The machinery manufacturing industry comprises establishments primarily engaged in manufacturing industrial and commercial machinery. These establishments assemble parts into components, sub-assemblies and complete machines.
The top five companies covered are General Electric Co, Caterpillar Inc., Canon Inc., Deere & Company and Mitsubishi Heavy Industries, Ltd. General Electric was the largest company in the machinery manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global machinery manufacturing market was valued at around $3436 billion in 2017. Asia Pacific was the largest region in the machinery manufacturing market in 2017, accounting for 40% market share. China was the largest country in the market in 2017, accounting for 18% market share.
Globally, machinery manufacturers are re-allocating their production plants closer to consumer markets to reduce costs and offer high quality products to customers. Rapid wage increases, rising transportation costs and the difficulty of effective quality control at offshore locations are leading them to re-assess the attractiveness of off-shoring production locations in the developing countries. These factors are encouraging many companies to relocate production closer to their markets.
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