Industrial Machinery Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Construction and Manufacturing | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC415

Introduction

Installation of electronic based devices including global positioning systems in agricultural and other machinery aids in connecting several other devices to create a symmetric and systematic approach. The technologically advanced and equipped equipment helps in increasing and elevating the overall productivity and efficiency. In addition, rising investments in research and development in various segments including data management, steering systems, interface and automation of operations among others is projected to impact the global industrial machinery market share positively. Excavators are highly used in heavy lifting, general grading/landscaping, demolition, river dredging, digging trenches, and brush cutting with hydraulic attachments. Heavy duty excavators are majorly used in mining and heavy construction industries.

Market Dynamics

Several favorable regulatory norms about benefits of tax in infrastructure ventures are projected to accelerate the construction activities in developing countries including Japan, India, China and South Korea among others. Moreover, increasing demand for earthmoving equipment is expected to offer dynamically positive potential growth opportunities to the global industrial machinery market owing to increasingly growing urban population. Growing prevalence of augmentation in capacity in the cement industry is projected to catalyze the market growth over the coming years, and thereby fueling the overall industrial machinery market growth. On the other hand, risks associated with mining activities such as rock falls and slope failures is a key factor analyzed to hinder the market growth. Although, surface mines are huge sites wherein the human laborers deal with large moving equipment. Thus, major factors such as obstructions and blind intersections along with irregular designs of road are some other key factors expected to hamper the demand for industrial machinery over the forecast period. In addition, stringent government regulations regarding a number of aspects including safety, quiet operation and limitations on emissions of exhaust gases play a vital and crucial role in the launch of enhanced and refined machineries. Sophisticated structural designs has aided in optimizing the overall quantity of orifice diameter as well as hydraulic fluid. Furthermore, it aids in reduction of vehicle vibration level as compared to traditional products. Moreover, addition of sensors in agricultural machinery like tractors is expected to act strongly instrumental for the analysis of crop since these measurements pertains minimum vulnerability to problems related to weather and offer accurate and closest crop assessments in real time.

Market Classification

The global industrial machinery market can be segmented on the basis of application and region. On the basis of application, the global industrial machinery market can be segmented into agriculture, construction, packaging, food processing, mining, and others. By geography, the global industrial machinery market can be divided into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Global Industrial Machinery Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

 

Market Participants

Some of the players involved in the supply of industrial machinery products are focusing on key market strategies such as mergers and acquisitions along with improvement in old products and innovations in new product development. They are also concentrating on bringing up new products to meet the demands in the ever-competitive market. Some of the major players in the global industrial machinery market include Caterpillar, Hitachi, Volvo, Komatsu, Atlas Copco, and Terexm, and Anglo American among others.

Market Segmentation

Market by Application

·         Agriculture

·         Construction

·         Packaging

·         Food processing

·         Mining

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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