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Automated Guided Vehicle Industry worth $3.3 billion by 2028 (Tim O'Neil)

According to the new market research report "Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region - Global Forecast to 2028" The Automated Guided Vehicle Market is expected to reach USD 3.3 billion by 2028 from USD 2.4 billion in 2023, at a CAGR of 6.9% during 2023–2028. The significant growth factor associated with the Automated Guided Vehicle Market growth is the increased focus on enhancing workplace safety, which has created a substantial demand for AGVs.

Companies seek to optimize their operations by improving productivity and reducing labor costs by deploying automated guided vehicles for material handling, logistics, and other tasks.

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