logo
logo
Sign in

Automated Guided Vehicle Market Research Report - Global Forecast to 2025

avatar
Rishikesh Kurane
Automated Guided Vehicle Market Research Report - Global Forecast to 2025

Global Automated Guided Vehicle Market Research Report: Information by Vehicle Type (Tow Vehicles, Unit Load Carriers, Fork Lift Vehicles, Pallet Trucks, Assembly Line Vehicles, and Others), by Technology (Traditional Guidance, Laser Guidance, Natural Features Guidance, Inductive Guidance, and Vision Guided Vehicle), by Application (Transportation, Distribution, Assembly, Roll Handling, and Others), by Industry (Automotive, Electrical & Electronics, Logistics & Distribution, Pharmaceuticals, Plastics & Polymers, Food & Beverage, and Others), and by Region - Forecast till 2025

An automated guided vehicle (AGV) is a moveable robot that trails along marked lines or wires on the floor, or uses radio waves, vision cameras, magnets, or lasers for navigation.

AGVs offer various benefits, including minimal human operation, less injuries, efficiency, and a high return on investment.

The global automated guided vehicle (AGV) market is expected to grow at a CAGR of 7.8% over the forecast period.

The growing e-commerce industry, increasing adoption of industrial automation by small and medium scale enterprises (SMEs), rising demand for automation in material handling due to growing industrial sectors, expansion of the manufacturing sector in Asia Pacific, increased safety regulations in the workspace, and the growing concern over the safe transport of all types of products and materials are some of the key factors driving the global market.

However, the rapid industrialization and urbanization, the growing smart AGV network, and the increasing integration of industrial automation solutions are providing an ample opportunity for growth of this market.

collect
0
avatar
Rishikesh Kurane
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more