Home TECHNOLOGY Mechanical Engineering 2030: Study Shows Four Future Scenarios

Mechanical Engineering 2030: Study Shows Four Future Scenarios

Scenario analyzes have the advantage that they allow a look at various alternatives in the future. The current Deloitte study “Mechanical Engineering 2030” shows four realistic scenarios for which the industry should be prepared.

Mechanical engineering 2030 – this is the name of the new study by Deloitte. The company is mainly known for auditing and tax advice but is increasingly concerned with risk analyzes and future scenarios. The most important news first: According to the study, engineering know-how from Germany, Austria, and Switzerland, the so-called DACH region, is still in demand worldwide. And that also applies if technology companies dominate the business or if competitors from China have advanced to become technology leaders in the region. At first glance, it sounds like a relaxed lean back. But the experts at Deloitte see it differently. They forecast major challenges for the industry that need to be mastered.

The scenarios are thought models that are quite realistic from today’s perspective and could occur by 2030. By then, they have defined the following measures, which are useful in almost every case and can therefore already be tackled by mechanical engineering:

  • Digitize core processes
  • Think globally
  • Maintain resilience
  • Incorporate sustainability
  • Build up an ecosystem
  • Maintain customer access
  • Define Asia strategy • Meet
  • Employee needs creatively

Two Starting Points For Mechanical Engineering In 2030

For the study, the experts made two basic assumptions—the first deals with the trend towards increasingly complex packages of machines, services, and software. As a result, they see a mechanical engineering company increasingly working in one or more ecosystems. Several partners are involved, with the one in the lead contributing the decisive steps in creating value.

Mechanical Engineering Relies On F And E Even In Difficult Times

The second basic assumption focuses on digitization. It offers the possibility of building machines in a more flexible and modular way with a core of adaptable software. They would become the new “standard machines” and therefore replace the “special machines” that were developed individually for the customer and his needs and that have shaped the industry’s success in recent decades. The Deloitte experts call it “specialization versus standardization.” This resulted in four realistic scenarios for mechanical engineering in 2030.

Scenario 1 For Mechanical Engineering 2030: A Fragile Paradise

The starting point is the success of the machine builders in the DACH region with the tried and tested means. Accordingly, highly specialized machines are still the solution. At the same time, the DACH machine builders retain the lead within their ecosystems. In it, they continuously develop further innovations that consolidate and further develop their position. Customer proximity and knowledge remain the most important success factors. At the same time, some developments cast doubts about the leading role played by the DACH machine builders. These include Strong competition in standard machines through further development of artificial intelligence and robotics. Technology companies that can invest a lot of money in such products also strive for a leading position in the market.

Scenario 2 For Mechanical Engineering 2030: Success At The Price Of Transformation

Standard machines establish themselves on the market. Mechanical engineers in the DACH region provide the technology used in it and most of the software. The experts see the vision of “Industry 4.0” as a reality. The result: The machine builders are the undisputed market leaders in automated production and thus also dominate the added value in their ecosystems. On the other hand, the once important competitive advantage, “customer knowledge,” takes a back seat, while error-free processes take their place. Customers benefit from standardized and modular machines that enable efficient and flexible production at the same time. This leads to a boom in DACH mechanical engineering and throughout Europe.

Scenario 3 For Mechanical Engineering In 2030: Paradise Lost

Should this scenario occur, the technology corporations take over the market power—the reason: their vision for the industrial Internet of Things. You have extensive knowledge of the exclusive machine and customer data. In doing so, they set software standards and optimize automated production processes, in which mainly inexpensive standard machines are the means of choice. After all, they enable higher added value, which comes primarily from their software. Mechanical engineering is changing towards a technology supplier in this model and is also competing with the Asian competition. They lack customer contact, which also weakens the innovative strength of mechanical engineering.

Scenario 4 For Mechanical Engineering 2030: Placed By The Ecosystem

What would it look like if the machine software added more value than the machine itself? This is what the fourth scenario in the Deloitte study deals with. The special devices would then come from mechanical engineering, but the software platform would also come from large software providers. In addition, other players have now been added: B2B platform providers often control access to customers, own machine data, and write customer-specific software. This reduces the added value on the part of the machine builder, which at the same time significantly weakens their position. Services that have established themselves in the market – for example, “Equipment as a Service” or “Factory as a Service” – push this further. And that’s exactly why you have to have the machine data.

Tech Cults
Tech Cults is a global technology news platform that provides the trending updates related to the upcoming technology trends, latest business strategies, trending gadgets in the market, latest marketing strategies, telecom sectors, and many other categories.


Word Comments And Revisions: How To Track Changes On The Document

How tracking changes applied to a Word document works: revisions and comments are just a click away. Although collaborative editors are increasingly "popular," Word...

Holding Company: What Is It For, And What Are The Benefits?

Most entrepreneurs have yet to learn the benefits that the establishment of a holding company can offer, thinking that such instruments are only advantageous...

Fix The Android Device Not Enough Space Error

One of the most frequent complaints from owners of Android smartphones is the appearance of messages, Insufficient space on the device, or The storage...

Embracing Technology: Advancements In Waste Management For A Greener Future

Waste management is an essential component to achieve environmental sustainability goals and building a greener future. It has become increasingly important to implement innovative...

Key Real Estate Branding Techniques And Tips

You’re probably trying to make the purchase or sale process as simple as you can for your client if you work in real estate....

The Transformative Impact Of Technology On Business And Retail Real Estate

Recent years have seen a considerable disruption in the retail sector, partly as a result of the quick development of technology. The landscape of...