EMEA Industrial Machinery Market Size - By Operations (Automated Machinery, Semi-Automated Machinery, Manual Machinery, Robotic Machinery), By End-use (Agriculture, Construction, Packaging, Food processing, Mining), By Distribution Channel, & Forecast, 2024 - 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
EMEA Industrial Machinery Market Size - By Operations (Automated Machinery, Semi-Automated Machinery, Manual Machinery, Robotic Machinery), By End-use (Agriculture, Construction, Packaging, Food processing, Mining), By Distribution Channel, & Forecast, 2024 - 2032
EMEA Industrial Machinery Market Size
EMEA Industrial Machinery Market was valued at USD 148 billion in 2023 and is estimated to grow at a CAGR of 3.8% during 2024 to 2032. The mechanization of farming operations is a critical driver for the market growth, particularly in the agriculture sector. Advances in agricultural technology, including precision farming tools, GPS-guided equipment, and automated machinery, are further accelerating this trend. These innovations not only optimize field operations but also help in sustainable farming practices by minimizing resource usage and environmental impact.
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Infrastructure development is another significant demand driver for industrial machinery. Governments and private sectors worldwide are investing heavily in infrastructure projects, including roads, bridges, railways, airports, and urban development. This surge in infrastructure spending necessitates a wide range of construction machinery, such as excavators, bulldozers, cranes, and concrete mixers. The increasing urbanization and the need to upgrade aging infrastructure in developed regions also contribute to the rising demand for advanced construction equipment. Additionally, infrastructure projects in emerging economies are critical for their economic growth, further propelling the demand for construction machinery.
Report Attribute | Details |
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Base Year | 2023 |
EMEA Industrial Machinery Market Size in 2023 | USD 148 Billion |
Forecast Period | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR | 3.8% |
2032 Value Projection | USD 206.4 Billion |
Historical Data for | 2021 - 2023 |
No. of Pages | 487 |
Tables, Charts & Figures | 428 |
Segments covered | End-use, Operations, Distribution Channel, Region |
Growth Drivers |
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Pitfalls & Challenges |
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The EMEA industrial machinery market is characterized by a high level of saturation and intense competition, which can significantly hinder growth prospects. As the market matures, the number of competitors increases, leading to an oversupply of products. This oversaturation drives down prices and profit margins, making it challenging for companies to maintain profitability. The shortage of skilled labor and technicians is another critical challenge facing the industrial machinery market. The complexity of modern machinery requires a workforce with specialized skills in engineering, programming, and maintenance.
However, there is a growing gap between the demand for such skills and the available supply. This shortage can lead to several problems, including decreased productivity, longer downtimes, and increased operational costs. One of the primary reasons for this skills gap is the aging workforce in the manufacturing sector.
EMEA Industrial Machinery Market Trends
Energy-efficient machinery is becoming increasingly popular as a means of lowering operating costs and minimizing environmental effect. Manufacturers are designing equipment that uses less power and incorporates sustainable principles into its production. Moreover, compliance with severe environmental regulations is encouraging the development of machinery that produces fewer pollutants. Companies are focused on greener technology, such as electric and hybrid machinery, to meet these requirements. Furthermore, additive manufacturing techniques are increasingly being used to create complicated items while reducing material waste. This technology allows for rapid prototyping and customization, lowering lead times and production costs.
EMEA Industrial Machinery Market Analysis
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Based on end-use, the construction segment was reached USD 64 billion in 2023 and is expected to reach USD 92.5 billion by 2032. The construction industry is witnessing a shift toward digitization and automation, leading to the adoption of advanced machinery, such as excavators, bulldozers, and cranes, equipped with GPS and telematics systems for improved efficiency and safety. Infrastructure development projects, urbanization trends, and the need for sustainable construction practices are driving the demand for construction machinery in the EMEA region.
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Based on operations, the automated machinery segment held the dominant market share of 44% in 2023. Construction sites are safer and more efficient when automated machinery is used, such as autonomous heavy equipment and robotic bricklayers. Automated machinery is needed for large-scale infrastructure projects in the Middle East and Africa in order to achieve strict deadlines and guarantee quality. The need for automated machinery that guarantees constant and dependable production is driven by the high standards of precision and quality in Europe's automotive and aerospace sectors. The industrial industry's drive toward mass customization makes the usage of automated technology both flexible and adaptive necessary.
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Europe industrial machinery market size crossed USD 102.8 billion in 2023 and is projected to hit USD 145.8 billion by 2032. Europe is a major commercial hub due to its central location, which makes it easier to distribute industrial machinery around the continent and to its bordering countries, like the Middle East and Africa. The demand for specialized industrial gear is constantly driven by Europe's broad industrial base, which includes the food processing, automotive, aerospace, and pharmaceutical industries.
The Germany industrial machinery market is set to grow about 5.2% CAGR through 2032. Germany is known for its robust manufacturing industry, particularly in automotive, machinery, and chemical sectors. This high demand for advanced machinery keeps the market thriving. Germany is a leading exporter of industrial machinery. Global demand for high-quality German machinery boosts production and sales.
The Saudi Arabia industrial machinery market is expected to grow at a rate of 4.2%. Major infrastructure projects, including new cities (e.g., NEOM), airports, and metros, require substantial construction machinery and equipment. Despite diversification efforts, the oil and gas sector remains significant, driving demand for machinery related to extraction, refining, and petrochemical processes.
South Africa is supposed to grow at the highest rate of 3.8% in the region. South Africa's rich mineral resources drive demand for mining machinery and equipment for extraction, processing, and transportation of minerals. Government and private sector investments in infrastructure projects, including roads, bridges, airports, and ports, increase the need for construction machinery.
EMEA Industrial Machinery Market Share
Industrial Machinery market seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as AGCO Corporation, ALFA LAVAL, Atlas Copco AB, Brandt Industries Ltd., Caterpillar Inc., CNH Industrial N, Deere & Company and ESCO Corp. collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
EMEA Industrial Machinery Market Companies
Major players operating in the EMEA industrial machinery industry are
- AGCO Corporation
- ALFA LAVAL
- Atlas Copco AB
- Brandt Industries Ltd.
- Caterpillar Inc.
- CNH Industrial N
- Deere & Company
- ESCO Corp.
- Gerdau S.A.
- GEA Group
- Hitachi Construction Machinery Co., Ltd.
- Honeywell International Inc.
- Illinois Tool Works Inc.
- Ingersoll Rand
- Komatsu Ltd.
- Mitsubishi Electric Corporation
- Sandvik AB
- ShawCor Ltd.
- Terex Corporation
- Volvo Construction Equipment
EMEA Industrial Machinery Market Industry News
- In May 2024, AGCO Corporation announced the opening of The Fendt Lodge in Jackson, Minnesota (U.S.). The 16,000-square-foot world-class customer experience center is located adjacent to AGCO's Jackson manufacturing facility and serves as Fendt's official North American headquarters. It features a Fendt history center and hosts client visits, launch events, dealer meetings, and company gatherings.
- In 2023, AGCO Corporation completed the launch of the first battery-electric tractor, the Fendt e107 V Vario, and the award-winning CORE75 AGCO Power engine, which can run on hydrotreated vegetable oil.
- In June 2023, Alfa Laval launched the AC900, an addition to the brazed plate heat exchanger portfolio. With its extra-large gas outlet port, the single-circuit AC900 is optimized for both full & partial-load conditions. It covers capacities between 300 and 600 kW in chillers with screw compressors, industrial chillers, and heat pump applications.
- In February 2023, Alfa Laval launched AlfaNova GL50, an asymmetric gas-to-liquid plate heat exchanger, made from 100% stainless steel. It handles gas flows up to 250 m3/h and inlet gas temperatures up to 750°C with exceptional performance. This makes it an optimal choice for fuel cell systems, as well as applications such as waste heat recovery, biogas post-treatment, and cooling of hydrogen from electrolyzers.
- In April 2023, Brandt launched its HX120 hydrovac, BMH40A material handler, and a lineup of new heavy haul trailers.
This EMEA industrial machinery market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments
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Market, By End-use
- Agriculture
- Construction
- Packaging
- Food processing
- Mining
- Semiconductor manufacturing
- Others
Market, By Operations
- Automated Machinery
- Semi-Automated Machinery
- Manual Machinery
- Robotic Machinery
Market, By Distribution Channel
- Direct
- Indirect
The above information is provided for the following regions and countries
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Switzerland
- Ukraine
- Belgium
- Sweden
- Rest of Europe
- Middle East
- Saudi Arabia
- UAE
- Kuwait
- Oman
- Qatar
- Yemen
- Rest of Middle East
- Africa
- South Africa
- Tunisia
- Algeria
- Nigeria
- Rest of Africa
Table of Content
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