Machinery Manufacturing Market Global Briefing 2018

Machinery Manufacturing Market Global Briefing 2018

  • January 2018 •
  • 40 pages •
  • Report ID: 4897305 •
  • Format: PDF
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 machinery manufacturing industry is further classified as follows - 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

Asia Pacific was the largest region in the machinery manufacturing market in 2017, accounting for around 40% market share. Western Europe was the second largest region accounting for around 29% market share. South America was the smallest region accounting for around 3% market share.

Rise In On Shoring - 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. For instance General Electric (GE) shifted a major part of its production from China back to the USA in 2015.

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