Industry Analysis & Industry Trends
The Industrial Machinery Manufacturing industry encompasses a wide variety of products, including ball bearings, industrial furnaces, sporting equipment and water filtration systems. The industry relies on the performance of its downstream markets, including mining, construction and other manufacturing industries. The industry is highly fragmented and is characterised by a large number of players operating in different segments. Products in each segment tend to be highly homogenised and thus operators tend to compete based on price rather than on product quality.
Industry revenue is projected to rise by 1.1% in 2013-14 to $2.1 billion. This is in contrast to the annualised decline rate of 2.6%... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration is low, with the top four operators accounting for an estimated 18.3% of industry revenue in 2013-14. There are more than 800 business entities in the Industrial Machinery Manufacturing industry, and most segments of the industry are highly fragmented. The industry incorporates a large number of unrelated products. Few industry participants manufacture more than one product assigned to the industry.
Industry concentration varies between market segments. Within these market segments, there are several clear market leaders. For instance, in the bearings segment, ABB and CBC are the market leaders. Similarly, Furnace Engineering is a major player in the furnace manufacturing segment... purchase to read more