Industrial Machinery Remanufacturing Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 101 SKU: IRTNTR72153

Industrial Machinery Remanufacturing Market Forecast 2024-2028

The industrial machinery remanufacturing market size is forecast to increase by USD 272.07 billion, at a CAGR of 12.28% between 2023 and 2028. The market size. The market growth analysis depends on several factors such as the rising demand for increasing asset utilization in manufacturing industries, the growing demand for customization in industrial machinery, and the rising demand for value chain optimization of costs at the same service level from various organizations. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

Due to factors such as rapid industrialization and urbanization, APAC dominated the market. Additionally, Bardons and Oliver Inc. offers industrial machinery remanufacturing services by providing formal machinery proposal outlining, refurnishing finished parts and suggested refurbishing options. They also offer cutoff machines, CNC lathes, and bar feeders. Also, Grand Rapids Machine Repair offers industrial machinery remanufacturing services which provide repairing injection molding machines, conveyor systems and many other forms of industrial equipment that minimize downtime and avoid catastrophic losses. They also offer press inspections and clutch conversions for automobiles.

Market Forecasting and Size

Market  Forecast 2023-2027

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver- Rising demand for increasing asset utilization in manufacturing industries

Most end-users of industrial machinery are changing their existing machinery and equipment to enhance machinery efficiency, reduce operational costs, and integrate all operational functions. Besides, the efficiency of industrial machinery entirely relies on the impeller and head, as they help in enhancing the amount of water or fluids that the motor can move. Selecting appropriate industrial machinery helps in boosting operational efficiency and lowering energy consumption.

Furthermore, factors such as the operating speed of the industrial machinery should be viewed while selecting a pump. These factors help in estimating the operational functionality of pumps and selecting the most suitable model. If end-users can use pumps, they can save operating costs by enhancing the life of industrial machinery. Consequently, the growing demand for increasing asset utilization in manufacturing industries will fuel the growth of the market during the forecast period.

Trends- Rising adoption of repair and remanufacture for industrial machinery

In end-user sectors, such as automobiles, aerospace, food, and beverage, where major wear and tear is possible, machinery is subjected to a harsh environment that may lead to corrosion and damage. Industrial machinery manufacturers are providing remanufacturing and maintenance services that use technologies such as plasma arc welding, and laser cladding to solve this problem.

Furthermore, the cost associated with the replacement of components may be quite high and represents a huge cost burden for the machine operator/owner. In such cases, the laser cladding of these components can significantly reduce the wear on the parts, thereby extending service life and considerably reducing the cost of operations and maintenance (O&M). Hence, such factors are expected to propel the market during the forecast period.

Challenge- High initial capital investment

In the case of remanufacturing facilities, special equipment like machine tools, testing and diagnostics devices as well as tools for component refurbishment are needed. It may be financially difficult to set up such facilities. Remanufacturing also entails the training of qualified technicians and engineers to perform disassembly, evaluation, reconstruction, or replacement of heavy machinery. Costs may be incurred in preparing and retaining these skilled workers.

Furthermore, in the case of major investments in remanufacturing facilities, SMEs frequently do not have sufficient resources to carry them out. Less costly options such as outsourcing or the purchase of new equipment may be chosen by them. The capital constraints can limit the expansion of remanufacturing services to different regions, industries, or types of machinery, which will negatively impact the growth of the market in focus during the forecast period.

Market Segmentation by Application, End-user, and Geography

Application Segment Analysis:

The aerospace segment will account for a major share of the market's growth during the forecast period.? The aerospace industry encompasses activities including design, development, and production of civil and military aircraft, aero engines, helicopters, and unmanned aerial vehicles and their associated systems, parts, and equipment. The remanufacturing process in the aerospace industry includes removing the unit from the aircraft to the workshop, disassembling, inspecting, repairing, replacing, reassembling the parts, and returning it to the aircraft after meeting strict Component Maintenance Manual (CMM) standards.

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The aerospace segment was valued at USD 72.09 billion in 2018. Factors such as budget constraints in aerospace spending, the need to maintain aging equipment and fleets, and the focus on sustainable and cost-effective aerospace solutions are driving the growth of this segment. Moreover, remanufacturing allows aerospace organizations to upgrade and extend the life of critical machinery, enhancing readiness while optimizing expenditure. Such factors will fuel the growth of the market in the aerospace segment during the forecast period.

End-user Segment Analysis:

Based on end-user, the market has been segmented into aftermarket and OEM. The aftermarket?segment will account for the largest share of this segment.?The aftermarket segment primarily involves the refurbishment and maintenance of machinery and components that are no longer under warranty. One of the primary drivers for the aftermarket segment is cost efficiency. Remanufacturing allows businesses to extend the lifespan of machinery and components, reducing the need to invest in entirely new equipment. This is particularly appealing for businesses looking to optimize their budgets. Additionally, as industries continue to prioritize these factors, the aftermarket segment of the market is expected to grow further during the forecast period.

Regional Analysis

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APAC is estimated to contribute 41% to the growth by 2027.  Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Due to factors such as rapid industrialization and urbanization, APAC is the fastest-growing regional market in the market. The leading countries in this region are China, Singapore, and India. APAC's rapid economic development, particularly in countries like China and India, has led to increased industrialization, creating a substantial market for remanufactured machinery. As industries expand, the demand for cost-effective, reliable machinery solutions grows. 

Moreover, several industries such as food and beverages, automotive, and others in the region are increasingly focused on sustainability and cost-effectiveness. Therefore, remanufacturing is seen as a waste reduction strategy adopted by several industry sectors. Thus, the rising adoption of sustainability practices in the region will drive the growth of the regional market during the forecast period 

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Exline Inc.: The company offers industrial machinery remanufacturing services which repair and fabricate replacement parts for the gas compression, power generation, industrial manufacturing, and plastics and rubber compounding industries. They also offer Exline warranty for remanufactured services.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., Advanced Machine and Engineering Co., Akron Gear and Engineering, Andritz AG, Astro Machine Works Inc., Bourn and Koch Inc., Caterpillar Inc., CNH Industrial NV, Deere and Co., Elmas SRL, EMI Equipment Manufacturers International Inc., Innovative Machine Solutions, JTEKT Corp., L and H Industrial Inc., Lee Industrial Contracting, Machine Tool Research Inc., and Pamco Machine Works Inc. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Aerospace
    • Automotive
    • Heavy duty and off road equipment
    • Electrical and electronic equipment
    • Others
  • End-user Outlook 
    • Aftermarket
    • OEMs
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is witnessing significant growth, particularly in developing nations, driven by the demand for mining remanufacturing components. With a focus on enhancing performance, reliability, and quality while ensuring environmental sustainability and energy savings, the market offers advantages such as reduced total lifecycle cost of mining equipment and material conservation. The rise in the inclination towards remanufacturing components stems from the Low Cost of Mining Components and the demand for enhanced components to meet the evolving needs of end users across various end-use industries.

Moreover, this surge is further propelled by the growth of the mining remanufacturing components market and the demand for improving operational efficiency and reducing lead time. Market players are capitalizing on profitable opportunities through the renting of machinery and the recent development of electric mining equipment. Despite restraints such as trade regulations and changes in market regulations, strategic production analysis and the exploration of application niches continue to drive dominance in the industry.

Industrial Machinery Remanufacturing Market Scope

Report Coverage

Details

Page number

101

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.28%

Market growth 2024-2028

USD 272.07 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

12.12

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advanced Machine and Engineering Co., Akron Gear and Engineering, Andritz AG, Astro Machine Works Inc., Bardons and Oliver Inc., Bourn and Koch Inc., Caterpillar Inc., CNH Industrial NV, Deere and Co., Elmas SRL, EMI Equipment Manufacturers International Inc., Exline Inc., Grand Rapids Machine Repair, Innovative Machine Solutions, JTEKT Corp., L and H Industrial Inc., Lee Industrial Contracting, Machine Tool Research Inc., and Pamco Machine Works Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global industrial machinery remanufacturing market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global industrial machinery remanufacturing market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Aerospace - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Aerospace - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Aerospace - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Aerospace - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Aerospace - Year-over-year growth 2023-2028 (%)
    • 6.4 Automotive - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 6.5 Heavy duty and off road equipment - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Heavy duty and off road equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Heavy duty and off road equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Heavy duty and off road equipment - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Heavy duty and off road equipment - Year-over-year growth 2023-2028 (%)
    • 6.6 Electrical and electronic equipment - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Electrical and electronic equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Electrical and electronic equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Electrical and electronic equipment - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Electrical and electronic equipment - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Aftermarket - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
    • 7.4 OEMs - Market size and forecast 2023-2028
      • Exhibit 64: Chart on OEMs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on OEMs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on OEMs - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on OEMs - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ billion)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key news
              • Exhibit 126: ABB Ltd. - Key offerings
              • Exhibit 127: ABB Ltd. - Segment focus
            • 12.4 Advanced Machine and Engineering Co.
              • Exhibit 128: Advanced Machine and Engineering Co. - Overview
              • Exhibit 129: Advanced Machine and Engineering Co. - Product / Service
              • Exhibit 130: Advanced Machine and Engineering Co. - Key offerings
            • 12.5 Akron Gear and Engineering
              • Exhibit 131: Akron Gear and Engineering - Overview
              • Exhibit 132: Akron Gear and Engineering - Product / Service
              • Exhibit 133: Akron Gear and Engineering - Key offerings
            • 12.6 Andritz AG
              • Exhibit 134: Andritz AG - Overview
              • Exhibit 135: Andritz AG - Business segments
              • Exhibit 136: Andritz AG - Key news
              • Exhibit 137: Andritz AG - Key offerings
              • Exhibit 138: Andritz AG - Segment focus
            • 12.7 Astro Machine Works Inc.
              • Exhibit 139: Astro Machine Works Inc. - Overview
              • Exhibit 140: Astro Machine Works Inc. - Product / Service
              • Exhibit 141: Astro Machine Works Inc. - Key offerings
            • 12.8 Bardons and Oliver Inc.
              • Exhibit 142: Bardons and Oliver Inc. - Overview
              • Exhibit 143: Bardons and Oliver Inc. - Product / Service
              • Exhibit 144: Bardons and Oliver Inc. - Key offerings
            • 12.9 Bourn and Koch Inc.
              • Exhibit 145: Bourn and Koch Inc. - Overview
              • Exhibit 146: Bourn and Koch Inc. - Product / Service
              • Exhibit 147: Bourn and Koch Inc. - Key offerings
            • 12.10 Caterpillar Inc.
              • Exhibit 148: Caterpillar Inc. - Overview
              • Exhibit 149: Caterpillar Inc. - Business segments
              • Exhibit 150: Caterpillar Inc. - Key news
              • Exhibit 151: Caterpillar Inc. - Key offerings
              • Exhibit 152: Caterpillar Inc. - Segment focus
            • 12.11 CNH Industrial NV
              • Exhibit 153: CNH Industrial NV - Overview
              • Exhibit 154: CNH Industrial NV - Business segments
              • Exhibit 155: CNH Industrial NV - Key news
              • Exhibit 156: CNH Industrial NV - Key offerings
              • Exhibit 157: CNH Industrial NV - Segment focus
            • 12.12 Deere and Co.
              • Exhibit 158: Deere and Co. - Overview
              • Exhibit 159: Deere and Co. - Business segments
              • Exhibit 160: Deere and Co. - Key offerings
              • Exhibit 161: Deere and Co. - Segment focus
            • 12.13 Elmas SRL
              • Exhibit 162: Elmas SRL - Overview
              • Exhibit 163: Elmas SRL - Product / Service
              • Exhibit 164: Elmas SRL - Key offerings
            • 12.14 Exline Inc.
              • Exhibit 165: Exline Inc. - Overview
              • Exhibit 166: Exline Inc. - Product / Service
              • Exhibit 167: Exline Inc. - Key offerings
            • 12.15 Grand Rapids Machine Repair
              • Exhibit 168: Grand Rapids Machine Repair - Overview
              • Exhibit 169: Grand Rapids Machine Repair - Product / Service
              • Exhibit 170: Grand Rapids Machine Repair - Key offerings
            • 12.16 Innovative Machine Solutions
              • Exhibit 171: Innovative Machine Solutions - Overview
              • Exhibit 172: Innovative Machine Solutions - Product / Service
              • Exhibit 173: Innovative Machine Solutions - Key offerings
            • 12.17 JTEKT Corp.
              • Exhibit 174: JTEKT Corp. - Overview
              • Exhibit 175: JTEKT Corp. - Business segments
              • Exhibit 176: JTEKT Corp. - Key news
              • Exhibit 177: JTEKT Corp. - Key offerings
              • Exhibit 178: JTEKT Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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