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An illegal choice has been detected. Please contact the site administrator.1 . Machinery Industry Market Research Reports, Analysis & Trends
Machinery industry comprises companies that operate by manufacturing, producing and supplying of various kinds of machinery used in agriculture, mining, construction, or manufacturing. The demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, manufacturing, oil and gas exploration and production, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing.
Small companies can compete effectively by specializing. The US industry, which is fragmented overall, includes numerous segments that are concentrated. Major products are farm and construction machinery, metalworking and other manufacturing machinery, and commercial refrigeration equipment, and general-use machinery such as engines and pumps. While some products, such as tractors or heaters, are finished products, others, like motors, are components used in further production, and some, like textile looms, are custom-designed for a particular manufacturing process.
2 . Machinery Industry Trends
The Industrial Machinery Manufacturing industry encompasses a wide variety of products, including ball bearings, industrial furnaces, sporting equipment and water filtration systems. The industry relies on the performance of its downstream markets, including mining, construction and other manufacturing industries. Other manufacturers use about three-quarters of the products made by the Industrial Machinery Manufacturing industry. The industry is highly fragmented and is characterized by a large number of players operating in different segments. Products in each segment tend to be highly homogenized and thus operators tend to compete based on price rather than on product quality. Industry revenue is projected to rise by 1.1% in 2013-14 to $2.1 billion by the end of 2015. The industry is concentrated on the eastern seaboard, with 80.0% of establishments situated in Victoria, New South Wales and Queensland.
These states are traditional manufacturing hubs, with large skilled working populations and proximity to infrastructure, services and customers. Being situated close to a skilled labor force, suppliers and customers assists in minimizing labor shortages, downtime and transport costs, and maximizing customer contact and service. Being in close proximity to other manufacturers - the major downstream market for the industry - is also of key importance. Outside of the eastern seaboard, Western Australia is the next largest hub for industry activity, accounting for 10.8% of industry locations. WA firms tend to service clients in the mining division. According to the US National Association of Manufacturers, the US represents more than a fifth of the global manufacturing industry, with China producing 15% and Japan 12% of manufactured products. The US manufacturing industry’s output is in excess of $1.5 trillion worth of products, more than 11% of the country’s gross domestic product. The industry represents close to 19 million US jobs, and employs almost 10% of the country’s workforce.
3 . Major Machinery Industry Players
Major players in the machinery industry include Applied Materials, Baker Hughes, Caterpillar, Deere, divisions of General Electric, Kennametal, Canon, Fiat Industrial, Guangxi LiuGong Machinery, Mitsubishi Heavy Industries, Sandvik, and Tetra Laval International.
1 . How MarketResearchReports.com Can Help You Find the Right Report(s)?
Machinery Industry Overall Growth Forecast
We offer syndicated/off-the-shelf and custom market research reports covering Machinery industry. These reports are designed to provide a wholistic view of the global Machinery industry.
The major growth forecast covered are:
- Machinery Industry CAGR % Growth Forecast for 2022-2028
- Machinery Industry Value Growth Forecast for 2022-2028
- Machinery Industry Key Companies Growth Forecast for 2022-2028
Machinery Industry Regional Data Coverage
The reports offered by us provide deep regional data for Machinery industry. This information is designed to help decision makers identify the key growth markets of Machinery industry and prepare their business strategy accordingly.
The major regional data covered are:
- Machinery Industry Region-Wise Growth Trends
- Machinery Industry Key Country Growth Opportunities
- Machinery Industry Focus on Most Important Markets
Machinery Industry Trends Analysis
The reports covering Machinery industry offer trends analysis of various types. These include overall key growth opportunities in global Machinery industry.
The major trends and analysis covered are:
- Machinery Industry Key Player Profiles
- Machinery Industry SWOT Analysis
- Machinery Industry Growth Drivers and Challenges
2 . Latest Market Research Reports on Machinery Industry
Below mentioned is the list of reports available for on Machinery industry. If you are not able to locate the correct report, please use the search option available on top of this page to search for the right report. You can also chat with us using the online chat system facility available at the bottom right corner of this page. You can also send your requirements using the contact form.
We also undertake custom market research projects which can provide reports matching your specific data requirements. Please send us your custom research project details using the custom market research form.