Part III. Instruments & Sub-systems: A $319B Opportunity by 2030! Instruments & sub-systems, including lab equipment, meters, centrifuges, and dispensing systems, are set to grow from $227B in 2023 to $319B by 2030 with a 5% CAGR. 🌍 The industry's footprint is shifting: ~ 40% in APAC, ~ 25% in EMEA, and ~ 35% in America, with EMEA growing while APAC and America decline through 2030. Key trends include IoT, AI, and ML adoption, though rapid innovation and market fragmentation pose risks. Key Stats: 📊 Market value (2023): ~ $227B; ~ $319B expected by 2030 📈 Growth (CAGR): ~ 5% until 2030 💹 EBIT margin: ~ 13-16% expected by 2030 Next, we will delve into the dynamics of Base Components. 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 9,160 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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Did you know the industrial sector can benefit significantly from #space services like #satellite communications and Earth observation? Our latest article explores how integrating these technologies can drive up to a 15% increase in gross margins, a 25% growth in revenues, and a 10% reduction in operating #costs. Discover how leveraging space capabilities can transform your business #operations and achieve sustainability goals. 🔗 Read more: https://on.bcg.com/3LClxvW
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In a compelling conversation with Cory Kaplin, we explore the evolving landscape of cost management in process industries like metals, mining, forestry products, and packaging. Amidst rising inflation and labor challenges, companies need sustainable solutions now. 🔍 Key Insights: • Productivity and behavioral changes drive long-term gains. • Effective cost management requires better governance, technology investments, and improved procurement practices. • Everyone in the organization owns the cost agenda. Let's lead the way in achieving deeper, more sustainable change! https://on.bcg.com/4ft9z5J #CostManagement #Productivity #ProcessIndustries #SustainableChange
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Part Ⅱ. 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
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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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Part Ⅰ. 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