New York, March 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “North America Automated Guided Vehicle (AGV) Market – Growth, Trends, COVID-19 Impact, and Forecast (2022-2027). )” – https://www.reportlinker.com/p06246196/?utm_source=GNW
48% during the period 2022-2027 (hereafter referred to as the forecast period).

Highlights
Modern manufacturing facilities rely on new technologies and innovations to produce higher quality products at faster speeds and at lower costs. In order to survive in the current competitive scenario, implementation of smarter software and hardware is proving to be the only way as the region is suffering from labor shortage.
Automated guided vehicle technology offers manufacturers many significant and measurable benefits, such as reduced operating costs and increased material throughput, but they can go further. Optimizing the first mile using material handling automation improves business profitability and customer satisfaction across all warehouses.
For example, major logistics companies, such as XPO, UPS, and DHL, which have a considerable degree of automation in their distribution centers, experience higher revenues than companies that rely on traditional practices.
The market trend indicates that more and more companies, large and small, are turning to solutions involving automated guided vehicles (AGVs). The development of new types of vehicles and technological breakthroughs in areas like AI are leading to more intelligence in AGV solutions and expanding the scope of what an AGV can do. The rapid growth of the e-commerce sector and the paradigm shift in the automotive industry are other important driving factors.
Wireless communication systems used in industrial settings must ensure that information is sent and received within specific time frames. However, the nature of radio channels and Media Access Control (MAC) generate random communication delays. For networked control systems, these delays can lead to serious performance issues in automated guided vehicles.
COVID-19 has infected a number of essential workers in the United States, leading companies on the front lines to implement new safety processes. While the spread of the virus had been severe enough to warrant closures of, for example, food production facilities, many other businesses were able to continue operations with the addition of new health measures.

Main market trends

Retail will hold a large share of the market

Increasing globalization and the rise of online retailing and bulk retailing have increased the demand for Automated Guided Vehicles (AGVs) in the retail sector owing to their increasing deployment in the factories and warehouses. Service quality and customer satisfaction are the main competitive factors in the e-commerce market.
The companies offer a one-day delivery option with some additional charges. With increasing disposable income in advanced and emerging economies, the commercial viability of these schemes increases dramatically. E-commerce warehouses apply the one-day delivery method using AGV.
The deployment of AGVs in the retail sector has enabled companies to automate intralogistics tasks, such as sorting, picking and palletizing, thereby increasing efficiency. The adoption of AGVs by the e-commerce industry is increasing dramatically as incumbents attempt to deploy a reliable storage process and improve efficiency.
For example, Movexx AGV1000 can automatically connect and disconnect trolleys with two swivel castors and two fixed castors, and it is capable of moving a load of 1000 kg. It is a low-maintenance machine and features a quick-change battery system for 36Ah lithium batteries, making charging quick and easy.
Retailers like Amazon.com and Walmart are already using mobile robots in their warehouses and retail stores for functions such as inventory scanning, material handling and cleaning. Automated Guided Vehicles (AGVs) need operating systems and data collection and analysis tools that are robust and compatible with existing retail systems.

The United States holds a large share

The United States is one of the largest and most advanced markets for automated solutions in the world. The strength of the economy, with notable port traffic, increased e-commerce activity, and key manufacturing indices, all driving significant growth in manufacturing, is driving the demand for automated solutions in the country’s logistics industry.
Sectors such as retail, automotive, food and beverage, and pharmaceutical are the major sources of demand for automated guided vehicles in the country. Food and beverage is the largest industry and accounts for over 35% of all annual packaging shipments in the United States.
This creates a large demand for AGV equipment, such as automated forklifts, unit load AGVs, AGV tugs, assembly lines and special purpose products, which are widely deployed in food manufacturing establishments and drinks. Additionally, stringent food safety regulations and preference for low human intervention in the production process are expected to increase the demand for the food and beverage industry during the forecast period.
The country is witnessing the decline of medium-skilled occupations, such as jobs in manufacturing and production, and the growth of high and low-skilled occupations, such as managerial jobs on one side and jobs that help or care for others . This is now known as job polarization, which leads to the adoption of automation of various repetitive, manual and low-skilled tasks.
In addition, due to low vacancy and soaring warehouse rental prices, companies are gradually looking for smaller premises to rent for storage purposes. To optimize the productivity of these narrow spaces, they should soon deploy more automated solutions.

Competitive landscape

The North American automated guided vehicle market is competitive and comprises several major players. These major players holding a large share of the market are focusing on mergers and acquisitions, partnerships, and customer expansion in foreign countries. These companies rely on strategic collaborative initiatives to increase their profitability.

December 2021 – Lotus Cars Ltd introduced AGVs, robots and other advanced automation including assembly lines to improve flexibility and productivity. It brought the aluminum frame and steel sub-assembly manufacturing businesses together in a single facility to reduce production downtime and achieve operational efficiency.
April 2021 – JBT introduces the Warehouse Freezer AGV, which can operate from -10°F to 110°F. The Automated Guided Vehicle (AGV) features a three-stage hydraulic mast with integrated side shift and tilt and can lift 2,500 pounds. It also has a range of lift heights, ranging from 357 inches (or less) to 422 inches to the top of its forks. The AGV Warehouse Freezer can also move back and forth at up to 5.9 feet per second and has a minimum aisle width of 11.5 feet. It also includes a 48 VDC battery and two lift rates of 10 inches per second for lowering and 11 inches per second for raising. The freezer is the “last frontier” for AGVs, as part of a food machinery business.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06246196/?utm_source=GNW

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