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Machinery And Industrial Automation Market Size Forecast: How Large Could The Market Become By 2030?
Recent years have seen substantial growth in the machinery and industrial automation market. The market is projected to expand from $222.22 billion in 2025 to reach $238.48 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 7.3%. During past periods, the expansion was driven by several factors, including the increase in factory automation, the adoption of PLCs, the pursuit of productivity gains, a decrease in manual labor, and improvements in industrial process optimization.
The machinery and industrial automation market size is anticipated to undergo significant growth in the coming years, with projections indicating it will reach $317.21 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.4%. This expansion during the forecast period is fueled by advancements in AI-driven automation, the widespread implementation of Industry 4.0, increasing demand for interconnected factories, broader adoption of robotics, and improvements in real-time process optimization. Noteworthy trends expected in this period include the rapid uptake of industrial robots, the expansion of smart automation systems, the integration of sensors and actuators, the proliferation of digital control platforms, and a rising need for complete end-to-end automation.
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Machinery And Industrial Automation Market Demand Drivers: What Is Fueling Industry Growth?
The escalating integration of the Internet of Things (IoT) is anticipated to fuel the expansion of the machinery and industrial automation market in the future. The Internet of Things (IoT) defines a system of interconnected devices and items equipped with sensors, software, and other technological components. This increasing integration of IoT stems from its capacity to improve connectivity, offer data-driven perspectives, and boost operational effectiveness across diverse sectors. IoT improves machinery and industrial automation by enabling uninterrupted connectivity and data interchange, optimizing operational performance, and facilitating real-time oversight and regulation. A prime example of this trend is evidenced in the State of IoT Spring 2023 report by IoT Analytics, a Germany-based service provider, which indicated 14.3 billion active endpoints. Furthermore, in 2023, the count of networked IoT devices is predicted to increase by an additional 16%, culminating in 16.7 billion active endpoints globally. Consequently, the increasing embrace of the Internet of Things (IoT) is propelling the development of the machinery and industrial automation market.
Machinery And Industrial Automation Market Segmentation And Category Breakdown
The machinery and industrial automation market covered in this report is segmented –
1) By Product Type: Sensors And Actuators, Industrial Robots, Control Systems
2) By Automation Technology: Programmable Logic Controller Systems, Supervisory Control And Data Acquisition, Distributed Control System, Robotics
3) By End-User Application: Material Handling And Packaging, Assembly And Disassembly, Process Automation, Quality Control
4) By Industry Vertical: Manufacturing, Energy And Utilities, Chemicals And Pharmaceuticals, Food And Beverage
Subsegments:
1) By Sensors And Actuators: Proximity Sensors, Temperature Sensors, Pressure Sensors, Optical Sensors, Force Or Torque Sensors, Rotary Actuators, Linear Actuators, Pneumatic Actuators, Hydraulic Actuators
2) By Industrial Robots: Articulated Robots, SCARA Robots (Selective Compliance Assembly Robot Arm), Cartesian Robots (XYZ Robots), Delta Robots, Collaborative Robots (Cobots), Parallel Robots
3) By Control Systems: Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), Supervisory Control And Data Acquisition (SCADA), Human Machine Interfaces (HMIs), Motor Drives And Controllers, Safety Instrumented Systems (SIS), Machine Vision Systems
Machinery And Industrial Automation Market Trends Driving Strategic Industry Expansion
Leading companies active in the machinery and industrial automation market are increasingly focusing on developing offerings like industrial automation products to boost their profit margins. Industrial automation products include a wide variety of technologies and devices designed to automate and optimize industrial processes. For example, in May 2023, Renishaw Inc., a UK-based machine industry firm, unveiled a new product range for industrial automation. This range features three products: RCS L-90, RCS T-90, and RCS P-series, all supported by a dedicated software suite. The fresh RCS product line intends to resolve fundamental issues within the global industrial automation sector, with an emphasis on manual setup, calibration, and maintenance of robots. The RCS L-90 is a ball-bar device that improves the robot system’s accuracy, reduces deployment time, and monitors robot health. RCS T-90 is a tri-ball bar system that allows users to identify the root causes of poor performance and capture crucial robot information.
Machinery And Industrial Automation Market Competitive Analysis Of Major Industry Participants
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, Sensirion AG, Dwyer Instruments Ltd, Endress+Hauser Group Services AG, WIKA Instruments India Pvt. Ltd
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Machinery And Industrial Automation Market Leading Geography: Which Region Generates The Most Revenue?
Europe was the largest region in the machinery and industrial automation market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.