Packaging machinery called big opportunity for controls makers

May 11, 2006
The total value of all packaging machinery produced within Europe, the Middle East, and Africa is expected to exceed 15.6 billion Euros by 2009, a compound annual growth rate (CAGR) of nearly 5%.

 

So say automation analysts at IMS Research. IMS analyzed seven kinds of packaging machinery and found that filling and dosing equipment accounted for over 20% of all packaging machinery sales. This segment offers the largest opportunity for automation-component suppliers targeting the packaging machinery market, IMS claims. "Packaging machinery is a particularly attractive market for automation-component suppliers as the automation content of a machine typically accounts for about 15 to 20% of the total cost," says senior analyst Tim Dawson.

"Not only is the packaging machinery market itself experiencing growth," Dawson continued, "but the amount of automation equipment used by machine builders is also rising as companies integrate more robotics, servomotors, and control equipment to make machines more flexible and productive."

U.K.-based IMS Research conducts market research on global electronics markets.

Sponsored Recommendations

NEW Low Profile, Ultra Compact Power Supplies

March 13, 2024
Learn more HERE about Altech's Power supplies!

Altech's Liquid Tight Strain Relifs Catalog

March 13, 2024
With experienced Product Engineers and Customer Service personnel, Altech provides solutions to your most pressing application challenges. All with one thought in mind - to ensure...

Industrial Straight-Through Cable Gland

March 13, 2024
Learn more about Altech's cable glands and all they have to offer for your needs!

All-In-One DC-UPS Power Solutions

March 13, 2024
Introducing the All-In-One DC-UPS, a versatile solution combining multiple functionalities in a single device. Serving as a power supply, battery charger, battery care module,...

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!