Industrial Equipment and Machinery Manufacturing Industry Digest

This Industry Digest serves as a technical report on the industrial equipment and machinery manufacturing market. It outlines the challenges faced by manufacturers, such as long production lead times and the integration issues with legacy ERP systems. The report details the importance of digital transformation and highlights modern ERP applications that enhance mobility and connectivity with engineering applications. It presents an overview of the industry's growth, projecting an increase from $535 billion in 2020 to $573 billion in 2021, with a compound annual growth rate of 7.1%. The document also lists critical features to consider when evaluating ERP applications and provides resources for manufacturers to aid in their digital transformation efforts. Additionally, it discusses the various industry segments and employment statistics, emphasizing the need for manufacturers to adopt modern technologies to remain competitive.