Skip to main content
  1. Market Insights
  2. Industrial
  3. Manufacturing
  4. Industrial Products & Services

Machinery & Equipment - Ireland

Ireland
  • Value added in the Machinery & Equipment market is projected to amount to 0.00 in 2024.
    A compound annual growth rate of 0.0 is expected (CAGR 2024–0).
  • Output in the Machinery & Equipment market is projected to amount to 0.00 in 2024.
    A compound annual growth rate of 0.0 is expected (CAGR 2024–0).
  • The number of enterprises in the Machinery & Equipment market is projected to amount to 0.00 in 2024.
    A compound annual growth rate of 0.0 is expected (CAGR 2024–0).
  • The number of employees in the Machinery & Equipment market is projected to amount to 0.00 in 2024.
    A compound annual growth rate of 0.0 is expected (CAGR 2024–0).

Definition:

The Machinery and Equipment market involves the production of various machines that act on materials, perform operations, and apply force to achieve a specific outcome. This includes the manufacture of fixed and mobile devices, hand-held equipment, and machinery used in industrial, agricultural, and construction settings.

Additional information:

The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.

In-Scope

  • Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
  • Manufacture of fluid power equipment, pumps, compressors, taps and valves
  • Manufacture of bearings, gears, gearing and driving elements, ovens, furnaces and furnace burners
  • Manufacture of lifting and handling equipment, office machinery and equipment, power-driven hand tools
  • Manufacture of machinery for agricultural, forestry, metallurgy, mining, quarrying and construction
  • Manufacture of machinery for food, beverage and tobacco processing, textile, apparel and leather production
  • Other categories listed within ISIC Division 28 as "included"

Out-Of-Scope

  • Manufacture of metal products for general use
  • Manufacture of control devices, computer equipment, measurement and testing equipment
  • Manufacture of electricity distribution and control apparatus
  • Manufacture of general-purpose and motor vehicles
  • Other categories listed within ISIC Division 28 as "excluded"
Manufacturing

Manufacturing

Related markets:
Manufacturing: market data & analysis - Cover

Market Insights report

Manufacturing: market data & analysis

Study Details
    methodology

    Download PDF

    FAQs and more info on the methodology

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Analyst Opinion

    The manufacturing market has faced several challenges in recent years due to geopolitical uncertainty, supply chain disruptions, changing consumer preferences, and increasing regulatory scrutiny. However, several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization, continue to influence the market, and the outlook for manufacturing remains positive.

    While the Covid-19 pandemic has caused significant hardships for manufacturers, those that invested in digitalization and automation of their processes will be best positioned for long-term success. Manufacturers who can effectively balance cost pressures and maintain a strong focus on quality are likely to survive the current crisis and come out more resilient in the end.

    Among the factors that could affect the manufacturing market in 2023 is the adoption of advanced technology, such as artificial intelligence, robotics, and the Internet of Things (IoT), which have the potential to improve overall efficiency and productivity while reducing costs.

    Furthermore, our analysts believe that sustainability and environmental awareness will become increasingly important trends, as more investors and consumers prefer companies that prioritize these values and develop eco-friendly products.

    Finally, geopolitical factors such as trade tensions and changes in government policies could also impact the manufacturing market in 2023, with the Russia-Ukraine war having the biggest impact.

    In summary, the current environment presents both challenges and opportunities for the manufacturing market in 2023. However, with the right managerial strategies and high flexibility, companies can succeed and strengthen their long-term market position.

    Methodology

    Data coverage:

    The data encompasses B2B. Figures are based on the value added in the manufacturing market.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

    Industrial

    Access more Market Insights on Industrial topics with our featured report

    Manufacturing: market data & analysis - BackgroundManufacturing: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Machine tool industry in Germany - statistics & facts

    Machine tools are used for manipulating metal and similar rigid materials by cutting, shearing, grinding, or lathing. Due to their fundamental uses, machine tools play a vital part in many manufacturing industries. In 2021, machine tools worth nearly 84 billion U.S. dollars were produced worldwide. Germany was responsible for manufacturing about 13 percent of the global machine tool production that year.
    More data on the topic
    Global machine tool production
    83.9bn USD
    European machine tool production
    22.5bn EUR
    Machine tool production in Germany
    8.99bn EUR

    Contact

    Get in touch with us. We are happy to help.