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Next-Gen Innovations to Revolutionize Industrial Machinery Market by 2024

06-14-2018 01:43 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Next-Gen Innovations to Revolutionize Industrial Machinery

Need for advanced vehicles in Asia Pacific market equipped with emission control systems is likely to propel the industrial machinery market growth. Government regulations and regulatory support in the form of tax benefits have positively affected the infrastructure activities in China, India, Japan, and South Korea. Escalating focus on infrastructure developments coupled with the growing need for modernization of industrial procedures is expected to drive the industrial machinery market growth.

Industrial Machinery Market is anticipated to grow at a CAGR of over 5% to reach over USD 700 billion by 2022. Increasing adoptions and high demand for machines in several manufacturing sectors ranging from packaging to auto making will provide an impetus to the market over the coming years. Moreover, highly industrialized environment across companies is anticipated to support the industry growth over the forecast timespan.

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The growth in industrial machinery market sales for 2016 is being driven by several factors such as an increase in the living standard and increasing spending on nutrition which will profit the food and packaging machinery sectors. The packaging sector is slated for high growth over the coming years owing to high investments in lighter packaging.

Developments in packaging technologies such as food wrapping in cartons, ready-to-cook enclosures, and new sterile packaging technology are generating high demand for machines in packaging sector, thereby providing positive growth aspects for the industrial machinery market. Moreover, the increasing investments in technology from several manufacturers will boost the demand for semiconductor equipment, mining, robotics, and oil & gas machinery.

Health & safety concerns and lack of skilled labor & technicians will pose as challenges to the industrial machinery market growth. Manufacturing jobs have changed compared to the old jobs and have now become automated. The jobs in the manufacturing industry are majorly focused on maintaining, operating, or programming the industrial machines which require and lack skilled labor and technicians.

By application, the construction segment is anticipated to hold a high market share owing to the increased demand for commercial buildings, infrastructure and housing, which is benefiting the construction equipment sectors. Growing social awareness of green technologies is resulting in high demand for industrial machinery in wind turbines and in photovoltaics (PV) which is further expected to boost the industrial machinery market.

Browse key industry insights spread across 130 pages with 82 market data tables & 13 figures& charts from the report, “Industrial Machinery Market Size By Application (Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

The industrial machinery market in agriculture segment is witnessing an augmented demand for machinery owing to economic development in several regions around the globe. These demands are majorly for harvesting, haying, plowing, planting & fertilizing, livestock machinery and farm tractors, as well as planters, cultivating machinery and liquid fertilizer sprayers/spreaders.

Some of the major manufacturers in the global industrial machinery market includes Caterpillar Inc., CNH Industrial, Honeywell International Inc., Volvo Construction, Terex Corp, Komatsu Ltd, Ingersoll Rand, Hitachi Construction Machinery and Gerdau S.A. The players are majorly focusing on technological advancements, strategic initiatives to increase customer reach and R&D to come up with enhanced industrial machinery performances.

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Table of Content (TOC-)
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
3.4.1 Agriculture Soil compaction Mapping fields and crops
3.4.2 Construction Wearable smart sensors Tool tracking Tablets and Wi-Fi Mobile apps
3.5 Regulatory landscape
3.5.1 U.S. Occupational Safety and Health Administration (OSHA) ANSI Standards National Fire Protection Association(NFPA) Canada Duty-Free Manufacturing Tariff Regime Mexico
3.5.2 EU Machinery Directive 2006/42/EC
3.5.3 China MEP (Ministry of Environmental Protection, the People’s Republic of China) CCC Mark Protection of intellectual property rights
3.5.4 India Occupational Health and Safety (OH&S) Emission standards for diesel construction machinery Emission standards for diesel agricultural tractors
3.6 Industry Impact forces
3.6.1 Growth drivers Increasing mechanization of farming operations Escalating infrastructure spending Rising adoption of smart packaging solutions Surging globalization to trigger food processing sector
3.6.2 Industry pitfalls & challenges Health and safety concerns 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

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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