PUBLISHER: The Business Research Company | PRODUCT CODE: 1932744
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932744
Machines are equipment with moving parts operated mechanically, electrically, or electronically to perform tasks.
Primary types include automatic and semi-automatic. Automatic machinery functions without human intervention, varying in sizes - small, medium, and large. Applications span automotive, precision engineering, transport, and other sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the machinery market by increasing the cost of imported motors, gearboxes, control systems, structural steel components, and industrial electronics. Manufacturing and construction sectors in North America and Europe are particularly affected due to dependence on imported machinery subsystems, while Asia-Pacific exporters face margin pressure. These tariffs are increasing equipment procurement costs and delaying modernization projects. However, they are also encouraging domestic machinery manufacturing, regional supplier development, and innovation in energy-efficient and modular machinery designs.
The machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The machinery market size has grown strongly in recent years. It will grow from $4001.19 billion in 2025 to $4234.35 billion 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 $5503.39 billion 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.
Machinery Market Global Report 2026 from The Business Research Company 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.
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 from the Business Research Company 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.
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