Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "Machine Control Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
This report provides a comprehensive overview of the global machine control systems market, focusing on key insights and trends. It delves into the influence of influencers on the market, global market trajectories, the impact of Covid-19 and potential recession, and competitive dynamics among key players.
The report examines market trends and drivers, as well as a global perspective on various segments including excavators, graders, loaders, total stations, GNSS, laser scanners, airborne systems, paving systems, construction, agriculture, oil & gas, mining, marine, and other end-uses. The analysis encompasses recent past, current, and future sales data, highlighting growth potential and percentage breakdowns across different geographic regions.
Global Machine Control Systems Market to Reach $21 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Machine Control Systems estimated at US$7.7 Billion in the year 2022, is projected to reach a revised size of US$21 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030. Excavators, one of the segments analyzed in the report, is projected to record 13.3% CAGR and reach US$12.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Loaders segment is readjusted to a revised 12.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 12.7% CAGR
The Machine Control Systems market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 12.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 11.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
A selection of companies mentioned in this report includes
- Andritz Automation
- Belden, Inc.
- Leica Geosystems AG
- Maximatecc
- MOBA Mobile Automation AG
- Prolec Ltd.
- RIB Software SE
- Schneider Electric SA
- Topcon Corporation
- Trimble, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/itdex1
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