Download - State of Heavy Manufacturing Industries

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Page 1: State of Heavy Manufacturing Industries

Construction MachineryGlobal demand for construction machinery is forecast to advance

annually, reaching $218 billion in 2019

5 Trends: n Reduced costs through flexible and

scalable manufacturingn Restructuring and streamlining

operationsn Growing equipment rental marketn High-tech developmentn Product customization

State of Heavy Manufacturing Industries

3.9%

Material Handling EquipmentGlobal material handling equipment market is expected to grow at a CAGR between

through 2020

5 Trends:nAutomated guided vehicles nWarehouse control systemsnEnergy efficiencynLarger port terminal cranesnIncreased demand from

E-commerce

3-6%

RailGlobal rolling stock market predicted to grow at a CAGR of

through 2019

5 Trends: nEver-increasing safety

requirementsnReduced downtime nSales to shippers and leasing

companiesn New export marketsn Increasing capacity through

higher axle loads

2.83%

Facing uneven demand and competition from imports, heavy industrial manufacturers are looking to expand into new markets, grow in foreign markets, and implement innovative technologies that will improve efficiency and control costs.

Agricultural MachineryAgriculture and Farm Machinery market expected to expand at an

CAGR between 2015 and 2022

5 Trends: n Expanded and tailored product linesn Growing competition from importsn Automation to increase productivityn GPS and autonomous vehiclesn Sustainable design

Truck and Bus Annual growth of

is expected in the global truck market through 2024

5 Trends:nEmissions compliance nIncreased fuel efficiencynIncreased focus on safetynNatural gas-fueled

vehiclesnHybrid-electric vehicles

8.7%

ewi.org 614.688.5146

CAPITALIZING ON INDUSTRY TRENDS requires technological innovation. There are 3 Technologies/Capabilities particularly critical to meeting current and future Heavy Manufacturing challenges:

n Modeling for distortion prediction and mitigation

n Flexible automationn Additive manufacturing

FOR INFORMATION ON HOW EWI can help heavy manufacturers apply innovation to solve their challenges, please contact Aaron Haines, Business Development Manager, at [email protected] or 614.688.5146

Mining EquipmentMining equipment market to reach

billion by 2022

5 Trends: nSustained market downturnnIncreased focus on safetyn Investment in innovationn Automated extraction

processesn Resource nationalism

$95

3%