In 2023, the average vacancy rate for industrial and logistics real estate in the United States started to rise, marking the first increase since early 2020. As of the first quarter of 2025, approximately *** percent of industrial and logistics real estate was vacant - an increase of **** percentage points since the fourth quarter of 2022. Despite vacancies rising, in many of the major industrial markets, the vacancy rate stood below five percent. Why has the vacancy rate increased? High-quality warehousing and fulfillment centers are crucial to the e-commerce sector because they allow retailers to establish efficient processes, reduce costs, and meet consumer expectations. During the COVID-19 pandemic, e-commerce sales grew rapidly, driving demand for industrial and logistics real estate. Rising leasing activity led to the share of available space dropping notably. As development increased to meet this demand, 2023 experienced the highest amount of new completions and vacancies rising. Which are the largest U.S. industrial and logistics markets? Home to the largest port complex in North America and a gateway for the trade between Asia and North America, Greater Los Angeles is the market with the most industrial and logistics real estate stock. Nevertheless, when considering demand, Phoenix and Houston topped the ranking with the most industrial and logistics real estate absorbed in 2024. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

U.S. Industrial Automation Market valued USD 49.8 Billion in 2024 and is projected to surpass USD 103.8 Billion through 2032

The size of the North America Industrial Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.50">> 4.50% during the forecast period. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Increasing Rental Prices of Office Spaces.

The report on U.S. Industrial Generator covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

United States (US) Industrial Rubber Products Market is expected to grow during 2025-2031

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Industrial Services Market Size 2025-2029

The industrial services market size is forecast to increase by USD 22.68 billion, at a CAGR of 7.3% between 2024 and 2029.

The market is experiencing significant shifts driven by the increasing emphasis on predictive maintenance and the growing demand for end-to-end quality and process control. These trends reflect the industry's ongoing transformation towards more efficient, data-driven operations. However, companies face challenges in implementing these strategies due to the lack of technical expertise within their workforce. This skills gap poses a significant obstacle to effective implementation and may hinder market growth. Cloud computing facilitates real-time data collection and analysis, allowing for quicker responses to potential issues.
To capitalize on the opportunities presented by predictive maintenance and quality control, industrial services providers must invest in upskilling their workforce or partnering with specialized technology companies. By addressing these challenges and embracing technological advancements, companies can differentiate themselves in a competitive market and deliver superior value to their clients. For instance, a leading manufacturing company reported a 15% reduction in maintenance costs by implementing a predictive maintenance system and integrating smart sensor technologies into their operations.

What will be the Size of the Industrial Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the adoption of advanced technologies and strategies to optimize operations and enhance efficiency across various sectors. Preventative maintenance strategies, fueled by predictive modeling techniques and machine learning models, are increasingly prioritized to minimize downtime and extend equipment lifecycle. Advanced analytics techniques, such as time-series forecasting models and performance monitoring tools, provide valuable insights into industrial processes, enabling process optimization and energy efficiency audits. Cloud-based service platforms offer remote diagnostics capabilities, safety compliance audits, and field service management, ensuring industrial automation solutions operate at optimal levels.

Industrial IoT platforms facilitate remote asset monitoring and robotics integration services, enabling AI-driven maintenance and operational efficiency metrics to be tracked in real-time. Risk management protocols, including predictive maintenance systems and automated inspection systems, minimize potential hazards and ensure regulatory compliance. According to recent industry reports, the market is expected to grow by over 5% annually, driven by the increasing demand for operational excellence and digital transformation in manufacturing and energy sectors. Inventory management systems, integrated with digital twin technology and real-time equipment tracking, enable just-in-time supply chain optimization.

How is this Industrial Services Industry segmented?

The industrial services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Oil and gas
  Chemicals
  Aerospace
  Automotive
  Others


Type

  Engineering and consulting
  Installation and commissioning
  Operational improvement and maintenance


Application

  Distributed control system
  Programmable controller logic
  Supervisory control and data acquisition
  Electric motors and drives
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The Oil and gas segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing adoption of preventative maintenance strategies and advanced analytics techniques. Cloud-based service platforms and digital twin technology enable real-time equipment tracking and predictive maintenance systems, reducing downtime and optimizing operational efficiency. Inventory management systems and machine learning models facilitate just-in-time supply chain optimization and energy efficiency audits. Safety compliance audits and risk management protocols ensure regulatory adherence and minimize potential hazards. Industrial automation solutions, including robotics integration services and automated inspection systems, streamline processes and enhance productivity.

Asset performance management and process optimization techniques optimiz

The United States Industrial Wood Coatings Market Report is Segmented by Resin Type (Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, and Others), Technology (Water-Borne, Solvent-Borne, UV-Curable, and Powder), and End-User Industry (Wooden Furniture, Joinery, Flooring and Decking, and Others). The Market Forecasts are Provided in Terms of Volume (Tons).

United States (US) Industrial Furnaces Market is expected to grow during 2022-2031

The North America Industrial Waste Management Market report segments the industry into By Type (Construction and Demolition Waste, Manufacturing Waste, Oil and Gas Waste, Other Waste (Chemical Waste, Mining Waste, Agriculture Waste, Nuclear Waste)), By Service (Recycling, Landfill, Incineration, Other Services), and By Country (United States, Canada, Rest of North America).

The size of the North America Industrial Manufacturing Industry market was valued at USD 58.35 Million in 2023 and is projected to reach USD 91.39 Million by 2032, with an expected CAGR of 6.62% during the forecast period. Recent developments include: June 2023: Honeywell, an American global company, and LG CNS are collaborating further to increase smart factories' production efficiency and security. Through this collaboration, the two companies will expand cooperation in building smart factories at home and abroad and strengthen OT (Operating Technology) security, which monitors the production process in real-time and remotely controls facilities., March 2023: LG Energy Solution announced an investment of around KRW 7.2 trillion (USD 5.5 billion) in building a battery manufacturing hub in Queen Creek, Arizona. This hub will include two facilities: one for making cylindrical batteries for electric vehicles (EVs) and another for producing lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)., October 2022: Emerson announced the evolution of Plantweb, a digital ecosystem incorporating the AspenTech portfolio of asset optimization software powered by industrial artificial intelligence, creating the industry's most comprehensive digital transformation portfolio. Moreover, its Plantweb digital ecosystem, optimized by AspenTech, enables industrial manufacturers across all sectors to "See, Decide, Act, and Optimize" their operations.. Key drivers for this market are: Increasing Demand for Automation to Achieve Efficiency and Quality, Need for Compliance and Government Support for Digitization; Proliferation of Internet of Things. Potential restraints include: Concerns Regarding Data Security, High Initial Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption. Notable trends are: Robotics is Expected to Witness Significant Growth.

The U.S. Industrial Fasteners Market size was valued at USD 17.23 billion in 2023 and is projected to reach USD 35.32 billion by 2032, exhibiting a CAGR of 10.8 % during the forecasts period.

The North America Factory Automation and Industrial Controls Market Report is Segmented by Type (Industrial Control Systems and Field Devices), Component (Hardware, Software, and Services), Deployment Mode (On-Premise, Cloud, and Edge), End-User Industry (Oil and Gas, Chemical and Petrochemical, Power and Utilities, and More), and Country. The Market Forecasts are Provided in Terms of Value (USD).

The U.S. Industrial Boiler Market size was valued at USD 1.27 billion in 2023 and is projected to reach USD 1.54 billion by 2032, exhibiting a CAGR of 2.8 % during the forecasts period.

The Us Industrial Mainboards is projected to be valued at $5 billion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 8%, reaching approximately $11 billion by 2034.

The United States industrial gas market was valued at USD 26.31 Billion in 2024. The industry is expected to grow at a CAGR of 7.10% during the forecast period of 2025-2034 to attain a valuation of USD 52.24 Billion by 2034.

North America Sand and Gravel Industrial market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

U.S Contract Manufacturing Services Market size is valued at around USD 218.22 billion in 2025 and is projected to reach USD 253.44 billion by 2032 at 2.16% CAGR during 2026-32.

Among the ** markets with the largest industrial and logistics real estate inventory in the U.S., Orange County, CA, had the highest rental rate in the first quarter of 2025. The square footage rent of warehouse and distribution centers was ***** U.S. dollars, while for manufacturing sites it was ***** U.S. dollars. In the largest market, Chicago, IL, rents were significantly lower, at ****U.S. dollars.

The U.S. Industrial Cleaning Chemicals market size was estimated at USD 17.21 billion in 2024 and is anticipated to grow at a CAGR of 5.3% from 2025 to 2034.

Industrial Production in the United States increased 0.10 percent in August of 2025 over the previous month. This dataset provides the latest reported value for - United States Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.