Machinery and Industrial Automation Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The machinery and industrial automation market size has grown strongly in recent years. It will grow from $206.3 billion in 2024 to $225.68 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to globalization impact, industry 4 Integration, environmental sustainability, improved safety standards.

The machinery and industrial automation market size is expected to see strong growth in the next few years. It will grow to $304.52 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing adoption of IoT and AI, focus on energy efficiency, digital transformation, smart manufacturing trends, resilient supply chains, demand for remote monitoring solutions. Major trends in the forecast period include advanced AR technology adoption, safety automation product demand, industrial PC market Growth, focus on energy-efficient solutions.

The machinery and industrial automation market are poised for substantial growth driven by the increasing adoption of the Internet of Things (IoT). IoT, characterized by interconnected devices embedded with sensors and software, has gained traction due to its ability to enhance connectivity, facilitate data-driven insights, and optimize efficiency across diverse industries. The impact of IoT on machinery and industrial automation is significant, fostering seamless connectivity, efficient data exchange, and real-time monitoring and control. Notably, the State of IoT - Spring 2023 report by IoT Analytics reveals a robust 18% increase in global IoT connections in 2022, reaching 14.3 billion active endpoints. Projections for 2023 anticipate a further 16% rise, reaching 16.7 billion active endpoints globally, underlining the growing influence of IoT and its role in driving the machinery and industrial automation market.

Major companies in the machinery and industrial automation sector are directing their efforts towards the development of industrial automation products, a strategic move aimed at enhancing profitability. Industrial automation products encompass a diverse array of technologies and devices designed to automate and optimize industrial processes. Renishaw Inc., a prominent UK-based machine industry company, exemplifies this focus with the introduction of a new product line in May 2023. This line includes RCS L-90, RCS T-90, and RCS P-series, supported by a dedicated software suite. Addressing fundamental challenges in the global industrial automation industry, these products prioritize issues related to manual set-up, calibration, and maintenance of robots. The RCS L-90, a ball-bar device, stands out for improving robot system accuracy, reducing deployment time, and monitoring robot health, while the RCS T-90, a tri-ball bar system, enables users to identify root causes of poor performance and capture critical robot information.

In July 2022, Accenture plc, an Ireland-based professional services company, acquired Eclipse Automation Inc. This acquisition positions Accenture to offer automated production lines utilizing cloud, data, and artificial intelligence (AI), contributing to the transformation of factories and plants into smarter, more productive, sustainable, and safer environments. Eclipse Automation Inc., based in Canada, is recognized for delivering cutting-edge manufacturing automation solutions.

Major companies operating in the machinery and industrial automation market are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Eaton Corporation plc, PARKER HANNIFIN CORP, Danfoss A/S, Emerson Electric Co., Rockwell Automation Inc., FANUC Corporation, Omron Corporation, YASKAWA ELECTRIC CORPORATION., Kuka AG, Yokogawa Electric Corporation, Azbil Corporation, Stratasys, Sensirion AG, Dwyer Instruments Ltd., Endress+Hauser Group Services AG, WIKA Instruments India Pvt. Ltd.

Europe was the largest region in the machinery and industrial automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machinery and industrial automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery and industrial automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The machinery and industrial automation market consists of revenues earned by entities by providing services such as engineering and design services, manufacturing and assembly services, implementation and commissioning services, and maintenance and support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The machinery and industrial automation market also includes sales of industrial machinery, industrial robots, control systems and software, and industrial automation components. 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).

Machinery and industrial automation entail the application of technology and automated systems to regulate and manage machinery, equipment, and processes within industrial settings. This domain integrates diverse technologies to develop efficient and intelligent systems capable of executing tasks that were traditionally performed by humans.

The primary types of machinery and industrial automation comprise sensors and actuators, industrial robots, and control systems. Sensors and actuators are physical devices responsible for converting one form of energy into another and translating electrical impulses into physical actions or objects. Various automation technologies include programmable logic controller systems, supervisory control and data acquisition, distributed control systems, and robotics. These technologies find application in diverse end-user scenarios, including material handling and packaging, assembly and disassembly, process automation, and quality control. Industries such as manufacturing, energy and utilities, chemicals and pharmaceuticals, and food and beverage leverage these automation solutions across different verticals.

The machinery and industrial automation market research report is one of a series of new reports that provides machinery and industrial automation market statistics, including machinery and industrial automation industry global market size, regional shares, competitors with a machinery and industrial automation market share, detailed machinery and industrial automation market segments, market trends and opportunities, and any further data you may need to thrive in the machinery and industrial automation industry. This machinery and industrial automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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