Machine Automation Controller Global Market Report 2023– By Controller Type (Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC (IPC)), By Form Factors (IP65, IP20, Other Form Factors (IP40, IP67, and IP69K)), By Industry (Food & Beverages, Automotive, Pharmaceutical, Packaging, Media & Telecommunication, Aerospace, Chemicals, Other Industries)– Market Size, Trends, And Global Forecast 2023-2032

Machinery leasing is a process of obtaining commercial-type and industrial-type machinery, vehicles, or other equipment for temporary use in exchange for periodic payments paid to the machinery owner as leasing rent. Machinery leasing helps make lower monthly payments than with a loan, benefiting from tax advantages, getting a fixed financing rate instead of a floating rate, conserving working capital and avoiding cash-devouring down payments, and gaining immediate access to the most up-to-date business tools. The main types of machinery leasing are heavy construction machinery rental, commercial air, rail, and water transportation equipment rental, mining, oil and gas, forestry machinery and equipment rental, office machinery, and equipment rental, and other commercial and industrial machinery and equipment rental. Heavy equipment rental refers to a location where huge pieces of machinery or large vehicles, typically related to construction, can be stored and retrieved for public use, and may also feature extra and related retail activities. The different modes including online, and offline involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The global machinery leasing market is segmented - 1) By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types The global machinery leasing market size will grow from $372.83 billion in 2022 to $406.76 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of machinery leasing market is expected to grow to $560.72 billion in 2027 at a CAGR of 8.4%. The emergence of start-ups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which is often high-priced, start-ups have started renting or leasing their equipment. The increasing number of start-ups is also expected to positively impact the market. For instance, according to the Department for Promotion of Industry and Internal Trade, the number of start-ups in India reached 16,000 in 2020, depicting new opportunities for the leasing market in client expansion and revenue generation. Major companies in the machinery leasing market report are General Electric Company, United Rentals Inc., Tokyo Century, Berkshire Hathaway Inc., Ashtead Group plc, AerCap Holdings N.V., Fuyo General Lease Co., Ltd., NetJets, Nissan Motor Co Ltd., and Air Lease Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy Companies are increasingly leasing 3D printing equipment for manufacturing purposes. The 3D printer is a computer-aided manufacturing device that creates three-dimensional objects by receiving digital data from a computer as input by building a three-dimensional model out of custom material. 3D printing is gaining popularity as manufacturers are becoming more familiar with industrial-grade 3D printers. Industrial-grade 3D printers are capable of printing large products with high precision and with a wide range of materials. 3D printer leasing can reduce the overall reduction of cost of the manufacturer rather than buying. For instance, Divide by Zero Technologies offers 3D printers on a lease for customers in India. Asia-Pacific was the largest region in the machinery leasing market in 2022. North America was the second-largest region in the machinery leasing market share. The regions covered in the machinery leasing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery leasing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The machinery rental market consists of revenues earned by entities that provide capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery leasing market research report is one of a series of new reports from The Business Research Company that provides machinery leasing market statistics, including the machinery leasing industry global market size, regional shares, competitors with a machinery leasing market share, detailed machinery leasing market segments, market trends and opportunities, and any further data you may need to thrive in the machinery leasing industry. This machinery leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A machine is an equipment with several moving parts that are mechanically, electrically, or electronically operated to perform a specific task. The main types of machinery are automatic and semi-automatic. Automatic machinery refers to machinery that works automatically without human intervention. The specificities are small, medium, and large. The various applications are automotive, precision engineering, transport, and other applications. The global machinery market is segmented - 1) By Type: Automatic, Semi-Automatic 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Precision Engineering, Transport, Other Applications Subsegments Covered: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery, Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Commercial And Service Industry Machinery, Photographic And Photocopying Equipment, Optical Instrument And Lens, HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces), Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory, Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear The global machinery market size grew from $3,542.77 billion in 2022 to $3,810.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%. Rapid advances in technology are expected to drive innovation in machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the machinery manufacturing market during the forecast period. Major companies in the machinery market include Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd., Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Canon Inc., and Tetra Laval International S.A. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. HVAC systems are being integrated with building automation systems for the overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint. HVAC systems account for 60-70% of the total energy consumption of a typical commercial building, thus integrated systems enable commercial establishments to reduce power consumption. For example, advanced BAS technology integrates lighting, water, elevators, security, and HVAC systems into a single automated platform. An integrated lighting and HVAC system automatically controls the lighting and temperature to ideal levels, thus reducing energy consumption and costs. GE and Trane are offering solutions that integrate HVAC with BAS. The Asia-Pacific was the largest region in the machinery market in 2022. Western Europe was the second largest region in the machinery market. The regions covered in the this machinery market analyis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods. The machinery market is segmented into agriculture, construction, and mining machinery; industrial machinery; commercial and service industry machinery; ventilation, heating, air-conditioning, and commercial refrigeration equipment; metalworking machinery; engine, turbine, and power transmission equipment; and other general purpose machinery. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Machine shops, turned product, screw, nut, and bolt refer to a type of machine precision turned and metal fabricated products that are designed for machinery and equipment on a customized basis for the assembling of parts of machines, including engines, gears, and other parts. The main types of machine shops turned product, screw, nut, and bolt are turned product and screw, nut, bolt, and machine shops. Machine shops refer to a workshop in which metal and other substances are cut, shaped, etc., by machine tools. The grades are GR 5.8, GR 8.8, GR10.9, GR 12.9, and other grades. The various applications involved construction, petrochemical, heavy machine equipment, automotive, aerospace, home appliances, motors and pumps, furniture, plumbing products, and other applications. The global machine shops, turned product, and screw, nut, and bolt market is segmented - 1) By Type: Turned Product and Screw, Nut, and Bolt, Machine Shops 2) By Grade: GR 5.8, GR 8.8, GR 10.9, GR 12.9, Other Grades 3) By Application: Construction, Petrochemical, Heavy Machine Equipment, Automotive, Aerospace, Home Appliances, Motors and Pumps, Furniture, Plumbing Products, Other Applications The global machine shops, turned product, and screw, nut, and bolt market size grew from $446.14 billion in 2022 to $486.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of machine shops, turned product, and screw, nut, and bolt is expected to grow to $669.02 billion in 2027 at a CAGR of 8.3%. Rapidly growing urban populations are expected to drive the demand for metal products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world’s population lived in urban areas, and the rate is expected to rise to 68% by 2050. According to the World Bank, the urban population in South Asia is expected to grow to 250 million by 2030. Major companies in the machine shops, turned product, and screw, nut, and bolt market include Berkshire Hathaway Inc., Illinois Tool Works Inc., Stanley Black & Decker Inc., Lisi S.A, The SFS Group AG, MISUMI Group Inc., Bulten AB, and Arconic Inc. The machine shops, turned product, and screw, nut, and bolt manufacturing industry is being restrained by the rise in power tariffs. Globally, there are movements to increase the use of alternative sources of electric power such as solar, wind, and nuclear power. Initiatives by non-governmental organizations (NGOs), multilateral organizations, and many governments to increase the production and use of alternative sources of power and other economic factors cause a rise in overall power tariffs affecting different industries. The rise in the power tariffs increases the production costs, affecting the machine shops, turned product, and screw, nut, and bolt manufacturing market. Many machine shops, turned products, and screw, nut, and bolt manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, that 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Western Europe was the largest region in the machine shops, turned product, and screw, nut, market share in 2021. The Asia-Pacific was the second-largest region in the machine shops, turned product, screw, nut, and bolt market. The regions covered in the global machine shops, turned product, and screw, nut, industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine shops, turned product, and screw, nut, and bolt market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The machine shops turned product, screw, nut, and bolt market consists of sales of fabricated metal parts and fasteners. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machine shops, turned product, and screw, nut, and bolt market research report is one of a series of new reports from The Business Research Company that provides machine shops, turned product, and screw, nut, and bolt market statistics, including machine shops, turned product, and screw, nut, and bolt industry global market size, regional shares, competitors with a machine shops, turned product, and screw, nut, and bolt market share, detailed machine shops, turned product, and screw, nut, and bolt market segments, market trends and opportunities, and any further data you may need to thrive in the machine shops, turned product, and screw, nut, and bolt industry. This machine shops, turned product, and screw, nut, and bolt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Machine vision systems are a set of connected devices which are designed to automatically direct production and manufacturing procedures such as go/no assessments and quality control processes using information retrieved from digital images by examining, analyzing, and identifying static or moving images. The main types of products in machine vision are PC-based and smart camera-based. The PC-based machine vision system consists of a PC with an operating system. A-frame grabber or Ethernet card in the PC interfaces it to the connected cameras to import the images. Images are then analyzed with the help of a software package on the PC that makes decisions and sends data such as pass/fail information to another system. The different offerings include hardware, software, and service and are deployed in the general machine vision system and robotic cell. It is used in quality assurance and inspection, positioning and guidance, measurement, identification, and predictive maintenance and is implemented in various sectors such as automotive, pharmaceuticals and chemicals, electronics and semiconductors, pulp and paper, printing and labeling, food and beverage, postal and logistics, others. The global machine vision market is segmented - 1) By Product: PC Based, Smart Camera Based 2) By Offering: Hardware, Software, Service 3) By Deployment Type: General Machine Vision System, Robotic Cell 4) By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Predictive Maintenance 5) By End-Use industry: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductor, Pulp And Paper, Printing And Labeling, Food And Beverage, Postal And Logistics, Other End-Users The global machine vision market size will grow from $13.54 billion in 2022 to $14.66 billion in 2023, at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the machine vision is expected to grow to $20.64 billion in 2027 at a CAGR of 8.9%. The growing need for quality inspection and automation is expected to propel the growth of the machine vision market over the coming years. Quality control helps the manufacturing industry in detecting production problems early, ensuring product quality, and saving time. Machine vision systems are used to capture images of products to analyze them based on various quality and safety characteristics. For instance, according to robotics and automation news, about 1.4 million industrial robots are used for quality inspection in 2020. In addition, according to World Economic Forum, in 2020, 50% of business leaders are planning to accelerate the automation of repetitive tasks within their organization. Therefore, the growing need for quality inspection and automation is driving the machine vision market growth. Major players in the machine vision market are Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, FLIR Systems, Intel Corporation, ISRA Vision, Keyence Corporation, LMI Technologies Inc., Microscan Systems Inc., National Instruments, Omron Corporation, Optotune AG, Sick AG, Sony Corporation, Teledyne Technologies, Texas Instruments, Tordivel AS, USS Vision, ViDi Systems SA, Bosch Rexroth, Euclid Labs, Perception Inc., and Vitronic GmbH. The implementation of Artificial intelligence (AI) is a key trend gaining popularity in the machine vision market. Artificial intelligence focuses on learning, reasoning, and self-correction and is processed by machines such as computers. Major companies operating in the machine vision systems sector are focused on artificial intelligence-based techniques to strengthen their position. For instance, in February 2020, Basler AG, a Germany-based manufacturer of artificial machine vision equipment systems that identify, control, and monitor manufactured goods during production, launched a new fully integrated development AI Vision Solution Kit with cloud connectivity, allowing AI-based IoT applications to run on an optimized vision system and access cloud services. It significantly minimizes the need for specialist knowledge of embedded hardware and software technology, as well as the complexity of the system. In June 2020, WEG, a Brazil-based motor and industrial equipment manufacturer acquired a 51% stake in Mvisia for an undisclosed amount. Through this acquisition, WEG is expected to grow its company's strategy in digital offering and meet Industry 4.0 demands. WEG is also expected to increase its industrial efficiency through this acquisition and boost its machine vision capabilities. Mvisiais is a Brazil-based machine vision start-up that focuses on using AI tools in the industry. Asia-Pacific was the largest region in the machine vision market in 2022. The regions covered in machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the machine vision market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The machine vision market consists of revenues earned by entities by providing machine vision devices, software, and services such as presence inspection, binary processing, blob analysis, practical positioning, and flaw detection that enable manufacturers to realize the improved process and product quality and system performance. The market value includes the value of related goods sold by the service provider or included within the service offering. The machine market also includes sales of lighting and machine vision system, back lighting, defuse lighting, partial bright field lighting, dark field lighting, vision lens, image sensors, vision processing units, communication systems, and cameras. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machine vision market research report is one of a series of new reports from The Business Research Company that provides machine vision market statistics, including machine vision industry global market size, regional shares, competitors with a machine vision market share, detailed machine vision market segments, market trends and opportunities, and any further data you may need to thrive in the machine vision industry. This machine vision market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automation as a service refers to a service that vendors provide to enterprises that are seeking to implement automation across their organization. Automation helps with improved speed, agility, and service delivery, reduced manual processing, reduced IT spending, improved productivity across departments, and faster troubleshooting. The main types of automation as a service are rule-based automation and knowledge-based automation. Rules-based processes have a high degree of automation potential. Searching, cutting and pasting, updating the same data in multiple places, moving data around, collating, and making simple choices are some examples. The organization size is small and medium-sized enterprises (SMEs) and large enterprises. The business functions which use automation as a service are information technology, finance, human resources, sales and marketing, and operations. The services included managed services and professional services. Banking, financial services, and insurance (BFSI), telecom and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, media and entertainment, transportation and logistics, and other industries use automation as a service solution. The global automation as a service market is segmented - 1) By Type: Rule-Based Automation, Knowledge-Based Automation 2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises 3) By Business Function: Information Technology, Finance, Human Resources, Sales And Marketing, Operations 4) By Service: Managed Services, Professional Services 5) By Industry: Banking, Financial Services, And Insurance (BFSI), Telecom And IT, Retail And Consumer goods, Healthcare And Life Sciences, Manufacturing, Government And Defense, Energy And Utilities, Media And Entertainment, Transportation And Logistics, Others Industries The global automation as a service market size will grow from $5.11 billion in 2022 to $6.32 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automation as a service is expected to grow to $15.46 billion in 2027 at a CAGR of 25.1%. The increasing demand for automation across business processes is driving the growth of automation as a service market. Automation in business operations is the use of technology to carry out repetitive actions and jobs rather than people. Businesses must streamline their recruiting, accounts payable, and contract management procedures to increase productivity and decrease the risk of human mistakes. Additionally, automation can increase overall business function efficiency, standardize best practices, and cost savings. According to McKinsey, a US-based management consulting firm, in 2020, 66% of businesses were piloting solutions to automate at least one business process, which was 57% in 2018, and the percentage of businesses that have fully automated at least one function has grown from 29% in 2018 to 31% in 2020. Therefore, the increasing need for automation in business processes drives the automation as a service market growth. Major players in the automation as a service market are Automation Anywhere Inc., Blue Prism Group plc, HCL Technologies Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, Kofax Inc., Microsoft Corporation, NICE Systems Ltd., Pegasystems Inc., UiPath Inc., Happiest Minds, ITyX, Hexaware Technologies Limited, Calligo, AVEVA Group plc and Arista Networks. Technological advancements are a key trend in the automation as a service market. Companies in automation as a service market are adopting advanced technologies to strengthen their position in the market. Visual inspection, machine learning (ML), artificial intelligence (AI), and use of cloud are advancements in the automation as a service market. The integration of these advanced technologies with automation as a service can make a significant difference to the enterprises' business as it can provide game-changing results such as the highest quality outcomes and innovation of new practices in addition to reducing labor, improving efficiency, and minimizing costs. For instance, in August 2020, Arista Networks, an American computer networking company launched Network Automation as a Service with CloudVision that uses AI and ML. The new service offers automation of multi-domain networks for clients that helps achieve faster time-to-value, elastic scaling, and continuous network assurance. Moreover, it enables a unified and automated deployment, provisioning, and maintenance experience for customers. In July 2022, WNS Holdings, an India-based business process management company, acquired Vuram for $165 million. With this acquisition, WNS will accelerate its organizational transition to human-assisted, digitally led services and solutions. The breadth of expertise Vuram has in assisting major businesses to achieve enterprise automation, and business transformation is in line with the short- and long-term strategic goals of WNS. Vuram is an India-based company that offers enterprise automation, customized, scalable, and end-to-end business process management solutions. Vuram has about 900 people working in different cities across India, US, Mexico, Australia, Canada, and UK. North America was the largest region in the automation as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automation as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automation as a service market includes revenues earned by entities by providing automation services enabling an organization in automating the business processes by recording and analyzing information from the existing applications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automation as a service market research report is one of a series of new reports from The Business Research Company that provides automation as a service market statistics, including automation as a service industry global market size, regional shares, competitors with a automation as a service market share, detailed automation as a service market segments, market trends and opportunities, and any further data you may need to thrive in the automation as a service industry. This automation as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automation testing refers to a software testing technique that executes a test case suite using special automated testing software tools to cut testing costs, deliver capabilities more quickly, and to improve the software's efficacy, efficiency, and coverage. Automation testing employs an automation tool to execute the test case rather than a human manually executing the suite by following step-by-step instructions. The main component of automation testing are testing type and services. The testing component of automation testing are testing software designed to reduce testing costs, deliver features more quickly, and improve the software's efficacy, efficiency, and coverage. Performance testing, regression testing, functional testing, unit testing, and other types of automation testing are examples of testing types. The automation testing type are functional testing and non-functional testing, that are applied to advisory and consulting services, planning and development services, implementation services, and managed services, used by IT and telecommunication, BFSI, healthcare, retail, transportation and logistics, aviation, hospitality, government, and energy and power. The global automation testing market is segmented - 1) By Component: Testing Type, Services 2) By Type: Functional Testing, Non-Functional Testing 3) By Service: Advisory And Consulting Services, Planning And Development Services, Implementation Services, Managed Services 4) By End-User: IT And Telecommunication, BFSI, Healthcare, Retail, Transportation And Logistics, Avaiation, Hospitality, Government, Energy And Power The global automation testing market size will grow from $19.75 billion in 2022 to $24.39 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automation testing is expected to grow to $45.07 billion in 2027 at a CAGR of 16.6%. The growth in the demand for automation of the testing process is expected to propel the development of the automation testing market. Automation testing provides many benefits like completing routine tasks, quickly discovering faults, accuracy, and continuous feedback, which saves time and personnel and will lead to lower software testing costs. These benefits are prompting businesses to adopt automation testing for their software. Furthermore, digitalization and automation tools assist in lowering the reliance on labor. This enables to automate business processes and create new digitalized testing models by leveraging web-based solutions and cutting-edge technologies such as blockchain, IoT, 5G, cloud computing, robots, AI, and d+B23ata science. For Instance, In December 2021, according to a report on the digitalization of SMEs published by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization indicates that 97% of global companies have accelerated automation technology adoption, including SMEs representing more than 90% across the globe. Therefore, an increase in the demand for automation of the testing process will drive the automation testing market growth. Major players in the automation testing market are Accenture plc, AFour Technologies, Applitools, Astegic Inc., Broadcom Inc., Capgemini SE, Cigniti Technologies Limited, Codoid Innovations Private Limited, Cygnet Infotech, Froglogic, IBM, Infostrecth, Invensis, Keysight Technologies, Micro Focus, Worksoft, Mobisoft Infotech, Parasoft, ProdPerfect, QA Mentor, QA Source, Ranorex, Sauce Labs, Smartbear Software, Testim.io, Thinksys, Tricentis and QualityKiosk Technologies. The rapid adoption of advanced technologies is the key trend gaining popularity in the automation testing market. The advantage of advanced automation testing is that it can help reduce time-to-market and launch a bug-free product by handling repetitive tasks with fewer resources, maximizing return on Investment for businesses. It provides better insights than manual testing when some tests fail. Major companies operating in the automation testing market are employing advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to reduce the complexity and enhance the usability of their automation testing services. For instance, In July 2020, Micro Focus, a UK-based provider of software and consultancy services, announced AI-powered enhancements to the UFT Family's intelligent testing capabilities, a solution designed to reduce the overall complexity of automating functional testing processes. These new AI-based capabilities ensure that application teams can meet growing demands effectively, efficiently, and agilely by increasing test coverage and resiliency while decreasing test creation time and maintenance efforts. In February 2021, Sauce Labs Inc., a US-based cloud-hosted, web and mobile-based automation testing solution, acquired AutonomIQ for an undisclosed amount. The acquisition will help Sauce Labs increase the variety of solutions the company offers as AutonomIQ specializes in quickly and easily executing tests on software as a service (SaaS) and low-code applications using Artificial Intelligence (AI) and Machine Learning (ML) as leverage. AutonomIQ is a US-based automation testing company. North America was the largest region in the automation testing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automation testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automation testing market includes revenues earned by entities by providing implementation, and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automation testing market research report is one of a series of new reports from The Business Research Company that provides automation testing market statistics, including automation testing industry global market size, regional shares, competitors with a automation testing market share, detailed automation testing market segments, market trends and opportunities, and any further data you may need to thrive in the automation testing industry. This automation testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Machine safety refers to the sensor, devices, or switches used to control workplace accidents and improve production efficiency. The objective of machine safety is to protect workers from the hazards of machinery and the hazardous effect related to it. Machine safety controllers monitor safety and non-safety input devices providing safe stop and start functions for machines with motion. The main types of implementations of machine safety are individual and embedded components. Individual machine safety components are used for individual machine components. Individual components, also known as hardware, are a primary component of a machine that includes structural components, mechanics, and control components. Presence sensing safety sensors, safety interlock switches, safety controllers/modules/relays, programmable safety systems, emergency stop controls, and two-hand safety controls are some parts employed in machine safety. Systems including assembly, material handling, metalworking, packing, robotics, and others, require machine safety. Chemicals, food and drink, aircraft and military, automotive, semiconductor and electronics, healthcare and pharmaceuticals, metals and mining, and other industries that employ machine safety are among those that use machine safety. The global machine safety market is segmented - 1) By Implementation: Individual Components, Embedded Components 2) By Component: Presense Sensing Safety Sensors, Safety Interlock Switches, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls 3) By System: Assembly, Material Handling, Metal Working, Packaging, Robotics, Other Systems 4) By Industry: Oil And Gas, Energy And Power, Chemicals, Food And Beverages, Aerospace And Defense, Automotive, Semiconductor And Electronics, Healthcare And Pharmaceuticals, Metals And Mining, Other Industries The global machine safety market size grew from $4.91 billion in 2022 to $5.26 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global machine safety is expected to grow to $7.27 billion in 2027 at a CAGR of 8.4%. The strict machine safety mandates is expected to propel the growth of the machine safety market during the forecast period. Due to the increasing workplace accidents and poor public safety management, many government and international organizations are introducing strict machine safety mandates for machinery at the workplace. These safety mandates aim to enable safer use of machinery and improved safety management. For instance, in August 2020, The Bureau of Indian Standards (BIS), has implemented 32 ISO standards as per (Indian Standard (Type - A) for Electrical Machine: 16504 (Part 1): 2017 / IEC 60204 -1: 2008) on machinery safety, owing to GPQI's (Global Project Quality Infrastructure (GPQI) assistance. These standards aid in the reduction of technical trade barriers while also protecting workers and the environment. Therefore, the strict machine safety mandates drive the market for machine safety. Major players in the machine safety market are ABB Ltd., Schneider Electric SE, Honeywell International Inc., Emerson Electric Co, Rockwell Automation Inc., Mitsubishi Electric Corporation, Sick AG, Siemens AG, Keyence Corporation, Omron Corporation, Banner Engineering Corp, General Electric Co, IDEC Corporation, Pilz GmbH & Co KG and Balluff GmbH. Technological advancement is the key market trend gaining popularity in the machine safety market. Major companies operating in the machine safety market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation machine safety solutions technologies into their products and related services, such as ultrasound, infrared, magnetic, radio technology, laser scanners, safety controllers, encoders and interlock switches, and others to communicate potential mechanical issues and control the injuries caused by machines. For instance, in August 2021, OMRON Corporation, a Japanese electronics company, announced the VT-S10 Series. This new inspection system employs artificial intelligence and image technology to automate high-precision processes for PCB sub-assemblies. In June 2022, Clarion Safety Systems, a US-based safety systems company, acquired Machine Safety Specialists for an undisclosed amount. With this acquisition, the clarion and machine safety specialists will expand their risk compliance and assessment offerings, providing their clients with additional consulting and machine safety training services. Machine Safety Specialists is a US-based machine safeguarding company that offers OSHA machine guarding, risk assessment, and safety training. Western Europe was the largest region in the machine safety market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global machine safety industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the machine safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The machine safety market consists of sales of safety sensors, safety interlock switches, and safety controllers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machine safety market research report is one of a series of new reports from The Business Research Company that provides machine safety market statistics, including machine safety industry global market size, regional shares, competitors with a machine safety market share, detailed machine safety market segments, market trends and opportunities, and any further data you may need to thrive in the machine safety industry. This machine safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Machine tools, also referred to as stationary power-driven equipment, are used to shape or create pieces made of metal or other materials. These are used for cutting, boring, grinding, shearing, and also used for deformations. The main types of machine tools are milling machines, drilling machines, turning machines, grinding machines, electrical discharge machines, and others. The milling machines tools are referred to as multi-purpose machines that can mill and turn materials as well. A milling machine is a circular tool that has several cutting edges symmetrically arranged all over it. This machine is used for flat and irregularly shaped surfaces. These are used to drill, bore, and cut gears. The different automation types include CNC machine tools and conventional machine tools which are distributed by several sales channels, including direct, and indirect. It is employed in various industries such as automotive, aerospace and defense, construction equipment, power and energy, industrial, and others. The global machine tools market is segmented - 1) By Product Type: Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines, Other Product Types 2) By Automation Type: CNC Machine Tools, Conventional Machine Tools 3) By Sales Channel: Direct, Indirect 4) By Industry: Automotive, Aerospace and Defense, Construction Equipment, Power and Energy, Industrial, Other Industries The global machine tools market size grew from $87.72 billion in 2022 to $93.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global machine tools market is expected to grow to $112.58 billion in 2027 at a CAGR of 4.8%. The growing manufacturing industry is expected to propel the growth of the machine tools market going forward. Machine tools refer to power devices that are used to process workpieces and act as important equipment in the manufacturing process of mechanical parts. These machines are used for forming, cutting, and joining tools. As a result growth in the manufacturing industry will increase the demand for machine tools. For instance, in September 2021, according to India Brand Equity Foundation (IBEF), an India based government agency, 2021 India received $30 billion worth of foreign direct investments which increased to 15% when compared to previous years and also in the same year, the government approved the production-linked incentive (PLI) scheme worth $3.53 billion for the manufacturing auto industry and drone industry to boost India’s manufacturing capabilities. Therefore, the growing manufacturing industry is driving the growth of the machine tools market. Major players in the machine tools market are Doosan Machine Tools Co. Ltd., Makino, Georg Fischer, JTKET Corporation, Komatsu NTC Ltd., OKUMA Corporation, Hyundai WIA, Chiron Group SE, Haas Automation Inc., Yamazaki Mazak Corporation, Amada Private Limited, MAG IAS GmbH, GROB-WERKE GmbH and Co. KG, Ace Micromatic Group, Spinner Machine Tools, Dalian Machine Tools Group Corporation, and Electronica Hitech Engineering Pvt. Ltd. New product innovations have emerged as the new key trend gaining popularity in the machine tools market. Major companies operating in the machine tools market focused on new product innovations to sustain their position in the market. For instance, in June 2022, LMW Machine Tool Division, an India-based automation machinery manufacturing company, launched 2 new machines – the JG 50 Vertical Machining Center and LF20C Twin G Twin Turret Chucker, and showcased 3 latest machines and machining solutions at INTEC 2022 exhibition held in Coimbatore. The unique features of the JG 50 Vertical Machining Center include very high acceleration of greater than 1G and spindle speed up to 16,000 rpm. LF20C Twin G Twin Turret Chucker has dual spindles and dual turrets which indicate it has 2 CNC Turning Centers combined into one machine. In April 2021, EMAG Group, a Germany-based provider of the latest technological advances to optimize a manufacturing solution for every customer’s requirement acquired Samputensili Machine Tools for an undisclosed amount. With this acquisition, EMAG is broadening its area of technologies by adding gear production processes such as shaving, tooth flank grinding, gear shaping, profile grinding, and generating grinding. Samputensili Machine Tools is an Italy-based company that specializes in producing high-quality gear cutting tools. Asia-Pacific was the largest region in the machine tools market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global machine tools market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machine tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The machine tools market consists of sales of lathes and boring mills, shapers and planers, drilling machines, power saws, and presses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machine tools market research report is one of a series of new reports from The Business Research Company that provides machine tools market statistics, including machine tools industry global market size, regional shares, competitors with a machine tools market share, detailed machine tools market segments, market trends and opportunities, and any further data you may need to thrive in the machine tools industry. This machine tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.