Industrial Equipment - Coverage Report Q4 2018

Q4 2018

On the heels of growth in downstream manufacturing markets, demand in the Industrial Equipment industry has been significant. The Industrial Production Index, a measure of manufacturing, mining, and utility output, indicates robust manufacturing activity and has risen 5.1% year-over-year. Rising industrial output has subsequently lead to a 7.1% YOY increase in demand for new industrial equipment and machinery and is expected to reach $925.4 billion by 2023, according to IBISWorld.

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