Latest industry research report on Automated Guided Vehicle Market. Automated guided vehicles (AGVs) have wide-spread applications in material handling across various industries such as automotive, manufacturing, F&B, aerospace, healthcare, logistics, retail, and others, to address the growing need for automation in material handling.
The growing demand of material handling equipment to enhance operational efficiency in industrial processes along with rising cost of skilled labor are key factors that drive the growth of the market. Ensuring work safety across industries and enhancing high productivity are other factors that are expected to boost the growth of the AGVs market.
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Huge capital investments coupled with very low cost related with legacy material handling equipment are key factors that hinder the growth of the market. Flexible manufacturing system along with increasing demand for smart & customized AGVs are the factors that will offer ample growth opportunities to the market. The reduced time-to-market is a key market challenge that needs to be overcome by the players to gain a stronghold in the market.
The report segments the world automated guided vehicles (AGVs) on the basis of industry vertical, application and geography
World Automated Guided Vehicle Market By Type
- Unit Load Carrier
- Tow Vehicles
- Pallet Trucks
- Assembly Line Vehicles
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World Automated Guided Vehicle Market By Industry Vertical
- Automotive Industry
- Food & Beverage
World Automated Guided Vehicle Market By Application
World Automated Guided Vehicle Market By Geography
- North America
- Asia-Pacific (APAC)
- Latin America, Middle East & Africa (LAMEA)
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