Stationary Machinery: A $765B Opportunity by 2030! Stationary machinery, including equipment for food & beverage, semiconductors, PV manufacturing, and electronics assembly, is set to grow from $494B in 2023 to $765B by 2030 with a 6% CAGR. 🌍 The industry's footprint is shifting: ~ 50% in Asia, ~ 40% in Europe, and ~ 10% in North America, with Europe and North America gaining market share due to supply chain diversification and rising labor costs in Asia. Key trends include automation, energy efficiency, and electrification, though increasing competition may impact profitability. Key Stats: 📊 Market value (2023): ~ $494B; ~ $765B expected by 2030 📈 Growth (CAGR): ~ 6% until 2030 💹 EBIT margin: ~ 9-11% expected by 2030 Next, we will delve into the dynamics of General Purpose Equipment. For further insights, connect with Jonathan Brown and Sebastian Heimbach. #IndustrialGoods #Greentech #Machinery #Automation #BCGInsights
BCG on Industrial Goods
Business Consulting and Services
Boston, MA 9,122 followers
Driving Excellence in Industrial Solutions | Explore Our Latest Thinking
About us
Companies throughout the industrial goods sector are confronting the need for change by redefining themselves, their offerings, and the way they do business. BCG’s industrial goods consulting teams have proven expertise in helping clients adapt, compete, and win. At BCG, out Industrial Goods consulting team partners with leading industrial product makers and service providers around the world to help them solve some of today’s most critical challenges. Our expertise spans across several sectors including Automotive & Mobility, Materials & Processes, Machinery & Automation, and Aerospace & Defense. Follow this page for a collection of latest thinking and news from BCG’s Industrial Goods Practice.
- Website
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https://www.bcg.com/industries/industrial-goods/insights
External link for BCG on Industrial Goods
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
- Headquarters
- Boston, MA
- Founded
- 1963
- Specialties
- Agribusiness , Chemicals, Machinery and Industrial Automation, Building Materials, Forest Products, Paper and Packaging, Aerospace and Defense, Greentech, Metal, Mining, and Automotive & Mobility
Updates
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Boston Consulting Group (BCG)’s Karthik Valluru was recently quoted in The New York Times discussing the global market for copper and the rising theft of scrap metal. According to Karthik, #copper is the most important metal in the energy transition, leading to a surge in demand that has far outpaced the supply. Karthik provides advice on how companies can adopt stronger recycling strategies for scrap as cities continue to see theft of this critical metal. 🔗 Check out the full article here: https://on.bcg.com/3VXnRm8
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🚀 Transforming #Manufacturing with Digital & #AI! Explore how digital technology and AI are revolutionizing manufacturing, integrating advanced tech with a focus on people and processes for scalable value and lean operations. A clear vision, robust capabilities, and coordinated stakeholder involvement are key, along with strong data infrastructure and governance. 🔗 Read more: https://on.bcg.com/3W1vHer Special thanks to our Boston Consulting Group (BCG) authors John Knapp, Kasey Phillips, Ph.D., Ian Sullivan, Alex Yurek, Denis Dörbandt, KAUSHIK SHUBHANK, and Melissa Hartwick for their insights.
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📢 New Report: #AfricaMiningOutlook2024 The mining sector is at a turning point. Our latest report, "African Mining Outlook: Challenges and Opportunities," highlights: 📌 Geopolitical Changes: Rapid adaptation is essential. 📌 Energy Issues: South Africa’s sector, 8% of GDP, struggles with high costs. 📌 Environmental Impact: Mining accounts for 7% of global emissions. Sustainable practices are a must. 📌AI Innovations: AI can revolutionize efficiency and profitability. Special thanks to Peter Clearkin, Tycho Möncks, Kevin P Naicker, Alexis Bour, and Yandi Mini for this insightful report. 🔗 Read it here: https://on.bcg.com/3xLyuQR #Mining #Sustainability #AI #EnergyTransition #BCGinAfrica
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Boston Consulting Group (BCG) and Bosch Digital are setting new standards in #digitaleadership. By flattening hierarchies and increasing international diversity, we are crafting a more #agile and inclusive future together. Our collaboration exemplifies how BCG's expertise in digital transformation leads to impactful results. Special thanks to Ulrike Hetzel, Anja Unglaub, Nina Kataeva, Jan C. Wulff, and Paul Sörgel for sharing this exciting journey. https://on.bcg.com/3LaSsaC
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🌍 Bridging Sustainability and Customer Needs. Companies face the challenge of aligning #sustainability goals with customer demands for cost and quality. Boston Consulting Group (BCG)'s new approach leverages #DeepTech, combining synthetic biology with #AI and robotics, to create green products that meet both environmental and market demands. 🔗 Read more: https://on.bcg.com/4bxsCIC A special thanks to our experts: Jerome Moreau, Rodolphe Mouvet, John Paschkewitz, Melike Yavuz Inonu, Andrew Reilly, and Lauren Taylor for their invaluable insights. For more details, feel free to reach out to them directly.
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📈 Every year, nearly $200 billion worth of recyclable materials are discarded. By focusing on #circularity, companies can intercept this waste, benefiting both the environment and their bottom line. For example, copper and plastic alone represent $70 billion and $50 billion in recyclable value, respectively. Imagine the possibilities if we could recover even half of this value. 🔗 Read more in "Circularity's Time Has Come," the latest article in our #FutureofProcessIndustries series: https://on.bcg.com/45FWjpP
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The Breakthrough Energy Summit 2024 was a resounding success! Boston Consulting Group (BCG)'s Cornelius Pieper, Jan Philipp Bender, and Hubertus Meinecke shared their expertise in engaging discussions about the future of clean energy and industrial decarbonization. Cornelius highlighted the rapid pace of technological innovation: “The thing that excites me most about the energy transition and industrial #decarbonization is not one particular technology, but it’s to look at the pace of how these technologies are scaling up and how we are underestimating the development.” A big thank you to Breakthrough Energy for hosting this inspiring event and to our BCG delegates for their valuable contributions. Let's continue to drive forward the clean energy revolution together! 🚀 #BESummit24 #BCGatBESummit
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🚀 The future of vehicles is here, and it's driven by software. Dive into the latest insights with the World Economic Forum's new briefing paper, "Advancing Industry Collaboration in Vehicle Software". Discover how leading automotive and #tech experts are shaping the next generation of software-defined vehicles (#SDVs). • Learn about the crucial role of collaboration in developing cutting-edge vehicle software. • Explore the potential of SDVs to revolutionize the #automotive industry. • Get insights into the complexities and opportunities of the vehicle #software platform. Special thanks to our Boston Consulting Group (BCG) contributors: Dr. Markus Hagenmaier, Alex Koster, and Nikolaus S. Lang. Download the report here: https://on.bcg.com/3REfs5p
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When it comes to #electricvehicles, public sentiment has hit both highs and lows. However, Boston Consulting Group (BCG)'s global lead for automotive and mobility, Brian Collie, cautions we shouldn't overreact with each new quarter that unfolds, but take time understanding customers to navigate short-term uncertainty. He joined host Georgie Frost on The So What from BCG #podcast for an in-depth discussion on the current state of the EV industry. They explored advancements in tech, comfort and drivability that highlight a promising future for EVs. 🎧 Don’t miss out: https://on.bcg.com/3xzlnC7
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