Technavio, a tech-focused market research firm, has published a new report on the global PLM market in consumer goods industry, which is expected to experience an impressive growth rate with a CAGR of more than 12% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global PLM market in consumer goods industry for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global PLM market in consumer goods industry into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global PLM market in consumer goods industry for 2015 (market share %)
|
Americas |
47.88% |
|
EMEA |
32.25% |
|
APAC |
19.87% |
Source: Technavio
The Americas: largest revenue generating region for PLM market in consumer goods industry
The global PLM market in the consumer goods industry in the Americas generated around $630 million revenues in 2015 and will grow at a CAGR of over 10% by 2020. The increasing requirement for faster time-to-market, reducing manufacturing cost, and efficient management of complex global supply chain is driving the growth in the American market. The presence of leading consumer goods companies and PLM software vendors will help the Americas to maintain its market position during the forecast period. The US is the key revenue generating country in this region. The consumer goods industry in the Americas uses PLM software to complete market research, product innovation, designing, manufacturing, branding, and marketing. The adoption of PLM tools such as CAD, CAE, FEA and NC helps in the designing and manufacturing of consumer goods.
“The implementation of granular, analytical, and customer-based solutions like PLM tools, cPDM and DM by the consumer products companies will help in the growth of the market in this region. The extensive use of mobile apps, social media, and online shopping sites will encourage companies to use PLM software tools. The vendors in the market are focusing on developing the latest technologies that include nanotechnology, big data, and 3D printing,” says Amrita Choudhury, a lead analyst at Technavio, specializing in research on product lifecycle management.
Click here to request a free sample of this report
PLM market in EMEA
The PLM market in the consumer goods industry in EMEA was valued at about $430 million in 2015 and will grow at a CAGR of around 12% by 2020. The increasing adoption of production automation, simulation, visualization, and 3D modeling using PLM software will fuel the market growth in EMEA. Countries such as France, the UK, and Germany will be the key revenue generators in this market. PLM tools are primarily used for effective product design, development duration, and production cost in this market. The use of technologies for digital product development and digital manufacturing to streamline the company’s manufacturing process will help in the development of better and more efficient PLM tools during the forecast period.
PLM market in APAC
The PLM market in the consumer goods industry in APAC was valued at around $260 million in 2015 and will grow at a CAGR of close to 17% by 2020. Countries like China, Japan, India, Australia, Indonesia, and South Korea will emerge as the leading revenue generators in this region. The increasing demand for process automation from the consumer good industry will make APAC the fastest-growing region in the market. The increasing foreign direct investment in China will help in the development of the market during the forecast period. Top consumer goods industries in the region include Japan Tobacco, ITC Limited, Panasonic, and Sony.
The top leading vendors operating in the global PLM market in consumer goods industry are:
- Aras
- Autodesk
- Centric Software
- Dassault Systèmes
- Oracle
- PTC
- Siemens PLM Software
Other prominent vendors in the market include 3D Systems, AllCAD, ANSYS, Arahne, ARText, Audaces, BONTEX, CadCam Technology, Cadonix, CD-adapco, C-Design, Fashion CAD, Gerber Technology, Graebert, TurboCAD, IronCAD, MSC Software, Numeca, and SAP.
A more detailed analysis is available in the Technavio report titled, ‘Global PLM Market in Consumer Goods Industry 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global PLM Market in the Electrical and Electronics Industry 2016-2020
- Global PLM in the Automotive Sector 2016-2020
- Global PLM Market in the Aerospace and Defense Sector 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
