The Fortune Business Insights Research Company recently published a detailed research titled Global Automated Guided Vehicle Market Size 2025: Trends Analysis with Forecast 2025. This current market research study contains a plethora of useful insights and data, such as worldwide market size, regional shares, and competitor market share. Additionally, it discusses current trends, future opportunities, and critical statistics for market success.

The Automated Guided Vehicle (AGV) Market includes autonomous vehicles used for material handling and transport within warehouses and manufacturing facilities. The market's growth is driven by advancements in navigation technologies and the increasing need for efficient, error-free material handling systems that reduce labor costs and improve operational efficiency.

In summary, Fortune Business Insights™’s latest report on the Global Automated Guided Vehicle Market is a must-read for any industry

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Forecast Growth Projected:

The global automated guided vehicle market size was valued at USD 2.12 billion in 2022 and is projected to grow from USD 2.30 billion in 2023 to USD 4.43 billion by 2030, exhibiting a CAGR of 9.8% during the forecast period. North America dominated the automated guided vehicle market with a market share of 29.24% in 2022.

List of the Major Key Players in the Automated Guided Vehicle Market:

• Oceaneering International Inc (U.S.)

• Toyota Advanced Logistics (Japan)

• Daifuku Co., Ltd. (Japan)

• KION GROUP AG (Germany)

• Dematic (U.S.)

• Hyster-Yale Materials Handling, Inc., (U.S.)

• JBT (U.S.)

• Mitsubishi Caterpillar Forklift America Inc. (U.S.)

• Crown Equipment Corporation (U.S.)

• Seegrid Corporation (U.S.)

Key Industry Devlopments in the Automated Guided Vehicle Market:

• April 2023: Oceaneering announced that its Mobile Robotics group launched a new guiding software for its fleet of autonomous mobile robots.

• March 2023: Dematic announced the delivery of the newest warehouse automation technology to subsidiary KION Group at its site in Germany.

• January 2023: The KION Group stated that they intend to introduce their own 24 V fuel cell system for warehouse equipment to the market in the spring of 2023.

Segmentation:

By Type

• Tow Vehicles

• Automated Forklift Trucks

• Underride/Tunneling Vehicles

• Assembly Line Vehicles

• Others (Unit Load Carriers)

By Navigation Technology

• Laser Guided

• Magnetic Guided

• Vision Guided

• Others (Wire Guided)

By Application

• Transportation & Distribution

• Storage & Assembly

• Packaging

By Industry

• Automotive

• Food & Beverage

• E-commerce

• Others (Healthcare)

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What are the New Additions in Automated Guided Vehicle Market Report?

Comprehensive Market Analysis: The 2023 study offers a comprehensive industry analysis, including important market trends, development drivers, challenges, and opportunities. It covers several industrial sectors and provides information on market size, share, and segmentation.

Company Profiles: The study contains detailed information on significant industry participants. It provides thorough profiles of these organizations, focusing on their financial performance, product portfolios, strategic objectives, alliances, and competitive landscape research.

Customization and Analyst Support: The report provides customized services and analyst help upon request. This might involve custom research, particular data requirements, or unique insights depending on the client's needs and preferences.

Recent Market Developments: The report reflects the most recent market developments that have transpired since the last edition. It contains recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other major events that have shaped the industrial landscape.

Futuristic Growth Opportunities: The research examines and provides potential for future growth in the sector. It delves into developing technologies, industry trends, consumer preferences, and regulatory variables that are projected to fuel development and innovation in the next years.

Regional/Country Reports: In response to particular requests, the report provides tailored regional or country-specific analyses. This allows for a better grasp of market dynamics, the competitive environment, and prospects within a certain area or nation.

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