Machinery Market 2020 Analysis by Global Manufacturers - General Electric Company; Caterpillar Inc.; Canon Inc.; Deere & Company; Mitsubishi Heavy Industries

The Machinery Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global machinery market is expected to decline from $3240.1 billion in 2019 to $3074 billion in 2020 at a compound annual growth rate (CAGR) of -5.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $3761.7 billion in 2023.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Machinery Market: General Electric Company; Caterpillar Inc.; Canon Inc.; Deere & Company; Mitsubishi Heavy Industries and others.

Industry News:

Mar 12, 2020: Caterpillar Inc. (NYSE:CAT), often considered an economy bellwether, just reported its retail machinery sales for the three months ended February. They're dismal, to say the least, and could be a precursor to more pain ahead. The COVID-19 outbreak and the resulting slowdown in global trade are wiping out all hopes of a recovery in the blue chip stock's top line and price. A coronavirus trade slowdown is the last thing Caterpillar wanted when it's already battling volatile commodity markets and an economic slowdown in China.

Summing up, Caterpillar's worldwide machinery retail sales slumped 11% in the three months ended February, with construction industries turning out to be the weakest segment and Asia-Pacific the weakest region. The lone bright spots like resource industries in Asia-Pacific weren't enough to offset declining demand in other markets. Caterpillar's resource industries' segment primarily manufactures and sells mining equipment.

11/10/2019: Founded more than 180 years, John Deere's origins began with the invention of the steel plow. As it looks to the future of agriculture and how it can best support farmers, technology is at the center of its strategy.
"We are transforming from a machinery company into a smart technology company," says Martin Kremmer, director ETIC, John Deere European Technology Center.

With the unveiling of its Future Technology Zone at the 2019 Agritechnica, John Deere showcased its product development and research projects across nine innovations in three key areas - electrification, autonomy through automation, and artificial intelligence - that will shape the farm of the future and help farmers continue to grow.

Market Overview:

Asia Pacific was the largest region in the global machinery market, accounting for 46% of the market in 2019. Western Europe was the second largest region accounting for 23% of the global machinery market. Africa was the smallest region in the global machinery market.

Globally, machinery manufacturers are re-allocating their production plants closer to consumer markets to reduce costs and offer high quality products to customers. Rapid wage increases, rising transportation costs and the difficulty of effective quality control at offshore locations are leading them to re-assess the attractiveness of off-shoring production locations in the developing countries. These factors are encouraging many companies to relocate production closer to their markets. For instance General Electric (GE) shifted a major part of its production from China back to the USA in 2015.

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Regional Analysis For Machinery Market:
For comprehensive understanding of market dynamics, the global Machinery market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Machinery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020-2023.

Following are major Table of Content of Machinery Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter's Five Forces Analysis and SWOT Analysis.

We Offer Customization On Report Based On Specific Client Requirement:

- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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