Historically, the global industrial machinery manufacturing market, one of the leading segments in the machinery manufacturing industry, grew at a slow compound annual growth rate (CAGR) of around 0.5%. This is mainly due to the replacement of traditional equipment with modern and more efficient machinery. The market consumption declined in 2015 due to the slowdown in the global economy particularly in the Chinese manufacturing market.
Furthermore, the global industrial machinery manufacturing market size is expected to reach above $120 billion in 2021, growing at a CAGR of slightly above 2%. The growth in the forecast period is attributed to rapid industrialization, rising automation and investments in end user industries.
Find TBRC’s report on the industrial machinery manufacturing market: https://www.thebusinessresearchcompany.com/report/industrial-machinery-manufacturing-global-market-report-2018

3D log scanning is being integrated with saw mill manufacturing equipment to produce high grade lumber at mills. 3D log scanner is a scanner that measures the actual shape of the logs by coupling vision sensors with geometric data on the log. The 3D log scanner helps in increasing resolution quality, scan speeds and laser lighting which is used to measure dark logs leading to a high-grade lumber recovery. The sensors used in 3D log scanning help in capturing the knots faster leading to an optimized yield. Major companies offering saw mill equipment with 3D log scanning technology include Raptor Integration Inc., LMI technologies, JoeScan.
Download a sample of the industrial machinery manufacturing industry report: https://www.thebusinessresearchcompany.com/sample.aspx?id=302&type=smp
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