Product ID: SQMIG20I2147
Report ID:
SQMIG20I2147 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
66 |
Figures:
77
Global Automated Guided Vehicle Market size was valued at USD 4.30 billion in 2022 and is poised to grow from USD 4.73 billion in 2022 to USD 10.06 billion by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).
Due to their many advantages, including lower labor costs, less product damage, higher productivity, and scale to support automation processes, AGVs are widely used. AGVs are used by logistics and transportation companies to increase the effectiveness of their operations because of these noteworthy benefits. The Raymond courier vision-guided tow tractor truck, for instance, was developed by Bastian Solutions, LLC to automate warehouse operations and improve efficiency. The maximum speed of this tow tractor VGV is 2.6 mph, and it has a route capacity of up to 1.5 miles. It can tow loads up to 10,000 lbs. Additionally, one operator can manage a number of tow tractor VGVs, maximizing the impact of the truck fleet and the workforce without raising labor costs. The retail e-commerce sales in the US from January to March 2022 reached around USD 250 billion, up 2.4% from the prior quarter, according to the U.S. Census Bureau. Distribution centers are forced to look for and apply novel, adaptable, and automated methods of completing e-commerce orders due to the rapidly evolving retail sector. These important benefits motivate logistics and transportation companies to use AGVs to boost the efficiency of their operations.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG20I2147