Factory Automation Mechanical Component Market- Forecast (2018-2023)Posted by Venkatesh on November 15th, 2018 According to the new market research report by IndustryARC titled “Factory Automation Mechanical Components Market By Mechanical Components (Shafts, Screws, Nuts, Clamps, Sensors, Gears, Motors, Pipes, Nozzles, Others) By Application (Automotive, Chemical, Oil & Gas, Pharmaceutical, Packaging, Food &Beverage) Forecast (2018-2023)”, the market is driven by the advent of numerous techniques related to production control and introduction of automation solutions. Europe is the largest region in the Factory Automation Mechanical Components Market Europe is expected to dominate the Factory Automation Mechanical Components Market. It is estimated to reach 1.6 billion by 2023. The increase in consumer spending has been the reason for the growth in the region. Europe is amongst the most technologically advanced regions with a high demand for automation. The main industries in Europe are ferrous and non-ferrous metal production, metal products, petroleum, cement, chemicals, pharmaceuticals, aerospace, industrial equipment, shipbuilding, electrical power equipment, food and beverages, paper and textiles. In the UK, the automotive industry is the main market for industrial control and factory automation in this region. The modernization of the production process has resulted in the increasing utilization of robots for welding, material handling, assembling and inspecting in the automotive industry. Selected Analysis done in the Automation Mechanical Components Market Report: The food and beverage industry has the highest share for industrial robots as per the research study conducted by the trading associations. Factors such as increasing urbanization, demographic diversity and increasing middle class population in developing economies such as India, China and Brazil are boosting the demand for high-quality foods. Leading automation solution providers such as Siemens, Schneider Electric have supported food and beverage producers in their attempts to optimize their manufacturing capabilities with huge product portfolios. In the food & beverage segment, traditional production plants need modernized techniques and solutions to save energy or increase productivity. Companies are investing substantially to adopt comprehensive and cohesive automation and drive solutions that can provide smart networking over the processes. The goal of the leading food & beverage industry players is to make the traditional manufacturing processes more efficient through the use of modern automation technology. To Access/Purchase the full report, please browse the link below: https://industryarc.com/Report/196/factory-automation-mechanical-products-market-analysis.html Excerpts on Automation Mechanical Components Market Growth Factors • As the global economy is expanding rapidly, the demand for machines and mechanical components in sectors such as materials handling, packaging, agriculture, and machine tools will bolster the revenues. The mechanical component market is likely to grow due to heavy machinery industries. The growth of this sector can be attributed to the high level of activity in the manufacturing sector in industrial regions such as Canada, Germany, Mexico, and other production hubs. This factor drives the demand for smart mechanical technology. Key players of the Factory Automation Mechanical Components Market The key players of the Factory Automation Mechanical Components Market are SFK Group, THK Global, and Bosch REXROTH AG. SFK Group provides products and services related to roll bearings, seals, mechatronics, services and lubrication systems. THK Global is a Japanese manufacturer for industrial and transportation equipment. Bosch Rexroth is a subsidiary of Robert Bosch GmbH. It develops hydraulic, electric drives and controls, gear technologies Factory Automation Mechanical Components Market is segmented as below Growing industrialization and automation drive the growth of the Factory Automation Mechanical Components Market. A. Factory Automation Mechanical Components Market By End-User Industries B. Factory Automation Mechanical Components Market By Geography(covers 11+ countries) C. Factory Automation Mechanical Components Market By Entropy Companies Cited / Interviewed 1. 3M COMPANY What can you expect from the report? 1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. Like it? Share it!More by this author |