The global market for Predictive Maintenance for Manufacturing Industry is estimated at US$2.2 Billion in 2023 and is projected to reach US$9.8 Billion by 2030, growing at a CAGR of 23.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the predictive maintenance market is driven by several factors, including the increasing adoption of IoT and AI technologies, the rising demand for reducing maintenance costs and downtime, and the growing emphasis on operational efficiency among manufacturers. As industries continue to embrace Industry 4.0, the integration of digital technologies into industrial practices has become more prevalent, bolstering the demand for advanced maintenance technologies that can predict equipment failures before they occur. Additionally, as manufacturing processes become more complex, the need for sophisticated maintenance solutions that can handle large-scale operations efficiently becomes crucial.
Consumer behavior is also shifting towards sustainability, prompting companies to invest in technologies that not only save cost but also minimize environmental impact by reducing waste and energy consumption. These drivers, coupled with increased investments in R&D by tech companies to innovate more advanced and integrated solutions, continue to propel the market growth of predictive maintenance within the manufacturing industry.
The growth in the predictive maintenance market is driven by several factors, including the increasing adoption of IoT and AI technologies, the rising demand for reducing maintenance costs and downtime, and the growing emphasis on operational efficiency among manufacturers. As industries continue to embrace Industry 4.0, the integration of digital technologies into industrial practices has become more prevalent, bolstering the demand for advanced maintenance technologies that can predict equipment failures before they occur. Additionally, as manufacturing processes become more complex, the need for sophisticated maintenance solutions that can handle large-scale operations efficiently becomes crucial.
Consumer behavior is also shifting towards sustainability, prompting companies to invest in technologies that not only save cost but also minimize environmental impact by reducing waste and energy consumption. These drivers, coupled with increased investments in R&D by tech companies to innovate more advanced and integrated solutions, continue to propel the market growth of predictive maintenance within the manufacturing industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Predictive Maintenance Software segment, which is expected to reach US$4.9 Billion by 2030 with a CAGR of a 21.9%. The Predictive Maintenance Services segment is also set to grow at 25.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $574.3 Million in 2023, and China, forecasted to grow at an impressive 27.3% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Predictive Maintenance for Manufacturing Industry Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Predictive Maintenance for Manufacturing Industry Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Predictive Maintenance for Manufacturing Industry Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Accenture PLC, Axiomtek Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 115 Featured):
- ABB Ltd.
- Accenture PLC
- Axiomtek Co., Ltd.
- Augury Inc.
- AKKA Technologies
- Altizon Inc.
- Asystom
- ActionPoint Technology Limited
- AllBlock
- Arch Systems
- Arrelic
- Avanseus Holdings Pte. Ltd.
- Alteria Automation
- Ainsworth
- Axzon
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- ABB Ltd.
- Accenture PLC
- Axiomtek Co., Ltd.
- Augury Inc.
- AKKA Technologies
- Altizon Inc.
- Asystom
- ActionPoint Technology Limited
- AllBlock
- Arch Systems
- Arrelic
- Avanseus Holdings Pte. Ltd.
- Alteria Automation
- Ainsworth
- Axzon
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 482 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.2 Billion |
| Forecasted Market Value ( USD | $ 9.8 Billion |
| Compound Annual Growth Rate | 23.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
