Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Commercial And Industrial Machinery And Equipment Repair And Maintenance Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global commercial and industrial machinery and equipment repair and maintenance market will grow from $301.85 billion in 2022 to $326.93 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The commercial and industrial machinery and equipment repair and maintenance market is expected to grow from $434.82 billion in 2027 at a CAGR of 7.4%.
The growth is mainly due to rapid urbanization and rising economic growth. Rapid urbanization and rising economic growth are expected to propel the growth of commercial and industrial machinery and equipment repair going forward. Urbanization refers to the population shift from a rural area to an urban area.
Because of the increase in urbanization and population increase the usage of commercial machinery helps to increase repairs for commercial goods.
For instance, according to Uncharted, a US-based company that provides information regarding economic trends, for the year 2020 56.2% of the people living in urban areas are expected to increase to 79% by 2050. Their fore increase in Rapid urbanization and rising economic growth are driving the growth of the commercial and industrial machinery and equipment repair market.
Strategic collaborations for innovating new products have emerged as a key trend gaining popularity in the commercial and industrial machinery market. Major companies operating in the commercial and industrial machinery market are focused on collaborating with one another to create new technologically advanced products to sustain their position in the market.
For instance, in November 2022, The Chemours Company, a US-based chemical company with a Mexico-based commercial and industrial refrigeration equipment technology and manufacturing company, Bohn de Mexico. In accordance with the agreement, Bohn de Mexico will use OpteonTM XL20 (R-454 C), OpteonTM XL40 (R-454 A), and OpteonTM XL10 (R-1234 YF) for its new line of BOHN Ecoflex condensing units.
These refrigerants are non-ozone depleting (ODP) and have low global warming potential (GWP). The OpteonTM XL refrigerant line provides very low GWP solutions that are ideal for the new Ecoflex equipment generation from Bohn de Mexico, which offers cutting-edge technological innovations for the best energy efficiency of refrigeration systems and aids the business in achieving its sustainability goals.
The Asia-Pacific was the largest region in the commercial and industrial machinery and equipment repair maintenance market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the commercial and industrial machinery and equipment repair and maintenance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
Scope
Markets Covered:
1) By Type: Commercial Machinery Repair and Maintenance; and Industrial Machinery Repair and Maintenance
2) By Application: Agriculture; Construction; Packaging; Food Processing; Mining; Semiconductor Manufacturing; Other Applications
Companies Mentioned: Caterpillar Inc.; ABB Group; Deere & Co; CNH Industrial NV; and Linde AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Characteristics
4. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Product Analysis
5. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Supply Chain
6. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Customer Information
7. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Trends And Strategies
8. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Size And Growth
9. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Regional Analysis
10. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Segmentation
11. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Metrics
12. Asia-Pacific Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
13. Western Europe Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
14. Eastern Europe Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
15. North America Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
16. South America Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
17. Middle East Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
18. Africa Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
19. Commercial and Industrial Machinery and Equipment Repair and Maintenance Market Competitive Landscape
20. Key Mergers And Acquisitions In The Commercial and Industrial Machinery and Equipment Repair and Maintenance Market
21. Market Background: Repair and Maintenance Market
22. Recommendations
23. Appendix
A selection of companies mentioned in this report includes
- Caterpillar Inc.
- ABB Group
- Deere & Co
- CNH Industrial NV
- Linde AG
For more information about this report visit https://www.researchandmarkets.com/r/2plwit
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