Industrial Machinery Market to reach USD 959.94 Bn by 2029, emerging at a CAGR of 6.4 percent for (2023-2029)



(EMAILWIRE.COM, December 21, 2023 ) The total global market for the “Industrial Machinery Market” was valued at USD 621.8 Bn in 2022 and is expected to grow at a CAGR of 6.4 percent over the forecast period to reach USD 959.94 Bn by 2029.

Industrial Machinery Market Report Scope and Research Methodology

The Industrial Machinery Market report presents a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment, other key aspects, and predictions. The Bottom approach is used to estimate the market size and swot analysis was used to analyze the industry’s weaknesses and strengths.

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Industrial Machinery Market Dynamics

The Industrial Machinery Market is propelled by key drivers such as technological advancements, automation trends, and the demand for increased operational efficiency. Growing emphasis on sustainable practices, innovation in manufacturing processes, and a surge in infrastructure development projects globally also contribute significantly to the market’s momentum.

Industrial Machinery Market Regional Insights

North America dominated the largest market share in 2022. Regional growth is influenced by the growing number of robust and drivers’ sectors that supporting the continent industrial activities and technological advancement.

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Industrial Machinery Market Segmentation

By Type

Material Handling Equipment

Machine Tools

Packaging Machinery

Industrial Robotics

Construction Machinery

Textile Machinery

By Operation


Semi- Autonomous


By Application

Cutting and Welding Machines

Assembly and Handling Systems

Testing and Measurement Equipment

Machining Centers

By End-Use Industry







By Distribution Channel



Industrial Machinery Key Players include:

Siemens AG

General Electric (GE)

ABB Group

Caterpillar Inc.

Schneider Electric

Komatsu Ltd.

Emerson Electric Co.

Fanuc Corporation

Maximize Market Research is leading Engineering Equipment research firm, has also published the following reports:

Industrial Chain Market– The Market size is expected to reach USD 6.93 Bn by 2029 at a CAGR of 6.8 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and 2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and defense and other manufacturing sectors.

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