The industrial machinery manufacturing industry comprises establishments primarily involved in manufacturing industrial machinery such as food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), machinery for making paper and paper products, printing and binding machinery and equipment, textile making machinery, and machinery for making plastics and rubber products.
The top five companies covered are Tetra Laval International S.A., Applied Materials, Inc., Lam Research Corp, Tokyo Electron Ltd, ASML Holding N.V. Tetra Laval International S.A. was the largest company in the industrial 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 industrial machinery manufacturing market was valued at around $115 billion in 2017. North America was the largest region in the industrial machinery manufacturing market in 2017, accounting for under 33% market share. The USA was the largest country in the market in 2017, accounting for above 27% market share.
Industrial machinery manufacturers are using industrial internet of things (IIoT) for faster production and delivery of industrial machinery to customers. IIoT is a technology in which sensors, computers, networks interact with their environment to generate data and improve industrial processes. IIoT streamlines the flow of information and enables real-time decisions. This leads to enhanced production efficiency, minimal machine breakdowns and lower manufacturing costs.
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