The industry has faced some challenges during the five years to 2014. The industry is expected to continue to be influenced by demand from immediate downstream wholesaling industries, which are affected by the ultimate downstream demand for machinery from the service and commercial sectors of the economy. Cost savings from lean production and reduced labor that helped companies squeak by during the recession will keep companies competitive over the next five years. Demand from these industries is forecast to increase as disposable incomes and corporate budgets return.
This industry mainly manufactures commercial cooking equipment, floor-cleaning machines (excluding residential vacuums), electronic teaching machines and automotive maintenance equipment (excluding hand tools). Firms also manufacture parts and attachments for service-industry equipment; optical instruments and lenses; copiers and office machinery (excluding printers); photographic equipment (excluding digital); automatic vending machines; and commercial laundry and dry-cleaning equipment.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.