The global industrial machinery market is expected to grow from $534.89 billion in 2020 to $572.62 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $793.85 billion in 2025 at a CAGR of 9%.
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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 by entities (organizations, sole traders or partnerships) that produce industrial machinery. The industrial machinery market is segmented into woodworking and paper machinery; printing machinery and equipment; semiconductor machinery; food product machinery; and other industrial machinery.
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The industrial machinery market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the industrial machinery market are Tetra Laval International SA; Applied Materials Inc; Lam Research Corp; Tokyo Electron Ltd; ASML Holding NV.
The global industrial machinery market is segmented –
1) By Type: Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery
2) By Operation: Autonomous, Semi-autonomous, Manual
3) By Capacity: Small, Medium, Large
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The industrial machinery market report describes and explains the global industrial machinery market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The industrial machinery report evaluates the market across each region and for the major economies within each region.
The countries covered in the global industrial machinery market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global industrial machinery market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Industrial Machinery Market Characteristics
- Industrial Machinery Market Product Analysis
- Industrial Machinery Market Supply Chain
- Key Mergers And Acquisitions In The Industrial Machinery Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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