Machinery Global Market Report 2023 | Market Size, Trends, And Global Forecast 2023-2032 | Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd

machinery market analysis

The Business Research Company’s Machinery Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Machinery Global Market Report 2023 evaluates machinery market size, growth rate, drivers, trends, and major companies.


The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.


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The global machinery market grew from $3,542.77 billion in 2022 to $3,810.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%.


The Machinery Market Segments In The Report Are:

Machinery Market By Type:



Machinery Market By Capacity:




Machinery Market By Application:


Precision Engineering


Other Applications


Top Key Players

Caterpillar Inc.

Deere & Company

Hitachi Ltd.

Mitsubishi Heavy Industries Ltd.

Komatsu Ltd.


The Asia-Pacific was the largest region in the machinery market in 2022.


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The table of contents in TBRC’s machinery market report includes:

1. Executive Summary
2. Report Structure
3. Machinery Market Characteristics
4. Machinery Market Product Analysis
5. Machinery Market Supply Chain
19. Middle East Machinery Market
20. Africa Machinery Market
21. Machinery Market Competitive Landscape
22. Key Mergers And Acquisitions In The Machinery Market
23. Recommendations


List Of Tables

Table 1: Historic Market Growth, Value ($ Billion)

Table 2: Forecast Market Growth, Value ($ Billion)

Table 3: Global Machinery Market, 2022, By Region, Value ($ Billion)

Table 4: Global Machinery Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region

Table 5: Global Machinery Market, Growth And Market Share Comparison, By Region
Table 253: Mitsubishi Heavy Industries ltd Financial Performance

Table 254: Komatsu Ltd. Financial Performance

Table 255: Global Machinery Market In 2027- Growth Countries

Table 256: Global Machinery Market In 2027- Growth Segments

Table 257: Global Machinery Market In 2027- Growth Strategies


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