The Business Research Company’s latest report Industrial Machinery Market Report 2020 covers Industrial Machinery market drivers, Industrial Machinery market trends, Industrial Machinery market segments, Industrial Machinery market growth rate, Industrial Machinery market major players, and Industrial Machinery market size. The report provides in-depth analysis of the impact of COVID-19 on the Industrial Machinery industry, along with revised market numbers due to the effects of the coronavirus.
Industrial Machinery Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The 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.
The report covers the Industrial Machinery market’s segments-
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.
Subsegments covered: Woodworking Machinery, Paper Industry Machinery, Chemical Processing Machinery And Equipment, Glass Making Machinery, Petroleum Refining Machinery, Plastics Working Machinery, Rubber Working Machinery, Tannery Machinery, Textile Making Machinery, Others – Other Industrial Machinery, Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery And Equipment, Others – Printing Machinery And Equipment, Wafer Processing Equipment, Semiconductor Assembly And Packaging Equipment, Other Semiconductor Making Machinery, Dairy Product Plant Machinery And Equipment, Bakery Machinery And Equipment, Meat And Poultry Processing And Preparation Machinery, Other Commercial Food Products Machinery.
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