Global Automated Guided Vehicle Market is Expected to Reach $8.706 billion by 2022.

Report Sellers has added a new market research report “Automated Guided Vehicle - Forecasts From 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

According to the report, Global Automated Guided Vehicle Market is projected to expand at a CAGR of 10.06% over the forecast period to reach US$8.706 billion by 2022. Automated Guided Vehicles (AGVs) are typically used where a high volume of repetitive movement of material is required without any or little human interference.Rising concerns regarding workers safety coupled with stringent government regulations for the same is driving the demand for automated guided vehicles across various industry verticals globally.

Growing warehousing and logistics industry is further fueling the demand for AGVs in order to improve material tracking with computerized vehicles as well as reliable delivery of raw materials from warehouses to manufacturing units. In Europe, the demand for AGVs is escalating on account of rising labor costs while APAC Automatic Guided Vehicle market is anticipated to witness the fastest growth due to rapid industrialization, growing e-commerce sector, and increasing investment in infrastructure.

Browse through the complete description and in-depth TOC on “Automated Guided Vehicle”
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Report Scope

Automated Guided Vehicle Market has been segmented based by product, industry vertical and geography as follows:

By Product
Towing Vehicles
Unit Load Vehicles
Fork Trucks
Hybrid Vehicles
Assembly Line Vehicles
Others

By Industry Vertical
Manufacturing
Healthcare
Chemical
Paper
Food and Beverage
Warehousing
Others

By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific

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