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Industrial Machinery Market Share
- Report ID: GMI801
- Published Date: Jul 2023
- Report Format: PDF
Industrial Machinery Market Share
The major companies operating in the industrial machinery market include
- Caterpillar Inc.
- Deere & Co.
- AGCO Corporation
- CNH Industrial
- Tetra Pak
- Krones AG
- Applied Material
- ASML
- Komatsu Ltd.
- Sandvik AB
These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.
Frequently Asked Questions (FAQ) :
The market size of industrial machinery was reached USD 682.7 billion in 2022 and is set to witness over 6% CAGR from 2023- to 2032, driven by the flourishing agricultural sector and the rising demand for advanced agricultural equipment.
The construction segment accounted for 24% of the market share in 2022, attributed to the increasing investments in infrastructure development projects and strong economic growth.
Asia Pacific market held over 45% of revenue share in 2022, owing to the strong outlook of the construction sector in the region.
Notable companies in the market are Caterpillar Inc., Deere & Co., AGCO Corporation, CNH Industrial, Tetra Pak, Krones AG, Applied Material, ASML, Komatsu Ltd., and Sandvik AB
Industrial Machinery Market Scope
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