Industrial Technique

The Industrial Technique business area provides industrial power tools, assembly and machine vision solutions, quality assurance products, software and service through a global network. The business area innovates for sustainable productivity for customers in the automotive and general industries.

Vision and strategy

The vision is to be First in Mind—First in Choice as a supplier of industrial power tools, joining and dispensing solutions, machine vision, and related  services. The strategy is to continue to grow the business profitably by building on technological leadership and continuously offering products  and services that improve customers’ productivity,  flexibility, quality, energy efficiency, safety, and ergonomics. Key strategic initiatives include  adjusting the product offer to meet increased automation in customers’ production processes, and providing additional service, know-how and  training. The business area is also increasing its presence in targeted geographical markets. The presence is enhanced by a brand portfolio strategy. The business area is actively looking at acquiring complementary  businesses. Growth should be achieved in a way that is economically, environmentally and  socially responsible.

Market overview

The global market for industrial power tools and  assembly systems with related services has a large number of participants with a wide range of products in different applications such as assembly of parts, drilling and material removal. Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing. In particular, the business area has been successful in developing advanced electric industrial tools and systems  that assist customers in achieving fastening according to their specifications and minimizing  errors and interruptions in production. With an increasing demand for electric cars, battery production, and growing use of lighter  materials, the automotive industry looks to alternative assembly solutions. The market demands new assembly technologies such as dispensing equipment for adhesives and sealants and selfpierce riveting equipment and rivets to cater to these needs. The market for machine vision becomes increasingly important, driven by growing demand for automation, quality and productivity in industrial production. Machine vision solutions are used in discrete production, such as the automotive industry, and in continuous processes production applications, such as metal and paper production, advanced material manufacturing, and solar panels.

Market trends

  •  Automation in customers’ production  
  •  Digitalization and demand for connectivity in production  
  •  Increased customer focus on reducing CO2 emissions  
  •  Increased demand for electric vehicles  
  •  Higher requirements for quality, productivity,  flexibility and ergonomics, and increased demand  for in-line quality control  
  •  Increased focus on renewable energy and storage  
  •  Use of light-weight material in transportationrelated industries

Demand drivers

  •  Industrial production  
  •  Investments in customer segments’ contribution to transformation to a low-carbon society  
  •  Capital expenditure in the automotive industry  
  •  Changes in manufacturing methods and  higher requirements, e.g. quality assurance and flexibility

Market position

A leading market position globally in most of its operations.   

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