The 2023-2028 World Outlook for Translation Services

The 2023-2028 World Outlook for Translation Services

This study covers the world outlook for translation services across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers translation services as defined by the North American Industrial Classification system or NAICS (pronounced nakes).

The NAICS code for translation services is 3332943. It is for this definition that aggregate latent demand estimates are derived. Translation services is specifically defined as follows:

3332943 Commercial food products machinery

33329431 Commercial food products slicers

33329432 Commercial food products choppers, grinders, cutters, dicers, and similar machines

33329433 Commercial food products mixers and whippers (except drink mixers)

33329434 Other commercial food preparation machines, including tenderizers (power driven) (except packaging machinery and food cooking and warming equipment)

33329435 Parts and attachments for commercial food preparation machines (except packaging machinery and food cooking and warming equipment)

33329436 Industry bakery machinery and equipment

3332943111 Commercial food products slicers

3332943221 Commercial food products choppers, grinders, cutters, dicers, and similar machines

3332943331 Commercial food products mixers and whippers (except drink mixers)