5.8.8Segment

Industrial Equipment & Machinery

Manufacturers of conveyors, pumps, valves, pressure vessels, robots, and other industrial machinery and equipment.

4
Verticals

Overview

Industrial Equipment & Machinery covers the production of industrial machinery, equipment, and capital goods used across manufacturing, construction, agriculture, and energy. It is a mature, cyclical, capital-goods industry dominated by global OEMs with growing aftermarket and service revenue.

This profile is maintained in depth under the dedicated Heavy & Industrial Equipment Manufacturing sector; it is cross-referenced here as part of the broad manufacturing landscape but is sized and analyzed there to avoid double-counting.

Market snapshot

Market size
~$115B
Growth
~2.0%CAGR (2017–22, nominal)
Companies
~2,265 firms
Firms by employee count

64.9% of firms have fewer than 20 employees: 1,469 micro-businesses, below most mandates.

The investable universe796 firms with 20+ employees
20–99
50263%
100–499
13917%
500+
15519%

Read the growth carefully: several classifications here were created in the 2022 revision and have no earlier counterpart, so a naive comparison overstates the trend badly. On a like-for-like basis the segment grew about 2% a year — a mature, replacement-driven market where installed base and service coverage matter more than new-unit demand.

NAICS 332991, 333248, 333310, 333612, 333613, 333991, 333992, 333994, 333998, 336999, 339991. U.S. Census Bureau — 2022 Statistics of U.S. Businesses; U.S. Census Bureau — 2022 Economic Census.

Business model & economics

Revenue model

Equipment sales plus aftermarket parts and service

Key economics

Revenue per firm
$50,737,937
Revenue per employee
$363,396
Employees per firm
56.4
Recurring revenue
Moderate–High

recurring aftermarket and service

EBITDA margin
Cyclical equipment; richer aftermarket
Capex intensity
High

Characteristics

  • Scale-driven — payroll is only 20% of revenue; the cost base is assets, not headcount
  • Deep strategic-buyer pool — 155 firms exceed 500 employees, so a scaled asset has trade buyers
  • Mature, cyclical capital-goods industry.
  • Aftermarket and service the recurring layer.
  • Fully profiled under Heavy & Industrial Equipment Mfg.

NAICS 332991, 333248, 333310, 333612, 333613, 333991, 333992, 333994, 333998, 336999, 339991. U.S. Census Bureau — 2022 Statistics of U.S. Businesses; U.S. Census Bureau — 2022 Economic Census.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Global equipment OEMs
  • PE-backed industrial platforms
  • Component consolidators

What’s driving deals

  • Aftermarket and technology acquisition.
  • Automation and electrification.
  • See the Heavy & Industrial Equipment sector.

Verticals in this segment

Find Industrial Equipment & Machinery acquisition targets

Search Acquisera’s index for companies classified under Industrial Equipment & Machinery (5.8.8) and build a targeted deal pipeline.

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