Middle East Business: Digitalisation takes machinery ‘beyond the machine’: Bain & Company – Gulf Digital News

Middle East Business: Digitalisation takes machinery ‘beyond the machine’: Bain & Company – Gulf Digital News

The global machinery and equipment industry stands at a critical moment as it confronts a whirlwind of disruptive forces, facing its leaders with fundamental and accelerating change over the next decade, says Bain & Company.

In its first Global Machinery & Equipment Report, Bain & Company analyses the wave of digital-driven transformation sweeping the sector.

The report explains how the emerging winners from these powerful trends are embracing “machinery beyond the machine,” experimenting aggressively beyond the industry’s traditional boundaries. It reveals how this strategic approach is propelling winning companies past competitors in a high-stakes race that is turbocharging sales growth and profits—as well as fueling a surge in mergers and acquisitions (M&A) activity and private equity (PE) dealmaking. And it maps out the key moves that machinery and equipment players can make over the next two to three years to tackle this transformational agenda.

“The tectonic shifts reshaping the entire machinery sector are being driven by rapidly intensifying competition, a slowdown in hardware-centered innovation, and the power of digitalization to radically change virtually every aspect of the business,” Michael Staebe, leader of Bain & Company’s Global Machinery and Equipment practice, said.

“The industry’s traditional focus on smarter, faster, cheaper machines as the key to