Industrial Manufacturing: Introduction
This segment includes companies that manufacture construction machinery, surface mining machinery, and logging equipment.
This segment includes companies that manufacture agricultural and farm machinery and equipment.
Companies in this segment manufacture both underground mining machinery and mineral beneficiating machinery. Underground mining machinery includes coal breakers, mining cars, core drills, coal cutters, and rock drillers. Mineral beneficiating machinery is
Oil and Gas Field Machinery
Companies in this segment manufacture oil and gas field machinery and water well drilling machinery. Oil and gas field machinery includes machines that drill in oil and gas fields, production machinery, and oil and gas field derricks.
Companies in this segment manufacture printing and bookbinding machinery equipment including printing presses, typesetting machinery, and bindery machinery.
Sawmill, Woodworking, and Paper Machinery
This segment manufactures non-handheld sawmill and woodworking machinery including circular and band sawing equipment, planning machinery, and sanding machinery.
The Industrial Manufacturing industry is Fairly Fragmented. The production in this industry is divided among several different companies, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Overall industry activity
- Health of sectors such as agriculture, construction, manufacturing, and oil and gas exploration
- Production and power generation
- Engineering expertise
- Efficient production
From the Blog
For the past 7 quarters, the global manufacturing industry’s main concern has been labor shortages. These shortages are due in large part to a lack of workers with technical skills. Other factors include increasing retirement rates, growing complexity in the global supply chain, and academia. The global manufacturing labor shortage could exceed 8 million people by 2030, resulting in a possible revenue loss of $607 billion. Countries that already struggle with shortages are expected to get worse. Over the next 20 years, Hong Kong’s shortage of manufacturing workers will equate to nearly 80% of its industry workforce.
This is part three of a five-part blog series on the evolution of the textile industry over time.
The Industrial Revolution started in England in the 1700’s. At this time, England was a colonial power, and used its colonies in the Americas and Asia to provide resources such as silk, tobacco, sugar, gold, and cotton, and provided its colonies with finished products such as textiles and metalware. As the population in Britain and its colonies increased, Britain had to find new ways to keep up with the demand for its products. The value for trade motivated Britain to produce more ships and goods, and Britain’s ports, population, and supply of water and coal made it the perfect place to industrialize. At this time, Britain largely controlled international trade, and most global trade was conducted within Europe, but by the late 1790s 57 percent of British exports went to North America and the West Indies, and 32 percent of British imports were provided by these regions.
- Hoovers (Date Accessed: 6/1/2017)