Automated Guided Vehicle (AGV) Market Size was valued at USD 3.32 billion in 2022 and is expected to reach USD 6.59 billion by 2030 and grow at a CAGR of 8.95% over the forecast period 2023-2030.
The Automated Guided Vehicle (AGV) market is rapidly gaining traction as industries increasingly embrace automation for enhanced efficiency and productivity. AGVs, equipped with advanced navigation and sensing technologies, are revolutionizing material handling and logistics by seamlessly transporting goods within facilities. The market is witnessing robust growth fueled by the rising demand for flexible and cost-effective automation solutions across various sectors such as manufacturing, warehousing, and healthcare. As companies recognize the need for streamlining their internal processes, AGVs emerge as a versatile solution, offering a smart and agile approach to material handling that not only reduces manual labor but also optimizes workflow, ultimately contributing to a more connected and automated future.
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