The industrial machinery market encompasses a broad array of machines and equipment designed to perform various tasks in manufacturing, processing and production across multiple industries. These machines are engineered to enhance efficiency, precision and productivity in industrial operations, enabling companies to produce goods at scale with consistent quality.
The industrial machinery market consists of sales, by entities (organizations, sole traders and partnerships), of industrial machinery products that include various industrial equipment from basic tools and machines for small-scale production to highly sophisticated, automated systems for large-scale manufacturing processes. The market is integral to industries such as manufacturing, food processing and electronics, where reliable and high-performance machinery is crucial for daily operations.
The global industrial machinery market was valued at $417.87 billion in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Increasing Demand For Processed Foods
Increasing demand for processed foods drove the industrial machinery market in the historic period. The food processing industry adopted automation to efficiently address rising demand. This trend included the deployment of advanced machinery for sorting, cooking, packaging and quality control. The shift towards greater automation necessitated sophisticated equipment to boost productivity and ensure high-quality standards. For instance, in 2023, according to the United States Department of Agriculture, a federal agency in the US responsible for overseeing aspects of food quality and safety as well as nutrition labeling, the total value of US processed food products exported from the country accounted for $36.56 billion, an increase of 1.7% from $36.35 billion in 2021. In addition, Canada exported processed food products valued at $12.11 billion in 2023, while Mexico exported processed food products valued at $5.86 billion in 2023. Therefore, the increased demand for processed foods propelled the growth of the industrial machinery market.
Launch Of Advanced Flexible Induction Heating Machines
Major companies operating in the industrial machinery market are focusing on launching advanced flexible induction heating machines. These machines enhance the control and effectiveness of the heating process, resulting in superior quality outcomes in manufacturing. For instance, in July 2024, Malhotra Technologies, an India-based manufacturer of induction heating machines, launched the Flexible Induction Heating Machine. This advanced machine is engineered to effortlessly handle large, heavy components, enhancing both the effectiveness and precision of the heating process. This is specifically designed to meet the needs of various industries, including the automobile sector. The Flexible Induction Heating Machine offers a practical solution with its capability to apply heat directly.
The global industrial machinery market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 16.85% of the total market in 2023.
Industrial Machinery Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global industrial machinery market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for industrial machinery? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial machinery market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider industrial machinery market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by operation and by capacity.
- Product Analysis- The product analysis section of the report describes the leading products in the industrial machinery market, along with key features and differentiators for those products.
- Supply Chain- The supply chain section of the report defines and explains the key players in the industrial machinery supply chain.
- Customer Information- The chapter covers recent customer trends/preferences in the global industrial machinery market.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the industrial machinery market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by operation and by capacity in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for industrial machinery providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Woodworking And Paper Machinery; Printing Machinery And Equipment; Semiconductor Machinery; Food Product Machinery; Other Industrial Machinery
- 2) By Operation: Autonomous; Semi-Autonomous; Manual
- 3) By Capacity: Small; Medium; Large
- Companies Mentioned: ASML Holdings N.V.; Applied Materials Inc.; Tokyo Electron Ltd.; Lam Research Corporation; KLA-Tencor Corporation
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam, Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Brazil; Mexico; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; industrial machinery indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.