DID YOU KNOW?

The demand for machines in the U.S. by the automotive, construction, and food sectors, for example, ensures revenues within the machinery industry. In 2019, the estimated value of shipments of the industry was US$359.2 billion. 9.1% of the value of shipments was generated by the subindustry "Metalworking machinery manufacturing". Machinery manufacturing is one of the largest and most competitive sectors of the U.S. manufacturing economy. Exports of capital equipment totaled $141 billion in 2018 alone. Leading markets for U.S. Taken as a whole, the European Union was the U.S. machinery manufacturers’ third-largest market in 2018, after Canada and Mexico. […]