Global Industrial Machinery Market Growth 2023-2029

Global Industrial Machinery Market Growth 2023-2029

The Industrial Machinery industry consists of companies engaged in the manufacturing of basic power and hand tools, hardware, small-scale machinery and other industrial components. The industry includes power saws, polishing and metal-working machines, drills, nuts, bolts, screws, springs, valves, pneumatic hoses and other basic industrial equipment. The industry excludes cables, batteries, motors and small-electrical equipment, classified in Electrical Components & Equipment; heavy generators, conveyors and other large-electrical equipment, classified in Heavy Electrical Equipment; and permanently installed machinery, classified in Engineering & Construction.

LPI (LP Information)' newest research report, the “Industrial Machinery Industry Forecast” looks at past sales and reviews total world Industrial Machinery sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Machinery sales for 2023 through 2029. With Industrial Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Machinery industry.

This Insight Report provides a comprehensive analysis of the global Industrial Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Machinery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Machinery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Machinery.

The global Industrial Machinery market size is projected to grow from US$ 635750 million in 2022 to US$ 821770 million in 2029; it is expected to grow at a CAGR of 821770 from 2023 to 2029.

First of all, rapid industrialization drives the Industrial Machinery market size. Government support is another factor to boost the market. The increase in people living standard increased spending on nutrition and vitamins. Therefore, customers may pay more attention to health and diet, which means that food processing technology can be important. In order to improve productivity and efficiency, human labor has been replaced by machinery. industrial robotics are becoming more and more indispensable. Second, the industrial machinery market in Asia-Pacific is estimated to grow over the following year. The growing demand for industrial machinery from countries such as China, India, South Korea and Japan is anticipated to drive overall market demand over the forecast period. China's government is focusing on urbanization and the recent policies stress on rapid industrialization. India is expected to observe rapid industrialization on account of favorable government regulations and policies. North America was the largest region in the industrial machinery manufacturing market.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Machinery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Agriculture & Food Machinery
Construction Machinery & Related Equipment
Power & Energy Equipment
Aerospace
Material Handling Machinery
Personal Protective Equipment
Metalworking Machinery
General Purpose Industrial Machinery
Automotive
Mining and Industrial Process Machinery

Segmentation by application
Printing
Food
Textile
Construction
Pharmaceuticals
Chemical
Automotive
Agricultural
Power Generation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AO Smith Corp
Lincoln Electric Holdings
Manitowoc Company
Illinois Tool Works
Terex Corp
Astec Industries
Toyota
Samsung Electronics
AGCO Corporation
Alamo Group
Ford
Hewlett-Packard
Hitachi
IBM
Lindsay Corporation
Siemens
General Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Machinery market?

What factors are driving Industrial Machinery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Machinery market opportunities vary by end market size?

How does Industrial Machinery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.