Summary
The global Industrial Production Machinery Automation Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Industrial automation is the use of information technology and control systems in various manufacturing processes in the industrial sector. It offers various advantages such as high productivity, high quality, high flexibility, high information accuracy, and high safety. Such advantages are expected to boost demand for industrial automation, thereby propelling growth of the global industrial production machinery automation market.
Emergence of Covid-19 is expected to boost adoption of automation in the industrial sector, thereby offering lucrative growth opportunities for players in the global industrial production machinery automation market. Moreover, increasing labor cost is also expected to aid in growth of the market. For instance, according to Eurostat press release in April 2019, in 2018, hourly labor costs in the whole economy expressed in € rose by 2.7% in the EU and by 2.2% in the euro area compared to 2017, with Latvia (+12.9%), Lithuania (+10.4%), Estonia, and Slovakia (both +6.8%) witnessing the highest increase.
However, high initial cost of installation is expected to hinder growth of the global industrial production machinery automation market. The initial ROI of automation can be negative and includes both installation and maintenance.
Among regions, North America is expected to witness significant growth in the global industrial production machinery automation market, owing to increasing funding for automation startups. For instance, in February 2021, Symbio Robotics, a U.S.-based industrial robotics startup, raised US$ 30 million in funding.
The global industrial production machinery automation market is witnessing several M&A activities. For instance, in February 2021, Plex Systems, a provider of cloud-delivered smart manufacturing solutions, acquired Kors Engineering, a provider of plant floor connectivity and manufacturing process automation software.
Major players operating in the global industrial production machinery automation market are focused on adopting various marketing strategies to enhance their market share. For instance, in February 2021, Rockwell Automation, Inc. announced to present at Barclays Industrial Select Conference.
Key Takeaways
- Emergence of Covid-19 is expected to boost adoption of automation in the industrial sector, thereby offering lucrative growth opportunities for players in the global industrial production machinery automation market
- Major players operating in the global industrial production machinery automation market are focused on adopting M&A strategies to enhance their market share. For instance, in January 2021, Rockwell Automation, Inc. acquired Fiix Inc., an AI-enabled computerized maintenance management system company based in Toronto, Ontario, Canada.
- Major players operating in the global industrial production machinery automation market include, ABB, Emerson Electric, Honeywell International, Rockwell Automation, Siemens AG, Toshiba, Mitsubishi, and Omron Corporation
The Industrial Production Machinery Automation Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Industrial Production Machinery Automation Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ABB
- Emerson Electric
- Honeywell
- Rockwell Automation
- Siemens
- Toshiba
- Mitsubishi
- Omron
By the Product Type, the market is primarily segmented into:
- Sensors
- DCS
- Drives
- SCADA
- PLC
By Applications, the market is segmented into:
- Process Industry
- Discrete Industry
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Industrial Production Machinery Automation Market Report:
- To assess the size of the market by value and volume
- Analyze the Industrial Production Machinery Automation Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Industrial Production Machinery Automation Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Industrial Production Machinery Automation Market
The Industrial Production Machinery Automation Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Industrial Production Machinery Automation Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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