Reports
The machinery manufacturing industry faces numerous challenges, including shrinking profit margins, increasingly complex supply chains, and complex product cycles. The manufacturers are under tremendous pressure due to the rapid pace of technological advancements, rising customer expectations, and the pressure to get innovative products to market as quickly as possible. Correct souring strategies are therefore imperative in overcoming these challenges.
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The global Material Handling Equipment (MHE) market reached a value of about USD 41 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 50 billion by 2027.
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The global Directional Drilling Services market reached a value of about USD 10.2 billion in 2021. The industry is projected to grow at a CAGR of around 4% in the forecast period of 2022-2027 to reach a value of about USD 12.9 billion by 2027.
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The global Fasteners market reached a value of about USD 95.4 billion in 2021. The industry is projected to grow at a CAGR of around 4.5% in the forecast period of 2022-2027 to reach a value of about USD 124.23 billion by 2027.
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The global Industrial Motors market reached a value of about USD 54.92 billion in 2021. The industry is projected to grow at a CAGR of around 4.5% in the forecast period of 2022-2027 to reach a value of about USD 71.52 billion by 2027.
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The global Industrial Pumps market reached a value of about USD 62.62 billion in 2021. The industry is projected to grow at a CAGR of around 4.5% in the forecast period of 2022-2027 to reach a value of about USD 81.54 billion by 2027.
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The global Mining Support Equipment market reached a value of about USD 14.28 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 17.05 billion by 2027.
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The global Lighting Services market reached a value of about USD 168 billion in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about USD 225 billion by 2027.
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The global Machining market reached a value of about USD 367 billion in 2021. The industry is projected to grow at a CAGR of around 4% in the forecast period of 2022-2027 to reach a value of about USD 465 billion by 2027.
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The global Oil and Gas Surface Rental Equipment market reached a value of about USD 3.9 billion in 2021. The industry is projected to grow at a CAGR of around 11% in the forecast period of 2022-2027 to reach a value of about USD 7.3 billion by 2027.
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The global Off the Road Tyres market reached a value of about USD 28.7 billion in 2021. The industry is projected to grow at a CAGR of around 3.5% in the forecast period of 2022-2027 to reach a value of about USD 35.3 billion by 2027.
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