Automated Guided Vehicles (AGV) Market Latest Advancements And Business Opportunities up to 2033Posted by Research23 on June 26th, 2023 According to a recent automated guided vehicles market analysis conducted by Future Market Insights (FMI), the increased demand for effective material handling solutions has considerably boosted sales of automated guided vehicles. Overall revenues are likely to be valued at US$ 1126.7 million in 2023 as a result of this. Surging applications in areas such as logistics, food and beverage, healthcare, and production might ensure that autonomous guided vehicles continue to flourish. Based on this, FMI expects the market for automated guided vehicles to expand at a CAGR of 8% between 2023 and 2033. In automated guided cars, sophisticated technologies such as telematics services and laser, magnetic, infrared, and optical navigation are being deployed. Wireless communication is gaining popularity because it improves position monitoring precision. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 [𝐅𝐫𝐞𝐞]: Global industrialization is driving up demand for autonomous guided vehicles in the oil and gas, transportation, and construction industries. Moreover, the increasing demand can be attributable to advanced features provided by automated guided vehicles, such as fuel efficiency and customized material handling, which is going to influence the market's sales outlook. Automated guided vehicles are scalable as compared to fixed equipment. Instead of investing in cumbersome stationary conveyors, producers can add a fleet of automated guided vehicles to reduce operational time and boost production as demand for automation grows. Key Takeaways
Competitive Landscape Leading players are focusing on expanding their already extensive product offerings. Increasing expenditure in research to develop improved products is another key strategy for market players to preserve their market position.
Key Companies Profiled
For more insights: https://www.futuremarketinsights.com/reports/automated-guided-vehicles-market More Valuable Insights Future Market Insights, in its new offering, presents an unbiased analysis of the global automated guided vehicles (AGV) market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033. The study reveals essential insights by Technology Type (Laser Guidance, Magnetic Guidance, Infrared Guidance), Application Type (Transportation, Distribution, Storage), Vehicle Type (Unit Load Carrier, Pallet Truck, Assembly Line Vehicle), End Use (Logistics, Healthcare, Automotive) & Region. Automated Guided Vehicle Market by Category By Technology Type:
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