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Thriving Industrial Machinery Market: Unveiling Growth Figures, Influential Drivers, and Trending Developments
Industrial Machinery Market Size
What Is the Projected Market Size of the Global Industrial Machinery Market and Its Growth Rate?
• The industrial machinery market size, which recorded $576.62 billion in 2024, is expected to reach $621.23 billion in 2025, indicating a CAGR of 7.7%. This growth can be linked to the surge in the manufacturing industry and economic prosperity.
• Further, the industry is predicted to show sturdy growth in the upcoming years, achieving $811.94 billion by 2029 with a CAGR of 6.9%. This increase can be accredited to advancements in technology and a rise in processed food consumption.
• The key trends driving this growth include investment in 3D log scanning for high-grade lumber, increased use of robotics and automation to optimize manufacturing efficiency, and the adoption of radiant energy vacuum technology and continuous baking ovens to streamline production efficiency.
What Is Driving the Growth in the Industrial Machinery Market?
The growth in the industrial machinery market can be attributed to the upsurge in manufacturing output across diverse industries. Manufacturing output refers to the volume of goods produced through manufacturing processes across various sectors. Industrial machinery plays a critical role in automating and enhancing various manufacturing processes, including cutting, forming, assembly, and packaging. For instance, in July 2023, as reported by Eurostat, a UK-based government statistical agency, the euro area observed a 0.2% increase in industrial output. Additionally, a 0.1% rise was reported in the European Union during the period between May and April 2023. These figures suggest that the increasing manufacturing output across industries will fuel the future industrial machinery market.
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Who Are the Key Players Driving Industrial Machinery Market Growth?
• ASML Holdings
• Tokyo Electron
• LAM Research
• Tetra Pak
• Applied Materials
• KLA-Tencor
• Marel HF
• ASM Pacific
• Alfa Laval
• Bühler AG
• Grand Tech Group Ltd.
• Wuxi Meida Electro Technical Co. Ltd.
• Changqinglin Electronic Company Ltd.
• Suyuanyineng Electricity Machinery Equipment (Wuxi) Company Ltd.
• Globeeon Engineering
What Are The Key Trends In The Industrial Machinery Market?
• Investment in 3d log scanning for high grade lumber.
• Investing in robotics and automation to increase manufacturing efficiency.
• Investing in radiant energy vacuum technology.
• Investing in continuous baking ovens to improve production efficiency.
What Are The Segments Of The Global Industrial Machinery Market?
• By Type: Woodworking And Paper Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Industrial Machinery
• By Operation: Autonomous, Semi-Autonomous, Manual
• By Capacity: Small, Medium, Large
Which Region Leads The Industrial Machinery Market?
Asia-Pacific was the largest region in the industrial machinery market in 2024, followed by Western Europe. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Machinery Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Machinery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Machinery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Machinery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Machinery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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