| Product Code | IBI01455 |
|---|---|
| Publication Date | February 2010 |
| Publisher | IBISWorld |
| Product Type | Report |
| Pages | 47 |
Demand in this industry is dependent on industrial production, construction sectors and in the manufacturing sector. In the declining stage of its life cycle, the introduction of new products, along with continuous improvement of old products, has been effective in countering market saturation and keeping product and market demand high. There is pressure to reduce price and lead-time, and to improve product quality. The development and establishment of brand names and patents by existing industry participants are barriers to new industry entrants. This industry comprises establishments primarily in manufacturing general-purpose machinery (except ventilation, heating, air- conditioning, and commercial refrigeration equipment; metal working machinery; engines, turbines, and power transmission equipment; pumps and compressors; and material handling equipment). This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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