Industry Analysis & Industry Trends
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The industry has faced some challenges during the five years to 2012. The industry is expected to continue to be affected by demand from immediate downstream wholesaling industries, which are affected by the ultimate downstream demand for machinery from the service and commercial sectors of the economy. Cost savings from lean production and reduced labor that helped companies squeak by during the Great Recession will keep companies competitive over the next five years. Demand from these industries is forecast to increase as disposable incomes and corporate budgets return. Each segment of the industry will trend differently over the next five years, but overall, product innovation will drive growth... purchase to read more
Industry Report - Industry Analysis Chapter
The largest of the six diverse industries that comprise the 33331 North American Industrial Classification System code consists of commercial and service machinery. This segment includes commercial cooking equipment, electronic teaching machines, industrial floor cleaners and automotive maintenance equipment, excluding hand tools. The other product segments in 33331 include (in order of revenue share): optical instruments and lenses; photographic and photocopying equipment; office machinery (mainly machines, parts and attachments for postal tasks); automatic vending machines; and commercial laundry and dry cleaning equipment... purchase to read more