The Commercial And Service Industry Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Commercial And Service Industry Machinery Global Market Report 2024, The commercial and service industry machinery market size has grown strongly in recent years. It will grow from $215.06 billion in 2023 to $229.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urbanization and infrastructure development, hospitality and tourism growth, digitalization of services, commercial real estate development, energy efficiency and sustainability.
The commercial and service industry machinery market size is expected to see strong growth in the next few years. It will grow to $294.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to iot and smart building solutions, sustainability and green practices, customization and personalization, digital transformation, globalization of commercial services. Major trends in the forecast period include robotic process automation (RPA), remote and contactless services, sustainable facility management, 3D printing in commercial design, e-commerce and last-mile delivery solutions.
Expanding the advertising industry is expected to propel the growth of the commercial and service industry machinery market going forward. The advertising industry refers to the sector that encompasses activities related to creating, planning, executing, and managing promotional campaigns and messages to reach and persuade target audiences. The advertising industry’s reliance on digital signage, displays, and the production of promotional materials drives the demand for commercial machinery such as digital printers, large-format printing equipment, and photographic and photocopying equipment that play a significant role in the advertising industry by facilitating the production of various advertising materials. For instance, in March 2023, according to Canadian Industry Statistics (CIS), a database provided by Statistics Canada, the Canadian national statistical agency, the display advertising industry generated an average revenue of $422.3 thousand in 2021, up from $416.8 thousand in 2020.Therefore, expanding the advertising industry is driving the growth of the commercial and service industry machinery market going forward.
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The commercial and service industry machinery market covered in this report is segmented –
1) By Type: Commercial And Service Industry Machinery; Photographic And Photocopying Equipment; Optical Instrument And Lens
2) By Operation: Autonomous; Semi-Autonomous; Manual
3) By Capacity: Small; Medium; Large
Subsegments Covered: ; Cameras (Except Television And Video); Projectors; Photocopying Equipment; Other Photographic And Photocopying Equipment; Binoculars; Microscopes (Except Electron, Proton); Telescopes; Other Optical Instrument And Lens
The commercial and service industry machinery market report table of contents includes:
1. Executive Summary
2. Commercial and Service Industry Machinery Market Characteristics
3. Commercial and Service Industry Machinery Product/Service Analysis -Product/Service Examples
4. Commercial and Service Industry Machinery Market Trends And Strategies
5. Commercial and Service Industry Machinery Market – Macro Economic Scenario
………..
68. Global Commercial and Service Industry Machinery Market Competitive Benchmarking
69. Global Commercial and Service Industry Machinery Market Competitive Dashboard
70. Key Mergers and Acquisitions In The Commercial And Service Industry Machinery Market
71. Commercial and Service Industry Machinery Market Future Outlook and Potential Analysis
72. Appendix
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