Machinery & Equipment

What trends are driving machinery markets?

• Technological innovation is enhancing productivity and boosting efficiency as numerous advanced technologies are being incorporated into the next generation of machinery and equipment.
• Green technologies and more environmentally friendly models are capturing market share from conventional machinery and equipment in many parts of the world, aided by increasing government support and initiatives targeting climate change and pollution.
• The drive to automate is leading many companies to transition to semi-automated and autonomous equipment and machines as concerns about workforce issues (e.g., rising labor costs, the availability of skilled workers) intensify around the world.
• Regulatory environments are becoming more complex as governments continue to strengthen and expand machinery and equipment regulations (ranging from technical standards to environmental regulations).