Demand in this industry depends on industrial production, construction sectors and the manufacturing sector. After severe downturns during the recession, the economy is projected to continue its recovery, with downstream activity on the rise. This factor will stimulate demand for products manufactured by the industry. However, competition from low-cost imports and restrained domestic demand will partly hamper overall growth.
Items manufactured under this industry code include: power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances, and miscellaneous general purpose machinery.
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.