Global Equipment Manufacturing Industry Develops Six Characteristics

In recent years, the global equipment manufacturing industry has entered an unprecedented period of high-speed development and has exhibited six major development characteristics.

First, the status of basic. Even in developed countries, the equipment manufacturing industry still occupies the forefront of its industry share, employment, and contribution, and provides an important material basis for the development and production of new technologies and new products. The second is the scale of the economy. Global-scale production has become the mainstream of the development of major multinational corporations. While continuously reorganizing and expanding their competitiveness, major corporations have also stepped up investment and R&D of their main businesses, continuously improving their system integration capabilities and their individualization and diversity. The market adaptability; Third, the regional development is extremely uneven. North America, Asia, and Europe occupy the absolute dominant position in the current development of the world's equipment manufacturing industry. Developed countries have intensified their industrial transfer efforts. Mechanical products with low added value have been transferred to developing countries that have potential market demand. Major manufacturers have adopted "single-type, high-volume" specialized production, while production has increased. The transformation of consumer-oriented customized production methods, the individualization of services has become an important factor in the success of competition, and the fourth is the new changes in the way of equipment manufacturing globalization. The main feature of this change is to make extensive use of the production facilities and technical strengths of other countries, manufacture the final products, and conduct global sales. The deployment of raw materials and global procurement of parts and components, and the assembly and marketing of the company’s own products, have become the development trend of the world’s equipment manufacturing industry. Fifth, cross-border mergers and acquisitions have intensified. Strong and strong alliances have become the main means for enterprises to obtain competitive advantages, and have led to the reconfiguration of the resources of the machinery industry, making the competitive landscape of the world's machinery industry a collaborative situation. Sixth, high-tech products. Information technology equipment, industrial automation technology, numerical control processing technology, robotics technology, advanced power generation and transmission and distribution technology, power electronics technology, new materials technology and new biological, environmental protection equipment technology and other contemporary high-tech achievements, began to be widely used in the machinery industry High-tech product content has become the key to winning market competition.