The North American manufacturing execution system market is projected to grow at a significant CAGR during the forecast period (2020-2026). The growth in automotive manufacturing further provides ample growth to the market. According to the International Organization of Motor Vehicle Manufacturers, in 2018, around 17.4 million units of the automobile were manufactured in the North America region and over 11 million units were produced in the US alone. The growth in the automobile industry in the region has further generated the demand for an automated warehousing system to manage automotive parts more efficiently. Hence, the need to implement a manufacturing execution system in the automobile industry in the region is anticipated to drive the growth of the market.
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Moreover, the manufacturing industry has been considerably contributing to the total US GDP, and the National Association of Manufacturers calculates that every dollar in output from manufacturing generates an additional $1.89 of value and every direct job creates 2.5 additional jobs. As per the National Association of Manufacturers, manufacturers contributed $2.38 trillion to the US economy in the fourth quarter of 2018. Therefore, the manufacturing industry has significant growth in the industry and further provides ample scope for market growth. Along with that, the favorable government initiatives in product development and innovation along with the collaboration between the private and government sector to develop automation technology in the region further projected to contribute to the growth of the market.
Market Coverage
Report Elements |
Details |
Study Period |
2019-2026 |
Base year |
2019 |
Forecast period |
2020-2026 |
Segments Covered |
By Deployment and by Industry |
Regions Covered |
US and Canada |
Key Companies Profiled |
ABB Ltd., Honeywell International, Inc., General Electric Co., Emerson Electric Co., Oracle Corp., Rockwell Automation, Inc., Siemens AG, SAP SE, and others |
Key questions addressed by the report
North American manufacturing execution system Market – Segmentation
By Deployment Type
By Industry
North American manufacturing execution system Market – Segmentation by Region
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