Next-Gen Innovations to Revolutionize Industrial Machinery Market by 2024
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
126.96.36.199 Soil compaction
188.8.131.52 Mapping fields and crops
184.108.40.206 Wearable smart sensors
220.127.116.11 Tool tracking
18.104.22.168 Tablets and Wi-Fi
22.214.171.124 Mobile apps
3.5 Regulatory landscape
126.96.36.199 Occupational Safety and Health Administration (OSHA)
188.8.131.52.1 ANSI Standards
184.108.40.206.2 National Fire Protection Association(NFPA)
220.127.116.11.1 Duty-Free Manufacturing Tariff Regime
18.104.22.168 Machinery Directive 2006/42/EC
22.214.171.124 MEP (Ministry of Environmental Protection, the People’s Republic of China)
126.96.36.199 CCC Mark
188.8.131.52 Protection of intellectual property rights
184.108.40.206 Occupational Health and Safety (OH&S)
220.127.116.11 Emission standards for diesel construction machinery
18.104.22.168 Emission standards for diesel agricultural tractors
3.6 Industry Impact forces
3.6.1 Growth drivers
22.214.171.124 Increasing mechanization of farming operations
126.96.36.199 Escalating infrastructure spending
188.8.131.52 Rising adoption of smart packaging solutions
184.108.40.206 Surging globalization to trigger food processing sector
3.6.2 Industry pitfalls & challenges
220.127.116.11 Health and safety concerns
18.104.22.168 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 Full Toc of This Report @ https://www.gminsights.com/toc/detail/industrial-machinery-market
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