DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automated Guided Vehicles Market - Forecasts from 2017 to 2022" report to their offering.
Global Automated Guided Vehicle Market is projected to expand at a CAGR of 10.06% over the forecast period to reach US$8.706 billion by 2022.
Automated Guided Vehicles (AGVs) are typically used where a high volume of repetitive movement of material is required without any or little human interference. Rising concerns regarding workers' safety coupled with stringent government regulations for the same is driving the demand for automated guided vehicles across various industry verticals globally.
Growing warehousing and logistics industry is further fuelling the demand for AGVs in order to improve material tracking with computerized vehicles as well as reliable delivery of raw materials from warehouses to manufacturing units. In Europe, the demand for AGVs is escalating on account of rising labor costs while APAC Automatic Guided Vehicle market is anticipated to witness the fastest growth due to rapid industrialization, growing e-commerce sector, and increasing investment in infrastructure.
Key 5 industry players profiled as part of this section are Daifuku Co., Ltd., Swisslog Holding AG, Terex, DEMATIC, and BEUMER Corporation.
- Towing Vehicles
- Unit Load Vehicles
- Fork Trucks
- Hybrid Vehicles
- Assembly Line Vehicles
By Industry Vertical:
- Food and Beverage
For more information about this report visit http://www.researchandmarkets.com/research/tccn8n/automated_guided