Industrial Equipment and Machinery Manufacturing Industry Digest

This Industry Digest serves as a technical report on the industrial equipment and machinery manufacturing market, focusing on the challenges faced by manufacturers in managing production amidst long lead times and complex supply chains. It outlines the limitations of legacy ERP systems and the necessity for digital transformation within the industry. The report details the expected growth of the market, projected to rise from $535 billion in 2020 to $573 billion in 2021, driven by segments such as construction machinery. It discusses the importance of modern ERP applications that enhance integration and automation, and it lists critical features to consider when evaluating new ERP systems. Additionally, the document provides resources for manufacturers to aid in their digital transformation efforts, including industry events and associations, emphasizing the need for manufacturers to adapt to new technologies to remain competitive.