The industrial machinery market size is projected to reach US$ 263,251.2 million by 2027 from US$ 184,337.8 million in 2019; it is expected to witness healthy market growth of 5.38% CAGR during 2020–2027.
Industrial machinery is a significant business globally, producing anything from tools and heavy equipment for the food & beverages industries to machines needed for energy production and distribution infrastructure expansion. The success of many industries can be said to be dependent on the ongoing manufacturing of industrial machines. Manufacture speed, quality, and quantity have all improved as a result of technological advancements in industrial machinery manufacturing, boosting productivity and profitability. Hence, the increasing dependency on machinery is one of the primary factors for the industrial machinery market growth.
Several favorable legislative norms for tax benefits in infrastructure initiatives are expected to boost building activity in developing countries, such as Japan, India, China, and South Korea. The expansion of the global industrial machinery market size has been propelled in recent years by a blended alternative approach, which includes the use of CNC machines to achieve the utmost precision in making superior quality wood items. Cut-to-size, precision saws, and panel saw series for hardwood materials are available from companies such as Gongyou Group Co., Ltd. and IMA Schelling Group GmbH. Furthermore, the makers stress innovation due to specific needs of timber items among public and private end users. Biesse Group, for example, began automating 5-axis heads, a woodworking machine in its production line, in 2019 to cut travel time and improve machine precision on assembly lines. Furthermore, industrial machinery market growth is aided by increased consumer disposable income in Brazil, Mexico, India, and China.
Furthermore, strict government rules governing a variety of elements such as safety, silent operation, and exhaust gas emission limits play an important part in the introduction of improved and refined machinery. The entire quantity of aperture diameter as well as hydraulic fluid have been optimized thanks to sophisticated structural designs. In addition, when compared to standard products, it contributes to the reduction of vehicle vibration.
The COVID-19 pandemic has profoundly influenced the industrial machinery market in every way. According to the Wood Component Manufacturers Association (WCMA), the pandemic's effects would be long-term, and manufacturers should look at new product options. Supply chain disruptions, border closures, and heightened border controls, a fall in domestic and international demand, and store closures are among the most commonly cited issues. For instance, the North American woodworking industry, which includes both manufacturers and retail services, is facing significant challenges, with roughly 3% of manufacturers anticipating a permanent business shutdown. Furthermore, Acimall, the Italian Woodworking Technology Association, said that in the first quarter of 2020 machinery orders decreased by double digits in every new and existing foreign market.
Industrial Machinery Market Share: by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Asia Pacific is the biggest producer of machinery worldwide, with China and India providing lower-tech equipment for the global market; South Korea and Japan are among the key players in higher-end special-purpose machinery. The Asia Pacific countries are witnessing a rise in the population and urbanization, which offers ample opportunities for key players in the industrial machinery market. APAC is the world's largest continent and is known for its technological innovations. Rapid technological advances and policy support, as well as economic digitization and the middle-income class community's growing disposable income, are among the factors that help the economy transition from growth to the developed phase.
Industrial Machinery Market Segments
The industrial machinery market is bifurcated into machinery type and geography. Based on machinery type, the industrial machinery market is segmented into packaging machinery, food processing equipment, plastics processing machinery, metal forming machine tools, and woodworking machinery. Geographically, the industrial machinery market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Some of the key players operating in the industrial machinery market are AB Electrolux; Alfa Laval; AMADA CO., LTD.; GEA Group; Haitian International; Mitsubishi Heavy Industries, LTD; Schuler Group; Sumitomo Heavy Industries, Ltd.; Syntegon Technology GmbH (Bosch Packaging Technology); and The Adelphi Group of Companies.
Machinery Type-Based Industrial Machinery Market Insights
Industrial machinery market is a progressively competitive market; it relates to a broad range of fields, which extend into many areas that support construction to electric power and several other industries. It supports the industries that play a crucial role and are core competencies that symbolize strength in manufacturing. Various technology-based companies in several regions are developing advanced technologies to integrate with industrial machinery to automate the whole manufacturing process. Advanced technology innovation, severe global competition, and demanding customization need industrial machinery manufacturers to innovate and enhance products continuously. Thus, manufacturers are adopting advanced and next-generation design techniques to enhance machine performance, reliability, and ownership cost.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Machinery Market: Strategic Insights
Market Size Value in US$ 184,337.8 million in 2019 Market Size Value by US$ 263,251.2 million by 2027 Growth rate CAGR of 5.38% from 2020 to 2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
– Industrial Machinery Market
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Machinery Market: Strategic Insights
| Market Size Value in | US$ 184,337.8 million in 2019 |
| Market Size Value by | US$ 263,251.2 million by 2027 |
| Growth rate | CAGR of 5.38% from 2020 to 2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
The players operating in the industrial machinery market are mainly focused on the development of advanced and efficient products. Industrial machinery market companies are implementing various strategies to match the technological advancements in the industrial machinery market.
- In 2020, Bosch Packaging Technology became Syntegon Technology GmbH Syntegon Technology, and now it is among the top players in the processing and packaging industry. The former Bosch division presented itself as an independent enterprise in Germany. Syntegon is highly focused on intelligent and sustainable technologies for the pharmaceutical and food industries.
- In 2020, Sumitomo Heavy Industries, Ltd got approval for the manufacturing of an accelerator-based BNCT system, a medical device, and a dose calculation program in Japan. This program includes a dose distribution calculation of BNCT to aid in treatment planning. BNCT uses high current 30MeV proton AVF-cyclotron.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Machinery Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Austria, Belgium, China, France, Germany, Italy, Netherlands, Poland, Turkey, United States
Frequently Asked Questions
The Asia Pacific contributed most of the global revenue in 2019, mainly because of the significant size of China's industrial machinery market. The major regional trends are burgeoning foreign investment for local manufacturing facilities accompanied by fused improvisation in food processing & consumer durables sectors. Increasing the adoption of various earthmoving machinery, such as loaders and excavators, is fueling the APAC construction equipment market in traditional building applications due to advantages over manual labor. These machines provide several advantages, such as improving quality, increasing project efficiency, and saving on costs. By using modern machinery, end-users are experiencing an increase in profitability as they deliver high productivity over labor, thereby increasing demand in the market for construction equipment in the Asia Pacific. Also, these machineries are implemented by building sites with several high-risk operations to reduce the time required in conventional operations and strengthen the safety parameters. Contractors using the machinery have better records of safety & accident tracking, which improve profitability as the companies eliminate compensation for labor accidents, further attributing to an increase in the size of the industry. The Asia Pacific is the world's biggest consumer and machinery producer. Chinese slowing economic growth, weak commodity prices, and a fall in oil- and gas-related investment negatively affected the performance of the industry over 2016-2017.
Digitization has resulted in increased efficiency of existing machines coupled with increased safety, and are expected to increase demand for industrial machinery. Moreover, increasing urban population and growing demand for better infrastructure have led to the growth of the construction industry, which is expected to drive the growth of the industrial machinery markets. Due to reliable offerings and high quality, manufacturers from the North American and European regions have dominated the global industrial machinery market in recent years. The emergence of new market players from the Asia Pacific region (particularly China) was a new challenge for established leaders, though. Asia Pacific machinery manufacturers offer price-competitive copies with comparable quality and reliability.
Food processing equipment refers to the systems, components, and processing machines, which are used to handle, prepare, cook, store, and package food products. It facilitates commercial production and packaging of various kinds of food such as baked items, meat, poultry, seafood, dairy, and beverages. The food processing equipment is propelled by the growth in demand for processed food owing to consumer preference for hygienic, nutritious, and safe food products. The introduction of advanced technological developments and growth in demand from emerging economies provides opportunities for food processing equipment manufacturers. Further, changing lifestyles, the availability of raw materials required to provide a more comprehensive selection of food products at fewer costs and innovation in technology are some of the significant factors driving the demand for food processing equipment globally. The growing population in APAC countries and changes in preference of food among consumers lead to the growing demand for food products. Such a changing trend leads to investment in food processing equipment.
The List of Companies - Industrial Machinery Market
- AB ELECTROLUX
- ALFA LAVAL
- AMADA CO., LTD
- GEA GROUP
- HAITIAN INTERNATIONAL
- MITSUBISHI HEAVY INDUSTRIES, LTD
- SCHULER GROUP
- SUMITOMO HEAVY INDUSTRIES, LTD
- SYNTEGON TECHNOLOGY GMBH (BOSCH PACKAGING TECHNOLOGY)
- THE ADELPHI GROUP OF COMPANIES
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Industrial Machinery Market
May 2020
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
May 2020
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
May 2020
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
May 2020
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
May 2020
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
May 2020
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
May 2020
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
May 2020
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)