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.
The commercial and service industry machinery manufacturing in this report is segmented into optical instrument and lens manufacturing, photographic and photocopying equipment manufacturing and other commercial and service industry machinery manufacturing.
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The global commercial and service industry machinery manufacturing market has been declining in the past years with a CAGR of almost -4%. The year 2017 recorded growth in this market with a net market value more than 17% lower than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the decline claims.
The report also shows the global commercial and service industry machinery manufacturing market to decline at a lower CAGR by 2021 as compared to 2017.
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Polymer optic fiber is widely being used in automotive, aircraft manufacturing, electronics and other industries apart from telecommunications industry. Polymer optic fiber which is similar to glass optic fiber is made with polymer and transmits light through the core of fiber. It comprises polymethyl methacrylate(PMMA) which facilitates light transmission along with fluorinated polymers which is the cladding material. Polymer optic fibers are light weight and comparatively less expensive and support bit rates of upto 10Gbps.Polymer optic fiber applications include Internet Of Things, home networking, sensors for structural health monitoring. Major companies offering polymer optic fiber include Mitsubishi Rayon, Asahi Kasei, Asahi Glass and Fujifilm.
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Companies included in the report are Canon Inc., Ricoh Co. Ltd., Fujifilm Corporation, Sony Electronics Inc., Nikon Inc., Olympus Corporation, GoPro Inc., Photronics Inc., and Cognex Corporation.
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