Global Industrial Machinery Market Projected to Grow at 6.9% CAGR, Reaching $811.94 Billion by 2029

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What Will the Industrial Machinery Industry Market Size Be by 2025?
The size of the industrial machinery market has seen substantial growth in the past few years. The projections suggest that it will increase from $576.62 billion in 2024 to $621.23 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. This upswing seen in the historical period is primarily due to the expansion in the manufacturing industry and overall economic growth.

What's the Long-Term Growth Forecast for the Industrial Machinery Market Size Through 2029?
In the coming years, the industrial machinery market is projected to experience robust growth, reaching a market value of $811.94 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. This surge during the forecast period can be linked to technological advancements and heightened consumption of processed food. Key trends expected during this period include investing in 3D log scanning for higher grade lumber, allocating resources towards robotics and automation for boosting manufacturing efficiency, and putting money into radiant energy vacuum technology and continuous baking ovens to enhance production efficiency.

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What Are the Key Growth Drivers Fueling the Industrial Machinery Market Expansion?
The anticipated growth of the industrial machinery market is expected to be propelled by an increase in manufacturing output across various sectors. Manufacturing output alludes to the production volume of goods or products generated by diverse industrial processes. Essential for automating and optimizing several manufacturing procedures like cutting, forming, assembling, and packing, industrial machinery remains crucial. For instance, in July 2023, Eurostat, a government statistical agency based in the UK, reported a 0.2% rise in industrial output in the euro area. In addition, a 0.1% escalation was observed in the European Union during the period from May to April 2023. Consequently, the industrial machinery market's future growth will be driven by the growing manufacturing output across industries.

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What Are the Key Trends Driving Industrial Machinery Market Growth?
Leading firms in the industrial machinery market are concentrating on creating compact and modular machines like Coronus DX to outperform their competitors. The Coronus DX aids in the manufacturing of smaller, yet more efficient microchips and electronic parts. For example, Lam Research Corporation, an American semiconductor enterprise, launched the Coronus DX in June 2023. This single-step solution applies a protective layer on both sides of wafer edges during the complex process of semiconductor production. This innovation can help dodge damage and accumulation of residue, possibly paving the way for novel device architectures.

How Is the Industrial Machinery Market Segmented?
The industrial machinery market covered in this report is segmented -

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

Subsegments:
1) By Woodworking And Paper Machinery: Sawing And Cutting Machines, Paper Processing Machines
2) By Printing Machinery And Equipment: Digital Printing Machines, Offset Printing Presses, Screen Printing Equipment
3) By Semiconductor Machinery: Wafer Processing Equipment, Chip Assembly And Packaging Machinery
4) By Food Product Machinery: Food Processing Machines, Packaging Equipment For Food Products
5) By Other Industrial Machinery: Textile Machinery, Plastic And Rubber Machinery, Metalworking Machinery, Mining And Construction Machinery

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Which Companies Are Leading the Charge in Industrial Machinery Market Innovation?
Major companies operating in the industrial machinery market include 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, Techno Mech Industries, Krishitool, Shree Precision Engineers, Machine Sucher, Mekfy Icommerce Pvt, Ashoka Machine Tools Corporation, Aida Engineering Ltd., Asai Corporation., Amada Co. Ltd., Komatsu Industries Corporation., Sanki Seiko Co. Ltd., Japan Steel Works Ltd., John Deere., Liebherr., ZF Friedrichshafen., Bosch., Material handling worldwide: industrial trucks and lift trucks., Continental., Industrial machinery and automation in the United Kingdom, Volvo Group., Instawerk GmbH - CNC-Frästeile Online fertigen lassen, ATH manufactures, CSAT GmbH, StankoMashStroy, SIGNAL-PACK, VKP, Strommasina Corp., ArcelorMittal Dofasco., Ford Motor Company of Canada Ltd., K+S Potash Canada GP. FCA US LLC, Naval Surface Warfare Center Crane Div. John Deere Waterloo Works, General Motors Global Propulsion Systems, Rolls-Royce Corp., Lancer Corp., GE Power Electronics Inc., Honda Of America Mfg. Inc., Anna Engine Plt., Modern Saudi food factory, The Machinery Group LLC, Refuse Equipment Manufacturing Company Limited, Riyadh PlasticFfactory Company, Manama Packing Industry, Design Lab Blacksmith and Welding Works, AL Khaleej Industrial Steel Factory, AL Absar Steel Manufacturing LLC, ELB Equipment, Hitachi, Case Construction.

Which Regions Are Leading the Global Industrial Machinery Market in Revenue?
Asia-Pacific was the largest region in the industrial machinery market in 2024. Western Europe was the second largest region in the industrial machinery market. The regions covered in the industrial machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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