AGV (Automated Guided Vehicle) systems Industry Is Estimated To Move Ahead At A Cagr Of 9.70% From 2023 To 2030
AGV (Automated Guided Vehicle) systems in warehouses, manufacturing facilities, and distribution centers assist in moving and transporting items without manual intervention or any permanent conveying system. It follows configurable guide routes for picking, optimizing storage, and transport functions in the environment of premium space. AGVs are being actively adopted owing to several advantages, such as reduced product damage, labor costs, and increased productivity. These notable advantages encourage companies to deploy AGVs to boost the efficiency of their operations, driving the growth of the global automated guided vehicle market at 9.7% CAGR from 2023 to 2030. The market is expected to be valued at USD 9.18 billion by 2030. Technological and engineering innovations by automated guided vehicle manufacturers are also expected to play a significant role in the further development of the market. For instance, in May 2023, KUKA AG launched the KMP 600-S diffDrive mob...