Machinery Industry - Market Research Report

The global   positive displacement pumps market   was valued at USD 19.06 billion in 2023 and is projected to reach USD 26.53 billion by 2030, reflecting a CAGR of 4.8% from 2024 to 2030. Market expansion is strongly supported by the rise in newly established chemical processing facilities and a growing global focus on wastewater treatment, particularly for the removal of hazardous effluents. These factors continue to boost the adoption of positive displacement pumping systems across key industrial sectors. Key Market Trends & Insights In 2023, the Asia Pacific region emerged as the dominant market, accounting for 40.3% of global revenue, driven by rapid industrialization, infrastructure development, and expanding chemical and manufacturing industries. North America also showcased stable growth, supported by technological upgrades and high demand across oil & gas, water treatment, and industrial processing applications. Among end-use industries, the oil & gas secto...

The global   agricultural tractor market   was estimated at 3,098.2 thousand units in 2023 and is projected to reach 4,965.5 thousand units by 2030, representing a compound annual growth rate (CAGR) of 7.2% between 2024 and 2030. The strong demand is driven by increased need for compact tractors on smaller farms as well as advances in technology such as the integration of telematics with tractors. Key Market Trends & Insights In 2023, the Asia Pacific region held the largest volume share globally—accounting for more than 74.57% of the market—and is expected to maintain this dominant position over the forecast period. Within North America, the United States is anticipated to contribute a significant revenue share. By driveline, the two-wheel drive (2WD) segment held over 80.78% of the market in volume terms in 2023, reflecting its strong global preference. In terms of engine power, tractors under 40 HP represented more than 62.25% of volume in 2023, driven primarily by dema...