Commercial and Service Industry Machinery Market Report 2026

The commercial and service industry machinery market size has grown strongly in recent years. It will grow from $239.27 billion in 2025 to $252.06 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to expansion of commercial office spaces, growth of organized service industries, rising demand for document management equipment, increasing adoption of mechanized cleaning solutions, availability of cost-effective commercial machinery.

The commercial and service industry machinery market size is expected to see strong growth in the next few years. It will grow to $320.13 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing deployment of smart service equipment, rising focus on operational efficiency in commercial spaces, expansion of shared office infrastructure, growing demand for sustainable machinery solutions, increasing investments in automation. Major trends in the forecast period include increasing automation in commercial cleaning equipment, rising adoption of smart photocopying and printing systems, growing demand for energy-efficient service machinery, expansion of multi-function commercial equipment, enhanced focus on workplace hygiene solutions.

Expanding the advertising industry is expected to drive the growth of the commercial and service industry machinery market going forward. The advertising industry encompasses activities related to creating, planning, executing, and managing promotional campaigns designed to reach and influence target audiences. Its reliance on digital signage, displays, and the production of promotional materials increases the demand for commercial machinery such as digital printers, large-format printing systems, and photographic and photocopying equipment, all of which support the creation of various advertising assets. For example, in April 2024, the Interactive Advertising Bureau (IAB), a US-based national advertising trade association, reported that digital advertising revenues in the United States rose to $225 billion in 2023, reflecting a 7.3% year-over-year increase from 2022. Therefore, the expansion of the advertising industry is contributing to the growth of the commercial and service industry machinery market.

Major companies in the commercial and service industry machinery market are concentrating on developing advanced technologies and products, such as the VersaLink B625 Multifunction Printer (MFP), to strengthen their competitive position. The Xerox VersaLink B625 MFP boosts workgroup productivity through AI-powered task optimization and efficient, high-capacity scanning. For instance, in April 2023, Xerox Holdings Corporation, a US-based manufacturer of commercial machinery including printers, scanners, and photocopiers, introduced the Xerox VersaLink B625 MFP, an upgraded solution designed to enhance productivity and security for hybrid work environments. The VersaLink line features ConnectKey technology to meet the needs of demanding workgroups. It incorporates advanced capabilities similar to the AltaLink 8100 Series and uses machine learning to streamline frequent tasks, reducing setup steps and improving efficiency. Additionally, it provides high-capacity, single-pass scanning to quickly convert physical documents into digital files, supporting smooth digital workflows.

In December 2025, Alamo Group Inc., a US-based machinery manufacturer, acquired Petersen Industries Inc. for $166.5 million. This acquisition broadens Alamo’s presence in the solid waste, bulk material handling, and recycling markets, which are considered stable and expanding sectors. Petersen Industries Inc. is a US-based producer of truck-mounted grapple loaders and knuckle boom loaders used by commercial waste haulers and service fleets, aligning with commercial and service industry machinery manufacturing.

Major companies operating in the commercial and service industry machinery market are Canon Inc., Ricoh Company, Ltd., Xerox Corporation, HP Inc., Sharp Corporation, Fujifilm Holdings Corporation, Konica Minolta, Inc., Toshiba Tec Corporation, Panasonic Corporation, Electrolux Professional Group, Ali Group S.r.l., Middleby Corporation, ITW Food Equipment Group (Illinois Tool Works - Food Equipment), Dover Corporation (Commercial Refrigeration & Service Equipment), Carrier Global Corporation (Commercial Refrigeration & HVAC), Ecolab Inc. (Commercial cleaning and sanitation systems), Nilfisk Group, Kärcher Group, Tetra Pak International S.A., Krones AG, Bühler Group, Hoshizaki Corporation, Daikin Industries, Ltd., Manitowoc Foodservice (Welbilt), Fuji Electric Co., Ltd.

Asia-Pacific was the largest region in the commercial and service industry machinery market in 2025. Western Europe was the second largest region in the commercial and service industry machinery market. The regions covered in the commercial and service industry machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial and service industry machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The commercial and service industry machinery market consists of sales of commercial and service industry machinery that are used in the commercial and service sector, such as floor sanding machines, industrial vacuum cleaners, scrubbing machines, commercial cooking and food warming equipment, and commercial dishwashing machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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