Automated Guided Vehicle Market Size, Trends And Worldwide Outlook To 2030
Posted by sachi kaushik on March 23rd, 2021
Logistics and transportation departments across industries are utilizing automated guided vehicles to move items in production facilities, warehouses, and distribution centers. The global automated guided vehicle market is set to exhibit a stupendous 12.5% CAGR during the forecast period (2020 – 2030). Innovation and new developments in installation, control, and monitoring of automated guided vehicles will continue to garner traction. The rising importance of reducing carbon emission by introducing energy efficient intermediate manufacturing processes acts as a central growth driver for the automated guided vehicles market.
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Key Takeaways of Automated Guided Vehicles Market Study
Collaborative Innovation to Differentiate Product Offerings
Strategic partnerships to collaborate and develop innovative products shape the competitive landscape. Advancements in industry 4.0 technologies such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI) give automated guided vehicle manufacturers a competitive edge. For instance, artificial intelligence systems help automated guided vehicles to avoid accidents and ensure the safety of laborers working with them. The Internet of things on the other hand helps provide instant control over automated guided vehicles. Market players are targeting high-growth potential regions such as Asia Pacific owing to the increasing penetration of e-commerce and digital services.
Find More Valuable Insights on Automated Guided Vehicle Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the automated guided vehicle market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automated guided vehicle market on the basis of vehicle type (tow vehicle, unit load carriers, pallet trucks, assembly line vehicles, forklift trucks, and other types), navigation technology (laser guidance, magnetic guidance, inductive guidance, optical tape guidance, vision guidance, and others), battery (load battery, lithium ion battery, nickel based battery, and others), application (transportation, storage, distribution, assembly, packaging, and waste handling), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
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About the Authorsachi kaushik
Joined: January 19th, 2021
Articles Posted: 120
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