Recovering global economic conditions will spur “quite impressive” growth in the worldwide industrial machinery market for the next four years, according to IHS. This growth is materializing from more need for consumer essentials such as cars and food, as well as oil and gas exploration, construction, and green energy.
Although individual market segments — motors and motor controls, digital machine controllers, and power-transmission equipment — will be driven differently, the common theme is still efficient operation. Market growth in Asia-Pacific will set the pace globally.
A lot of the manufacturing conversation has centered lately on Industry 4.0, aka Industrial Internet, aka digital manufacturing, aka advanced manufacturing. Semantics aside, these terms all mean one thing: fully automated, intelligent, and self-regulating factories powered by autonomous robots and orchestrations of production control data and digital information.
The North American packaging market has steadily rebounded from the Great Recession slowdown, with Mexico showing promise as a growth region. There is a shift to retail-made packaging, and macroeconomic trends will affect the direction of the industrial and transport packaging markets.