Industry Analysis & Industry Trends
During the past five years, recession-related dips in revenue have corresponded with downstream manufacturers scaling back or eliminating new machinery orders. Exports are anticipated to be the driving force behind revenue in the coming five years, especially with regard to newly industrialized countries. Also, increased consumer spending will encourage manufacturing activity and, in turn, increase the potential for downstream manufacturers to expand capacity through machinery purchases... purchase to read more
Industry Report - Industry Locations Chapter
Although specific concentrations vary by machinery segment, overall industry activity is concentrated in the Great Lakes, Southeast and West regions. California, Illinois and Ohio have the greatest number of establishments. Across the United States, the location of manufacturing establishments in the industry is influenced by its proximity to raw materials and supplies and, to a lesser extent, wholesalers and export markets or ports. IBISWorld analysis shows that the aforementioned regions have a correspondingly higher number of establishments in the wider manufacturing sector.
The Great Lakes
Dense populations and heavy industrial manufacturing activity in the Great Lakes region helps propel this area to its leading rank... purchase to read more