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The machine industry or more commonly known as the industrial manufacturing industry deals in producing and maintaining machines for B2B businesses, industries, and other companies that require machinery and equipment. The industry, amidst all the economic recessions, skilled labor shortages, fluctuating markets, and the threat of budding of trade wars, has continued to have solid growth and performance over the past decade. During this entire time, its production and sales have not only benefitted the industrial manufacturing industry itself but also all other industries it has provided the equipment for. It’s obvious that all industries, be it food, textile, garment, electronic, or even instrumental require machines, specific equipment, and plants to function and this is why machinery manufacturers and suppliers prove to be one of the major contributors to each of them.
Generally, the machine industry deals with manufacturing a range of products such as power tools, industrial plants, filtration systems, grinding tools, sewing machines, textile machinery, cookware, beverages machinery, printing equipment, air compressor parts, and various instruments for surgical and control. Besides that, the industry is also responsible to manufacture production machinery for agriculture, mining, construction, and technology industries. Most of these are designed according to the industry’s requirements and require regular maintenance, which makes sure to do it over time. The production done in the machine industry is done in three parts:
The need for a machine industry occurred during the Industrial Revolution when small-scale production companies ran out of repair shops, forges, equipment, and iron foundries. In ancient times, many machinery manufacturers and companies had their machine factories, which were produced on a very small scale. With the dawn of the industrial revolution, complex construction equipment was required that included steam engines, car, and ship engines, and steam generators to power up the developing industries and local transport. This is the reason why machine industries were set up to manufacture production machines for textile, compression, and agriculture under one platform.
Later towards the end of the 19th century, with progress on railway systems and mining across the UK and Europe, the production machines and tools went in high demand. In addition, various tools were needed for metal works, steam production, and other necessities. As time went on, the market became wider and more industries were set up, which required specialized tools and products in both local and international industries. This promoted growth for a separate machinery industry where all kinds of machinery and equipment could be made and experimented with.
50 years from the industrial revolution, the machinery industry has significantly expanded all over the world with new designs, simulation, automation, and improved performances. The previously owned markets in Germany, the USA, and Japan now have stiff competition with manufacturers in South Korea, the Philippines, and India. With the rise in demand for e-vehicles other hi-tech goods, the machinery industry yet has a bright future.
