According to Stratistics MRC, the Global Automated Guided Vehicles market is estimated at $3.39 billion in 2015.

GAITHERSBURG, MARYLAND, US, May 17, 2017 /EINPresswire.com/ -- According to Stratistics MRC, the Global Automated Guided Vehicles market is estimated at $3.39 billion in 2015 and is expected to reach $7 billion by 2022 growing at a CAGR of 10.9% from 2015 to 2022. Lack of skilled labour and increasing labour Costs, increasing demand for material handling equipment and rising investments in emerging economies such as India, Japan and China are some of the key factors driving the market growth. Huge capital investment is hampering the AVG market. Food & beverages is leading the market in industries segment. Europe commanded the largest share in AVG market and Asia Pacific is anticipated to observe the highest growth.

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Some of the key players in the market include Balyo, Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic GmbH & Co. Kg, Egemin International NV, Ek Automation, Elettric 80 S.P.A., Frog AGV Systems B.V., Hyster-Yale Materials Handling, Inc., JBT Corporation, KMH Systems, Inc., Kollmorgen, Seegrid Corporation, Swisslog Holding AG and Toyota Industrial Equipment.

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