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The industrial machinery market size is estimated to grow at an approximate CAGR of 6% from 2016 to 2024. The improving economic conditions worldwide is one of the major factor driving the demand for the industrial machinery in various sectors such as packaging, agriculture, machine tools and materials handling. Rapid industrialization and increasing investment in capital-intensive technologies has led to a significant increase in the demand for the industrial machinery.

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Industrial machinery market size share growth industry analysis trends and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Industrial Machinery Market Research Report - Global Industry

Analysis, Size, Growth and Forecast to 2024 | Hexa Research

The industrial machinery market size is estimated to grow at an approximate CAGR of

6% from 2016 to 2024. The improving economic conditions worldwide is one of the

major factor driving the demand for the industrial machinery in various sectors such as

packaging, agriculture, machine tools and materials handling. Rapid industrialization

and increasing investment in capital-intensive technologies has led to a significant

increase in the demand for the industrial machinery.

Industrial machinery is considered crucial in the operations of printing, food, textile,

construction, pharmaceuticals, chemical, automotive, agricultural, power generation,

utility, transportation and shipping industries.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Industrial machinery market size share growth industry analysis trends and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The growth in the Industrial machinery market is driven by the increasing global

demand for cars which will lead to a rise in the spending on robotics and the tools used

in the automotive sector. The increase in the production of automobiles will also lead to

an increase in the rubber and plastic industries which will, in turn, drive overall market

demand.

The increase in standard of living worldwide increased spending on nutrition and the

growth in demand for food will be a huge gain for the food and packaging industry. The

rise in demand for housing, commercial buildings, and better infrastructural facilities is

expected to increase the demand for machinery used in the construction sector.

Browse Detail Report@

https://www.hexaresearch.com/upcoming-research/industrial-machinery-market

The increasing popularity of green technologies has led to an increase in demand for

the industrial machinery in photovoltaic and in wind turbines manufacturing companies.

The growing demand for efficiency and quality is anticipated to drive investments in the

development of the industrial machinery market. Automated machinery saves time,

improves quality and also lowers operational cost of a manufacturing company.

The packaging industry is expected to boost the demand for industrial machinery.

Increasing investment in lighter packaging which requires fewer materials, produces

less waste and is more energy efficient is projected to spur the demand for industrial

machinery. Further, the technological advances in packaging like wrapping food in

ready-to-cook enclosures and new aseptic packaging technology is projected to drive

the market growth.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Industrial machinery market size share growth industry analysis trends and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The increased dependency on machines is estimated to create a huge demand for

industrial machinery over the forecast period. The industrial machinery aftermath

market which includes maintenance and service contracts is anticipated to influence the

market growth positively. Increasing capital expenditure on automated processes and

increasing research & development and innovation in this market expected to boost

market growth over the forecast period.

The increasing cost of raw materials like steel, energy especially coal and fuel prices

have adversely affected the growth in the industrial machinery market. Government

policies affecting prices along, import and export tariffs, and trade relations with the

other countries could also restrict the growth in the market.

The industrial machinery market can be categorized into agriculture & food machinery,

construction machinery & related equipment, power & energy equipment, aerospace,

material handling machinery, personal protective equipment, metalworking machinery,

general purpose industrial machinery, automotive, mining and industrial process

machinery.

North America is anticipated to observe a decline in the market growth mainly due to a

decrease in the mining activities. A sharp fall in the demand for farm and mining

machinery is expected over the coming years. Currency fluctuations could also hinder

the industrial machinery market growth.

The market in South Africa is expected to experience high growth rate as the

government in focusing on improving its manufacturing, chemical processing,

agricultural sectors and mining. Huge investments made in the residential, commercial,

industrial and infrastructure segment is anticipated to boost market growth over the

future years.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Industrial machinery market size share growth industry analysis trends and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The industrial machinery market in Asia-Pacific is estimated to grow at a significant

CAGR from 2016 to 2024. The growing demand for industrial machinery from countries

such as China, India, South Korea and Japan is anticipated to drive overall market

demand over the forecast period. China's government is focusing on urbanization and

the recent policies stress on rapid industrialization. India is expected to observe rapid

industrialization on account of favorable government regulations and policies.

The major market players are Caterpillar Inc. and Deere & Company. Caterpillar Inc. is

the leading manufacturer of industrial gas turbines, construction & mining equipment,

diesel-electric locomotives, and diesel & natural gas engines. Deere Company in

engaged in the production and distribution of agricultural & forestry equipment,

construction equipment, and engines across the world.

The other prominent players in the market are AO Smith Corp, Lincoln Electric Holdings

Inc., Manitowoc Company, Illinois Tool Works, Terex Corp., Astec Industries, Toyota,

Samsung Electronics, AGCO Corporation, Alamo Group, Ford, Hewlett-Packard,

Hitachi, IBM, Lindsay Corporation, Siemens and General Electric.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/automotive-and-transportation-

industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We offer

comprehensive business intelligence in the form of industry reports which help our clients obtain

clarity about their business environment and enable them to undertake strategic growth

initiatives.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Industrial machinery market size share growth industry analysis trends and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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