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Industrial Joysticks Market to Grow at a CAGR 5.26% to 2021 - Market Research Hub

03-20-2017 11:18 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Provider - MRH

Market Research Provider

Market Research Provider

The global industrial joysticks market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the demand for customized joysticks. The demand for customized industrial joysticks from manufacturing industries is on the rise. For instance, the maritime, construction, and oil and gas industries require customized industrial joysticks to control different operations in their plant equipment.

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To take advantage of this opportunity, vendors are providing uniquely customized joysticks as per the end-user requirements with more user-friendly features like high-quality design, excellent touch and feel, protection from electromagnetic interference (EMI), and safety. Further, in the heavy machinery segment, the demand for better machine control operations will augment growth in the global industrial joysticks market during the forecast period.

One of the latest trends gaining traction in this market is the development of operator chair systems. Integrated systems provide adjustability and switches for operator safety and comfort, taking ease-of-use and efficiency to new levels while using industrial joysticks. The combined operating system structure comprises an assembly of different functions to enhance comfort and minimizes stressful seating spots for drivers and operators. Consequently, the rapid adoption of operator chair systems is expected to induce growth in the global industrial joysticks market in the coming years.

Competitive landscape and key vendors:

The global industrial joysticks market is a highly consolidated market dominated by established MNC automation manufacturers.

Well-established distribution networks, successful suppliers, and a global presence are the major factors that enable vendors to have established market shares. With rapid technological innovations, the market competition is expected to intensify in the next four years.

Leading vendors in the market are –
• Bosch Rexroth
• Eaton
• GE
• J.R. Merritt Controls

Other prominent vendors in the industrial joysticks market include Cyber-Tech, Danfoss, EUCHNER, Kawasaki Precision Machinery, Orlaco, Parker Hannifin, Schneider Electric, W. Gessmann, and Walvoil.

Segmentation by product and analysis of the industrial joysticks market:-
• Hydraulic industrial joysticks
• Electric industrial joysticks

During 2016, the hydraulic industrial joysticks segment dominated the industrial joysticks market and accounted for a major part of the overall market share. Factors such as simplicity of operation and simple installation are the key to the popularity of this segment in the global market.

Geographical segmentation and analysis of the industrial joysticks market:
• Americas

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In this market study, analysts have estimated EMEA to dominate the industrial joysticks market during the forecast period. The extensive demand for the automation of heavy vehicles in the oil and gas, maritime, and construction industries in the major contributor to the dominance EMEA in the global market.

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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of Market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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