Industrial Machinery Market size worth $771.5bn by 2024
Published Date: October 20, 2016 Authors: Preeti Wadhwani, Saloni Gankar
Industrial Machinery Market size is expected to reach USD 771.59 billion by 2024; according to a new research report by Global Market Insights, Inc. Asia Pacific leads the global revenue, on account of the considerable China industrial machinery market share across application areas. Untapped potential as well as steady demand in the region will contribute to high growth rate. The region also leads in semiconductor fabrication plant base, which will drive demand in the coming years. Government regulations, financial constraints and the increasing cost of ownership make rental an attractive alternative for an increasing number of government authorities, contractors and other construction equipment users. The rental landscape in the Europe an U.S. industrial machinery market includes short-term rentals that are mainly provided to small contractors. A growing number of equipment has become available on rent, with many companies engaging in both exclusive as well as non-exclusive contracts. Request Sample Buy NowInquiry Before Buying Agronomists use sensors on light aircraft, satellites, and agricultural vehicles in order to map crop conditions by observing its red & near-infrared reflectance. This helps in determining the NVDI (normalized difference vegetation index). For instance, in the UK, farmers measure the crop canopy status just before the nitrogen application, typically at three growth stages in the crop development from February till May. Comparing canopy size to healthy crop helps in determining the application map in order to match the amount of nitrogen spread to local plants. Similar technological developments on a global scale will drive the global industrial machinery market size. Agricultural machinery market has witnessed increased demand due to economic development. These mainly include farm tractors, harvesting, planting & fertilizing, haying, and livestock machinery, as well as liquid fertilizer spreaders/sprayers, planters, haying, plowing & cultivating machinery, etc. Browse key industry insights spread across 130 pages with 82 market data tables & 13 figures& charts from the report, “Industrial Machinery Market Size By Application (Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/industrial-machinery-market Inquiry Before BuyingRequest Sample Industrial machinery market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD billion from 2013 to 2024, for the following segments: Industrial machinery market by application The above information is provided on a regional and country basis for the following:
Key insights from the report include: