Automated Guided Vehicle

Fact.MR Report – Potential impact of Coronavirus COVID-19 on the Automated Guided Vehicle Market

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Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Automated Guided Vehicle market during the historical period of 2014 – 2019. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2020 – 2030.

The global automated guided vehicle market is set to exhibit a stupendous 12.5% CAGR during the forecast period (2020 – 2030). Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Automated Guided Vehicle market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Automated Guided Vehicle market.

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Automated Guided Vehicle (AGV) Market Insights, Forecast to 2025

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An automated guided vehicle or automatic guided vehicle (AGV) is a portable robot that follows markers or wires in the floor, or uses vision, magnets, or lasers for navigation. They are most often used in industrial applications to move materials around a manufacturing facility or warehouse. Application of the automatic guided vehicle broadened during the late 20th century.

The growing need for automation in the material handling processes across sectors such as automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, and retail is the prime reason for the growth of the automated guided vehicle market. The growth in the flexible manufacturing system and the increasing demand for customized and intelligent AGVs creates opportunities for this market.

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

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The Automated Guided Vehicle (AGV) market was valued at 16200 Million US$ in 2018 and is projected to reach 33100 Million US$ by 2025, at a CAGR of 9.3% during the forecast period.