Replacement Demand
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / March / March 16, 2007
Replacement Demand to Power Growth in the European Mechanical Testing and Handling Equipment Market

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Replacement Demand to Power Growth in the European Mechanical Testing and Handling Equipment Market

Mumbai, Maharashtra, India

Replacement demand is currently the most important driver in the European mechanical testing and material handling equipment market. Products from established manufacturers are increasingly being replaced by novel offerings from new participants, driving competition and volume sales.

Frost & Sullivan (http://www.transportation.frost.com) finds that the European Mechanical Testing and Material Handling Equipment Market earned revenues of €566.8 million in 2005 and estimates this to reach €725.73 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Strategic Analysis of the European Mechanical Testing and Handling Equipment Market, then send an e-mail to Ravinder Kaur, Corporate Communications, at ravinder.kaur@frost.com with your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information by email upon receipt of the above information.

"As customers attempt to constantly update and equip themselves with the latest technologies, they are no longer willing to limit themselves to traditional manufacturers," explains Frost & Sullivan Senior Research Analyst Benny Daniel. "End consumers are signing contracts with manufacturers with these competencies, generating fresh demand for garage equipment as a result."

To keep pace with the latest developments in vehicle technology, garage equipment manufacturers are building close ties with vehicle manufacturers. This strategy is assisting their R&D efforts to provide repair centres and end users with sophisticated and technologically competent equipment.

"Most automobile manufacturers and test equipment OEMs maintain training centres to instruct repair staff on the use of equipment and diagnostics," says Mr. Daniel. "Companies can take advantage of these facilities to promote their technologies, as end users would be more accustomed to the type of equipment being offered."

Due to superior technology, however, the interval recommended by vehicle manufacturers for inspections is increasing. As vehicles become more reliable and parts/components benefit from an extended warranty period, the need for inspection or repair assistance, and consequently visits to garages and workshops, has reduced.

Other challenges include the possible slackening of future investment in garage equipment in the short term, as well as high levels of competition, which have driven several companies to seek growth opportunities through acquisition.

"Innovation and new product introduction capability are now enabling niche manufacturers to cater to the top-end market, where the return on investments (ROI) is very high, with equally high risk of involvement," adds Mr. Daniel. "This is an alternative to the conventional trend of mergers and acquisitions commonly witnessed across the market."

At present, manufacturers capable of integrating wireless and other technological developments into workshops are vertically integrating vehicle diagnosis capabilities with standard garage equipment functionalities. Such companies are leading the emergence of new entrants, providing the complete garage solutions demanded by consumers. Existing participants need to make use of this untapped market and follow suit.

"Most manufacturers adopt a pricing strategy failing to realise that quality, robustness, and reliability are long-term factors, which sustain products, manufacturer identity and brand image," advises Frost & Sullivan's Automotive & Transportation Programme Manager, Anil Valsan. "Equipment manufacturers need to establish close relations with automobile manufacturers, as they lead in providing service stations with certain equipment and brands."

Also, mechanical testing and handling equipment manufacturers need to emphasise modular design and concepts, enabling customers to buy equipment which suits varied budgets.

Strategic Analysis of the European Mechanical Testing and Handling Equipment Market is part of the Automotive & Transportation Subscription, which also includes research in the following markets: Analysis of the Eastern European Diagnostics Equipment Market, European Hand Held Diagnostics Equipment Markets and, European Remote Vehicle Diagnostic System Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

Strategic Analysis of the European Mechanical Testing and Handling Equipment Market
M05E-18

Ravinder Kaur, Corporate Communications - South Asia & ME, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Michael Banks, Corporate Communications - Europe, Frost & Sullivan, +44 20 7915 7876 michael.banks@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on March 16, 2007

UMC Expands Global Customer Service Network with India Office
Business Wire India

Replacement Demand to Power Growth in the European Mechanical Testing and Handling Equipment Market
Business Wire India

Huge Growth Potential for the Fuel Cells Market Due to Energy Efficiency and Environmental Concerns
Business Wire India

Also see International News / Press Releases on March 16, 2007

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us