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Industrial Machinery Market 2023 - Business Overview, New Changes, Trends Analysis, And Forecast To 2032
Industrial Machinery Market
As per the industrial machinery market report by The Business Research Company, the rapid advances in technology are expected to drive innovation in industrial machinery manufacturing, thus driving the market during the forecast period.
The global industrial machinery market grew from $506.67 billion in 2022 to $545.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial machinery market is expected to grow to $708.3 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the industrial machinery market include ASML Holding N.V, Tetra Laval International S.A, Tokyo Electron Ltd., Lam Research Corp, Applied Materials Inc., Canon Inc., Dover Corporation, Konica Minolta Inc., KLA-Tencor Corp, and Thyssenkrupp AG.
The industrial machinery market is segmented -
• By Type: Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery
• By Operation: Autonomous, Semi-Autonomous, Manual
• By Capacity: Small, Medium, Large
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial machinery market in 2022.
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Industrial machinery is power-driven machines or groups of machines working together in a coordinated manner in various industrial activities. This is used to cut, shape, form, press, lamination, or a combination of these processes. They are not portable by hand while working.
The Table Of Content For The Industrial Machinery Market Include:
1. Executive Summary
2. Report Structure
3. Industrial Machinery Market Characteristics
4. Industrial Machinery Market Product Analysis
5. Industrial Machinery Market Supply Chain
6. Industrial Machinery Market Customer Information
……
22. Key Mergers And Acquisitions In The Industrial Machinery Market
23. Market Background: Machinery Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Industrial Machinery Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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