Gitnux/Report 2026

Equipment Manufacturing Industry Statistics

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Equipment Manufacturing Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The equipment manufacturing industry at a glance

The global industrial machinery market was valued at $745.6 billion in 2025 and is expanding as automation, semiconductor investment, infrastructure spending and supply-chain localization support equipment demand.

$745.6B[91]
Global market size, 2025
5.1%[91]
Forecast CAGR, 2026–2035
45.0%[92]
Asia-Pacific share, 2025
2.2M[66]
U.S. jobs supported, 2025
Market size
The global industrial machinery market reached $745.6 billion in 2025 and is projected to reach $790.4 billion in 2026. In the United States, off-highway equipment manufacturing generated $902 billion in total sales activity in 2025.[91][66]
Forecast & CAGR
Global industrial machinery revenue is forecast to grow at a 5.1% compound annual growth rate from 2026 to 2035, reaching $1.23 trillion by 2035. A separate estimate places the market at $1.24 trillion by 2033, reflecting differences in market scope and methodology.[91][92]
Market share & regions
Asia-Pacific was the largest regional market, accounting for 45.0% of global industrial machinery revenue in 2025. The EU machinery and equipment manufacturing market was estimated at approximately €738 billion in 2025.[92][23]
Segmentation
Semi-automatic machinery held the largest technology share at 41.6% in 2025, while direct sales represented 58.6% of distribution revenue. Metalworking and general manufacturing was the largest application segment, with a 21.7% share.[92]
Key players & concentration
Deere & Company was the leading company in the global industrial machinery market with more than 5% share in 2025. The five leading companies—Deere, Caterpillar, Komatsu, CNH Industrial and Kubota—held a combined 16% share.[91]
Pricing
U.S. producer prices for general-purpose machinery and equipment rose from an annual average index of 358.370 in 2025 to 382.178 in September 2026, while the mechanical power transmission equipment index reached 434.811 in September 2026. These indexes indicate continued pricing pressure across major equipment categories.[39]
Trends, drivers & challenges
Demand is being supported by factory automation, connected machinery, predictive maintenance, infrastructure investment, semiconductor capacity expansion and supply-chain localization. Manufacturers also face tariff uncertainty, higher insurance costs and delayed capital-equipment purchases in construction, agriculture and processing markets.[92][5][93]
Consumer behavior & competition
Equipment purchasing is concentrated among industrial, construction, agricultural, energy, mining and process-industry customers, with direct sales accounting for 58.6% of global machinery distribution revenue in 2025. Competition is increasingly based on automation, energy efficiency, lifecycle services, digital connectivity and access to replacement parts.[92][91]
M&A
Industrial manufacturing M&A in the second quarter of 2026 was characterized by selective consolidation, including deals designed to broaden component platforms, expand aftermarket reach and add technology exposure. Notable transactions cited by KPMG included Dana’s planned combination with Eaton’s Mobility business and Patrick Industries’ all-stock merger with LCI Industries.[5]
Regulation
U.S. equipment manufacturers and users must comply with OSHA machine-guarding requirements, including 29 CFR 1910.212, as well as lockout/tagout requirements under 29 CFR 1910.147. OSHA standards address point-of-operation guarding, moving parts, electrical hazards and hazardous-energy control.[94]
Latest news
In November 2026, semiconductor manufacturers and community colleges were expanding technician-training programs to address labor shortages in chip production and equipment maintenance. Separately, GE Vernova announced a planned $9 billion acquisition of high-voltage equipment supplier Trench Group, with closing expected in late 2027.[95][96]

02 Ranking

Top 10 Companies in the Equipment Manufacturing Industry

The leading companies in the equipment manufacturing industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

ASML leads Gitnux's 2026 equipment manufacturing ranking with an Overall score of 9.5, with revenue growth 15.6% and R&D 14.4% of revenue. Schneider Electric is the highest-ranked electrical and automation equipment maker at 9.4, driven by revenue growth 9% with R&D 5.6% of revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in semiconductor equipment

    ASML

    NL

    Ranked #1 · 9.5 · Semiconductor equipment

    Why we picked it: Its semiconductor manufacturing equipment spans lithography, metrology and inspection systems, paired with 15.6% revenue growth.

    See in ranking ↓Visit asml.com ↗

  2. Leader in industrial electrification & automation

    Schneider Electric

    FR

    Ranked #2 · 9.4 · Industrial electrification & automation

    Why we picked it: Its electrical and automation equipment includes electrification, industrial automation, and buildings and data centers.

    See in ranking ↓Visit se.com ↗

  3. Leader in power-management equipment

    Eaton

    IE

    Ranked #3 · 9.1 · Power-management equipment

    Why we picked it: Its electrical, power-management and aerospace equipment lines tie to 10% revenue growth.

    See in ranking ↓Visit eaton.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the equipment manufacturing industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

ASML

Semiconductor equipment · NL

9.5
2

Schneider Electric

Industrial electrification & automation · FR

9.4
3

Eaton

Power-management equipment · IE

9.1
4

Siemens

Industrial electrification & automation · DE

9.1
5

Trane Technologies

HVAC & climate-control · IE

9.1
6

Daikin Industries

Air conditioning & refrigeration · JP

8.8
7

Mitsubishi Heavy Industries

Industrial machinery & systems · JP

8.8
8

Atlas Copco

Industrial machinery & systems · SE

8.2
9

Komatsu

Industrial machinery & systems · JP

8.2
10

ABB

Industrial electrification & automation · CH

8.0

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 10 companies in the equipment manufacturing industry. In Equipment Manufacturing Industry Statistics. Gitnux. https://gitnux.org/equipment-manufacturing-industry-statistics/#top-companies

report visual · Projection

U.S. manufacturers' value of machinery shipments

U.S. manufacturers' value of machinery shipments grew from $445.5B in 2022 to $463.6B in 2025.

$445.5B
Start
+1.33%
CAGR · 3y
$463.5B
Projected
20222025
source-verifiedfred.stlouisfed.org2025

03 Statistics

Technology & Innovation

AI use spreads across maintenance, installation, and analytics workflows, with 17% of manufacturers deploying AI for equipment maintenance or installation in 2025 survey results.

AI in the equipment manufacturing industry

  • 1.5% of manufacturing enterprises used AI-enabled robot automation in 2024, according to OECD analysis.[1]
  • More than 80% of U.S. manufacturers expect to increase their AI use within two years, according to a 2025 industry infographic.[2]
  • 2.7% of manufacturing enterprises used AI-based image recognition or image processing in 2024, according to OECD analysis.[1]
  • 17% of manufacturers deploy AI for equipment maintenance or installation, according to a 2025 industry survey.[2]
  • 46% of U.S. manufacturers use AI tools such as chatbots in manufacturing operations, according to 2025 reporting.[2]
  • 78% of manufacturers said their AI initiatives were part of the company’s overall digital-transformation strategy in a 2024 survey.[3]

Automation in the equipment manufacturing industry

  • 443 senior industrial-manufacturing executives across 24 territories participated in PwC’s 2026 automation and technology outlook survey.[4]
  • 15% of global industrial-manufacturing executives identified automation as a major technology investment priority in PwC’s 2026 outlook survey.[4]
  • Industrial manufacturers plan to more than double automation of key processes by 2030, according to PwC’s 2026 sector outlook.[4]

Digital Transformation in the industrial manufacturing sector (sector benchmark)

  • 76% of industrial-manufacturing firms across 26 countries reported that their workforce had an appetite to embrace cutting-edge technology in 2024.[5]
  • 24% of companies across the European Industrial Ecosystem had a concrete digital-transformation strategy in 2024.[6]
  • 32% of U.S. industrial-products respondents said their operations-technology investments had delivered expected results in 2024.[4]
  • 34% of industrial-manufacturing organizations across 26 countries had achieved return on investment from multiple AI use cases in 2024.[5]

Technology Adoption in the industrial manufacturing sector (sector benchmark)

  • 37% of industrial-manufacturing organizations were proactive in advancing AI and automation strategies in 2024.[7]
  • 31% of industrial-manufacturing organizations were proactive in advancing modern-delivery technologies, including low-code and no-code, in 2024.[7]
  • 35% of industrial-manufacturing organizations were proactive in advancing data-and-analytics strategies in 2024.[7]
  • 30% of industrial-manufacturing organizations were proactive in advancing edge-computing strategies in 2024.[7]

Cloud Computing in the industrial manufacturing sector (sector benchmark)

  • 87% of Finnish manufacturing enterprises used cloud computing in 2023.[1]
  • 54% of EU manufacturing enterprises used paid cloud-computing services in 2025, up from approximately 45% in 2023.[8]
  • 39% of industrial-manufacturing organizations were proactive in advancing XaaS technologies, including public and multicloud, in 2024.[7]
  • 87% of Australian manufacturing enterprises used cloud computing in 2022.[1]

Big Data in the industrial manufacturing sector (sector benchmark)

  • 67% of manufacturers surveyed in the United States, Germany and Malaysia could collect and analyze data in near real time in 2024.[9]
  • 16.2% of businesses in the European Industrial Ecosystem used big-data technologies in 2024.[6]
  • 70% of manufacturers still collected data manually in 2024, according to a Manufacturing Leadership Council survey reported by the National Association of Manufacturers.[10]
  • 33% of manufacturers surveyed were performing prescriptive analytics in 2024, according to ABI Research’s survey of 461 manufacturing decision makers.[9]
  • 28% of manufacturing survey respondents were implementing big-data processing in 2024, up 7 percentage points from 2023, according to an Auburn University study of 97 participants.[11]
  • 57% of manufacturers used some form of artificial intelligence to analyze collected manufacturing data in 2024.[12]

IoT in the industrial manufacturing sector (sector benchmark)

  • 11.1% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2023.[6]
  • 81% of manufacturing leaders surveyed identified data and analytics for process improvement as an important technology use case, while IoT for predictive maintenance ranked among the leading use cases in 2024.[13]
  • 27.6% of businesses in the European Industrial Ecosystem used Internet of Things technologies in 2024.[6]

04 Statistics

Data & Analytics

Data model readiness remains a limiting factor: 51% report data siloing in 2025 and 44% say AI projects failed because of poor data quality in 2025.

Business intelligence in the equipment manufacturing industry

  • 62% of manufacturers used shop-floor analytics in 2024.[12]
  • 35% of manufacturers used cloud analytics in 2024.[12]
  • 57% of manufacturers used some form of artificial intelligence to analyze collected data in 2024.[12]
  • 66% of manufacturers used statistical-analysis programs or standard business-intelligence systems in 2024.[12]
  • 56% of manufacturers collected at least half of their manufacturing data in real time or near real time in 2024.[12]
  • 74% of manufacturing leaders invested in industrial-intelligence solutions in the 2024 AVEVA survey.[14]

Data analytics in the equipment manufacturing industry

  • 67% of manufacturers in the United States, Germany and Malaysia could collect and analyze data in near real time in 2024.[9]
  • 72% of manufacturing organizations were deploying or had fully deployed data analytics for process improvement in 2024.[15]
  • 60% of manufacturers in the United States, Germany and Malaysia could collect and normalize data from assets or equipment in 2024.[9]
  • 57% of manufacturers used artificial intelligence to analyze manufacturing data in 2024.[12]
  • 81% of manufacturing leaders ranked data analytics for process improvement as their most important technology use case in 2024.[15]
  • 73% of manufacturers in the United States, Germany and Malaysia used APIs for deeper analytics integrations in 2024.[9]

Data Quality in the industrial manufacturing sector (sector benchmark)

  • 41% of manufacturers surveyed distrusted the data used for supply-chain operations in 2025.[16]
  • 51% of manufacturers surveyed said their data was siloed across disparate tools and systems in 2025.[16]
  • 61% of manufacturing leaders agreed that poor data quality limited adoption and optimization of emerging technologies in 2025.[17]
  • 44% of manufacturers surveyed reported that AI projects had failed because of poor data quality in 2025.[16]
  • 30% of manufacturers identified poor data quality as a technical barrier to improving processes in 2025.[17]
  • 54% of manufacturers surveyed had duplicate data in several systems in 2025.[16]

Data Governance in the industrial manufacturing sector (sector benchmark)

  • 15% of manufacturers surveyed said their data strategy was entirely aligned with their overall business strategy in 2024.[12]
  • 22% of manufacturers surveyed included data collection, management or analysis in executive incentives, KPIs or business imperatives in 2024.[12]
  • 58% of manufacturers surveyed assigned primary data-governance responsibility to a C-suite or senior leader in 2024.[12]
  • 61% of manufacturers surveyed had a corporate-wide governance plan, strategy or formal data-management guidelines in 2024.[12]

KPIs in the equipment manufacturing industry

  • 37% of manufacturing respondents rated first-pass yield as a very important KPI in 2026.[18]
  • 40% of manufacturing respondents rated manufacturing cost as a very important KPI in 2026.[18]
  • 35% of manufacturing respondents rated customer return rate as a very important KPI in 2026.[18]
  • 45% of manufacturing respondents rated overall equipment effectiveness as a very important KPI in 2026.[18]
  • 41% of manufacturing respondents rated uptime or availability as a very important KPI in 2026.[18]
  • 41% of manufacturing respondents rated profitability as a very important KPI in 2026.[18]

05 Statistics

Strategy & Growth

Industrial manufacturing M&A stayed active into mid-2026, reaching $173 billion over the year reported through June 2026, up 28% from fiscal 2025.

Growth in the equipment manufacturing industry

  • €1,302.4 million was Koenig & Bauer’s 2025 revenue, up 2.2% from 2024.[19]
  • North American industrials and chemicals M&A deal volume increased 33% in 2025 to $264.4 billion from $198.4 billion in 2024.[20]
  • Kawasaki’s China hydraulic-equipment joint venture targeted revenue above RMB10 billion in fiscal 2026.[21]
  • Manufacturing value added grew 2.9% globally in 2024, according to UNIDO’s industrial statistics.[22]
  • EU machinery and equipment manufacturers generated an estimated €900 billion of turnover in 2025.[23]
  • Industrial manufacturing M&A value reached $173 billion over the year reported through June 2026, up 28% from fiscal 2025.[4]

Differentiation in the equipment manufacturing industry

  • Gates Industrial used aftermarket exposure, local field expertise and regional distribution networks as elements of its 2025 market positioning.[24]
  • AGCO launched FarmerCore in 2024 around three pillars: on-farm experience, smart network coverage and digital engagement.[25]
  • Kawasaki identified differentiated hydraulic technology as a basis for potential long-term sales growth in China in 2024.[21]
  • Endress+Hauser invested approximately 7% of annual revenue in research and development and generated 200–300 new patents per year, according to reported company figures.[26]
  • Helios Technologies described its customer-designed hardware and software as unique system-level products that cannot easily be replaced by switching components in 2024.[24]
  • Alliance Laundry Systems cited machine quality, customer insight and trained support teams as reasons distributors viewed it as a vendor of choice in 2025.[27]

Mergers and acquisitions in the equipment manufacturing industry

  • Industrial manufacturing M&A reached $173 billion in the year through June 2026, up 28% from fiscal 2025.[4]
  • Industrial M&A deal values rose 19% year over year in 2025, according to EdgePoint.[28]
  • Cross-border industrial deal count declined to 94 transactions in 2025, while average deal size increased to $389 million.[29]
  • Transactions above $5 billion represented 56% of industrial-manufacturing M&A value in the year through June 2026.[4]
  • Industrial automation recorded 295 M&A transactions in 2024 across the United States and Europe.[30]
  • North American industrials and chemicals M&A totaled $264.4 billion across 2,091 transactions in 2025.[20]

Strategic partnerships in the equipment manufacturing industry

  • Wacker Neuson had cooperated with John Deere since 2017 to distribute Kramer telehandlers and wheel loaders for agriculture in the United States.[31]
  • Alliance Laundry Systems’ ten largest distributor partners generated approximately 25% of company revenue in 2024.[27]
  • AGCO used independent dealers, distributors, associates and licensees as external partners to sell and support equipment in 2024.[25]
  • Alliance Laundry Systems generated approximately 72% of global revenue through independent third-party distributors in 2024.[27]
  • Kawasaki held a 49% stake in its hydraulic-equipment joint venture with Yantai Eddie Precision Machinery established in China in 2024.[21]
  • Wacker Neuson distributed the Weidemann and Kramer brands almost exclusively through dealers and importers in 2024.[32]

06 Statistics

People & Workforce

Workforce constraints show up as a delivery risk, with 69.2% of Texas manufacturers citing lack of technical competencies as a hiring impediment in July 2025.

Hiring in the equipment manufacturing industry

  • 28% of U.S. manufacturers said talent shortages could slow or significantly delay reshoring efforts in 2025.[33]
  • 49,000 manufacturing jobs were vacant in the United Kingdom at the end of April 2025, according to industry reporting.[34]
  • 68% of manufacturers said hiring new talent was their main method for building digital skills and capabilities in a 2025 smart-manufacturing survey.[3]
  • 7.3% was the 2024 EU job-vacancy rate for manufacturing labourers, according to Eurostat.[8]
  • 69.2% of Texas manufacturers cited a lack of technical competencies as a hiring impediment in July 2025.[35]

Employee retention in the equipment manufacturing industry

  • 9% of employers in the manufacturing industry were worried about talent retention worsening, according to the World Economic Forum’s 2025 industry analysis.[36]
  • 58% of manufacturing employers reported increased total employee productivity in the 2024 Manufacturing Talent Trends survey.[37]
  • 27% of digitally mature design-and-manufacturing companies reported improved talent acquisition and retention from digital transformation, versus 17% of less mature companies.[38]
  • More than 40% of Gen Z employees in manufacturing were considering leaving their jobs within three to six months, according to a 2025 industrial-workforce study.[36]

Remote Work in the industrial manufacturing sector (sector benchmark)

  • Across U.S. manufacturing, teleworked hours represented 12.2% of total hours worked in 2025.[39]
  • Across U.S. manufacturing, 19% of workers worked remotely, including hybrid and fully remote arrangements, during October 2023–September 2024.[40]
  • Across U.S. manufacturing, 35.2% of surveyed workers reported remote work in the Chicago Fed Survey of Economic Conditions from July 2021 through March 2024.[41]
  • Across U.S. manufacturing, 36.9% of workers could work at home and 33.3% actually did so during 2024–2025.[39]

Hybrid Work in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing employers, 67% identified productivity as a key factor driving pressure to return to the office in 2025.[42]
  • Across manufacturing employers, 80% said their organizations were still struggling to balance hybrid working in 2025.[42]
  • Across manufacturing companies, 17% were fully back in the office for non-production employees in 2025.[43]
  • Across manufacturing companies, 79% operated a hybrid model for non-production employees in 2025.[43]
  • Across manufacturing companies, the average required office attendance reached 2.82 days per week in the second quarter of 2025.[43]

Upskilling in the equipment manufacturing industry

  • Only 8% of U.S. manufacturers said they were doing enough to reskill the workforce in 2025.[33]
  • 36% of U.S. manufacturing employers identified legacy-equipment skills as a key applicant gap in 2025.[33]
  • 63% of U.S. manufacturing employers identified problem-solving as a key skills gap among new job applicants in 2025.[33]
  • 46% of industrial-manufacturing leaders were partnering with local institutions for training programs in a 2026 workforce survey.[44]
  • 57% of industrial-manufacturing leaders were prioritizing employee mentorship in a 2026 workforce survey.[44]

Employee Engagement in the industrial manufacturing sector (sector benchmark)

  • Across manufacturing companies, 48% of respondents said most frontline workers were engaged in their jobs in 2023.[4]
  • Across manufacturing companies, 70% of respondents said most non-frontline employees were engaged in their jobs in 2023.[4]
  • Across manufacturing, distribution and storage organizations, the average employee-engagement score was 72.9% in 2026.[45]
  • Across manufacturing companies, 41% identified employee recognition as a high priority in 2024.[46]
  • Across manufacturing, distribution and storage organizations, 84.2% of employees said they cared about their organization’s future in 2026.[45]

DEI in the equipment manufacturing industry

  • 46% of manufacturing-industry employers aimed to reduce wage inequalities, according to the World Economic Forum’s 2025 industry analysis.[36]
  • One-third of companies in the manufacturing industry had no diversity, equity, and inclusion program, according to the World Economic Forum’s 2025 industry analysis.[36]

07 Statistics

Customer & Sales

Lifecycle measurement is widespread: 70% of manufacturing organizations track product uptime in 2024, with 73% tracking customer-service resolution time.

Customer experience in the equipment manufacturing industry

  • 85% of equipment manufacturers reported selling at least some lifecycle services, according to a study of equipment manufacturers.[47]
  • 70% of manufacturing organizations track product uptime, while 39% exceed their goals, according to a 2024 global manufacturing survey.[48]
  • 75% of manufacturing organizations track customer satisfaction metrics, while 44% exceed their goals, according to a 2024 global manufacturing survey.[48]
  • 71% of manufacturing organizations track customer-service resolution time, while 42% exceed their goals, according to a 2024 global manufacturing survey.[48]
  • 73% of equipment manufacturers with comprehensive lifecycle services reported machine availability at customer sites, compared with 68% among other equipment manufacturers.[47]

Customer retention in the equipment manufacturing industry

  • 23% of industrial equipment manufacturers reported customer retention rates of 80% or lower in a U.S. industry study.[49]
  • 70% was the lifecycle-service renewal rate among equipment manufacturers outside the comprehensive-service group.[47]
  • 77% was the renewal rate for lifecycle services among equipment manufacturers providing comprehensive services to more than half of their installed base.[47]
  • 71% was the reported customer-retention rate for equipment manufacturers outside the comprehensive-lifecycle-service group.[47]
  • 95% was the median year-to-year customer retention rate among U.S. industrial equipment manufacturers in an industry study.[49]

Customer acquisition in the equipment manufacturing industry

  • 23% of manufacturers generated sales-qualified leads through virtual events in the 2022 IndustrialSage survey.[50]
  • 27% of manufacturers generated sales-qualified leads through video advertising in the 2022 IndustrialSage survey.[50]
  • 98% of manufacturers generated sales-qualified leads through digital marketing in the 2022 IndustrialSage survey.[50]
  • 34% of manufacturers generated sales-qualified leads through blogs in the 2022 IndustrialSage survey.[50]
  • 69% of manufacturers generated sales-qualified leads through organic search traffic in the 2022 IndustrialSage survey.[50]

Lead generation in the equipment manufacturing industry

  • 39% of equipment manufacturers used paid social-media advertising in a 2021 digital-marketing survey.[51]
  • 82% of equipment manufacturers used non-paid social-media posting in a 2021 digital-marketing survey.[51]
  • 46% of equipment manufacturers used paid-search advertising in a 2021 digital-marketing survey.[51]
  • 82% of equipment manufacturers used email marketing in a 2021 digital-marketing survey.[51]
  • 65% of equipment manufacturers used video marketing in a 2021 digital-marketing survey.[51]

08 Statistics

Marketing & Brand

Lead generation in equipment manufacturing relies heavily on digital channels; 98% of manufacturers generated sales-qualified leads through digital marketing in the 2022 IndustrialSage survey.

Marketing in the equipment manufacturing industry

  • 26% of pipeline came from branding through search-engine marketing among manufacturing and distribution firms in an Alexander Group study.[52]
  • 40% of functional pipeline development was attributed to marketing functions among winning manufacturing and distribution demand-generation programs.[52]
  • 23.5% of pipeline came from distributors and dealers among manufacturing and distribution firms in an Alexander Group study.[52]
  • 1%–3% of manufacturing companies’ business revenue was spent on marketing in the 2025 Manufacturing State of the Industry report.[53]
  • 23% was the year-over-year increase in demand-generation investment reported by top manufacturing and distribution firms.[52]

Digital marketing in the equipment manufacturing industry

  • 77% of equipment manufacturers used content marketing in 2021.[51]
  • 13% of equipment manufacturers used chatbots in 2021.[51]
  • 82% of equipment manufacturers used non-paid social-media posting in 2021.[51]
  • 46% of equipment manufacturers used paid-search advertising in 2021.[51]
  • 68% of equipment manufacturers used SEO in 2021.[51]

Social media in the equipment manufacturing industry

  • 3% of manufacturers and other industrial companies ranked social media among their top three lead-generation sources in a 2011 survey.[54]
  • 57% of manufacturers and other industrial companies used social media to reach customers and prospects in a 2011 survey.[54]

Influencer Marketing in the industrial manufacturing sector (sector benchmark)

  • Across B2B companies, 28% ranked thought leaders or industry analysts as the most effective influencer type in 2025; global survey scope.[55]
  • Across B2B companies, 55% of marketers used influencers in 2025, providing a benchmark applicable to industrial manufacturing marketers.[55]
  • Across B2B companies, 76% of marketing leaders said creator collaboration helps build brand authenticity in 2025; global survey scope.[55]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in 2025; global survey scope.[55]
  • Across B2B companies, 43% of marketers planned to increase influencer investment in the following year in 2025; global survey scope.[55]

09 Statistics

Operations & Execution

Execution performance varies, with 37% of surveyed plants reporting equipment mean time between failures of 24 hours or less in 2024.

Process optimization in the equipment manufacturing industry

  • 64% of surveyed manufacturing SMEs identified machinery and equipment suppliers as their primary source of information about manufacturing processes.[56]
  • 61% of surveyed manufacturing SMEs had no program for analyzing equipment breakdowns.[56]
  • 37% of surveyed manufacturing plants reported average equipment mean time between failures of 24 hours or less in 2024.[49]
  • 69% of surveyed manufacturing SMEs reported that their manufacturing technology had been developed by their own company.[56]
  • 70% of surveyed manufacturing SMEs monitored the availability of their main equipment, according to a Canadian manufacturing-process study.[56]

Operational efficiency in the equipment manufacturing industry

  • Hours worked in U.S. electric-lighting-equipment manufacturing declined 21.2% in 2024.[39]
  • Labor productivity in U.S. computer and electronic-products manufacturing increased 2.2% in 2024.[39]
  • 37% of surveyed plants reported equipment mean time between failures of 24 hours or less in 2024.[49]
  • Labor productivity in U.S. electronic-instruments manufacturing rose 2.8% in 2024.[39]
  • U.S. manufacturing capacity utilization was 75.5% in 2024.[57]

Quality management in the equipment manufacturing industry

  • 22% of surveyed U.S. manufacturers cited inefficient or outdated technology as a quality-management challenge in 2025.[58]
  • 47% of surveyed U.S. manufacturers identified lack of skilled personnel as a quality-management challenge in 2025.[58]
  • Electrical components and rotating equipment had an approximately 2% non-conformance-report rate in Intertek inspection data.[59]
  • 13% of surveyed U.S. manufacturers cited poor data-analysis capabilities as a quality-management challenge in 2025.[58]
  • 47% of surveyed U.S. manufacturers identified time-consuming inspection processes as a quality-management challenge in 2025.[58]

Supply chain in the equipment manufacturing industry

  • U.S. manufacturing imported 18.7% of its intermediate goods and services in 2023.[2]
  • Mexico supplied 1.5% of U.S. manufacturing supply-chain inputs in 2023.[2]
  • Canada supplied 3.1% of U.S. manufacturing supply-chain inputs in 2023.[2]
  • China supplied 1.8% of U.S. manufacturing supply-chain inputs in 2023.[2]
  • 11.6% of U.S. manufacturing output was of foreign origin in 2023.[2]

Outsourcing / Offshoring in the industrial manufacturing sector (sector benchmark)

  • Across EU enterprises engaged in international sourcing during 2021–2023, 37% operated in manufacturing, the largest sector share among sourcing enterprises.[8]
  • Across global manufacturing, 56% of executives in 2025 said their organization had invested in nearshoring or a combination of reshoring and nearshoring.[60]
  • Across EU enterprises sourcing abroad during 2021–2023, 39% outsourced business functions to external providers, while 72% used affiliated enterprises abroad for insourcing.[8]
  • Across global manufacturing, executives expected offshore facilities to decline to 28% within three years of 2025, while onshore facilities rise to 48%.[60]
  • Across global manufacturing, 73% of executives in 2025 believed friendshoring would represent a significant share of future sourcing and production.[60]

10 Statistics

Finance & Pricing

Pricing pressure persisted into 2026, with U.S. producer prices for general-purpose machinery rising from 358.370 in 2025 to 382.178 in September 2026.

Pricing strategy in the equipment manufacturing industry

  • Suzumo Machinery raised tabletop-machine prices by 7% to 10% for orders received from April 1, 2024.[61]
  • Lancer Worldwide announced a 3% increase for equipment and parts prices effective January 1, 2025.[62]
  • Manufacturing raw-material prices paid increased 3.0% on average during 2024, according to ISM respondents.[63]
  • Manufacturers reporting lower prices in 2024 reported an average decrease of 6.0%.[63]
  • Suzumo Machinery raised parts prices by 20% for orders received from April 1, 2024.[61]

Cost reduction in the equipment manufacturing industry

  • Two-thirds of surveyed manufacturers planned to increase capital-equipment spending after the 2024 study period.[49]
  • TTI reduced inventory days on hand by 7 days to 102 days at the end of 2024.[64]
  • AAON reported aluminum prices decreased 1.6% in 2024 compared with 2023.[65]
  • TTI said vendor localization and supply-chain-efficiency initiatives contributed to its 2024 inventory reduction.[64]
  • AAON awarded annual merit wage increases totaling 3.3% in March 2024.[65]

Profitability in the equipment manufacturing industry

  • U.S. manufacturing net stock consisted of 31.6% equipment in 2024.[2]
  • U.S. off-highway equipment manufacturing generated $902 billion in total sales activity in 2025.[66]
  • Worldwide wafer-processing-equipment sales increased 9% in 2024.[67]
  • U.S. off-highway equipment manufacturing supported 2.2 million jobs in 2025.[66]
  • Global semiconductor-manufacturing-equipment sales reached $117.1 billion in 2024, up 10% from 2023.[67]

Financial planning in the equipment manufacturing industry

  • Plants expecting higher quality spending planned an average 19% increase in the 2025 quality-capital-spending survey.[68]
  • 58% of plants increasing quality budgets cited scrap and rework reduction as a reason in the 2025 survey.[68]
  • 43% of manufacturing plants expected to increase quality spending in the 2025 quality-capital-spending survey.[68]
  • 60% of plants increasing quality budgets cited productivity improvement as a reason in the 2025 survey.[68]
  • 70% of manufacturers expected to increase spending on software after the 2024 MPI study.[49]

11 Statistics

Product & Service

Service monetization is still early, with 4% of industrial companies generating recurring revenue from digital services linked to their equipment in 2025.

Product development in the equipment manufacturing industry

  • 45% of Ohio manufacturers launched a new product in 2025, down from 58% in 2023.[69]
  • 26% of manufacturing respondents expected digital twins to make physical prototyping obsolete within five to six years.[70]
  • 47% of industrial companies actively used industrial-metaverse technologies in product development and R&D innovation projects in 2024.[71]
  • 60% of Ohio manufacturers reported investing in new product or service innovation in 2025.[69]
  • 29% of Ohio manufacturers ranked new product development among their top three priorities for 2026.[69]

Product lifecycle in the equipment manufacturing industry

  • 36% of organizations were piloting or planning digital twins for performance monitoring within the following year.[72]
  • 86% of manufacturing respondents were using or planning to use digital twins for sustainability objectives in 2023.[70]
  • 61% of manufacturing respondents were using digital twins in asset-management programs in the 2026 Asset Lifecycle Report survey.[73]
  • 62% of manufacturing respondents were using AI in asset-management programs in the 2026 Asset Lifecycle Report survey.[73]
  • Nearly 40% of surveyed organizations had implemented digital twins to enable connected products.[72]

After-sales in the equipment manufacturing industry

  • About one-third of industrial companies rated incident handling and employee training as best-in-class digital services in 2025.[74]
  • Aftermarket services delivered margins more than two times higher than equipment sales alone for industrial manufacturers in 2026.[3]
  • 4% of industrial companies had succeeded in generating recurring revenue from digital services linked to their equipment in 2025.[74]
  • 25% of surveyed industrial companies considered themselves leaders in service delivery and support in 2025.[74]
  • 42% gross margins and approximately 20% EBIT were reported for industrial manufacturers’ services in 2025.[74]

Value proposition in the equipment manufacturing industry

  • 15% of North American manufacturers had successfully built industrial SaaS businesses in 2024.[74]
  • 98% of manufacturers surveyed by Deloitte had started their digital-transformation journey in 2023, up from 78% in 2019.[3]
  • 81% of industrial companies were actively using, testing or planning industrial-metaverse technologies in 2024.[71]
  • 55% of North American manufacturers planned to use industrial SaaS business models for growth in 2024.[74]
  • Nearly one-third of B2B customer respondents ranked digital models for design and service among their top priorities.[3]

12 Statistics

Sustainability & Ethics

Sustainability reporting connects to product and operations outcomes, including 78% reported Scope 1 and 2 greenhouse-gas emissions reduction from 2019 to 2024 globally for one large OEM.

Sustainability in the equipment manufacturing industry

  • 80/100 was ABB’s employee-engagement score in 2025.[75]
  • 21.3% of ABB senior-management positions were held by women in 2024.[75]
  • 22% of Siemens’ product and technical-material inflows were secondary components, intermediate products or materials in fiscal 2025.[76]
  • 78% reduction in ABB’s Scope 1 and 2 greenhouse-gas emissions was reported from 2019 to 2024 globally.[75]
  • 66 megatons of greenhouse-gas emissions were avoided through ABB products sold in 2024.[75]

ESG in the equipment manufacturing industry

  • 41% of ABB’s product portfolio had been assessed against its Circularity Approach by the end of 2024.[75]
  • 79% reduction in ABB’s own Scope 1 and 2 emissions was reported in 2025 against its 2019 baseline.[75]
  • 80 megatons of customer greenhouse-gas emissions were avoided over the lifecycle of ABB products sold in 2025.[75]
  • 22.6% of ABB senior-management roles were held by women in 2025.[75]
  • 0.15 was ABB’s lost-time injury frequency rate in 2024, down from 0.24 in 2019.[75]

Ethics in the equipment manufacturing industry

  • 33.5% of manufacturing respondents favored developing an AI-ethics code jointly by industry, academia and government.[12]
  • 73% of surveyed manufacturing supply-chain organizations required suppliers to avoid corruption under supplier ethics guidelines.[77]
  • 43.5% of manufacturing respondents favored developing an AI-ethics code through industry collaboration.[12]
  • 71% of manufacturing respondents had identified process risks in the Visegrád Four study.[78]
  • 33% of machinery-and-equipment companies in a Visegrád Four study had an established code of ethics.[78]

CSR in the equipment manufacturing industry

  • 80% of ABB waste was recycled from operations in 2025.[75]
  • 3,000-plus lights were replaced with LEDs at ABB Beijing beginning in 2022.[79]
  • 0.15 was ABB’s lost-time injury frequency rate in 2024.[75]
  • 110,000 employees worked for ABB worldwide in 2024 as the equipment manufacturer reported its corporate-responsibility scale.[75]
  • 98% of ABB electricity was sourced from renewable sources in 2025.[75]

Circular economy in the equipment manufacturing industry

  • 5.3% of ABB operational waste was sent to landfill in 2025.[75]
  • 22% of Siemens’ material inflows were secondary components, intermediate products or materials in fiscal 2025.[76]
  • 2,408 environmental product declarations were recorded by Siemens at September 30, 2024.[80]
  • 81% of ABB operational waste was recycled in 2025.[75]
  • 46% of ABB product-based revenues had been assessed against its Circularity Framework by the end of 2025.[75]

Carbon footprint in the equipment manufacturing industry

  • 0.1 million metric tons of carbon-dioxide equivalent came from U.S. electrical-equipment manufacturers in 2023.[81]
  • 2.0 million metric tons of carbon-dioxide equivalent were reported by U.S. electrical-equipment facilities in 2023.[81]
  • 4.3 million metric tons of carbon-dioxide equivalent were reported by the U.S. electrical-equipment sector in 2011.[81]
  • 5 U.S. electrical-equipment manufacturing facilities reported greenhouse-gas emissions in 2023.[81]
  • 40% reduction in lifecycle carbon footprint was estimated for ABB’s redesigned junction boxes using alternative materials.[82]

14 Statistics

Globalization & Expansion

Regional sourcing is concentrated: Asia-Pacific accounted for 45.0% of global industrial machinery revenue in 2025, while the EU machinery market was estimated at approximately €738 billion in 2025.

Globalization in the equipment manufacturing industry

  • 36% of the EU machinery market in 2025 was supplied by Germany, the largest individual supplier country.[23]
  • Gates Industrial sold products in more than 130 countries during fiscal 2025 across four commercial regions.[24]
  • 3.1 million people were employed by machinery and equipment manufacturers in the EU in 2025.[23]
  • 81% of the EU machinery market in 2025 was supplied by production sites within the EU internal market.[23]
  • €1,302.4 million was Koenig & Bauer’s 2025 revenue, generated across Germany, Europe, North America, Asia-Pacific and Africa/Latin America.[19]

Cultural adaptation in the equipment manufacturing industry

  • Gates Industrial maintained field representatives with local customer and application knowledge in each of its four commercial regions in 2025.[24]
  • Helios Technologies employed local sales and application experts in each major region to provide technical support in 2024.[24]
  • AGCO’s European dealers and distributors represented 55% of the company’s 2024 net sales.[25]
  • 41% of Helios Technologies’ 2024 hydraulics sales came from the Americas, 29% from EMEA and 30% from Asia-Pacific.[24]
  • Kawasaki’s Chinese hydraulic-equipment joint venture targeted revenue of more than RMB10 billion in fiscal 2026.[21]

Supplier management in the equipment manufacturing industry

  • 91% of Atlas Copco’s significant suppliers had signed its Business Partner Criteria by the end of 2024.[88]
  • 44% of Atlas Copco’s significant suppliers were located in Europe at the end of 2024.[88]
  • 12% of Atlas Copco’s significant suppliers were located in North America at the end of 2024.[88]
  • 40% of Atlas Copco’s significant suppliers were located in Asia/Oceania at the end of 2024.[88]
  • 1% of Atlas Copco’s significant suppliers were located in Africa and the Middle East at the end of 2024.[88]

Stakeholder management in the equipment manufacturing industry

  • Approximately 2,050 independent dealer locations marketed Deere equipment across the United States and Canada in 2024.[89]
  • Atlas Copco reported one rejected supplier relationship in 2024, compared with zero in 2023 and zero in 2022.[88]
  • AGCO’s dealers were responsible for retail equipment sales and after-sales service and support in 2024.[25]
  • No single Alliance Laundry Systems distributor accounted for more than 5% of 2024 revenue.[27]
  • 3.1 million people worked in EU machinery and equipment manufacturing in 2025.[23]

Distribution channels in the equipment manufacturing industry

  • 68% of Gates Industrial’s fiscal 2025 net sales came through aftermarket channels and 32% through OEM channels.[24]
  • 78% of Helios Technologies’ 2024 electronics-segment sales came from OEM customers.[24]
  • 22% of Helios Technologies’ 2024 electronics-segment sales came from independent authorized distributor partners.[24]
  • 72% of Alliance Laundry Systems’ global revenue came through independent third-party distributors in 2024.[27]
  • 68% of Hyster-Yale Materials Handling’s 2025 lift-truck distribution-channel mix was independent dealers and 32% was major accounts.[90]

Key questions about the equipment manufacturing industry

What is the global market size for industrial machinery in 2025, and what is it projected to be in 2026?
The global industrial machinery market was valued at $745.6 billion in 2025 and is projected to reach $790.4 billion in 2026.
How fast is the industrial machinery market expected to grow from 2026 to 2035?
Global industrial machinery revenue is forecast to grow at a 5.1% compound annual growth rate from 2026 to 2035, reaching $1.23 trillion by 2035.
Which companies lead the equipment manufacturing industry?
ASML leads Gitnux's 2026 equipment manufacturing ranking with an Overall score of 9.5, with revenue growth 15.6% and R&D 14.4% of revenue. Schneider Electric is the highest-ranked electrical and automation equipment maker at 9.4, driven by revenue growth 9% with R&D 5.6% of revenue.
What technology shifts are showing up in equipment manufacturing operations?
Manufacturers increasingly adopt AI and data analytics: 17% deploy AI for equipment maintenance or installation, and 62% use shop-floor analytics in 2024.
What does distribution look like across the equipment manufacturing market?
Direct sales represented 58.6% of distribution revenue in 2025, and equipment purchasing is concentrated among industrial, construction, agricultural, energy, mining and process-industry customers.
How do data and governance issues affect the adoption of industrial analytics?
In 2025, 61% of manufacturing leaders said poor data quality limited adoption and optimization of emerging technologies, and 44% reported AI projects failed because of poor data quality.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 11). Equipment Manufacturing Industry Statistics. Gitnux. https://gitnux.org/equipment-manufacturing-industry-statistics
MLA
Samuel Norberg. "Equipment Manufacturing Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/equipment-manufacturing-industry-statistics.
Chicago
Samuel Norberg. 2026. "Equipment Manufacturing Industry Statistics." Gitnux. https://gitnux.org/equipment-manufacturing-industry-statistics.

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