The global equipment market was valued at around USD 550 billion in 2024 driven by rising demand for industrial equipment, construction equipment, manufacturing equipment, and heavy machinery across multiple sectors. Growth is fuelled by increased infrastructure projects, modernization of factories, expansion of farming equipment and mining equipment, and rising investments in medical equipment, lab equipment, and safety equipment. Technological advancements in automated equipment, portable equipment, and equipment innovation are shaping equipment trends, with companies emphasizing equipment maintenance, sustainability, and digital integration.
Equipment overview
Published by MMR Statistics Research Team, Updated