CAPITAL GOODS GOS-104
A GLOBAL OUTLOOK, SEPTEMBER 2008
CONTENTS
1. Overview 1
Market Scenario 1
Capital Goods Play a Key Role in Technical Changes 1
Capital Goods Industry Follows Cyclic Path 1
2. Leading Sectors – An Analysis 2
I. Construction and Mining Machinery 2
Overview 2
Review of the Mining Equipment Market 2
Table 1: World Market for Construction and Mining Equipment
by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
the World Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2003 through 2008 2
Trends and Issues 3
Infrastructure Development, Maintenance and Mining Activity
Impact Demand 3
Construction Equipment - Capital Intensive and Cyclical 3
Demand and Supply of Construction Equipment 3
Shift in Construction Equipment Manufacturing Bases 3
Technological Innovations and Security Issues – Prime Concern 4
Leasing and Equipment Rental - An Alternative to Buying 4
Market Growing for Earthmoving and Mining Equipment 4
Manufacturers Switch to Aluminum Bronze and Other Alloys for
Developing Kingpin Bushings for Dump Trucks 4
Controlled Demolition Gaining Grounds 5
Competitive Scenario 5
Table 2: Leading Players in Global Market for Construction
Equipment (2005 & 2006) - Percentage Breakdown of Value Sales
by Company for Caterpillar Inc., Komatsu Ltd., TEREX Corp.,
Hitachi Construction Machinery, VOLVE CE, Deere& Co.,
Liebherr Group, CNH Global, Ingersoll-Rand Co., Sandvik
Mining & Construction, and Others 5
II. Agricultural Implements and Machinery 6
Market Structure and Overview 6
Development and Progress 6
Economics of Agricultural Machinery 6
Table 3: World Market for Agricultural Implements and
Machinery by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan) Middle East/Africa and Latin
America Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2003 through 2008 7
Competitive Scenario 7
Table 4: Leading Players in the World Market for Agricultural
Equipment (2005): Percentage Breakdown of Value Sales by
Company for Deere & Co, CNH Global, AGCO, and Others 7
III. Plastic Processing Machinery 8
Industry Overview 8
Table 5: World Market for Plastics Processing Machinery by
Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Machines Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2003 through 2008 8
Competitive Scenario 8
Leading Players in the Worldwide Plastic Processing Machinery
Market by Segment 8
Leading Injection Molding Machinery Makers 9
Leading Blow Molding Machinery Makers 9
Table 6: Leading Players in Global Stretch Blow Molding
Machinery Market (2005): Percentage Breakdown of Value Sales
for Sidel, Nissei, SIG Kautex, SIPA, and Others 9
Leading Extrusion Molding Machinery Makers 9
Leading Thermoforming Machinery Makers 9
IV. Food Processing Machinery and Equipment 10
A Highly Fragmented Industry 10
Demand Drivers 10
Table 7: World Market for Food Processing Machinery and
Equipment by Product Groups –Meat/Poultry, Fish/Seafood, Dry
Foods, Beverage, Pre-Prepared Foods, Dairy Products, Fruit/
Vegetable, Grain Mill, Fats & Oil and Multi-Products/General
Purpose Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2003 through 2008 10
Primary Markets Worldwide: A Regional Perspective 11
V. Packaging Machinery 11
Market Overview 11
Factors Influencing the Market 11
Table 8: World Market for Packaging Machinery by Geographic
Region – US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East and Latin American Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2003 through 2008 12
Competitive Scenario 12
Technological Sophistication Transforming the Fragmented
Market to a Mature Oligopoly 12
Table 9: Leading Players in the World Market for Aseptic
Filling Machinery (2005): Percentage Value Breakdown by
Company for Procomac, Remy (Sidel), Tetrapak, Ampack Ammann,
Krones, Simonazzi (SIG), KHS, SIG Hamba, Serac, and Others 13
Market Trends 13
Economic Growth Fuels Demand for Packaging Machinery 13
Bottling Machinery Shows Stable Growth Patterns 13
Pharmaceuticals Drive Blister Packaging Growth 13
Longer Shelf-Life Packages: Fueling Demand for Vacuum
Packaging Machinery 14
Packaging Machinery Gets Global: The Automation Panacea 14
Towards Shorter Innovation Cycles 14
VI. Printing Machinery 14
Overview 14
Table 10: World Market for Printing Machinery & Supplies by
Product Group/Segment – Pre-Press Systems, Printing Presses
[Offset Printing Presses (Sheetfed Presses and Webfed
Presses), Flexoprinting Presses, and Other Presses],
Post-Press Machinery & Equipment, and Other Printing Related
Equipment Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2003 through 2008 15
Developing Nations to Provide Greener Pastures for Printing
Machinery 15
VII. Welding Machinery 15
Introduction & Overview 15
Table 11: World Market for Welding Machinery by Product
Segment - Arc Welding Machinery, Gas Welding & Cutting
Machinery, Resistance Welding Machinery, Laser Welding
Machinery, Ultrasonic Welding Machinery, Other Welding
Machinery, and Electrodes, Components, Apparatus &
Accessories Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2003 through 2008 16
Market Trends 16
Catching up with Times 16
Plastic Welding Sidelines Metal Welding 16
Boom in Demand for Ultrasonic Welding 16
Fragmentation Marking the Industry 17
Technological Trends 17
User Friendly Equipment: Order of the Day 17
Laser Welding Growing Above Other Techniques 17
Innovations Lead the Industry 17
3. Mergers and Acquisitions 18
4. Strategic Corporate Developments 36
A REGIONAL PERSPECTIVE
1. United States 38
Plastic Processing Machinery Market 38
Overview & Analysis 38
Table 12: US Market for Plastics Processing Machinery by
Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Plastics Processing Machines Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2005
through 2008 38
End-Use Perspective 39
Table 13: Injection Molding Machinery Market in the United
States (2006) – Percentage Breakdown of Value Sales by
End-Use Sector 39
Table 14: Injection Molding Machinery Market in the US
(2005): Percentage Breakdown of Installed Capacity by
Weight 39
Competitive Scenario 39
Table 15: Leading Players in the US Injection Molding
Machinery Market (2006): Percentage Share Breakdown by
Dollar Sales for Milacron, Husky, Nissei, Engel, DeMag
Plastics, Toshiba, and Others 39
Table 16: Leading Players in the US Blow Molding Machinery
Market (2006): Percentage Share Breakdown by Dollar Sales
for Milacron, Graham Machinery, SIG Kautex, Bekum, and
Others 40
Table 17: Leading Players in the US Extrusion Machinery
Market (2006): Percentage Share Breakdown by Dollar Sales
for Davis Standard, Milacron, Goucester Battenfeld,
Krauss-Maffei, Welex, and Others 40
Agricultural Implements and Machinery 40
Overview 40
Table 18: US Market for Agricultural Implements and
Machinery by Product Segment – Farm Tractors, Harvesting
Machinery, Planting & Fertilizing Machinery, Plowing &
Cultivating Machinery, Haying Machinery and Auxiliary
Equipment & Other Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2005 through 2008 41
Competitive Scenario 41
Table 19: Leading Players in the North American Market for
Agricultural Equipment (2005): Percentage Breakdown of Value
Sales by Company for Deere & Co, CNH Global, AGCO, and
Others 41
Construction and Mining Machinery/ Equipment 42
Snapshots 42
Competitive Landscape and Market Share Analysis 42
Table 20: Leading Players in the US Market for Construction
and Mining Equipment (2005) - Percentage Share Breakdown of
Volume Sales by Company for Caterpillar, Deere, Komatsu, CNH
Global, and Others 42
Table 21: Leading Players in the US Market for Crawler
Loaders (2005) - Percentage Share Breakdown of Volume Sales
by Company for Caterpillar, Deere, and Others 42
Table 22: Leading Players in the US Market for Crawler
Tractors (2005) - Percentage Share Breakdown of Volume
Sales by Company 43
Table 23: Leading Players in the US Market for Hydraulic
Excavators (2005) - Percentage Share Breakdown of Volume
Sales by Company for Caterpillar, Deere, Komatsu, Kobelco,
Hitachi, and Others 43
Table 24: Leading Players in the US Market for Compactors
(2005) - Percentage Share Breakdown of Volume Sales by
Company for Ingersoll-Rand, Caterpillar, Bomag/Hyster, and
Others 43
Food Processing Machinery & Equipment 43
An Introduction 43
Competitive Scenario 44
Table 25: Leading Players in the US Market for Food
Processing Equipment (2005): Percentage Breakdown by Sales
for FMC FoodTech, Invensys APV, Alfa Laval, Inc, Stork Food
& Dairy Systems, Inc, Tetra Pak Processing Systems Americas
Inc, & Others 44
Table 26: Leading Players in the US Market for Meat/Poultry
Processing Equipment (2005): Percentage Breakdown by Sales
for FMC FoodTech, Stork Gamco Inc, Baader-Johnson, Sandvik
Process Systems, Invensys APV, Myne America LLC, and Others 44
Table 27: Leading Players in the US Market for Fish/Seafood
Processing Equipment (2005): Percentage Breakdown by Sales
for BAADER North America Corporation, FMC FoodTech, Pisces
VMK, Inc, AEW Delford Systems, Cretel NV, and Others 44
Table 28: Leading Players in the US Market for Confectionery
(Non-Chocolate) Processing Equipment (2005): Percentage
Breakdown by Sales for Klockner Hansel Processing, Bosch
Packaging Technology, CHOCOTECH Wernigerode, Hosokawa
Confectionery and Bakery Technology and Systems, & Others 45
Table 29: Leading Players in the US Market for Beverage
Processing Equipment (2005): Percentage Breakdown by Sales
for FMC FoodTech, Alfa Laval, Inc, Invensys APV, Tetra Pak
Processing Systems Americas Inc, and Others 45
Welding Machinery 45
Table 30: US Market for Welding Machinery by Product Segment -
Arc Welding Machinery, Gas Welding & Cutting Machinery,
Resistance Welding Machinery, Laser Welding Machinery,
Ultrasonic Welding Machinery, Other Welding Machinery, and
Electrodes, Components, Apparatus & Accessories Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2005 through 2008 46
2. Europe 46
Characteristics of Capital Goods Industry in EU 46
Consequences on the Product Life Cycle 46
Capital Goods Industry, a Cyclical Industry 47
Agricultural Equipment Sector – An Overview 47
Table 31: European Market for Agricultural Implements &
Machinery by Product Segment – Farm Tractors, Harvesting
Machinery, Planting & Fertilizing Machinery, Plowing &
Cultivating Machinery, Haying Machinery and Auxiliary
Equipment & Other Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2005 through 2008 47
Competitive Scenario 47
Table 32: Leading Players in the European Market for
Agricultural Equipment (2005): Percentage Breakdown of
Volume Sales by Company for CNH Global, Deere & Co., AGCO,
and Others 48
Table 33: Leading Players in the European Market for
Agricultural Equipment (2005): Percentage Breakdown of Value
Sales by Company for CNH Global, Deere, AGCO, and Others 48
Construction and Mining Equipment 48
Table 34: Leading Players in the European Market for Heavy
Construction Equipment (2005) - Percentage Share Breakdown
of Volume Sales by Company for Caterpillar, Komatsu, CNH
Global, Deere, Volvo, and Others 48
Food Processing Machinery and Equipment 48
Table 35: European Market for Food Processing Machinery and
Equipment by Product Groups –Meat/Poultry, Fish/Seafood,
Dry Foods, Beverage, Pre-Prepared Foods, Dairy Products,
Fruit/ Vegetable, Grain Mill, Fats & Oil and
Multi-Products/General Purpose Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2005 through 2008 49
2a. France 49
Plastic Processing Machinery Sector 49
Table 36: French Market for Plastics Processing Machinery by
Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Machines Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2005 through 2008 50
Agricultural Implements and Machinery 50
Competitive Scenario 50
Table 37: Leading Players in the French Market for Tractors
(2005) - Percentage Breakdown of Volume Sales by Company
for CNH, AGCO, Deere, Renault, and Others 50
2b. Germany 51
Agricultural Implements and Machinery Sector 51
Table 38: German Market for Agricultural Implements and
Machinery by Product Segment – Farm Tractors, Harvesting
Machinery, Planting & Fertilizing Machinery, Plowing &
Cultivating Machinery, Haying Machinery and Auxiliary
Equipment & Other Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2003 through 2008 51
Leading Players 51
Table 39: Leading Players in the German Market for Tractors
(2005): Percentage Breakdown of Volume Sales by Company for
AGCO, CNH, Deere, and Others 51
Plastic Processing Machinery 52
Table 40: German Market for Plastics Processing Machinery by
Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Machines Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2005 through 2008 52
Printing Machinery & Supplies Sector 52
Overview 52
Competitive Scenario 52
Table 41: Leading Players in German Sheet- fed Printing
Machinery Market (2005): Percentage Breakdown by Value Sales
for Heidelberger, MAN Roland, Komori, KBA, Mitsubishi,
Ryobi, and Others 53
Table 42: Leading Players in German Pre- Press Machinery
Market (2005): Percentage Breakdown by Value Sales for Creo,
Dia Nippon Screen, Agfa, Heidelberger, and Others 53
Table 43: Leading Players in German Post-Press Machinery
Market (2005): Percentage Breakdown by Value Sales for
Heidelberger, Müller Martini, Bobst, and Others 53
2c. United Kingdom 54
Welding Machinery Sector 54
Table 44: UK Market for Welding Machinery by Product Segment -
Arc Welding Machinery, Gas Welding & Cutting Machinery,
Resistance Welding Machinery, Laser Welding Machinery,
Ultrasonic Welding Machinery, Other Welding Machinery, and
Electrodes, Components, Apparatus & Accessories Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2005 through 2008 54
Food Processing Machinery and Equipment 55
Table 45: UK Market for Food Processing Machinery and
Equipment by Product Groups – Percentage Breakdown of Dollar
Sales for Meat/Poultry, Fish/Seafood, Dry Foods, Beverage,
Pre-Prepared Foods, Dairy Products, Fruit/Vegetable, Grain
Mill, Fats & Oil and Multi-Products/General Purpose Markets
for 2006 & 2008 55
Agricultural Machinery and Implements 55
Overview 55
Leading Players 55
Table 46: Leading Players in the UK Market for Tractors
(2005): Percentage Breakdown of Volume Sales by Company for
CNH, Deere, AGCO, and Others 56
Plastic Processing Machinery Sector 56
Introduction 56
Threatened by Low-Cost Imports 56
Market Analysis 56
Table 47: UK Market for Plastics Processing Machinery by
Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Machines Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2005 through 2008 57
2d. Spain 57
Agricultural Machinery and Implements Market 57
Table 48: Spanish Market for Agricultural Implements and
Machinery by Product Segment – Farm Tractors, Harvesting
Machinery, Planting & Fertilizing Machinery, Plowing &
Cultivating Machinery, Haying Machinery and Auxiliary
Equipment & Other Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2005 through 2008 57
Leading Players 58
Table 49: Leading Players in the Spanish Market for Tractors
(2005) –Percentage Breakdown of Volume Sales by Company for
John Deere, New Holland, MF, Landini, Case, Fendt, Renault,
Deutz-Fahr, Valtra, and Others 58
3. Asia-Pacific 58
Plastic Processing Machinery Sector 58
Table 50: Asia-Pacific Market for Plastics Processing
Machinery by Type – Injection Molding Machines, Blow Molding
Machines, Extrusion Machines, Thermoforming Machines, and
Other Machines Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2005 through 2008 58
Potential High-Growth Markets 59
Agricultural Machinery 59
Table 51: Leading Players in Agricultural Equipment Market in
Asia-Pacific (2005): Percentage Breakdown of Volume Sales by
Company for Kubota Corp, CNH Global, Deere & Co, AGCO, and
Others 59
Food Processing Machinery and Equipment 60
Table 52: Asia-Pacific Market for Food Processing Machinery
and Equipment by Product Groups - Meat/Poultry,
Fish/Seafood, Dry Foods, Beverage, Pre-Prepared Foods, Dairy
Products, Fruit/Vegetable, Grain Mill, Fats & Oil and
Multi-Products/General Purpose Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2005 through 2008 60
3a. China 60
Capital Goods Market – An Overview 60
Capital Goods’ Sales in China 61
Plastic Processing Machinery Sector 61
Undergoing Metamorphosis 61
Table 53: Chinese Market for Plastics Processing Machinery
by Type – Injection Molding Machines, Blow Molding Machines,
Extrusion Machines, Thermoforming Machines, and Other
Machines Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2005 through 2008 62
Competition Gears Up among Multinationals 62
Agricultural Machinery and Equipment 63
Market Structure 63
Overview 63
Welding Machinery Sector – An Overview 64
Construction Equipment Market 64
Foreign Players Redesigning the Roadmap 64
Industry Structure 64
Table 54: Leading Players in Chinese Market for Construction
Equipment (2006) – Percentage Share Breakdown of Volume
Sales by Company for Liugong, XEMC, Longgong, Lingong, XCMG
and Others 65
Table 55: Leading Chinese Players in Domestic Market for
Wheeled Loaders (2006) – Percentage Share Breakdown of
Volume Sales by Company for China Infrastructure Machinery
Holdings, Guangxi Liugong Machinery, Xiamen Engineering
Machinery, Linyi Machinery, Xuzhou Machinery, Shanghai
Machinery, Chengdu Machinery, Changlin and Others 65
Table 56: Leading Chinese Players in Domestic Market for
Excavators (2006) - Percentage Share Breakdown of Volume
Sales by Company for Doosan Daewoo, Komatsu China, Hitachi
Hefei, Caterpillar Xuzhou, Hyundai Jingcheng, Hyundai
Jiangsu, Yuchai, Kobelco, Volvo and Others 65
Table 57: Leading Players in the Chinese Market for
Hydraulic Excavators (2005) - Percentage Share Breakdown of
Volume Sales by Company for Hyundai, Doosan Infracore,
Hitachi Construction Machinery, Komatsu, Caterpillar,
Kobelco, and Others 66
Table 58: Leading Players in the Chinese Market for
Forklifts (2005) – Percentage Share Breakdown of Volume Sales
by Company for Doosan Infracore, Clark Korea, Hyundai Heavy
Industries, Dongmyung Heavy Industries, and Others 66
3b. India 66
Overview 66
Indian Capital Goods Sector: Competitive Analysis 66
Raw Materials Not on Par with International Standards 67
Indian Capital Goods Market Lags Behind Technologically
Advanced Nations 67
“Made in India” Brand Image Haunts Capital Goods Manufacturers 67
Clusterization Offers Solace to Certain Capital Goods Segments 68
Capital Goods Segment Analysis 68
4. Other Regional Markets 68
4a. New Zealand 68
4b. South Africa 69
4c. Argentina 69
Agricultural Machinery Market 69
Table 59: Leading Players in the Argentinean Market for
Tractors (2005): Percentage Breakdown of Volume Sales by
Company for AGCO, John Deere, CNH, Pauny Zanello, and
Others 69
Table 60: Leading Players in the Argentinean Market for
Harvesting Machinery (2005): Percentage Breakdown of Volume
Sales by Company for AGCO, John Deere, and Others 69
Mining Industry Overview 70
4d. Brazil 70
Agricultural Machinery and Implements Sector – An Overview 70
Table 61: Brazilian Recent Past, Current & Future Analysis
for Tractors and Combines – Annual Sales Figures in Units for
Years 2005 through 2008 70
Table 62: Leading Players in the Brazilian Market for
Tractors (2005): Percentage Breakdown of Volume Sales by
Company for AGCO, CNH, Deere, and Others 70
Construction Machinery and Equipment Market 71
Production Trends 71
GLOBAL DIRECTORY
