The Global Industrial Machinery Market Report by The Business Research Company covers industrial machinery market drivers and restraints, industrial machinery market size, major players, and the impact of COVID-19 on the industrial machinery market.

The industrial machinery market consists of sales of industrial machinery such as food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), machinery for making paper and paper products, printing and binding machinery and equipment, textile making machinery, and machinery for making plastics and rubber products and other industrial machinery by entities (organizations, sole traders or partnerships) that produce industrial machinery.

The global industrial machinery market reached a value of nearly $534.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 5.1% since 2015. The market is expected to grow from $534.9 billion in 2020 to $793.9 billion in 2025 at a rate of 8.2%. The market is then expected to grow at a CAGR of 8.4% from 2025 and reach $1,188.7 billion in 2030.

Rapid advances in technology is expected to drive innovation in industrial machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and to enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, central feedback systems and to offer other services. Mobile applications, advanced sensors and embedded software also created new opportunities for companies in this market. These factors are expected to drive the engine, turbine, and power transmission equipment manufacturing market during the forecast period.

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Some industrial machinery market trends include increase in focus on hygiene and sanitation at factories. After the outbreak of corona virus pandemic, players in the machinery manufacturing industry are taking special steps to maintain sanitary conditions at the manufacturing facilities to control the spread of the infection. Moreover, 3D log scanning is being integrated with saw mill manufacturing equipment to produce high grade lumber at mills. 3D log scanner is a scanner that measures the actual shape of the logs by coupling vision sensors with geometric data on the log. This helps to increase resolution quality, scan speeds and laser lighting which is used to measure dark logs leading to a high-grade lumber recovery.

Global industrial machinery market segments include:

1) By Type: Woodworking And Paper Machinery, Food Product Machinery Manufacturing., Printing Machinery And Equipment, Semiconductor Machinery, Other Industry Machinery

2) By Application: High Pressure Pasteurization, Particle Size Reduction, Dispersions, Nano And Micro Emulsions, Others

3) By Process Type: Bulk Material Handling Equipment, Agglomeration Equipment, Thermal Processing Equipment

4) By Operation: Autonomous, Semi-Autonomous, Manual

5) By Capacity: Small, Medium, Large

6) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Industrial Machinery Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides industrial machinery market overviews, analyzes and forecasts market size, share, industrial machinery market players, industrial machinery market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The industrial machinery identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Industrial Machinery Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: ASML Holdings, Tokyo Electron, LAM Research, Tetra Pak, Applied Materials

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Industrial Machinery Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Industrial Machinery Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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