state of heavy manufacturing industries
TRANSCRIPT
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%