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As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Million in 2021, growing at an impressive 7.9% CAGR through 2031.

Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at 7.9 during forecast period.

Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability.

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Reduction in labor costs, human errors, and round-the-clock accessibility of AGVs are key factors increasing the adoption within end-use industries.

Expansion of automotive, consumer goods, retail, and oil & gas industries in developed countries such as the U.S., the U.K., and Germany will continue to boost sales. This will allow AGV manufacturers to focus on capacity expansion, creating growth opportunities over the coming years.

Expansion of production facilities across India, China, South Korea, and Brazil also will boost the AGV sales. Deployment of AGVs to streamline operations with reduced costs and added productivity will also aid the growth in these economies.

“Growing need for industrial automation is expected to boost the adoption of AGVs over the coming years. With increasing adoption of AGVs within automotive, healthcare, logistics, and e-commerce industry, key players will witness lucrative growth opportunities during the forecast period,” says the FMI analyst

Key Takeaways from Automated Guided Vehicle Market Survey

In terms of technology, laser-guided AGVs will dominate the segment due to their highly accurate navigation systems.
Based on end-use, logistics sector will generate high demand for automated guided vehicles.
Increasing application in transportation will foster the AGV sales during the forecast period
Tow vehicles will emerge as the most preferred vehicle type in the automated guided vehicle market.
The U.S. is projected to witness high demand for automated guided vehicles, owing to the presence of various end-use industries.
The U.K. will showcase a positive demand outlook, due to expansions in the automotive and eCommerce industry.
China will provide lucrative opportunities for AGV manufacturers due to high production volumes in manufacturing industries prevailing in the country.
India will experience demand for automated guided vehicles, owing to the increasing adoption of industrial automation within logistics sector.
Competitive Landscape

JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc., Kion Group AG, Oceaneering International Inc., Transbotics Corporation, AGVE Group, Inc., Seegrid Corporation, Murata Machinery, AVT Europe NV, SSI Schaefer, Toyota Industries Corporation, Cassioli Srl, Robotnik, Mecalux, S.A, Kollmorgen, Bastian Solutions, Inc., and E&K Automation GMBH are some top manufactures operating in the automated guided vehicle market.

As per FMI’s analysis, key manufacturers will account for approximately 43% of the total market share. Key strategies leveraged by players in the automated guided vehicle market include production facility expansions, coupled with strategic partnerships aimed at product innovation to support the growing demand for AGVs.

In May 2021, Daifuku Co. Ltd. announced the establishment of a new production facility in Boyne City, Michigan. The production plant will facilitate the manufacturing of AGVs for airports, automotive, and eCommerce industries, including world-famous Amazon.
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Automated Guided Vehicle Market by Category

By Technology Type:

Laser Guidance
Magnetic Guidance
Infrared Guidance
Wire Guidance
Inertial Guided
Optical Guided
By Application Type:

Transportation
Distribution
Storage

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Kitchen Countertop Market to 2025
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Blockchain technology in healthcare market Analysis and Trends by 2022-2035

Given the potential of blockchain to optimize process timelines, while ensuring data privacy and integrity, this technology has garnered significant attention within the pharmaceutical industry

Roots Analysis is pleased to announce the publication of its recent study, titled, “Blockchain Technology in Healthcare Industry (Focus on Drug Discovery and Clinical Trials Market), 2023-2035” report to its list of offerings. The study presents an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this domain, across different geographies.


Amongst other elements, the report includes:
 An executive summary of the insights captured during our research.
 A general overview of blockchain, along with information on the type of blockchain, advantages and future perspective.
 A detailed assessment of the overall market landscape of blockchain technology providers.
 A competitiveness analysis of Blockchain Technology Providers, based on supplier strength, portfolio diversity and portfolio strength.
 Elaborate profiles of prominent players providing blockchain technology, across North America, Europe and Asia-Pacific.
 An analysis of the partnerships that have been established in this domain, in the recent past.
 A detailed review of more than 500 peer-reviewed, scientific articles related to research on blockchain.
 A discussion on affiliated trends, key drivers, and challenges under a SWOT framework.
 A case study highlighting the applications of blockchain across various industries.
 A detailed market forecast, featuring analysis of the current and projected future opportunity across key market segments (listed below):
 Type of Blockchain
 Public Blockchain
 Private Blockchain
 Hybrid Blockchain
 Other Blockchains

 Type of End-User
 Hospitals
 Pharmaceutical Industry
 Research Institutes
 Academic Institutes

 Key Geographical Regions
 North America
 Europe
 Asia-Pacific
 Rest of the World

Key companies covered in the report
 Alten Calsoft Labs
 ConsenSys
 Humanscape
 Hyperledger Foundation
 IBM
 Infosys
 Innoplexus
 Medsphere
 Solulab
 Stratumn
 Tech Mahindra

To view more details on this report, click on the link:
https://www.rootsanalysis.com/....reports/blockchain-t

You may also be interested in the following titles:
Cell Therapy Manufacturing Market
Global TCR Therapy Market


About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.

Contact:
Ben Johnson
+1 (415) 800 3415
Ben.johnson@rootsanalysis.com

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The global graphene market size was valued at USD 269.6 million in 2021. The market is projected to grow from USD 337.0 million in 2022 to USD 2,172.2 million by 2029, exhibiting a CAGR of 30.5% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.”

Information Source - https://www.fortunebusinessins....ights.com/graphene-m

Segments:

GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries

Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others.

GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029.

Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material

In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others.

Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing.

Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective.

Drivers and Restraints:

Growing Product Penetration in the Electronics Industry to Aid Growth

Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power.

Regional Insights:

Asia Pacific to Dominate Backed by Favorable Government Policies

Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region.

The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region.

The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities.

Competitive Landscape:

Partnerships among Companies to Secure their Brand Values in Global Market

Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.

Key Industry Development:

July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection.

List of Key Players Mentioned in the Report:

Haydale Graphene Industries plc (U.K.)
Graphenea (U.S.)
ACS Material (U.S.)
XG Sciences (U.S.)
Global Graphene Group (U.S.)
Applied Graphene Materials (U.K.)
Grolltex Inc (U.S.)
Directa Plus S.p.A (Italy)
NanoXplore Inc. (Canada)
Thomas Swan & Co. Ltd. (K.)
First Graphene (Australia)
Talga Group (Australia)
Graphite Central (U.S.)