Industrial Machinery Market to grow at 5.3% CAGR from 2016 to 2024

1
Industrial Machinery Market to surpass 771.5bn
by 2024 Fractovia.org
2
Key Insights of Industrial Machinery Market

• The global Industrial Machinery Market share
  report provides numbers for applications and
  regional segments of the industry covering
  historical as well as forecast data for decision
  makers.
• Global industrial machinery market is likely to
  face a fiercely competitive landscape over the
  years ahead, on account of the heavy investments
  in research and development activities to improve
  the overall performance of the products.
  Industrial machinery market is rather fragmented
  in nature, as it incorporates many major and
  local players having a diversified portfolio of
  their product offerings. Atlas Copco, Komatsu,
  Caterpillar, Hitachi, Volvo, and Terex are some
  of the prominent participants in the global
  market. These players are focused on building
  strong supplier and dealer base to expand their
  global reach. One such example is of a joint
  project between Atlas Copco and Anglo American in
  developing underground mining equipment, which
  further proved to be a significant case of
  innovation in the overall mining industry.

3
Continued

• A steady growth and improvement in the
  manufacturing activities after the economic
  turmoil has heightened the demand for new
  industrial machinery. The global industrial
  machinery market will continue to gain from the
  soaring demand from metalworking, construction,
  automotive, semiconductor manufacturing and
  agricultural applications. Escalating economic
  development in the market has led to an increased
  machinery demand in the aforementioned sectors.
• Apart from this, the packaging machinery market
  is foreseen to generate USD 65 billion by 2024,
  in order to achieve high efficiency in packaging
  sector. The food processing machinery is also set
  to grow at an annual rate of 7 over the period
  of 2016-2024. Changing food manufacturing
  eating trends, rapid industrialization, and
  increasing spending capacity have favored the
  overall growth of industrial machinery market to
  expand in every sector.
• Asia Pacific industrial machinery market procured
  a major chunk of the global revenue in 2015,
  mainly led by China. Furthermore, improving
  conditions in downstream markets of Europe have
  resulted in a higher demand for the regional
  industrial machinery market. The advent of
  advanced machinery including agricultural drones/
  UAVs are likely to prove beneficial in boosting
  the market expansion.

4

Browse Full Market Research Report Of Industrial
Machinery Market _at_ http//bit.ly/2yszpCL
Request for a Sample of this Research
report _at_ https//www.fractovia.org/request-sample
/436
5
U.S. Industrial Machinery market size, by
application, 2013-2024 (USD Billion)

6
Continued.

• The companies operating in industrial machinery
  market make use of multiple choices such as
  outright purchase, rentals, and leasing of the
  machines which allows the user to invest smartly
  in the industrial set-up. As per a report by
  Global Market Insights, Inc., industrial
  machinery market is set to exhibit a revenue
  generation of over USD 771 billion by 2024,
  having had a valuation of USD 485 billion in
  2015. The continued improvements in the
  industrial machinery market trends will sustain
  its growth through 2024.
• Key participants of global Industrial Machinery
  industry held more than 40 of the overall share
  in 2015, these statistics prove that this market
  is fairly consolidated. Leading players adopt
  strategies such as collaborations and
  partnerships with chemical and pharmaceutical
  companies to enhance their business position.
  Major firms operating in this market include
  Chemtrix BV, ThalesNano Inc., Uniqsis Ltd.,
  Vapourtec Ltd., AM Technology, ThalesNano Inc.,
  Milestone Srl, Koninklijke DSM N.V., and
  FutureChemistry Holding BV.

7
Stay In Touch Website https//www.fractovia.org
Social Media