Automated Guided Vehicle Market (AGV) with COVID-19Impact Analysis, by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks,Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025
According to the new market research report "AutomatedGuided Vehicle (AGV) Market with COVID-19 Impact Analysis, byType (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly LineVehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025", is projected to grow from USD 2.3billion in 2020 to USD 3.6 billion by 2025; it is expected to grow at a CAGR of 9.3% from 2020 to 2025. The key factors fueling the growth of the market include growing demand for automation in material handling across industries, improved safety standards at workplaces, and shift in demand from mass production to mass customization. Additionally, integration of industry 4.0 with robotics is also augmenting the growth of the AGV market.
Browse 157 market data Tables and 43 Figuresspread through 208 Pages and in-depth TOC on "AutomatedGuided Vehicle (AGV) Market with COVID-19 Impact Analysis, by Type (TowVehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology, Industry, and Geography - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automated-guided-vehicle-market-27462395.html
- Market Size Estimation
Inthe complete market engineering process, both top-down and bottom-up approacheshave been implemented, along with several data triangulation methods, to estimate and validate the size of the AGV market and other dependent submarkets listed in this report.
The key players in the industry and markets have been identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- lToknow about the assumptions considered for the study, download the pdf brochure
Data Triangulation
Afterarriving at the overall market size, the total market has been split intoseveral segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
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