Hexa Research
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The growth in the Industrial machinery market is driven by the increasing global
demand for cars which will lead to a rise in the spending on robotics and the tools used
in the automotive sector. The increase in the production of automobiles will also lead to
an increase in the rubber and plastic industries which will, in turn, drive overall market
demand.
The increase in standard of living worldwide increased spending on nutrition and the
growth in demand for food will be a huge gain for the food and packaging industry. The
rise in demand for housing, commercial buildings, and better infrastructural facilities is
expected to increase the demand for machinery used in the construction sector.
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The increasing popularity of green technologies has led to an increase in demand for
the industrial machinery in photovoltaic and in wind turbines manufacturing companies.
The growing demand for efficiency and quality is anticipated to drive investments in the
development of the industrial machinery market. Automated machinery saves time,
improves quality and also lowers operational cost of a manufacturing company.
The packaging industry is expected to boost the demand for industrial machinery.
Increasing investment in lighter packaging which requires fewer materials, produces
less waste and is more energy efficient is projected to spur the demand for industrial
machinery. Further, the technological advances in packaging like wrapping food in
ready-to-cook enclosures and new aseptic packaging technology is projected to drive
the market growth.
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