Predictive Maintenance for Manufacturing Market size was valued at USD 5.45 Billion in 2024 and is projected to reach USD 12.34 Billion by 2033, exhibiting a CAGR of 9.8% from 2026 to 2033.
The global Predictive Maintenance for Manufacturing market was valued at USD 3.1 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 27.3% from 2023 to 2030. North America led the market in 2022, accounting for the largest share due to the early adoption of advanced technologies and strong manufacturing base in the U.S. The region’s market size reached approximately USD 1.2 billion in 2022 and is expected to maintain substantial growth over the forecast period. Europe is also a key market, with its market size estimated at USD 800 million in 2022 and a strong CAGR driven by initiatives aimed at automating manufacturing processes and enhancing machine efficiency. Asia Pacific is anticipated to witness the highest growth rate, with an expected CAGR of 30.1%, driven by rapid industrialization in countries like China and India, alongside increasing government investments in smart manufacturing and Industry 4.0 initiatives.
In terms of market share, North America continues to dominate with a projected share of 38.2% in 2023. Europe holds a share of 27.4%, while Asia Pacific is expected to capture a share of 23.6% in 2023. The increasing demand for automated solutions and the ongoing digital transformation in the manufacturing sector will drive the growth of predictive maintenance solutions in these regions. Emerging economies in Latin America and the Middle East & Africa are also presenting substantial growth opportunities, with increasing investments in infrastructure and industrial modernization, further contributing to the market expansion in these regions.
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IBM
Software AG
SAS Institute
PTC
General Electric
Robert Bosch GmbH
Rockwell Automation
Schneider Electric
eMaint Enterprises
Siemens
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Predictive Maintenance for Manufacturing Market
Preventive Maintenance
Predictive Maintenance
Corrective Maintenance
Hardware
Software
On-premise
Cloud-based
Automotive
Electronics & Electrical
Energy & Power
Aerospace & Defense
Food & Beverage
Oil & Gas
Pharmaceutical
Textile
Chemical
Mining
Internet of Things (IoT)
Artificial Intelligence (AI) & Machine Learning (ML)
Big Data Analytics
Cloud Computing
Robotics Process Automation (RPA)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Predictive Maintenance for Manufacturing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Predictive Maintenance for Manufacturing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Predictive Maintenance for Manufacturing Market, By Type
6. Global Predictive Maintenance for Manufacturing Market, By Application
7. Global Predictive Maintenance for Manufacturing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Predictive Maintenance for Manufacturing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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