Global Machine-as-a-Service (MaaS) Market Outlook by 2026: Trends, Segments & Growth Drivers

 


Introduction

According to MarkNtel Advisors’ research report “Global Machine as a Service Market Analysis, 2021”, the Global Machine as a Service market is anticipated to grow at a CAGR of around 40% during 2021-26F. 

This shift from ownership to service-based models offers users flexibility, reduced capital expenditure, predictive maintenance, and scalable access to the latest smart machinery.

Market Segmentation & Key Highlights

1. By Equipment / Machine Type

Major segments include:

  • Laser-cutting machines, which led the global revenue share (~15%) in 2022–23 CNC machines, forecast to grow at a blistering CAGR of 56–59% due to telecom, semiconductor, and medical-device demand
  • Other equipment categories include air compressors, excavators, pumps, packaging machines, cranes, material handling systems, printing, turning and milling machines

2. By Financing Model

Two dominant pricing models:

  • Subscription‑Based: Represented ~51% of revenue share in 2022–23. Offers predictable payments, service bundles, and minimal upfront cost
  • Outcome‑Based / Pay‑Per‑Use: Close second in terms of growth, with similar CAGR (~51–52%), where customers pay for performance or usage

3. By End‑Use Industry

Leading verticals include:

  • Manufacturing, which captured the largest share (~38–39%) in 2022–23 thanks to heavy reliance on CNC and laser equipment and desire for operational efficiency
  • Construction, projected CAGR ~44–45%, driven by needs for flexible heavy machinery access
  • Other sectors: Mining, Packaging, Material Handling, plus emerging demand in aerospace, healthcare devices, automotive, and oil & gas

4. By Region

Geographically:

  • North America holds the largest revenue share (~36–37%) in 2022–23, due to advanced industrial sectors and early technology adoption
  • Asia‑Pacific is forecast to grow fastest (CAGR ~52–57%), led by China and India’s rapid infrastructure and IoT expansion
  • Europe, Latin America, and Middle East & Africa are growing steadily with increasing digitalization and sustainability mandates

Emerging Drivers & Trends

  • IoT‑enabled predictive maintenance: Sensors on equipment monitor performance and reduce downtime, making MaaS more reliable and cost-efficient
  • AI and AI-driven analytics: Data from connected machines enables optimization and scheduling efficiencies that drive user value
  • Sustainability & circular economy: As firms favor reuse over ownership, MaaS helps extend equipment lifespans and reduces waste and carbon footprint
  • OEM digital transformation: OEMs (e.g. Siemens, DMG MORI, Atlas Copco, TRUMPF) are pivoting from hardware sales to integrated service chains, leveraging data-driven servicing models

Competitive Landscape & Notable Players

Key global players profiled in industry reports include:

  • TRUMPF, Siemens, Atlas Copco, KAESER, DMG MORI, Heller Maschinenfabrik, Metso Outotec, Volvo and others actively offering MaaS / EaaS solutions

Many are bundling hardware with cloud platforms, analytics tools, and predictive maintenance services. For instance, OEMs increasingly collaborate with digital partners or acquire software startups to enhance their service portfolio

Implications & Strategic Outlook

  • For Buyers: MaaS offers flexible scaling, access to the latest smart machines, lower CapEx, and reduced maintenance burdens—ideal for SMEs and large industrial users alike.
  • For OEMs: Transitioning to service-centric revenue models strengthens long‑term customer engagement, improves margins, and opens new digital service lines.
  • Regional Focus: Investors in Asia‑Pacific—especially China and India—should prioritize cloud‑enabled MaaS deployments; meanwhile, North America and Europe are mature markets ripe for value-added analytics expansion.

Conclusion

The Global Machine‑as‑a‑Service market is scaling rapidly, fueled by digital transformation trends, cost-conscious end‑users, and OEMs embracing service‑based business models. With subscription-based financing, CNC and laser equipment, and demand across manufacturing and construction driving growth, the MaaS ecosystem is set to redefine industrial machinery access by 2032.

Understanding the segmented landscape—by equipment type, financing model, end‑use industry, and region—can help businesses and investors position themselves to capitalize on this dynamic market.

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