Industrial Machinery Manufacturing Global Market Report 2018

Industrial Machinery Manufacturing Global Market Report 2018
Starting Price : $ 6000.00 | Pages : 250 | Published : February 2018

SKU CODE : 3283 | Format :

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.

North America was the largest region in the industrial machinery manufacturing market in 2017, accounting for 33% market share. Asia Pacific was the second largest region accounting for 29% market share. South America was the smallest region accounting for 1% market share.

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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