The Global Industrial Machinery Market Report is Segmented by Product Type (Earth-Moving Equipment, Material-Handling and More), Application Industry (Printing, Food, Textile, Construction, and More), End-User Ownership (OEMs, Contract Manufacturers, and More), Automation Level (Conventional Manually Operated, Semi-Automated/CNC, and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Commodity market volatility and energy production fluctuations heavily influence industrial machinery and equipment wholesaling industry revenue. Post-pandemic demand growth, particularly in energy sectors, prompted higher spending on equipment purchases. E-commerce has also supported demand through online equipment orders and by bolstering downstream businesses' sales. Relatedly, the need for fulfillment machinery in warehouses reflects this trend. More recently, economic uncertainty, tariffs and weaker industrial activity are likely to affect demand for equipment. The broad range of downstream customers supplied by the industry is expected to help support overall industry revenue growth despite any headwinds. Industry revenue is estimated to rise at a CAGR of 2.7% to $331.7 billion by the end of 2025, with a growth of 1.5% forecast for the current year. The industry encompasses a wide range of sectors. Products supplied include general-purpose machinery like diesel engines and compressors, material handling equipment such as conveyors and forklifts and hydraulic and pneumatic systems crucial for power transfer. Energy sector equipment for extracting, refining and transporting petroleum remains a key source of growth for wholesalers. Metalworking machinery faces challenges due to rising metal prices, impacting investment in new equipment, but advances in automation and energy-efficient designs are fostering gradual recovery. Over the next five years, investment in industrial machinery is set to grow as strong corporate profit and rising construction demand drive capital expenditure. Stable growth in mining, construction and manufacturing will support this trend, while easing inflation may lead to lower interest rates, fostering investment. However, oil price volatility, influenced by geopolitical factors, poses a potential challenge by impacting operational costs and machinery demand in the oil and gas sector. Industry revenue is expected to climb at a CAGR of 1.4% to an estimated $355.6 billion through the end of 2030.

Global Industrial Machinery market size is expected to reach $811.94 billion by 2029 at 6.9%, segmented as by type, woodworking and paper machinery, printing machinery and equipment, semiconductor machinery, food product machinery

The global industrial machinery market size was around USD 749.5 billion in 2024 and is likely to expand at a CAGR of around 8.2%, surpassing USD 2.09 trillion revenue by 2037. Indirect Sales segment is poised to secure 73.7% share by 2037, driven by manufacturers leveraging distribution networks, resellers, and third-party agents to expand their customer base.

Industrial Machinery Market Outlook

The global industrial machinery market size is poised to expand significantly, with projections indicating an increase from approximately USD 562 billion in 2023 to an estimated USD 862 billion by 2032, reflecting a CAGR of 4.9% over the forecasted period. This growth is driven by various factors including technological advancements, increasing automation, and the rising demand for energy-efficient machinery across various sectors such as manufacturing and construction. The industrial machinery market is experiencing a robust transformation as businesses worldwide strive to improve efficiency and productivity through innovative machinery solutions.

The growth of the industrial machinery market is primarily fueled by the ongoing technological advancements and innovations in machinery design and functionality. The introduction of sophisticated technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning are revolutionizing the industry, enabling machines to perform complex tasks with greater precision and efficiency. These advancements are not only enhancing the capabilities of existing machinery but also paving the way for the development of new machines that can cater to the evolving needs of different industrial sectors. Furthermore, the integration of smart technologies is facilitating predictive maintenance, reducing downtime, and optimizing operational efficiencies, thereby contributing to the market's growth.

Another significant growth factor in the industrial machinery market is the increasing emphasis on sustainability and energy efficiency. As global awareness of environmental issues rises, industries are under pressure to adopt machinery that minimizes energy consumption and reduces carbon footprints. This demand is driving manufacturers to develop innovative solutions that are both cost-effective and environmentally friendly. Additionally, governmental regulations and policies promoting sustainable industrial practices are encouraging the adoption of energy-efficient machinery. Companies are investing heavily in research and development to create machinery that complies with these regulations, thereby fostering a greener industrial landscape.

Moreover, the burgeoning demand from emerging economies is a critical catalyst for the growth of the industrial machinery market. Rapid industrialization and urbanization in countries such as China, India, and Brazil are generating increased demand for industrial machinery. These regions are witnessing significant investments in infrastructure development, which in turn is boosting the demand for construction and material handling equipment. Furthermore, the expansion of manufacturing activities in these economies is propelling the need for advanced machinery to enhance production capabilities and meet export demands. As a result, the industrial machinery market is expected to see substantial growth in these regions over the coming years.

The regional outlook of the industrial machinery market reveals that Asia Pacific is anticipated to dominate the market during the forecast period, driven by rapid industrialization and the presence of major manufacturing hubs in countries like China and India. North America and Europe are also expected to witness significant growth due to the early adoption of advanced technologies and the need for modernization of existing machinery. Latin America and the Middle East & Africa regions are projected to show moderate growth, supported by investments in infrastructure development and the expansion of the oil and gas industry.

Type Analysis

The industrial machinery market, when segmented by type, encompasses diverse categories such as machining tools, pumps and compressors, measuring and gauging tools, material handling equipment, and others. Machining tools constitute a vital component of the market, owing to their extensive use in shaping and fabricating metal and other materials in various industrial applications. With continuous innovation in machining technologies, there is a growing demand for precise and efficient tools that can meet the complex requirements of modern manufacturing processes. Furthermore, the shift towards automation and the adoption of computer-controlled machining tools are driving the market growth, as these tools enhance production efficiency and reduce manufacturing costs.

Pumps and compressors play a crucial role in various industries, including oil and gas, water treatment, and chemicals, among others. The demand for these types of machinery is driven by the need for ef

The global industrial machinery market, valued at $668.7 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing automation across diverse sectors like manufacturing, construction, and agriculture fuels demand for sophisticated machinery. Secondly, the global infrastructure development boom, particularly in emerging economies, necessitates heavy investment in construction and mining equipment. Thirdly, the ongoing shift towards sustainable practices is fostering the adoption of energy-efficient and environmentally friendly industrial machinery. Finally, technological advancements, including the integration of artificial intelligence (AI) and the Internet of Things (IoT) in industrial machinery, are enhancing productivity and operational efficiency, further driving market growth. The market is segmented by type, encompassing diverse machinery categories such as agriculture & food machinery, construction equipment, and power & energy equipment, each contributing significantly to the overall market value. Similarly, applications span various sectors, including manufacturing (automotive, pharmaceuticals, chemicals), construction, agriculture, and power generation, highlighting the widespread utilization of industrial machinery across industries. The regional distribution of the market demonstrates significant presence in North America and Europe, driven by established industrial bases and high technological adoption rates. However, Asia-Pacific is anticipated to witness considerable growth in the forecast period due to rapid industrialization and expanding infrastructure projects within countries like China and India. While challenges like fluctuating raw material prices and economic volatility may pose some restraints, the overall market outlook remains positive, with continuous technological innovation and increasing global industrial activity expected to propel its expansion in the coming years. The presence of established players such as AO Smith Corp, Lincoln Electric Holdings, and others, along with emerging competitors, indicates a competitive landscape with continuous product development and market penetration strategies. The robust growth trajectory indicates substantial opportunities for investment and growth within the industrial machinery sector. This in-depth report provides a comprehensive analysis of the global industrial machinery market, projecting a market value exceeding $2.5 trillion by 2030. It delves into key segments, regional dynamics, emerging trends, and the competitive landscape, offering valuable insights for industry stakeholders, investors, and researchers. The report leverages extensive primary and secondary research, incorporating data from leading industry players and credible market intelligence sources. Keywords: Industrial Machinery Market Size, Industrial Machinery Market Growth, Industrial Machinery Market Trends, Industrial Machinery Manufacturers, Industrial Automation, Industrial Equipment, Heavy Machinery Market, Manufacturing Equipment Market.

TBRC global industrial machinery market report includes woodworking and paper machinery, food product machinery manufacturing

The industry is highly fragmented due to the diverse nature of the products, with many firms producing low quantities of specialised products. Downstream markets, like mining and manufacturing, strongly influence the industry's performance. Industry revenue is expected to grow at an annualised 3.3% over the five years through 2023-24 to $2.8 billion. This includes an expected 2.1% decline in the current year due to slow growth in downstream demand stemming from a sharp rise in interest rates.A strong performance in the industry's major market, mining, has contributed to revenue growth over the past five years. Rising capital expenditure by the private sector has supported manufacturers. Imports from manufacturers in nations like China have accounted for a high proportion of domestic demand. They are driving out local producers relying on low domestic production costs to remain profitable. Foreign manufacturing hubs typically have low labour costs and specialise in manufacturing high-quantity, standardised products. Despite rampant import competition, industry enterprise and establishments numbers have risen as domestic manufacturers dominate niche markets, creating bespoke, high-quality products.Industry revenue is forecast to fall at annualised 0.7% over the five years through 2028-29 to $2.7 billion. Mixed demand conditions in key downstream industries, like manufacturing, will likely limit revenue growth. Actual capital expenditure on mining is set to grow over the next five years, which is set to support industry growth. An anticipated appreciation of the Australian dollar over the next five years will likely reduce domestic product competitiveness, constraining export revenue. However, a continued shift towards high-value specialised manufacturing is likely to offset this decline and support an increase in profitability over the period. Import competition is slated to continue threatening industry players as developed countries continue to innovate and produce products on par with domestic manufacturers. This trend is anticipated to be an additional barrier for domestic manufacturers who have pivoted to creating high-value products.

Market Size statistics on the Industrial Machinery & Equipment Wholesaling industry in the US

Global Machinery and Equipment market size 2025 was XX Million. Machinery and Equipment Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Despite the past crises surrounding the coronavirus pandemic and the Ukraine conflict and the associated trade policy upheavals, the industry has seen relatively stable sales growth over the past five years. The energy transition and the associated orders for the construction of solar and wind power plants also provided growth impetus for many industry players. Overall, a significant proportion of the industry's positive sales development is attributable to the associated switch to renewable energies. In the current year, the industry will continue to be impacted by the negative economic effects of the Ukraine conflict due to high material costs. As a result, industry turnover is expected to increase by 0.2% to €18.2 billion in the current year. Between 2020 and 2025, it fell by an average of just 0.2% per year. The profit margin has fallen from a medium to a low level in recent years.Since the start of the pandemic, the sector has been suffering in particular from the decline in production volumes in the industry. When there is less production, there is also less demand for new machines and their installation. In addition, companies tend to postpone investments due to the uncertain economic situation. Even if a positive trend in production volume can be expected again in 2025, it is still likely to be significantly below the pre-crisis level of 2019. Without the German economy's strong focus on exports and the increase in global trade volumes forecast for 2025, the sector would be in a worse position. The recovery of the manufacturing industry and thus also of the sector as an associated service provider will be driven by the dynamic economic recovery abroad.For the period from 2025 to 2030, IBISWorld expects average annual growth of 0.4% and industry turnover of 18.5 billion euros in 2030. This positive trend is likely to be due to the positive development of global trade and rising production volumes. Positive impetus will also come from the energy transition and the automotive industry's switch to electromobility, as new systems will need to be installed in each case. IBISWorld expects the number of industry players and employees to increase slightly by 2030.

Over the past five years, the industry has experienced steady growth, driven by rising demand and resilience to external disruptions. Despite a drop in profitability amid higher wages, efficiency has improved because of lower purchase fees resulting from streamlined supply chains and bulk buying. Investments in technology, such as automated inventory management and computerized maintenance management systems (CMMS), have enabled faster distribution and predictive maintenance, reducing downtime. Demand for advanced industrial equipment like CNC machines and 3D printers has surged, fueled by expansion in the automotive and electronics sectors. Also, lean manufacturing practices have helped minimize waste and optimize resource use, contributing to fairly consistent gains in revenue. Advances in production techniques and operational efficiencies have propelled growth. The adoption of Industry 4.0 technologies, including IoT sensors, automation and robotics, has enhanced output while cutting labor costs and error rates. Additive manufacturing allows for quicker, cost-effective production of customized parts. Adoption of energy-efficient machinery and optimized logistics has subdued the profit decline. Improved inventory forecasting has reduced holding costs. Regulatory changes, such as Canada's Energy Efficiency Regulations (including Amendment 15, published in 2017 with some provisions effective in 2021), have pushed companies to meet or even exceed mandated energy standards. Enhanced software analytics now provide real-time operational insights, improving decision-making and ensuring the industry’s continued competitiveness. Industrial Machinery and Equipment Wholesaling industry revenue has been expanding at a CAGR of 1.6% over the past five years and is expected to total $30.7 billion in 2025, when revenue will jump by an estimated 2.7%. Looking ahead, the industry is set to continue its upward trajectory with revenue growth driven by sustained investments in technology and infrastructure. Advanced robotics, AI and IoT will further optimize operations, reduce machine downtime and enhance supply chain transparency. Market demand will be shaped by trends in green infrastructure and renewable energy. Environmental sustainability will become increasingly important, propelled by regulations like the Canadian Net-Zero Emissions Accountability Act, which aims for net-zero emissions by 2050. This will encourage innovation in electric and hybrid machinery, as well as products made with biodegradable components and circular economy principles. The industry is evolving to meet these demands, supporting ongoing success and market relevance. Industrial Machinery and Equipment Wholesaling industry revenue is expected to expand at a CAGR of 1.5% to $33.1 billion over the five years to 2030.

The global industrial machinery market, valued at $675.62 million in 2025, is projected to experience steady growth, driven by increasing industrial automation, infrastructure development across emerging economies, and rising demand for advanced manufacturing technologies. The 3.6% CAGR indicates a consistent expansion through 2033, fueled by several key application segments. The construction, automotive, and agricultural sectors are major contributors, demanding sophisticated machinery for enhanced efficiency and productivity. Growth in the food processing industry, coupled with the expanding pharmaceutical and chemical sectors, further strengthens market demand. Technological advancements, such as the integration of IoT and AI in industrial machinery, are reshaping the landscape, promoting predictive maintenance, enhanced operational efficiency, and improved safety standards. However, factors like fluctuating raw material prices, supply chain disruptions, and stringent environmental regulations could pose challenges to sustained growth. The market is segmented by various machinery types including agriculture & food machinery, construction equipment, power & energy equipment, and more, reflecting the diverse needs of various industries. Competition is fierce, with established players such as AO Smith Corp, Lincoln Electric Holdings, and Manitowoc Company competing alongside technological innovators. Geographical expansion, particularly in developing regions of Asia-Pacific, presents significant opportunities for market players. The market's composition reflects a diversified range of industrial sectors, with regional variations in growth rates. North America and Europe currently hold significant market shares, leveraging their established industrial infrastructure. However, rapid industrialization in Asia-Pacific, particularly in China and India, is driving substantial growth in these regions. The increasing adoption of sustainable and eco-friendly machinery is a significant trend, aligning with global sustainability initiatives and government regulations. This shift towards environmentally conscious practices necessitates innovative manufacturing processes and technological advancements within the industrial machinery sector. Furthermore, the focus on improving worker safety and reducing workplace accidents is pushing demand for advanced safety features and personal protective equipment. This comprehensive analysis indicates a promising future for the industrial machinery market, although navigating potential challenges requires strategic adaptation and innovation.

Global Industrial Machinery & Industrial Equipment market size 2021 was recorded $639.139 Million whereas by the end of 2025 it will reach $853.55 Million. According to the author, by 2033 Industrial Machinery & Industrial Equipment market size will become $1522.29. Industrial Machinery & Industrial Equipment market will be growing at a CAGR of 7.5% during 2025 to 2033.

This statistic shows the revenue of the industry “industrial machinery manufacturing“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of industrial machinery manufacturing in the U.S. will amount to approximately **** billion U.S. Dollars by 2024.

Global Commercial And Industrial Machinery And Equipment Repair And Maintenance market size is expected to reach $505.17 billion by 2029 at 7.3%, segmented as by type, commercial machinery repair and maintenance

The global industrial machinery market, valued at $720.11 million in 2025, is projected to experience steady growth, driven by increasing automation across various sectors and rising demand for advanced manufacturing technologies. The 3.6% CAGR indicates a consistent expansion, fueled by key application segments like construction, automotive, and food processing. Growth in emerging economies, particularly in Asia-Pacific (driven by nations like China and India), is a significant contributor. Advancements in robotics, AI-powered machinery, and sustainable manufacturing practices are shaping market trends, with a focus on energy efficiency and reduced environmental impact. While supply chain disruptions and fluctuations in raw material prices pose potential restraints, the long-term outlook remains positive due to ongoing industrialization and infrastructure development globally. The diverse product segments, including agricultural machinery, construction equipment, and power generation equipment, contribute to the market's robustness and resilience. Key players such as AO Smith Corp, Lincoln Electric Holdings, and others are investing heavily in research and development to maintain a competitive edge, focusing on innovative solutions and technological upgrades to meet evolving industry needs. This robust market demonstrates a diversified revenue stream across various applications. The construction sector, bolstered by global infrastructure projects, is a key driver. Similarly, the automotive sector's focus on automation and efficiency boosts demand for specialized machinery. The food processing industry's need for high-throughput, automated equipment further contributes to market growth. The regional distribution, while not explicitly detailed, is likely to show significant concentration in North America and Europe, with increasing market share captured by Asia-Pacific due to rapid industrialization and expanding manufacturing bases in countries like China and India. The competitive landscape involves both established multinational corporations and specialized regional players, creating a dynamic and innovative market.

Special Equipment Manufacturing Market Outlook

The global special equipment manufacturing market size was valued at approximately $460 billion in 2023 and is projected to reach around $750 billion by 2032, growing at a compound annual growth rate (CAGR) of 6%. This market is poised for substantial growth driven by advancements in technology and increasing demand across various industries such as healthcare, construction, and aerospace and defense. The high CAGR reflects a dynamic sector characterized by ongoing innovation and diversification in product offerings and applications.

Several factors are propelling the growth of the special equipment manufacturing market. One primary growth factor is the rapid technological advancements, particularly in automation, robotics, and 3D printing. These technologies are revolutionizing manufacturing processes by enhancing precision, reducing production times, and lowering operational costs. For instance, automation and robotics are increasingly being adopted in industrial settings to improve efficiency and safety, while 3D printing is enabling the creation of complex components that were previously difficult or impossible to manufacture using traditional methods. As these technologies continue to evolve, their integration into special equipment manufacturing is expected to drive significant market growth.

Another critical growth factor is the increasing demand for specialized equipment in various end-use industries. The healthcare industry, for example, is experiencing a surge in demand for advanced medical equipment due to the growing global population, rising prevalence of chronic diseases, and an aging population. Similarly, the aerospace and defense sector is investing heavily in advanced machinery and equipment to enhance capabilities and maintain a competitive edge. Additionally, the construction industry is witnessing a shift towards more efficient and innovative machinery to meet the rising demand for infrastructure development and urbanization. These industry-specific demands are fueling the expansion of the special equipment manufacturing market.

Moreover, government initiatives and investments in infrastructure development and modernization projects are significantly contributing to market growth. Governments worldwide are implementing policies and providing financial support to promote industrial development and technological innovation. For example, initiatives such as Industry 4.0 and smart manufacturing are encouraging the adoption of advanced technologies in manufacturing processes. These initiatives not only enhance productivity and efficiency but also foster the development of new and specialized equipment. The supportive regulatory environment and financial incentives provided by governments are expected to further drive market expansion.

From a regional perspective, Asia Pacific is expected to dominate the special equipment manufacturing market over the forecast period. The region's rapid industrialization, growing population, and increasing investments in infrastructure development are key drivers of market growth. North America and Europe are also significant markets due to their established industrial base and continuous technological advancements. The Middle East & Africa and Latin America regions are anticipated to witness moderate growth, driven by increasing investments in infrastructure and industrial development. Each region's specific economic conditions, industrial policies, and technological advancements play a crucial role in shaping the market dynamics.

Product Type Analysis

Industrial Machinery

The industrial machinery segment encompasses a wide range of equipment used in manufacturing processes across various industries. This segment is expected to witness substantial growth due to increasing automation and technological advancements. Industrial machinery is essential for efficient production, and its demand is driven by the need for precision, speed, and cost-effectiveness. The adoption of Industry 4.0 technologies, such as IoT and AI, is further enhancing the capabilities of industrial machinery, making it more intelligent and connected. These advancements are expected to drive the growth of the industrial machinery segment significantly.

Moreover, the rise of smart manufacturing and the integration of advanced control systems are revolutionizing the industrial machinery landsc

Construction equipment producers have faced significant volatility in recent years, largely driven by the performance of various branches of the construction space, including residential, industrial and infrastructure. Unfavorable macroeconomic conditions in 2020 led to a slowdown in nonresidential construction activity, as remote working practices became the norm, foot traffic at brick-and-mortar stores weakened and demand for manufactured goods weakened. However, during this time, the residential sector boomed as near-zero interest rates and the flexibility offered by remote working encouraged consumers to purchase or build homes, boosting demand for construction equipment. As the economy began to recover, the nonresidential sector slowly followed. However, elevated inflationary pressures and heightened consumer uncertainty placed downward pressure on demand from the residential sector, contributing to revenue losses in 2023. During this time, steel prices directly impacted revenue, a highly volatile commodity that squeezed producers' profit. These trends have contributed to revenue growing at an estimated CAGR of 3.1% to $43.5 billion through 2025, including a 0.9% gain that year alone. Domestic producers face significant competition from foreign manufacturers, which is largely driven by consumer preferences favoring foreign producers and other cost-advantage measures. Imports have been satisfying a growing share of domestic demand as elevated inflation makes consumers more price-sensitive. Similarly, the recent appreciation of the US dollar has made imported machinery comparatively more affordable, further boosting demand for imports. On the other hand, exports have been accounting for a smaller share of revenue, with a strong dollar making them less competitive overseas, pushing domestic producers to focus on serving their domestic markets. Looking ahead, construction machinery manufacturers will continue to enjoy solid growth. Expected interest rate cuts will boost residential and commercial construction as developers capitalize on favorable borrowing conditions. The market for multifamily housing remains robust, driven by younger demographics' demands, while government initiatives push for greener construction practices. The depreciation of the dollar will make US machinery more competitive abroad, fostering export growth. Similarly, domestic construction companies will seek domestic construction machinery manufacturers’ products as foreign products become more expensive. Industry revenue is forecast to climb at a CAGR of 1.6% to $48.2 billion through the end of 2030.