Global Machinery Market 2021 Growth and Key to the Global Industry

Machinery market

The Business Research Company offers “Machinery Global Market Report 2021: COVID-19 Impact And Recovery To 2030” in its research reports store. This is the most comprehensive report available in this market and will help you gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geographic area and the market size by region and country. It also compares historical and forecast market growth and highlights important trends and strategies that market players can adopt.

The machinery market report describes and explains the global machinery market and covers 2015 to 2020, referred to as historical period, and 2020 to 2025, referred to as forecast period, along with other forecasts for the period 2025-2030. The report assesses the market in each region and for the major economies in each region.

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The machinery market includes the sales of industrial and commercial machinery by entities (organizations, sole proprietorships or partnerships) that produce industrial and commercial machinery. These establishments assemble parts into components, sub-assemblies and complete machines. The machinery market is segmented into agricultural, construction and mining machinery, industrial machinery, commercial and service machinery, ventilation, heating, air conditioning and commercial refrigeration equipment, metalworking machinery, motors, turbines and power transmission equipment, and other general purpose machinery.

The global machinery market is expected to grow from $ 2,995.73 billion in 2020 to $ 3,198.95 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 4,341.03 billion in 2025 at a CAGR of 8%.

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Some of the major players in the machinery market are General Electric Company, Caterpillar Inc., Canon Inc., Deere & Company, Mitsubishi Heavy Industries.

Countries covered in the global machinery market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt , Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.

The regions covered in the global machinery market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The global machinery market is segmented –
1) By type: agricultural, construction and mining machinery, industrial machinery, commercial and service machinery, ventilation, heating, air conditioning and commercial refrigeration equipment, metalworking machines, engines, turbines and transmission equipment of power, other general purpose machines

Learn more about the Global Machinery Market report:

Some points from the table of contents
1. Summary
2. Structure of the report
3. Characteristics of the machinery market
4. Product analysis of the machinery market
5. Machinery market supply chain
21. Competitive landscape of the machinery market
22. Key mergers and acquisitions in the machinery market
23. Recommendations
24. Annex
25. Copyright and disclaimer

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