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Automated Forklift Type Segment to Act as Key Drivers for Cold Storage AGV Market, Says Fact.MR

Market Overview of the Global Cold Storage AGVs Market
A variety of factors such as online shopping, updated delivery times, regulatory changes, and newer production technologies are driving the cold storage AGV market. In cold storage facilities, throughput speed is critical. As a result, cold storage AGVs are quickly becoming common in them in order to maximise it. Cold storage AGVs can effectively pick, move, and transport items in a frozen facility due to the presence of special equipment as well as on-board heaters. Cold storage AGVs can operate for longer periods of time, with the exception of a few minutes every few hours to swap out a battery.

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The automotive industry is experiencing rapid growth in demand.

Geographically, the global Cold Storage AGV Market can be divided into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, the Middle East, and Africa.

Products in the global Cold Storage AGV Market are classified as bio-based leather, PU synthetic leather, and PVC-based synthetic leather, with PVC-based synthetic leather accounting for one-third of the total market. Microfiber synthetic leather has a wide range of applications. They can be found in clothing, furniture, bags, and automobiles. Individuals with more disposable income can splurge on luxury items to create status symbols. The furnishings segment has experienced rapid growth and is expected to dominate the market from 2022 to 2031.

Cold Storage AGVs Market: Competition Analysis

During the forecast period, the cold storage AGV market in APAC is expected to grow at the fastest CAGR. The major contributors to the growth of the cold storage AGVs market are America, China, and Japan. Rapid growth in the food and beverage and healthcare industries in developing countries such as China, India, and South Korea has contributed to the expansion of the APAC cold storage AGV market.

Furthermore, governments in APAC countries are increasingly emphasising the importance of safety and security in cold storage facilities, which can be best achieved by increasing the use of cold storage AGVs. The cold storage AGV market is expanding rapidly in countries such as China and Japan, owing to increased investments in installation by manufacturers and suppliers.

Global Cold Storage AGVs Market: Market Segmentation

Cold storage AGV market can be segmented on the basis of the following:

By product type, the cold storage AGV market can be segmented as,

  • Unit Load Type
  • Automated Forklift Type
  • Tugger Type
  • Heavy duty AGV
  • Others

By application of cold storage AGVs, the cold storage AGV market can be segmented as,

  • Transportation
  • Storage
  • Distribution
  • Assembly
  • Others

By end use industry, the cold storage AGV market can be segmented as,

  • Food & Beverages
  • Healthcare
  • Electronics
  • Others

By area of operation of cold storage AGVs, the cold storage AGV market can be segmented as,

  • Warehouse
  • Production Line

By navigation technology used in cold storage AGVs, the cold storage AGV market can be segmented as,

  • Laser Guidance
  • Magnetic Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Vision Guidance
  • Others (Dead Reckoning Guidance, Inertial Guidance, and Beacon Guidance)

Cold Storage AGVs Market: Regional Analysis

During the forecast period, the cold storage AGV market in APAC is expected to grow at the fastest CAGR. The major contributors to the growth of the cold storage AGVs market are America, China, and Japan. Rapid growth in the food and beverage and healthcare industries in developing countries such as China, India, and South Korea has contributed to the expansion of the APAC cold storage AGV market.

Furthermore, governments in APAC countries are increasingly emphasising the importance of safety and security in cold storage facilities, which can be best achieved by increasing the use of cold storage AGVs. The cold storage AGV market is expanding rapidly in countries such as China and Japan, owing to increased investments in installation by manufacturers and suppliers.

The following key insights are included in the report:

  • An in-depth assessment of the leading market players in the Cold Storage AGV Market
    • A regional analysis of the various market segments and sub-segments
    • Recent mergers, acquisitions, collaborations, partnerships, and research and development activities.
    • Y-o-Y revenue growth of the Cold Storage AGV Market during the forecast period

The Cold Storage AGVs Market Report Covers Exhaustive Analysis On:

  • Market Segments in the Cold Storage AGVs Market
  • Cold Storage AGVs Market Dynamics
  • Cold Storage AGVs Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology in the Cold Storage AGVs Market
  • Value Chain of the Cold Storage AGVs Market

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