With the AGV market expected to grow at a 50% compound annual growth rate (CAGR) for the next four years, (from an already expanding value of USD $3.66 billion in 20181), it’s easy to forget that these vehicles have grown from a niche market to one of the fastest growing segments in the service robotics industry.
Indeed, only a decade ago, just two main applications were common for automated guided vehicles: moving pallets in warehouses (intralogistics), and in manufacturing (primarily the production of cars).
However, a number of factors, from the rising demands of e-commerce, to the potential productivity, flexibility and cost saving advantages that automated technologies offer, mean that the next ten years will be just as transformational.
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With the automated guided vehicle market set to boom in the coming decade, now is the time to carefully consider your automated vehicle strategy in order to unlock efficiency, flexibility and cost savings for your organization.
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