Global Automated Guided Vehicle Market to Expand Rapidly with Rising Automation in Material Handling
The global Automated Guided Vehicle (AGV) market is witnessing strong growth as industries increasingly adopt automation for material handling, warehousing, and logistics operations. According to Market Intelo’s latest report, the AGV market was valued at USD 4.1 billion in 2022 and is projected to reach USD 10.8 billion by 2032, growing at a robust CAGR of 10.2% from 2023 to 2032. The rapid shift toward Industry 4.0, e-commerce growth, and the need for operational efficiency are driving the global demand for AGVs across diverse industries.
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