Machinery Manufacturing

Machinery Manufacturing

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture various kinds of machinery used in agriculture, mining, construction, or manufacturing. Major companies include Applied Materials, Caterpillar, divisions of General Electric, Halliburton, John Deere, and Kennametal (all based in the US), along with Canon and Mitsubishi Heavy Industries (Japan), CNH Industrial (UK), Sandvik (Sweden), SANY (China), and Tetra Laval (Switzerland).

COMPETITIVE LANDSCAPE

While the global economy has improved and prices for many commodities have risen, mounting trade tensions and geopolitical uncertainty are prompting machinery manufacturers and their customers to focus on increasing productivity. Machinery manufacturers can improve competitiveness by investing in products and services that leverage connectivity and data to forge more collaborative and lucrative relationships with customers. To that end, many machinery manufacturers are developing connected products that collect and analyze operational data which helps customers cut operating costs, predict machinery maintenance requirements, and increase efficiency.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products are engines (diesel, semidiesel, and dual fuel) accounting for about 20% of the industry revenue and power cranes, draglines, shovels, and excavators also accounting for about 20%. Other products include unitary air conditioners, semiconductor wafer processing equipment, industrial pumps, and commercial refrigerators. While some products, such as tractors or heaters, are finished products, others, like motors, are components used in further production, and some, like textile looms, are custom-designed for a particular manufacturing process.