FEA Market in Industrial Machinery to Record a Growth of USD 475.96 Mn, 37% of Market Growth to Originate from North America - Technavio

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The FEA market size in industrial machinery is expected to grow by USD 475.96 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 10.56% during the forecast period, according to Technavio. The market has been segmented by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

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By geography, North America is expected to lead the FEA market in industrial machinery during the forecast period. This growth is attributed to factors such as the focus on increasing productivity and improving manufacturing processes. However, market growth in this region will be slower than the growth of the market in APAC. The US and Canada are the key countries for the FEA market in industrial machinery in North America. The robust manufacturing sector in countries such as the US is driving the demand for industrial machinery.

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By deployment, the cloud-based segment will be a significant contributor to market growth during the forecast period. Vendors are offering cloud-based FEA software, with the rising demand for cloud-based solutions. Thus, the demand for cloud-based solutions is expected to increase during the forecast period owing to the rise in the adoption of simulation and analysis software among SMEs. The global FEA market in industrial machinery is undergoing a technological shift driven by advances in cloud technology. Enterprises that implement a cloud model only need to pay for the resources they have used. Thus, the cloud model reduces maintenance and initial costs. SMEs are price-sensitive and thus prefer cloud-based FEA software.

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The growing demand for analysis software is driving the FEA market growth in industrial machinery. Analysis software helps in validating, predicting, and optimizing products across the industrial machinery industry. It can optimize device performance, identify potential compliance issues, reduce the number of physical prototypes, and minimize the risk of test failures and recalls. Thus, the rising demand for analysis software across the industrial machinery industry is expected to drive the growth of the market during the forecast period.

The rise of cloud-based FEA software is a growing trend, shaping the FEA market growth. Cloud-based and mobile-based FEA software is a significant technological advancement in the market. It enables designers and programmers to access the software and collaborate on results. The deployment of FEA software on the cloud leads to cost savings, improved scalability, and reduced maintenance. Hence, the adoption of cloud-based FEA software is expected to support the growth of the market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the report, which will help vendors improve their strategies to stay ahead of their competitors. Buy Now to gain access to detailed information about each vendor

Industrial Machinery Remanufacturing Market by End-user and Geography - Forecast and Analysis 2022-2026: The rising adoption of repair and remanufacture for industrial machinery is a trend in the market. Industrial machinery is generally exposed to corrosive and harsh environments, which can result in significant wear and tear. To solve this problem, industrial machinery manufacturers provide remanufacturing and repairing services that use technologies such as plasma arc welding and laser cladding.

High-Efficiency Particulate Air (HEPA) Filter Industrial Machinery Market by Application and Geography - Forecast and Analysis 2021-2025: Increasing oil and gas pipeline activity are a major trend. The oil and gas industry is a key end-user of HEPA filters. Gas turbines are used to power compressors in the pumping station.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

• 5.1 Market segments 
• Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

• 5.2 Comparison by Deployment 
• Exhibit 26: Chart on Comparison by Deployment
• Exhibit 27: Data Table on Comparison by Deployment

• 5.3 Cloud-based - Market size and forecast 2021-2026
• Exhibit 28: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)

• 5.4 On-premise - Market size and forecast 2021-2026
• Exhibit 32: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on On-premise - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on On-premise - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Deployment 
• Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 China - Market size and forecast 2021-2026
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Altair Engineering Inc. 
• Exhibit 89: Altair Engineering Inc. - Overview
• Exhibit 90: Altair Engineering Inc. - Business segments
• Exhibit 91: Altair Engineering Inc. - Key offerings
• Exhibit 92: Altair Engineering Inc. - Segment focus

• 10.4 ANSYS Inc. 
• Exhibit 93: ANSYS Inc. - Overview
• Exhibit 94: ANSYS Inc. - Business segments
• Exhibit 95: ANSYS Inc. - Key news
• Exhibit 96: ANSYS Inc. - Key offerings
• Exhibit 97: ANSYS Inc. - Segment focus

• 10.5 Aspen Technology Inc. 
• Exhibit 98: Aspen Technology Inc. - Overview
• Exhibit 99: Aspen Technology Inc. - Business segments
• Exhibit 100: Aspen Technology Inc. - Key offerings
• Exhibit 101: Aspen Technology Inc. - Segment focus

• 10.6 Autodesk Inc 
• Exhibit 102: Autodesk Inc - Overview
• Exhibit 103: Autodesk Inc - Product / Service
• Exhibit 104: Autodesk Inc - Key news
• Exhibit 105: Autodesk Inc - Key offerings

• 10.7 COMSOL AB 
• Exhibit 106: COMSOL AB - Overview
• Exhibit 107: COMSOL AB - Product / Service
• Exhibit 108: COMSOL AB - Key offerings

• 10.8 Dassault Systemes SE 
• Exhibit 109: Dassault Systemes SE - Overview
• Exhibit 110: Dassault Systemes SE - Product / Service
• Exhibit 111: Dassault Systemes SE - Key news
• Exhibit 112: Dassault Systemes SE - Key offerings

• 10.9 ESI Group SA 
• Exhibit 113: ESI Group SA - Overview
• Exhibit 114: ESI Group SA - Business segments
• Exhibit 115: ESI Group SA - Key news
• Exhibit 116: ESI Group SA - Key offerings
• Exhibit 117: ESI Group SA - Segment focus

• 10.10 Hexagon Manufacturing Intelligence 
• Exhibit 118: Hexagon Manufacturing Intelligence - Overview
• Exhibit 119: Hexagon Manufacturing Intelligence - Product / Service
• Exhibit 120: Hexagon Manufacturing Intelligence - Key offerings

• 10.11 NUMECA International 
• Exhibit 121: NUMECA International - Overview
• Exhibit 122: NUMECA International - Business segments
• Exhibit 123: NUMECA International - Key offerings
• Exhibit 124: NUMECA International - Segment focus

• 10.12 Siemens AG 
• Exhibit 125: Siemens AG - Overview
• Exhibit 126: Siemens AG - Business segments
• Exhibit 127: Siemens AG - Key news
• Exhibit 128: Siemens AG - Key offerings
• Exhibit 129: Siemens AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 130: Inclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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SOURCE Technavio