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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.
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 -
Other prominent vendors in the market include BricsCAD, Encore, Graebert, RealCAD, SolveSpace, and TurboCAD.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM overview
PART 06: CAD and R&D
PART 07: Market landscape
PART 08: Geographical segmentation
PART 09: Buying criteria
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Five forces analysis
PART 16: Vendor landscape
PART 17: Key vendor profiles
PART 18: Appendix
PART 19: Explore Technavio
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