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Automated Guided Vehicle Market worth 2.68 Billion USD by 2022

Automated Guided Vehicle Market worth 2.68 Billion USD by 2022

The overall automated guided vehicle market is expected to reach USD 2.68 Billion by 2022, at a CAGR of 9.34% between 2017 and 2022. The growth of this market is propelled by the advancements in automation, emphasis on workplace safety and higher productivity, and increasing government initiatives in the process and manufacturing industries to track their material handling processes. The growth in flexible manufacturing systems and the increasing demand for customized and intelligent AGVs are creating opportunities for this market.

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Global Automated Guided Vehicle (AGV) Market Analysis Report, 2019-2025

Global Automated Guided Vehicle (AGV) Market Analysis Report, 2019-2025

Automated Guided Vehicle (AGV) market is estimated to be one of the most lucrative markets in the automotive sector and projected to grow at a significant rate during the forecast period 2019-2025. Rising automation demand in material handling across industries, emerging e-commerce industry, and the growing requirement for workplace safety standards. Automated guided vehicles are programmed to ensure safety & security and equipped with cameras, lasers, and other sensors which allow them to operate within the industry, plant, or company safely.

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Global Automated Guided Vehicle (AGV) Market Analysis Report, 2019-2025

Global Automated Guided Vehicle (AGV) Market Analysis Report, 2019-2025

According to BlueWeave Consulting, Global Automated Guided Vehicle (AGV) Market is projected to exhibit significant growth during 2019-2025. Modernization and globalization are leading to the adoption of the latest technology across sectors and enhancing the growth of the market. The flexible route mapping, easy implementation, high accuracy, and easy scalability are some of significant factors leads to the rising demand of AGV in global market. Industrial automation helps reduce inventory damages and improve material handling in production facilities, fueling the demand in the global AGV market.

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Automated Guided Vehicle Market Share by Manufacturers and Forecast till the end 2025

Automated Guided Vehicle Market Share by Manufacturers and Forecast till the end 2025

Automated guided vehicles are programmed to ensure safety & security and equipped with cameras, lasers, and other sensors which allow them to operate within the industry, plant, or company safely. Their usage simplifies work processes and reduces the burden of repetitive work for humans, thereby improving their quality of life.

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