Global CAD Market in Industrial Machinery Industry 2016-2020

Overview of the global CAD market in the industrial machinery industry

The global CAD market in the industrial machinery industry is anticipated to grow at a steady rate and post a CAGR of more than 7% during the forecast period. The increasing use of computer-aided design (CAD) in packaging machinery will drive the growth prospects for the global industrial castings market during the forecast period. Since packaging materials have a strong impact on the customer's buying decision, it is considered to be one of the most important parts of the marketing mix. The packaging machinery is widely used for filling, labeling, coding, and wrapping of products. The increasing demand for the smart packaging system is resulting in the growth of the global packaging machinery market. The smart packaging system is in high demand in industries such as the food industry as it reduces the loss and wastage of food products. Moreover, packaging industries use barrier layers and germicidal films to preserve the food items for a longer period. Furthermore, the increasing demand for packaged food products is leading to the increased adoption of packaging machinery items, which are designed using the CAD software.

The increasing development of smart factories will propel the growth prospects for the market during the forecast period as procedures such as the conception, designing, planning, and execution of a smart factory require the extensive use of CAD solutions. Smart machines are highly adopted and installed in factories because they have the capability to carry out the entire production process without any human intervention. Moreover, CAD solutions also help in the elimination of processes or product wastage, downtime, defects, and delays.

Competitive landscape and key vendors

The global CAD market is highly competitive due to the presence of a large number of established vendors and new entrants. Also, since the competitive environment of the market is intensifying through merger and acquisitions, the vendors have been compelled to distinguish their product and service offerings through a clear and unique value proposition.

Key vendors in this market are -

• Autodesk
• Dassault Systèmes
• PTC
• Siemens PLM Software

Other prominent vendors in the market include BricsCAD, Encore, Graebert, RealCAD, SolveSpace, and TurboCAD.

Segmentation by geography and analysis of the CAD market in the industrial machinery industry

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market until the end of 2020. One of the major factors driving the market’s growth in the region is the US, which is one of the largest producers of machine tools in the world. In countries, such as Brazil, Argentina, and Chile, the rate of foreign direct investments (FDIs) is increasing due to increasing liberalization of investment rules and trades.

Growth drivers, challenges, and upcoming trends: 4-D CAD

The increasing shift towards 4-D CAD will fuel the growth prospects for the market in the forthcoming years. CAD providers are increasingly developing 4-D CAD solutions to enhance the operational performance. Also, since the constructability and sequencing of construction schedules can be improved using the granular-level information, its demand among the end users is increasing significantly.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global CAD market in the industrial machinery industry. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global CAD market in the industrial machinery industry?
• What are the key market trends impacting the growth of the global CAD market in the industrial machinery industry?
• What are the challenges to market growth?
• Who are the key vendors in the global CAD market in the industrial machinery industry?
• What are the market opportunities and threats faced by the vendors in the global CAD market in the industrial machinery industry?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global CAD market in the industrial machinery industry?

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