Establishments primarily engaged in manufacturing machinery, equipment, and components for general industrial use, and for which no special classification is provided. Machine shops primarily engaged in producing machine and equipment parts, usually on a job or order basis, are classified in Industry 3599.
The General Industrial Machinery and Equipment industry, classified under NAICS 3569, is witnessing several notable qualitative trends. The most significant trend is the increased adoption of automation and robotics across manufacturing processes. Companies in this sector are increasingly investing in AI-driven machinery to enhance productivity, precision, and efficiency.
Another trend is the shift towards sustainable practices. There is a growing demand for machinery that is energy-efficient and environmentally friendly. Companies are focusing on developing equipment that reduces carbon footprints and complies with stringent environmental regulations.
Additionally, the industry is seeing a surge in the adoption of Industrial Internet of Things (IIoT) technologies. This trend involves the integration of sensors and smart devices into industrial machinery, enabling real-time monitoring, predictive maintenance, and improved operational efficiencies.
Looking forward, forecasts suggest that these trends will continue to shape the industry. Investment in automation and IIoT is expected to grow, driven by the need for increased productivity and cost savings. Moreover, sustainable and green technologies will likely become more prominent as regulatory pressures and consumer demands for eco-friendly practices intensify.
In conclusion, the General Industrial Machinery and Equipment industry is poised for significant evolution, with automation, sustainability, and IIoT being the key drivers of change. Companies that can effectively leverage these trends will likely experience enhanced competitive advantage in the near future.
Altitude testing chambers
Baling machines for scrap metal, paper, and similar materials
Blast cleaning equipment, dustless: except metalworking
Brake burnishing and washing machines
Bridge and gate machinery, hydraulic
Burnishing and washing machines, brake
Centrifuges, industrial
Cremating ovens
Driers and reel, firehose
Filter elements, fluid: hydraulic line
Filters, fluid, general line industrial: except internal combustion
Filters, pipeline
Firefighting apparatus, except automotive and chemical
Firehose, except rubber
Gas producers (machinery)
Gas separators (machinery)
Generators, gas
Generators: steam, liquid oxygen, and nitrogen
Heaters, swimming pool: electric
Hose, fire: except rubber
Ice crushers, except household
Jacks, hydraulic: for general industrial use
Lubricating systems, centralized
Lubrication equipment, industrial
Lubrication machinery, automatic
Ordnance testing chambers
Ovens, surveillance: for aging and testing powder
Powder testing chambers
Presses, metal baling
Purifiers, centrifugal
Reels and racks, firehose
Robots for general industrial use
Screening and sifting machines for general industrial use
Screws, jack
Separators for steam, gas, vapor, and air (machinery)
Sifting and screening machines for general industrial use
Sprinkler systems, fire: automatic
Steam separators (machinery)
Strainers, pipeline
Temperature testing chambers
Testing chambers for altitude, temperature, ordnance, and power
Vapor separators (machinery)
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.