The industrial machinery
manufacturing industry comprises establishments primarily involved in
manufacturing 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.
The industrial machinery
manufacturing in this report is segmented into sawmill, woodworking, and paper
machinery manufacturing, other industrial machinery manufacturing, printing
machinery and equipment manufacturing, semiconductor machinery manufacturing
and food product machinery manufacturing.
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The global industrial machinery
manufacturing market has been growing in the past years with a CAGR of almost 0.5%.
TBRC’s latest report show the
historic and future trends in the market for each year with sourced reasons to
support the growth claims.
The report also shows the global
industrial machinery manufacturing market to grow at a higher CAGR by 2021 as
compared to 2017, along with geographies best suited for investments with
highest return rate.
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report at:
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%.
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Companies included in the report
are Tetra Laval International S.A., Applied Materials Inc., Tokyo Electron
Ltd., ASML Holding N.V., Lam Research, Heidelberger Druckmaschinen AG, Krones
Inc., Dainippon Screen Manufacturing Co., Ltd., KLA-Tencor Corp, and Xerox
Corporation.
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