Top Markets Series: Industrial Automation

The United States is a major global producer of industrial automation equipment, broadly defined as the hardware and components used to automate systems in manufacturing or industrial settings. With nearly $10.5 billion worth of exported equipment in 2015, the United States remains a competitive top-tier supplier to global markets.

Despite a slight decrease overall from 2014 to 2015, the next two years will likely see increases in U.S. industrial automation exports. This is largely a result of the growing global market for automation equipment, for which the United States is a top-tier supplier. The industrial automation market is driven by the need to reduce operational costs and improve productivity. While the recession of 2008 has largely passed, the deep impression left by the global credit crunch will continue to drive companies to streamline processes and automate production. This in turn will drive demand for industrial automation products in the short term.

Ready to expand your business to new markets? EXIM can help boost your competitiveness and close more deals.

White paper sponsored by EXIM Bank