Others), By Application (Logistics and Warehousing, Assembly, Packaging, Trailer Loading and Unloading, Raw Material Handling, Others), By Component (Hardware, Software, Service), By Battery Type (Lead Battery, Lithium-Ion Battery, Nickel-based Battery, Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of United States Automated Guided Vehicle Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United
States Automated Guided Vehicle Market.
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