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Automated Guided Vehicle Market to Reach $13.52 Bn, Globally, by 2027 at 16.6% CAGR: AMR


 by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others), Application (Transportation, Distribution, Storage, Assembly, Packaging, and Waste Handling), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, and Others), and Mode of Operation (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global automated guided vehicle market size was valued at $5.21 billion in 2019, and is projected to reach $13.52 billion by 2027, registering a CAGR of 16.6% during the forecast period. 
Drivers, restraints, and opportunities
Growth in demand for automation and automated guided vehicles (AGVs) in various industries, decrease in labor costs in various organization, and rise in safety, accuracy, and prod ....

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