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Europe Industrial Machinery Market Share
The Europe industrial machinery industry is fragmented, with prominent players, such as Siemens AG, ABB Ltd., Atlas Copco AB, KUKA AG, Bosch Rexroth AG holding a market share of 25-30%. To meet the growing consumer demand, manufacturers are adopting steps such as wide availability of products and machineries outside the Europe, continuous ongoing R & D and technological advancements which gives these companies the competitive advantage.
Europe Industrial Machinery Market Companies
Major players operating in the Europe industrial machinery industry include:
- ABB Ltd.
- Alfa Laval AB
- Atlas Copco AB
- Bosch Rexroth AG
- CNH Industrial N.V.
- Festo SE & Co. KG
- GEA Group AG
- Komatsu Europe International N.V.
- KUKA AG
- Liebherr Group
- Sandvik AB
- Schindler Group
- Siemens AG
- Trumpf GmbH + Co. KG
- Voith GmbH & Co. KGaA
Mention the key players involved in Europe industrial machinery industry?
ABB Ltd., Alfa Laval AB, Atlas Copco AB, Bosch Rexroth AG, CNH Industrial N.V., Festo SE & Co. KG, GEA Group AG, Komatsu Europe International N.V., KUKA AG, and Liebherr Group
How big is the Germany industrial machinery industry?
Germany industrial machinery market generated USD 20.3 billion in 2023 and is expected to cross USD 31.9 billion by 2032, attributed to the strong industrial base and quality of engineering.
Why is the demand for automated industrial machinery growing in Europe?
The automated segment in the Europe industrial machinery market generated USD 45.5 billion in 2023 and is expected to reach USD 66.3 billion by 2032, attributed to the compelling blend of precision and reduced labor costs by automated machines.
What is the size of the Europe industrial machinery market?
The market size of Europe industrial machinery was worth over USD 102.8 billion in 2023 and is anticipated to register 4% CAGR between 2024 and 2032, owing to the expansion of automotive sector.