Industry Analysis & Industry Trends
The Automated Guided Vehicle Manufacturing industry is made up of manufacturing companies that sell products to aid their customers' manufacturing processes. Over the next five years, growing industrial activity and freight volumes will increase demand for AGVs, thereby boosting industry revenue.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Automated Guided Vehicle (AGV) Manufacturing industry is in the growth phase of its life cycle. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to grow at an average annual rate of 8.0%. Over the same period, US GDP is forecast to grow at an average annual rate of 2.5%. Faster growth in the IVA indicates the industry is growing faster than the overall economy and is projected to continue to grow.
Over the past five years, the number of firms in the industry grew at an average annual rate of 4.3%. Companies are quickly entering the profitable industry where demand is rising... purchase to read more