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News Release from: IMS Research | Subject: IMS Research - packaging machinery
Edited by the Manufacturingtalk Editorial
Team on 10 February 2006
Packaging machinery usage to exceed EUR
15.6bn
Automation analysts forecast that the total production value of packaging machinery within EMEA is expected to exceed EUR 15.6 billion by 2009 experiencing a CAGR of nearly 5%.
The total production value of packaging machinery within EMEA is expected to exceed EUR 15.6 billion by 2009 experiencing a CAGR of nearly 5%, according to a new report from leading automation analysts IMS Research The report analysed seven different packaging machinery types and found that filling and dosing machinery was the largest market accounting for over 20% of packaging machinery production revenues
This article was originally published on Manufacturingtalk on 31 Jan 2003 at 8.00am (UK)
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It was also the machine type found to offer the largest opportunity for automation component suppliers targeting the packaging machinery market.
Senior analyst Tim Dawson commented: "Packaging machinery is a particularly attractive market for automation component suppliers as the automation content of a machine typically accounts for about 15 - 20% of the total machine cost." Dawson continued: "Not only is the packaging machinery market itself experiencing growth, but the amount of automation equipment being used by machine builders is also increasing as companies integrate more robotics, servo motors and control equipment to increase machine flexibility and productivity".
"This should make the market very appealing to automation component suppliers in EMEA." Increased automation expenditure is allowing users to replace often obsolete mechanical solutions.
This increases the reliability of machinery, reduces downtime and often reduces labour costs as fully automatic machines require less employee involvement and training.
Machine vision is also being used more often for replacing much more costly manual inspection where mistakes are common.
* About IMS Research - IMS Research is a specialist supplier of market research and consultancy services on global electronics markets.
Information from IMS Research is used by major companies worldwide to assess market trends, solve marketing problems, and improve the efficiency of their businesses.
IMS Research is an international company, selling in more than 40 countries around the world and is supported by headquarters in Wellingborough, UK; an office in Austin, Texas, USA; and an office in Shanghai, China.
IMS Research's Industrial Automation Group produces data on the markets for operator interfaces (HMI hardware), programmable logic controllers (PLCs), factory communications, including both fieldbus and industrial Ethernet; machine vision systems and numerous machinery sectors.
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