Automated Guided Vehicle Market Growth Is Fueled by the Rising Demand for Automation in Material Handling Across Industries
The AGV market growth is fueled by the rising demand for automation in material handling across industries, emerging e-commerce industry, increasing requirement for improved workplace safety standards, and growing productivity due to improved supply chain processes. The AGV market is expected to grow from USD 1.86 billion in 2018 to USD 2.74 billion by 2023, at a CAGR of 8.02% between 2018 and 2023.
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