With Market Size Valued at $11.6 Billion by 2026, it`s a Healthy Outlook for the Global Machine Control System Market
SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Machine Control System – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 3727
Companies: 42 – Players covered include Andritz Automation; Belden, Inc.; Leica Geosystems AG; Maximatecc; MOBA Mobile Automation AG; Prolec Ltd.; RIB Software SE; Schneider Electric SA; Topcon Corporation; Trimble, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Construction, Agriculture, Transportation, Mining, Marine, Waste Management, Utilities, Other End-Use Industries); Equipment (Excavators, Dozers, Graders, Scrapers, Loaders, Other Equipment); Type (Total Stations, GNSS, Laser Scanners, Airborne Systems, GIS Collectors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Machine Control System Market to Reach $11.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Machine Control System estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$11.6 Billion by 2026, growing at a CAGR of 13.3% over the analysis period. Excavators, one of the segments analyzed in the report, is projected to record a 13.4% CAGR and reach US$5.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dozers segment is readjusted to a revised 12.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Machine Control System market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 12.8% over the analysis period. Among the other noteworthy geographic markets are Japan
Graders Segment to Reach US$2.9 Billion by the year 2026
In the global Graders segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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