Machinery and Industrial Automation Market Size, Trends and Insights By Industry Verticals (Manufacturing, Energy & Utilities, Chemicals & Pharmaceuticals, Food & Beverage, Others), By Automation Technologies (PLC Systems, SCADA, DCS, Robotics, Others), By Product Types (Sensors & Actuators, Industrial Robots, Control Systems), By End-User Applications (Material Handling & Packaging, Assembly & Disassembly, Process Automation, Quality Control), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI37530

Published Date: January 2024

Pages: 320+

Category: Industrial Automation And Equipment

Report Snapshot

CAGR: 8.2%
185.2B
2022
200.4B
2023
407.4B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Siemens AG
  • ABB Ltd.
  • Rockwell Automation Inc.
  • Mitsubishi Electric Corporation
  • General Electric Company
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Machinery and Industrial Automation Market is expected to record a CAGR of 8.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 200.4 Billion. By 2032, the valuation is anticipated to reach USD 407.4 Billion.

Industrial Installations of Industrial Robots 2020 to 2026

Year Thousand Units
2020 390
2021 526
2022 553
2023 593
2024 622
2025 662
2026 718
Source: According to the International Federation of Robotics (IFR)

The machinery and industrial automation market refers to the sector focused on providing advanced technologies and solutions for automating industrial processes. It encompasses the development, deployment, and integration of machinery, robotics, control systems, and software to streamline manufacturing, enhance efficiency, and improve productivity across various industries.

Key components include Programmable Logic Controllers (PLCs), robotics, sensors, and advanced control systems. The market’s evolution is marked by continuous innovations, including the integration of artificial intelligence, the Industrial Internet of Things (IIoT), and digital twins, driving advancements in smart factories and Industry 4.0 initiatives.

Machinery and Industrial Automation Market – Significant Growth Factors

The Machinery and Industrial Automation Market presents significant growth opportunities due to several factors:

  • Industry 4.0 Adoption: The widespread adoption of Industry 4.0 principles, involving the integration of digital technologies like IoT and AI, drives the demand for advanced automation solutions, enhancing overall operational efficiency and productivity.
  • Demand for Increased Efficiency: Industries seek automation solutions to optimize processes, reduce operational costs, and enhance production efficiency, driving the adoption of robotics, smart sensors, and other advanced technologies.
  • Technological Advancements: Continuous advancements in robotics, machine learning, and control systems contribute to the development of more sophisticated and flexible industrial automation solutions, meeting evolving industry needs.
  • Focus on Worker Safety: Automation is increasingly being embraced to enhance workplace safety by delegating hazardous tasks to machines, reducing the risk of accidents and improving overall occupational safety.
  • Global Supply Chain Resilience: The need for resilient supply chains, particularly in the post-pandemic landscape, presents an opportunity for automation solutions that enhance agility, reduce dependency on global suppliers, and ensure continuity in manufacturing operations.
  • Sustainability Initiatives: Growing emphasis on sustainability opens avenues for automation technologies that contribute to energy efficiency, waste reduction, and environmentally friendly practices, aligning with the global shift towards eco-conscious industrial processes.

Machinery and Industrial Automation Market – Mergers and Acquisitions

The Machinery and Industrial Automation Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Machinery and Industrial Automation Market include:

  • In 2022, Schaefer Systems International Pvt. Ltd has unveiled the SSI Piece Picking application, a fully automated piece-picking system with cutting-edge features. This versatile solution incorporates intelligent software, employing AI for object recognition, pick-and-place capabilities, patented gripping point determination, and exceptionally gentle product handling for enhanced automation efficiency.
  • In 2021, Accenture plc successfully acquired Pollux, an industrial automation solution provider, aligning with Accenture’s strategy to harness Pollux’s proficiency in automation and robotics. This strategic move enhances Accenture’s capabilities and strengthens its position in the rapidly evolving industrial automation market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Machinery and Industrial Automation Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Machinery and Industrial Automation Market Water Sensor Market Electric Truck
CAGR 8.2% (Approx) CAGR 6.4% (Approx) CAGR 8.2% (Approx)
USD 407.4 Billion by 2032 USD 108.8 Billion by 2032 USD 2.1 billion by 2032

Machinery and Industrial Automation Market – Significant Threats

The Machinery and Industrial Automation Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Cybersecurity Risks: The increasing connectivity of industrial systems and the adoption of Industry 4.0 technologies expose the machinery and industrial automation market to significant cybersecurity threats, including potential breaches, data manipulation, and operational disruptions.
  • High Initial Investment Costs: The deployment of advanced machinery and industrial automation solutions often involves substantial upfront costs. This financial barrier may deter some industries, particularly small and medium-sized enterprises (SMEs), from investing in these technologies, limiting market expansion.
  • Integration Challenges: Compatibility and integration issues may arise when implementing diverse automation technologies. The complexity of integrating new solutions with existing systems can pose a significant challenge, affecting the seamless adoption of advanced automation in some industries.
  • Workforce Displacement Concerns: The widespread adoption of automation raises concerns about job displacement, leading to potential resistance from labor groups and policymakers. The fear of unemployment and social implications could pose a threat to the acceptance and regulatory support for advanced machinery and industrial automation solutions.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 200.4 Billion
Projected Market Size in 2032 USD 407.4 Billion
Market Size in 2022 USD 185.2 Billion
CAGR Growth Rate 8.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Industry Verticals, Automation Technologies, Product Types, End-User Applications and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Industry Vertical

  • Manufacturing: The manufacturing segment in the Machinery and Industrial Automation Market involves the production of goods. Trends include the rise of smart factories with interconnected systems, advanced robotics, and real-time monitoring, optimizing production processes for efficiency and flexibility.
  • Energy & Utilities: In the Energy & Utilities sector, automation focuses on optimizing power generation, distribution, and resource management. Trends include the adoption of predictive maintenance through IoT, enhancing overall system reliability and efficiency.
  • Chemicals & Pharmaceuticals: Chemicals & Pharmaceuticals automation ensures precise control and safety in manufacturing processes. Trends include the integration of process analytical technology and robotics, enhancing quality, reducing waste, and ensuring compliance with stringent regulations.
  • Food & Beverage: Automation in the Food & Beverage industry emphasizes hygiene, traceability, and efficiency. Trends include the use of automated packaging, IoT-enabled supply chain management, and robotics for tasks like sorting and quality control, ensuring safe and high-quality products.
  • Others: Automation trends in various industries (Others) span diverse applications, from automotive to aerospace. Key trends include the adoption of collaborative robotics, AI-driven predictive maintenance, and digital twins, enhancing operational efficiency and adaptability across a broad spectrum of applications.

By Automation Technology

  • PLC Systems: Programmable Logic Controller (PLC) systems are ruggedized industrial computers that control machinery and processes. Increasingly compact and versatile PLCs, integration with IoT for data analysis, and focus on cybersecurity measures.
  • SCADA: Supervisory Control and Data Acquisition (SCADA) systems monitor and control industrial processes. Cloud-based SCADA solutions, enhanced cybersecurity measures, and integration with IoT for real-time data analytics.
  • DCS: Distributed Control System (DCS) manages complex industrial processes across multiple locations. Integration with IIoT for seamless communication, emphasis on cybersecurity, and increased use of modular, scalable architectures.
  • Robotics: Industrial robots automate tasks in manufacturing and other industries. Collaborative robots (cobots), AI-driven robotics, and increasing flexibility and adaptability of robotic systems.
  • Others: Encompasses various automation technologies beyond PLC, SCADA, DCS, and robotics. The emergence of digital twins for predictive maintenance, advanced sensor technologies, and the integration of artificial intelligence for decision-making in industrial processes.

Global Machinery and Industrial Automation Market 2023–2032 (By Billion)

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By Product Type

  • Sensors & Actuators: Sensors detect and measure physical attributes, while actuators control machinery. Trends include the integration of smart sensors for real-time data, and enhancing predictive maintenance. Actuators, driven by AI, enable precise control. Both advance industrial automation by improving efficiency and responsiveness.
  • Industrial Robots: Industrial robots are automated machines capable of performing tasks in manufacturing. Trends involve collaborative robots (cobots) for human-robot collaboration, enhanced mobility, and AI-driven automation, boosting flexibility and productivity in diverse industries.
  • Control Systems: Control systems manage and regulate industrial processes. Trends encompass the rise of cloud-based control systems, enabling remote monitoring and analytics. Advanced control algorithms, often incorporating AI, enhance precision and optimize processes, driving efficiency and adaptability in industrial automation.

By End User Application

  • Material Handling & Packaging: Involves the automated movement, sorting, and packaging of materials within industrial settings. Integration of robotic arms for precise handling, conveyor automation for efficiency, and smart packaging solutions with IoT connectivity for real-time tracking and monitoring.
  • Assembly & Disassembly: Automated processes of assembling and disassembling components within manufacturing operations. Collaborative robotics for human-machine interaction, vision systems for accuracy, and flexible automation solutions to accommodate varying assembly requirements.
  • Process Automation: Automation of industrial processes, optimizing efficiency, and minimizing human intervention. Implementation of advanced control systems, IIoT for data-driven decision-making, and the integration of AI for predictive maintenance and process optimization.
  • Quality Control: Automated inspection and verification processes to ensure the quality of manufactured products. Utilization of machine vision systems for defect detection, AI algorithms for real-time analysis, and integration with data analytics for continuous improvement in quality assurance.

Global Machinery and Industrial Automation Market 2023–2032 (By Product Types)

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Machinery and Industrial Automation Market – Regional Analysis

The Machinery and Industrial Automation Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: North America is experiencing a surge in the adoption of collaborative robots (cobots) in manufacturing. The trend is driven by a focus on human-machine collaboration, allowing for safer and more flexible production processes. Cobots are increasingly integrated into diverse industries, enhancing productivity and efficiency.
  • Europe: Europe is witnessing a growing emphasis on sustainable and eco-friendly manufacturing. Industries are adopting machinery and automation solutions that promote energy efficiency, reduce carbon footprint, and align with stringent environmental regulations. This trend reflects a commitment to green practices and corporate social responsibility.
  • Asia-Pacific: These region processes, and improve overall operational efficiency. This trend is driven by a strong focus on technological innovation and digital transformation.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA is witnessing an increasing adoption of smart manufacturing practices. The integration of advanced automation technologies, IoT, and AI is transforming traditional manufacturing processes, and enhancing competitiveness. This trend reflects a shift towards modernization, increased efficiency, and improved competitiveness in the global market.

Global Machinery and Industrial Automation Market 2023–2032 (By Automation Technologies)

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Competitive Landscape – Machinery and Industrial Automation Market

The Machinery and Industrial Automation Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Siemens AG
  • ABB Ltd.
  • Rockwell Automation Inc.
  • Mitsubishi Electric Corporation
  • General Electric Company
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • FANUC Corporation
  • Emerson Electric Co.
  • Kuka AG
  • Robert Bosch GmbH
  • Eaton Corporation plc
  • Omron Corporation
  • Danfoss A/S
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players such as XYZ Robotics and InnovateTech are entering the machinery and industrial automation market with a focus on cutting-edge technologies. They leverage innovations like collaborative robotics, AI, and IoT to carve a niche and disrupt traditional practices. These new entrants emphasize agility and novel solutions to gain traction in the dynamic market.

Established leaders like Siemens, ABB, and Rockwell Automation continue to dominate the market. Their extensive expertise, global reach, and ongoing R&D investments reinforce their stronghold. These key players consistently introduce advanced solutions, set industry standards, and build strategic partnerships to maintain leadership positions in the competitive landscape.

The Machinery and Industrial Automation Market is segmented as follows:

By Industry Verticals

  • Manufacturing
  • Energy & Utilities
  • Chemicals & Pharmaceuticals
  • Food & Beverage
  • Others

By Automation Technologies

  • PLC Systems
  • SCADA
  • DCS
  • Robotics
  • Others

By Product Types

  • Sensors & Actuators
  • Industrial Robots
  • Control Systems

By End-User Applications

  • Material Handling & Packaging
  • Assembly & Disassembly
  • Process Automation
  • Quality Control

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Machinery and Industrial Automation Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Machinery and Industrial Automation Market: snapshot
  • Chapter 3. Global Machinery and Industrial Automation Market – Industry Analysis
    • 3.1 Machinery and Industrial Automation Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Industry 4.0 Adoption
      • 3.2.2 Demand for Increased Efficiency
      • 3.2.3 Technological Advancements
      • 3.2.4 Focus on Worker Safety
      • 3.2.5 Global Supply Chain Resilience
      • 3.2.6 Sustainability Initiatives.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Industry Verticals
      • 3.7.2 Market Attractiveness Analysis By Automation Technologies
      • 3.7.3 Market Attractiveness Analysis By Product Types
      • 3.7.4 Market Attractiveness Analysis By End-User Applications
  • Chapter 4. Global Machinery and Industrial Automation Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Machinery and Industrial Automation Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Machinery and Industrial Automation Market – Industry Verticals Analysis
    • 5.1 Global Machinery and Industrial Automation Market Overview: By Industry Verticals
      • 5.1.1 Global Machinery and Industrial Automation Market Share, By Industry Verticals, 2022 and 2032
    • 5.2 Manufacturing
      • 5.2.1 Global Machinery and Industrial Automation Market by Manufacturing, 2023 – 2032 (USD Billion)
    • 5.3 Energy & Utilities
      • 5.3.1 Global Machinery and Industrial Automation Market by Energy & Utilities, 2023 – 2032 (USD Billion)
    • 5.4 Chemicals & Pharmaceuticals
      • 5.4.1 Global Machinery and Industrial Automation Market by Chemicals & Pharmaceuticals, 2023 – 2032 (USD Billion)
    • 5.5 Food & Beverage
      • 5.5.1 Global Machinery and Industrial Automation Market by Food & Beverage, 2023 – 2032 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Machinery and Industrial Automation Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Machinery and Industrial Automation Market – Automation Technologies Analysis
    • 6.1 Global Machinery and Industrial Automation Market Overview: By Automation Technologies
      • 6.1.1 Global Machinery and Industrial Automation Market Share, By Automation Technologies, 2022 and 2032
    • 6.2 PLC Systems
      • 6.2.1 Global Machinery and Industrial Automation Market by PLC Systems, 2023 – 2032 (USD Billion)
    • 6.3 SCADA
      • 6.3.1 Global Machinery and Industrial Automation Market by SCADA, 2023 – 2032 (USD Billion)
    • 6.4 DCS
      • 6.4.1 Global Machinery and Industrial Automation Market by DCS, 2023 – 2032 (USD Billion)
    • 6.5 Robotics
      • 6.5.1 Global Machinery and Industrial Automation Market by Robotics, 2023 – 2032 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Machinery and Industrial Automation Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Machinery and Industrial Automation Market – Product Types Analysis
    • 7.1 Global Machinery and Industrial Automation Market Overview: By Product Types
      • 7.1.1 Global Machinery and Industrial Automation Market Share, By Product Types, 2022 and 2032
    • 7.2 Sensors & Actuators
      • 7.2.1 Global Machinery and Industrial Automation Market by Sensors & Actuators, 2023 – 2032 (USD Billion)
    • 7.3 Industrial Robots
      • 7.3.1 Global Machinery and Industrial Automation Market by Industrial Robots, 2023 – 2032 (USD Billion)
    • 7.4 Control Systems
      • 7.4.1 Global Machinery and Industrial Automation Market by Control Systems, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Machinery and Industrial Automation Market – End-User Applications Analysis
    • 8.1 Global Machinery and Industrial Automation Market Overview: By End-User Applications
      • 8.1.1 Global Machinery and Industrial Automation Market Share, By End-User Applications, 2022 and 2032
    • 8.2 Material Handling & Packaging
      • 8.2.1 Global Machinery and Industrial Automation Market by Material Handling & Packaging, 2023 – 2032 (USD Billion)
    • 8.3 Assembly & Disassembly
      • 8.3.1 Global Machinery and Industrial Automation Market by Assembly & Disassembly, 2023 – 2032 (USD Billion)
    • 8.4 Process Automation
      • 8.4.1 Global Machinery and Industrial Automation Market by Process Automation, 2023 – 2032 (USD Billion)
    • 8.5 Quality Control
      • 8.5.1 Global Machinery and Industrial Automation Market by Quality Control, 2023 – 2032 (USD Billion)
  • Chapter 9. Machinery and Industrial Automation Market – Regional Analysis
    • 9.1 Global Machinery and Industrial Automation Market Regional Overview
    • 9.2 Global Machinery and Industrial Automation Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Machinery and Industrial Automation Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Machinery and Industrial Automation Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032
      • 9.4.1 North America Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.5 North America Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032
      • 9.5.1 North America Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032 (USD Billion)
    • 9.6 North America Machinery and Industrial Automation Market, by Product Types, 2023 – 2032
      • 9.6.1 North America Machinery and Industrial Automation Market, by Product Types, 2023 – 2032 (USD Billion)
    • 9.7 North America Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032
      • 9.7.1 North America Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Machinery and Industrial Automation Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Machinery and Industrial Automation Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032
      • 9.9.1 Europe Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.10 Europe Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032
      • 9.10.1 Europe Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032 (USD Billion)
    • 9.11 Europe Machinery and Industrial Automation Market, by Product Types, 2023 – 2032
      • 9.11.1 Europe Machinery and Industrial Automation Market, by Product Types, 2023 – 2032 (USD Billion)
    • 9.12 Europe Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032
      • 9.12.1 Europe Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Machinery and Industrial Automation Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Machinery and Industrial Automation Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032
      • 9.14.1 Asia Pacific Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032
      • 9.15.1 Asia Pacific Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Machinery and Industrial Automation Market, by Product Types, 2023 – 2032
      • 9.16.1 Asia Pacific Machinery and Industrial Automation Market, by Product Types, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032
      • 9.17.1 Asia Pacific Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Machinery and Industrial Automation Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Machinery and Industrial Automation Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032
      • 9.19.1 Latin America Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032
      • 9.20.1 Latin America Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Machinery and Industrial Automation Market, by Product Types, 2023 – 2032
      • 9.21.1 Latin America Machinery and Industrial Automation Market, by Product Types, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032
      • 9.22.1 Latin America Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Machinery and Industrial Automation Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Machinery and Industrial Automation Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Machinery and Industrial Automation Market, by Industry Verticals, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Machinery and Industrial Automation Market, by Automation Technologies, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Machinery and Industrial Automation Market, by Product Types, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Machinery and Industrial Automation Market, by Product Types, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Machinery and Industrial Automation Market, by End-User Applications, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Siemens AG
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 ABB Ltd.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Rockwell Automation Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Mitsubishi Electric Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 General Electric Company
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Schneider Electric SE
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Yokogawa Electric Corporation
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Honeywell International Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 FANUC Corporation
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Emerson Electric Co.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Kuka AG
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Robert Bosch GmbH
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Eaton Corporation plc
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Omron Corporation
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Danfoss A/S
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 35

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Siemens AG
  • ABB Ltd.
  • Rockwell Automation Inc.
  • Mitsubishi Electric Corporation
  • General Electric Company
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • FANUC Corporation
  • Emerson Electric Co.
  • Kuka AG
  • Robert Bosch GmbH
  • Eaton Corporation plc
  • Omron Corporation
  • Danfoss A/S
  • Others

FAQs

The key factors driving the Market are Industry 4.0 Adoption, Demand for Increased Efficiency, Technological Advancements, Focus on Worker Safety, Global Supply Chain Resilience And Sustainability Initiatives.

The “Sensors & Actuators” category dominated the market in 2022.

The key players in the market are Siemens AG, ABB Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, General Electric Company, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., FANUC Corporation, Emerson Electric Co., Kuka AG, Robert Bosch GmbH, Eaton Corporation plc, Omron Corporation, Danfoss A/S, Others.

“Asia-Pacific” had the largest share in the Machinery and Industrial Automation Market.

The global market is projected to grow at a CAGR of 8.2% during the forecast period, 2023-2032.

The Machinery and Industrial Automation Market size was valued at USD 200.4 Billion in 2023.

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