Press release
Global Machinery And Industrial Automation Market to Reach $304.52 Billion by 2029, Growing at 7.8% CAGR
"What market dynamics are playing a key role in accelerating the growth of the machinery and industrial automation market?The rise in the use of Internet of Things (IoT) is anticipated to fuel the expansion of the machinery and industrial automation market in the near future. The IoT consists of a network of devices and objects interconnected and built with sensors, software, and other technologies. Its escalating adoption is due to its capability to improve connectivity, provide data-based insights, and streamline efficiency across diverse sectors. IoT boasts the enhancement of machinery and industrial automation by offering uninterrupted connectivity and data exchange, increasing efficiency, and enabling real-time monitoring and control. For instance, per the State of IoT-Spring 2023 report by IoT Analytics, a service provider based in Germany, there was an 18% increase in global IoT connections in 2022, amounting to 14.3 billion active endpoints. In 2023, it's forecasted that the number of active IoT devices will grow by another 16%, hitting 16.7 billion worldwide. Therefore, the rise in IoT adoption is triggering the expansion of the machinery and industrial automation market.
Get Your Machinery And Industrial Automation Market Report Here:
https://www.thebusinessresearchcompany.com/report/machinery-and-industrial-automation-global-market-report
How will the growth rate of the machinery and industrial automation market shape industry trends by 2034?
The market for machinery and industrial automation has seen significant growth over the past few years. The market size is predicted to increase from $206.3 billion in 2024 to $225.68 billion in 2025, implying a compound annual growth rate (CAGR) of 9.4%. Factors such as the effect of globalization, the incorporation of industry 4.0, environmental sustainability, and enhanced safety protocols have contributed to this historical growth.
The market size for machinery and industrial automation is projected to experience robust escalation in the imminent years, with an estimated value reaching $304.52 billion by 2029 at a compound annual growth rate (CAGR) of 7.8%. The expansion during the prediction period can be credited to the rising incorporation of AI and IoT, an emphasis on energy efficiency, digital overhaul, advancements in intelligent manufacturing processes, durable supply chain systems, and the need for remote monitoring solutions. During the forecast period, major trends expected to surface include the embracement of innovative AR technologies, demand for safety automation products, industrial PC market expansion, and a concentration on energy-efficient resolutions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14418&type=smp
What trends are poised to drive the future success of the machinery and industrial automation market?
Leading businesses in the machinery and industrial automation sector are amplifying their efforts to produce industrial automation products to boost their earnings. The category of industrial automation products encompasses an extensive array of technologies and gadgets engineered to systematize and refine industrial processes. For example, Renishaw Inc., a machine industry firm from the UK, unveiled a fresh product range for industrial automation in May 2023. This range constitutes three products - RCS L-90, RCS T-90, and RCS P-series, all backed by an exclusive software package. The novel RCS product portfolio aims to tackle core challenges in the worldwide industrial automation sector, with a particular concentration on the manual arrangement, calibration, and upkeep of robots. The RCS L-90 is a ball-bar apparatus that enhances the robot system's precision, shortens installation time, and keeps track of robot health. Meanwhile, the RCS T-90 is a tri-ball bar system enabling users to pinpoint the key reasons behind unsatisfactory performance and collect vital robot data.
Which primary segments of the machinery and industrial automation market are driving growth and industry transformations?
The machinery and industrial automation market covered in this report is segmented -
1) By Product Types: Sensors And Actuators, Industrial Robots, Control Systems
2) By Automation Technologies: Programmable Logic Controller Systems, Supervisory Control And Data Acquisition, Distributed Control System, Robotics
3) By End-User Applications: Material Handling And Packaging, Assembly And Disassembly, Process Automation, Quality Control
4) By Industry Verticals: Manufacturing, Energy And Utilities, Chemicals And Pharmaceuticals, Food And Beverage
Subsegments:
1) By Sensors And Actuators: Proximity Sensors, Temperature Sensors, Pressure Sensors, Optical Sensors, Force Or Torque Sensors, Rotary Actuators, Linear Actuators, Pneumatic Actuators, Hydraulic Actuators
2) By Industrial Robots: Articulated Robots, SCARA Robots (Selective Compliance Assembly Robot Arm), Cartesian Robots (XYZ Robots), Delta Robots, Collaborative Robots (Cobots), Parallel Robots
3) By Control Systems: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA), Human Machine Interfaces (HMIs), Motor Drives And Controllers, Safety Instrumented Systems (SIS), Machine Vision Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14418
Which geographical regions are pioneering growth in the machinery and industrial automation market?
Europe was the largest region in the machinery and industrial automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machinery and industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the machinery and industrial automation market landscape?
Major companies operating in the machinery and industrial automation market are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Eaton Corporation plc, PARKER HANNIFIN CORP, Danfoss A/S, Emerson Electric Co., Rockwell Automation Inc., FANUC Corporation, Omron Corporation, YASKAWA ELECTRIC CORPORATION., Kuka AG, Yokogawa Electric Corporation, Azbil Corporation, Stratasys, Sensirion AG, Dwyer Instruments Ltd., Endress+Hauser Group Services AG, WIKA Instruments India Pvt. Ltd
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14418&type=smp
What Is Covered In The Machinery And Industrial Automation Global Market Report?
•Market Size Forecast: Examine the machinery and industrial automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the machinery and industrial automation market for a structured understanding.
•Key Players Overview: Analyze major players in the machinery and industrial automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the machinery and industrial automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the machinery and industrial automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the machinery and industrial automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the machinery and industrial automation market.
•Competitive Landscape: Review strategic developments in the machinery and industrial automation market, including expansions, agreements, and new product launches.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Machinery And Industrial Automation Market to Reach $304.52 Billion by 2029, Growing at 7.8% CAGR here
News-ID: 3920063 • Views: …
More Releases from The Business research company

2025-2034 Pharmacogenomics Market Evolution: Disruptions, Innovations, and Untap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Pharmacogenomics Market Through 2025?
The size of the pharmacogenomics market has seen a swift expansion in the past few years. The market is projected to surge from $8.94 billion in 2024 to reach $9.84 billion in 2025, reflecting a compound annual growth…

2025-2034 Virtual Reality Motion Desensitization Platform Market Outlook: Key Dr …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Virtual Reality Motion Desensitization Platform Industry Market Size Be by 2025?
The market for virtual reality motion desensitization platforms has seen a momentous increase in its size over the recent past. It is projected to escalate from $1.64 billion in 2024 to $2.01 billion in 2025,…

Emerging Neurology Devices Market Trends: Digital Platforms Transforming Neurolo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Neurology Devices Market Size Growth Forecast: What to Expect by 2025?
The market size of neurology devices has experienced significant expansion in the past years. The growth is anticipated to take the market from a worth of $17.99 billion in 2024 to $20.09 billion in 2025, projecting a compound…

Global Non-Invasive Aesthetic Treatment Market Projected to Grow at 15.6% CAGR, …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Non-Invasive Aesthetic Treatment Industry Market Size Be by 2025?
In recent times, the market for non-invasive aesthetic treatments has seen a significant surge in size. It is forecasted to rise from $66.52 billion in 2024 to a notable $76.7 billion in 2025, indicating a compound annual…
More Releases for Robot
Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market?
The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene.
The robot…
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
Six-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global six-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the six-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Four-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global four-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used.
For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts…
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates…