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Research Report

TSIA Industrial Equipment 40, Q4 2020

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The TSIA Industrial Equipment 40 Index aggregates and analyzes the financial outcomes of 40 industrial manufacturers quarter to quarter, with an emphasis on trends in the performance of their services lines of business. This DataView looks at Q4 2020.

The current IE 40 Index readout is reflecting the short-term impact of the pandemic and long-term trends:

  • Industrial equipment is facing the strongest decline in revenues in the history of the index.
  • The pandemic created winners and losers. We never saw such a huge variance in growth and decline.
  • It is the first time that service revenues declined stronger than the product business.
  • The long-term trend of commoditization of products is undeniable.
TSIA recommends developing your services along TSIA’s Remote Services Continuum.

Authored By:

Harald Kopp

Director, Industrial Services Research, TSIA

Publish Date: February 17, 2021

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