On track: Industry demand will rise as technology improves and corporate profit grows

Over the past five years, operators in the Automated Guided Vehicle (AGV) Manufacturing industry have lifted itself to new highs. As the economy expanded, industrial production and freight volumes climbed. Consequently, the need for more goods to be moved throughout manufacturing and logistics facilities grew. As a result, demand for AGVs increased. Over the next five years, industry revenue is expected to continue growing. Increasing manufacturing and transportation activity and a continued emphasis on productivity are anticipated to propel demand for industry products. Moreover, as operators adapt AGVs to accommodate more industries, their proliferation throughout the entire economy will rise. However, an appreciating dollar and competition will temper the rate of growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$269m
Annual Growth 12-17
17.1%
Forecast Growth 17-22
Profit
Employment
2,406
Businesses
41

Industry Threats & Opportunities

  • Growing industrial activity and freight volumes are anticipated to increase demand for AGVs
  • The United States is home to some of the largest AGV producers in the world
  • Product innovation has been an important factor in the industry’s growth
  • Industry Report - Industry Key Buyers Chapter

    The Automated Guided Vehicle Manufacturing industry has a high level of market share concentration, with the top four companies accounting for a combined 70.8% of industry revenue. Demand for AGVs in the manufacturing field is largely directed at industry players with decades of experience and the capacity to customize vehicles based on a client's specific logistics needs. These operators have long-standing relationships with customers.During the past five years, IBISWorld estimates that the industry has become less concentrated as nonmanufacturing demand for industry products has increased. Smaller operators are better able to compete in the logistics space, as the AGVs needed smaller. As ...purchase to read more.

    Additional Insights for the Automated Guided Vehicle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Automated Guided Vehicle Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective quality control
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as commerce sales and Freight transportation services index in the Automated Guided Vehicle Manufacturing industry impact industry performance..

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    What's in this report

    What is the Automated Guided Vehicle Manufacturing Industry?

    This industry manufactures automated guided vehicles (AGV), which are mobile robots used for material handling and tracking or repetitive tasks. These vehicles follow markers or use vision or lasers to navigate in commercial settings.

    Industry Products
  • Wire systems
  • Laser systems
  • Industry Activities
  • Manufacturing automated guided vehicles for assembly lines
  • Manufacturing automated guided vehicles for forklifting
  • Manufacturing automated guided vehicles for other industries' production lines
  • Manufacturing automated guided vehicles for handling and tracking inventory
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • commerce sales
  • Freight transportation services index
  • Corporate profit
  • Industrial production index
  • Trade-weighted index

  • Current Performance
  • Strong growth
  • Trade factors
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand expands
  • Competition from trade
  • Profit and industry
  • Table: Automated Guided Vehicle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automated Guided Vehicle Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Transportation and Warehousing
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing
  • Software Publishing
  • Tire Manufacturing

  • Products & Services
  • Other
  • Laser systems
  • Wire systems
  • Chart: Automated Guided Vehicle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing industries
  • Logistics and nonmanufacturing
  • Exports
  • Chart: Major Market Segmentation for the Automated Guided Vehicle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Automated Guided Vehicle Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Automated Guided Vehicle Manufacturing Industry

  • Industry Globalization
    JBT Corporation, Jervis B. Webb Company, Egemin Automation,
  • Table: JBT Corporation - financial performance
  • Table: Jervis B. Webb Company - financial performance
  • Table: Egemin Automation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Automated Guided Vehicle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Automated Guided Vehicle Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • E-Commerce Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Automated Guided Vehicle (Agv)
  • An automated guided vehicle (AGV) is a wheel-based vehicle that follows a computer-controlled path along a series of lasers, magnetic tape or other systems.
  • Fork Vehicle
  • An AGV equipped with a heavy duty fork used for lifting and loading pallets, racks and other trays.
  • Towing Vehicle
  • An AGV equipped with a hitching mechanism used to tow or haul multiple crates of cargo across a facility floor.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Automated Guided Vehicle Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Automated Guided Vehicle Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Automated Guided Vehicle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Automated Guided Vehicle Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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