Waste Sorting Robots Market by End-user, Geography, and Application - Forecast and Analysis 2022-2026

Published: May 2022

Pages: 120

SKU: IRTNTR43767

Snapshot

The waste sorting robots market share is expected to grow at a CAGR of 19.15% and reach an estimated value of USD 8.70 billion by 2026. One of the key highlights of this report is the valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The waste sorting robots market report also offers information on several market vendors, including ABB Ltd., AMP Robotics Corp., Bin-e, Bollegraaf Recycling Machinery BV, Bulk Handling Systems, CleanRobotics, Durr AG, Eagle Vizion, ecoBali Recycling, General Kinematics Corp., Greyparrot AI Ltd, Intuitive AI, Machinex Industries Inc., New Hope Ecotech, PELLENC S.A.S., SADAKO TECHNOLOGIES SL, Specim, Spectral Imaging Ltd., Tomra Systems ASA, Waste Robotics Inc., and ZenRobotics Oy among others. Furthermore, the waste sorting robots market research report extensively covers market segmentation by the following:

Application - Polyethylene products sorting, metallic waste sorting, cans sorting, and bricks sorting
End-user - Plastic industry, metals and minerals industry, food and beverage industry, wood industry, and others
Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Waste Sorting Robots Market Size be During the Forecast Period?

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Waste Sorting Robots Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The use of robots for ensuring safety in the waste sorting process is notably driving the waste sorting robots market growth, although factors such as potentially high initial investment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the waste sorting robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Waste Sorting Robots Market Driver

One of the key factors driving the global waste sorting robots industry growth is the use of robots for ensuring safety in the waste sorting process.
To reduce the risk of injuries and accidents in processes involved in waste collection and separation, manufacturers are developing robots for collecting and sorting waste.
Robots cut costs for end-users on labor, reduce injuries, and also, by using waste sorting robots, companies can reduce injury-related insurance costs.
Robots with advanced machine learning technology not only lift weights easily but also separate valuable raw materials such as stone fractions and metals efficiently without getting affected.
Such factors will boost the adoption of waste sorting robots in several end-user industries, which will be driving market growth.

Key Waste Sorting Robots Market Trend

Pairing humans and robots for effective waste sorting is one of the key waste sorting robots market trends that is expected to impact the industry positively in the forecast period.
Robots are precise and efficient but achieving accuracy with robots alone is also a challenging task. Hence, manufacturers are developing new methods for improving accuracy in sorting waste.
- A gaming company has developed a game through which robots and humans can work together to achieve more precision and efficiency in sorting waste.
- The software has some predefined tasks for humans and robots, where workers use a touchscreen to monitor the materials coming through a conveyor belt.
- With the help of the software, robots can achieve a pick rate of 2,500 picks per hour, which is above the average amount of recyclables.
The combination of humans and robots will help in waste sorting more effectively and efficiently and will induce end-user industries to adopt this combination which will drive the market growth during the forecast period.

Key Waste Sorting Robots Market Challenge

One of the key challenges to the global waste sorting robots industry growth is the potentially high initial investment.
The cost of purchasing waste sorting robots for the short term is higher than hiring personnel or using other equipment for sorting waste.
The maintenance cost of these robots is quite high, which is another major issue for end-users.
As robots are programmed to follow a particular chain of operations, they are efficient at performing repetitive tasks but, at the same time, are not that efficient in carrying out non-repetitive tasks.
Waste sorting robots do not have the ability to switch between tasks easily. For instance, if a particular task needs to be stopped at a time and other work has to be given priority, robots will not be able to perform efficiently.
Such factors may act as a challenge to the growth of the market in the coming years.

This waste sorting robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global waste sorting robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the waste sorting robots market during the forecast period.

Who are the Major Waste Sorting Robots Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the waste sorting robots market encompasses successful business strategies deployed by the key vendors. The waste sorting robots market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

ABB Ltd. - The company offers waste sorting robots that include collaborative robots, Yumi IRB 14000, and human-robot collaboration, which is used for machines that focus more on repetitive tasks, such as inspection and picking, to help workers focus more on tasks that require problem-solving skills.
ABB Ltd. - Through the motion segment, the company designs and manufactures electric motors, generators, drives, and services, as well as offers integrated digital powertrain solutions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The waste sorting robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Waste Sorting Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the waste sorting robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Waste Sorting Robots Market?

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for waste sorting robots in North America. Market growth in this region will be faster than the growth of the market in other regions.

The deployment of robots for assisting industrial processes and manufacturing has been prevalent across North America due to the high adoption of advanced technologies. This will facilitate the waste sorting robots market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the increase in the number of COVID-19 cases negatively impacted the waste sorting robots market in North America. The outbreak of COVID-19 disrupted the economies of various countries in the region, especially the US. However, the region has witnessed a decline in the number of COVID-19 cases with the introduction of COVID-19 vaccines. This has led to the resumption of operations in end-user industries. Thus, with the increasing adoption of waste sorting robots for precision and quality in industrial waste sorting, the market in North America is expected to witness a higher growth rate during the forecast period.

What are the Revenue-generating Application Segments in the Waste Sorting Robots Market?

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The waste sorting robots market share growth by the polyethylene products sorting segment will be significant during the forecast period. The availability of highly advanced waste sorting robots, such as Bollegraaf RoBB AQC, is anticipated to increase their adoption in sorting polyethylene waste in the forecast years.

his report provides an accurate prediction of the contribution of all the segments to the growth of the waste sorting robots market size and actionable market insights on post COVID-19 impact on each segment.

Waste Sorting Robots Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 19.15%
Market growth 2022-2026	$ 8.70 billion
Market structure	Fragmented
YoY growth (%)	18.45
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 40%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., AMP Robotics Corp., Bin-e, Bollegraaf Recycling Machinery BV, Bulk Handling Systems, CleanRobotics, Durr AG, Eagle Vizion, ecoBali Recycling, General Kinematics Corp., Greyparrot AI Ltd, Intuitive AI, Machinex Industries Inc., New Hope Ecotech, PELLENC S.A.S., SADAKO TECHNOLOGIES SL, Specim, Spectral Imaging Ltd., Tomra Systems ASA, Waste Robotics Inc., and ZenRobotics Oy
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Waste Sorting Robots Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive waste sorting robots market growth during the next five years
Precise estimation of the waste sorting robots market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the waste sorting robots industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of waste sorting robots market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 25: Chart on Application - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 27: Chart on Comparison by Application
- Exhibit 28: Data Table on Comparison by Application

5.3 Polyethylene products sorting - Market size and forecast 2021-2026
- Exhibit 29: Chart on Polyethylene products sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Polyethylene products sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Polyethylene products sorting - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Polyethylene products sorting - Year-over-year growth 2021-2026 (%)

5.4 Metallic waste sorting - Market size and forecast 2021-2026
- Exhibit 33: Chart on Metallic waste sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Metallic waste sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Metallic waste sorting - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Metallic waste sorting - Year-over-year growth 2021-2026 (%)

5.5 Cans sorting - Market size and forecast 2021-2026
- Exhibit 37: Chart on Cans sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Cans sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Cans sorting - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Cans sorting - Year-over-year growth 2021-2026 (%)

5.6 Bricks sorting - Market size and forecast 2021-2026
- Exhibit 41: Chart on Bricks sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Bricks sorting - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Bricks sorting - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Bricks sorting - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Application
- Exhibit 45: Market opportunity by Application ($ million)

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 46: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 47: Data Table on End-user - Market share 2021-2026 (%)

6.2 Comparison by End-user
- Exhibit 48: Chart on Comparison by End-user
- Exhibit 49: Data Table on Comparison by End-user

6.3 Plastic industry - Market size and forecast 2021-2026
- Exhibit 50: Chart on Plastic industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Plastic industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Plastic industry - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Plastic industry - Year-over-year growth 2021-2026 (%)

6.4 Metals and minerals industry - Market size and forecast 2021-2026
- Exhibit 54: Chart on Metals and minerals industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Metals and minerals industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Metals and minerals industry - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Metals and minerals industry - Year-over-year growth 2021-2026 (%)

6.5 Food and beverage industry - Market size and forecast 2021-2026
- Exhibit 58: Chart on Food and beverage industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Food and beverage industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Food and beverage industry - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Food and beverage industry - Year-over-year growth 2021-2026 (%)

6.6 Wood industry - Market size and forecast 2021-2026
- Exhibit 62: Chart on Wood industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Wood industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Wood industry - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Wood industry - Year-over-year growth 2021-2026 (%)

6.7 Others - Market size and forecast 2021-2026
- Exhibit 66: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Others - Year-over-year growth 2021-2026 (%)

6.8 Market opportunity by End-user
- Exhibit 70: Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 72: Chart on Market share by geography 2021-2026 (%)
- Exhibit 73: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 74: Chart on Geographic comparison
- Exhibit 75: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2021-2026
- Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026
- Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 APAC - Market size and forecast 2021-2026
- Exhibit 84: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026
- Exhibit 88: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 92: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026
- Exhibit 96: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 China - Market size and forecast 2021-2026
- Exhibit 100: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on China - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026
- Exhibit 104: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 UK - Market size and forecast 2021-2026
- Exhibit 108: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 109: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 110: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 111: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.12 Japan - Market size and forecast 2021-2026
- Exhibit 112: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 113: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 114: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 115: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography
- Exhibit 116: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

10.4 Industry risks
- Exhibit 120: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 121: Vendors covered

11.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

11.3 ABB Ltd.
- Exhibit 123: ABB Ltd. - Overview
- Exhibit 124: ABB Ltd. - Business segments
- Exhibit 125: ABB Ltd. - Key offerings
- Exhibit 126: ABB Ltd. - Segment focus

11.4 AMP Robotics Corp.
- Exhibit 127: AMP Robotics Corp. - Overview
- Exhibit 128: AMP Robotics Corp. - Product / Service
- Exhibit 129: AMP Robotics Corp. - Key offerings

11.5 Bollegraaf Recycling Machinery BV
- Exhibit 130: Bollegraaf Recycling Machinery BV - Overview
- Exhibit 131: Bollegraaf Recycling Machinery BV - Product / Service
- Exhibit 132: Bollegraaf Recycling Machinery BV - Key offerings

11.6 Bulk Handling Systems
- Exhibit 133: Bulk Handling Systems - Overview
- Exhibit 134: Bulk Handling Systems - Product / Service
- Exhibit 135: Bulk Handling Systems - Key offerings

11.7 Durr AG
- Exhibit 136: Durr AG - Overview
- Exhibit 137: Durr AG - Product / Service
- Exhibit 138: Durr AG - Key offerings

11.8 Machinex Industries Inc.
- Exhibit 139: Machinex Industries Inc. - Overview
- Exhibit 140: Machinex Industries Inc. - Product / Service
- Exhibit 141: Machinex Industries Inc. - Key offerings

11.9 SADAKO TECHNOLOGIES SL
- Exhibit 142: SADAKO TECHNOLOGIES SL - Overview
- Exhibit 143: SADAKO TECHNOLOGIES SL - Product / Service
- Exhibit 144: SADAKO TECHNOLOGIES SL - Key offerings

11.10 Tomra Systems ASA
- Exhibit 145: Tomra Systems ASA - Overview
- Exhibit 146: Tomra Systems ASA - Business segments
- Exhibit 147: Tomra Systems ASA - Key offerings
- Exhibit 148: Tomra Systems ASA - Segment focus

11.11 Waste Robotics Inc.
- Exhibit 149: Waste Robotics Inc. - Overview
- Exhibit 150: Waste Robotics Inc. - Product / Service
- Exhibit 151: Waste Robotics Inc. - Key offerings

11.12 ZenRobotics Oy
- Exhibit 152: ZenRobotics Oy - Overview
- Exhibit 153: ZenRobotics Oy - Product / Service
- Exhibit 154: ZenRobotics Oy - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 155: Inclusions checklist
- Exhibit 156: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 157: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 158: Research methodology
- Exhibit 159: Validation techniques employed for market sizing
- Exhibit 160: Information sources

12.5 List of abbreviations
- Exhibit 161: List of abbreviations

in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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