Titan Machinery Competition
Now Viewing Titan Machinery's competition in: Industrial Machinery Wholesalers
Recent Developments
Industrial Machinery Shipments, Orders Fall - US shipments of and orders for industrial machinery, demand indicators for industrial machinery wholesalers, dropped in the first seven months of 2008 compared to the same period a year earlier. Industrial machinery shipments declined just over 8 percent; orders for new industrial machinery dipped more than 7.
Industrial Machinery Imports Decline - Overall, US imports of industrial machinery dropped nearly 1 percent in the first seven months of 2008 compared to a year earlier. Some specific segments, however, gained: pumps and compressor imports grew nearly 11 percent, followed by metalworking machinery and motors and generators, which had gains of 4 and 3 percent, respectively. Growth in industrial equipment imports is coming from established suppliers in Europe, primarily those in the UK, Germany, and Italy, but also from emerging markets such as China and India.
Auto Sector Woes Continue - The US auto industry, a major buyer of industrial machinery, continues to suffer from a host of challenges. High fuel prices, tightening consumer credit, and housing worries have eroded demand for new cars. Resale values for used vehicles due to the shifting consumer preference for small cars has left many truck and SUV owners owing more than their vehicles are worth. Falling resale values have also prompted car makers to curtail leasing. Recovery may take several years, due to the numerous issues facing the US auto industry.
Competitive Landscape
Demand depends heavily on US manufacturing activity. Profitability depends on product selection and efficient operations. Large companies have economies of scale in advertising and sales programs. Small companies can compete effectively by specializing in particular industries, end-use applications, or geographical areas, and by offering special services. The industry is highly automated: average annual sales per employee is $350,000.
Industrial Machinery Wholesalers Industry Forecast
from Hoover's/D&B subsidiary First Research
The domestic demand of US US agriculture, construction, mining, oilfield, and metalworking machinery; as well as special, general, service, and miscellaneous industry machinery is forecast to grow at an annual compounded rate of 6.4 percent between 2008 and 2013.
Machinery Demand Growth Improves
First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.
First Research Opportunity Rating
The First Research Opportunity Rating is First Research's estimate of industry performance vs. industry risk over the next 12 to 24 months.
- Demand: Low dollar spurs export demand
- Large companies have purchasing economies
- Risk: Slow economy cuts domestic demand
Industries Where Titan Machinery Competes
- Industrial Manufacturing
- Industrial Machinery & Equipment Distribution (primary)
- Industrial Equipment Leasing
- Industrial Machinery & Equipment Manufacturing
