Press release
Emerging Trends to Drive Machinery Market Growth at 6.5% CAGR Through 2029
Machinery
Machinery Market Size Growth Forecast: What to Expect by 2025?
In recent years, the machinery market has seen robust growth. It is projected to expand from $3782.8 billion in 2024 to $4001.19 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 5.8%. This historic period of growth can be ascribed to factors such as industrialization and economic development, emphasis on precision and accuracy, international trade and globalization, rising labor costs, and increased consumer demand for efficiency.
How Will the Machinery Market Size Evolve and Grow by 2029?
The size of the machinery market is projected to witness substantial growth in the coming years, rising to $5140.81 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The surge during the forecast period can be ascribed to the expansion in the development of sustainable and eco-friendly machinery, global supply chain obstacles, transition towards a circular economy, implementation of cybersecurity strategies, remote supervision and servicing, alongside building resistance and readiness for disasters. The future period is expected to witness key trends such as digital revolution, self-sufficient machinery, personalized and modular plans, collaboration between humans and machines, as well as the advent of superior materials and manufacturing processes.
View the full report here:
https://www.thebusinessresearchcompany.com/report/machinery-global-market-report
What Drivers Are Propelling the Growth of Machinery Market Forward?
The machinery manufacturing sector is likely to be propelled by rapid technological advancements over the forecast period, according to predictions. Manufacturing practices are also positively impacted by the use of technologies such as 3D printing, artificial intelligence, and big data analytics, leading to increased productivity, reduced operational costs, and improved profit margins. A global survey by The Economist Intelligence Unit reports, for instance, that around 90% of business executives believe artificial intelligence will contribute positively to their company's growth, and 86% see AI as a means to enhance productivity. Larger profit margins through reduced operation expenses allow firms to augment product lines, penetrate new markets, and invest savings. In addition, IoT applications allow for services such as remote tracking, and central feedback systems and offer additional services are also being integrated into these machines. Fresh opportunities are being presented to businesses in this sector through mobile applications, advanced sensors, and built-in software. These elements are projected to propel the machinery manufacturing market over the forecast period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2866&type=smp
What Are the Key Trends Driving Machinery Market Growth?
Leading corporations in the machinery market are introducing innovative products to boost their earnings. For example, in October 2022, Caterpillar Inc., a company in the US specializing in engine equipment manufacture, introduced their four fresh battery-electric machine prototypes namely 301.9 mini excavator, 320 medium excavator, 950 GC medium wheel loader and 906 compact wheel loader. These machines aim to supply an environmentally-friendly and efficient alternative to the usual diesel-powered devices. They come with an onboard AC charger and use the prototypes of Caterpillar batteries as power source.
What Are the Key Segments in the Machinery Market?
The machinerymarket covered in this report is segmented -
1) By Type: Automatic, Semi-Automatic
2) By Capacity: Small, Medium, Large
3) By Application: Automotive, Precision Engineering, Transport, Other Applications
Subsegments:
1) By Automatic: Fully Automated Machinery, Robotics and Automated Systems
2) By Semi-Automatic: Semi-Automatic Assembly Machines, Semi-Automatic Packaging Machines, Semi-Automatic CNC Machines
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2866&type=smp
Who Are the Key Players Shaping the Machinery Market's Competitive Landscape?
Major companies operating in the machinery market include Robert Bosch GmbH, Siemens AG, Caterpillar Inc., Midea Group Corporation Limited, Deere & Company, Schneider Electric SE, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Canon Inc., ABB Ltd., Gree Electric Appliances Inc. of Zhuhai, Johnson Controls International plc, Komatsu Ltd., CNH Industrial N.V., Eaton Corporation plc, Kubota Corporation, Emerson Electric Co., Parker-Hannifin Corporation, Tetra Laval International S.A., Liebherr-International AG, Atlas Copco AB, XCMG Group Co. Ltd., Hitachi Construction Machinery Co. Ltd., Rockwell Automation Inc., Ingersoll Rand Inc., Zoomlion Heavy Industry Science and Technology Co. Ltd., SANY Heavy Industry Co. Ltd., Volvo Construction Equipment AB, Doosan Heavy Industries & Construction Co. Ltd.
What Geographic Markets Are Powering Growth in the Machinery Market?
Asia-Pacific was the largest region in the machinery market in 2024. Western Europe was the second largest region in the machinery market. The regions covered in the machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2866
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers 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 Emerging Trends to Drive Machinery Market Growth at 6.5% CAGR Through 2029 here
News-ID: 4204134 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Machinery
Customized Machinery Solutions for Global Industries | MIKWANG MACHINERY
MIKWANG MACHINERY is a global manufacturer specializing in stenter machines, coating machines, drying systems, film coater machine, and film finishing equipment. The company focuses on innovation, quality, and reliability, developing advanced technologies through its Technical Division to meet customer needs. MIKWANG is recognized for high-performance solutions like non-woven lines and mega film coater machines, which enhance productivity and efficiency while providing long-term value to clients.
Key Features of Non-Woven Line…
Enhancing Productivity with Reliable Industrial Machinery | MIKWANG MACHINERY
MIKWANG MACHINERY specializes in textile machine, coating, drying, and film processing equipment and is known for its innovative and energy-efficient production solutions. The company offers customizable machines that enhance throughput and product quality while minimizing operating costs. Its portfolio includes stenter and drying systems, precision coaters, laminators, and environmental solutions like heat recovery. MIKWANG focus on reliability, ease of use, and energy savings makes its products ideal for textile mills…
Cotton Spinning Machinery Market Forecast Top Manufacturers: Saurer, Rieter, Mur …
MarketQuest.biz has published research and analysis-based study on Global Cotton Spinning Machinery Market that covers growth prospects, market development potential, profitability, and other important subjects. The report is an indispensable guide for positioning one's business in a highly competitive market landscape. The report is tailored according to our client's needs and their current foothold in the global Cotton Spinning Machinery market. The research presents a greater picture of the market…
ASEAN Construction Machinery Market Competitive Insights and Precise Outlook 202 …
ASEAN Construction Machinery Market - Growth. Trends And Forecasts (2020-2025)
The report presents an in-depth assessment of the ASEAN Construction Machinery including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for ASEAN Construction Machinery investments from 2020 till 2025.
The ASEAN construction machinery market is expected to register a CAGR…
Riveting Machines Market 2028 | Kaihung Machinery, Tipen, Orbitform, AGME, BALTE …
This detailed market study covers Riveting Machines Market growth potentials which can assist the stake holders to understand key trends and prospects in Riveting machines Market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The…
Rice Milling Market 2019:Rice Whitening Machinery, Pre Cleaner Machinery, Paddy …
The Rice milling is the process that helps in removal of hulls and bran’s from paddy grains to produce polished rice.
The worldwide Rice Milling market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales…
