Automotive & Transportation Market Analysis Industrial Machinery Market Research Report
Hexa Research
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Industrial Machinery Market Research Report - Global Industry
Analysis, Size, Growth and Forecast to 2024 | Hexa Research
The industrial machinery market size is estimated to grow at an approximate CAGR of
6% from 2016 to 2024. The improving economic conditions worldwide is one of the
major factor driving the demand for the industrial machinery in various sectors such as
packaging, agriculture, machine tools and materials handling. Rapid industrialization
and increasing investment in capital-intensive technologies has led to a significant
increase in the demand for the industrial machinery.
Industrial machinery is considered crucial in the operations of printing, food, textile,
construction, pharmaceuticals, chemical, automotive, agricultural, power generation,
utility, transportation and shipping industries.
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