Industrial Machinery market size | Industry Trends & Forecast 2025

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Code: MTA10079

Publication Date: Oct 2025

What is the size of Industrial Machinery Market?

According to 6Wresearch internal database and industry insights, the Global Industrial Machinery Market was valued at USD 385.2 Billion in 2024 and is expected to reach USD 546.8 Billion by 2031, growing at a compound annual growth rate of 6.12% during the forecast period (2025-2031).

The key contributors to this growth include accelerated industrial automation, growth of manufacturing plants, infrastructure development, and technology providing improvements in machine performance, precision, and efficiency in industries.

Growth Factors for Industrial Machinery Industry

Increased adoption of automation and robotics for improved production efficiency.
Increase in the global investments in infrastructure and construction projects.
Technology advancements in precision engineering and digital control technology.
Expansion of demand for heavy machinery in the energy, mining, and transport industries.
Increase emphasis on predictive maintenance and management of equipment lifecycle.

Industrial Machinery Market Trends

Trends in the Industrial Machinery Market indicate increasing momentum towards smart, connected machines linked with IoT and AI for real-time monitoring. Manufacturers are highlighting energy-efficient and modular designs to provide more flexibility and reduced costs. Additive manufacturing and 3D printing are transforming the consumption of machined components. Finally, the introduction of Industry 4.0 is enabling generations of digital twins, and data-driven analytics are driving productivity improvements and reducing downtime.

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Emerging Developments in the Industrial Machinery Market

The Industrial Machinery Market developments include growing collaboration between equipment manufacturers and technology providers to deliver advanced automation solutions. Companies are introducing cloud-enabled platforms for remote diagnostics and performance optimization. Sustainable manufacturing practices, including recyclable materials and energy-efficient drives, are gaining momentum. Additionally, hybrid and electric-powered machinery is emerging as a major innovation trend aligned with global sustainability objectives.