The Business Research Company’s Industrial Machinery Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Industrial Machinery Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LONDON, GREATER LONDON, UK, December 4, 2023 /EINPresswire.com/ — The global industrial machinery market experiences remarkable growth, surging from $506.67 billion in 2022 to $545.67 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 7.7%. Forecasts suggest sustained expansion, projecting the market size to reach $708.3 billion by 2027, driven by a formidable CAGR of 6.7%.
Driving Forces: Technological Advancements Fueling Innovation
The industrial machinery landscape is witnessing a surge in innovation propelled by rapid technological advancements. The adoption of technologies such as 3D printing, artificial intelligence (AI), and big data analytics stands out as a catalyst for transformative changes in manufacturing. These technological integrations contribute to heightened productivity, reduced operating costs, and expanded profit margins.
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Key Market Players Shaping the Industry Landscape
Major players influencing the dynamics of the industrial machinery market include ASML Holding N.V, Tetra Laval International S.A, Tokyo Electron Ltd., Lam Research Corp, Applied Materials Inc., Canon Inc., Dover Corporation, Konica Minolta Inc., KLA-Tencor Corp, and Thyssenkrupp AG.
Innovative Applications: 3D Log Scanning Revolutionizing Sawmill Manufacturing
A noteworthy innovation in the industry is the integration of 3D log scanning with sawmill manufacturing equipment, elevating lumber production quality. 3D log scanners, coupled with vision sensors and geometric data, accurately measure the shape of logs, enhancing resolution quality, scan speeds, and laser lighting. This technology is particularly prevalent in super mills, conglomerates of satellite mills with multiple log lines, optimizing lumber recovery and capturing knots more efficiently.
Regional Dominance and Market Segmentation
In 2022, the Asia-Pacific region claimed the largest share in the industrial machinery market, with Western Europe securing the second-largest position. The global industrial machinery industry report comprehensively covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation Details
The global industrial machinery market is segmented –
•By Type: Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery
•By Operation: Autonomous, Semi-Autonomous, Manual
•By Capacity: Small, Medium, Large
Subsegments Covered: Woodworking Machinery, Paper Industry Machinery, Chemical Processing Machinery And Equipment, Glass Making Machinery, Petroleum Refining Machinery, Plastics Working Machinery, Rubber Working Machinery, Tannery Machinery, Textile Making Machinery, All Other Industrial Machinery, Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery And Equipment, Other Printing Machinery And Equipment, Wafer Processing Equipment, Semiconductor Assembly And Packaging Equipment, Other Semiconductor Making Machinery, Dairy Product Plant Machinery And Equipment, Bakery Machinery And Equipment, Meat And Poultry Processing And Preparation Machinery, Other Commercial Food Products Machinery
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Industrial Machinery Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
TheIndustrial Machinery Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on industrial machinery market size, industrial machinery market drivers and trends, industrial machinery market major players, industrial machinery market competitors’ revenues, industrial machinery market positioning, and industrial machinery market growth across geographies.The industrial machinery market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the industrial machinery market report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Global Industrial Machinery Market Soars on Technological Innovations
