烘焙設備市場 - 全球產業規模、佔有率、趨勢、機會及預測（按產品類型、應用、操作模式、最終用戶、地區和競爭格局分類，2021-2031年）

全球烘焙設備市場預計將從 2025 年的 166.7 億美元成長到 2031 年的 242.1 億美元，複合年成長率為 6.42%。

該領域涵蓋用於大規模生產的工業機械，例如商用攪拌機、烤箱、醒發箱和麵團加工系統。推動這一成長的關鍵因素是全球簡便食品消費量的不斷成長以及透過自動化降低人事費用的營運需求。根據德國機械設備製造業聯合會（VDMA）的數據，食品加工和包裝器材的出口額預計將在2024年成長6%，達到106億歐元，這表明國際市場對這些製造技術的需求強勁。

然而，生產設施現代化需要大量的初始投資，這對市場擴張構成了重大障礙。安裝先進設備的高昂成本往往阻礙了中小企業升級改造的步伐。這種資金限制阻礙了自動化解決方案的廣泛應用，導致製造商，尤其是在發展中地區的製造商，不願投資現代技術，繼續依賴人工操作。

市場促進因素

為了應對烘焙業持續存在的勞動力短缺問題，加速採用工業自動化和機器人技術已成為關鍵策略。為了在熟練技術純熟勞工短缺的情況下維持產量，製造商正在擴大自動化麵團加工和包裝系統的應用。根據美國烘焙協會 (ABA) 於 2025 年 5 月發布的《勞動力缺口調查》，60% 的麵包店表示維護和工程人員嚴重短缺，這加速了向機械化操作的轉變，從而最大限度地減少人為干預。這種轉變使工廠即使在勞動力緊張的情況下也能保持穩定的生產計劃和產品一致性。

同時，全球對即食便捷烘焙產品的需求不斷成長，促使生產商擴大產能。隨著消費者對便利產品的需求日益成長，烘焙業正大規模投資高產能機械設備以滿足市場需求。米德爾比公司（Middleby Corporation）於2025年11月發布的《2025年第三季財務報告》清晰地印證了這一趨勢，報告顯示，其食品加工設備部門的銷售額同比成長13.2%，達到2.013億美元。此外，德國機械工業協會（VDMA）於2025年6月發布的報告預測，2024年德國對美國的食品加工和包裝器材出口將成長7%，達到18億歐元。這進一步印證了消費者習慣變化所推動的持續成長動能。

市場挑戰

全球烘焙設備市場的一大障礙是生產設施現代化所需的大量初始投資。採用先進的工業機械，例如大容量烤箱和自動化麵團處理系統，需要大量的前期投資，不僅包括購買價格，還包括安裝、設備維修和專業培訓費用。這種財務負擔對中小企業來說尤其沉重，因為它們往往缺乏足夠的流動資金來支付這些費用。因此，這些製造商往往堅持使用勞動密集且效率低下的手工流程，而且該行業很大一部分企業無法獲得規模化所需的技術，從而限制了市場的潛在規模。

近期產業績效指標證實了這個投資限制因素：根據德國機械設備製造業聯合會（VDMA）預測，2024年食品加工和包裝器材產業的產值將下降約2%，至161億歐元。產值下降與國內投資活動低於預期有關。這一萎縮凸顯了資本約束和融資猶豫如何直接阻礙市場成長勢頭，並使該行業無法充分利用全球趨勢。

市場趨勢

一個關鍵趨勢是節能烤箱和熱回收系統的日益普及，這主要得益於製造商為降低營運成本和實現永續性目標所做的努力。由於工業烘焙是高能耗產業，因此對配備廢熱回收裝置的機器的需求不斷成長。這些裝置可以回收熱能，並將其用於預熱燃燒空氣和設備用水。同時，生產商正在轉向使用電隧道烤箱，以提高溫度控制精度並最終擺脫對石化燃料的依賴。布勒集團於2025年2月發布的2024年度報告也印證了這項對生態效率的承諾。報告指出，該公司最佳化的製程技術可以將麵粉到餅乾生產線的二氧化碳當量排放量減少高達10%，凸顯了該產業對綠色現代化的追求。

此外，物聯網 (IoT) 和人工智慧 (AI) 的應用正在革新市場，建構以數位化品管和預測性維護為核心的智慧製造生態系統。這些技術超越了基礎自動化，使設備能夠分析效能數據並預測零件故障，從而顯著減少非計劃性停機時間。此外，數位化配方管理系統利用感測器追蹤麵團特性，並自動調整加工參數，以確保產品品質的一致性。羅克韋爾自動化於 2025 年 6 月發布的第十份年度智慧製造報告也印證了這項轉變。該報告顯示，95% 的製造商正在投資人工智慧以增強其營運的韌性，這表明烘焙行業正朝著數據驅動型營運模式穩步邁進。

目錄

第1章概述

第2章調查方法

第3章執行摘要

第4章：客戶評價

第5章 全球烘焙設備市場展望

• 市場規模及預測
  • 按金額
• 市佔率及預測
  • 依產品種類（攪拌機、烤箱/醒發箱、壓片機/成型機、分割機、其他（土司麵包切片機））
  • 用途（麵包、蛋糕/酥皮點心、餅乾/點心、披薩餅皮、其他（麵包屑））
  • 依操作模式（半自動、全自動）
  • 依最終用戶分類（麵包加工業與食品服務服務業）
  • 按地區
  • 按公司（2025 年）
• 市場地圖

第6章 北美烘焙設備市場展望

• 市場規模及預測
• 市佔率及預測
• 北美洲：國家分析
  • 美國
  • 加拿大
  • 墨西哥

第7章 歐洲烘焙設備市場展望

• 市場規模及預測
• 市佔率及預測
• 歐洲：國家分析
  • 德國
  • 法國
  • 英國
  • 義大利
  • 西班牙

第8章：亞太地區烘焙設備市場展望

• 市場規模及預測
• 市佔率及預測
• 亞太地區：國家分析
  • 中國
  • 印度
  • 日本
  • 韓國
  • 澳洲

第9章 中東和非洲烘焙​​設備市場展望

• 市場規模及預測
• 市佔率及預測
• 中東和非洲：國家分析
  • 沙烏地阿拉伯
  • 阿拉伯聯合大公國
  • 南非

第10章：南美洲烘焙設備市場展望

• 市場規模及預測
• 市佔率及預測
• 南美洲：國家分析
  • 巴西
  • 哥倫比亞
  • 阿根廷

第11章 市場動態

• 促進要素
• 任務

第12章 市場趨勢與發展

• 併購
• 產品發布
• 最新進展

第13章 全球烘焙設備市場：SWOT分析

第14章：波特五力分析

• 產業競爭
• 新進入者的可能性
• 供應商電力
• 顧客權力
• 替代品的威脅

第15章 競爭格局

• The Middleby Corporation
• JBT Corporation
• ILLINOIS TOOL WORKS INC.
• MARKEL CORPORATION
• Heat and Control, Inc.
• BUhler Group
• GEA Group Aktiengesellschaft
• Ali Group Srl a Socio Unico
• RHEON Automatic Machinery Co., Ltd
• Schenck Process Holding GmbH

第16章 策略建議

第17章：關於研究公司及免責聲明

The Global Bakery Equipment Market is projected to expand from USD 16.67 Billion in 2025 to USD 24.21 Billion by 2031, registering a CAGR of 6.42%. This sector encompasses industrial machinery like commercial mixers, ovens, proofers, and dough processing systems designed for the high-volume manufacturing of baked products. The primary catalysts for this growth include the increasing worldwide consumption of convenience foods and the operational need to reduce labor costs via automation. Data from VDMA indicates that in 2024, exports of food processing and packaging machinery rose by 6 percent to 10.6 billion euros, highlighting robust international demand for these manufacturing technologies.

However, market expansion faces a substantial hurdle due to the high initial capital investment needed to modernize production facilities. The significant expenses involved in acquiring advanced machinery frequently discourage small and medium enterprises from upgrading their equipment. This financial constraint limits the widespread adoption of automated solutions, especially in developing regions where manufacturers often continue to depend on manual processes instead of investing in modern technology.

Market Driver

The accelerated implementation of industrial automation and robotics has become a vital strategy to combat ongoing labor shortages within the bakery manufacturing industry. To sustain throughput amidst a lack of skilled labor, producers are increasingly incorporating automated dough processing and packaging systems. According to the American Bakers Association's 'Workforce Gap Study' from May 2025, 60% of bakers cited a high or severe shortage of maintenance and engineering staff, accelerating the move toward mechanized operations that demand less manual oversight. This shift enables facilities to maintain stable production schedules and product consistency despite workforce limitations.

Simultaneously, rising global demand for ready-to-eat and convenience bakery products is driving manufacturers to enhance their industrial capacities. With consumers favoring on-the-go options, bakeries are making significant investments in high-capacity machinery to satisfy these volume needs. This trend is evident in The Middleby Corporation's 'Third Quarter 2025 Earnings' report from November 2025, which noted a 13.2% year-over-year increase in sales for its Food Processing Equipment Group, totaling $201.3 million. Additionally, VDMA reported in June 2025 that exports of food processing and packaging machinery from Germany to the United States grew by 7 percent to 1.8 billion euros in 2024, confirming a continued growth trajectory fueled by evolving consumption habits.

Market Challenge

A major obstacle hindering the Global Bakery Equipment Market is the substantial initial capital investment needed to modernize production facilities. Acquiring advanced industrial machinery, such as high-capacity ovens and automated dough processing systems, involves significant upfront costs that cover not only the purchase price but also installation, facility retrofitting, and specialized training. This financial load is especially heavy for small and medium-sized enterprises (SMEs), which frequently lack the liquidity to manage such expenses. As a result, these manufacturers often stick to labor-intensive, less efficient manual methods, thereby limiting the market's potential volume since a large portion of the industry cannot access the technology required to scale up.

Recent industry performance metrics provide evidence of this investment limitation. According to VDMA, production in the food processing and packaging machinery sector fell by nearly 2 percent to 16.1 billion euros in 2024, a decline linked to weaker-than-expected domestic investment activity. This contraction underscores how capital constraints and financial hesitancy directly impede market momentum, preventing the industry from fully leveraging global demand trends.

Market Trends

A key trend is the increasing adoption of energy-efficient ovens and heat recovery systems, driven by manufacturers' goals to reduce operating costs and achieve sustainability targets. Because industrial baking is energy-intensive, there is growing demand for machinery featuring waste heat recovery units that repurpose thermal energy to preheat combustion air or facility water. Simultaneously, producers are shifting toward electric tunnel ovens to enhance temperature precision and end reliance on fossil fuels. This commitment to eco-efficiency is supported by Buhler Group's 'Annual Report 2024' from February 2025, which states that their optimized process technologies enable a reduction of up to 10% in the CO2 equivalent impact of flour-to-biscuit production lines, highlighting the sector's drive for green modernization.

Furthermore, the incorporation of the Internet of Things (IoT) and Artificial Intelligence (AI) is revolutionizing the market by creating smart manufacturing ecosystems centered on digital quality control and predictive maintenance. These technologies go beyond basic automation by allowing equipment to analyze performance data and predict component failures, thereby drastically cutting unplanned downtime. In addition, digitized recipe management systems use sensors to track dough properties and automatically fine-tune processing parameters for consistent results. This transition is confirmed by Rockwell Automation's '10th Annual State of Smart Manufacturing Report' from June 2025, which reveals that 95% of manufacturers are investing in AI to boost operational resilience, signaling a robust move toward data-driven bakery operations.

Key Market Players

• The Middleby Corporation
• JBT Corporation
• ILLINOIS TOOL WORKS INC.
• MARKEL CORPORATION
• Heat and Control, Inc.
• BUhler Group
• GEA Group Aktiengesellschaft
• Ali Group S.r.l. a Socio Unico
• RHEON Automatic Machinery Co., Ltd
• Schenck Process Holding GmbH

Report Scope

In this report, the Global Bakery Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bakery Equipment Market, By Product Type

• Mixers
• Ovens & Proofers
• Sheeters & Molders
• Divider
• Others (Bread Slicers)

Bakery Equipment Market, By Application

• Bread
• Cakes & Pastries
• Cookies & Biscuits
• Pizza Crust
• Others (Breadcrumbs)

Bakery Equipment Market, By Mode of Operation

• Semi-Automatic
• Automatic

Bakery Equipment Market, By End-User

• Bakery Processing Industry
• Foodservice Industry

Bakery Equipment Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bakery Equipment Market.

Available Customizations:

Global Bakery Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Bakery Equipment Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product Type (Mixers, Ovens & Proofers, Sheeters & Molders, Divider, Others (Bread Slicers))
  • 5.2.2. By Application (Bread, Cakes & Pastries, Cookies & Biscuits, Pizza Crust, Others (Breadcrumbs))
  • 5.2.3. By Mode of Operation (Semi-Automatic, Automatic)
  • 5.2.4. By End-User (Bakery Processing Industry V/s Foodservice Industry)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Bakery Equipment Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product Type
  • 6.2.2. By Application
  • 6.2.3. By Mode of Operation
  • 6.2.4. By End-User
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Bakery Equipment Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product Type
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By Mode of Operation
      • 6.3.1.2.4. By End-User
  • 6.3.2. Canada Bakery Equipment Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product Type
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By Mode of Operation
      • 6.3.2.2.4. By End-User
  • 6.3.3. Mexico Bakery Equipment Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product Type
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By Mode of Operation
      • 6.3.3.2.4. By End-User

7. Europe Bakery Equipment Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product Type
  • 7.2.2. By Application
  • 7.2.3. By Mode of Operation
  • 7.2.4. By End-User
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Bakery Equipment Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product Type
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By Mode of Operation
      • 7.3.1.2.4. By End-User
  • 7.3.2. France Bakery Equipment Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product Type
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By Mode of Operation
      • 7.3.2.2.4. By End-User
  • 7.3.3. United Kingdom Bakery Equipment Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product Type
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By Mode of Operation
      • 7.3.3.2.4. By End-User
  • 7.3.4. Italy Bakery Equipment Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product Type
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By Mode of Operation
      • 7.3.4.2.4. By End-User
  • 7.3.5. Spain Bakery Equipment Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product Type
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By Mode of Operation
      • 7.3.5.2.4. By End-User

8. Asia Pacific Bakery Equipment Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product Type
  • 8.2.2. By Application
  • 8.2.3. By Mode of Operation
  • 8.2.4. By End-User
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Bakery Equipment Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product Type
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By Mode of Operation
      • 8.3.1.2.4. By End-User
  • 8.3.2. India Bakery Equipment Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product Type
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By Mode of Operation
      • 8.3.2.2.4. By End-User
  • 8.3.3. Japan Bakery Equipment Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product Type
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By Mode of Operation
      • 8.3.3.2.4. By End-User
  • 8.3.4. South Korea Bakery Equipment Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product Type
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By Mode of Operation
      • 8.3.4.2.4. By End-User
  • 8.3.5. Australia Bakery Equipment Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product Type
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By Mode of Operation
      • 8.3.5.2.4. By End-User

9. Middle East & Africa Bakery Equipment Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product Type
  • 9.2.2. By Application
  • 9.2.3. By Mode of Operation
  • 9.2.4. By End-User
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Bakery Equipment Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product Type
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By Mode of Operation
      • 9.3.1.2.4. By End-User
  • 9.3.2. UAE Bakery Equipment Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product Type
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By Mode of Operation
      • 9.3.2.2.4. By End-User
  • 9.3.3. South Africa Bakery Equipment Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product Type
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By Mode of Operation
      • 9.3.3.2.4. By End-User

10. South America Bakery Equipment Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product Type
  • 10.2.2. By Application
  • 10.2.3. By Mode of Operation
  • 10.2.4. By End-User
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Bakery Equipment Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product Type
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By Mode of Operation
      • 10.3.1.2.4. By End-User
  • 10.3.2. Colombia Bakery Equipment Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product Type
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By Mode of Operation
      • 10.3.2.2.4. By End-User
  • 10.3.3. Argentina Bakery Equipment Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product Type
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By Mode of Operation
      • 10.3.3.2.4. By End-User

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Bakery Equipment Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. The Middleby Corporation
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. JBT Corporation
• 15.3. ILLINOIS TOOL WORKS INC.
• 15.4. MARKEL CORPORATION
• 15.5. Heat and Control, Inc.
• 15.6. BUhler Group
• 15.7. GEA Group Aktiengesellschaft
• 15.8. Ali Group S.r.l. a Socio Unico
• 15.9. RHEON Automatic Machinery Co., Ltd
• 15.10. Schenck Process Holding GmbH

16. Strategic Recommendations

17. About Us & Disclaimer