Automated Guided Vehicle Market Performance Examined & Projected by MarketsandMarkets in Its Cutting-Edge Report Available at MarketPublishers.com08 Apr 2016 • by Natalie Aster
LONDON – Global market for automated guided vehicles is currently on the rise. The market value is poised to register a 10.2% CAGR during 2016-2022, and by 2020 will likely reach USD 2.81 billion. Key market growth drivers include rising concerns about workplace safety, advances in automation technologies, continued efforts to reduce operational costs and increasing necessity to enhance overall performance.
Presently, the automotive industry makes the largest contribution to the global economy; this industry attracts investments from all over the world, which in terns opens a range of opportunities for automated guided vehicle market players. Through 2022, the highest growth rates are expected to be registered in the aerospace industry.
Europe is the biggest regional market for automated guided vehicles; this regional market is likely to continue holding its dominant position in the near future. However, the highest CAGR is expected to be recorded in the APAC region.
Cutting-edge research publication “Automated Guided Vehicle Market” prepared by MarketsandMarkets gives information on historical evolution, current performance and possible future trends and prospects of the global automated guided vehicle market at different geographical scales. It examines the competitive landscape, provides data on the top players, and also contains detailed analysis of the major market growth drivers, restraints, challenges and opportunities.
Automated Guided Vehicle Market by Type (Unit Load Carrier, Tow Vehicle, Pallet Truck, Assembly Line Vehicle), Navigation Technology (Laser, Magnetic, Inductive, Optical Tape), Battery Type, Industry, Application, & Region - Global Forecast to 2022
Published: March, 2016
Price: US$ 4,650.00
For more reports by MarketsandMarkets, please, follow to this catalogue.