The global Industrial Machinery Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
Global industrial machinery market is likely to face a fiercely competitive landscape over the years ahead, on account of the heavy investments in research and development activities to improve the overall performance of the products. Industrial machinery market is rather fragmented in nature, as it incorporates many major and local players having a diversified portfolio of their product offerings. Atlas Copco, Komatsu, Caterpillar, Hitachi, Volvo, and Terex are some of the prominent participants in the global market. These players are focused on building strong supplier and dealer base to expand their global reach. One such example is of a joint project between Atlas Copco and Anglo American in developing underground mining equipment, which further proved to be a significant case of innovation in the overall mining industry.
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A steady growth and improvement in the manufacturing activities after the economic turmoil has heightened the demand for new industrial machinery. The global industrial machinery market will continue to gain from the soaring demand from metalworking, construction, automotive, semiconductor manufacturing and agricultural applications. Escalating economic development in the market has led to an increased machinery demand in the aforementioned sectors.
Apart from this, the packaging machinery market is foreseen to generate USD 65 billion by 2024, in order to achieve high efficiency in packaging sector. The food processing machinery is also set to grow at an annual rate of 7% over the period of 2016-2024. Changing food manufacturing & eating trends, rapid industrialization, and increasing spending capacity have favored the overall growth of industrial machinery market to expand in every sector.
Asia Pacific industrial machinery market procured a major chunk of the global revenue in 2015, mainly led by China. Furthermore, improving conditions in downstream markets of Europe have resulted in a higher demand for the regional industrial machinery market. The advent of advanced machinery including agricultural drones/ UAVs are likely to prove beneficial in boosting the market expansion.
The companies operating in industrial machinery market make use of multiple choices such as outright purchase, rentals, and leasing of the machines which allows the user to invest smartly in the industrial set-up. As per a report by Global Market Insights, Inc., industrial machinery market is set to exhibit a revenue generation of over USD 771 billion by 2024, having had a valuation of USD 485 billion in 2015. The continued improvements in the industrial machinery market trends will sustain its growth through 2024.
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Key participants of global Industrial Machinery industry held more than 40% of the overall share in 2015, these statistics prove that this market is fairly consolidated. Leading players adopt strategies such as collaborations and partnerships with chemical and pharmaceutical companies to enhance their business position. Major firms operating in this market include Chemtrix BV, ThalesNano Inc., Uniqsis Ltd., Vapourtec Ltd., AM Technology, ThalesNano Inc., Milestone Srl, Koninklijke DSM N.V., and FutureChemistry Holding BV.
Chapter 3 Industrial Machinery Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technology & innovation landscape
188.8.131.52 Soil compaction
184.108.40.206 Mapping fields and crops
220.127.116.11 Wearable smart sensors
18.104.22.168 Tool tracking
22.214.171.124 Tablets and Wi-Fi
126.96.36.199 Mobile apps
3.5 Regulatory landscape
188.8.131.52 Occupational Safety and Health Administration (OSHA)
184.108.40.206.1 ANSI Standards
220.127.116.11.2 National Fire Protection Association(NFPA)
18.104.22.168.1 Duty-Free Manufacturing Tariff Regime
22.214.171.124 Machinery Directive 2006/42/EC
126.96.36.199 MEP (Ministry of Environmental Protection, the People’s Republic of China)
188.8.131.52 CCC Mark
184.108.40.206 Protection of intellectual property rights
220.127.116.11 Occupational Health and Safety (OH&S)
18.104.22.168 Emission standards for diesel construction machinery
22.214.171.124 Emission standards for diesel agricultural tractors
3.6 Industry Impact forces
3.6.1 Growth drivers
126.96.36.199 Increasing mechanization of farming operations
188.8.131.52 Escalating infrastructure spending
184.108.40.206 Rising adoption of smart packaging solutions
220.127.116.11 Surging globalization to trigger food processing sector
3.6.2 Industry pitfalls & challenges
18.104.22.168 Health and safety concerns
22.214.171.124 Lack of skilled labor and technicians
3.7 Growth potential analysis
3.8 Company market share analysis, 2015
3.8.1 Strategic landscape
3.9 Porter’s analysis
3.10 PESTEL analysis
Browse key industry insights spread across 130 pages with 82 market data tables & 13 figures & charts from this report Industrial Machinery Market in detail along with the table of contents at:
This latest Industrial Machinery Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Industrial Machinery industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Reasons to Buy This Report
- Global Industrial Machinery Market size & forecast by product & application.
- Growth drivers, pitfalls & industry challenges.
- Key Industrial Machinery Market growth opportunities & emerging business models.
- Competitive benchmarking with market share analysis and company profiles.
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