Smaller lot sizes, shorter times to market, and lower manufacturing costs are typical requirements of a modern manufacturing facility. Under such constraints, agile manufacturing systems are desirable. Agile manufacturing uses technology, organizational approaches, systems and people in a manufacturing concept which truly belongs to the 21st century and which transcends existing methodology to facilitate ability of the organization to react to rapid change and respond to an increasingly unpredictable marketplace. Agile manufacturing can produce what customers want, when and exactly how they want it, at a cost-effective price. The main aim of this paper is to presents the various possible research domains in the development of agile manufacturing era. The objective of this paper is to brief an overall idea and research needs of agile manufacturing with the focus of current fluctuations in the market scenario.