General Purpose Equipment: A $306B Global Business Opportunity by 2030! General purpose equipment, including forklifts, cranes, power tools, and measuring & testing equipment, is set to grow from $243B in 2023 to $306B by 2030 with a 3-4% CAGR. 🌍 The industry's footprint is shifting: ~ 40% in Asia, ~ 30% in Europe, and ~ 30% in North America, with Asia and North America growing while Europe declines due to slower economic growth and increased competition from cost-effective Asian manufacturers. Key trends include robotics, ergonomic design, and customization, though price wars and trade uncertainties pose risks. Key Stats: 📊 Market value (2023): ~ $243B; ~ $306B expected by 2030 📈 Growth (CAGR): ~ 3-4% until 2030 💹 EBIT margin: ~ 8-10% expected by 2030 Next, we will delve into the dynamics of Instruments & Sub-systems. 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 9,141 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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The aerospace sector is at a critical juncture with foundries and forges becoming significant bottlenecks in production and servicing. Boston Consulting Group (BCG)'s Laura Juliano, Greg Mallory, Lacy Ketzner, and Kristin Squires delve into the root causes and propose strategic measures for OEMs and Tier 1 suppliers to enhance performance. Immediate actions include improving demand signals and investing in engineering expertise. Long-term strategies focus on securing capacity, innovating designs, and balancing manufacturability with performance. Explore these strategies in our comprehensive analysis: https://on.bcg.com/3zNB5uf #SupplyChain #Innovation #EngineeringExcellence #Aerospace #Defense
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We are thrilled to announce our participation in the Envision Racing Automotive Summit tomorrow in London! 🚗 Join our experts, Nathan Niese and Felix Stellmaszek, as they engage in pivotal discussions on sustainable mobility. Felix, our Global Leader of Automotive & Mobility, will be presenting on the long-term outlook for cleaner and more circular transportation. #FormulaE is pioneering the future of sustainable mobility through electric racing, reshaping perceptions to combat the climate crisis. If you're attending, don’t miss the chance to connect with Felix or Nathan! #raceagainstclimatechange #FutureOfMobility #EV
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Are consumers willing to pay more for eco-friendly construction? Our latest insights reveal significant regional and segment-based differences in willingness to pay for #greenbuildings. Discover how consumers in the USA, UK, France, Germany, and Saudi Arabia vary in their willingness to invest in sustainability. Learn more in Martin Feth's in-depth article! https://on.bcg.com/4cFj53z
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✈️ Did you know over 75% of aerospace and defense programs exceed their timelines and more than 40% run over budget? Our latest article explores proactive strategies to overcome these challenges. Discover how setting a clear North Star production target can keep your program on track. 🔗 Read more: https://on.bcg.com/3xNYgnE #Aerospace #Defense
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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
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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