Speedy Expansion of the E-commerce Industry to Drive the Market in Asia-Pacific Thus, AGVs offer a slew of advantages in terms of productivity and efficiency, which bodes well for the AGV market revenue. Even more important is the fact that deploying AGVs in hazardous environments, such as handling of toxic chemicals, can reduce the incidence of industrial accidents. Furthermore, AGVs, once connected and synched with warehouse management system, can effectively monitor inventory, thereby removing the need to hire extra personnel to do inventory work. As a result, they not increase productivity but also bring down utility costs. For example, AGVs can operate 24/7 without rest, something that humans cannot do. One of the main automated guided vehicles market trends is the increasing uptake of AGVs across industries owing to their high efficiency. The promise of Enhanced Efficiency to Propel the Market Request a Sample Copy of the Global Market Research Report: In-depth assessment of the market restraints.A comprehensive evaluation of the regional and competitive dynamics of the market and.360-degree overview of the general industry outlook.An exhaustive study of the different market segments.Detailed analysis of the market share, size, and figures and the factors shaping them.The other highlights of the report include: As per the report, the value of this market was at USD 1.53 billion in 2021. The Automated Guided Vehicle Market Report Profiles the Following Players:įortune Business Insights shares the above information in its report, titled “Automated Guided Vehicles (AGV) Market Size, Share & Industry Analysis, By Type (Unit Load Carrier, Forklift Truck, Mobile Robots, and Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided and Others), By Application (Transportation & Distribution, Storage & Assembly, Packaging), By Industry (Automotive, Food & Beverage, E-Commerce and Others) and Regional Forecast, 2021-2028”. AGVs are a prelude to the adoption of full-fledged AI-powered technologies in any industry and as automation gains ground, the AGV market demand will remain steady.Ĭlick here to get the short-term and long-term impact of COVID-19 on this Electrolyzer Market. Furthermore, the manufacturing, logistics, and retail sectors will have the highest potential for automation by 2028, notes the WEF. For example, the World Economic Forum (WEF) estimates that by 2035, only 35% of working hours will be spent on manual routine jobs that currently take up 48% of work time. Automated technologies are taking industries by storm and their future looks immensely promising. Automation in industrial processes is primarily based on the integration of Artificial Intelligence-based technologies such as Internet of Things (IoT) with the existing infrastructure. A rising tide of industrial automation is likely to emerge as the central factor driving the growth of this market in the coming decade. 22, 2021 (GLOBE NEWSWIRE) - The global " automated guided vehicle (AGV) market size" is slated to reach USD 3.14 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period.
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