Companies // Machinery
|Max. order size||3,000|
This company is a constituent of the machinery sector. Machinery and machinery tools make it into almost every industry sector, be it as farming and packaging machines or as ATMs for cash transactions. Technology advances have been impacting the fortunes of this sector at a fundamental level, allowing customers to replace human power with machine power, and combining a range of processes into one. Machinery requires heavy investment, but prices come down when equipment is mass produced or has been on the market for some time. Significantly increasing output while saving on human capital can make equipment pay for itself within a limited period of time. The food and staples and forest products sectors are just two of the major customers of machinery manufacturers, as they require a range of machines and tools to deal with varied tasks and geographic challenges. Other major customers are the construction and manufacturing industries. Because the construction sector depends heavily on the health of the overall economy, the demand for machinery can fluctuate at times. Machinery manufacturing is expanding at a rapid rate: although heavy industry generally is becoming increasingly automated, there is a commensurate need for companies that provide support to machinery buyers, like components manufacturers, inspectors and engineers. Watch this space: The emerging markets have a great need for new, advanced machinery. China, India and Central and Eastern Europe in particular have inherited much of the globeâ€™s manufacturing capacity. Over the past decade, new factories have been built by foreign and local investors to help these countries increase their share of the global manufacturing cake.
The relative strength of the manufacturing, construction and agricultural sectors. Other factors include technological advances and new materials, the cost of commodities and energy prices (affecting the production of machines and transport).