• Summary
  • Table Of Content
  • Segmentation
  • Request sample

Industrial Machinery Market Synopsis

Industrial Machinery Market size was valued at USD 700.62 billion in 2023 and is projected to reach USD 979.22 billion by 2032, growing at a CAGR of 3.79% from 2024 to 2032

  • Industrial machinery refers to a broad category of specialized equipment and machines designed for various industrial applications across diverse sectors such as manufacturing, construction, agriculture, mining, and more. These machines are pivotal for automating processes, enhancing productivity, and ensuring precision and efficiency in industrial operations. Industrial machinery encompasses a wide range of equipment, from heavy-duty manufacturing machines like CNC (Computer Numerical Control) machines, robotic assembly lines, and industrial robots to smaller tools and equipment used in production and maintenance tasks.
  • The industrial machinery sector serves as the backbone of many industries, facilitating the production of goods and the construction of infrastructure worldwide. This sector is characterized by constant technological advancements aimed at improving functionality, reliability, and safety. Industrial machinery manufacturers range from large multinational corporations to specialized niche companies, each offering a unique set of products tailored to specific industrial needs.
  • The health of the industrial machinery market is closely linked to the overall economic conditions, as industries invest in machinery to meet demand and stay competitive. Additionally, factors such as regulatory changes, environmental concerns, and the pursuit of sustainable practices drive innovation within this sector. As industries continue to seek ways to streamline operations and optimize efficiency, the industrial machinery market remains a crucial component of global industrial development.

Industrial Machinery Market Key Player

  • AO SMITH CORP (U.S.)
  • LINCOLN ELECTRIC HOLDINGS (U.S.)
  • MANITOWOC COMPANY (U.S.)
  • ILLINOIS TOOL WORKS (U.S.)
  • TEREX CORP (U.S.)
  • ASTEC INDUSTRIES (U.S.)
  • TOYOTA (JAPAN)
  • SAMSUNG ELECTRONICS (SOUTH KOREA)
  • AGCO CORPORATION (U.S.)
  • ALAMO GROUP (U.S.)
  • FORD (U.S.)
  • HEWLETT-PACKARD (U.S.)
  • HITACHI (JAPAN)
  • IBM (U.S.)
  • LINDSAY CORPORATION (U.S.)
  • SIEMENS (GERMANY)
  • GENERAL ELECTRIC (U.S.)

The Industrial Machinery Market Trend Analysis

Rising Adoption of Smart Packaging Solutions

  • The industrial machinery market is experiencing significant growth during the forecast period, thanks to the rising adoption of smart packaging solutions across various industries. Smart packaging, which integrates advanced technologies into traditional packaging materials, is transforming the way products are stored, transported, and monitored, offering a plethora of benefits that are reshaping the industrial landscape.
  • One of the key drivers behind the industrial machinery market's symbiotic relationship with smart packaging is the increasing consumer demand for transparency, traceability, and convenience. Smart packaging solutions leverage technologies such as RFID (Radio-Frequency Identification), QR codes, sensors, and real-time data analytics to provide consumers and businesses with insights into product authenticity, freshness, and usage. This not only fosters trust in the supply chain but also enhances the overall customer experience.
  • Moreover, the implementation of smart packaging allows for more efficient inventory management and supply chain optimization. Manufacturers and retailers can track the movement of products in real-time, enabling them to streamline logistics, reduce wastage, and better manage stock levels. This level of data-driven decision-making is made possible through industrial machinery that can integrate these smart features into packaging materials during the production process.
  • The food and beverage industry, in particular, is witnessing a significant surge in the adoption of smart packaging solutions. These innovations enable the monitoring of temperature and humidity levels, ensuring the freshness and safety of perishable goods throughout the supply chain. Industrial machinery that can efficiently produce these smart packaging materials is in high demand, as food manufacturers strive to meet stringent quality standards and regulations while maintaining cost-effectiveness.
  • Furthermore, the healthcare and pharmaceutical sectors are embracing smart packaging to enhance medication adherence, monitor patient health, and prevent counterfeiting. This entails the integration of sensors and data communication capabilities into packaging, creating a demand for specialized machinery that can accommodate these complex requirements.

Technological Advancement Speed Up the Market Demand

  • The industrial machinery market is poised to harness a significant opportunity in the form of accelerating market demand fueled by technological advancements. In an era characterized by rapid innovation and digital transformation, the integration of cutting-edge technologies into industrial machinery has become a driving force behind the growth and evolution of this sector.
  • One of the primary drivers behind this opportunity is the ongoing digitalization of industries worldwide. As businesses increasingly adopt Industry 4.0 principles, the demand for smart, connected machinery has surged. These machines are equipped with sensors, IoT (Internet of Things) capabilities, and advanced data analytics, enabling them to gather real-time performance data, predict maintenance needs, and optimize production processes.
  • This not only enhances operational efficiency but also reduces downtime, ultimately leading to substantial cost savings. The industrial machinery market, therefore, finds itself at the forefront of providing the essential tools required for industries to remain competitive in this data-driven landscape.
  • Automation is another pivotal aspect of technological advancement that presents a compelling opportunity. Automation solutions, including robotics and AI-powered systems, are revolutionizing manufacturing and other industrial sectors. These technologies can perform repetitive tasks with unparalleled precision, speed, and consistency, reducing the need for human labor in hazardous or monotonous work environments.
  • As labor costs rise and the need for increased production efficiency grows, industrial machinery equipped with automation capabilities becomes a valuable asset for industries seeking to enhance their competitiveness. This trend is particularly evident in industries like automotive manufacturing, where robots have become indispensable for tasks such as welding, painting, and assembly.

Industrial Machinery Market Segment Analysis

Industrial Machinery Market segments cover the Type, Application. By Application, construction segment is Anticipated to Dominate the Market Over the Forecast period.

  • The construction segment is a dominating force in the Industrial Machinery Market. It stands as a linchpin, driving substantial demand for heavy machinery, earthmoving equipment, and specialized construction machinery. This sector's immense infrastructure projects, urbanization, and expanding construction activities worldwide create a consistent and significant market for industrial machinery.
  • Catering to the needs of construction, manufacturers in this segment produce equipment like excavators, bulldozers, cranes, and concrete mixers. The construction industry's insatiable appetite for machinery to enhance productivity and meet ambitious project timelines solidifies its pivotal role in the industrial machinery market's enduring success.

 Industrial Machinery Market Regional Insights:

Asia Pacific is dominating the Market Over the Forecast Period.

  • Asia Pacific industrial machinery market accounted for 45% of revenue share in 2022. Countries in the APAC region are investing in construction projects including transportation, energy, and urban development. This trend is augmenting the demand for industrial equipment such as construction machinery, earthmoving equipment, and material handling equipment.
  • Asia Pacific is also witnessing massive urbanization as the growing population is migrating to cities. This surge in urbanization is leading to an increased demand for the construction of residential buildings, commercial complexes, and other infrastructure, propelling the demand for industrial equipment.

COVID-19 Impact Analysis on Industrial Machinery Market

  • The COVID-19 pandemic significantly impacted the market for industrial machinery. The decreased production and growth for industrial machinery are due to lockdowns, travel restrictions, and disrupted supply chains. Capital investments decreased as many manufacturing facilities were temporarily shut down. Businesses had to also postpone or cancel the purchase of machinery due to economic uncertainties and decreased operations.

Key Industry Developments in the Industrial Machinery Market

  • In October 2024, Toyota Motor Corporation and Joby Aviation, Inc. a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.

    In February 2023, Volvo Construction Equipment (Volvo CE) has announced a significant investment of SEK 80 million ($7.8 million) into battery pack production at its Changwon excavator plant in South Korea, the companyā€™s largest excavator production site. This move aligns with Volvo Groupā€™s commitment to industry transformation through sustainable solutions, supporting its Science Based Targets and goal to achieve 35% electric machine sales by 2030. The Changwon plant will manufacture diverse battery pack solutions for Volvo Group, marking a pivotal step towards a fossil-free future and reinforcing Volvo CEā€™s leadership in sustainable construction technology.

Industrial Machinery Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 700.62 Bn.

Forecast Period 2024-32 CAGR:

3.79 %

Market Size in 2032:

USD 979.22 Bn.

Segments Covered:

By Type

  • Agriculture & Food Machinery
  • Construction Machinery & Related Equipment
  • Power & Energy Equipment
  • Aerospace
  • Others

By Application

  • Printing
  • Food
  • Textile
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Adoption Of Smart Packaging Solutions

Key Market Restraints:

  • High Cost Of Industrial Machinery

Key Opportunities:

  • Technological Advancement Speed Up the Market Demand

Companies Covered in the Report:

  • AO Smith Corp (U.S.), Lincoln Electric Holdings (U.S.), Manitowoc Company (U.S.), Illinois Tool Works (U.S.), Terex Corp (U.S.), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTERā€™S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. ANALYSIS OF THE IMPACT OF COVID-19
      1. Impact On The Overall Market
      2. Impact On The Supply Chain
      3. Impact On The Key Manufacturers
      4. Impact On The Pricing
      5. Post COVID Situation
    11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    12. ECOSYSTEM
  6. COFFEE BEER MARKET BY TYPE (2017-2032)
    1. COFFEE BEER MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. STOUTS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 ā€“ 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 ā€“ 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ALE
    5. LAGERS
  7. COFFEE BEER MARKET BY DISTRIBUTION CHANNEL (2017-2032)
    1. COFFEE BEER MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ONLINE CHANNELS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 ā€“ 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 ā€“ 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SUPERMARKET/HYPERMARKET
    5. SPECIALTY STORE
    6. OTHERS
  8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Industrial Machinery Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. CARLSBERG GROUP
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. SAMUEL ADAMS
    4. ERDINGER BREWERY
    5. ANHEUSER-BUSCH INBEV
    6. DIAGEO PLC
    7. HEINEKEN N.V.
    8. OETTINGER BREWERY
    9. BAVARIA N.V.
    10. LASCO BREWERY
    11. RADEBERGER BREWERY
    12. PABST BLUE RIBBON
    13. LAGUNITAS
    14. IMPERIAL CREAM ALE
    15. BEAVERTOWN BREWERY
    16. TRIDENT NITRO
  9. GLOBAL COFFEE BEER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Type
      5. Historic And Forecasted Market Size By Distribution Channel
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  10. INVESTMENT ANALYSIS
  11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Industrial Machinery Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 700.62 Bn.

Forecast Period 2024-32 CAGR:

3.79 %

Market Size in 2032:

USD 979.22 Bn.

Segments Covered:

By Type

  • Agriculture & Food Machinery
  • Construction Machinery & Related Equipment
  • Power & Energy Equipment
  • Aerospace
  • Others

By Application

  • Printing
  • Food
  • Textile
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Adoption Of Smart Packaging Solutions

Key Market Restraints:

  • High Cost Of Industrial Machinery

Key Opportunities:

  • Technological Advancement Speed Up the Market Demand

Companies Covered in the Report:

  • AO Smith Corp (U.S.), Lincoln Electric Holdings (U.S.), Manitowoc Company (U.S.), Illinois Tool Works (U.S.), Terex Corp (U.S.), and Other Major Players.
Please Wait...

Frequently Asked Questions :

What would be the forecast period in the Industrial Machinery Market research report?

The forecast period in the Industrial Machinery Market research report is 2024-2032.

Who are the key players in the Industrial Machinery Market?

AO Smith Corp (U.S.), Lincoln Electric Holdings (U.S.), Manitowoc Company (U.S.), Illinois Tool Works (U.S.), Terex Corp (U.S.), Astec Industries (U.S.), Toyota (Japan), Samsung Electronics (South Korea), AGCO Corporation (U.S.), Alamo Group (U.S.), Ford (U.S.), Hewlett-Packard (U.S.), Hitachi (Japan), IBM (U.S.), Lindsay Corporation (U.S.), Siemens (Germany), General Electric (U.S.), and Other Major Players.

What are the segments of the Industrial Machinery Market?

The Industrial Machinery Market is segmented into Type, Application, and region. By Type, the market is categorized into Agriculture & Food Machinery, Construction Machinery & Related Equipment, Power & Energy Equipment, Aerospace, Others. By Application, the market is categorized into Printing, Food, Textile, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Industrial Machinery Market?

Industrial machinery refers to a broad category of specialized equipment and machines designed for various industrial applications across diverse sectors such as manufacturing, construction, agriculture, mining, and more. These machines are pivotal for automating processes, enhancing productivity, and ensuring precision and efficiency in industrial operations. Industrial machinery encompasses a wide range of equipment, from heavy-duty manufacturing machines like CNC (Computer Numerical Control) machines, robotic assembly lines, and industrial robots to smaller tools and equipment used in production and maintenance tasks.

How big is the Industrial Machinery Market?

Industrial Machinery Market size was valued at USD 700.62 billion in 2023 and is projected to reach USD 979.22 billion by 2032, growing at a CAGR of 3.79% from 2024 to 2032