Industrial Machinery Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024

Industrial machinery market size will exceed USD 771.59 billion by 2024. Estimates further claim that adoption of smart packaging solutions along with escalating need for food processing and packaging owing to shifting trend in the consumer outlook will propel revenue generation from the packaging sector over the forecast period.

Industrial machinery market is anticipated to accrue significant gains in the coming years owing to the wide-ranging application spectrum of these machineries. There exists a wide range of possible uses for these machinery across diverse verticals, including construction, agriculture, mining, food processing packaging, and semiconductor manufacturing. Besides this, rising focus on mechanization of manufacturing processes along with expeditious infrastructure development activities is driving the market growth.

Get sample copy of this research report @

Industrial machinery market is mainly driven by mining and construction equipment industry. These industries play a vital role in the overall market growth as these two segments are expected to register a growth of more than 4.5% through the year 2024.

China has a significant industrial machinery market share across various applications, which has made Asia pacific the most dominant regional market. The region has an unexploited potential consumer base, who generate decent demand. Furthermore, support from the regulatory authorities in the form of tax leniency in various countries, such as South Korea, India, and Japan is fueling industrial machinery market trends in the region.

Western countries are characterized by rising cost of ownership, financial constraints, and favorable federal reforms, which has led to shifting preferences towards rental industrial machinery among contractors, federal authorities, and various construction equipment users. Moreover,  short-term rental schemes are being introduced in these regions, suitable for small scale contractors. Availability of such varied rental subscription plans  has encouraged major companies engage in both non-exclusive and exclusive contracts across  Europe and the U.S. 

Industrial machinery market is likely to accrue significant gains from application in the agriculture sector. Lately, the sector has been showcasing heightened interest towards the use of sophisticated technologies for increasing production. Agronomists are increasingly making use of satellites, agricultural vehicles, and sensors on light aircrafts to map crop conditions with respect to key parameters, such as red & near infrared reflectance. These advanced technologies also facilitate determination of the normalized difference vegetation index (NVDI). Other commonly used agricultural machineries include plowing & cultivating machinery, farm tractors, haying, harvesting, planters, planting & fertilizing, liquid fertilizers spreaders/sprayers, livestock machinery, etc.

Request for customization @

Favorable government norms and economic upturn across the globe have created better opportunities for industrial machinery market players. Companies operating in the industrial machinery space choose to develop their own distributor and supplier network for the marketing of their product. Mergers with large suppliers for the development of systems and parts provide more chances in reaching out to the consumers. For instance, companies based in the U.S export their machines to various countries, such as Mexico, Brazil, Canada, etc. to earn revenues. 

The prominent companies operating in industrial machinery market include Terex, Atlas Copco, Komatsu, Caterpillar, Hitachi, Sandvik, etc.

Table of Contents (ToC) of the report:

Chapter 1         Methodology & Scope

1.1     Research Methodology

1.1.1     Initial data exploration

1.1.2     Statistical model and forecast

1.1.3     Industry insights and validation

1.1.4     Research scope and assumptions

1.2     Data Sources

1.2.1     Primary sources

1.2.2     Secondary sources

Chapter 2         Executive Summary

2.1     Industrial machinery industry 3600 synopsis, 2013 - 2024

2.1.1     Business trends

2.1.2     Regional trends

2.1.3     Application trends

Chapter 3         Industrial Machinery Market Insights

3.1     Industry segmentation

3.2     Industry Size and forecast, 2013 - 2024

3.3     Industry ecosystem analysis

3.3.1     Distribution channel analysis

3.3.2     Vendor matrix

3.4     Technology & innovation landscape

3.4.1     Agriculture  Soil compaction  Mapping fields and crops

3.4.2     Construction  Wearable smart sensors  Tool tracking  Tablets and Wi-Fi  Mobile apps

3.5     Regulatory landscape

3.5.1     U.S.  Occupational Safety and Health Administration (OSHA)           ANSI Standards           National Fire Protection Association(NFPA)  Canada           Duty-Free Manufacturing Tariff Regime  Mexico

3.5.2     EU  Machinery Directive 2006/42/EC

3.5.3     China  MEP (Ministry of Environmental Protection, the People’s Republic of China)  CCC Mark  Protection of intellectual property rights

3.5.4     India  Occupational Health and Safety (OH&S)  Emission standards for diesel construction machinery  Emission standards for diesel agricultural tractors

3.6     Industry Impact forces

3.6.1     Growth drivers  Increasing mechanization of farming operations  Escalating infrastructure spending  Rising adoption of smart packaging solutions  Surging globalization to trigger food processing sector

3.6.2     Industry pitfalls & challenges  Health and safety concerns  Lack of skilled labor and technicians

3.7     Growth potential analysis

3.8     Company market share analysis, 2015

3.8.1     Strategic landscape

3.9     Porter’s analysis

3.10   PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @