A US$223 Billion Global Machine Tool Market by 2030 and 36 Other Technology Stats You Need to Know
For the past three years, business leaders and organizations have faced an unyielding procession of challenges. As we usher in 2023, many of those challenges persist, and new ones are emerging. Yet, as unwavering as the challenges have been, technology and innovation have proven to be just as resilient.
In its new whitepaper, 37 Technology Stats You Need to Know for 2023, global technology intelligence firm ABI Research has identified and highlighted the most impactful forecasts that illuminate the direction in which digital transformation is truly heading.
“From among the many millions of data points ABI Research creates each year, we have focused on the most enlightening stats that will shape the year ahead. The rapid growth of the global machine tool market and digitation spending by Fast-Moving Consumer Goods (FMCG) manufacturers are just two of the many changes on the horizon indicative of a more connected, technology-driven world,” Stuart Carlaw, Chief Research Officer at ABI Research explains.
Some stats highlighted in the whitepaper include:
Industrial & Manufacturing Technologies:
ABI Research forecasts that the machine tool market will reach US$222.9 billion in 2030 in Manufacturing Value Added (MVA). “This is primarily driven by new product design facilitating the need for new machine tools, old equipment reaching the end of its lifecycle and requiring replacement, and new machine tool solutions being provided and upgrade incentives,” explains James Prestwood, ABI Research Analyst.
Industrial and Manufacturing Markets:
According to ABI Research Director Michael Larner, “Digitalization spending by process manufacturers and firms in the extractive industries are forecast to grow by CAGR 8.8% over the next 10 years. In 2027, digitalization spending by FMCG manufacturers is forecast to overtake spending by oil & gas producers to become the largest spender.”
“Nobody has a crystal ball, but we can say with relative certainty that the challenging climate will persist well into 2023. These statistics should provide insights and actionable data needed to chart a successful course in 2023 and beyond,” Carlaw concludes.
Download the whitepaper, 37 Technology Stats You Need to Know for 2023, to learn more.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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