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One prominent trend is the growth of being sustainable and usage of energy efficient materials even in the industrial machinery industry as sustainability and energy efficiency are becoming increasingly important in the European industrial machinery market. The European Union has set goals of achieving carbon neutrality by 2050. In response, manufacturers are investing in machinery development that consumes less energy and reduces environmental impact. This shift towards sustainability is also reflected in the increasing adoption of electric and hybrid machines, which are less polluting as compared to traditional diesel-powered equipment.
Also, there is a surge of adoption of automation and robotics in the market as companies seek to improve productivity and address labor shortages. Robotics and automated systems are becoming more prevalent in manufacturing plants, enabling higher precision, faster production cycles, and reduced human error. As automation becomes more advanced and accessible, the demand for industrial machinery that incorporates robotics and automated systems is anticipated to rise.
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
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.
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.
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.