Global Industrial Machinery Market Size To Worth USD 1538.81 Billion By 2033 | CAGR of 8.91%
Category: Machinery & EquipmentGlobal Industrial Machinery Market Size To Worth USD 1538.81 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Industrial Machinery Market Size is Expected to Grow from USD 655.53 Billion in 2023 to USD 1538.81 Billion by 2033, at a CAGR of 8.91% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 130 Market data tables and figures & charts from the report on the " Global Industrial Machinery Market Size, Share, and COVID-19 Impact Analysis, By Operation (Manual Machinery, Automated Machinery, Robotic Machinery, and Semi-Automated Machinery), By Application (Packaging, Mining, Agriculture, Construction, Semiconductor Manufacturing, Food Processing, and Others), By Distribution Channel (Indirect Sales and Direct Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/industrial-machinery-market
The global industrial machinery market is crucial for various industries, including construction, food processing, mining, and agriculture. Technological advancements have increased productivity and profitability, with the industry utilizing advanced technologies like automation, robots, and artificial intelligence (AI) to improve efficiency and reduce human error. The market is expected to expand due to these developments, which enhance production effectiveness, reduce human error, and improve the quality of final goods. The market is also evolving as companies adopt advanced industrial solutions, such as IoT, AI, and machine learning, to improve machine performance and optimize operational efficiency. Smart technologies enable predictive maintenance, downtime reduction, and operational efficiency optimization. Manufacturers are also shifting towards renewable energy sources and eco-friendly solutions, opening new markets for specialist equipment to support these energy systems.
The automated machinery segment held the largest share in 2023 and is predicted to grow at a CAGR of 9.27% during the predicted period.
Based on the operation, the global industrial machinery market is categorized as manual machinery, automated machinery, robotic machinery, and semi-automated machinery. Among these, the automated machinery segment held the largest share in 2023 and is predicted to grow at a CAGR of 9.27% during the predicted period. The growing use of robots, productivity, AI developments, and automated machinery in food processing, which lowers manual labor and decreases defects, are the main drivers of this segment's growth.
The construction segment accounted for the highest market share of 41.55% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the applications, the global industrial machinery market is categorized as packaging, mining, agriculture, construction, semiconductor manufacturing, food processing, and others. Among these, the construction segment accounted for the highest market share of 41.55% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. Urbanization, population growth, government initiatives, technological advancements, sustainability goals, economic growth, and private sector investments drive the construction sector growth. Government initiatives boost construction activities, while sustainability goals align with global trends, and expanding economies drive increased investments in industrial and infrastructure projects.
The indirect sales segment accounted for the highest share of 67.41% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the distribution channel, the global industrial machinery market is categorized as retail pharmacies, online pharmacies, and hospital pharmacies. Among these, the indirect sales segment accounted for the highest share of 67.41% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The sector's growth is attributed to enhanced market accessibility, superior customer service, efficient inventory control, customization, and efficient logistics.
North America is expected to hold the greatest share of the global industrial machinery market over the forecast period.
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North America is expected to hold the greatest share of the global industrial machinery market over the forecast period. The industrial machinery market is driven by consumer demand for personalization, e-commerce expansion, and global manufacturing globalization. Global supply chain integration and Industry 4.0 practices are driving demand for advanced machinery, particularly automated systems. Manufacturers can expand into underdeveloped markets and invest in flexible equipment for personalized goods. The United States, with its large manufacturers and innovators, is a prominent player in the North American market.
Asia Pacific is predicted to grow at the fastest throughout the estimated period. The Asia-Pacific region's industrial machinery market is rapidly expanding due to infrastructure, industrialization, and technology. China, India, and Southeast Asia are experiencing significant growth, driven by government initiatives, automation, robots, and IoT-enabled equipment. Emerging economies are investing in manufacturing capacity, creating opportunities for machinery makers. China's industrialization and urbanization are driving demand in sectors like construction, electronics, and automobiles, while sustainability trends are increasing. China's competitiveness is accelerated by its educated and affordable workforce.
Major key players in the global industrial machinery market are Honeywell International, CNH Industrial, ESCO, Alfa Laval, Ingersoll Rand, Gerdeu, AGCO, Brandt Industries, Caterpillar, Deere and Company, Mitsubishi Heavy Industries, Ltd., Sandvik AB, Komatsu Ltd, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2025, Hitachi Industrial Equipment Systems Co., Ltd. (HIES) launched a Grid Forming Inverter (GFM) at its Narashino Works facility in Chiba Prefecture. The GFM is a next-generation power conditioner that simulates the stabilizing effects of large power plants, helping stabilize electric power systems during the global transition to renewable energy. The GFM is designed to help the company adapt to the changing energy landscape.
- In December 2024, Greaves Retail, a division of Greaves Cotton Limited, launched a new range of high-performance electrified light construction equipment at Bauma CONEXPO India 2024. The equipment integrates cutting-edge electrification technologies to deliver zero-emission solutions, enhancing performance and lowering operational costs. This strategic move in the construction sector demonstrates the company's commitment to delivering innovative, reliable solutions that prioritize environmental responsibility and sustainability.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global industrial machinery market based on the following segments:
Global Industrial Machinery Market, By Operation
- Manual Machinery
- Automated Machinery
- Robotic Machinery
- Semi-automated Machinery
Global Industrial Machinery Market, By Application
- Packaging
- Mining
- Agriculture
- Construction
- Semiconductor Manufacturing
- Food Processing
- Others
Global Industrial Machinery Market, By Distribution Channel
- Indirect Sales
- Direct Sales
Global Industrial Machinery Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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