These establishments primarily engaged in manufacturing pumps and compressors, such as general-purpose air and gas compressors, nonagricultural spraying and dusting equipment, general purpose pumps and pumping equipment (except fluid power pumps and motors), and measuring and dispensing pumps.
The global other general purpose machinery manufacturing market was valued at $998 billion in 2017. Asia Pacific was the largest geographic region accounting for $395.2 billion or 39.6% of the global market. China was the largest country accounting for $177.6 billion or 17.8% of the global other general purpose machinery manufacturing market.
Many other general-purpose machinery manufacturers are using robotics and automation to improve assembly and warehouse operations efficiency. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs .
Companies Covered: Caterpillar, ABB Ltd., Deere & Company, CNH Industrial NV, Wolseley PLC
Market Segments Included: Other General Purpose Machinery Manufacturing
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