Global DM Market in the Industrial Machinery Sector 2015-2019

Market outlook of DM in the industrial machinery sector

Traditionally, product planning preceded process planning. This method can potentially lead to incompatibility between product and production processes, resulting in loss of time and capital. Digital manufacturing (DM) enables simultaneous product as well as process planning, thereby reducing the time taken for chalking out designs. Technavio’s market research analysts predict the global DM market in the industrial machinery sector to grow at a CAGR of more than 7% until 2019.

DM is an inevitable part of the industrial machinery industry. DM helps simulate a virtual environment and creates prototypes for the manufacturing set up. With the help of this simulation, designers can rectify issues related to design, manufacturing, and maintenance in early stages. Ergonomic analysis along with simulation for single parts and assemblies helps reduce the setup costs to a great extent, especially labor costs.

Key components in the industrial machinery sector

• Valves, gears, turbines, pumps bearings and engines that are used in the generation of mechanical energy from other energy sources such as hydel, electrical, solar, geothermal, chemical or wind energy
• Furnaces and burners
• Agricultural machinery and implements
• Machine tools
• Machinery used in iron and steel industry, food and beverage industry, leather, paper and textile manufacturing

What are the key stages involved in the digital manufacturing process?

DM is used in the virtual simulation stage that includes design controls, and the following process is followed:

The design control stage starts with customer requirements. Products are designed according to customer needs. Once these requirements are recorded, the next stage is the input stage that involves designing based on customer preferences, industry standards, competitor product analysis, prototypes, and past products.

This process is often iterative, and once the data input is done, the designing process begins. Design verification involves processes such as testing, analysis, and inspection, and design validation follows it. It essentially involves checking product designs to match customer requirements. Once the above processes are executed correctly, the design output file is created which is then realized as a final product.

Geographical segmentation of the global DM market in the industrial machinery sector

• APAC
• Americas
• EMEA

In 2014, the Americas region emerged as the largest contributor in terms of revenue for the global DM market in industrial machinery. The EMEA with the presence of a large number of machine tool manufacturers such as DMG Mori Seiki, Schuler, and Trumpf in Germany, and Georg Fischer in Switzerland occupied nearly 32% of the total revenue generated in 2014.

Competitive analysis of the global DM market in the industrial machinery sector

• Autodesk           
• Dassault              
• PTC       
• Siemens

Other prominent vendors in this market include CAD Schroer, Open Factory 3D, and Bentley. Market vendors are currently focusing on reducing the adoption cost of digital manufacturing through the implementation of cloud-based product lifecycle management (PLM) software. For instance, Wipro, a global information technology firm is providing cloud-based PLM services for Siemens PLM Software's solution called Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through Infrastructure as a Service (IaaS). Similar developments will propel the growth of this market during the forecast period.

Key questions answered in the report

• What are the key factors driving the global DM market in the industrial machinery sector?
• What are the key market trends impacting the growth of the global DM market in the industrial machinery sector?
• What are the various opportunities and threats faced by the vendors in the global DM market in the industrial machinery sector?
• Trending factors influencing the market shares for EMEA, APAC, and Americas?
• Key outcome of the five forces analysis on the global DM market in the industrial machinery sector?
• Growth forecast of the global DM market in the industrial machinery sector until 2019?

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