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.
The machinery manufacturing market is segmented into Engine, Turbine, And Power Transmission Equipment Manufacturing, Metalworking Machinery Manufacturing, Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing, Commercial And Service Industry Machinery Manufacturing, Industrial Machinery Manufacturing, Agriculture, Construction, And Mining Machinery Manufacturing, and Other General Purpose Machinery Manufacturing.
Engine, Turbine, And Power Transmission Equipment Manufacturing segment includes turbine generator set units, speed changer, industrial high-speed drive, and mechanical power transmission equipment manufacturing. This industry also includes internal combustion engine manufacturing.
Metalworking Machinery Manufacturing segment includes industrial mold, special die and tool, die set, jig, and fixture, cutting tool, machine tool accessory, machine tool and rolling mill manufacturing.
Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing segment includes industrial and commercial fan and blower and air purification equipment, heating equipment (except warm air furnaces) air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing.
Commercial And Service Industry Machinery Manufacturing segment includes optical instrument and lens, photographic and photocopying equipment manufacturing.
Industrial Machinery Manufacturing segment includes food product machinery, semiconductor machinery, sawmill, woodworking, paper machinery, printing machinery and equipment manufacturing.
Agriculture, Construction, And Mining Machinery Manufacturing segment includes farm machinery and equipment, lawn and garden tractor, home lawn and garden equipment, construction machinery, mining machinery and equipment and oil and gas field machinery and equipment manufacturing.
Other General Purpose Machinery Manufacturing segment includes pump and compressor, material handling equipment and all other general purpose machinery.