Industrial Machinery Market Opportunity Assessment, Market Challenges, Key Player Analysis By 2024 - Komatsu Limited, Caterpillar, Hitachi, Atlas Copco, Volvo, Terex and Sandvik
Industrial machinery industry is highly competitive with some of the key market players investing heavily in research activities to improve their performance portfolio. Manufacturers are taking various strategic initiations to build a strong dealer supplier network that would provide a better consumer reach. Industrial machinery market is also characterized by the global inclination toward eco-friendly products. Though the business is majorly driven by large retail outlets, yet e-commerce serves also as an attractive channel for the massive expansion.
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Asia pacific dominated the global industrial machinery market landscape in term of revenue in 2015. With a considerable share of China, APAC market is anticipated to remain one of the prominent regions driving the overall industry in the years ahead. Food processing and smart packing are the leading trends catering the regional industrial machinery market.
Increasing consumer preference toward packaged food, especially across the middle-class population, is playing a pivotal role behind the commendable industrial machinery market share in the packaging sector. Multifunctional modular systems are witnessing increasing demand, owing to the high flexibility and efficiency offered by these systems. The impact of changing consumer lifestyles will also substantially influence the industrial machinery market size over the coming seven years. Industrial machinery market from packaging is expected to exceed a revenue of USD 65 billion by 2024.
Europe industrial machinery industry is contributing noticeably to the global demand and is estimated to register a CAGR of 4.7% over the period of 2016-2024. A large number of equipment companies in this region who provide numerous options such as outright purchases, rentals, leasing, financing which allows contractors to utilize these technologically advanced products available in the market at an affordable price range. Furthermore, spreading awareness regarding harmful gas emissions as well as a less noisy operation is further allowing an increasing penetration of sophisticated refined based industrial machinery market.
Market players will enhance their sale by strategic partnerships with the key suppliers to attract more customers. Heavy investment in R&D to come up with better quality products will be a major growth strategy over the coming years. Komatsu Limited, Caterpillar Inc., Hitachi, Atlas Copco, Volvo, Terex, and Sandvik are some of the leading companies in the industrial machinery market.
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Glimpse of Table of Content (ToC): -
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1 Primary sources
1.2.2 Secondary sources
Chapter 2 Executive Summary
2.1 Industrial machinery industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
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
184.108.40.206 Soil compaction
220.127.116.11 Mapping fields and crops
18.104.22.168 Wearable smart sensors
22.214.171.124 Tool tracking
126.96.36.199 Tablets and Wi-Fi
188.8.131.52 Mobile apps
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