GIA announces the release of a comprehensive global outlook on the Industrial Machinery Industry. The global market for industrial machinery is on the path of recovery and is projected to continue to post steady growth through 2015, driven by increasing economic activity that in turn drives industrial output and demand for new machinery. Demand for machinery in sectors such as Construction would be driven by increasing economic growth and rising construction activity across major markets worldwide. With respect to other sectors, such as Agriculture industry, factors such as rapid growth in mechanization of agriculture in developing countries, increasing adoption of advanced technologies and replacement sales in developed markets are expected to spearhead growth in demand in the foreseeable future.
San Jose, California (PRWEB) January 25, 2012
The global agricultural equipment market is predicted to experience moderate rate of development, with emerging markets set to offset the effect of recession in advanced countries. Europe and the US are the major markets for farm equipment, representing a significant share of the global market. Growing mechanization of farm sectors in emerging markets, specifically in India and China, is expected to drive the demand for agricultural machinery across the world. Chinese and Indian agriculture sectors are still marked by manual and inefficient performance of farm tasks, when compared to farm sectors in developed countries. There is a high potential in China and India as the level of automation is low and farm equipment is ineffective. The highly mechanized US farm sector growth is expected to lag behind the average global growth rate, owing to the slowdown in the sector’s growth. Western Europe is expected to realize much lower growth than the US, with reduced regional farm output through 2015.
A growing desire for fuel diversification is generating growing interest in the boilers market. The market will be impacted by factors such as fuel price differential, forward pricing for power, impact of new environmental legislation and regulations, global pressures to reduce CO2 emissions, and public acceptance. The global demand for various machine tool devices, including metal forming machine tools, metal cutting machine tools as well as machine tool accessories, is expected to grow by a robust 7.2% annually through 2015. The electronic equipment sector is expected to contribute the most for machine tools demand through 2015. The gains in this particular segment would benefit from the rising per-capita wealth in developing countries, which would enable more purchases of electronic products.
Major demographic changes over the next decade, such as aging and retirement of the current workforce, would create large gaps in the workforce, thus creating demand for automation and Industrial Robotics. Increasing sophistication and miniaturization of end products will also drive the demand for use of industrial robots, especially those capable of handling complex processes involved in producing such products. Technological advancements, in the field of machine vision and distribution motion control, bode well for the future of this market. The evolution of voice technology, which can enable ‘cooperative machining’, wherein inspection of manufacturing processes will be assisted by human voice/machine interchange systems, and introduction of light-weight robots that can save energy also create substantial market opportunities over the next few years. Though Europe continues to account for a major portion of total volume sales of industrial robots, it is the Asia-Pacific market, which has been displaying tremendous appetite for industrial robots in the recent times.
The global welding industry is mature, and growth is concomitant with that of the industrial production in developed economies, such as Japan, Europe, and North America. Developing economies present ample growth opportunities for welding equipment manufacturers. Electrodes, components, apparatus and accessories market is the largest segment, with sales estimated at US$5.6 billion for 2010. The welding machinery market, worldwide, is highly fragmented. There are more than 1,500 manufacturers, including leading players such as Lincoln Electric, ESAB, Miller Electric, among others.
The global Turbines and Turbine Generator sets market has long benefited from the increase in demand for power, constant changes in the energy policies all over the world, and rapid technological developments in the power generation equipment sector. Continuous industrial development, improving living standards, ever growing population has and will remain major factors driving demand for power. Offshore wind farms are the new frontier of wind technology, as the industry leapfrogs to the next level of development. The potential for offshore wind turbines is vast, and current research and development activities are targeted at achieving a harmonized international design standard.
The research report titled “Industrial Machinery: A Global Outlook” announced by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include the US, Canada, Europe, Asia-Pacific (including Japan), Latin America, and Rest of World. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Industrial_Machinery_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###
Public Relations
Global Industry Analysts, Inc.
(408) 528-9966
Email Information
There are no comments yet