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Automated Guided Vehicle (AGV) Market Share By Product Benchmarking and Overview by 2024

by rajsingh50901 · October 24, 2018


24 Oct 2018 –聽Automated guided vehicles (AGV) are used to transport loads to places where repetitive movements of material is required with little or no human intervention. In 2015 Roman Josi Womens Jersey , the AGV market size was valued at USD 810.4 million and is predicted to expand at CAGR of 7.3% in next seven years. Industries are aiming to achieve high productivity by minimizing waste in manufacturing process.




High labor cost is primary challenge in industry and consistent increasing labour cost in recent times has forced manufacturers to undertake decisive solutions in order to stay competitive in market. AGV are unmanned automated systems that transport all kind of products within warehouse, distribution and logistics environment that reduce cost and increase profitability and efficiency. Technological advancement in field of robotics has helped to increase productivity. The high initial set-up cost can act as barrier in industry growth hence, restricting AGV applications to medium-sized and large enterprise. Average cost of magnetic guided vehicle is around USD 100 Viktor Arvidsson Womens Jersey ,000.


Tow vehicles segment topped the total market in terms of revenue in 2015


In 2015, in terms of revenue the tow vehicle segment dominated among other segments and accounted for 36.7% of overall market share. The segment is expected to reach 37.4% in terms of revenue by 2024. Advancement in automation, workplace safety norms Scott Hartnell Womens Jersey , increasing productivity and low operational cost is fueling demand for tow vehicles. The pallet truck segment is expected to grow at a CAGR of 6.8% from 2014 to 2024.


The requirement of minimum change, in the existing infrastructure, is anticipated to drive the adoption of natural navigation technology-based AGV


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The natural navigation technology is advanced technology used in AGV which eliminates the need of reflectors or markers. The boundaries for controlling AGV path are removed along with less installation time and low cost. In 2015 Craig Smith Womens Jersey , AGV鈥檚 based on vision guidance navigation technology accounted for 36.7% of overall market revenue. Vision guided vehicles builds three-dimensional map with the help of images that makes them effective and has increased their. http://cheapauthenticjerseysnba.com/ http://cheapauthenticjerseyscollege.com/ Cheap Jerseys China Cheap Jerseys Cheap Jerseys Cheap NHL Jerseys Wholesale Cheap Jerseys China Cheap MLB Baseball Jerseys Cheap NCAA Hockey Jerseys Cheap Wholesale NHL Hockey Jerseys