ASEAN Machinery and Equipment Sector Report 2024-2025
An EMIS Insights Industry ReportEMIS is an ISI Markets Company Date: October 2024
Pages: 45
Available in: English
In 2023, the global machinery and equipment sector expanded by 7.6%, driven by infrastructure projects and the demand for industrial, construction and agricultural machinery amid pressures from inflation and supply chain constraints. Key trends included increased automation, energy-efficient technology and eco-friendly machinery. Companies like Caterpillar and Hitachi invested heavily in R&D to align with global environmental standards and reduce emissions. Digital technology adoption was crucial, with predictive analytics and IoT enhancing productivity and equipment lifecycle management, thus minimising downtime and improving efficiency. Construction, smart manufacturing and renewable energy machinery were in high demand as industries pursued automation and green energy transitions. Additionally, global regulatory efforts, like the EU Green Deal, pushed for emissions reduction and greater transparency in supply chains, prompting companies to adopt sustainable practices and technologies across the sector.
This report provides a complete and detailed analysis of the "Computer hardware manufacturing" sector for Asia Pacific. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.
What this report allows you to do:
- Understand the key elements at play in the "Computer hardware manufacturing" sector in Asia Pacific
- Crystallise the forces both driving and restraining this sector in Asia Pacific
- Ascertain Asia Pacific’s position in the global sector
- Build a complete perspective on sector trade, investment and employment
- Understand the competitive landscape and who the major players are
- View M&A activity and major deals
- Gain an understanding of the regulatory environment for the sector in Asia Pacific.
- Build a clear picture of trends, output and consumption for specific sub-sectors
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