The Machinery Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Machinery Market?
The Machinery Global Market Report 2025 market has shown substantial growth recently. The market size is predicted to increase from $3761.53 billion in 2024 to $4044.79 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Machinery Industry?
The market size for the Machinery Global Market Report 2025 is predicted to grow to a substantial $5247.52 billion in 2029, with a projected compound annual growth rate (CAGR) of 6.7%.
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What are the Key Growth Drivers Fueling the Machinery Market?
The key drivers in the machinery market are:
• Rise in demand for sustainable and eco-friendly machinery
• Global supply chain challenges leading to increased machinery requirement
• Shift towards a circular economy promoting machinery use
• Increased emphasis on cybersecurity measures in machinery
• Adoption of remote monitoring and maintenance for machinery
• Increasing focus on resilience and disaster preparedness in machinery industry
• Digital transformation driving the machinery market growth
• Emergence of autonomous machinery
• Growing trend towards customized and modular design in machinery
• Rising human-machine collaboration in various industries
• Development and use of advanced materials and manufacturing techniques in machinery industry
Global Market Segmentation: Identifying Major Machinery Industry Segments
The machinery market 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
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What are the Emerging Trends Shaping the Future of the Machinery Market?
The key trends in the machinery market are:
• The machinery market is being shaped by a growing emphasis on sustainable and Eco-friendly machinery.
• Global supply chain challenges and cybersecurity measures are emerging trends influencing the future of the market.
• The market is witnessing a rise in remote monitoring and maintenance, resilience and disaster preparedness.
• Significant trends such as digital transformation, autonomous machinery, customization and modular design, human-machine collaboration, and advanced materials and manufacturing techniques are playing key roles in shaping the market.
Who Are the Top Competitors & Leading Players in the Machinery Market?
Major companies in the machinery market are:
• 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.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the machinery market in 2024
