The North America factory automation market is expected to grow from US$ 46,797.4 million in 2022 to US$ 74,823.3 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.
The Report North America Factory Automation Market study by “Business Market Insights” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
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Major Key players covered in this North America Factory Automation Market report:
• ABB LTD.
• Emerson Electric Co.
• FANUC
• General Electric Company
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Robert Bosch GmbH
• Rockwell Automation, Inc.
• Siemens AG
Segmentation
Based on type, the North America factory automation market size is segmented into programmable automation, fixed automation, and flexible automation. The rising adoption of Industry 4.0 and IoT-enabled smart technologies has raised the demand for factory automation. The fixed automation segment led the market in 2021. The market growth for this segment is attributed to the rising demand for fixed automation solutions in many industries, including automotive and chemicals. However, the flexible automation segment is expected to register the highest CAGR over the forecast period. Flexible automation is majorly used across manufacturing assembly plants. It is highly adopted across the electronics industry, where flexible machines are used to manufacture printed circuit boards with integrated circuits and other components. The automotive industry is also increasingly adopting flexible automation technology owing to the increased complexity in car manufacturing like rise in integration of smart components and electronics. Thus, the increasing car manufacturing volume across North America bolsters the demand for flexible automation, which would drive the factory automation market growth for the segment during the forecast period.
Application
The report segments the North America Factory Automation Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the North America Factory Automation Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
The report provides the current market size for North America Factory Automation defines trends and presents growth forecasts for nine years from 2022 to 2028. 2020 is considered as the base year, and 2022 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of North America Factory Automation Market for all the regions globally.
The scope of the North America Factory Automation Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the North America Factory Automation The study also provides market insights and analysis of the North America Factory Automation highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
The global North America Factory Automation Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘North America Factory Automation Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global North America Factory Automation Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the North America Factory Automation Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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