Europe Industrial Machinery Market Size - By Operation (Automated Machinery, Semi-Automated Machinery, Manual Machinery, Robotic Machinery), By Distribution Channel (Direct, Indirect), By End Use, Country Outlook & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Europe Industrial Machinery Market Size - By Operation (Automated Machinery, Semi-Automated Machinery, Manual Machinery, Robotic Machinery), By Distribution Channel (Direct, Indirect), By End Use, Country Outlook & Forecast, 2024 – 2032

Europe Industrial Machinery Market Size

Europe Industrial Machinery Market was valued at USD 102.8 billion in 2023 and is anticipated to register a CAGR of 4% between 2024 and 2032, driven by the expansion in automotive sector, expanding technological advancements and integration of industry 4.0, increasing investment in renewable energy projects.  

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As automakers invest in upgrading their production lines and building new facilities, the demand for sophisticated industrial machinery continues to rise, contributing to the market's expansion. Additionally, Industry 4.0, which includes the Internet of Things (IoT), artificial intelligence (AI), and robotics, is transforming manufacturing processes and increasing productivity.

According to the European Association of the Machine Tool Industries (CECIMO), the adoption of digital manufacturing technologies has been accelerating, with projections indicating that the market for IoT in manufacturing in Europe will grow from USD 14.2 billion in 2021 to USD 27.4 billion by 2026, with CAGR of 14%. These advancements enable manufacturers to optimize operations, reduce downtime, and enhance product quality, thereby driving the demand for innovative industrial machinery.
 

Europe Industrial Machinery Market Report Attributes
Report Attribute Details
Base Year 2023
Europe Industrial Machinery Market Size in 2023 USD 102.8 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 4%
2032 Value Projection USD 145.8 Billion
Historical Data for 2021 - 2023
No. of Pages 135
Tables, Charts & Figures 49
Segments covered Operation, End Use, Distribution Channel, Country
Growth Drivers
  • Expansion of automotive sector
  • Expanding technological advancements and integration of industry 4.0
  • Increasing investment in renewable energy projects.
Pitfalls & Challenges
  • Supply Chain Disruptions

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The European Semiconductor Industry Association (ESIA) forecasts that the constraints on semiconductor supply could persist until 2024, which poses an ongoing challenge for machinery manufacturers. This shortage affects the production schedules, costs, and overall availability of industrial machinery, thus hindering to meet customer demands and maintain competitive advantage in a rapidly evolving market. Manufacturers can tackle this situation by diversifying their supply chains. This involves sourcing the components and raw materials from multiple suppliers across different geographical regions thereby reducing dependence on a single supplier or region.

Europe Industrial Machinery Market Trends

One prominent trend is the growth of being sustainable and usage of energy efficient materials even in the industrial machinery industry as sustainability and energy efficiency are becoming increasingly important in the European industrial machinery market. The European Union has set goals of achieving carbon neutrality by 2050. In response, manufacturers are investing in machinery development that consumes less energy and reduces environmental impact. This shift towards sustainability is also reflected in the increasing adoption of electric and hybrid machines, which are less polluting as compared to traditional diesel-powered equipment.

Also, there is a surge of adoption of automation and robotics in the market as companies seek to improve productivity and address labor shortages. Robotics and automated systems are becoming more prevalent in manufacturing plants, enabling higher precision, faster production cycles, and reduced human error. As automation becomes more advanced and accessible, the demand for industrial machinery that incorporates robotics and automated systems is anticipated to rise.  

Europe Industrial Machinery Market Analysis

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Imagine having machines that can work with pinpoint accuracy, day and night, without getting tired or making mistakes. That's exactly what's happening in the world of automated industrial machinery. In 2023, this industry was already worth over 45 billion dollars. But get ready, because it's estimated to grow even more in the years to come, reaching a staggering 66 billion dollars by 2032. Why is this happening? It's all thanks to the amazing benefits these automated machines bring. They can work with incredible precision, making fewer mistakes and producing higher-quality goods. In fact, studies have shown that automation can cut down product defects by up to 30%. Plus, since machines don't need breaks or vacations, they can keep the production line rolling, saving companies a lot of money on labor costs. This is especially important in Europe, where finding affordable workers is a real headache for manufacturers.

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In 2023, the construction sector had a huge impact, reaching a staggering $43 billion just in the construction segment alone. And it's not slowing down! Experts predict that by 2032, it'll smash through the $63 billion mark. Why is construction booming so much? Well, it's like a perfect storm! Governments are pouring money into infrastructure projects to boost the economy and make our daily lives better. And with cities growing like crazy and people needing more homes and businesses, there's just a huge demand for construction. In Europe, they're expecting a whopping 7% increase in city dwellers by 2050. That means lots of new houses, offices, and all the stuff that goes with them, like roads and schools. And to build all that, we need construction machinery like excavators and bulldozers. So, as our cities keep growing, the construction industry is set to keep raking in the dough.

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Germany's industrial machinery industry is doing really well. In 2023, it was worth more than $20.3 billion. And experts say it's only going to grow in the coming years, with a projected value of $31.9 billion by 2032. Why is this happening? Well, Germany has always been known for its strong industry and engineering skills. It's a country that takes pride in precision, cutting-edge manufacturing, and coming up with new technologies. And this has made it the world's leading producer of industrial machinery. According to the German Engineering Federation, Germany has the biggest mechanical engineering sector in Europe. It has over 6,600 companies and 1.3 million people working in it. This strong foundation means Germany's industrial sector is very productive and innovative, and it plays a big role in the country's position as a leader in the industrial machinery market.

Hey, check this out! Germany really values innovation. In 2020, they spent a whopping $105 billion on research and development (R&D), which is over 3% of their entire economy. That's a lot of money! Why do they do this? Well, it's like an investment in the future. This money helps create new technologies and top-notch machines. So, German companies stay ahead of the game. And it's not just about any old machinery. German manufacturers focus on building stuff that's efficient, dependable, and made to fit the needs of different businesses. Companies like Caterpillar and Siemens are famous for their high-quality products. All this R&D makes a big difference. German companies have an advantage over others because they can make machinery that's just what their customers want. It's no wonder they're known for their quality and innovation!

Country-Level Analysis

Germany dominates the European industrial machinery scene. In 2023, they were sitting pretty with earnings of about $20.3 billion. And guess what? By 2032, they're projected to rake in a whopping $31.9 billion, growing at a steady 5.2% annually. Why is Germany such an industrial powerhouse? Well, it all boils down to their rock-solid industrial foundation and top-notch engineering. They've been masters of precision engineering, advanced manufacturing, and tech innovation for ages, making them the undisputed leaders in industrial machinery. The German Engineering Federation (VDMA) says that Germany's mechanical engineering industry is the biggest in Europe, boasting over 6,600 companies and employing around 1.3 million people. This solid foundation allows for high productivity and innovation, which is key to Germany's success in this market.

Apart from Germany, the rest of the European countries have also shown notable growth in the market with revenue exceedingly over USD 23.5 billion in 2023 and is expected to reach USD 30.2 billion in the year 2032 as manufacturers prioritize innovation and quality, resulting in high-performance and technologically advanced machinery. Additionally, Europe boasts a strong export presence, with data from CECOMAF showing machinery exports exceedingly more than USD 700 billion in 2022. This combination of skilled labor, innovation, and huge reach propels the market.

Europe Industrial Machinery Market Share

The Europe industrial machinery industry is fragmented, with prominent players, such as Siemens AG, ABB Ltd., Atlas Copco AB, KUKA AG, Bosch Rexroth AG holding a market share of 25-30%. To meet the growing consumer demand, manufacturers are adopting steps such as wide availability of products and machineries outside the Europe, continuous ongoing R & D and technological advancements which gives these companies the competitive advantage.

Europe Industrial Machinery Market Companies

Major players operating in the Europe industrial machinery industry include

  • ABB Ltd.
  • Alfa Laval AB
  • Atlas Copco AB
  • Bosch Rexroth AG
  • CNH Industrial N.V.
  • Festo SE & Co. KG
  • GEA Group AG
  • Komatsu Europe International N.V.
  • KUKA AG
  • Liebherr Group
  • Sandvik AB
  • Schindler Group
  • Siemens AG
  • Trumpf GmbH + Co. KG
  • Voith GmbH & Co. KGaA

Europe Industrial Machinery Industry News

  • In June 2023, Siemens launched its new industrial edge computing platform, Industrial Edge 2.0, designed to help manufacturers implement AI and advanced analytics in their operations more easily.
     
  • In September 2022, ABB introduced its IRB 390 FlexPacker delta robot in 2022, specifically designed for high-speed picking and packing applications in the food and beverage industry.
     
  • In March 2021, Atlas Copco acquired Airflow Compressors & Pneumatics Ltd, a British distributor of compressed air solutions, to strengthen its presence in the UK market.
     
  • In October 2020, KUKA introduced its new KR SCARA robot series, which was aimed at assembly, material handling, and testing applications in electronics and other industries requiring fast, precise automation.

This Europe industrial machinery market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Units) from 2018 to 2032, for the following segments

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Market, By Operation

 

  • Automated Machinery
  • Semi-Automated Machinery
  • Manual Machinery
  • Robotic Machinery

Market, By End Use

  • Agriculture
  • Construction
  • Packaging
  • Food processing
  • Mining
  • Semiconductor manufacturing
  • Others

Market, By Distribution Channel

  • Direct
  • Indirect

The above information is provided for the following countries

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

 

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