Worldwide Industrial Machinery Industry to 2027 - Growing Manufacturing Sector Presents Opportunities - ResearchAndMarkets.com

The "Industrial Machinery Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Machinery Type" report has been added to ResearchAndMarkets.com's offering.

Industrial machinery is a device or machine that makes use of electrical and mechanical energy to perform work. Industrial machines include heavy machines that are used in construction, manufacturing, farming, mining, and others. These industrial machines reduce the efforts of humans and increase the efficiency and speed of the work. It is expected that the rising population, along with high disposable income among middle-class people will drive growth of the industrial machinery market during the forecast period.

Installation of electronic devices, including global positioning systems in farming and other machinery, assists in connecting several different tools to create a balanced and systematic approach. The technologically advanced and equipped equipment helps the overall productivity, enhances the efficiency, leads to increased demand for industrial machineries, thus, contributes towards the growth of industrial machinery market during the forecast period.

Based on machinery type, the industrial machinery market is segmented into packaging machinery, food processing equipment, plastics processing machinery, metal forming machine tools, and woodworking machinery. The food processing equipment segment led the industrial machinery market in 2019.

Reasons to Buy:

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the industrial machinery market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components, aircraft type, and end-users.

Market Dynamics

Drivers

  • Growing Digitization is Driving Demand for Industrial Machinery
  • Increasing Investment in the Construction Industry

Restraints

  • Restructuring a Slow Design Process to Reduce Delays and Increase Profits
  • Price sensitivity market and limited penetration among SMEs

Opportunities

  • Growing Manufacturing Sector

Future Trends

  • Machine Learning, AI, and 5G Will Continue to Revolutionize the Market

Companies Mentioned

  • AB Electrolux
  • Alfa Laval
  • Amada Co., Ltd
  • GEA Group
  • Haitian International
  • Mitsubishi Heavy Industries, Ltd
  • Schuler Group
  • Sumitomo Heavy Industries, Ltd
  • Syntegon Technology GmbH (Bosch Packaging Technology)
  • The Adelphi Group of Companies

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