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The Global Commercial And Service Industry Machinery Manufacturing Market Is Valued At $140 Billion In 2017 According To TBRCÂ’s Latest Report


(EuropeNewsWire.Net, June 29, 2018 ) The commercial and service industry machinery manufacturing industry comprise companies offering commercial and service industry machinery such as optical instruments, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), and commercial-type cooking equipment.

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The market is valued at $140 billion in 2017. The continued fall in demand for traditional camera and telescope lenses, and equipment such as binoculars and typewriters will lead to decline in the market.

The commercial and service industry machinery manufacturing market in The Business Research Company’s report is segmented into three segments, namely other commercial and service industry machinery manufacturing, photographic and photocopying equipment manufacturing and optical instrument and lens manufacturing. While the first segment accounts for nearly two-third of the market share, the remaining share is attributed to the other two segments.

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China was the largest country in the commercial and service industry machinery manufacturing market in 2017, accounting for nearly, one-fourth of the market share. This was partially as a result of high smartphone manufacturing in the country, thereby Ieading to increased demand for advanced lenses and cameras. China was followed by the USA and Japan as the next largest companies in the market.

Canon Inc. was the largest company in the commercial and service industry machinery manufacturing market, followed by Ricoh Company, Ltd. and Fujifilm Holdings Corporation. Canon Inc. is involved in the manufacture of imaging and optical products, including cameras, camcorders, photocopiers, steppers, computer printers and medical equipment. Canon is headquartered in Tokyo, Japan and employs around 197,673 people.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293


The Business Research Company

Marketing TBRC

+91 8897263534

Source: EmailWire.Com
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