Industry Analysis & Industry Trends
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 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 2021, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to grow at an average annual rate of 7.2%. Over the same period, US GDP is forecast to grow at an average annual rate of 2.2%. 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 5.3%. Companies are quickly entering the profitable industry where demand is rising... purchase to read more