Growing Industrial Capital Expenditure in the Americas to Top $1 Trillion by 2015
Nov 21, 2012
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Industrial capital expenditure in the Americas will exceed the $1 trillion mark by 2015, boosted by strong growth from all 15 end-user sectors examined in a new report from IMS Research.
The study found investment continues to recover following the economic downturn - when many projects were postponed or cancelled - with industrial capital expenditure forecast to grow 6.8% from 2011 to 2012.
Growth in capital expenditure is aimed at increasing capacity in order to keep up with rising demand from recovering economies, but is also driven by a number of other factors:
* meeting ever-changing regulatory challenges
* increasing efficiency
* improving safety
* new product development
The United States is, and will remain, the leading nation in terms of growth in capital expenditure. The U.S. is followed by Canada and Brazil.
Brazil is expected to overtake Canada by 2016.
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