The global Industrial Machinery market was valued at US$ 668700 million in 2022 and is projected to reach US$ 847630 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Industrial Machinery market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Industrial Machinery market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Industrial Machinery market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Industrial Machinery industry consists of companies engaged in the manufacturing of basic power and hand tools, hardware, small-scale machinery and other industrial components. The industry includes power saws, polishing and metal-working machines, drills, nuts, bolts, screws, springs, valves, pneumatic hoses and other basic industrial equipment. The industry excludes cables, batteries, motors and small-electrical equipment, classified in Electrical Components & Equipment; heavy generators, conveyors and other large-electrical equipment, classified in Heavy Electrical Equipment; and permanently installed machinery, classified in Engineering & Construction.
This report aims to provide a comprehensive presentation of the global market for Industrial Machinery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Machinery. This report contains market size and forecasts of Industrial Machinery in global, including the following market information:
- Global Industrial Machinery Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Industrial Machinery Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Industrial Machinery companies in 2022 (%)
First of all, rapid industrialization drives the Industrial Machinery market size. Government support is another factor to boost the market. The increase in people living standard increased spending on nutrition and vitamins. Therefore, customers may pay more attention to health and diet, which means that food processing technology can be important. In order to improve productivity and efficiency, human labor has been replaced by machinery. industrial robotics are becoming more and more indispensable. Second, the industrial machinery market in Asia-Pacific is estimated to grow over the following year. The growing demand for industrial machinery from countries such as China, India, South Korea and Japan is anticipated to drive overall market demand over the forecast period. China's government is focusing on urbanization and the recent policies stress on rapid industrialization. India is expected to observe rapid industrialization on account of favorable government regulations and policies. North America was the largest region in the industrial machinery manufacturing market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Industrial Machinery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Machinery Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Industrial Machinery Market Segment Percentages, by Type, 2022 (%)
- Agriculture & Food Machinery
- Construction Machinery & Related Equipment
- Power & Energy Equipment
- Aerospace
- Material Handling Machinery
- Personal Protective Equipment
- Metalworking Machinery
- General Purpose Industrial Machinery
- Automotive
- Mining and Industrial Process Machinery
Global Industrial Machinery Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Industrial Machinery Market Segment Percentages, by Application, 2022 (%)
- Printing
- Food
- Textile
- Construction
- Pharmaceuticals
- Chemical
- Automotive
- Agricultural
- Power Generation
Global Industrial Machinery Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Industrial Machinery Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Industrial Machinery revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Industrial Machinery revenues share in global market, 2022 (%)
- Key companies Industrial Machinery sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Industrial Machinery sales share in global market, 2022 (%)
key players include:
- AO Smith Corp
- Lincoln Electric Holdings
- Manitowoc Company
- Illinois Tool Works
- Terex Corp
- Astec Industries
- Toyota
- Samsung Electronics
- AGCO Corporation
- Alamo Group
- Ford
- Hewlett-Packard
- Hitachi
- IBM
- Lindsay Corporation
- Siemens
- General Electric
Outline of Major Chapters:
Chapter 1: Introduces the definition of Industrial Machinery, market overview.
Chapter 2: Global Industrial Machinery market size in revenue and volume.
Chapter 3: Detailed analysis of Industrial Machinery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Industrial Machinery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Industrial Machinery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
