The market is dominated by foreign suppliers, as imports account for 55.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 90.5% of total demand in 2023. The US has the largest market size for industrial air-conditioning, packaging and other general purpose machinery across the top 20 developed countries, with demand reaching USD170 billion in 2023. Ingersoll-Rand Plc is the largest company in the US, generating 5.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.2% of total production value in 2023. The total number of companies increases in 2023, to 5,761 units. The costs of the industry increase by 2.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.0% of production value in 2023, the seventh highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 29.0% of total production output. With production value of USD101 billion, the US accounts for 92.9% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Industrial Air-conditioning, Packaging and Other General Purpose Machinery in the US: ISIC 2919. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Air-conditioning, Packaging and Other General Purpose Machinery in the US: ISIC 2919 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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