Industry Analysis & Industry Trends
The Automated Guided Vehicle Manufacturing industry is made up of manufacturing companies that sell products to aid their customer's manufacturing processes. Often, automative guided vehicles (AGVs) are not the main service that major players offer. Industry revenue relies on industrial production levels since downstream customers will buy more AGVs when their businesses are performing well.... purchase to read more
Industry Report - Industry Products Chapter
Automated guided vehicles (AGVs) are typically wheel-based load carriers or other vehicles that follow computer-controlled paths through laser-guided navigation or through magnetic tape across a plant floor. Firms in this industry manufacture different vehicle types that can be used for a variety of applications across a number of different industries, but primarily in an industrial or commercial setting. In general, vehicle sales have been skyrocketing over the past five years. According to a report from the Material Handling Industry of America (MHIA), vehicle unit sales have grown nearly 70.0% since 2007.
Fork vehicles represent the largest share of industry revenue at roughly 33.8% in 2013... purchase to read more