Harrisburg, NC -- (SBWIRE) -- 10/15/2020 -- The report titled "Industrial Machinery Market" has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The global industrial machinery market is expected to decline from $580 billion in 2019 to $547.2 billion in 2020 at a compound annual growth rate (CAGR) of -5.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $668.4 billion in 2023.
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https://www.marketinsightsreports.com/reports/06022059177/industrial-machinery-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-woodworking-and-paper-machinery-other-industrial-machinery-printing-machinery-and-equipment-semiconductor-machinery-food-product-machinery-2-by-operation-autonomous-semi-autonomous-manual-3-by-capacity-small-medium-large-covering-tetra-laval-international-sa-applied-materials-inc-lam-research-corp-tokyo-electron-ltd-asml-holding-n/inquiry?mode=releasewire&mode=74
Key Market Players:
Tetra Laval International SA; Applied Materials Inc; Lam Research Corp; Tokyo Electron Ltd; ASML Holding NV and Other
Industry News:
Dec 6: Tokyo Electron Limited (TEL) today announced the launch of a suite of new tools for 3DI packaging, including its TSV deep silicon etch system, the Tactras? FAVIAS, the TELINDY PLUS? VDP, a type of polyimide*1 film formation production equipment that uses vapor deposition polymerization technology, and wafer bonder/debonder equipment, the Synapse? Series.3D packaging, in which multiple semiconductors are vertically stacked, has developed rapidly for mass production over the past few years. This manufacturing technique helps to increase the functionality of progressively advanced smartphones, tablet PCs, and other devices, while simultaneously reducing their size.
Markets Covered:
1) By Type: Woodworking And Paper Machinery; Other Industrial Machinery; Printing Machinery And Equipment; Semiconductor Machinery; Food Product Machinery
2) By Operation: Autonomous; Semi-autonomous; Manual
3) By Capacity: Small; Medium; Large
Asia Pacific was the largest region in the global industrial machinery market, accounting for 55% of the market in 2019. Western Europe was the second largest region accounting for 20% of the global industrial machinery market. Africa was the smallest region in the global industrial machinery market.
Industrial machinery manufacturers are using industrial internet of things (IIoT) for faster production and delivery of industrial machinery to customers. IIoT is a technology in which sensors, computers, networks interact with their environment to generate data and improve industrial processes. IIoT streamlines the flow of information and enables real-time decisions. This leads to enhanced production efficiency, minimal machine breakdowns and lower manufacturing costs. For instance, Stanley Black & Decker implemented IIoT in a plant in Mexico to monitor the status of production lines in real time via mobile devices, this technology improved production equipment efficiency by 24%, labor utilization by 10%, and throughput by 10%.
The industrial machinery market consists of sales of industrial machinery such as food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), machinery for making paper and paper products, printing and binding machinery and equipment, textile making machinery, and machinery for making plastics and rubber products.by entities (organizations, sole traders or partnerships) that produce industrial machinery.
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Industrial Machinery Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and
– Competitive landscape of Industrial Machinery Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Finally, the Industrial Machinery Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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