They also reduce inventory damage, decrease staffing requirements, and increase profitability. Use of these guided vehicles increases the overall efficiency and productivity, while reducing costs. They are usually used in tasks requiring high volumes of repetitive movements of material, and little or no human decision-making skills. Their different applications include transport of goods at storage and production facilities, retrieval in wholesale trade, supply and disposal of goods at offices and hospitals, and use in assembly platforms among others. Automated Guided Vehicles are used for lifting, rotating, and transport of various goods in warehouse, logistic, and other production environments. They are material handling solutions equipped with automated vehicle parts such as carts and pallets along with control software, sensors, guide path, and interfaces. AGVs are automatic transport systems capable of functioning without human intervention. ![]() The global Automated Guided Vehicle (AGV) market was valued at USD 1,356.5 million in 2017 and is anticipated to grow at a CAGR of than 11.3% during the forecast period.
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