Industrial Machinery Market Scope, Growth, Size and Share by 2031
Industrial Machinery Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 234.75 Billion |
Market Size by 2031 | US$ 362.70 Billion |
Global CAGR (2023 - 2031) | 5.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Machinery Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industrial Machinery Market News and Recent Developments
The industrial machinery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for industrial machinery and strategies:
- In November 2022, Ingersoll Rand launched 135MAX Heavy Duty Air Hammer for industrial uses. The 135MAX HD Air Hammer is the next-generation air hammer that builds on the foundation set by 119MAX to offer incredible performance and power at an accessible cost––while leveraging a fine-tuned feather-able trigger inspired by legendary Ingersoll Rand impact wrenches for more precision and even better results. (Source: Ingersoll Rand, Press Release, 2022)
Industrial Machinery Market Report Coverage and Deliverables
The “Industrial Machinery Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles