PUBLISHER: TechNavio | PRODUCT CODE: 1681299
PUBLISHER: TechNavio | PRODUCT CODE: 1681299
The industrial automation market in North America is forecasted to grow by USD 25483.9 million during 2024-2029, accelerating at a CAGR of 8.4% during the forecast period. The report on the industrial automation market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of industry 4.0 and smart manufacturing, rising labor costs and workforce shortages, and reshoring and government initiatives.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.9% |
CAGR | 8.4% |
Incremental Value | $25483.9 mn |
Technavio's industrial automation market in North America is segmented as below:
By Product
By End-user
By Geographical Landscape
This study identifies the growing mergers and acquisitions as one of the prime reasons driving the industrial automation market in North America growth during the next few years. Also, increasing use of industrial robots and cobots and introduction of new solutions will lead to sizable demand in the market.
The report on the industrial automation market in North America covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation market in North America vendors that include ABB Ltd., Azbil Corp., Danfoss AS, Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., Fuji Electric Co. Ltd., GE Vernova Inc., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, OmniVision Technologies Inc., OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the industrial automation market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.