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Global automation and machinery market growth projections

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2026-08-31 09:02 UTC → 2026-09-01 04:51 UTC · added ~~removed~~

Market research indicates significant growth projections for various ~~automation~~ automation, machinery, and ~~machinery~~ 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. Furthermore,~~ 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.

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