© 2016 Global Market Insights, Inc. USA. All Rights Reserved Industrial Machinery Market to surpass $771.5bn by 2024: Fractovia.org

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The global Industrial Machinery Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.Industrial Machinery Market  Global industrial machinery market is likely to face a fiercely competitive landscape over the years ahead, on account of the heavy investments in research and development activities to improve the overall performance of the products. Industrial machinery market is rather fragmented in nature, as it incorporates many major and local players having a diversified portfolio of their product offerings. Atlas Copco, Komatsu, Caterpillar, Hitachi, Volvo, and Terex are some of the prominent participants in the global market. These players are focused on building strong supplier and dealer base to expand their global reach. One such example is of a joint project between Atlas Copco and Anglo American in developing underground mining equipment, which further proved to be a significant case of innovation in the overall mining industry. Key Insights of Industrial Machinery Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  A steady growth and improvement in the manufacturing activities after the economic turmoil has heightened the demand for new industrial machinery. The global industrial machinery market will continue to gain from the soaring demand from metalworking, construction, automotive, semiconductor manufacturing and agricultural applications. Escalating economic development in the market has led to an increased machinery demand in the aforementioned sectors.  Apart from this, the packaging machinery market is foreseen to generate USD 65 billion by 2024, in order to achieve high efficiency in packaging sector. The food processing machinery is also set to grow at an annual rate of 7% over the period of Changing food manufacturing & eating trends, rapid industrialization, and increasing spending capacity have favored the overall growth of industrial machinery market to expand in every sector.  Asia Pacific industrial machinery market procured a major chunk of the global revenue in 2015, mainly led by China. Furthermore, improving conditions in downstream markets of Europe have resulted in a higher demand for the regional industrial machinery market. The advent of advanced machinery including agricultural drones/ UAVs are likely to prove beneficial in boosting the market expansion. Continued…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Industrial Machinery market size, by application, (USD Billion)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The companies operating in industrial machinery market make use of multiple choices such as outright purchase, rentals, and leasing of the machines which allows the user to invest smartly in the industrial set-up. As per a report by Global Market Insights, Inc., industrial machinery market is set to exhibit a revenue generation of over USD 771 billion by 2024, having had a valuation of USD 485 billion in The continued improvements in the industrial machinery market trends will sustain its growth through  Key participants of global Industrial Machinery industry held more than 40% of the overall share in 2015, these statistics prove that this market is fairly consolidated. Leading players adopt strategies such as collaborations and partnerships with chemical and pharmaceutical companies to enhance their business position. Major firms operating in this market include Chemtrix BV, ThalesNano Inc., Uniqsis Ltd., Vapourtec Ltd., AM Technology, ThalesNano Inc., Milestone Srl, Koninklijke DSM N.V., and FutureChemistry Holding BV. Continued….

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