Increasing Adoption of Automated Guided Cart by SMEs; The Automated Guided Cart Market to Reach More than USD 400 Million by 2028 - Arizton

CHICAGO, Feb. 7, 2023 /PRNewswire/ -- According to Arizton's latest research report, the automated guided cart market will grow at a CAGR of 10% from 2022-2028. There is a huge increase in the consumption of automated guided carts owing to the increasing industrial sector. Manufacturing industries also focus on adopting new technologies and equipment to reduce labor costs, increase efficiency, and curtail transportation time. Warehousing also significantly impacts the demand for automated guided carts owing to retailers and small manufacturing companies adopting material-handling equipment. Further, increasing lead times and efficient operations will boost the growth of the automated guided cart market in the upcoming years.

The global automated guided cart market is highly concentrated, with many local and international players. The competition among these players is intense, and rapidly changing technological scenarios could adversely affect vendors as customers expect continual innovations and upgrades in the AGCs domain. Some global automated guided cart market vendors are Fori Automation, Toyota Industries, America in Motion, Oceaneering, IDC Corporation, Savant Automation, Eurogroep, and others.

Automated Guided Cart Market Report Scope

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The booming e-commerce industry in the APAC region is driving the growth of the automated guided cart market. Companies such as Alibaba, AliExpress, Amazon (Australia, India, & Japan), and eBay (Australia & India). Etsy (Australia), Flipkart, GraysOnline, JingDong (JD), Rakuten, XiaoHongShu, Snapdeal, Tmall Global, and Taobao are emphasizing efforts in the automation sector for material handling processes to cater to the changing consumer expectations as well as cope up with the increasing competitiveness in the market. For instance, Alibaba is home to the largest number of mobile robots. The growing automotive industry in the APAC region is expected to be the highest adopter of automated guided carts. Factors such as the abundance of resources along with cheap labor have attracted several global OEMs to establish state-of-the-art manufacturing facilities. The government in major economies has adopted stringent safety and quality measures to ensure the safety of consumers. This has driven manufacturers to adopt automated guided carts to help lower operational and maintenance costs and increase efficiency in product maintenance. Additionally, this technology enables quick product delivery, which, in turn, helps to develop customer loyalty. Hence, stable economic growth, coupled with the rapid expansion of the manufacturing sector, is expected to boost the adoption rate of automated guided carts during the forecast period.

Company Profiles

• Eurogroep
• Fetch Robotics
• Fori Automation
• Savant Automation
• SCOTT
• Simplex Robotics AGCs
• America in Motion
• Oceaneering
• IDC Corporation
• Toyota
• Morello
• Wolter
• Motion Control Robotics
• ADVANCED Motion Controls
• OCC Systems
• Track Systems
• Jtech Industries
• Corecon

Market Segmentation

Type

• Pin Hook AGCs
• Lifting Device AGCs

Navigation

• Magnetic Guidance
• Laser Guidance
• Natural Guidance
• Optical Guidance
• Others

Load Capacity

• Up to 0.5 Tons
• 5 – 3 Tons
• Above 3 Tons

Application

• Warehouse & Logistics
• Automotive
• Food & beverages
• Healthcare
• Aerospace
• Others

Geography

• North America
• US
• Canada
• Europe
• Germany
• UK
• Italy
• France
• Spain
• APAC
• China
• Japan
• South Korea
• India
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia
• The UAE

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Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.4 MARKET SEGMENTS

4.4.1 MARKET SEGMENTATION BY TYPE

4.4.2 MARKET SEGMENTATION BY NAVIGATION

4.4.3 MARKET SEGMENTATION BY LOAD CAPACITY

4.4.4 MARKET SEGMENTATION BY APPLICATION

4.4.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1 MARKET OVERVIEW

6.2 MARKET DYNAMICS: KEY TRENDS, DRIVERS, AND RESTRAINTS

6.2.1 MARKET TRENDS

6.2.2 MARKET DRIVERS

6.2.3 MARKET RESTRAINTS

6.3 SEGMENT ANALYSIS

6.4 GEOGRAPHICAL ANALYSIS

6.5 COMPETITIVE LANDSCAPE

6.6 ABOUT THE REPORT

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 AGCS IN LOGISTICS

8.3 OPERATIONS OF AGCS

8.4 BATTERIES USED IN AGCS

8.5 VALUE CHAIN ANALYSIS

8.5.1 RAW MATERIAL AND COMPONENT SUPPLIERS

8.5.2 MANUFACTURERS

8.5.3 DEALERS/DISTRIBUTORS/RETAILERS

8.5.4 END-USERS

9 MARKET OPPORTUNITIES & TRENDS

9.1 INDUSTRY 4.0 PROMOTING INDUSTRIAL AUTOMATION

9.2 GROWING ADOPTION OF ARTIFICIAL INTELLIGENCE (AI)

9.3 INCREASING ADOPTION OF AGCS BY SMES

10 MARKET GROWTH ENABLERS

10.1 RISING AUTOMATION IN MATERIAL HANDLING

10.2 IMPLEMENTATION OF HIGH SAFETY STANDARDS AT WORKPLACES

10.3 INCREASING DEMAND FOR HIGHER PRODUCTIVITY & FLEXIBILITY IN PRODUCTION

11 MARKET RESTRAINTS

11.1 GROWING POPULARITY OF SELF-DRIVING VEHICLES (SDVS)

11.2 LOW LABOR COSTS IN EMERGING COUNTRIES

11.3 VOLATILITY IN RAW MATERIAL PRICES

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)

13.2 MARKET SNAPSHOT & GROWTH ENGINE (UNITS)

13.3 MARKET OVERVIEW

13.4 PIN HOOK AGCS

13.4.1 MARKET SIZE & FORECAST

13.4.2 MARKET BY GEOGRAPHY (REVENUE)

13.4.3 MARKET BY GEOGRAPHY (UNITS)

13.5 LIFTING DEVICE AGCS

13.5.1 MARKET SIZE & FORECAST

13.5.2 MARKET BY GEOGRAPHY (REVENUE)

13.5.3 MARKET BY GEOGRAPHY (UNITS)

14 NAVIGATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)

14.2 MARKET SNAPSHOT & GROWTH ENGINE (UNITS)

14.3 MARKET OVERVIEW

14.4 MAGNETIC GUIDANCE

14.4.1 MARKET SIZE & FORECAST

14.4.2 MARKET BY GEOGRAPHY (REVENUE)

14.4.3 MARKET BY GEOGRAPHY (UNITS)

14.5 LASER GUIDANCE

14.5.1 MARKET SIZE & FORECAST

14.5.2 MARKET BY GEOGRAPHY (REVENUE)

14.5.3 MARKET BY GEOGRAPHY (UNITS)

14.6 NATURAL GUIDANCE

14.6.1 MARKET SIZE & FORECAST

14.6.2 MARKET BY GEOGRAPHY (REVENUE)

14.6.3 MARKET BY GEOGRAPHY (UNITS)

14.7 OPTICAL GUIDANCE

14.7.1 MARKET SIZE & FORECAST

14.7.2 MARKET BY GEOGRAPHY (REVENUE)

14.7.3 MARKET BY GEOGRAPHY (UNITS)

14.8 OTHERS

14.8.1 MARKET SIZE & FORECAST

14.8.2 MARKET BY GEOGRAPHY (REVENUE)

14.8.3 MARKET BY GEOGRAPHY (UNITS)

15 LOAD CAPACITY

15.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)

15.2 MARKET SNAPSHOT & GROWTH ENGINE (UNITS)

15.3 MARKET OVERVIEW

15.4 UP TO 0.5 TONS

15.4.1 MARKET SIZE & FORECAST

15.4.2 MARKET BY GEOGRAPHY (REVENUE)

15.4.3 MARKET BY GEOGRAPHY (UNITS)

15.5 0.5–3 TONS

15.5.1 MARKET SIZE & FORECAST

15.5.2 MARKET BY GEOGRAPHY (REVENUE)

15.5.3 MARKET BY GEOGRAPHY (UNITS)

15.6 ABOVE 3 TONS

15.6.1 MARKET SIZE & FORECAST

15.6.2 MARKET BY GEOGRAPHY (REVENUE)

15.6.3 MARKET BY GEOGRAPHY (UNITS)

16 APPLICATION

16.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)

16.2 MARKET SNAPSHOT & GROWTH ENGINE (UNITS)

16.3 MARKET OVERVIEW

16.4 WAREHOUSE & LOGISTICS

16.4.1 MARKET SIZE & FORECAST

16.4.2 MARKET BY GEOGRAPHY (REVENUE)

16.4.3 MARKET BY GEOGRAPHY (UNITS)

16.5 AUTOMOTIVE

16.5.1 MARKET SIZE & FORECAST

16.5.2 MARKET BY GEOGRAPHY (REVENUE)

16.5.3 MARKET BY GEOGRAPHY (UNITS)

16.6 FOOD & BEVERAGE

16.6.1 MARKET SIZE & FORECAST

16.6.2 MARKET BY GEOGRAPHY (REVENUE)

16.6.3 MARKET BY GEOGRAPHY (UNITS)

16.7 HEALTHCARE

16.7.1 MARKET SIZE & FORECAST

16.7.2 MARKET BY GEOGRAPHY (REVENUE)

16.7.3 MARKET BY GEOGRAPHY (UNITS)

16.8 AEROSPACE

16.8.1 MARKET SIZE & FORECAST

16.8.2 MARKET BY GEOGRAPHY (REVENUE)

16.8.3 MARKET BY GEOGRAPHY (UNITS)

16.9 OTHERS

16.9.1 MARKET SIZE & FORECAST

16.9.2 MARKET BY GEOGRAPHY (REVENUE)

16.9.3 MARKET BY GEOGRAPHY (UNITS)

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)

17.2 MARKET SNAPSHOT & GROWTH ENGINE (UNITS)

17.3 GEOGRAPHIC OVERVIEW

18 APAC

18.1 MARKET SIZE & FORECAST

18.2 TYPE

18.2.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

18.3 NAVIGATION

18.3.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

18.4 LOAD CAPACITY

18.4.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

18.5 APPLICATION

18.5.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

18.6 KEY COUNTRIES (REVENUE)

18.7 KEY COUNTRIES (UNITS)

18.7.1 CHINA: MARKET SIZE & FORECAST

18.7.2 JAPAN: MARKET SIZE & FORECAST

18.7.3 AUSTRALIA: MARKET SIZE & FORECAST

18.7.4 SOUTH KOREA: MARKET SIZE & FORECAST

18.7.5 INDIA: MARKET SIZE & FORECAST

19 EUROPE

19.1 MARKET SIZE & FORECAST

19.2 TYPE

19.2.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

19.3 NAVIGATION

19.3.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

19.4 LOAD CAPACITY

19.4.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

19.5 APPLICATION

19.5.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

19.6 KEY COUNTRIES (REVENUE)

19.7 KEY COUNTRIES (UNITS)

19.7.1 GERMANY: MARKET SIZE & FORECAST

19.7.2 UK: MARKET SIZE & FORECAST

19.7.3 FRANCE: MARKET SIZE & FORECAST

19.7.4 ITALY: MARKET SIZE & FORECAST

19.7.5 SPAIN: MARKET SIZE & FORECAST

20 NORTH AMERICA

20.1 MARKET SIZE & FORECAST

20.2 TYPE

20.2.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

20.3 NAVIGATION

20.3.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

20.4 LOAD CAPACITY

20.4.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

20.5 APPLICATION

20.5.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

20.6 KEY COUNTRIES (REVENUE)

20.7 KEY COUNTRIES (UNITS)

20.7.1 US: MARKET SIZE & FORECAST

20.7.2 CANADA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET SIZE & FORECAST

21.2 TYPE

21.2.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

21.3 NAVIGATION

21.3.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

21.4 LOAD CAPACITY

21.4.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

21.5 APPLICATION

21.5.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

21.6 KEY COUNTRIES (REVENUE)

21.7 KEY COUNTRIES (UNITS)

21.7.1 BRAZIL: MARKET SIZE & FORECAST

21.7.2 MEXICO: MARKET SIZE & FORECAST

21.7.3 ARGENTINA: MARKET SIZE & FORECAST

22 MIDDLE EAST & AFRICA

22.1 MARKET SIZE & FORECAST

22.2 TYPE

22.2.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

22.3 NAVIGATION

22.3.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

22.4 LOAD CAPACITY

22.4.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

22.5 APPLICATION

22.5.1 MARKET SIZE & FORECAST (REVENUE & UNITS)

22.6 KEY COUNTRIES (REVENUE)

22.7 KEY COUNTRIES (UNITS)

22.7.1 SOUTH AFRICA: MARKET SIZE & FORECAST

22.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST

22.7.3 UAE: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW

24 COMPANY PROFILES

24.1 EUROGROEP

24.1.1 BUSINESS OVERVIEW

24.1.2 PRODUCT OFFERINGS

24.2 FETCH ROBOTICS

24.3 FORI AUTOMATION

24.4 SAVANT AUTOMATION

24.5 SCOTT

24.6 SIMPLEX ROBOTICS

24.7 AMERICA IN MOTION

24.8 OCEANEERING

24.9 IDC CORPORATION

24.10 TOYOTA

24.11 MORELLO

24.12 WOLTER

24.13 MOTION CONTROL ROBOTICS

24.14 ADVANCED MOTION CONTROLS

24.15 OCC SYSTEMS

24.16 TRACK SYSTEMS

24.17 JTECH INDUSTRIES

24.18 CORECON

25 REPORT SUMMARY

25.1 KEY TAKEAWAYS

25.2 STRATEGIC RECOMMENDATIONS

26 QUANTITATIVE SUMMARY

26.1 MARKET BY GEOGRAPHY

26.2 APAC

26.2.1 TYPE (REVENUE & UNITS)

26.2.2 NAVIGATION (REVENUE & UNITS)

26.2.3 LOAD CAPACITY (REVENUE & UNITS)

26.2.4 APPLICATION (REVENUE & UNITS)

26.3 EUROPE

26.3.1 TYPE (REVENUE & UNITS)

26.3.2 NAVIGATION (REVENUE & UNITS)

26.3.3 LOAD CAPACITY (REVENUE & UNITS)

26.3.4 APPLICATION (REVENUE & UNITS)

26.4 NORTH AMERICA

26.4.1 TYPE (REVENUE & UNITS)

26.4.2 NAVIGATION (REVENUE & UNITS)

26.4.3 LOAD CAPACITY (REVENUE & UNITS)

26.4.4 APPLICATION (REVENUE & UNITS)

26.5 LATIN AMERICA

26.5.1 TYPE (REVENUE & UNITS)

26.5.2 NAVIGATION (REVENUE & UNITS)

26.5.3 LOAD CAPACITY (REVENUE & UNITS)

26.5.4 APPLICATION (REVENUE & UNITS)

26.6 MIDDLE EAST & AFRICA

26.6.1 TYPE (REVENUE & UNITS)

26.6.2 NAVIGATION (REVENUE & UNITS)

26.6.3 LOAD CAPACITY (REVENUE & UNITS)

26.6.4 APPLICATION (REVENUE & UNITS)

26.7 TYPE

26.7.1 PIN HOOK AGCS (REVENUE & UNITS)

26.7.2 LIFTING DEVICE AGCS (REVENUE & UNITS)

26.8 NAVIGATION

26.8.1 MAGNETIC GUIDANCE (REVENUE & UNITS)

26.8.2 LASER GUIDANCE (REVENUE & UNITS)

26.8.3 NATURAL GUIDANCE (REVENUE & UNITS)

26.8.4 OPTICAL GUIDANCE (REVENUE & UNITS)

26.8.5 OTHER NAVIGATION (REVENUE & UNITS)

26.9 LOAD CAPACITY

26.9.1 UP TO 0.5 TONS (REVENUE & UNITS)

26.9.2 0.5–3 TONS (REVENUE & UNITS)

26.9.3 ABOVE 3 TONS (REVENUE & UNITS)

26.10 APPLICATION

26.10.1 WAREHOUSE & LOGISTICS (REVENUE & UNITS)

26.10.2 AUTOMOTIVE (REVENUE & UNITS)

26.10.3 FOOD & BEVERAGE (REVENUE & UNITS)

26.10.4 HEALTHCARE (REVENUE & UNITS)

26.10.5 AEROSPACE (REVENUE & UNITS)

26.10.6 OTHER APPLICATIONS (REVENUE & UNITS)

27 APPENDIX

27.1 ABBREVIATIONS

About Us:

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.  

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.  

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.  

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SOURCE Arizton Advisory & Intelligence

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