GITNUXREPORT 2026

Industrial Equipment Industry Statistics

The global industrial equipment market is large and growing, led significantly by Asia-Pacific.

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

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Statistic 1

U.S. industrial machinery employment totaled 1.1 million workers in 2023.

Statistic 2

Global industrial equipment sector employed 25 million people in 2022.

Statistic 3

Germany had 850,000 jobs in mechanical engineering in 2023.

Statistic 4

China industrial machinery workforce reached 40 million in 2022.

Statistic 5

U.S. average hourly wage in industrial machinery was $28.50 in 2023.

Statistic 6

Japan manufacturing equipment sector employed 2.5 million in 2023.

Statistic 7

EU mechanical engineering jobs numbered 3.2 million in 2022.

Statistic 8

India industrial equipment industry labor force was 12 million in FY2023.

Statistic 9

Brazil industrial machinery employment stood at 1.4 million in 2023.

Statistic 10

Average tenure of U.S. industrial equipment workers is 8.2 years.

Statistic 11

U.S. women in industrial machinery workforce 28% in 2023.

Statistic 12

China skilled labor shortage 20% in equipment sector 2023.

Statistic 13

Germany apprenticeship programs trained 50,000 in machinery 2022.

Statistic 14

U.S. unionization rate 10.5% in manufacturing equipment.

Statistic 15

Japan overtime hours averaged 25 per month in sector.

Statistic 16

India labor productivity up 4% in industrial equipment.

Statistic 17

EU gender pay gap 13% in mechanical engineering.

Statistic 18

Australia mining equipment jobs 45,000 in 2023.

Statistic 19

South Africa industrial machinery employment 120,000.

Statistic 20

Global remote workers in sector 15% post-COVID.

Statistic 21

U.S. machinery turnover rate 12% annually.

Statistic 22

EU migrant workers 15% of sector labor.

Statistic 23

Korea training investment 2.5% payroll in skills.

Statistic 24

U.S. occupational injuries 2.1 per 100 workers.

Statistic 25

Brazil informal labor 25% in equipment mfg.

Statistic 26

Italy part-time workers 18% in industry.

Statistic 27

Canada indigenous employment 5% target met.

Statistic 28

Russia wage growth 7.2% in manufacturing.

Statistic 29

Global gig economy 10% of mfg labor.

Statistic 30

Mexico hourly wage USD 4.50 average.

Statistic 31

U.S. industrial machinery firms reported average EBITDA margin of 12.5% in 2022.

Statistic 32

Global industrial equipment ROE averaged 11.8% in 2023.

Statistic 33

Caterpillar Inc. revenue from machinery was $59.4 billion in 2023.

Statistic 34

Deere & Co. industrial equipment net profit margin was 14.6% in FY2023.

Statistic 35

Siemens AG industrial automation revenue hit EUR 20 billion in 2023.

Statistic 36

U.S. industrial machinery export value reached $120 billion in 2022.

Statistic 37

ABB Ltd. operating margin in robotics was 18.2% in 2023.

Statistic 38

Komatsu Ltd. construction equipment sales revenue was JPY 2.8 trillion in FY2023.

Statistic 39

Global industrial pumps market profit margins averaged 9.5% in 2022.

Statistic 40

China industrial equipment firms debt-to-equity ratio averaged 0.65 in 2023.

Statistic 41

Komatsu net income JPY 450 billion in FY2023.

Statistic 42

Sandvik AB profit margin 16.8% in mining equipment 2023.

Statistic 43

Rockwell Automation revenue USD 9.1 billion 2023.

Statistic 44

U.S. firms R&D spend 4.2% of revenue on equipment.

Statistic 45

Global sector capex USD 150 billion in 2023.

Statistic 46

Volvo Group trucks & equipment EBIT margin 11.5%.

Statistic 47

Indian Larsen & Toubro machinery revenue INR 80,000 crore.

Statistic 48

EU firms cash flow 8% of sales average.

Statistic 49

PACCAR Inc. ROA 12.3% in 2023.

Statistic 50

Sector dividend yield averaged 2.8% globally.

Statistic 51

Atlas Copco cash flow SEK 25 billion 2023.

Statistic 52

Ingersoll Rand revenue USD 7 billion 2023.

Statistic 53

CNH Industrial free cash flow EUR 1.5 billion.

Statistic 54

Sector P/E ratio 15.2 average globally.

Statistic 55

Japan firms leverage ratio 0.45.

Statistic 56

U.S. top 50 firms revenue $800 billion combined.

Statistic 57

Global M&A value USD 50 billion in sector 2023.

Statistic 58

Korean firms export credit insurance claims low.

Statistic 59

Australia tax incentives boosted profits 5%.

Statistic 60

Sector beta 1.05 vs market average.

Statistic 61

Global industrial machinery market size reached USD 682.4 billion in 2023, projected to grow to USD 912.3 billion by 2030 at a CAGR of 4.2%.

Statistic 62

U.S. industrial equipment manufacturing revenue totaled $285.6 billion in 2022.

Statistic 63

Asia-Pacific holds 42% share of global industrial equipment market in 2023.

Statistic 64

European industrial machinery sector grew 3.8% YoY in 2022, reaching EUR 250 billion.

Statistic 65

Construction equipment segment accounted for 28% of industrial machinery market in 2023.

Statistic 66

Global industrial pumps market valued at USD 62.5 billion in 2023, expected CAGR 5.1% to 2030.

Statistic 67

U.S. metalworking machinery market size was $12.4 billion in 2022.

Statistic 68

Chinese industrial equipment output value hit CNY 25 trillion in 2022.

Statistic 69

Industrial automation equipment market to reach USD 395 billion by 2028 at 9.2% CAGR.

Statistic 70

North America industrial machinery market share stood at 22% globally in 2023.

Statistic 71

Global industrial machinery market size was USD 682 billion in 2023 with 4.1% CAGR forecast.

Statistic 72

U.S. sector revenue growth 3.2% in 2023 to $295 billion.

Statistic 73

Latin America industrial equipment market at USD 45 billion in 2023.

Statistic 74

Food processing machinery market USD 52 billion globally 2023.

Statistic 75

Middle East industrial machinery market growing at 5.3% CAGR.

Statistic 76

Russia industrial equipment production value RUB 4.2 trillion 2022.

Statistic 77

Textile machinery market size USD 8.9 billion in 2023.

Statistic 78

Australia mining equipment market AUD 12 billion 2023.

Statistic 79

Global plastic processing machinery USD 28 billion 2023.

Statistic 80

Canada industrial machinery market CAD 35 billion 2022.

Statistic 81

Southeast Asia industrial equipment market USD 55 billion 2023.

Statistic 82

Global welding equipment market USD 18.2 billion 2023.

Statistic 83

UK industrial machinery revenue GBP 45 billion 2022.

Statistic 84

Africa industrial equipment market growing 6.1% CAGR.

Statistic 85

Global HVAC equipment USD 210 billion 2023.

Statistic 86

Spain machinery production EUR 30 billion 2022.

Statistic 87

Global conveyor systems USD 12.5 billion 2023.

Statistic 88

New Zealand forestry equipment NZD 2 billion.

Statistic 89

U.S. bakery equipment market USD 4.8 billion 2023.

Statistic 90

Global drilling equipment USD 85 billion 2023.

Statistic 91

World industrial robot installations reached 553,052 units in 2022.

Statistic 92

U.S. industrial machinery production index rose 2.7% in 2023.

Statistic 93

Germany produced 1.2 million tons of steel processing equipment in 2022.

Statistic 94

Global output of construction machinery hit 1.5 million units in 2023.

Statistic 95

Japan exported 45,000 industrial robots in 2022.

Statistic 96

U.S. fabricated metal product manufacturing output was $1.1 trillion in 2022.

Statistic 97

China manufactured 8.5 million air compressors in 2023.

Statistic 98

EU industrial pump production reached 15 million units annually in 2022.

Statistic 99

India produced 250,000 tractors for industrial use in FY2023.

Statistic 100

South Korea's semiconductor equipment output value was KRW 50 trillion in 2023.

Statistic 101

U.S. production of ventilation equipment reached 2.5 million units in 2023.

Statistic 102

Italy exported EUR 50 billion in industrial machinery 2022.

Statistic 103

Global forklift production 1.8 million units 2023.

Statistic 104

Mexico auto parts machinery output 1.2 million tons 2023.

Statistic 105

UK industrial oven production 150,000 units annually.

Statistic 106

Turkey steel fabrication equipment 500,000 tons 2022.

Statistic 107

Vietnam electronics assembly equipment 300,000 units 2023.

Statistic 108

France chemical processing machinery 800,000 units 2022.

Statistic 109

Thailand agricultural equipment production 400,000 tractors 2023.

Statistic 110

Global 3D printing for industrial parts 500,000 units 2023.

Statistic 111

Global machine tools production 4.2 million units 2022.

Statistic 112

Sweden industrial robot output 15,000 units 2023.

Statistic 113

Argentina agricultural machinery 100,000 units 2023.

Statistic 114

Poland metal forming equipment 300,000 tons.

Statistic 115

Indonesia palm oil processing machines 50,000 units.

Statistic 116

Netherlands packaging machinery 120,000 units 2022.

Statistic 117

Malaysia semiconductor equipment MYR 20 billion value.

Statistic 118

Belgium chemical reactors 25,000 units annually.

Statistic 119

Philippines construction cranes 5,000 units 2023.

Statistic 120

Global CNC lathes production 850,000 units 2023.

Statistic 121

45% of industrial equipment manufacturers adopted Industry 4.0 by 2023.

Statistic 122

Global industrial IoT market for equipment reached USD 214 billion in 2023.

Statistic 123

62% reduction in energy use achieved by smart industrial pumps.

Statistic 124

Additive manufacturing in industrial equipment grew 20.7% CAGR to 2030.

Statistic 125

78% of manufacturers using AI for predictive maintenance in 2023.

Statistic 126

Renewable energy equipment production up 15% in EU 2022.

Statistic 127

CNC machines adoption rate hit 85% in U.S. factories by 2023.

Statistic 128

Industrial robots energy efficiency improved 30% since 2015.

Statistic 129

55% of global industrial equipment now recyclable materials.

Statistic 130

72% of equipment uses digital twins for optimization.

Statistic 131

CO2 emissions from industrial machinery down 18% since 2015.

Statistic 132

Robotics density 141 per 10,000 workers in sector.

Statistic 133

Edge computing adoption 65% in factories 2023.

Statistic 134

Sustainable materials in equipment up to 40% by weight.

Statistic 135

AR/VR training reduced errors 40% in assembly.

Statistic 136

Water usage in pumps cut 25% via variable speed drives.

Statistic 137

Blockchain traceability in supply chain 35% adoption.

Statistic 138

5G implementation in plants 28% globally 2023.

Statistic 139

Zero-waste manufacturing achieved by 22% of firms.

Statistic 140

Cybersecurity breaches down 30% with AI.

Statistic 141

Electrification of equipment 35% by 2030 target.

Statistic 142

Cloud adoption 68% for ERP systems.

Statistic 143

Biodegradable lubricants 20% market share.

Statistic 144

Predictive analytics uptime +25%.

Statistic 145

Solar-powered machinery pilots 500 sites.

Statistic 146

Quantum computing trials for optimization 5%.

Statistic 147

Circular economy recycling rate 52%.

Statistic 148

Hyperscale data centers for sims 40% growth.

Statistic 149

Nano-coatings reduced friction 22%.

1/149

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Hidden beneath the clang of assembly lines and the hum of machinery lies a $682.4 billion global titan that's not just powering factories but quietly reshaping the entire world economy.

Key Takeaways

Global industrial machinery market size reached USD 682.4 billion in 2023, projected to grow to USD 912.3 billion by 2030 at a CAGR of 4.2%.
U.S. industrial equipment manufacturing revenue totaled $285.6 billion in 2022.
Asia-Pacific holds 42% share of global industrial equipment market in 2023.
World industrial robot installations reached 553,052 units in 2022.
U.S. industrial machinery production index rose 2.7% in 2023.
Germany produced 1.2 million tons of steel processing equipment in 2022.
U.S. industrial machinery employment totaled 1.1 million workers in 2023.
Global industrial equipment sector employed 25 million people in 2022.
Germany had 850,000 jobs in mechanical engineering in 2023.
U.S. industrial machinery firms reported average EBITDA margin of 12.5% in 2022.
Global industrial equipment ROE averaged 11.8% in 2023.
Caterpillar Inc. revenue from machinery was $59.4 billion in 2023.
45% of industrial equipment manufacturers adopted Industry 4.0 by 2023.
Global industrial IoT market for equipment reached USD 214 billion in 2023.
62% reduction in energy use achieved by smart industrial pumps.

The global industrial equipment market is large and growing, led significantly by Asia-Pacific.

Employment & Labor

U.S. industrial machinery employment totaled 1.1 million workers in 2023.
Global industrial equipment sector employed 25 million people in 2022.
Germany had 850,000 jobs in mechanical engineering in 2023.
China industrial machinery workforce reached 40 million in 2022.
U.S. average hourly wage in industrial machinery was $28.50 in 2023.
Japan manufacturing equipment sector employed 2.5 million in 2023.
EU mechanical engineering jobs numbered 3.2 million in 2022.
India industrial equipment industry labor force was 12 million in FY2023.
Brazil industrial machinery employment stood at 1.4 million in 2023.
Average tenure of U.S. industrial equipment workers is 8.2 years.
U.S. women in industrial machinery workforce 28% in 2023.
China skilled labor shortage 20% in equipment sector 2023.
Germany apprenticeship programs trained 50,000 in machinery 2022.
U.S. unionization rate 10.5% in manufacturing equipment.
Japan overtime hours averaged 25 per month in sector.
India labor productivity up 4% in industrial equipment.
EU gender pay gap 13% in mechanical engineering.
Australia mining equipment jobs 45,000 in 2023.
South Africa industrial machinery employment 120,000.
Global remote workers in sector 15% post-COVID.
U.S. machinery turnover rate 12% annually.
EU migrant workers 15% of sector labor.
Korea training investment 2.5% payroll in skills.
U.S. occupational injuries 2.1 per 100 workers.
Brazil informal labor 25% in equipment mfg.
Italy part-time workers 18% in industry.
Canada indigenous employment 5% target met.
Russia wage growth 7.2% in manufacturing.
Global gig economy 10% of mfg labor.
Mexico hourly wage USD 4.50 average.

Employment & Labor Interpretation

It’s a global chessboard of workforce dynamics, where the sheer might of China’s 40 million-strong army contrasts sharply with Germany’s meticulous craftsmanship and the U.S.’s seasoned but shallow talent pool, all while battling universal checkmates like turnover, skills gaps, and stubborn pay disparities.

Financial Performance

U.S. industrial machinery firms reported average EBITDA margin of 12.5% in 2022.
Global industrial equipment ROE averaged 11.8% in 2023.
Caterpillar Inc. revenue from machinery was $59.4 billion in 2023.
Deere & Co. industrial equipment net profit margin was 14.6% in FY2023.
Siemens AG industrial automation revenue hit EUR 20 billion in 2023.
U.S. industrial machinery export value reached $120 billion in 2022.
ABB Ltd. operating margin in robotics was 18.2% in 2023.
Komatsu Ltd. construction equipment sales revenue was JPY 2.8 trillion in FY2023.
Global industrial pumps market profit margins averaged 9.5% in 2022.
China industrial equipment firms debt-to-equity ratio averaged 0.65 in 2023.
Komatsu net income JPY 450 billion in FY2023.
Sandvik AB profit margin 16.8% in mining equipment 2023.
Rockwell Automation revenue USD 9.1 billion 2023.
U.S. firms R&D spend 4.2% of revenue on equipment.
Global sector capex USD 150 billion in 2023.
Volvo Group trucks & equipment EBIT margin 11.5%.
Indian Larsen & Toubro machinery revenue INR 80,000 crore.
EU firms cash flow 8% of sales average.
PACCAR Inc. ROA 12.3% in 2023.
Sector dividend yield averaged 2.8% globally.
Atlas Copco cash flow SEK 25 billion 2023.
Ingersoll Rand revenue USD 7 billion 2023.
CNH Industrial free cash flow EUR 1.5 billion.
Sector P/E ratio 15.2 average globally.
Japan firms leverage ratio 0.45.
U.S. top 50 firms revenue $800 billion combined.
Global M&A value USD 50 billion in sector 2023.
Korean firms export credit insurance claims low.
Australia tax incentives boosted profits 5%.
Sector beta 1.05 vs market average.

Financial Performance Interpretation

In an industry where a 12.5% EBITDA margin is the new gold standard, giants like Caterpillar and Siemens are proving that building the world's infrastructure is still a solid—if not spectacular—way to print money, albeit with the efficiency of a well-oiled, moderately leveraged, and globally consolidated machine.

Market Size & Growth

Global industrial machinery market size reached USD 682.4 billion in 2023, projected to grow to USD 912.3 billion by 2030 at a CAGR of 4.2%.
U.S. industrial equipment manufacturing revenue totaled $285.6 billion in 2022.
Asia-Pacific holds 42% share of global industrial equipment market in 2023.
European industrial machinery sector grew 3.8% YoY in 2022, reaching EUR 250 billion.
Construction equipment segment accounted for 28% of industrial machinery market in 2023.
Global industrial pumps market valued at USD 62.5 billion in 2023, expected CAGR 5.1% to 2030.
U.S. metalworking machinery market size was $12.4 billion in 2022.
Chinese industrial equipment output value hit CNY 25 trillion in 2022.
Industrial automation equipment market to reach USD 395 billion by 2028 at 9.2% CAGR.
North America industrial machinery market share stood at 22% globally in 2023.
Global industrial machinery market size was USD 682 billion in 2023 with 4.1% CAGR forecast.
U.S. sector revenue growth 3.2% in 2023 to $295 billion.
Latin America industrial equipment market at USD 45 billion in 2023.
Food processing machinery market USD 52 billion globally 2023.
Middle East industrial machinery market growing at 5.3% CAGR.
Russia industrial equipment production value RUB 4.2 trillion 2022.
Textile machinery market size USD 8.9 billion in 2023.
Australia mining equipment market AUD 12 billion 2023.
Global plastic processing machinery USD 28 billion 2023.
Canada industrial machinery market CAD 35 billion 2022.
Southeast Asia industrial equipment market USD 55 billion 2023.
Global welding equipment market USD 18.2 billion 2023.
UK industrial machinery revenue GBP 45 billion 2022.
Africa industrial equipment market growing 6.1% CAGR.
Global HVAC equipment USD 210 billion 2023.
Spain machinery production EUR 30 billion 2022.
Global conveyor systems USD 12.5 billion 2023.
New Zealand forestry equipment NZD 2 billion.
U.S. bakery equipment market USD 4.8 billion 2023.
Global drilling equipment USD 85 billion 2023.

Market Size & Growth Interpretation

While the $682 billion global machinery market hums along at a modest 4% growth, it's clear the real horsepower and future profits are shifting to automation and Asia-Pacific, proving that in this industry, the bots and the East are rising faster than the rest.

Production & Output

World industrial robot installations reached 553,052 units in 2022.
U.S. industrial machinery production index rose 2.7% in 2023.
Germany produced 1.2 million tons of steel processing equipment in 2022.
Global output of construction machinery hit 1.5 million units in 2023.
Japan exported 45,000 industrial robots in 2022.
U.S. fabricated metal product manufacturing output was $1.1 trillion in 2022.
China manufactured 8.5 million air compressors in 2023.
EU industrial pump production reached 15 million units annually in 2022.
India produced 250,000 tractors for industrial use in FY2023.
South Korea's semiconductor equipment output value was KRW 50 trillion in 2023.
U.S. production of ventilation equipment reached 2.5 million units in 2023.
Italy exported EUR 50 billion in industrial machinery 2022.
Global forklift production 1.8 million units 2023.
Mexico auto parts machinery output 1.2 million tons 2023.
UK industrial oven production 150,000 units annually.
Turkey steel fabrication equipment 500,000 tons 2022.
Vietnam electronics assembly equipment 300,000 units 2023.
France chemical processing machinery 800,000 units 2022.
Thailand agricultural equipment production 400,000 tractors 2023.
Global 3D printing for industrial parts 500,000 units 2023.
Global machine tools production 4.2 million units 2022.
Sweden industrial robot output 15,000 units 2023.
Argentina agricultural machinery 100,000 units 2023.
Poland metal forming equipment 300,000 tons.
Indonesia palm oil processing machines 50,000 units.
Netherlands packaging machinery 120,000 units 2022.
Malaysia semiconductor equipment MYR 20 billion value.
Belgium chemical reactors 25,000 units annually.
Philippines construction cranes 5,000 units 2023.
Global CNC lathes production 850,000 units 2023.

Production & Output Interpretation

The world's factories, farms, and workshops are humming a symphony of metallic creation, proving that while AI might write the code, it's still the mighty industrial machine—from German steel to Chinese compressors—that builds our tangible reality.

Technology & Sustainability

45% of industrial equipment manufacturers adopted Industry 4.0 by 2023.
Global industrial IoT market for equipment reached USD 214 billion in 2023.
62% reduction in energy use achieved by smart industrial pumps.
Additive manufacturing in industrial equipment grew 20.7% CAGR to 2030.
78% of manufacturers using AI for predictive maintenance in 2023.
Renewable energy equipment production up 15% in EU 2022.
CNC machines adoption rate hit 85% in U.S. factories by 2023.
Industrial robots energy efficiency improved 30% since 2015.
55% of global industrial equipment now recyclable materials.
72% of equipment uses digital twins for optimization.
CO2 emissions from industrial machinery down 18% since 2015.
Robotics density 141 per 10,000 workers in sector.
Edge computing adoption 65% in factories 2023.
Sustainable materials in equipment up to 40% by weight.
AR/VR training reduced errors 40% in assembly.
Water usage in pumps cut 25% via variable speed drives.
Blockchain traceability in supply chain 35% adoption.
5G implementation in plants 28% globally 2023.
Zero-waste manufacturing achieved by 22% of firms.
Cybersecurity breaches down 30% with AI.
Electrification of equipment 35% by 2030 target.
Cloud adoption 68% for ERP systems.
Biodegradable lubricants 20% market share.
Predictive analytics uptime +25%.
Solar-powered machinery pilots 500 sites.
Quantum computing trials for optimization 5%.
Circular economy recycling rate 52%.
Hyperscale data centers for sims 40% growth.
Nano-coatings reduced friction 22%.

Technology & Sustainability Interpretation

While those still playing analog hopscotch were busy oiling their gears, the smart money in the industrial sector was busy building a hyper-efficient, data-drenched, and surprisingly green digital twin of the future, one predictive maintenance alert and solar-powered robot at a time.

Sources & References

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