Europe industrial machinery market is contributing noticeably to the global demand and is estimated to register a CAGR of 4.7% over the period of 2016-2024. A large number of equipment companies in this region who provide numerous options such as outright purchases, rentals, leasing, financing which allows contractors to utilize these technologically advanced products available in the market at an affordable price range.
Asia pacific dominated the global industrial machinery market landscape in term of revenue in 2015. With a considerable share of China, APAC market is anticipated to remain one of the prominent regions driving the overall industry in the years ahead. Food processing and smart packing are the leading trends catering the regional industrial machinery industry.
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Industrial machinery market size in agricultural sector is experiencing a stupendous growth worldwide. Farm tractors, haying, livestock machinery, plowing, and other cultivating machinery are the prominent products witnessing global adoption. Agronomists are nowadays deploying sensors on agricultural vehicles, satellites, light aircraft for precise field mapping. In this regard, UK is technologically a step ahead. Farmers here use crop canopy measure to monitor the growth status prior to nitrogen application. This helps them determine the amount of nitrogen required for local plant
Industrial machinery industry is highly competitive with some of the key market players investing heavily in research activities to improve their performance portfolio. Manufacturers are taking various strategic initiations to build a strong dealer supplier network that would provide a better consumer reach. Industrial machinery market is also characterized by the global inclination toward eco-friendly products. Though the business is majorly driven by large retail outlets, yet e-commerce serves also as an attractive channel for the massive expansion.
Increasing consumer preference toward packaged food, especially across the middle-class population, is playing a pivotal role behind the commendable industrial machinery market share in the packaging sector. Multifunctional modular systems are witnessing increasing demand, owing to the high flexibility and efficiency offered by these systems. The impact of changing consumer lifestyles will also substantially influence the industrial machinery market size over the coming seven years. Industrial machinery industry from packaging is expected to exceed a revenue of USD 65 billion by 2024.
Market players will enhance their sale by strategic partnerships with the key suppliers to attract more customers. Heavy investment in R&D to come up with better quality products will be a major growth strategy over the coming years. Komatsu Limited, Caterpillar Inc., Hitachi, Atlas Copco, Volvo, Terex, and Sandvik are some of the leading companies in the industrial machinery market.
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Glimpse of Table of Content (ToC): –
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1 Primary sources
1.2.2 Secondary sources
Chapter 2 Executive Summary
2.1 Industrial machinery industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Industrial Machinery Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technology & innovation landscape
220.127.116.11 Soil compaction
18.104.22.168 Mapping fields and crops
22.214.171.124 Wearable smart sensors
126.96.36.199 Tool tracking
188.8.131.52 Tablets and Wi-Fi
184.108.40.206 Mobile apps
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