Automated Guided Vehicle (AGV) Market 2022-2030: Increased Safety Of The Vehicles Leads To Reduced Operational Cost And Downtime
The Automated Guided Vehicle (AGV) market is expected to grow from USD 3.00 Billion in 2021 to USD 5.46 Billion by 2030, at a CAGR of 7.1%. The crucial factors that drive the growth of the AGV market include increasing demand for automation in the handling of materials across industries, the emerging e-commerce industry, increasing requirements for safety standards in the workplace and increased productivity due to improved supply chain processes. High initial costs can be a major concern for those who consider the deployment of automated guided vehicles, which can lead to long - term high return on investment (ROI). Low labor costs in emerging countries and technical challenges in real time can create more problems for AGV manufacturers. The report provides a panoramic view of the market with special focus on key insights of the business sphere on regional as well as global scale and provides key statistical details including market size, market share, revenue growth rate,