Automated Guided Vehicles (AGV) Market Key Players and Forecast by 2030

The automated guided vehicles (AGV) market size is expected to reach US$ 11.84 billion by 2030 from US$ 4.53 billion in 2022, with an estimated CAGR of 12.7% from 2022 to 2030.

Analyst Perspective:

One of the key factors driving the automated guided vehicles (AGV) market is the ongoing revolution in automation and Industry 4.0. As industries embrace digitization and smart manufacturing processes, integrating AGVs into existing systems becomes a logical step to optimize production and logistics workflows. AGVs can seamlessly connect with other machinery and software systems, allowing for synchronized and streamlined operations, thereby enhancing productivity and throughput. Industry 4.0 also aims to create an operational environment wherein humans and robots can work together efficiently in warehouses. For instance, DHL Supply Chain, a contract logistics leader within Deutsche Post DHL Group, uses AGVs and robots in its warehouses for picking. The company collaborated with Robomotive, a Dutch industrial automation company, to develop a robot cell capable of depalletizing, picking, and order fulfillment functions.

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