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 $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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