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Manufacturing Growth As A Catalyst For The Industrial Machinery Market: A Key Catalyst Accelerating Industrial Machinery Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Industrial Machinery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of industrial machinery has seen a significant surge in recent years. The market value is set to increase from $579.05 billion in 2024 to $613.44 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.9%. The expansion during the historical period can be credited to the growth of the manufacturing industry and economic progression.
Industrial Machinery Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the industrial machinery market is set to experience significant expansion. The market size is projected to reach $791.17 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. The predicted growth during the forecast period can be credited to technological progress and a rise in the demand for processed food. The forecast period is also expected to see major developments, such as the investment in 3D log scanning for superior quality lumber, enhancement of manufacturing efficiency through robots and automation, investment in radiant energy vacuum technology, and use of continuous baking ovens to boost production efficiency.
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What Are the Drivers Transforming the Industrial Machinery Market?
The growth of the industrial machinery market is anticipated to be fueled by the rise in manufacturing output across various sectors. The term manufacturing output refers to the volume of goods or products generated through manufacturing processes in different industries. Industrial machinery plays a critical role in facilitating and optimizing numerous manufacturing processes, such as cutting, forming, assembling, and packaging. For example, Eurostat, a UK-based government statistical agency, reported a 0.2% increase in industrial production in the euro area in July 2023. In addition, there was a 0.1% rise in the European Union from May to April 2023. As such, the increasing output in manufacturing across various industries is predicted to spur the growth of the industrial machinery market in the future.
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What Trends Will Shape the Industrial Machinery Market Through 2029 and Beyond?
Leading players in the industrial machinery market, like Coronus DX, are concentrating on creating modular and miniature machines to establish a competitive edge. Coronus DX bolsters the manufacturing of smaller but more potent microchips and electronic elements. For example, Lam Research Corporation, a semiconductor company based in the US, launched Coronus DX in June 2023. This innovation is a comprehensive solution for applying a protective film on both sides of wafer edges during advanced semiconductor production. Therefore, this technology can prevent damage and accumulation of residues, possibly facilitating the design of new device structures.
Which Segments in the Industrial Machinery Market Offer the Most Profit Potential?
The industrial machinerymarket 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 Firms Dominate the Industrial Machinery Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Industrial Machinery Market?
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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