Almost three-quarters of products made by the Industrial Machinery Manufacturing industry are used by other manufacturers. This includes machinery that ranges from knitting machines to taxi meters and affects a wide range of manufacturing processes.
For the past five years, the industry has been in decline; industry revenue is expected to shrink by 2.3% per annum over the five years through 2012-13. The gradual removal of tariffs and the emergence of low-cost manufacturing hubs in developing economies have caused the manufacture of textiles, automobiles and other products to head offshore.
The Industrial Machinery Manufacturing industry consists of establishments that manufacture industrial machinery, including ball or roller bearings. It also includes companies engaged in manufacturing marine inboard engines (except inboard diesel engines of 37 kilowatts brake power and over) and marine outboard motors.
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.