GITNUX REPORT 2024

Global Industrial Machinery Industry Thriving With Steady Growth Projections

Exploring the Growth and Dominance of Industrial Machinery Markets Worldwide - Key Insights Revealed!

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global industrial 3D printing market size was valued at USD 1.4 billion in 2020

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The industrial 3D printing market is projected to reach USD 5.3 billion by 2025

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The global industrial IoT market size was valued at USD 77.3 billion in 2020

Statistic 4

The industrial IoT market is projected to reach USD 110.6 billion by 2025

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The global industrial safety market size was valued at USD 5.4 billion in 2020

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The industrial safety market is projected to reach USD 7.4 billion by 2025

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The safety sensors segment accounted for the largest share of 32% in the industrial safety market in 2019

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The automotive industry accounted for 28.3% of the industrial machinery market share in 2020

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The food industry accounted for the largest share of 30% in the packaging machinery market in 2019

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The manufacturing industry accounted for 31.7% of the industrial automation market share in 2019

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The oil & gas industry accounted for the largest revenue share of 32.5% in the industrial valves market in 2020

Statistic 12

The automotive industry accounted for the largest share of 20% in the industrial 3D printing market in 2019

Statistic 13

The manufacturing industry accounted for the largest share of 33% in the industrial IoT market in 2019

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The metals & mining industry accounted for the largest share of 35% in the industrial furnace market in 2019

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The food & beverage industry accounted for the largest share of 30% in the industrial mixer market in 2019

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The food & beverage industry accounted for the largest share of 35% in the industrial refrigeration market in 2019

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The automotive industry accounted for the largest share of 30% in the industrial robot market in 2020

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The material handling equipment segment accounted for the largest revenue share of 31.2% in 2020

Statistic 19

The food processing machinery segment is expected to witness the fastest growth at a CAGR of 4.7% from 2021 to 2028

Statistic 20

The global CNC machine market size was valued at USD 82.4 billion in 2020

Statistic 21

The CNC machine market is projected to grow from USD 85.36 billion in 2021 to USD 128.41 billion in 2028

Statistic 22

The lathe machines segment held the largest market share of 35% in the CNC machine market in 2020

Statistic 23

The global packaging machinery market size was valued at USD 41.8 billion in 2020

Statistic 24

The packaging machinery market is projected to reach USD 52.5 billion by 2025

Statistic 25

The metal cutting segment accounted for 60% of the machine tools market share in 2019

Statistic 26

The global industrial valves market size was valued at USD 73.3 billion in 2020

Statistic 27

The industrial valves market is expected to grow at a CAGR of 3.7% from 2021 to 2028

Statistic 28

The global industrial pumps market size was valued at USD 60.4 billion in 2020

Statistic 29

The industrial pumps market is expected to grow at a CAGR of 3.9% from 2021 to 2028

Statistic 30

The centrifugal pumps segment accounted for the largest revenue share of 59.8% in the industrial pumps market in 2020

Statistic 31

The global industrial air compressor market size was valued at USD 32.7 billion in 2019

Statistic 32

The industrial air compressor market is expected to grow at a CAGR of 3.4% from 2020 to 2027

Statistic 33

The rotary air compressor segment accounted for the largest revenue share of 57.2% in the industrial air compressor market in 2019

Statistic 34

The global industrial boiler market size was valued at USD 13.6 billion in 2020

Statistic 35

The industrial boiler market is projected to reach USD 17.2 billion by 2025

Statistic 36

The fire-tube boiler segment accounted for the largest share of 65% in the industrial boiler market in 2019

Statistic 37

The global industrial furnace market size was valued at USD 10.5 billion in 2020

Statistic 38

The industrial furnace market is projected to reach USD 14.0 billion by 2025

Statistic 39

The global industrial gearbox market size was valued at USD 26.2 billion in 2019

Statistic 40

The industrial gearbox market is expected to grow at a CAGR of 4.7% from 2020 to 2027

Statistic 41

The helical gearbox segment accounted for the largest revenue share of 35.2% in the industrial gearbox market in 2019

Statistic 42

The global industrial mixer market size was valued at USD 2.1 billion in 2020

Statistic 43

The industrial mixer market is projected to reach USD 2.7 billion by 2025

Statistic 44

The global industrial oven market size was valued at USD 9.1 billion in 2019

Statistic 45

The industrial oven market is expected to grow at a CAGR of 3.5% from 2020 to 2027

Statistic 46

The curing ovens segment accounted for the largest revenue share of 35.2% in the industrial oven market in 2019

Statistic 47

The global industrial refrigeration market size was valued at USD 19.3 billion in 2020

Statistic 48

The industrial refrigeration market is projected to reach USD 25.1 billion by 2025

Statistic 49

The global industrial machinery market size was valued at USD 535.0 billion in 2020

Statistic 50

The industrial machinery market is expected to grow at a CAGR of 3.9% from 2021 to 2028

Statistic 51

The global machine tools market size was valued at USD 77.8 billion in 2019

Statistic 52

The machine tools market is expected to grow at a CAGR of 4.7% from 2020 to 2027

Statistic 53

Asia Pacific dominated the industrial machinery market with a share of 39.4% in 2020

Statistic 54

The global industrial robotics market size was valued at USD 43.8 billion in 2021

Statistic 55

The industrial robotics market is projected to reach USD 75.3 billion by 2026

Statistic 56

The articulated robots segment accounted for the largest share of 42% in the industrial robotics market in 2020

Statistic 57

The global industrial automation market size was valued at USD 168.81 billion in 2019

Statistic 58

The industrial automation market is projected to reach USD 326.14 billion by 2027

Statistic 59

The global industrial controls market size was valued at USD 121.5 billion in 2020

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The industrial controls market is projected to reach USD 150.6 billion by 2025

Statistic 61

The programmable logic controller (PLC) segment accounted for the largest share of 32% in the industrial controls market in 2019

Statistic 62

The global industrial sensors market size was valued at USD 18.2 billion in 2019

Statistic 63

The industrial sensors market is expected to grow at a CAGR of 7.2% from 2020 to 2027

Statistic 64

The pressure sensors segment accounted for the largest revenue share of 23.4% in the industrial sensors market in 2019

Statistic 65

The global industrial robot market size was valued at USD 43.8 billion in 2021

Statistic 66

The industrial robot market is projected to reach USD 75.3 billion by 2026

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Summary

  • The global industrial machinery market size was valued at USD 535.0 billion in 2020
  • The industrial machinery market is expected to grow at a CAGR of 3.9% from 2021 to 2028
  • Asia Pacific dominated the industrial machinery market with a share of 39.4% in 2020
  • The material handling equipment segment accounted for the largest revenue share of 31.2% in 2020
  • The food processing machinery segment is expected to witness the fastest growth at a CAGR of 4.7% from 2021 to 2028
  • The automotive industry accounted for 28.3% of the industrial machinery market share in 2020
  • The global industrial robotics market size was valued at USD 43.8 billion in 2021
  • The industrial robotics market is projected to reach USD 75.3 billion by 2026
  • The articulated robots segment accounted for the largest share of 42% in the industrial robotics market in 2020
  • The global CNC machine market size was valued at USD 82.4 billion in 2020
  • The CNC machine market is projected to grow from USD 85.36 billion in 2021 to USD 128.41 billion in 2028
  • The lathe machines segment held the largest market share of 35% in the CNC machine market in 2020
  • The global packaging machinery market size was valued at USD 41.8 billion in 2020
  • The packaging machinery market is projected to reach USD 52.5 billion by 2025
  • The food industry accounted for the largest share of 30% in the packaging machinery market in 2019

Strap on your hard hats and prepare to dive into the buzzing world of industrial machinery, where innovation meets metal in a symphony of progress! With the global industrial machinery market hitting an impressive USD 535.0 billion in 2020 and projected to grow at a rocking 3.9% CAGR through 2028, its clear that big things are happening in this realm. From Asia Pacifics dominating presence to the rise of intelligent robotics and precision CNC machines, this industry is shaping up to be the ultimate workshop of the future. So grab your safety goggles and get ready to be riveted by the riveting stats that power this powerhouse sector!

Advanced Manufacturing Technologies

  • The global industrial 3D printing market size was valued at USD 1.4 billion in 2020
  • The industrial 3D printing market is projected to reach USD 5.3 billion by 2025
  • The global industrial IoT market size was valued at USD 77.3 billion in 2020
  • The industrial IoT market is projected to reach USD 110.6 billion by 2025
  • The global industrial safety market size was valued at USD 5.4 billion in 2020
  • The industrial safety market is projected to reach USD 7.4 billion by 2025
  • The safety sensors segment accounted for the largest share of 32% in the industrial safety market in 2019

Interpretation

As the Industrial Machinery Industry gears up for a high-tech revolution, the statistics paint a picture of innovation on the rise and safety at the forefront. With the industrial 3D printing market set to quadruple by 2025, it's clear that the future is all about adding another dimension to manufacturing. The industrial IoT market, already a hefty sum in 2020, is poised to grow even larger, showing that the industry is not just about machines but also about connectivity and data. And let's not forget about industrial safety, where the spotlight is on sensors - proving that in this brave new world of technology, it's always better to be safe than sorry. So buckle up your hard hats and get ready for a wild ride, because the Industrial Machinery Industry is about to print, connect, and protect its way into the future.

End-User Industries

  • The automotive industry accounted for 28.3% of the industrial machinery market share in 2020
  • The food industry accounted for the largest share of 30% in the packaging machinery market in 2019
  • The manufacturing industry accounted for 31.7% of the industrial automation market share in 2019
  • The oil & gas industry accounted for the largest revenue share of 32.5% in the industrial valves market in 2020
  • The automotive industry accounted for the largest share of 20% in the industrial 3D printing market in 2019
  • The manufacturing industry accounted for the largest share of 33% in the industrial IoT market in 2019
  • The metals & mining industry accounted for the largest share of 35% in the industrial furnace market in 2019
  • The food & beverage industry accounted for the largest share of 30% in the industrial mixer market in 2019
  • The food & beverage industry accounted for the largest share of 35% in the industrial refrigeration market in 2019
  • The automotive industry accounted for the largest share of 30% in the industrial robot market in 2020

Interpretation

In the competitive dance of industrial machinery markets, the automotive industry continues to rev its engine, commanding hefty slices of various sectors like a speedster on the track. While the food industry tantalizes taste buds with its dominance in packaging, and the manufacturing sector orchestrates the automation symphony, it's the oil & gas sector that fuels the revenue fire in the valves market. With the automotive industry also leading the 3D printing charge, it seems they're not just driving innovation but steering the course of various markets. Meanwhile, the manufacturing industry plays conductor in the IoT choir, while metals & mining dig deep to claim their furnace throne. The food & beverage realm spices things up in mixers and refrigeration, showing that in this game of industry thrones, every sector has its time to feast and flex its muscles.

Equipment Types

  • The material handling equipment segment accounted for the largest revenue share of 31.2% in 2020
  • The food processing machinery segment is expected to witness the fastest growth at a CAGR of 4.7% from 2021 to 2028
  • The global CNC machine market size was valued at USD 82.4 billion in 2020
  • The CNC machine market is projected to grow from USD 85.36 billion in 2021 to USD 128.41 billion in 2028
  • The lathe machines segment held the largest market share of 35% in the CNC machine market in 2020
  • The global packaging machinery market size was valued at USD 41.8 billion in 2020
  • The packaging machinery market is projected to reach USD 52.5 billion by 2025
  • The metal cutting segment accounted for 60% of the machine tools market share in 2019
  • The global industrial valves market size was valued at USD 73.3 billion in 2020
  • The industrial valves market is expected to grow at a CAGR of 3.7% from 2021 to 2028
  • The global industrial pumps market size was valued at USD 60.4 billion in 2020
  • The industrial pumps market is expected to grow at a CAGR of 3.9% from 2021 to 2028
  • The centrifugal pumps segment accounted for the largest revenue share of 59.8% in the industrial pumps market in 2020
  • The global industrial air compressor market size was valued at USD 32.7 billion in 2019
  • The industrial air compressor market is expected to grow at a CAGR of 3.4% from 2020 to 2027
  • The rotary air compressor segment accounted for the largest revenue share of 57.2% in the industrial air compressor market in 2019
  • The global industrial boiler market size was valued at USD 13.6 billion in 2020
  • The industrial boiler market is projected to reach USD 17.2 billion by 2025
  • The fire-tube boiler segment accounted for the largest share of 65% in the industrial boiler market in 2019
  • The global industrial furnace market size was valued at USD 10.5 billion in 2020
  • The industrial furnace market is projected to reach USD 14.0 billion by 2025
  • The global industrial gearbox market size was valued at USD 26.2 billion in 2019
  • The industrial gearbox market is expected to grow at a CAGR of 4.7% from 2020 to 2027
  • The helical gearbox segment accounted for the largest revenue share of 35.2% in the industrial gearbox market in 2019
  • The global industrial mixer market size was valued at USD 2.1 billion in 2020
  • The industrial mixer market is projected to reach USD 2.7 billion by 2025
  • The global industrial oven market size was valued at USD 9.1 billion in 2019
  • The industrial oven market is expected to grow at a CAGR of 3.5% from 2020 to 2027
  • The curing ovens segment accounted for the largest revenue share of 35.2% in the industrial oven market in 2019
  • The global industrial refrigeration market size was valued at USD 19.3 billion in 2020
  • The industrial refrigeration market is projected to reach USD 25.1 billion by 2025

Interpretation

In the vast and intricate world of industrial machinery, the numbers dance to their own unique rhythms, telling a story of innovation and evolution. From the rhythmic hum of the material handling equipment segment leading the revenue parade to the flavorful growth projections of the food processing machinery segment, the industrial landscape is a symphony of progress. As the CNC machine market gears up for a lucrative expansion and the packaging machinery market wraps up success in a neat package, it's evident that precision and efficiency are the driving forces behind these industries. Whether cutting through challenges in the metal cutting segment or pumping up the volume in the industrial pumps market, it's clear that these machines are the unsung heroes of modern-day productivity. So, let us raise a toast to the industrial gearbox, the unsung hero of the assembly line, and toast to a future where innovation never cools down in the industrial refrigeration market.

Market Size and Growth

  • The global industrial machinery market size was valued at USD 535.0 billion in 2020
  • The industrial machinery market is expected to grow at a CAGR of 3.9% from 2021 to 2028
  • The global machine tools market size was valued at USD 77.8 billion in 2019
  • The machine tools market is expected to grow at a CAGR of 4.7% from 2020 to 2027

Interpretation

The numbers don't lie – it seems that the industrial machinery industry is gearing up for a robust evolution. With a global market size already exceeding half a trillion dollars and projected growth rates that could outpace a caffeinated cheetah, one thing is clear: these machines mean business. Whether it's the whirring of gears in an assembly line or the precision of a cutting-edge tool, the industrial machinery sector is revving its engines for a high-octane ride into the future. So buckle up, folks, because this market is not just building widgets – it's building momentum.

Regional Analysis

  • Asia Pacific dominated the industrial machinery market with a share of 39.4% in 2020

Interpretation

In the dog-eat-dog world of industrial machinery, Asia Pacific isn't just playing hardball - they're running the whole game. With a commanding share of 39.4% in 2020, it's clear that this powerhouse region is not messing around when it comes to grinding gears and turning screws. The rest of the world might want to tighten their bolts and step up their game if they want to keep pace with Asia Pacific's relentless drive towards domination in the industrial machinery industry.

Robotics and Automation

  • The global industrial robotics market size was valued at USD 43.8 billion in 2021
  • The industrial robotics market is projected to reach USD 75.3 billion by 2026
  • The articulated robots segment accounted for the largest share of 42% in the industrial robotics market in 2020
  • The global industrial automation market size was valued at USD 168.81 billion in 2019
  • The industrial automation market is projected to reach USD 326.14 billion by 2027
  • The global industrial controls market size was valued at USD 121.5 billion in 2020
  • The industrial controls market is projected to reach USD 150.6 billion by 2025
  • The programmable logic controller (PLC) segment accounted for the largest share of 32% in the industrial controls market in 2019
  • The global industrial sensors market size was valued at USD 18.2 billion in 2019
  • The industrial sensors market is expected to grow at a CAGR of 7.2% from 2020 to 2027
  • The pressure sensors segment accounted for the largest revenue share of 23.4% in the industrial sensors market in 2019
  • The global industrial robot market size was valued at USD 43.8 billion in 2021
  • The industrial robot market is projected to reach USD 75.3 billion by 2026

Interpretation

In a world where machines are set to rule the roost, the industrial machinery industry is proving itself to be the ultimate power player, with statistics painting a picture worth more than a billion bucks – literally. With industrial robotics, automation, controls, sensors, and robots all vying for the biggest slice of the pie, it's clear that the future belongs not just to those who dare to dream, but to those who can engineer those dreams into reality. So, buckle up and brace yourselves for a tech-fueled adventure where the only way is up – or should we say, the only way is robotic?

References