2014 industrial machinery market growth doubling

A recent column by Andrew Robertson from IHS Technology states that 2014 will see high demand for machines in the manufacturing sector – pushing the market to new heights in the next five years. He actually states that there will be a doubling of growth this year alone.

Reasons cited for the strong growth forecast are improvements in economic conditions, worldwide, pushing revenues to $1.6 trillion this year, up from $1.5 trillion in 2013 – an annual growth of 6.3%, more than twice the 2.9% growth seen in 2013.

Robertson goes on to say that, this forecast from strong growth will continue for the next four years – estimating revenues to rise to $2.0 trillion by 2018 – averaging an annual growth rate of between 5% and 6%.

Positive market outlook news is great as we approach IMTS 2014 this coming September. It appears that sales growth for industrial machines is being driven by a number of factors – growing populations, expanding middle classes in development countries, and overall demand for goods.

With this type of news, making plans to attend IMTS 2014 – which will have more than 1,900 exhibitors, more than 69 conference sessions, and plenty of time to connect with those companies that can help you capitalize on this market – it would be prudent to start planning your visit to the show.

We will be in booth W-100 – Today’s Technology Center – and would welcome a visit from you so you can tell us how the market is doing for you, what you see on the horizon, and how you are going to capitalize on it.