| SIC Codes: | 3569 3578 3581 3582 3586 3589 3593 3594 3596 3827 3861 3568 3567 3566 3563 3564 3565 3561 3559 3556 3555 3554 3553 3552 3433 3443 3511 3519 3523 3524 3531 3532 3533 3535 3537 3541 3542 3544 3545 3546 3547 3548 3549 |
| NAICS Codes: | 333241 333242 333243 333244 333249 333316 333318 333413 333517 333519 333314 333414 333415 333511 333514 333515 333611 333612 333613 333618 333911 333912 333913 333921 333922 333923 333924 333991 333992 333993 333994 333995 333996 333997 333999 333132 333131 333120 333112 333111 |
Companies in this industry manufacture various kinds of machinery used in agriculture, mining, construction, or manufacturing. Major companies include Applied Materials, Baker Hughes, Caterpillar, Deere, divisions of General Electric, and Kennametal (all based in the US), along with Canon (Japan), Fiat Industrial (Italy), Guangxi LiuGong Machinery (China), Mitsubishi Heavy Industries (Japan), Sandvik (Sweden), and Tetra Laval International (Switzerland),
Demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, manufacturing, oil and gas exploration and production, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The US industry, which is fragmented overall, includes numerous segments that are concentrated.
Major products are farm and construction machinery, metalworking and other manufacturing machinery, HVAC and commercial refrigeration equipment, and general-use machinery such as engines and pumps. While some products, such as tractors or heaters, are finished products, others, like motors, are components used in further production, and some, like textile looms, are custom-designed for a particular manufacturing process.
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