Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025

4.8
Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025
4 Min Read

Automated Guided Vehicle Market (AGV) with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet

Automated Guided Vehicle Market (AGV) with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025

According to the new market research report "Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025", is projected to grow from USD 2.3 billion in 2020 to USD 3.6 billion by 2025; it is expected to grow at a CAGR of 9.3% from 2020 to 2025. The key factors fueling the growth of the market include growing demand for automation in material handling across industries, improved safety standards at workplaces, and shift in demand from mass production to mass customization. Additionally, integration of industry 4.0 with robotics is also augmenting the growth of the AGV market.

Browse 157 market data Tables and 43 Figures spread through 208 Pages and in-depth TOC on "Automated Guided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automated-guided-vehicle-market-27462395.html

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the AGV market and other dependent submarkets listed in this report.

• The key players in the industry and markets have been identified through extensive secondary research.

• Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.

• All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

lTo know about the assumptions considered for the study, download the pdf brochure

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

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