[Latest] Global Machinery and Industrial Automation Market

Austin, TX, USA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Machinery and Industrial Automation Market Size, Trends and Insights By Industry Verticals (Manufacturing, Energy & Utilities, Chemicals & Pharmaceuticals, Food & Beverage, Others), By Automation Technologies (PLC Systems, SCADA, DCS, Robotics, Others), By Product Types (Sensors & Actuators, Industrial Robots, Control Systems), By End-User Applications (Material Handling & Packaging, Assembly & Disassembly, Process Automation, Quality Control), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Machinery and Industrial Automation Market size & share was valued at approximately USD 185.2 Billion in 2022 and is expected to reach USD 200.4 Billion in 2023 and is expected to reach a value of around USD 407.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 8.2% during the forecast period 2023 to 2032.”

Click Here to Access a Free Sample Report of the Global Machinery and Industrial Automation Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=37530

Machinery and Industrial Automation Market: Growth Factors and Dynamics

Technological Advancements: Rapid innovations in robotics, AI, and IoT drive machinery and industrial automation market growth, enhancing efficiency, precision, and adaptability across diverse industries.

Cost Efficiency: Increasing focus on cost-effective production methods and resource optimization fuels the adoption of automation, boosting overall operational efficiency and reducing manufacturing expenses.

Globalization Impact: The demand for machinery and automation rises with globalization, as industries seek scalable and flexible solutions to meet dynamic market demands and stay competitive on a global scale.

Labor Shortages: Addressing labor shortages through automation becomes imperative, especially in industries facing workforce challenges, driving the adoption of robotics and automated systems for improved productivity.

Industry 4.0 Integration: The convergence of digital technologies under Industry 4.0, including IoT, AI, and big data, propels machinery and industrial automation, enabling smart factories and data-driven decision-making.

Environmental Sustainability: Growing emphasis on sustainable practices prompts industries to adopt eco-friendly automation solutions, contributing to energy efficiency, reduced waste, and compliance with environmental regulations.

Supply Chain Resilience: Increasing awareness of the need for resilient supply chains in the face of disruptions drives the adoption of automated systems, ensuring smoother and more robust manufacturing and distribution processes.

Customization Demands: The rising trend of personalized products and shorter product lifecycles pushes industries to adopt flexible automation solutions, enabling quick reconfiguration and adaptation to changing market demands.

Cybersecurity Emphasis: With the growing integration of digital technologies, a heightened focus on robust cybersecurity measures becomes critical to protect industrial automation systems from potential cyber threats and ensure operational continuity.

Collaborative Robotics: The increasing adoption of collaborative robots (cobots) that work alongside human operators fosters safer and more efficient industrial environments, promoting human-machine collaboration for enhanced productivity and flexibility.

Request a Customized Copy of the Machinery and Industrial Automation Market Report @ https://www.custommarketinsights.com/inquire-for-discount/?reportid=37530

Machinery and Industrial Automation Market: Partnership and Acquisitions

In 2023, Mitsubishi Electric’s subsidiary, ICONICS, Inc., finalized the acquisition of ICONICS UK, Ltd., a provider of SCADA software and cloud applications. This strategic move aims to integrate ICONICS UK’s technology into a Circular Digital-Engineering business model, optimizing factory automation solutions by enhancing equipment and system efficiency.

In 2021, Suez, an American water service company, and Schneider Electric formed a strategic partnership to create a joint venture focused on delivering cutting-edge digital solutions for water cycle management. The collaboration leverages SUEZ’s water expertise and integrates Schneider Electric’s EcoStruxure platform for enhanced innovation in water management solutions.

In 2021, ABB launched the GoFa and SWIFTI cobots, expanding its collaborative robot (cobot) portfolio. These cobots offer high capacity and assist in intricate movements, enhancing the robots’ capabilities. This introduction reinforces ABB’s commitment to advanced robotics solutions in diverse industrial applications.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 200.4 Billion
Projected Market Size in 2032	USD 407.4 Billion
Market Size in 2022	USD 185.2 Billion
CAGR Growth Rate	8.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Industry Verticals, Automation Technologies, Product Types, End-User Applications and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Machinery and Industrial Automation report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Machinery and Industrial Automation report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Machinery and Industrial Automation Market Report @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Machinery and Industrial Automation Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Machinery and Industrial Automation Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Supply Chain Disruptions: COVID-19 led to disruptions in global supply chains, impacting the timely delivery of components and equipment essential for the machinery and industrial automation sector.

Reduced Manufacturing Output: Lockdowns and restrictions resulted in reduced manufacturing activities, affecting demand for industrial automation solutions as industries faced lower production capacities and operational challenges.

Investment Uncertainty: Economic uncertainties during the pandemic led to a cautious approach among businesses, affecting investment decisions and potentially delaying or cancelling planned machinery and automation projects.

Accelerated Digital Transformation: Companies are expediting their digital transformation efforts, leveraging automation, AI, and IoT to enhance operational resilience, efficiency, and adaptability in a post-pandemic landscape.

Focus on Localized Production: To mitigate the impact of global supply chain disruptions, there is a trend toward localized production, encouraging the implementation of automation solutions for more agile and flexible manufacturing.

Increased Remote Monitoring and Maintenance: The adoption of remote monitoring and maintenance solutions has surged, allowing companies to monitor and manage machinery from a distance, reducing the need for on-site personnel and enhancing operational efficiency.

Rise in E-Commerce Automation: The growth of e-commerce during the pandemic has driven the need for automation in logistics and distribution centers, with increased demand for robotics and automation solutions to handle the surge in online orders.

Workforce Reskilling: Companies are investing in reskilling their workforce to adapt to new technologies, ensuring that employees have the necessary skills to operate and maintain advanced machinery and automation systems.

Government Stimulus and Incentives: Governments are offering stimulus packages and incentives to industries, encouraging investments in automation technologies to spur economic recovery and enhance industrial competitiveness.

Focus on Health and Safety: Automation solutions are being deployed to address health and safety concerns, with touchless technologies, autonomous vehicles, and robotics helping create safer working environments in compliance with health guidelines

Collaborative Industry Partnerships: Collaborations between industrial automation providers and manufacturers are increasing, fostering innovation and the development of tailored solutions to meet the evolving needs of industries recovering from the pandemic’s impact.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Machinery and Industrial Automation Market, with some challenges and opportunities arising from the pandemic.

Request a Customized Copy of the Machinery and Industrial Automation Market Report @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Key questions answered in this report:

What is the size of the Machinery and Industrial Automation market and what is its expected growth rate?
What are the primary driving factors that push the Machinery and Industrial Automation market forward?
What are the Machinery and Industrial Automation Industry's top companies?
What are the different categories that the Machinery and Industrial Automation Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Machinery and Industrial Automation market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Machinery and Industrial Automation Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Machinery and Industrial Automation Market – Regional Analysis

The Machinery and Industrial Automation Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: North America is experiencing a surge in the adoption of collaborative robots (cobots) in manufacturing. The trend is driven by a focus on human-machine collaboration, allowing for safer and more flexible production processes. Cobots are increasingly integrated into diverse industries, enhancing productivity and efficiency.

Europe: Europe is witnessing a growing emphasis on sustainable and eco-friendly manufacturing. Industries are adopting machinery and automation solutions that promote energy efficiency, reduce carbon footprint, and align with stringent environmental regulations. This trend reflects a commitment to green practices and corporate social responsibility.

Asia-Pacific: These region processes, and improve overall operational efficiency. This trend is driven by a strong focus on technological innovation and digital transformation.
LAMEA (Latin America, Middle East, and Africa): LAMEA is witnessing an increasing adoption of smart manufacturing practices. The integration of advanced automation technologies, IoT, and AI is transforming traditional manufacturing processes, and enhancing competitiveness. This trend reflects a shift towards modernization, increased efficiency, and improved competitiveness in the global market.

Request a Customized Copy of the Machinery and Industrial Automation Market Report @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media?

Email Directly Here with Detail Information: support@custommarketinsights.com

Browse the full “Machinery and Industrial Automation Market Size, Trends and Insights By Industry Verticals (Manufacturing, Energy & Utilities, Chemicals & Pharmaceuticals, Food & Beverage, Others), By Automation Technologies (PLC Systems, SCADA, DCS, Robotics, Others), By Product Types (Sensors & Actuators, Industrial Robots, Control Systems), By End-User Applications (Material Handling & Packaging, Assembly & Disassembly, Process Automation, Quality Control), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

List of the prominent players in the Machinery and Industrial Automation Market:

Siemens AG
ABB Ltd.
Rockwell Automation Inc.
Mitsubishi Electric Corporation
General Electric Company
Schneider Electric SE
Yokogawa Electric Corporation
Honeywell International Inc.
FANUC Corporation
Emerson Electric Co.
Kuka AG
Robert Bosch GmbH
Eaton Corporation plc
Omron Corporation
Danfoss A/S
Others

Click Here to Access a Free Sample Report of the Global Machinery and Industrial Automation Market @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Spectacular Deals

Comprehensive coverage
Maximum number of market tables and figures
The subscription-based option is offered.
Best price guarantee
Free 35% or 60 hours of customization.
Free post-sale service assistance.
25% discount on your next purchase.
Service guarantees are available.
Personalized market brief by author.

Browse More Related Reports:

US Pulp and Paper Automation Market: US Pulp and Paper Automation Market Size, Trends and Insights By Type (Distributed Control Systems (DCS), Programmable Logic Controllers (Plcs), Supervisory Control And Data Acquisition (SCADA), Sensors And Transmitters, Flowmeters, Manufacturing Execution Systems (MES), Asset Performance Management (APM), Advanced Process Control (APC), Enterprise Asset Management (EAM), Valves, Vision Systems), By Application (Pulp, Tissue, Board, Paper, Packaging Paper, Special Papers, Magazines Papers, Printing Papers, Fine Papers), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Diamond Cutting Tool Market: Diamond Cutting Tool Market Size, Trends and Insights By Application (Stone Cutting Tools, Metal Cutting Tools, Concrete Cutting Tools, Others), By Product Type (Single-Point Diamond Tools, Diamond Blades, Diamond Drills), By Tool Type (Diamond Inserts, Diamond Wheels, Diamond Burrs), By Technology Type (Electroplated Diamond Tools, Resin-Bonded Diamond Tools, Metal-Bonded Diamond Tools), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Water Sensor Market: Water Sensor Market Size, Trends and Insights By Sensor Type (Chlorine Residual Sensor, pH Sensor, TOC Sensor, ORP Sensor, Conductivity Sensor, Others), By Size (Less than 38 mm, More than 38 mm), By Weight (Less than 60 gms, More than 60 gms), By Device Range (Less than 250 ft, More than 250 ft), By Voltage Range (Less than 15 VDC, 15 VDC TO 25 VDC, More than 25 VDC), By Purpose (Constitute in Water, Measuring Surrogates), By Connectivity (Wireless, Wired), By End Use (Industrial, Drinking Water, Ground Water, Aquaculture, Wastewater, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Portable Generator Market: Portable Generator Market Size, Share, Growth Analysis Report By Fuel (Gasoline, Diesel, Others), By Power Output (More than 10kW, 3-10kW, Less than 3kW), By Application (Domestic, Industrial, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2023–2032

Fire Pump Market: Fire Pump Market Size, Trends and Insights By Power (Electric, Diesel, Gasoline, Others), By Application (Industry Application, Commercial Application, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Gas Leak Detectors Market: Gas Leak Detectors Market Size, Trends and Insights By Product Type (Fixed Gas Leak Detector, Portable Gas Leak Detectors), By Application (Industrial (Oil & Gas, Chemicals, and Power Generation), Commercial Establishment (Shopping Malls, Hotels, and Other), Residential, Others), By Technology (Electrochemical, Infrared, Semiconductor/MOS, Ultrasonic, Others (Holographic)), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

The Machinery and Industrial Automation Market is segmented as follows:

By Industry Verticals

Manufacturing
Energy & Utilities
Chemicals & Pharmaceuticals
Food & Beverage
Others

By Automation Technologies

PLC Systems
SCADA
DCS
Robotics
Others

By Product Types

Sensors & Actuators
Industrial Robots
Control Systems

By End-User Applications

Material Handling & Packaging
Assembly & Disassembly
Process Automation
Quality Control

Click Here to Get a Free Sample Report of the Global Machinery and Industrial Automation Market @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Machinery and Industrial Automation Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Machinery and Industrial Automation Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Machinery and Industrial Automation Market? What Was the Capacity, Production Value, Cost and PROFIT of the Machinery and Industrial Automation Market?
What Is the Current Market Status of the Machinery and Industrial Automation Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Machinery and Industrial Automation Market by Considering Applications and Types?
What Are Projections of the Global Machinery and Industrial Automation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Machinery and Industrial Automation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Machinery and Industrial Automation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Machinery and Industrial Automation Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Machinery and Industrial Automation Industry?

Click Here to Access a Free Sample Report of the Global Machinery and Industrial Automation Market @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

Reasons to Purchase Machinery and Industrial Automation Market Report

Machinery and Industrial Automation Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Machinery and Industrial Automation Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Machinery and Industrial Automation Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Machinery and Industrial Automation Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Machinery and Industrial Automation market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Machinery and Industrial Automation market analysis.

The competitive environment of current and potential participants in the Machinery and Industrial Automation market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Machinery and Industrial Automation market should find this report useful. The research will be useful to all market participants in the Machinery and Industrial Automation industry.
Managers in the Machinery and Industrial Automation sector are interested in publishing up-to-date and projected data about the worldwide Machinery and Industrial Automation market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Machinery and Industrial Automation products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

Request a Customized Copy of the Machinery and Industrial Automation Market Report @ https://www.custommarketinsights.com/report/machinery-and-industrial-automation-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Follow Us: LinkedIn | Twitter | Facebook | YouTube

Contact Us:

Joel John

CMI Consulting LLC

1333, 701 Tillery Street Unit 12,

Austin, TX, Travis, US, 78702

USA: +1 801-639-9061

India: +91 20 46022736

Email: support@custommarketinsights.com

Web: https://www.custommarketinsights.com/

Blog: https://www.techyounme.com/

Blog: https://atozresearch.com/