Historically, the global commercial and service industry machinery manufacturing market, one of the segments in the machinery manufacturing industry, declined at a compound annual growth rate (CAGR) of around 5%. The decline is mainly due to decrease in construction activities thus leading to a fall in the demand for amusements and carnival parks. Also, stringent regulations related to food products, guns, and cigarettes also affected the market for vending machines globally.
Furthermore, the global commercial and service industry machinery manufacturing market size is expected to reach above $130 billion in 2021, declining at a CAGR of around 1%. This can be attributed to continued fall in demand for traditional camera and telescope lenses, equipment such as binoculars and typewriters in the forecast period.
Find TBRC’s report on the commercial and service industry machinery manufacturing market: https://www.thebusinessresearchcompany.com/report/commercial-and-service-industry-machinery-manufacturing-global-market-report-2018
Pico projectors have significantly increased over the years, owing to mobility and high-quality picture features offered by these projectors. They are small portable projectors widely used in home theatres and office presentations. It is battery operated, and weigh around a pound using LEDs for large displays. Other benefits such as mobility, longer operational time, enlarging visual content and higher picture quality have created a significant market size for pico projectors. Integration of pico projectors with smartphones like Lenovo, Samsung, LG and Phillips have also a significant rise in sales in the past two years.
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