Press release
Industrial Machinery Market to Reach USD 959.94 Bn by 2029, emerging at a CAGR of 6.4 percent and forecast 2023-2029
Industrial Machinery Market
The research methodology employed delves into industry trends and advancements, providing a comprehensive understanding of market dynamics. A meticulous approach ensures accuracy and reliability in forecasting the Industrial Machinery market's future trajectory.
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What are Industrial Machinery Market Dynamics:
The urbanization and population growth are mainly rising the need for infrastructure development, which is fuelling the demand for construction equipment. This demand, in turn, is necessitating the production and innovation of industrial machinery to support the construction industry. The urbanization across the world is highly taking off, investments into infrastructure projects, such as the Belt and Road Initiative, from both public and private sectors. This is expected to drive push the growth of construction equipment market in the future. The construction equipment industry is highly witnessing rapid advancements in technologies, which includes the integration of telematics, IoT (Internet of Things) and automation. These innovations are mainly increasing the demand for advanced industrial machinery that keep pace with the evolving needs of construction projects.
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Industrial Machinery Market Regional Insights:
North America: Dominating the global market with a 31% share in 2022, the region boasts a robust and diverse industrial sector, emphasizing eco-friendly and energy-efficient machinery aligned with sustainability goals.
Asia Pacific: Anticipated rapid growth during the forecast period (24.1% share in 2022) driven by key players in battery cell manufacturing equipment, industrial machinery exports, and growing demand in e-commerce and logistics.
What is Industrial Machinery Market Segmentation:
by Type
Material Handling Equipment
Machine Tools
Packaging Machinery
Industrial Robotics
Construction Machinery
Textile Machinery
by Operation
Autonomous
Semi- Autonomous
Manual
by Application
Cutting and Welding Machines
Assembly and Handling Systems
Testing and Measurement Equipment
Machining Centers
by End-Use
Industry Energy
Construction
Packaging
Textiles
Manufacturing
Mining
by Distribution Channel
Offline
Online
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Who are Industrial Machinery Market Key Players:
1. Siemens AG (Munich, Germany)
2. General Electric (GE) (Boston, Massachusetts, USA)
3. ABB Group (Zurich, Switzerland)
4. Caterpillar Inc. (Deerfield, Illinois, USA)
5. Schneider Electric (Rueil-Malmaison, France)
6. Komatsu Ltd. (Tokyo, Japan)
7. Emerson Electric Co. (St. Louis, Missouri, USA)
8. Fanuc Corporation (Yamanashi, Japan)
9. Deere & Company (Moline, Illinois, USA)
10. Rockwell Automation (Milwaukee, Wisconsin, USA)
11. Mitsubishi Heavy Industries, Ltd (Tokyo, Japan)
12. Atlas Copco AB (Stockholm, Sweden)
13. Hitachi, Ltd. (Tokyo, Japan)
14. Honeywell International Inc (Charlotte, North Carolina, USA)
15. The Timken Company (North Canton, Ohio, USA)
16. Parker Hannifin Corporation (Cleveland, Ohio, USA)
17. Sandvik AB (Stockholm, Sweden)
18. Wärtsilä Corporation (Helsinki, Finland)
19. Yaskawa Electric Corporation (Kitakyushu, Japan)
20. JCB (J.C. Bamford Excavators Ltd.) (Rocester, Staffordshire, United Kingdom)
21. Ingersoll Rand (Davidson, North Carolina, USA)
22. ITT Inc (White Plains, New York, USA)
23. Kubota Corporation (Osaka, Japan)
24. Regal Beloit Corporation (Beloit, Wisconsin, USA)
25. 3M (St. Paul, Minnesota, USA)
26. United Technologies Corporation (Farmington, Connecticut, USA)
27. Eaton (Dublin, Ireland)
Table of content for the Industrial Machinery Market includes:
Industrial Machinery Market: Research Methodology
Industrial Machinery Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Industrial Machinery Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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