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 SWOT Analysis Chapter
The Automated Guided Vehicle Manufacturing industry is in the growth phase of its life cycle. From 2008-2018, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to grow at an average annual rate of 3.3%. Over the same period, the US GDP grew at an average annual rate of 2.1%. 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 4.7%. Companies are quickly entering the profitable industry with low barriers to entry... purchase to read more