Automated Guided Vehicle (AGV) Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the Automated Guided Vehicle (AGV) Market is predicted to reach USD 11.19 billion with a CAGR of 9.7% from 2024 to 2030. 

They are designed to automate tasks for which humans are not necessary, such as long walks in warehouses or transporting materials and finished products. 

The escalating costs of labor have emerged as a pivotal factor propelling the growth of the AGV industry due to the increasing expenses related to wages and benefits, industries are strategically turning to AGVs as a solution to reduce reliance on human labor for routine and repetitive tasks.

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