Industrial Production “Teaser” Report

Industry Analysis

Industrial Machine Production Q1 2012 Industry Overview Industrial play a crucial role in the modern day economy for these equipment enable industries to mass produce commodities, as well as facilitate delivery and transport of goods and services across geographies. The origins of the industrial machinery industry date back to the 18th century, when industrial equipment and became the of the . It was during this period when major changes were introduced in , , and transportation through the introduction of early industrial machines. Machine technology advanced to the development of all-metal machine tools early in the 19th century, resulting in machines to make other machines, which enabled many parts of the world economy to move from the art of hand crafting products to the routine manufacture of consistent products. Today, the industrial machine industry encompasses a vast range of products, ranging from huge industrial turbines costing millions of dollars to the common lawn mower, but all machinery has one common defining feature: it either reduces or eliminates the amount of human work required to accomplish a task. Industrial machines are critical to the production of many goods and services of an economy because nearly every workplace in every industry uses some form of machinery. From the farm to the commercial refrigerator in use in a restaurant, industrial machines are necessary for the way people live today. Thus, while most people never use or even see the industrial machines that make their lifestyles possible, they use the products they make every day. Market Structure. The industrial machine production industry is fragmented, mostly due to diverse needs of a large array of customers. Many types of companies are needed to serve varied needs of many kinds of manufacturers. Two basic types of industrial machinery are produced: standard and customized. Standard machinery is for common manufacturing jobs, which are built for packaging lines, plastic injection equipment, molding equipment, and metal machines for stamping, punching, and bending. Customized machinery is for specialized applications, costs more, and needs longer lead time to produce. These machines are often made for papermaking, transportation, mining, chemicals, textiles, and aircraft production. Another way to break down the industry is by functions of the equipment: power generating machinery and equipment; machinery; general industrial machines; and specialized machines. The industrial machine production industry also manufactures industrial tools, including machine tools, automated machine tools, hand tools, precision tools and expendables. Machine tools are *Fullpower report-driv encontains metalworking machines-focused research used for metal cutting and forming. Automated machine tools use numerical controlincluding: computer critical analysis,technology, statistics, which and qualitative allows machine tools to quickly switch between jobs. Hand tools and precisioncommentary, tools are similar along to with tools Advisen on the analytics such as consumer market but often have mechanical power (e.g., pneumatic drills) or moreMSCAd precision Large Losses (e.g., & specialized Insurance Program hand Pricing drills). Expendables are quickly depreciating products and other accessories such as taps, dies, twist drills, gauges and reamers. *Click here for full sample report

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