The machinery market size has grown strongly in recent years. It will grow from $4.0 trillion in 2025 to $4.23 trillion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industrialization growth, expansion of manufacturing plants, adoption of semi-automatic machinery, demand for productivity improvement, availability of mechanical systems.
The machinery market size is expected to see strong growth in the next few years. It will grow to $5.5 trillion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to smart manufacturing investments, automation across industries, electrification of machinery, demand for flexible production lines, sustainability-driven upgrades. Major trends in the forecast period include shift toward automated machinery, demand for energy-efficient equipment, growth of precision engineering applications, expansion of robotics integration, focus on flexible manufacturing.
Rapid technological advancements are expected to drive the growth of the machinery market in the coming years. These advancements refer to the continuous introduction of new digital, automation, and production-enhancing tools that improve industrial performance. The adoption of advanced automation is rising due to increased deployment of robotics in manufacturing. As this demand grows, the machinery market supports technological progress by providing equipment that integrates robotics, analytics, and digital systems to enhance output and reduce operating costs. Technological advancements strengthen machinery demand as industries seek greater productivity and efficiency. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit representing the global robotics industry, reported that factories worldwide operated 4,281,585 robots, up 10% from the previous year, with over half a million new installations for the third consecutive year. Therefore, rapid technological progress is driving the machinery market.
Key companies in the machinary market are focusing on innovative solutions, such as intelligent liquid ring vacuum pump systems, to meet rising demand for energy-efficient, durable, and high-performance vacuum technologies across industrial applications. For instance, in January 2025, Atlas Copco, a Sweden-based industrial equipment manufacturer, launched the LRP 700-1000 VSD+, an advanced range of liquid ring vacuum pumps designed for high efficiency and intelligent performance. These pumps feature a variable speed drive system that automatically adjusts motor speed to match process requirements, improving energy efficiency compared to conventional fixed-speed pumps. The range ensures reliable operation in humid, wet, and harsh environments, offers quiet performance, and reduces water consumption through an optimized liquid handling system. Its compact, fully integrated design simplifies installation while enhancing productivity in sectors such as food processing, chemical manufacturing, pharmaceuticals, and general industrial operations.
In January 2025, Tadano Ltd., a Japan-based provider of cranes, hydraulic mobile cranes, truck-mounted cranes, and aerial work platforms, acquired Manitex International, Inc. for an undisclosed amount. This acquisition allows Tadano to expand and diversify its product portfolio by integrating Manitex’s mobile truck cranes, aerial work platforms, and specialized lifting solutions, strengthening its global presence in material-handling and construction equipment markets. Manitex International, Inc. is a US-based provider of mobile truck cranes, aerial work platforms, specialized industrial lifting equipment, and construction equipment rental solutions for the infrastructure, construction, and heavy industry sectors.
Major companies operating 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.
Asia-Pacific was the largest region in the machinery market in 2025. Western Europe was the second largest region in the machinery market. The regions covered in the machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The machinery market size is expected to see strong growth in the next few years. It will grow to $5.5 trillion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to smart manufacturing investments, automation across industries, electrification of machinery, demand for flexible production lines, sustainability-driven upgrades. Major trends in the forecast period include shift toward automated machinery, demand for energy-efficient equipment, growth of precision engineering applications, expansion of robotics integration, focus on flexible manufacturing.
Rapid technological advancements are expected to drive the growth of the machinery market in the coming years. These advancements refer to the continuous introduction of new digital, automation, and production-enhancing tools that improve industrial performance. The adoption of advanced automation is rising due to increased deployment of robotics in manufacturing. As this demand grows, the machinery market supports technological progress by providing equipment that integrates robotics, analytics, and digital systems to enhance output and reduce operating costs. Technological advancements strengthen machinery demand as industries seek greater productivity and efficiency. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit representing the global robotics industry, reported that factories worldwide operated 4,281,585 robots, up 10% from the previous year, with over half a million new installations for the third consecutive year. Therefore, rapid technological progress is driving the machinery market.
Key companies in the machinary market are focusing on innovative solutions, such as intelligent liquid ring vacuum pump systems, to meet rising demand for energy-efficient, durable, and high-performance vacuum technologies across industrial applications. For instance, in January 2025, Atlas Copco, a Sweden-based industrial equipment manufacturer, launched the LRP 700-1000 VSD+, an advanced range of liquid ring vacuum pumps designed for high efficiency and intelligent performance. These pumps feature a variable speed drive system that automatically adjusts motor speed to match process requirements, improving energy efficiency compared to conventional fixed-speed pumps. The range ensures reliable operation in humid, wet, and harsh environments, offers quiet performance, and reduces water consumption through an optimized liquid handling system. Its compact, fully integrated design simplifies installation while enhancing productivity in sectors such as food processing, chemical manufacturing, pharmaceuticals, and general industrial operations.
In January 2025, Tadano Ltd., a Japan-based provider of cranes, hydraulic mobile cranes, truck-mounted cranes, and aerial work platforms, acquired Manitex International, Inc. for an undisclosed amount. This acquisition allows Tadano to expand and diversify its product portfolio by integrating Manitex’s mobile truck cranes, aerial work platforms, and specialized lifting solutions, strengthening its global presence in material-handling and construction equipment markets. Manitex International, Inc. is a US-based provider of mobile truck cranes, aerial work platforms, specialized industrial lifting equipment, and construction equipment rental solutions for the infrastructure, construction, and heavy industry sectors.
Major companies operating 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.
Asia-Pacific was the largest region in the machinery market in 2025. Western Europe was the second largest region in the machinery market. The regions covered in the machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Machinery Market Characteristics
3. Machinery Market Supply Chain Analysis
4. Global Machinery Market Trends and Strategies
5. Machinery Market Analysis of End Use Industries
7. Global Machinery Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Machinery Total Addressable Market (TAM) Analysis for the Market
9. Machinery Market Segmentation
10. Machinery Market Regional and Country Analysis
11. Asia-Pacific Machinery Market
12. China Machinery Market
13. India Machinery Market
14. Japan Machinery Market
15. Australia Machinery Market
16. Indonesia Machinery Market
17. South Korea Machinery Market
18. Bangladesh Machinery Market
19. Thailand Machinery Market
20. Vietnam Machinery Market
21. Malaysia Machinery Market
22. Singapore Machinery Market
23. Philippines Machinery Market
24. Hong Kong Machinery Market
25. New Zealand Machinery Market
26. Taiwan Machinery Market
27. South East Asia Machinery Market
28. Western Europe Machinery Market
29. UK Machinery Market
30. Germany Machinery Market
31. France Machinery Market
32. Italy Machinery Market
33. Spain Machinery Market
34. Austria Machinery Market
35. Belgium Machinery Market
36. Denmark Machinery Market
37. Finland Machinery Market
38. Ireland Machinery Market
39. Netherlands Machinery Market
40. Norway Machinery Market
41. Portugal Machinery Market
42. Sweden Machinery Market
42. Switzerland Machinery Market
43. Eastern Europe Machinery Market
44. Russia Machinery Market
45. Czech Republic Machinery Market
46. Poland Machinery Market
47. Romania Machinery Market
48. Ukraine Machinery Market
49. North America Machinery Market
50. USA Machinery Market
51. Canada Machinery Market
52. Mexico Machinery Market
53. South America Machinery Market
54. Brazil Machinery Market
55. Chile Machinery Market
56. Argentina Machinery Market
57. Colombia Machinery Market
58. Peru Machinery Market
59. Middle East Machinery Market
60. Saudi Arabia Machinery Market
61. Israel Machinery Market
62. Iran Machinery Market
63. Turkey Machinery Market
64. United Arab Emirates Machinery Market
65. Africa Machinery Market
66. Egypt Machinery Market
67. Nigeria Machinery Market
68. South Africa Machinery Market
70. Machinery Market Competitive Landscape and Company Profiles
71. Machinery Market Other Major and Innovative Companies
74. Machinery Market High Potential Countries, Segments and Strategies
75. Appendix
Executive Summary
Machinery Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase::
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on end user analysis.
- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for machinery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The machinery market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Automatic; Semi-Automatic2) By Capacity: Small; Medium; Large
3) By Application: Automotive; Precision Engineering; Other Applications
Subsegments:
1) By Automatic: Fully Automated Machinery; Robotics and Automated Systems2) By Semi-Automatic: Semi-Automatic Assembly Machines; Semi-Automatic Packaging Machines
Companies Mentioned: 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.
Countries: China; India; Japan; Australia; Indonesia; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; Taiwan; New Zealand; UK; Germany; France; Italy; Spain; Austria; Belgium; Denmark; Finland; Ireland; Netherlands; Norway; Portugal; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Machinery market report 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 4.23 Trillion |
| Forecasted Market Value ( USD | $ 5.5 Trillion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
