The industrial machinery industry is essential to the provision of infrastructure and logistics services worldwide, building everything from tools and heavy equipment vital for the construction and mining industries to the machines necessary for infrastructure development in energy production and distribution. Industrial machines can further assist in aircraft manufacturing, shipbuilding, and the manufacturing of other vehicles. Technological progress in recent years has impacted manufacturing speed, quality, and quantity, thus benefiting productivity and profitability. However, while higher mechanization and automation rates can positively impact the industry's financial performance, it is also reshaping the industrial machinery labor market. Economic conditions, industrial tariffs, and investments made in the industrial machinery sectors are also important within the European Union and across the world.
Global construction equipment market size from 2023 to 2031 (in billion U.S. dollars)
Further details: Visit original statistic Global construction equipment market size from 2023 to 2031 (in billion U.S. dollars)
The global construction and mining equipment industry was worth almost 160.6 billion U.S. dollars in 2021 and is forecast to rise steadily through 2028. The most important markets for this industry include North America, Western Europe, and East Asia. As urbanization is taking off, investments from the public and private sectors into infrastructure projects, such as the Belt and Road Initiative, are projected to push the construction equipment market growth.
Construction materials industryGlobal production value of machine tools from 2011 to 2021 (in billion U.S. dollars)
Further details: Visit original statistic Global production value of machine tools from 2011 to 2021 (in billion U.S. dollars)
With a production value of nearly 84 billion U.S. dollars, the machine tool industry is one of the key industries within the industrial machinery manufacturing sector. Machine tools are used to shape rigid metals, such as metals, by cutting, shearing, grinding, or lathing. The major areas of application include machinery manufacturing and vehicle production.
European machine tool industryGlobal 3D printing products and services market size from 2020 to 2026 (in billion U.S. dollars)
Further details: Visit original statistic Global 3D printing products and services market size from 2020 to 2026 (in billion U.S. dollars)
From the dawn of Industry 1.0, industrial machinery manufacturing has attracted many investments and innovations. By building products layer by layer rather than forging or casting, 3D printing can utilize diverse materials for a wide range of applications, such as producing prototypes. The impact of 3D printing on the sector is still ongoing, and this technology is predicted to be at the forefront of yet another industrial revolution.
3D technologyThe leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars)
Further details: Visit original statistic The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars)
Caterpillar Inc. ranks among the leading global construction and mining equipment manufacturers. The company was founded in 1925 in California following a merger between two of the most important tractor manufacturers in the United States at the time. As a multinational, Caterpillar has employees all around the world, although most of its employees are based in North America.
CaterpillarMachine tool producers' market share in 2021, by country
Further details: Visit original statistic Machine tool producers' market share in 2021, by country
China, Germany, and Japan were the most important producers of machine tools. With a market share of 29 percent in 2021, China is the primary producer and consumer of machine tools. Of producing countries worldwide, Germany was the highest-ranking European country, coming in second with a market share of 15 percent.
European machine tool industry
The industrial machinery manufacturing industry comprises the production of all mechanical machinery for use in the mining, manufacturing, energy, and construction sectors, as well as domestic appliances (e.g., air conditioning). This category includes the manufacturing of machine tools, material handling systems, heavy machinery, and industrial machinery, as well as the manufacture of propulsion and powertrain technologies. Within this sector, Statista presents the most relevant and up-to-date facts relating to the manufacturing of industrial machines. Global, regional, and country-scale data is available, including information on the largest players.
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