[Ranking] TOP 25 Industrial Machinery / Manufacturing Companies Q3/2023
Intro
The industrial machinery sub-industry plays a vital role in the global economy, serving as the backbone of the manufacturing sector. It encompasses a wide range of companies involved in the design, production, and distribution of machinery used in various industries.
As a key enabler, the industrial machinery industry has a profound influence on diverse sectors such as automotive, aerospace, construction, energy, and more. Its innovations and advancements have a ripple effect, driving progress and efficiency in these industries.
With a market size in the billions of dollars, the industrial machinery industry is experiencing significant growth and shows no signs of slowing down. The demand for advanced machinery, automation, and robotics continues to rise, driven by the need for increased productivity and cost reduction.
Recent trends in the industry include the integration of IoT (Internet of Things) technologies, which enable machines to communicate and optimize performance. Additionally, the emphasis on sustainability and energy efficiency has led to the development of eco-friendly machinery.
The industrial machinery industry is characterized by its ever-changing landscape, driven by advancements in technology and evolving customer demands. To stay competitive, companies must continually adapt and innovate, resulting in a dynamic and exciting industry.
Ranking
#25 Badger Meter, Inc.
Employees: 1.2K
Revenue: 200M$
Website: https://www.badgermeter.com
Description: Badger Meter, Inc. is a leading player in the Industrial Machinery industry. Headquartered in Milwaukee, United States, the company was founded in 1905. With approximately 1.2 thousand employees, Badger Meter specializes in manufacturing flow measurement and control products for various industrial applications. Their wide range of products includes meters and valves for water utilities, industrial flow meters, and heat meters. Badger Meter's innovative solutions and advanced technologies ensure accurate measurement and efficient control of fluids, contributing to improved operational performance for their customers. The company generates an estimated revenue of 200 million dollars, establishing its position as a key player in the industrial machinery sector.
#24 RBC Bearings Incorporated
Employees: 2.5K
Revenue: 500M$
Website: https://rbcbearings.com
Description: RBC Bearings Incorporated, headquartered in Oxford, United States, is a leading player in the Industrial Machinery industry. With a history dating back to 1919, the company has established itself as a reliable manufacturer of precision bearings and components. RBC Bearings serves a diverse range of sectors within the industrial machinery market, including aerospace, defense, medical equipment, and automotive. The company's products are known for their high quality and performance, meeting the stringent requirements of various industries. With a dedicated workforce of approximately 2,500 employees, RBC Bearings continues to innovate and provide cutting-edge solutions to its customers. In 2020, the company generated a revenue of 500 million dollars, solidifying its position as a key player in the manufacturing sector.
#23 Actuant Corporation
Employees: 4.5K
Revenue: 900M$
Website: https://www.actuant.com
Description: Actuant Corporation is a leading player in the Industrial Machinery industry. With its headquarters in Menomonee Falls, United States, Actuant operates primarily in North America. The company was founded in 1910 and has a workforce of approximately 4,500 employees. Actuant specializes in providing a wide range of industrial products and solutions, catering to various sectors such as energy, infrastructure, and agriculture. The company's offerings include hydraulic tools, motion control systems, electrical products, and engineered solutions. Actuant generates revenue of around 900 million US dollars, positioning itself as a significant player in the manufacturing industry.
#22 Tennant Company
Employees: 4.5K
Revenue: 1.1B$
Website: https://www.tennantco.com
Description: Tennant Company, headquartered in Minneapolis, United States, is a leading player in the Industrial Machinery sector. Established in 1870, the company has a workforce of approximately 4.5 thousand employees. With annual revenues of around 1.1 billion dollars, Tennant Company specializes in manufacturing industrial cleaning equipment, including floor scrubbers, sweepers, and other maintenance solutions. Their innovative products and solutions cater to a diverse range of industries, such as manufacturing, healthcare, retail, and hospitality. Tennant Company focuses on providing sustainable and efficient cleaning solutions, utilizing advanced technologies like robotics and IoT integration. With a strong commitment to customer satisfaction and environmental stewardship, Tennant Company continues to be a trusted name in the industrial machinery industry.
#21 Chart Industries, Inc.
Employees: 5.6K
Revenue: 1.2B$
Website: https://www.chartindustries.com
Description: Chart Industries, Inc. is a leading provider of industrial machinery in the Manufacturing industry. With its headquarters located in Ball Ground, United States, the company operates primarily in North America. Founded in 1992, Chart Industries has grown to become a prominent player in the industrial machinery sector. The company employs approximately 5.6 thousand employees, who contribute to its success through their expertise and dedication. Chart Industries generates an annual revenue of 1.2 billion dollars, showcasing its financial strength and market presence. With a focus on innovation and quality, the company offers a wide range of industrial machinery products and solutions, catering to diverse customer needs in various sectors.
#20 The Manitowoc Company, Inc.
Employees: 4.5K
Revenue: 1.6B$
Website: https://www.manitowoc.com
Description: The Manitowoc Company, Inc. is a leading player in the Industrial Machinery industry, specifically in the Manufacturing sector. Headquartered in Manitowoc, United States, the company was founded in 1902. With approximately 4,500 employees, Manitowoc operates with a focus on providing innovative solutions in cranes and lifting equipment. The company's revenue stands at 1.6 billion US dollars, reflecting its strong position in the market. Manitowoc is committed to delivering high-quality products and services to its customers, contributing to the growth and efficiency of various industries that rely on industrial machinery. With a long-standing history and expertise in the field, Manitowoc continues to be a trusted name in the industrial machinery sector.
#19 Altra Industrial Motion Corp.
Employees: 9.6K
Revenue: 1.8B$
Website: https://www.altramotion.com
Description: Altra Industrial Motion Corp. is a leading company in the Industrial Machinery industry. With its headquarters in Braintree, United States, the company operates primarily in North America. Founded in 2004, Altra Industrial Motion Corp. has grown to become a major player in the manufacturing sector. The company employs approximately 9.6 thousand people and generates an impressive revenue of 1.8 billion dollars. Altra Industrial Motion Corp. specializes in the design, production, and distribution of a wide range of industrial machinery products. Their offerings include power transmission components, motion control systems, and automation solutions. With a strong focus on innovation and customer satisfaction, Altra Industrial Motion Corp. continues to drive advancements in the industrial machinery industry.
#18 Welbilt, Inc.
Employees: 5.3K
Revenue: 1.8B$
Website: https://www.welbilt.com
Description: Welbilt, Inc. is an industrial machinery company based in New Port Richey, United States. Founded in 1875, the company operates in the Manufacturing industry, specifically in the Industrial Machinery sector. With a workforce of approximately 5.3 thousand employees, Welbilt focuses on designing, manufacturing, and servicing commercial foodservice equipment. The company offers a wide range of innovative products including ovens, fryers, grills, refrigerators, and beverage dispensers, catering to the needs of the foodservice industry. Welbilt generates an annual revenue of around 1.8 billion dollars, contributing to its strong presence in the market.
#17 Rexnord Corporation
Employees: 8.5K
Revenue: 1.9B$
Website: https://www.rexnord.com
Description: Rexnord Corporation, headquartered in Milwaukee, United States, is a prominent player in the Industrial Machinery industry. With a history dating back to 1891, Rexnord has established itself as a leading manufacturer of power transmission and water management products. The company operates in various sectors within the industrial machinery industry, including aerospace, food and beverage, mining, and renewable energy. With a workforce of approximately 8,500 employees, Rexnord generates an annual revenue of around 1.9 billion dollars. Known for its innovative solutions and high-quality products, Rexnord continues to contribute to the growth and development of the manufacturing sector.
#16 Nordson Corporation
Employees: 7K
Revenue: 2.1B$
Website: https://www.nordson.com
Description: Nordson Corporation, based in Westlake, United States, is a leading player in the Industrial Machinery industry. With a history dating back to 1954, Nordson specializes in precision dispensing, fluid management, and related technologies. The company operates in various sectors within the manufacturing industry, providing innovative solutions for adhesive dispensing, coatings, sealants, and other applications. Nordson's products and systems serve a wide range of end markets, including automotive, electronics, packaging, medical, and construction. With a strong global presence and a workforce of approximately 7,000 employees, Nordson is committed to delivering exceptional customer value through its advanced technologies and superior customer support.
#15 Kennametal Inc.
Employees: 10K
Revenue: 2.5B$
Website: https://www.kennametal.com/
Description: Kennametal Inc., headquartered in Pittsburgh, United States, is a leading company in the Industrial Machinery industry. Since its founding in 1938, Kennametal has been providing innovative solutions and products for the manufacturing sector. With approximately 10,000 employees, the company operates globally, serving a wide range of customers in industries such as aerospace, automotive, energy, and more. Kennametal specializes in the development and production of cutting tools, tooling systems, and wear-resistant solutions that help improve productivity and efficiency for its customers. Through its advanced technologies and expertise, Kennametal continues to drive progress and innovation in the manufacturing industry, contributing to the growth and success of its customers worldwide.
#14 Joy Global Inc.
Employees: 10K
Revenue: 2.5B$
Website: https://www.joyglobal.com
Description: Joy Global Inc., headquartered in Milwaukee, United States, is a leading company in the Industrial Machinery industry. Founded in 1884, the company has a rich history of over a century. With approximately 10,000 employees, Joy Global specializes in manufacturing and servicing heavy machinery used in mining and related industries. The company provides innovative solutions and cutting-edge equipment for the extraction and processing of minerals, coal, and other materials. Joy Global's industry-leading products include underground and surface mining equipment, shovels, drills, loaders, and conveyors. The company has a strong global presence and is committed to technological advancements, safety, and sustainability in the mining sector. With a revenue of 2.5 billion dollars, Joy Global continues to be a key player in driving efficiency and productivity in the mining industry.
#13 Gardner Denver Holdings, Inc.
Employees: 8K
Revenue: 3B$
Website: https://www.gardnerdenver.com
Description: Gardner Denver Holdings, Inc., headquartered in Milwaukee, United States, is a prominent player in the Industrial Machinery industry. With a rich history dating back to 1859, the company has established itself as a leading provider of mission-critical flow control and compression equipment solutions. Gardner Denver operates in various sectors within the manufacturing industry, offering innovative products and services that cater to diverse customer needs. The company prides itself on delivering exceptional performance, reliability, and efficiency to its clients. With a workforce of approximately 8,000 employees and an annual revenue of around 3 billion dollars, Gardner Denver continues to drive growth and success in the Industrial Machinery sector.
#12 Hyster-Yale Materials Handling, Inc.
Employees: 6.5K
Revenue: 3.2B$
Website: https://www.hyster-yale.com/
Description: Hyster-Yale Materials Handling, Inc. is a leading company in the Industrial Machinery industry. Headquartered in Cleveland, Ohio, United States, the company was founded in 2012. With a workforce of approximately 6.5 thousand employees, Hyster-Yale operates in the Manufacturing sector, specifically in the production of materials handling equipment. The company generates an estimated revenue of 3.2 billion dollars. Hyster-Yale is known for its innovative solutions in the Industrial Machinery industry, providing a wide range of products including forklift trucks, warehouse equipment, and related parts and accessories. With its strong presence in North America, Hyster-Yale continues to expand its operations globally, serving customers in various sectors such as manufacturing, logistics, and distribution.
#11 WABCO Holdings Inc.
Employees: 16K
Revenue: 3.4B$
Website: https://www.wabco-auto.com/
Description: WABCO Holdings Inc. is a leading company in the Industrial Machinery industry, specifically in the manufacturing sector. Headquartered in Rochester Hills, United States, WABCO has been in operation since 1869. With a workforce of approximately 16,000 employees, the company specializes in providing innovative solutions for commercial vehicles. WABCO's revenue stands at 3.4 billion dollars, making it a significant player in the industry. The company's expertise lies in developing advanced technologies and systems that enhance the safety, efficiency, and connectivity of commercial vehicles. Through its extensive range of products and services, WABCO continues to contribute to the growth and progress of the Industrial Machinery industry.
#10 Terex Corporation
Employees: 18K
Revenue: 3.6B$
Website: https://www.terex.com
Description: Terex Corporation, headquartered in Westport, United States, is a global player in the Industrial Machinery industry. Founded in 1933, Terex operates in various sectors of manufacturing, including construction, aerial work platforms, cranes, material handling, and more. With approximately 18,000 employees, the company specializes in the design, production, and distribution of heavy equipment and machinery used in construction, infrastructure development, and mining activities. Terex is known for its innovative solutions and high-quality products that cater to the needs of customers worldwide. The company has achieved significant success and has generated a revenue of 3.6 billion dollars, establishing itself as a leading player in the industrial machinery sector.
#9 Linamar Corporation
Employees: 26K
Revenue: 7.9B$
Website: https://www.linamar.com
Description: Linamar Corporation, headquartered in Guelph, Canada, is a leading company in the Industrial Machinery industry. Founded in 1966, Linamar operates globally, providing innovative manufacturing solutions to various sectors. With a workforce of approximately 26,000 employees, Linamar is committed to delivering high-quality products and services. The company's annual revenue stands at an impressive 7.9 billion US dollars. Linamar specializes in precision machining, casting, forgings, and assembly for powertrain systems, driveline systems, and industrial solutions. Through its advanced manufacturing capabilities and cutting-edge technologies, Linamar continues to excel in the industrial machinery sector, contributing to the growth and development of the manufacturing industry.
#8 AGCO Corporation
Employees: 20K
Revenue: 9B$
Website: https://www.agcocorp.com/
Description: AGCO Corporation, headquartered in Duluth, United States, is a leading company in the Industrial Machinery industry. Founded in 1990, the company operates in the manufacturing sector, specializing in agricultural equipment and related solutions. With a workforce of approximately 20,000 employees, AGCO Corporation is committed to delivering innovative and sustainable machinery to farmers worldwide. The company's revenue stands at a substantial 9 billion US dollars, showcasing its market prominence. AGCO Corporation's portfolio includes a wide range of products such as tractors, combines, hay tools, sprayers, and grain storage solutions. Through its extensive dealer network and advanced technologies, AGCO Corporation strives to enhance agricultural productivity and meet the evolving needs of farmers globally.
#7 Kubota Corporation
Employees: 41K
Revenue: 19.6B$
Website: https://www.kubota-global.net/
Description: Kubota Corporation, headquartered in Osaka, Japan, is a leading player in the Industrial Machinery industry. Founded in 1890, Kubota has established itself as a trusted manufacturer and supplier of a wide range of industrial machinery, including agricultural equipment, construction machinery, engines, and utilities. With a workforce of approximately 41,000 employees, Kubota operates globally, serving customers in various sectors such as agriculture, construction, and infrastructure. The company's commitment to innovation and quality has earned it a strong reputation in the industry, and its robust portfolio of products caters to the diverse needs of its customers. Kubota's revenue, which amounted to 19.6 billion dollars, reflects its prominent position as a key player in the manufacturing sector.
#6 Komatsu Ltd.
Employees: 60K
Revenue: 20B$
Website: https://www.komatsu.com/
Description: Komatsu Ltd. is a Japanese company headquartered in Tokyo, Japan. It operates in the Industrial Machinery industry within the Manufacturing sector. Founded in 1921, Komatsu has grown to become a global leader in the production and distribution of construction and mining equipment. With a workforce of approximately 60,000 employees, the company is dedicated to providing innovative solutions and technologies to meet the evolving needs of its customers. Komatsu's revenue stands at around 20 billion US dollars, reflecting its strong market presence and successful business operations.
#5 Cummins Inc.
Employees: 58K
Revenue: 23.6B$
Website: https://www.cummins.com
Description: Cummins Inc. is a leading manufacturer of industrial machinery, specializing in the design, production, and distribution of engines, power systems, and related components. Headquartered in Columbus, United States, Cummins has been in operation since 1919. With a workforce of approximately 58,000 employees, the company is a major player in the manufacturing industry. Cummins generates an impressive annual revenue of 23.6 billion dollars. The company's dedication to innovation and sustainability has allowed it to establish a strong presence in the industrial machinery sector, offering reliable and efficient solutions to its global customer base.
#4 CNH Industrial N.V.
Employees: 63K
Revenue: 28B$
Website: https://www.cnhindustrial.com
Description: CNH Industrial N.V. is a leading global provider of industrial machinery, operating in the Manufacturing industry. Headquartered in Amsterdam, Netherlands, the company was founded in 2013. With a workforce of approximately 63,000 employees, CNH Industrial N.V. generates an impressive annual revenue of 28 billion US dollars. The company specializes in the design, production, and sale of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. CNH Industrial N.V. offers a wide range of products and services for various sectors, including agriculture, construction, transportation, and more. Through continuous innovation and a commitment to sustainability, CNH Industrial N.V. remains at the forefront of the industrial machinery industry.
#3 PACCAR Inc.
Employees: 28K
Revenue: 30B$
Website: https://www.paccar.com/
Description: PACCAR Inc. is a leading manufacturer of heavy-duty trucks and related aftermarket parts. Based in Bellevue, United States, PACCAR operates in the Industrial Machinery industry. With a history dating back to 1905, the company has established itself as a global leader in the manufacturing of high-quality trucks, including the Kenworth, Peterbilt, and DAF brands. PACCAR's trucks are known for their durability, reliability, and advanced technology, making them a preferred choice for customers in various sectors, such as transportation, construction, and agriculture. The company's commitment to innovation and sustainability is evident in its development of hybrid and electric trucks, contributing to a greener future for the industry. With a workforce of approximately 28,000 employees and annual revenue of 30 billion dollars, PACCAR continues to drive the evolution of the Industrial Machinery sector.
#2 Deere & Company
Employees: 74K
Revenue: 39B$
Website: https://www.deere.com/
Description: Deere & Company, headquartered in Moline, Illinois, United States, is a prominent player in the Industrial Machinery industry. Founded in 1837, the company has a rich history of providing innovative solutions for the manufacturing sector. With a workforce of around 74,000 employees, Deere & Company operates globally, catering to diverse markets. The company's revenue stands at an impressive 39 billion dollars, reflecting its strong market presence. Deere & Company specializes in the manufacturing of agricultural, construction, forestry, and turf care equipment, offering a wide range of products and services to meet the needs of its customers. With its commitment to quality and technological advancements, Deere & Company continues to be a key player in the Industrial Machinery industry.
#1 Caterpillar Inc.
Employees: 105K
Revenue: 53.8B$
Website: https://www.caterpillar.com
Description: Caterpillar Inc. is a leading industrial machinery company headquartered in Peoria, United States. With a rich history dating back to 1925, Caterpillar has established itself as a global powerhouse in the manufacturing industry. The company employs approximately 105,000 individuals worldwide and generates an impressive annual revenue of 53.8 billion dollars. Caterpillar is renowned for its wide range of industrial machinery, including construction equipment, mining machines, engines, and power systems. Their innovative and reliable products have made Caterpillar a trusted name in the industry, enabling them to serve customers across various sectors such as construction, mining, energy, and transportation. Through their commitment to sustainability and technological advancements, Caterpillar continues to shape the future of the industrial machinery sector.
Summary
The sub-industry of Industrial Machinery within the Manufacturing sector has seen remarkable growth in recent years, with several companies emerging as leaders in the field.
One unexpected finding is the increasing emphasis on automation and digitization in the industrial machinery sector, with companies leveraging advanced technologies to improve efficiency and productivity.
Among the premier companies in this sub-industry is Company A, which has consistently ranked among the top performers. Company B and Company C have also emerged as strong contenders, with significant accomplishments in terms of revenue growth and market share.
These leading companies share a common approach of investing heavily in research and development to drive innovation in their products. They have also formed strategic partnerships with suppliers and customers to create a robust ecosystem.
What sets these eminent companies apart from their rivals is their focus on sustainability and environmental responsibility. They have implemented eco-friendly manufacturing processes and are committed to reducing their carbon footprint.