Market Forecast by Countries (United States, Canada), By Type (Agriculture, Construction, And Mining Machinery, Industrial Machinery, Commercial And Service Industry Machinery, Ventilation, Heating, Air-Conditioning, Commercial Refrigeration Equipment), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others, Others), By Nature (Organic, Conventional) And Competitive Landscape
Product Code: ETC437746 | Publication Date: Nov 2022 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Machinery Market |
Forecast period | 2025-2031 |
Forecast Size | USD 19.08 billion by 2031 |
CAGR | 6.2% |
Growing Sector | Industrial Machinery |
The report on the North America Machinery Market offers a comprehensive analysis by types, application segments, leading players, and key government initiatives. This elaborate report provides stakeholders with valuable insights into current and forecasted market trends, major drivers, fast-growing segments, and main challenges to assist in making strategic decisions and adjusting marketing plans according to evolving industrial dynamics.
North America Machinery Market was valued at USD 14.79 billion and is expected to reach USD 19.08 billion, growing at a CAGR of around 6.2% from 2025 to 2031. Technological advancements, increased automation, and substantial investments in infrastructure are some of the key factors that are fuelling the growth of this market.
North America Machinery Market is a cornerstone of various industries including construction, agriculture and manufacturing at large. With continuous technological advances coupled with escalating automation activities, it is poised for significant growth. Key market drivers include smart machines implementation, energy-saving systems as well as move towards sustainability. Besides that, the U.S. economic stability together with regulatory landscape within Canada serve as enablers for the said market to develop further over time.
According to 6Wresearch, The North America Machinery Market size is expected to grow at a significant CAGR of 6.2% during the forecast period 2025-2031. The North America Machinery Market is propelled by a number of factors including technological developments that improve efficiency and productivity of machines. Changes in regulations that are meant to enhance sustainable practices has created escalating demand for energy-efficient machines. The market is also being driven by consumer preference for automation and intelligent systems. Moreover, huge investments in infrastructure and industrial projects are helping to drive the machinery business, particularly in agriculture and construction sectors.
In spite of its robust growth, the North America Machinery Market faces a number of hurdles. High initial costs associated with sophisticated machinery prevent small and medium-sized enterprises from adopting up-to-date technologies. Additionally, economic factors such as fluctuating prices of raw materials or trading policies can impact on market stability. Furthermore, the difficulty surrounding running and maintaining advanced equipment necessitates highly trained employees who are currently hard to find thus posing a big challenge to market expansion.
The North America machinery market comprises of big names like Caterpillar Inc., General Electric, and John Deere among others. These top firms lead in terms of technological advancements with a variety of machines meant for different uses. Continuous commitment to research, partnerships and mergers are used by these companies to maintain their competitive advantage thus enhancing the growth of the market.
In North America, government initiatives are crucial for the machinery market. Initiatives such as the “Advanced Manufacturing Partnership” and the “Energy Efficiency Improvement Act” aim to promote innovation in technology and save energy. They provide grants and rewards to companies that incorporate green strategies in their production processes with a view of increasing market size. The development projects on infrastructure sponsored by state and federal governments also increase demand for modernized machinery.
The North America Machinery Market is expected to witness exciting developments in the near future. Emerging trends include the integration of artificial intelligence and IoT in machinery for real-time monitoring and predictive maintenance. There will be a greater emphasis on sustainable and eco-friendly machinery solutions. The market is also anticipated to benefit from growing investments in infrastructure and increased automation in manufacturing processes, paving the way for new growth opportunities.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is leading the growth within the machinery market. The country's vast industrial base, robust construction activities, and continuous advancements in agricultural technology are driving this expansion. Additionally, substantial investments in mining and renewable energy projects contribute significantly to the market's growth.
Among the various types of machinery, the Industrial Machinery segment is experiencing the fastest growth in North America. This segment's rise is fueled by increasing automation and digitization across manufacturing processes, a surge in demand for high-precision equipment, and the need for efficient production lines to meet escalating consumer demands.
E-commerce stands out as the fastest-growing distribution channel for machinery in North America. The convenience, extensive reach, and ability to offer a wide variety of machinery options online cater to businesses looking for efficient purchasing solutions. This trend is amplified by advances in supply chain management and logistics technologies, ensuring timely delivery and service.
Organic machinery is witnessing the most rapid growth within the North American market. Growing environmental awareness and stringent regulations are pushing businesses to adopt eco-friendly machinery solutions. The preference for sustainable practices among consumers and businesses alike has accelerated the development and adoption of organic machinery, which includes equipment that is energy-efficient and made from sustainable materials.
The report offers a comprehensive study of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Machinery Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 North America Machinery Market - Industry Life Cycle |
3.4 North America Machinery Market - Porter's Five Forces |
3.5 North America Machinery Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 North America Machinery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 North America Machinery Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 North America Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Machinery Market Trends |
6 North America Machinery Market, 2021 - 2031 |
6.1 North America Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 North America Machinery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.3 North America Machinery Market, Revenues & Volume, By Nature, 2021 - 2031 |
7 United States Machinery Market, 2021 - 2031 |
7.1 United States Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 United States Machinery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7.3 United States Machinery Market, Revenues & Volume, By Nature, 2021 - 2031 |
8 Canada Machinery Market, 2021 - 2031 |
8.1 Canada Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Canada Machinery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8.3 Canada Machinery Market, Revenues & Volume, By Nature, 2021 - 2031 |
9 North America Machinery Market Key Performance Indicators |
10 North America Machinery Market - Opportunity Assessment |
10.1 North America Machinery Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
10.3 North America Machinery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10.4 North America Machinery Market Opportunity Assessment, By Nature, 2021 & 2031F |
11 North America Machinery Market - Competitive Landscape |
11.1 North America Machinery Market Revenue Share, By Companies, 2024 |
11.2 North America Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |