Emerging Economies and Energy Cost Savings Drive Growth
The Automation Expenditures in the Automotive Industry Global Market Research Study quantifies, analyzes, and forecasts worldwide automation systems and services for manufacturing processes in the automotive industry. A base year market size, forecast for each segment, and top leading suppliers for the overall market are presented.
Market data in this study is for industrial automation products which include PLC and PLC-based PAC, AC Drives, General Motion Control, CNC, HMI, Collaborative Production Management, Enterprise Asset Management, and Machine Safeguarding.
Demand for automation equipment for manufacturing processes in the automotive industry remained strong due to demand for energy efficient solutions and to improve productivity.
The globalization environment drives manufacturers and other industrial operations to address initiatives for energy cost savings and reducing energy consumption, as well as for safety and sustainability needs. This environment created tremendous growth opportunities for automation equipment for automotive companies in 2011.
The rapidly expanding middle class in Asia, Eastern Europe, and Latin America is creating huge consumer demand. This offers enormous promise for industries that provide their products and services to the burgeoning ranks of new consumers.
With global financial stability being restored, the market is expected to grow moderately due to investments in the manufacturing and infrastructure industries worldwide, creating competitive pressures among the suppliers. In addition to quantitative assessment, this report also discusses key strategic issues, which will have substantial impact on this market such as:
• Market potential and size for automation products and services
• Market size in the various world regions
• Which regions are growing faster?
• What are regional scenarios that impact growth?
• What are the market trends impacting automation expenditure?
• Strategic issues facing suppliers and manufacturers