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Share this article Share this article ResearchAndMarkets.com s offering. According to the report, the Global Automated Guided Vehicle (AGV) Market accounted for $2.1 billion in 2019 and is expected to reach $4.95 billion by 2027, growing at a CAGR of 11.3% during the forecast period. Growing demand for automation in material handling processes, the rising popularity of e-commerce and an increase in demand for electronics and retail products are some of the factors propelling the growth of the market. However, high initial investment, installation cost, and present financial crisis are restraining the growth of the market. Automated guided vehicles are material handling automated machines that are programmed to move pallets, carts, and trays, among others, between different manufacturing and warehousing facilities without any permanent conveying system or manual intervention. Automated guided vehicles are installed by these facilities to enhance efficiency, which results in incre

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