Global Industrial Joysticks Market Size is Projected to Reach USD 1.3 billion USD by 2025

The Industrial Joysticks industry was 388 million USD in 2017 and is projected to reach 556 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 4.6% between 2017 and 2025. The market is driven by various end-user industries, such as Agricultural and Forestry, Construction, Marine and Others.

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Market concentration of Industrial Joysticks industry is high. Curtiss-Wrightand and APEMare the top two players in Industrial joysticks market, with about 12.59% and 10.98% market share separately in 2017. Other prominent vendors in industrial joysticks market include Bosch Rexroth, Spohn & Burkhardt, Kawasaki Precision Machinery, RAFI GmbH & Co. KG, Schneider Electric, Danfoss, W. Gessmann and etc. Many local and regional vendors offer high-tech, highly customized products at lesser prices than international vendors. Due to this, though new vendors are entering the market, they are finding it increasingly difficult to compete with present vendors based on quality, features, functionalities, and services. The competitive environment is likely to increase due to rise in product extensions, technological advancements, and growth in M&A activities.

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The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Industrial Joysticks Sales Market Report 2018 report released by QYResearch provides the Industrial Joysticks market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Industrial Joysticks market by product type and applications/end industries.

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