Industrial Machinery Market size worth over $771.59bn by 2024 - PowerPoint PPT Presentation

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Industrial Machinery Market size worth over $771.59bn by 2024


Request for a sample of this research report @ Industrial Machinery Market size is expected to reach USD 771.59 billion by 2024; according to a new research report by Global Market Insights, Inc. Asia Pacific leads the global revenue, on account of the considerable China industrial machinery market share across application areas. Untapped potential as well as steady demand in the region will contribute to high growth rate. The region also leads in semiconductor fabrication plant base, which will drive demand in the coming years. Government regulations, financial constraints and the increasing cost of ownership make rental an attractive alternative for an increasing number of government authorities, contractors and other construction equipment users. The rental landscape in the Europe an U.S. industrial machinery market includes short-term rentals that are mainly provided to small contractors. – PowerPoint PPT presentation

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Title: Industrial Machinery Market size worth over $771.59bn by 2024

Industrial Machinery Market size to exceed USD
771.59 billion by 2024 Global Market Insights
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Industrial Machinery Market
  • Need for advanced vehicles equipped with emission
    control systems is also likely to propel
    industrial machinery market share. Regulatory
    support in the form of tax benefits have
    favorably influenced infrastructure activities in
    Japan, India, and South Korea. Escalating focus
    on infrastructure as well as increasing need for
    mechanization of manufacturing processes is
    projected to drive growth over the forecast
  • Growth in the global construction equipment
    market size as well as mining equipment industry
    is pivotal for growing industrial machinery
    market share. These segments are forecast to grow
    at over 4.5 CAGR from 2016 to 2024.
  • Smart packaging solution adoption and high demand
    for food processing and packaging due to changing
    consumer lifestyle will positively impact revenue
    generation over the next few years.

  • Manufacturing firms prefer creating their own
    supplier and distributors network to market their
    products. More collaborations with key suppliers
    for co-development of parts and systems among
    manufacturers offer efficient supply chains to
    reach out to more customers. U.S. based companies
    earn revenues through the export of machines in
    other countries such as Brazil, Canada,
    Australia, Mexico, etc. Though these products are
    made available at large retail outlets,
    e-commerce represents an attractive channel to
    reduce cost.
  • Companies accounting for industrial machinery
    market share differ on the basis of product
    offering. Major players include Atlas Copco,
    Caterpillar, Sandvik, Hitachi, Komatsu, Terex,

U.S. Industrial Machinery market size, by
application, 2013-2024 (USD Billion)


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Industrial Machinery Market _at_ https//
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360 Analysis
  • Application Analysis
  • Packaging machinery market size is set to cross
    USD 65 billion by 2024. Rising demand for
    packaged beverages and food owing to growing
    middle class population accompanied by
    urbanization will act as a key growth driver.
    Other factors include rising focus on achieving
    high efficiency as well as increasing demand for
    multi-functional systems. Modular systems are
    likely exhibit growth over the forecast timeframe
    due to high flexibility offered during the
    packaging process. Technologies such as EOAT
    (end-of-arm-tooling) design advancements and
    vision sensor constitute the key industry trends.
  • Regional Analysis
  • Asia Pacific contributed to majority of the
    global revenue in 2015, primarily on account of
    the significant China industrial machinery market
    size. Europe industrial machinery market share
    will grow at 4.7 CAGR estimation over the
    forecast timeline. Stringent regulatory norms
    regarding numerous aspects such as quiet
    operation, safety and limitations on exhaust
    emissions, play a key role in introduction of
    refined machineries.
  • Competitive Market Share
  • On account of the diversified nature of the
    industry, major players differ on the basis of
    the product offering. Caterpillar, Komatsu,
    Hitachi, Volvo, Atlas Copco, and Terex represent
    key participants in the global industrial
    machinery market. In March 2015, Atlas Copco and
    Anglo American made headway in joint development
    of underground mining equipment, which is
    expected to be a significant example in
    innovative technology in mining industry.

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