Home > Industrial Machinery > Industrial Equipment > Industrial Machinery Market

Industrial Machinery Market Share

Report ID: GMI801
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Industrial Machinery Market Share

Global Industrial Machinery Company Market Share Analysis, 2023

edge technologies like artificial intelligence and robotics in industrial applications.

The global industrial machinery industry is highly fragmented in nature with prominent players operating in the market such Deere & Company, Caterpillar Inc., Komatsu Ltd., ASML, and Sandvik AB. These together hold a market share of 2 to 3%. The market encompasses a wide range of machinery for various industries, from construction and metalworking to food processing and textiles. This variety leads to specialization among manufacturers, with many focusing on specific machinery types. There are a large number of companies competing in the market, with a mix of global giants, regional players, and niche specialists. This creates a competitive landscape without a dominant few.

Industrial Machinery Market Companies

Major players operating in the Industrial Machinery industry include:

AGCO Corporation
ALFA LAVAL
ASML
Atlas Copco AB
Brandt Industries Ltd.
Caterpillar Inc.
CNH Industrial N
Deere & Company
ESCO Corp.
Gerdau S.A.
GEA Group
Hitachi Construction Machinery Co., Ltd.
Honeywell International Inc.
Illinois Tool Works Inc.
Ingersoll Rand
Komatsu Ltd.
Mitsubishi Electric Corporation
Sandvik AB
ShawCor Ltd.
Terex Corporation
Volvo Construction Equipment

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of industrial machinery was reached USD 693.7 billion in 2023 and is anticipated to register 7.5% CAGR between 2024 and 2032, due to the rising adoption of smart packaging solutions and escalating infrastructure spending.

The construction segment in the industrial machinery market held 43.3% revenue share in 2023 due to the high demand for construction equipment driven by significant infrastructure development and urbanization projects worldwide.

North America industrial machinery market held 45 % revenue share in 2023 driven by advanced manufacturing, substantial industrial investments, strong economic stability, and a competitive environment with leading industrial machinery manufacturers and innovators.

AGCO Corporation, ALFA LAVAL, ASML, Atlas Copco AB, Brandt Industries Ltd., Caterpillar Inc., CNH Industrial N, Deere & Company, ESCO Corp., Gerdau S.A., and GEA Group, among others