While stagnation, debt crisis, an aging society, and engineering shortages in Europe are creating structural problems, emerging Asia will recover more quickly to become the largest PLC market from 2016 onwards. The current problems are mostly of a cyclical nature, and long-term indicators point nowhere but up. Still, the times of prolonged double-digit growth will not return.
This development is being driven by demand in China and the emerging Asian market, which will continue to grow at above average rates. In addition to Japan; China, Korea, and Taiwan have now established themselves as part of the global machinery market. These markets will also shift towards more high-end automation in the forecast period, developing more sophisticated machinery for export.
“Manufacturing Renaissance, Industry 4.0, and re-shoring are trends that describe the future return of manufacturing in developed markets. However, future development will prove whether this is wishful thinking or if manufacturing and automation will re-emerge in developed nations,” according to Analyst Florian Güldner, the principal author of ARC’s “PLC and PLC-based PAC Global Market Research Study”
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