Air Sea Logistics & Automotive Transportation News

Automated guided vehicle market set to grow according to forecasts

Automotive and Transportation Market Research

This research delves into the opportunities in the global Automated Guided Vehicle market and the chronological growth of the market throughout the forecast period.

Market Highlights:

Growing need for workplace safety and high costs of labor are the major driving factor for automated guided vehicle market. Increased efficiency of the end-user industries, the rise in the interest in mechanization and replacement of the conventional batteries with Lithium-Ion based batteries also fuels the market growth for automated guided vehicle.

However, huge capital investments and large switching costs are major restraining factors for the growth of automated guided vehicle market.

Major Players:

Key players involved in the global automated guided vehicle market are focusing on key market strategies including mergers and acquisitions with local as well as established players.