Manufacturing Execution System (MES) Market is Expected to Reach USD 19,364.7 Million in 2023

According to a new market report published by Transparency Market Research “Manufacturing Execution System (MES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” manufacturing execution system market was valued at USD 7,860.5 Million in 2014; and is expected to reach USD 19,364.7 Million in 2023, growing at a CAGR of 11.1% from 2015 to 2023.

Manufacturing Execution Systems (MES) are integrated software application aimed to provide manufacturing industries with the means to schedule and plan, direct and operate, and track and analyze their operations. Presently, manufacturing industries are experiencing increasing overhead and material costs. In addition, intense economic conditions are compelling manufacturers to surge production in a cost effective way. This in turn is leading to rising need for implementation of industrial control systems aimed to optimize processes and provide better visibility of the shop floor. Need for quicker turnarounds and efficient utilization of resources or inventories is further driving the need for automation in industries. MES solutions offers real-time information of the shop floor, allowing end user industries to quickly response to any challenge that could negatively impact efficiency, productivity and quality. In addition, MES solutions offer uninterrupted visibility into production operations, gaining an overall view of the shop floor. Demand for industrial automation, better visibility of the shop floor and need for real-time control and adjustments to operations is driving the demand for manufacturing execution system (MES).

However, requirement of high initial investment upfront, end user industries are often reluctant to install MES, which in turn is posing as a major factor restraining the market growth. Moreover, rising complexities in manufacturing industries is leading to complexities in installation of MES, further limiting the growth of the MES market. Growth opportunities for key players in the MES market lies in increasing penetration of industrial internet of things (IoT), which in turn is leading to rising demand for next-generation advanced MES solutions across the globe.

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The global manufacturing execution system (MES) market is categorized based on process and discrete industry. Process industry includes oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment and others. Other process industry segment includes textiles, and steel and aluminum. In 2014, oil and gas segment contributed the majority of the global MES market share by process industry in terms of revenue. Based on discrete industry, the global manufacturing execution system (MES) market is segmented into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG, and others. Others segment includes semiconductors, furniture & wood products, and printing and publishing. Amongst discrete industry, automotive segment held the majority of the market share in terms of revenue in 2014. Surge in installation of MES in automotive industry to meet increasing demand for faster time to market is driving the growth of the segment.

Geographically, North America led the manufacturing execution system (MES) market in 2015. Growth in this region is attributed to the rising need for advanced MES in industries aimed at integrating data from ERP and routing the information to plant floor for efficient operation. Europe followed North America and held the second largest market share in terms of revenue in 2014. Asia Pacific region closely followed Europe region and is anticipated to grow at the highest rate during the forecast period.

Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of manufacturing execution system (MES) industry. Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.

The report studies the global manufacturing execution system (MES) market, and provides estimates in terms of revenue (USD Million) from 2015 to 2023. Market estimates on the basis of process industry, and discrete industry for each region.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Growth Of Snack Food Manufacturing Market

Snacks are referred to foods that can be prepared and served within short span of time. The concept of snacks originated from America where people eat on a frequent basis. The Snack Food Manufacturing Market can be segmented on the basis of type and by geography. By type the snack food manufacturing market can be classified into salted snacks manufacturers, bakery snacks manufacturer, frozen snacks manufacturer and others. The salted snack can be further bifurcated into potato chips, meat snacks, popcorn, junk foods and others. The bakery snacks include confectionary snacks. The not so common types of snacks such as drinks, batter and dough based snacks are included in others segment. Geographically the snack food manufacturing market can be segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).

Presently the most important factor preferred by consumers regarding snacks is taste and health consideration. Consumers are unwilling to sacrifice any of them. Over the last few years the fast food manufacturing market is growing extensively. The snacks food manufacturing market is primarily driven by increasing trend of nuclear family coupled with change in lifestyle. The shift towards nuclear family with both parents working has increases the demand for healthy and authentic quick foods. In addition, higher disposable income and inclination towards food habit of western countries are also boosting the demand of snack foods.

However, the increasing incident of obesity in many countries and government regulations regarding procurement of vegetables, meat and other raw materials acts as the restraining factor for the growth of snack food manufacturing industry. In spite of these restraining factors the fast food manufacturing market is expected to stand firm.

In 2014, among the snack types confectionaries accounts for the largest share in Europe and middle east. Whereas in Asia Pacific region refrigerated snacks offer almost one third of the overall snacks sale.

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Europe and North America held the largest share of snack food but the growth rate is slow as the market has become saturated since it is dominated by few market leaders such as ConAgra Foods Inc., Frito lay’s and Cadbury Schweppes.. However, annual sales are growing at a faster rate in developing regions like Asia Pacific. The prime factor responsible for this is growing urbanization. With increasing urbanization comes the busy work schedule. Thus there has been a growing trend of people leaning towards fast and healthy snacks for their breakfast and lunch.

There has been a tough competition in the developed market within the large number of snacks food manufacturing industries operating to serve to a smaller population. Majority of the snack food manufacturing companies are keeping an eye on the developing markets in Asia pacific and Latin America. However the expansion must be made judiciously as many snack food manufacturing company are suffering losses due to unplanned expansion.

Some of the Major Market Players of Snack food manufacturing market include ConAgra Food Inc., Kellogg Company, Nestle USA Inc., and Cadbury Schweppes Plc. And Frito Lay’s.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.