Many other general-purpose
machinery manufacturers are using robotics and automation to improve assembly
and warehouse operations efficiency. Sensors are being used in various machines
to access invaluable data for improving efficiencies and reduce potential
breakdowns. For instance, according to a report by Boston Consulting Group
(BCG) in 2015, 1.2 million industrial robots are expected to be deployed by
2025, thus indicating rise in automation and robotics technology adoption to
improve productivity and reduce production costs.
THE
BUSINESS RESEARCH COMPANY VALUED THE OTHER GENERAL PURPOSE MACHINERY
MANUFACTURING MARKET AT $1 TRILLION IN 2017
Asia Pacific was the largest
geographic region in the market, accounting for two-fifth of the global market
share.
According to The Business Research Company’s
Consultant, Nitin Gianchandani, machinery manufacturers are re-allocating
their production plants closer to consumer markets to reduce costs and offer
high quality products to customers. Rapid wage increases, rising transportation
costs and the difficulty of effective quality control at offshore locations are
leading them to re-assess the attractiveness of off-shoring production
locations in the developing countries. These factors are encouraging many
companies to relocate production closer to their markets.
Download a sample of the report at:
https://www.thebusinessresearchcompany.com/sample.aspx?id=354&type=smp
Caterpillar was the biggest
player in the other general purpose machinery manufacturing market, with
revenues of $46 billion in 2017. Caterpillar’s strategy focuses on improving solutions
to help customers to build a better world and allows company to deliver
profitable growth for their
shareholders.
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.
Other General Purpose Machinery
Manufacturing Global Market Report 2018 is a detailed report
giving a unique insight
into this market. The report is priced at $6000 for an individual user. To use
across your office, the price is $9000 and $12000 if you wish to use across a
multinational company.
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The Business Research Company
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have delivered hundreds of research projects to the senior management of some
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