The Latest Industrial Machinery Industry Statistics Explained
The global market size for industrial machinery was $ 568.6 billion in 2020.
The statistic “The global market size for industrial machinery was $568.6 billion in 2020” represents the total value of sales generated by the industrial machinery sector worldwide during the year 2020. This figure reflects the economic significance of the industrial machinery industry on a global scale, indicating the total amount of revenue generated by manufacturers, suppliers, and other stakeholders within the sector. Understanding the market size is crucial for assessing the growth and performance of the industry, identifying key players, and making informed decisions related to investments, strategic planning, and market expansion opportunities within the industrial machinery sector.
Statista predicts that the industry will generate about $493 billion in revenue by 2022.
This statistic indicates that based on their analysis and forecasting, Statista projects that the industry in question is set to generate approximately $493 billion in revenue by the year 2022. This prediction suggests that the industry is expected to experience significant growth and prosperity over the coming years. The forecasted revenue figure serves as a benchmark for assessing the industry’s potential economic impact and offers valuable insights for businesses, investors, policymakers, and other stakeholders to make informed decisions and strategic plans related to this industry in anticipation of its anticipated growth and market outlook.
By 2027, the industrial machinery manufacturing market in the U.S. could be worth $41.6 billion.
The statement indicates that the industrial machinery manufacturing market in the United States is projected to expand and reach a value of $41.6 billion by the year 2027. This statistic suggests potential growth and opportunities within the industry over the next several years, reflecting a positive outlook for companies operating in this sector. Factors contributing to this growth could include technological advancements, increasing demand for industrial machinery, and overall economic conditions. It is important for stakeholders in the industry to take note of this forecast and be prepared to capitalize on the potential market expansion.
The U.S. exported roughly $141.6 billion worth of machinery (not including automobiles) in 2019.
The statistic indicates that in the year 2019, the United States exported approximately $141.6 billion worth of machinery, excluding automobiles. This suggests that machinery exports are a significant contributor to the country’s overall export industry. Machinery encompasses a wide range of products such as manufacturing equipment, agricultural machinery, construction machinery, and industrial machinery. The substantial value of machinery exports highlights the competitiveness and technological advancements of the U.S. manufacturing sector, showcasing the country’s ability to produce high-quality machinery for global consumption and driving economic growth through international trade.
Asia Pacific region dominated the global industrial machinery market in 2020, with a 42.7% share.
The statistic indicates that in 2020, the Asia Pacific region held a significant presence in the global industrial machinery market, accounting for 42.7% of the market share. This suggests that a considerable portion of industrial machinery production, sales, or consumption activities occurred in countries within the Asia Pacific region during that period. Factors contributing to this dominance may include economic growth, industrialization, technological advancements, and a strong manufacturing sector within countries in the Asia Pacific region. This statistic highlights the region’s influence and importance in the global industrial machinery market landscape in 2020.
China is the largest machinery producer, reaching $284 billion in revenue in 2020.
The statistic that China is the largest machinery producer, generating $284 billion in revenue in 2020, highlights the significant economic contribution of the machinery industry within the country. This data indicates the scale and strength of China’s manufacturing sector, particularly in producing machinery equipment for various sectors including construction, agriculture, and manufacturing. The substantial revenue figure further underscores China’s dominance in the global machinery market, reflecting the country’s industrial capabilities, technological advancements, and competitive edge in manufacturing. Overall, the statistic signifies China’s pivotal role in the machinery industry and its position as a key player in the global economy.
The machinery industry’s projected annual growth rate for 2021-2025 is about 2.7% worldwide.
The statistic indicates that the machinery industry is expected to experience a positive growth trend over the period 2021-2025, with a projected annual growth rate of approximately 2.7% globally. This suggests that the demand for machinery products and services is anticipated to increase steadily over the next five years. Factors such as technological advancements, increased automation in various sectors, and infrastructure development projects are likely to drive this growth. This statistic offers valuable insights for policymakers, investors, and industry stakeholders regarding potential market opportunities and challenges in the machinery sector during the forecasted period.
The U.S. Machinery Manufacturing industry has about 25,000 companies.
The statistic that the U.S. Machinery Manufacturing industry has about 25,000 companies signifies the diversity and competitiveness within the sector. This large number of companies indicates a robust industry with numerous players involved in the manufacturing of machinery and equipment for various sectors such as agriculture, construction, and industrial applications. The presence of 25,000 companies suggests a dynamic market with a wide range of products and services, fostering innovation and driving technological advancements within the industry. Additionally, it highlights the significant contribution of the machinery manufacturing sector to the U.S. economy in terms of employment, economic output, and overall industrial growth.
The industrial machinery market is expected to witness CAGR of 5.6% from 2020 to 2027.
The statistic stating that the industrial machinery market is expected to witness a Compound Annual Growth Rate (CAGR) of 5.6% from 2020 to 2027 indicates the projected steady annual growth rate for the industry over the specified period. A CAGR of 5.6% suggests that, on average, the market size for industrial machinery is anticipated to increase by 5.6% each year from 2020 to 2027. This prediction implies a positive outlook for the industrial machinery sector, reflecting potential opportunities for businesses operating within this market to expand and generate increasing revenue and profits over the forecasted timeframe.
In 2019, the U.S. construction machinery manufacturing segment utilized approximately $30.5 billion of materials.
The statistic indicates that in 2019, the construction machinery manufacturing segment in the United States spent a total of around $30.5 billion on materials. This figure represents the total cost incurred by the industry to acquire various materials such as steel, plastics, electronics, and other components necessary for the production of construction machinery. The expenditure on materials is a significant aspect of production costs and can provide insights into the overall activity and scale of the construction machinery manufacturing sector within the U.S. economy. Monitoring the expenditure on materials can help in assessing the industry’s growth, investment patterns, and overall economic performance.
Metalworks Machinery segment contributed the largest revenue share in the industrial machinery market amounting to $36.9 billion in 2020.
The statistic indicates that within the industrial machinery market, the Metalworks Machinery segment generated the highest revenue in 2020, with a total of $36.9 billion. This suggests that Metalworks Machinery, which includes equipment used in metal fabrication and processing, such as welding machines, metal-cutting tools, and metal-forming machinery, played a significant role in driving the overall financial performance of the industrial machinery sector during that year. The substantial revenue share attributed to the Metalworks Machinery segment underscores its importance within the industry and highlights its strong market position compared to other segments, signifying a potentially lucrative and competitive market space.
The Industrial machinery and components industry in South Korea was expected to grow by 2% in 2020.
The statistic indicates that the industrial machinery and components industry in South Korea was projected to experience a 2% growth rate in the year 2020. This suggests that the industry was anticipated to expand modestly during that period, likely due to factors such as increased demand for machinery and components both domestically and internationally. A 2% growth rate reflects a steady but relatively moderate pace of expansion compared to higher growth rates, indicating a stable and sustained progress for the industry in South Korea during 2020.
Industrial machinery contributed to about 12% of the total German machinery industry in 2020.
The statistic “Industrial machinery contributed to about 12% of the total German machinery industry in 2020” means that out of all the machinery produced in Germany during that year, the industrial machinery sector accounted for approximately 12% of the total output. This indicates the relative significance and size of the industrial machinery segment within the broader machinery industry in Germany. It suggests that industrial machinery plays a substantial role in the overall machinery sector in the country and may have implications for economic performance, employment levels, and technological advancements within the industry. Understanding the specific contributions of different segments within the machinery industry can help policymakers, businesses, and analysts make informed decisions about investments, policies, and strategies related to this critical sector.
The usage of 3D printing in machinery production rose to 20.6% in the year 2019.
The statistic “The usage of 3D printing in machinery production rose to 20.6% in the year 2019” indicates that the adoption and integration of 3D printing technology in the manufacturing industry specifically for machinery production had increased significantly over the course of 2019. This rise to 20.6% suggests that a larger proportion of machinery manufacturers have begun to incorporate 3D printing techniques into their production processes compared to previous years. This trend highlights a growing recognition of the benefits of 3D printing, such as increased efficiency, reduced costs, and greater design flexibility, within the machinery production sector, leading to an overall positive impact on the industry’s operations and capabilities.
The average salary for an industrial engineer in the Machinery Manufacturing industry in the U.S. is approximately $77k per year.
The statistic states that the average salary for industrial engineers working in the Machinery Manufacturing industry in the United States is around $77,000 per year. This figure represents the mean or average salary for individuals working in this specific sector. The statistic provides valuable information for individuals seeking careers in industrial engineering within the Machinery Manufacturing industry, giving them an idea of the expected earnings they could potentially earn in this field. However, it is important to note that individual salaries can vary based on factors such as experience, education, location, and company size.
The German machinery and industrial equipment industry has a turnover of €212 billion.
The statistic stating that the German machinery and industrial equipment industry has a turnover of €212 billion represents the total value of goods and services produced and sold in the industry within a given timeframe, typically a year. This turnover reflects the substantial economic activity and output generated by the industry, which is known for its high-quality manufacturing and advanced technology. The figure of €212 billion indicates the significant scale and importance of the industry within the German economy, highlighting its role as a major contributor to both national GDP and global industrial supply chains.
As of 2020, the Brazilian industrial machinery and components industry was valued at $67 billion.
The statistic states that as of 2020, the Brazilian industrial machinery and components industry had a total estimated value of $67 billion. This value represents the worth of all industrial machinery and components produced, sold, and used within Brazil during that year. The significance of this statistic lies in the economic importance of the industrial machinery sector within the Brazilian economy, as it indicates the scale and value of production activities within this industry. This figure can be used to analyze the overall health and growth potential of the industrial machinery and components sector in Brazil, serving as a key indicator for policymakers, investors, and researchers interested in understanding the country’s industrial capabilities and competitiveness.
In 2019, the Industrial Machinery industry in Japan produced machinery worth approximately $130 billion.
The statistic states that in the year 2019, the Industrial Machinery industry in Japan manufactured machinery amounting to approximately $130 billion in value. This figure represents the total output of machinery products produced by companies within this specific industry sector in Japan during that year. It is a key indicator of the economic activity and production capacity of the Industrial Machinery industry in Japan, highlighting its significant contribution to the overall economy. This statistic helps to provide insights into the size, scale, and importance of the Industrial Machinery sector within the industrial landscape of Japan, demonstrating its substantial output and impact on the country’s manufacturing sector.
The food product machinery manufacturing segment in the U.S was valued at around $7 billion in 2019.
The statistic indicates that the food product machinery manufacturing segment in the U.S had a total estimated value of approximately $7 billion in the year 2019. This figure represents the collective worth of all machinery specifically designed for the production and processing of food products within the manufacturing industry. The value of $7 billion highlights the significant economic contribution of this sector to the U.S economy, indicating a substantial market size and demand for food production machinery. This statistic can be used by industry stakeholders, policymakers, and investors to assess the growth and importance of the food machinery manufacturing industry in the U.S market.
The Italian machinery and equipment manufacturing industry recorded a turnover of €47 billion in 2019.
The statistic indicates that the Italian machinery and equipment manufacturing industry generated a total revenue of €47 billion in the year 2019. This turnover figure represents the total value of sales made by companies within this sector during that specific time period. The high turnover suggests a significant level of economic activity and business operations within the industry, highlighting its importance in the Italian economy. This statistic can be used to assess the industry’s growth and performance, as well as its contribution to the overall economic landscape of Italy during the specified year.
Conclusion
Understanding the key statistics and trends within the Industrial Machinery Industry is crucial for businesses to make informed decisions and stay competitive in this rapidly evolving sector. By analyzing data on market size, revenue, production, and key players, companies can identify opportunities for growth, assess potential risks, and strategize effectively for the future. Keeping a close eye on industry statistics will be essential for shaping successful business strategies and navigating the changing landscape of the Industrial Machinery Industry.
References
0. – https://www.www.census.gov
1. – https://www.www.istat.it
2. – https://www.www.mckinsey.com
3. – https://www.www.grandviewresearch.com
4. – https://www.www.ibisworld.com
5. – https://www.www.vdma.org
6. – https://www.www.payscale.com
7. – https://www.machinerypete.com
8. – https://www.www.statista.com
