Global Automated Guided Vehicle (AGV) Market 2020-2024

Global Automated Guided Vehicle (AGV) Market 2020-2024

  • August 2020 •
  • 120 pages •
  • Report ID: 4838962 •
  • Format: PDF
Global Automated Guided Vehicle Market 2020-2024
The analyst has been monitoring the automated guided vehicle market and it is poised to grow by $ 1.19 bn during 2020-2024 progressing at a CAGR of 10% during the forecast period. Our reports on automated guided vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rapid growth in e-commerce retail, growing adoption of automation in manufacturing process, and need to improve warehouse operational efficiency. In addition, rapid growth in e-commerce retail is anticipated to boost the growth of the market as well.
The automated guided vehicle market analysis includes product segment and geographical landscapes.

The automated guided vehicle market is segmented as below:
By Product
• Unit load carrier
• Tow vehicle
• Pallet truck
• Assembly line vehicle
• Others

By Geographic Landscapes
• Europe
• North America
• South America

This study identifies the growing adoption of industry 4.0 as one of the prime reasons driving the automated guided vehicle market growth during the next few years. Also, rising warehouse automation and growing applications of AGVS in refrigerated warehousing and semiconductor industries will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automated guided vehicle market covers the following areas:
• Automated guided vehicle market sizing
• Automated guided vehicle market forecast
• Automated guided vehicle market industry analysis