DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/swvn96/global_plc_market) has announced the addition of the "Global PLC Market in Automotive Industry 2015-2019" report to their offering.
The global PLC market in the automotive industry to grow at a CAGR of 8.36% over the period 2014-2019
Global PLC Market in Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC and EMEA; it also covers the landscape of the global PLC market in automotive industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The global resurgence of the automotive industry is bringing a positive outlook for the automotive manufacturer and the PLC market. Since 2012, there has been a continuous increase in the production and sales of commercial and passenger vehicles due to growing consumer confidence toward the economy. The major countries where the demand for vehicles has increased over the last five years are China, the US, Germany, and Mexico. This has resulted in increased investments in the automotive industry leading to higher demand for automation systems such as PLCs.
According to the report, the benefits of improved manufacturing efficiency include higher operating margins, better ROI, increased cash flow, improved relationships with stakeholders and employees, and a more favorable corporate and brand image. All these create a direct impact on the profitability of manufacturers. Thus, the growing demand for high efficiency in manufacturing is expected to drive the growth of the PLC market in Europe over the forecast period.
Further, the report states that one of the major roadblocks for the PLC market in the automotive industry is the lack of product differentiation. PLCs with similar features and functions are available in the market from a number of vendors, which makes it difficult for the automotive manufacturer to select the best automation solution that meets their requirement.
To calculate the market size, the report considers revenue generated from the following:
- Sales of PLC solutions in automotive industry
Other prominent vendors
- Koyo Electronics
For more information visit http://www.researchandmarkets.com/research/swvn96/global_plc_market