Heavy industry refers to segments of applications such as construction and demolition, as well as products used in the manufacture of engineering equipment. Heavy industry also includes ancillary industries related to these application segments. AxelReports’ reports on Heavy Industries provide actionable information that can be useful to construction, manufacturing and government institutions stakeholders. Our reporting portfolio includes construction, testing and measurement, equipment and machinery, tools and components, unit operations. The market dynamics and the competitive analysis of these segments are also studied.
Machinery manufacturing made a huge contribution to the industrial revolution and continues to drive the advancements in economic and technological development. The machines and parts manufactured by the industry are used in other sectors, for example, industrial turbines and mining equipment. The industry also produces parts for consumer products, such as lawnmowers and refrigerators. The industrial equipment manufacturing industry conducts business in many other industries, providing companies with highly specialized products and services, such as maintenance and repair. Investments in equipment for agriculture, medicine, IT, software and transport equipment have shown positive growth in recent years. The industrial equipment sector has experienced several important trends over the years. Equipment replacement needs due to aging have been a key factor in the acquisition of equipment. Organizations seek to increase operational efficiency and reduce costs while developing innovative technologies. These factors collectively make this industry highly competitive as manufacturers seek to anticipate product demand in order to reduce production lead times and offer increased services. Challenges for the sector include rising raw material costs and environmental regulations, such as emissions control.
Key market players are finding new ways to maintain and gain competitive advantage. Collaborating with other equipment manufacturing companies is the only way to sustain in this industry. The main solutions to maintain in this sector are cost-effective and state-of-the-art solutions. Therefore, businesses are working closely with customers as strategic partners. They provide highly specialized services and products to different commercial markets. The growth of emerging countries in the industrial equipment sector has created new challenges and opportunities. Our expertise in the field of industrial equipment includes the assessment of new market opportunities and their sizing, the identification of the major growth factors and restrictions, the opportunities to seize and win business strategies. We also have experience in sustainability analysis, price trends, and forecasts. All our reports cover important geographic areas such as North America, Europe, Asia-Pacific (including Japan) and emerging economies in Asia and Latin America. Our research team produces detailed reports on its own and in collaboration with experts in the field. These markets are becoming the main focus for industrial equipment. The development scenario in emerging countries such as the BRIC countries is attracting a lot of attention from key industry players.
The engineering sector is the largest segment of the global industrial sector. The main groups of the heavy engineering industry include machinery and tools, primary and semi-finished iron and steel, steel bars and rods, non-ferrous metals, electronics and project exports. The sector can be classified in the heavy engineering and light engineering segments. The heavy engineering sector makes up the bulk of the engineering industry in the world. The industry has been successful in the development of advanced production technologies over the years. Among the developing countries, the general industry and heavy machinery are looking for enormous growth potential. Most of the capital assets needed for electricity, fertilizers, cement, steel and petrochemical plants, as well as construction equipment, mining equipment, irrigation project equipment, diesel engines, tractors, transport vehicles, textiles, and sugar mill machinery, are manufactured in developing countries to meet global demand.
Industries using engineering products and services include power utilities, large-scale industries (refining, automotive and textile), government (public investments) and retail consumers (pumps and motors). As a result, the performance of the engineering sector is linked to the industry, which itself depends on the economy in general. Capacity building in sectors such as infrastructure, energy, mining, oil and gas, refineries, iron and steel, automotive and consumer durables drives the general and heavy engineering industries. This vertical provides companies with a broad set of market data that act as blueprints ranging from market size to revenue forecasts, value chain, market and product trends, prices trends and regulations, competitive landscape, protagonists, their key developments, strategy, and profile. AxelReports.com offers in-depth 360-degree analysis of the industry, enabling companies to access detailed information on strategy, planning, and execution.