|Last Quarterly Update:||3/25/2013|
|SIC Codes:||3500, 3531, 3532, 3533, 3534, 3535, 3536, 3537|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry manufacture various kinds of machinery used in agriculture, mining, construction, or manufacturing. Major companies include Applied Materials, Baker Hughes, Caterpillar, Deere, divisions of General Electric, and Kennametal (all based in the US), along with Canon (Japan), Fiat Industrial (Italy), Guangxi LiuGong Machinery (China), Mitsubishi Heavy Industries (Japan), Sandvik (Sweden), and Tetra Laval International (Switzerland),
The global machinery manufacturing industry generates more than $2 trillion in annual revenue. Top producers include China, Germany, Japan, the US, and South Korea.
The US machinery manufacturing industry includes more than 20,000 companies with combined annual revenue of about $365 billion and is forecast to experience low growth over the next two years. Growth challenges include a weak global economy that impacts exports.
For more information on some key components of the machinery manufacturing industry, please also see the following industry profiles: Agricultural Machinery Manufacturing, Construction Machinery Manufacturing, Metalworking Machinery Manufacturing, Oil & Gas Field Equipment Manufacturing, Printing Machinery & Equipment Manufacturing, and Semiconductor Equipment Manufacturing.
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, ...
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