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 Key Buyers Chapter
The Automated Guided Vehicle Manufacturing industry has a medium level of market share concentration, with the top four companies accounting for a combined 67.1% of industry revenue. The production of AGVs is highly specialized, and the technology has yet to be adopted as a standard component of most manufacturing and warehouse facilities. As such, demand for AGVs is largely directed at industry players with decades of experience and the capacity to customize vehicles based on a client's specific logistics needs.
During the past five years, IBISWorld estimates that the industry has become slightly less concentrated as international firms slowly expand their presence in the United States, drawing business away from established US-based companies... purchase to read more