The briefing examines how the machinery industry is performing globally and in the largest countries in terms of machinery output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
The rising focus on digital transformation in the agriculture, manufacturing and construction industries is leading to new product development across machinery manufacturers. New machinery products featuring the latest technology and advanced features help boost productivity, cut operating costs and reduce environmental impact.
Industry 4.0 is revolutionising the way companies manufacture and distribute their products. New technology adoption helps machinery producers improve supply chain management, rearrange their industrial processes in more flexible and client-orientated ways, and enhance operational efficiency.
Due to growing operational risks, the companies in the industry are expected to build more resilient supply chains through diversification and localisation. Machinery manufacturers are anticipated to diversify their supplier base instead of relying on a single supplier. In addition, greater localisation of supply chains helps reduce logistical costs, lessen environmental impact and ensure less disruption in product distribution.
Machinery manufacturers are anticipated to focus increasingly on value-added services in order to maintain a stable revenue stream and differentiate themselves. The product-as-a-service model helps establish long-term partnerships with customers, acquire insights into customer needs and achieve synergies in product development and innovation.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!