The Global Other General-Purpose Machinery Manufacturing Market
Posted by praneeth on August 8th, 2018
The other general-purpose machinery manufacturing market is primarily engaged in manufacturing pumps and compressors, such as general-purpose air and gas compressors, nonagricultural spraying and dusting equipment, general purpose pumps and pumping equipment (except fluid power pumps and motors), and measuring and dispensing pumps.
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The market was valued at USD 998 billion in 2017, and is expected to be driven by rise in automation and robotics technology adoption to improve productivity and reduce production costs. Asia Pacific was the largest geographic region in the market, accounting for almost two-fifth of the global market share. This is because the general-purpose machinery manufacturers are using robotics and automation to improve assembly and warehouse operations efficiency.
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China was the largest country in the market, accounting for almost one-fifth of the global other general-purpose machinery manufacturing market share.
The top five competitors in the market are Caterpillar, ABB Ltd, Deere and Company, CNH Industrial NV, and Wolseley PLC. Caterpillar is the largest player in the market. It designs, develops, engineers, manufactures, markets and sells machinery, engines, financial products and insurance to customers via a worldwide dealer network.
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About the Authorpraneeth
Joined: June 6th, 2018
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