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2 clusters · 6 sources · 10 days · First seen 22 days ago · Last updated 12 days ago

Global automation and machinery market growth projections

Overview

Market research indicates significant growth projections for various automation, machinery, and industrial component sectors through the early 2030s.

In the retail and consumer sectors, the retail automation market is expected to rise from US$ 28.79 billion in 2025 to US$ 53.52 billion by 2033, driven by labor shortages and AI-driven analytics. The smart kitchen appliance market is forecasted to expand from US$ 22.18 billion in 2025 to US$ 100.66 billion by 2033. Additionally, the kitchen composter market is projected to grow from $926 million in 2024 to $1.464 billion by 2031 due to interest in food waste reduction.

Industrial machinery and component markets also show upward trends. The automatic flatbed punching machine market is expected to reach $289 million by 2031, serving the medical and electric vehicle battery sectors, while the axial flow compressor market is forecasted to reach approximately $1.155 billion by 2032.

Newer projections extend these trends to specialized industrial components. The market for sintered stainless steel parts is expected to reach US$ 11.24 billion by 2031, supported by the automotive, aerospace, and medical industries. Agricultural tractor parts are anticipated to grow to US$ 10.17 billion by 2031. Furthermore, the optoelectronic device test equipment market is forecasted to rise from US$ 2.32 billion in 2026 to US$ 4.316 billion by 2032, fueled by AI data centers. Other growing sectors include Transformer No-Load Tap Changers, projected to reach US$ 370 million by 2031, and commercial air purifiers, expected to reach US$ 1.435 billion by 2031.

Entities

Market Research Center · Business Market Insights · Siemens · General Electric · Mitsubishi

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Market Research Center released reports on the global markets for commercial portable/floor-standing air purifiers and smart garment management systems. www.the-miyanichi.co.jp · www.dreamnews.jp
[● 2 SOURCES] The global commercial portable and floor-standing air purifier market was valued at 1.086 billion USD in 2024. www.the-miyanichi.co.jp · www.dreamnews.jp
[● 2 SOURCES] The commercial air purifier market is projected to reach 1.435 billion USD by 2031. www.the-miyanichi.co.jp · www.dreamnews.jp
[● 2 SOURCES] The commercial air purifier market is expected to grow at a CAGR of 4.1% through 2031. www.the-miyanichi.co.jp · www.dreamnews.jp

Timeline

12 days ago

[BUSINESS] 3 sources
Global industrial component markets projected to grow through 2031
Market Research Center reports significant growth projections through 2031 for several global sectors, including transformer components, sintered stainless steel, optoelectronic testing, air purifiers, and farm
22 days ago

[BUSINESS] 3 sources
Automation and smart appliance markets projected for significant growth by 2033
Global markets for retail automation and smart kitchen appliances are set for substantial growth by 2033, driven by AI, connectivity, and the rising adoption of smart home and automated retail technologies.

Sources

californianewswire.com · dreamnews.jp · elizabethton.com · evere.co · the-miyanichi.co.jp · youthsoccercup.com

This summary has been updated 1 time: see revision history