| Product Code: ETC5408044 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia machinery market experienced a significant import trend from 2023 to 2024, with a growth rate of 65.15%. The compound annual growth rate (CAGR) for 2020-2024 stood at 44.4%. This surge in imports can be attributed to a notable demand shift towards advanced machinery technologies, indicating a strengthening market stability and a positive trade environment in Armenia.
In the Asia region, the Machinery market in Armenia is projected to expand at a high growth rate of 14.88% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Machinery Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Machinery Market - Industry Life Cycle |
3.4 Armenia Machinery Market - Porter's Five Forces |
3.5 Armenia Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Machinery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Armenia Machinery Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Armenia Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for automation and advanced technology in industries in Armenia |
4.2.2 Increasing investments in infrastructure development projects |
4.2.3 Government initiatives to promote local manufacturing and industrial growth |
4.3 Market Restraints |
4.3.1 Limited access to financing for machinery purchases |
4.3.2 Volatility in raw material prices affecting production costs |
4.3.3 Lack of skilled workforce for operating and maintaining advanced machinery |
5 Armenia Machinery Market Trends |
6 Armenia Machinery Market Segmentations |
6.1 Armenia Machinery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Machinery Market Revenues & Volume, By Agriculture, Construction, And Mining Machinery, 2021-2031F |
6.1.3 Armenia Machinery Market Revenues & Volume, By Industrial Machinery, 2021-2031F |
6.1.4 Armenia Machinery Market Revenues & Volume, By Commercial And Service Industry Machinery, 2021-2031F |
6.1.5 Armenia Machinery Market Revenues & Volume, By Ventilation, 2021-2031F |
6.1.6 Armenia Machinery Market Revenues & Volume, By Heating, 2021-2031F |
6.1.7 Armenia Machinery Market Revenues & Volume, By Air-Conditioning, 2021-2031F |
6.2 Armenia Machinery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Armenia Machinery Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.2.3 Armenia Machinery Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Armenia Machinery Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.2.5 Armenia Machinery Market Revenues & Volume, By Others, 2021-2031F |
6.2.6 Armenia Machinery Market Revenues & Volume, By Others, 2021-2031F |
6.3 Armenia Machinery Market, By Nature |
6.3.1 Overview and Analysis |
6.3.2 Armenia Machinery Market Revenues & Volume, By Organic, 2021-2031F |
6.3.3 Armenia Machinery Market Revenues & Volume, By Conventional, 2021-2031F |
7 Armenia Machinery Market Import-Export Trade Statistics |
7.1 Armenia Machinery Market Export to Major Countries |
7.2 Armenia Machinery Market Imports from Major Countries |
8 Armenia Machinery Market Key Performance Indicators |
8.1 Percentage increase in adoption of automation technologies in Armenian industries |
8.2 Growth rate of investments in infrastructure projects related to machinery usage |
8.3 Number of government policies or incentives supporting local manufacturing and machinery sector innovation |
9 Armenia Machinery Market - Opportunity Assessment |
9.1 Armenia Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Machinery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Armenia Machinery Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Armenia Machinery Market - Competitive Landscape |
10.1 Armenia Machinery Market Revenue Share, By Companies, 2024 |
10.2 Armenia Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |