Download - Machine Industrial
-
8/6/2019 Machine Industrial
1/36
www.datamonitor.comDatamonitor USA
245 Fifth Avenue
4th Floor
New York, NY 10016USA
t: +1 212 686 7400
f: +1 212 686 2626
Datamonitor Europe
119 Farringdon Road
London EC1R 3DA
United Kingdom
t: +44 20 7551 9000
f: +44 20 7675 7500
Datamonitor Middle East
and North Africa
Datamonitor
PO Box 24893Dubai, UAE
t: +49 69 9754 4517
f: +49 69 9754 4900
e: datamonitormena@
datamonitor.com
Datamonitor Asia Pacific
Level 46, 2 Park Street
Sydney, NSW 2000
Australia
t: +61 2 8705 6900
f: +61 2 8705 6901
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 1
INDUSTRY PROFILE
Global Industrial Machinery
Reference Code: 0199-2084
Publication Date: May 2011
-
8/6/2019 Machine Industrial
2/36
EXECUTIVE SUMMARY
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 2
EXECUTIVE SUMMARY
Market value
The global industrial machinery market grew by 3.4% in 2010 to reach a value of $363.1 billion.
Market value forecast
In 2015, the global industrial machinery market is forecast to have a value of $449.4 billion, an increase of
23.8% since 2010.
Market segmentation I
Engine, turbine and related is the largest segment of the global industrial machinery market, accounting
for 36.5% of the market's total value.
Market segmentation II
Americas accounts for 37.2% of the global industrial machinery market value.
Market share
Mitsubishi Heavy Industries, Ltd. is the leading player in the global industrial machinery market,
generating a 7.1% share of the market's value.
Market rivalry
The improving market eases competition slightly which makes rivalry moderate. The market is highly
fragmented with the top four market players holding just under 12% of the total market value.
-
8/6/2019 Machine Industrial
3/36
CONTENTS
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 3
TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
MARKET OVERVIEW 6
Market definition 6
Research highlights 7
Market analysis 8
MARKET VALUE 9
MARKET SEGMENTATION I 10
MARKET SEGMENTATION II 11
MARKET SHARE 12
COMPETITIVE LANDSCAPE 13
LEADING COMPANIES 15
IHI Corporation 15
Kawasaki Heavy Industries, Ltd. 19
MAN SE 24
Mitsubishi Heavy Industries, Ltd. 28
MARKET FORECASTS 32
Market value forecast 32
APPENDIX 33
Methodology 33
Industry associations 34
Related Datamonitor research 34
Disclaimer 35
ABOUT DATAMONITOR 36
Premium Reports 36
Summary Reports 36
Datamonitor consulting 36
-
8/6/2019 Machine Industrial
4/36
CONTENTS
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 4
LIST OF TABLES
Table 1: Global industrial machinery market value: $ billion, 200610 9
Table 2: Global industrial machinery market segmentation I:% share, by value, 2010 10
Table 3: Global industrial machinery market segmentation II: % share, by value, 2010 11
Table 4: Global industrial machinery market share: % share, by value, 2010 12
Table 5: IHI Corporation: key facts 15
Table 6: IHI Corporation: key financials ($) 16
Table 7: IHI Corporation: key financials () 17
Table 8: IHI Corporation: key financial ratios 17
Table 9: Kawasaki Heavy Industries, Ltd.: key facts 19
Table 10:
Kawasaki Heavy Industries, Ltd.: key financials ($) 21
Table 11: Kawasaki Heavy Industries, Ltd.: key financials () 21
Table 12: Kawasaki Heavy Industries, Ltd.: key financial ratios 22
Table 13: MAN SE: key facts 24
Table 14: MAN SE: key financials ($) 25
Table 15: MAN SE: key financials () 26
Table 16: MAN SE: key financial ratios 26
Table 17: Mitsubishi Heavy Industries, Ltd.: key facts 28
Table 18: Mitsubishi Heavy Industries, Ltd.: key financials ($) 29
Table 19: Mitsubishi Heavy Industries, Ltd.: key financials () 30
Table 20: Mitsubishi Heavy Industries, Ltd.: key financial ratios 30
Table 21: Global industrial machinery market value forecast: $ billion, 201015 32
-
8/6/2019 Machine Industrial
5/36
CONTENTS
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 5
LIST OF FIGURES
Figure 1: Global industrial machinery market value: $ billion, 200610 9
Figure 2: Global industrial machinery market segmentation I:% share, by value, 2010 10
Figure 3: Global industrial machinery market segmentation II: % share, by value, 2010 11
Figure 4: Global industrial machinery market share: % share, by value, 2010 12
Figure 5: IHI Corporation: revenues & profitability 18
Figure 6: IHI Corporation: assets & liabilities 18
Figure 7: Kawasaki Heavy Industries, Ltd.: revenues & profitability 22
Figure 8: Kawasaki Heavy Industries, Ltd.: assets & liabilities 23
Figure 9: MAN SE: revenues & profitability 27
Figure 10:
MAN SE: assets & liabilities 27
Figure 11: Mitsubishi Heavy Industries, Ltd.: revenues & profitability 31
Figure 12: Mitsubishi Heavy Industries, Ltd.: assets & liabilities 31
Figure 13: Global industrial machinery market value forecast: $ billion, 201015 32
-
8/6/2019 Machine Industrial
6/36
MARKET OVERVIEW
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 6
MARKET OVERVIEW
Market definition
The value of the global industrial machinery market is calculated from the revenues accrued bymanufacturers of industrial machinery and industrial components. The market includes companies that
manufacture industrial machinery, metalworking machinery, engine, turbine and power transmission
equipment and other general purpose machinery. All currency conversions are carried out at constant
average annual 2010 exchange rates.
For the purposes of this report, the global market consists of North America, South America, Western
Europe, Eastern Europe, MEA, and Asia-Pacific.
North America consists of Canada, Mexico, and the United States.
South America comprises Argentina, Brazil, Chile, Colombia, and Venezuela.
Western Europe comprises Belgium, Denmark, France, Germany, Greece, Italy, the Netherlands,Norway, Spain, Sweden, Switzerland, Turkey, and the United Kingdom.
Eastern Europe comprises the Czech Republic, Hungary, Poland, Romania, Russia, and Ukraine.
Asia-Pacific comprises Australia, China, India, Indonesia, Japan, New Zealand, Singapore, South Korea,
Taiwan, and Thailand.
Middle East-Africa (MEA) comprises Egypt, Israel, Nigeria, Saudi Arabia, South Africa, and United Arab
Emirates.
-
8/6/2019 Machine Industrial
7/36
MARKET OVERVIEW
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 7
Research highlights
The global industrial machinery market is forecast to generate total revenue of $363 billion in 2010,
representing a compound annual rate of change (CARC) of -1.6% for the period spanning 2006-2010.
Engine, turbine and related sales proved the most lucrative for the global industrial machinery market in
2010, with total revenues of $132.3 billion, equivalent to 36.5% of the market's overall value.
The performance of the market is forecast to accelerate, with an anticipated compound annual growth
rate (CAGR) of 4.4% for the five-year period 2010-2015, which is expected to drive the market to a value
of $449.4 billion by the end of 2015.
-
8/6/2019 Machine Industrial
8/36
MARKET OVERVIEW
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 8
Market analysis
The global industrial machinery market has performed well over recent years, with the exception of 2009
when the market fell into double digit decline. The market rebounded in 2010 and a phase of recovery is
anticipated to continue, with moderate growth forecast up to and including 2015.
The global industrial machinery market is forecast to generate total revenue of $363 billion in 2010,
representing a compound annual rate of change (CARC) of -1.6% for the period spanning 2006-2010. In
comparison, the European industry and the Asia-Pacific industry will reach respective values of $99.4
billion and $120.6 billion in 2010.
Engine, turbine and related sales proved the most lucrative for the global industrial machinery market in
2010, with total revenues of $132.3 billion, equivalent to 36.5% of the market's overall value. In
comparison, sales of wood and plastics processing generated revenues of $91.6 billion in 2010, equating
to 25.2% of the market's aggregate revenues.
The performance of the market is forecast to accelerate, with an anticipated compound annual growthrate (CAGR) of 4.4% for the five-year period 2010-2015, which is expected to drive the market to a value
of $449.4 billion by the end of 2015.
-
8/6/2019 Machine Industrial
9/36
MARKET VALUE
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 9
MARKET VALUE
The global industrial machinery market grew by 3.4% in 2010 to reach a value of $363.1 billion.
The compound annual rate of change of the market in the period 200610 was -1.6%.
Table 1: Global industrial machinery market value: $ billion, 200610
Year $ billion billion % Growth
2006 386.8 291.3
2007 387.7 292.0 0.2%
2008 394.5 297.1 1.7%
2009 351.2 264.5 (11.0%)
2010 363.1 273.4 3.4%
CAGR: 200610 (1.6%)
Source: Datamonitor D A T A M O N I T O R
Figure 1: Global industrial machinery market value: $ billion, 200610
Source: Datamonitor D A T A M O N I T O R
-
8/6/2019 Machine Industrial
10/36
MARKET SEGMENTATION I
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 10
MARKET SEGMENTATION I
Engine, turbine and related is the largest segment of the global industrial machinery market, accounting
for 36.5% of the market's total value.
The wood and plastics processing segment accounts for a further 25.2% of the market.
Table 2: Global industrial machinery market segmentation I:% share, by value, 2010
Category % Share
Engine, turbine and related 36.5%
Wood and plastics processing 25.2%
Metalworking 22.6%
Other purpose 15.7%
Total 100%
Source: Datamonitor D A T A M O N I T O R
Figure 2: Global industrial machinery market segmentation I:% share, by value, 2010
Source: Datamonitor D A T A M O N I T O R
-
8/6/2019 Machine Industrial
11/36
MARKET SEGMENTATION II
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 11
MARKET SEGMENTATION II
Americas accounts for 37.2% of the global industrial machinery market value.
Asia-Pacific accounts for a further 33.2% of the global market.
Table 3: Global industrial machinery market segmentation II: % share, by value, 2010
Category % Share
Americas 37.2%
Asia-Pacific 33.2%
Europe 27.4%
Rest of the World 2.2%
Total 100%
Source: Datamonitor D A T A M O N I T O R
Figure 3: Global industrial machinery market segmentation II: % share, by value, 2010
Source: Datamonitor D A T A M O N I T O R
-
8/6/2019 Machine Industrial
12/36
MARKET SHARE
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 12
MARKET SHARE
Mitsubishi Heavy Industries, Ltd. is the leading player in the global industrial machinery market,
generating a 7.1% share of the market's value.
Kawasaki Heavy Industries, Ltd. accounts for a further 1.6% of the market.
Table 4: Global industrial machinery market share: % share, by value, 2010
Company % Share
Mitsubishi Heavy Industries, Ltd. 7.1%
Kawasaki Heavy Industries, Ltd. 1.6%
MAN SE Corporation 1.4%
IHI Corporation 0.6%
Other 89.3%
Total 100%
Source: Datamonitor D A T A M O N I T O R
Figure 4: Global industrial machinery market share: % share, by value, 2010
Source: Datamonitor D A T A M O N I T O R
-
8/6/2019 Machine Industrial
13/36
COMPETITIVE LANDSCAPE
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 13
COMPETITIVE LANDSCAPE
The industrial machinery market will be analyzed taking manufacturers of industrial machinery and
industrial components as players. The key buyers will be taken as commercial users and industrial
companies (including construction, manufacturing, metalworking, agriculture, power producers etc.), and
metal producers along with providers of raw materials and equipment for manufacturers and
manufacturers of parts that not produced in-house as the key suppliers.
The improving market eases competition slightly which makes rivalry moderate. The market is highly
fragmented with the top four market players holding just under 12% of the total market value.
Buyer power is weakened due to the substantial number of buyers in this market. However, this is
ameliorated by low-cost switching. This also serves to attract new entrants. Entry to the market is possible
on a small local scale through specialized manufacturing. New entrants are also dissuaded by high fixed
costs, government regulations and the high level of intellectual property present in this market. High fixed
costs and high exit barriers serve to intensify competition amongst incumbents. The improving marketeases competition slightly which makes rivalry moderate.
There are a substantial number of buyers in the market resulting in market players having a large variety
of potential customers, which reduces buyer power. However, the loss of business from larger buyers
would adversely affect market players' revenues. Branding tends to be of negligible value in this market
with buyers opting for machinery that best suits their needs and so they tend to switch players in order to
find the best deal. This is additionally fuelled by the fact that switching costs are not very high. Moreover
there is very weak chance of players integrating forwards into the buyers area. However, buyer power is
weakened to an extent by the fact that the products being offered by market players are typically essential
to buyers, although there is some degree of product differentiation. Overall, buyer power is assessed as
moderate.
With fairly low differentiation of raw materials there is often little to distinguish between suppliers resulting
in low switching costs for manufacturers and decreasing supplier power. The price of raw materials is
volatile, with substantial variations evident from year to year. For many commodities purchased by market
players (including steel, copper, aluminum products and products derived from crude oil) continuing
global economic growth, sustained high demand from China and other emerging economies, and volatility
in foreign exchange rates have led to significant changes in raw material costs. Market players attempt to
overcome price fluctuations through the adoption of hedging strategies and by entering into long-term
contracts with suppliers where possible. Overall, supplier power is moderate in the market.
Entry to this market may be achieved by establishing a brand new company or by an existing company
diversifying its operations to include industrial machinery manufacture. Success in this market depends
on the engineering expertise of players, efficient production operations and entering into beneficial
relationship with suppliers and buyers. Market entry requires high capital investment and high fixed costs
are unavoidable. Small-scale entry is possible by specializing in the production of a particular type of
machinery. Small companies can compete effectively if they produce machinery with unique
-
8/6/2019 Machine Industrial
14/36
COMPETITIVE LANDSCAPE
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 14
characteristics. Such companies may find it easier to attract buyers away from the incumbents. A number
of market players possess significant intellectual property (IP) in terms of patents, licenses and
trademarks. Manufacturers are subject to a number of laws and regulations governing emissions to air,
discharges to water and the generation, handling, storage, transportation, treatment and disposal of
general, non-hazardous and hazardous waste materials. The market has been showing poor growth in
recent years however an improvement in rates of growth is forecast for the coming years which should
encourage new entrants. Overall the likelihood of new entrants is weak.
Substitutes as such do not exist but used-products sold privately may be considered as an alternative.
This would be cheaper than buying brand new products; however, the machinery is unlikely to be under
any kind of warranty if sold privately which may pose a high risk to buyers as the machines are expected
to work in difficult heavy-duty environments. Overall, the threat of substitutes is moderate.
The market is highly fragmented with the top four market players (Mitsubishi Heavy Industries, MAN,
Kawasaki Heavy Industries and the IHI Corporation) holding less than 12% of the total market value.
Many companies are relatively small and compete with larger players by specializing in producing aparticular type of machinery. Competition between larger players is intense due to a number of factors
such as high fixed costs and low-switching costs for buyers. Demand in this market depends on the
health of certain industries. However, a number of larger players produce industrial machinery for a wide
variety of industries, and some operate in other markets. For example, Mitsubishi Heavy Industries also
operates an aerospace division. Such companies are consequently not highly dependent on the
performance of one market. Setting up a company in this market is capital intensive, which translates into
high exit barriers and thus intensified rivalry. However, the improving market eases competition slightly.
Overall, rivalry in this market is strong.
-
8/6/2019 Machine Industrial
15/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 15
LEADING COMPANIES
IHI Corporation
Table 5: IHI Corporation: key facts
Head office: Toyosu IHI building, 1-1 Toyosu 3-chome, Koto-ku, Tokyo 135 8710,JPN
Telephone: 81 3 6204 7800
Fax: 81 3 6204 8800
Website: www.ihi.co.jp
Financial year-end: March
Ticker: 7013
Stock exchange: Tokyo
Source: company website D A T A M O N I T O R
The IHI Corporation (IHI) is a heavy industrial machinery and equipment manufacturer with operations
primarily in the areas of energy, construction, aerospace, and shipbuilding. The company operates in
Japan, North America, Asia, Europe, and Central and South America.
The energy and plants operations segment manufactures boilers, gas turbines, components for
environmental control systems, storage facilities and others. This segment also supplies equipment for
nuclear power plants, thermal power plants, process plants, water treatment plants, and renewable power
plants. It operates through subsidiaries including the Aomori Plant Company Limited, IHI Chita E & MCompany Limited, IHI Packaged Boiler Company Limited, IHI Inspection & Instrumentation Company
Limited, IHI Kankyo Engineering Company Limited, IHI Plant Construction Company Limited and IHI Plant
Engineering Corporation. IHI collaborates with Toshiba in the building of power plants, especially nuclear
power plants.
The aero-engine and space segment offers jet engines, space-related equipment and defense machinery.
In addition, this segment also focuses on the development of rockets and propulsion systems;
construction of space stations and experimental facilities; and participation in international space station
programs. This segment operates through the subsidiaries IHI Aerospace Company Limited, IHI
Aerospace Engineering Company Limited, IHI Master Metal Company Limited, INC Engineering
Company Limited, IHI Jet Service Company Limited and IHI Castings Company Limited.
The shipbuilding and offshore operations segment provides shipbuilding, ship repairs, offshore structures
and other services. This segment manufactures oil tankers, LNG/LPG carriers, container ships, bulk
carriers, passenger ships and ferries, naval vessels & coast guard ships, work vessels, offshore
-
8/6/2019 Machine Industrial
16/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 16
development equipment, marine engines, deck cranes, deck machinery, and propulsion units. It operates
through the subsidiaries IHI Amtec Company Limited, IHI Engineering Marine Company Limited, IHI
Marine Company Limited, IHI Marine United Inc and Shinkoh SBA Company Limited.
The logistics systems and structures operations segment is engaged in providing material handling
systems, logistics and factory automation systems, parking systems, bridges and construction material
products. This segment operates through subsidiaries including IHI Infrastructure Systems Company
Limited, IHI Logistics Technology Company Limited, Ishikawajima Construction Materials Company
Limited, IHI Transport Machinery Company Limited and the ISMIC Company Limited.
The industrial machinery operations segment offers iron and steel manufacturing equipment, vehicular
turbochargers, mass-produced machinery and others. The company supplies blast furnaces, hot and cold
rolling mills for both ferrous and non-ferrous metals, including aluminum and copper, as well as auxiliary
equipment and systems. IHI provides combined systems for automobile plant press lines, which include
high-speed tandem press lines, press pre-processing and post-processing equipment, metal mold rackingsystems, automatic guided vehicles and others. This segment operates through the subsidiaries
Ishikawajima Machinery Engineering, IHI METALTECH, IHI Compressor and Machinery, IHI Machinery
and Furnace, IHI Turbo, IHI Seiki, JH, Nisshin, and Voith IHI Paper Technology.
Key Metrics
The company recorded revenues of $14,149 million in the fiscal year ending March 2010, a decrease of
10.5% compared to fiscal 2009. Its net income was $198 million in fiscal 2010, compared to a net income
of $287 million in the preceding year.
Table 6: IHI Corporation: key financials ($)
$ million 2006 2007 2008 2009 2010
Revenues 12,832.6 14,059.7 15,377.3 15,803.9 14,149.1
Net income (loss) 60.2 180.2 (84.3) 286.9 197.9
Total assets 16,643.7 17,482.2 17,560.2 16,957.3 16,081.5
Total liabilities 14,713.0 14,824.9 14,891.3 14,612.4 13,496.2
Employees 23,364 23,190 23,722 24,348 24,890
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
17/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 17
Table 7: IHI Corporation: key financials ()
million 2006 2007 2008 2009 2010
Revenues 1,127,075.0 1,234,851.0 1,350,567.0 1,388,042.0 1,242,700.0Net income (loss) 5,283.0 15,825.0 (7,407.0) 25,195.0 17,378.0
Total assets 1,461,796.0 1,535,441.0 1,542,295.0 1,489,342.0 1,412,421.0
Total liabilities 1,292,227.7 1,302,054.0 1,307,889.0 1,283,392.0 1,185,356.0
Source: company filings D A T A M O N I T O R
Table 8: IHI Corporation: key financial ratios
Ratio 2006 2007 2008 2009 2010
Profit margin 0.5% 1.3% (0.5%) 1.8% 1.4%Revenue growth 3.5% 9.6% 9.4% 2.8% (10.5%)
Asset growth 5.3% 5.0% 0.4% (3.4%) (5.2%)
Liabilities growth 4.7% 0.8% 0.4% (1.9%) (7.6%)
Debt/asset ratio 88.4% 84.8% 84.8% 86.2% 83.9%
Return on assets 0.4% 1.1% (0.5%) 1.7% 1.2%
Revenue per employee $549,248 $606,285 $648,228 $649,086 $568,466
Profit per employee $2,575 $7,770 ($3,555) $11,782 $7,949
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
18/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 18
Figure 5: IHI Corporation: revenues & profitability
Source: company filings D A T A M O N I T O R
Figure 6: IHI Corporation: assets & liabilities
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
19/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 19
Kawasaki Heavy Industries, Ltd.
Table 9: Kawasaki Heavy Industries, Ltd.: key facts
Head office: Kobe Crystal Tower, 1-3 Higashikawasaki-cho 1-chome, Chuo ku
Kobe, Hyogo 650 8680, JPN
Telephone: 81 78 371 9530
Fax: 81 78 371 9568
Website: www.khi.co.jp
Financial year-end: March
Ticker: 7012
Stock exchange: Tokyo
Source: company website D A T A M O N I T O R
Kawasaki Heavy Industries (KHI) is a manufacturer of transportation equipment and industrial goods. KHI
manufactures ships, rolling stock, aircraft and jet engines, gas turbine power generators, refuse
incinerators, industrial plants, steel structures, and a wide range of manufacturing equipment and
systems. It also produces consumer products such as motorcycles and personal watercraft. The company
operates globally through a number of subsidiaries and affiliates.
The company operates through a number of business segments including: consumer products and
machinery, aerospace, gas turbines and machinery, rolling stock, shipbuilding, plant and infrastructure
engineering and hydraulic machinery.
The consumer products and machinery segment is mainly engaged in the manufacture and sale of
products for consumers. Its product lineup ranges from leisure vehicles such as motorcycles, all-terrain
vehicles, and Jet Ski watercraft to utility vehicles and general purpose gasoline engines. It also
manufactures robots.
The aerospace segment of the company provides a wide range of products for the aviation industry. This
segment manufactures a variety of helicopters in a range of sizes, including the BK117, jointly developed
and manufactured with Eurocopter Deutschland of Germany. It also produces the CH-47J / JA helicopter.
This segment develops and produces the OH-1 light observation helicopter as the prime contractor for the
Ministry of Defense (MoD). In the civil aircraft business, the company focuses on the joint internationaldevelopment and production of large passenger aircraft. It is involved in the joint development and
production of the Boeing 767 and 777 with the Boeing Company of the US, and the Embraer 170, 175,
190, and 195 jets with the Brazilian manufacturer Empresa Brasileira de Aeronautica.
-
8/6/2019 Machine Industrial
20/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 20
This segment manufactures helicopter engines for the MoD, and participates in the joint international
development and production of turbofan engines for passenger aircraft such as the V2500, the
RB211/Trent, the PW4000 and the CF34, and aircraft auxiliary power units. In addition, the aerospace
segment develops and produces payload fairings, payload attach fittings, and constructs the launch
complex for the 'H-U rocket'. KHI is involved in the development of a stratospheric platform and manned
space technology, including the training of astronauts.
The gas turbines and machinery segment manufactures and sells gas turbines, airplane engines, and
prime movers. In the industrial gas turbine business, the company manufactures a range of equipment,
including gas turbines for power generation and for stand-by power supply, as well as co-generation
systems. Through its machinery business, the company provides a wide range of mechanical products,
including gas turbines, steam turbines, diesel engines, aerodynamic machinery, and hydraulic machinery.
By utilizing these products, the company conducts plant design, plant production, plant installation, and
plant maintenance.
The rolling stock segment of the company deploys its aerodynamics know-how in the development and
design of high-speed trains such as Shinkansen. It also supplies express and commuter trains, subway
cars, freight trains, locomotives, monorails, and new transit systems. The company's technologies also
support the development of a platform screen door system, and vibration and oscillation control systems.
KHI produces rail cars in the US at Kawasaki Rail Car.
The company operates its shipbuilding segment through its main subsidiary, Kawasaki Shipbuilding. This
segment is into shipbuilding and ship repair. It products include high-performance liquefied natural gas
(LNG) and liquefied petroleum gas (LPG) carriers, container ships, bulk carriers, and very large crude
carriers, as well as submarines. The company is spearheading development of offshore structures and
research vessels. Kawasaki Shipbuilding also operates a joint venture in China with China Ocean
Shipping (COSCO), called Nantong COSCO KHI Ship Engineering. Through its marine machinery and
equipment, the company produces a wide array of marine machinery and equipment, including main
engines, propulsion systems, steering gears, deck, and fishing machinery.
The plant and infrastructure engineering segment is engaged in the production and sale of boilers,
chemical and cement plants, and refuse incineration plants. The company operates this segment through
its subsidiary, Kawasaki Plant Systems (K Plant). K Plant supply energy-related, industrial infrastructure,
and environmental preservation systems and equipment. This segments portfolio also includes power
plants, municipal refuse incineration plants, LNG and LPG tanks, and shield machines and tunnel-boring
machines.
The hydraulic machinery segment includes the production and sale of hydraulic machines. The core
company in this segment is Kawasaki Precision Machinery. It is a hydraulic equipment manufacturer.
-
8/6/2019 Machine Industrial
21/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 21
Key Metrics
The company recorded revenues of $13,361 million in the fiscal year ending March 2010, a decrease of
12.3% compared to fiscal 2009. Its net loss was $124 million in fiscal 2010, compared to a net income of
$134 million in the preceding year.
Table 10: Kawasaki Heavy Industries, Ltd.: key financials ($)
$ million 2006 2007 2008 2009 2010
Revenues 15,057.5 16,379.8 17,091.2 15,241.0 13,360.9
Net income (loss) 187.5 339.0 400.2 133.5 (123.6)
Total assets 14,620.3 15,461.7 15,698.3 15,937.5 15,398.6
Total liabilities 11,915.2 12,098.6 12,132.4 12,630.6 12,175.8
Employees 28,922 29,211 31,862 32,266 32,297
Source: company filings D A T A M O N I T O R
Table 11: Kawasaki Heavy Industries, Ltd.: key financials ()
million 2006 2007 2008 2009 2010
Revenues 1,322,487.0 1,438,619.0 1,501,097.0 1,338,597.0 1,173,473.0
Net income (loss) 16,467.0 29,772.0 35,145.0 11,728.0 (10,860.0)
Total assets 1,284,085.0 1,357,980.0 1,378,765.0 1,399,771.0 1,352,439.0
Total liabilities 1,046,497.0 1,062,602.0 1,065,574.0 1,109,330.0 1,069,386.0
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
22/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 22
Table 12: Kawasaki Heavy Industries, Ltd.: key financial ratios
Ratio 2006 2007 2008 2009 2010
Profit margin 1.2% 2.1% 2.3% 0.9% (0.9%)Revenue growth 6.5% 8.8% 4.3% (10.8%) (12.3%)
Asset growth 7.5% 5.8% 1.5% 1.5% (3.4%)
Liabilities growth 5.4% 1.5% 0.3% 4.1% (3.6%)
Debt/asset ratio 81.5% 78.2% 77.3% 79.3% 79.1%
Return on assets 1.3% 2.3% 2.6% 0.8% (0.8%)
Revenue per employee $520,626 $560,741 $536,412 $472,354 $413,689
Profit per employee $6,483 $11,604 $12,559 $4,138 ($3,829)
Source: company filings D A T A M O N I T O R
Figure 7: Kawasaki Heavy Industries, Ltd.: revenues & profitability
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
23/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 23
Figure 8: Kawasaki Heavy Industries, Ltd.: assets & liabilities
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
24/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 24
MAN SE
Table 13: MAN SE: key facts
Head office: Ungererstr. 69, Munich 80805, DEU
Telephone: 49 89 36098 0
Fax: 49 89 36098 250
Website: www.man.de
Financial year-end: December
Ticker: MAN
Stock exchange: Frankfurt
Source: company website D A T A M O N I T O R
MAN is one of the leading transport-related engineering groups in the world. The group supplies trucks,
buses, diesel engines, turbo machines, and special gear units. MAN primarily operates through its
reportable subsidiaries: MAN Nutzfahrzeuge, MAN Diesel, MAN Latin America and MAN Turbo.
MAN Nutzfahrzeuge is the largest company in the MAN Group and is a leading manufacturer of
commercial vehicles and transportation solutions. It has production facilities in four European countries
and in India. MAN Nutzfahrzeuge's product range includes trucks with a gross vehicle weight of 7.5 to 60
tons for short- and long-haul transportation, trucks for military and public-sector uses, through buses and
coaches, to combustion ignition and spark-ignited engines for vehicles. In FY2009, MAN Nutzfahrzeuge
recorded a total order intake of 37,984 units, which included 33,272 trucks and 4,712 busses.
MAN offers financial services through MAN Finance International in the fields of transport, drives and
energy, worldwide. The portfolio of services covers national and international financing solutions for trucks
and buses from MAN Nutzfahrzeuge. MAN Finance supports the sales of MAN Nutzfahrzeuge in all
relevant international markets.
MAN Diesel is a provider of large-bore diesel engines for marine and power plant applications. The
company designs two-stroke and four-stroke engines, generating sets, turbochargers, CP propellers and
complete propulsion packages that are manufactured both by MAN Diesel and its licensees. MAN Diesel
has manufacturing operations in Germany, Denmark, England, France, the Czech Republic and China.
MAN Latin America was officially established in 2009 with the acquisition of Volkswagen Trucks and
Buses by MAN. With a total production capacity of 80 thousand vehicles per year, MAN Latin America is
the largest manufacturer of trucks, and the second largest bus manufacturer in South America. MAN Latin
America offers a full line of trucks and buses, with over 40 models available and sold in 30 countries in
-
8/6/2019 Machine Industrial
25/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 25
Latin America, Africa and the Middle East. In FY2009, MAN Latin America recorded a total order intake of
35,842 units.
MAN Turbo manufactures compressors and industrial turbines. Its areas of operation are the
manufacturing of machine trains; compressors for industrial processes; and gas and steam turbines for
drive systems and power generation. A wide range of after-sales service operations supplements the
product range. MAN Turbo has production facilities located in Germany, Switzerland, Italy, and China.
In addition, MAN owns a majority stake in the Augsburg-based Renk, manufacturer of high-quality special
gears, components of propulsion technology and test systems. The company offers a wide range of
vehicle transmissions, driving elements, special-purpose propulsion systems, and broad-use propulsion
systems. Renk has production facilities in Germany, Switzerland, France, and the US.
Key Metrics
The company recorded revenues of $19,416 million in the fiscal year ending December 2010, an increase
of 21.9% compared to fiscal 2009. Its net income was $956 million in fiscal 2010, compared to a net loss
of $342 million in the preceding year.
Table 14: MAN SE: key financials ($)
$ million 2006 2007 2008 2009 2010
Revenues 17,286.2 18,629.5 19,797.8 15,931.0 19,416.3
Net income (loss) 1,225.4 1,622.8 1,651.9 (341.8) 956.4
Total assets 20,196.6 21,408.7 21,897.5 21,056.3 23,091.1Total liabilities 15,190.5 14,550.7 14,749.4 14,261.9 15,156.1
Employees 53,715 50,399 51,321 48,621 47,743
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
26/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 26
Table 15: MAN SE: key financials ()
million 2006 2007 2008 2009 2010
Revenues 13,049.0 14,063.0 14,945.0 12,026.0 14,657.0Net income (loss) 925.0 1,225.0 1,247.0 (258.0) 722.0
Total assets 15,246.0 16,161.0 16,530.0 15,895.0 17,431.0
Total liabilities 11,467.0 10,984.0 11,134.0 10,766.0 11,441.0
Source: company filings D A T A M O N I T O R
Table 16: MAN SE: key financial ratios
Ratio 2006 2007 2008 2009 2010
Profit margin 7.1% 8.7% 8.3% (2.1%) 4.9%Revenue growth 14.7% 7.8% 6.3% (19.5%) 21.9%
Asset growth 7.7% 6.0% 2.3% (3.8%) 9.7%
Liabilities growth 2.5% (4.2%) 1.4% (3.3%) 6.3%
Debt/asset ratio 75.2% 68.0% 67.4% 67.7% 65.6%
Return on assets 6.3% 7.8% 7.6% (1.6%) 4.3%
Revenue per employee $321,813 $369,639 $385,765 $327,657 $406,684
Profit per employee $22,812 $32,199 $32,188 ($7,029) $20,033
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
27/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 27
Figure 9: MAN SE: revenues & profitability
Source: company filings D A T A M O N I T O R
Figure 10: MAN SE: assets & liabilities
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
28/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 28
Mitsubishi Heavy Industries, Ltd.
Table 17: Mitsubishi Heavy Industries, Ltd.: key facts
Head office: 16-5 Konan 2-chome, Minato ku, Tokyo 108 8215, JPN
Telephone: 81 3 6716 3111
Fax: 81 3 6716 5800
Website: www.mhi.co.jp
Financial year-end: March
Ticker: 7011
Stock exchange: Tokyo
Source: company website D A T A M O N I T O R
Mitsubishi Heavy Industries (MHI) is a Japanese manufacturing company engaged in the design,
development, manufacture, and sale of industrial equipment and machinery. The company has global
operations spanning Asia, Europe, and the Americas.
The company operates through a number of business divisions including: power systems, mass and
medium-lot manufactured machinery, machinery and steel structures, aerospace and shipbuilding and
ocean development.
The power systems division develops energy conservation measures, petroleum substitutes, and new
forms of energy. The division is also involved in the nuclear power field as one of the world's leading
manufacturers of nuclear power plants. This division is involved in the manufacturing, installation, sale
and repair of boilers, steam turbines, gas turbines, diesel engines, water turbines, wind turbines, SCR
(DeNOx) systems, marine machinery, desalination plants, nuclear power plants and equipment, advanced
reactor plants, nuclear fuel cycle plants, and nuclear fuel amongst others.
The mass and medium lot manufactured machinery (MMM) division develops and manufactures products
such as engines and forklift trucks for the logistics field. Its air-conditioning and refrigeration systems
product line offers a range of air-conditioning products. The industrial machinery unit manufactures
extrusion machinery, used in the production of plastic products, beverage filling and packaging machines,
and other industrial equipment. This division also includes the paper and printing machinery business in
the paper-related equipment field.
The machinery and steel structures division provides a range of equipment and systems applicable for
waste treatment, flue gas desulphurization and treatment, environmental control, and transportation. It
also supplies bridges, stacks, hydraulic gates, transportation equipment, tunneling machinery, and other
-
8/6/2019 Machine Industrial
29/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 29
products. The division is also involved with the construction of bridges, parking systems, and leisure and
entertainment facilities. This division is also into the manufacturing and installation of petrochemical
plants, flue gas desulphurization systems, flue gas CO2 recovery plants, oil and gas production plants,
and other chemical plants.
The aerospace division is involved in the manufacturing, installation, sale and repair of fighter jets,
helicopters, and other aircraft, structural parts and components of commercial transport aircraft, aero
engines, missiles, torpedoes, space systems, and launch services via launch vehicles.
The shipbuilding and ocean development division manufactures a range of large vessels and ocean
structures such as crude oil carriers, container ships, cruise ships, car ferries, LPG carriers, LNG carriers,
defense vessels, and offshore structures. The other operations of the division include manufacturing
equipment related to marine research, survey, and development projects. The division also manufactures
equipment and offers other facilities that are used by oil and gas companies.
Key Metrics
The company recorded revenues of $33,484 million in the fiscal year ending March 2010, a decrease of
12.9% compared to fiscal 2009. Its net income was $161 million in fiscal 2010, compared to a net income
of $276 million in the preceding year.
Table 18: Mitsubishi Heavy Industries, Ltd.: key financials ($)
$ million 2006 2007 2008 2009 2010
Revenues 31,790.3 34,937.3 36,469.6 38,434.7 33,484.3
Net income (loss) 339.5 556.1 698.3 275.7 161.3
Total assets 46,079.6 50,004.8 51,431.3 51,534.5 48,536.0
Total liabilities 30,207.2 33,536.0 35,030.8 36,923.6 33,406.9
Employees 62,212 62,940 64,103 67,416 67,400
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
30/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 30
Table 19: Mitsubishi Heavy Industries, Ltd.: key financials ()
million 2006 2007 2008 2009 2010
Revenues 2,792,109.0 3,068,505.0 3,203,085.0 3,375,674.0 2,940,887.0Net income (loss) 29,817.0 48,840.0 61,332.0 24,217.0 14,163.0
Total assets 4,047,122.0 4,391,865.0 4,517,148.0 4,526,213.0 4,262,859.0
Total liabilities 2,653,062.0 2,945,429.0 3,076,719.0 3,242,961.0 2,934,087.0
Source: company filings D A T A M O N I T O R
Table 20: Mitsubishi Heavy Industries, Ltd.: key financial ratios
Ratio 2006 2007 2008 2009 2010
Profit margin 1.1% 1.6% 1.9% 0.7% 0.5%Revenue growth 7.8% 9.9% 4.4% 5.4% (12.9%)
Asset growth 5.6% 8.5% 2.9% 0.2% (5.8%)
Liabilities growth 5.9% 11.0% 4.5% 5.4% (9.5%)
Debt/asset ratio 65.6% 67.1% 68.1% 71.6% 68.8%
Return on assets 0.8% 1.2% 1.4% 0.5% 0.3%
Revenue per employee $511,000 $555,089 $568,922 $570,112 $496,800
Profit per employee $5,457 $8,835 $10,894 $4,090 $2,393
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
31/36
LEADING COMPANIES
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 31
Figure 11: Mitsubishi Heavy Industries, Ltd.: revenues & profitability
Source: company filings D A T A M O N I T O R
Figure 12: Mitsubishi Heavy Industries, Ltd.: assets & liabilities
Source: company filings D A T A M O N I T O R
-
8/6/2019 Machine Industrial
32/36
MARKET FORECASTS
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 32
MARKET FORECASTS
Market value forecast
In 2015, the global industrial machinery market is forecast to have a value of $449.4 billion, an increase of23.8% since 2010.
The compound annual growth rate of the market in the period 201015 is predicted to be 4.4%.
Table 21: Global industrial machinery market value forecast: $ billion, 201015
Year $ billion billion % Growth
2010 363.1 273.4 3.4%
2011 377.3 284.2 3.9%
2012 393.3 296.2 4.2%
2013 410.7 309.3 4.4%
2014 429.5 323.5 4.6%
2015 449.4 338.5 4.6%
CAGR: 201015 4.4%
Source: Datamonitor D A T A M O N I T O R
Figure 13: Global industrial machinery market value forecast: $ billion, 201015
Source: Datamonitor D A T A M O N I T O R
-
8/6/2019 Machine Industrial
33/36
APPENDIX
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 33
APPENDIX
Methodology
Datamonitor Industry Profiles draw on extensive primary and secondary research, all aggregated,analyzed, cross-checked and presented in a consistent and accessible style.
Review of in-house databases Created using 250,000+ industry interviews and consumer surveys
and supported by analysis from industry experts using highly complex modeling & forecasting tools,
Datamonitors in-house databases provide the foundation for all related industry profiles
Preparatory research We also maintain extensive in-house databases of news, analyst
commentary, company profiles and macroeconomic & demographic information, which enable our
researchers to build an accurate market overview
Definitions Market definitions are standardized to allow comparison from country to country. The
parameters of each definition are carefully reviewed at the start of the research process to ensure they
match the requirements of both the market and our clients
Extensive secondary research activities ensure we are always fully up-to-date with the latest
industry events and trends
Datamonitor aggregates and analyzes a number of secondary information sources, including:
- National/Governmental statistics
- International data (official international sources)
- National and International trade associations
- Broker and analyst reports
- Company Annual Reports
- Business information libraries and databases
Modeling & forecasting tools Datamonitor has developed powerful tools that allow quantitative
and qualitative data to be combined with related macroeconomic and demographic drivers to create
market models and forecasts, which can then be refined according to specific competitive, regulatory
and demand-related factors
Continuous quality control ensures that our processes and profiles remain focused, accurate and
up-to-date
-
8/6/2019 Machine Industrial
34/36
APPENDIX
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 34
Industry associations
Association of Equipment Manufacturers
111 E. Wisconsin Ave. Suite 1000, Milwaukee, WI 53202-4806, USATel.: 001 414 272 0943
Fax: 001 414 272 1170
www.aem.org
Related Datamonitor research
Company Profile
Mitsubishi Heavy Industries, Ltd.
MAN SE
Industry Profile
Global Construction & Farm Machinery & Heavy Trucks
Global Machinery
Global Capital Goods
-
8/6/2019 Machine Industrial
35/36
APPENDIX
Global - Industrial Machinery 0199 - 2084 - 2010
Datamonitor. This profile is a licensed product and is not to be photocopied Page 35
Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form
by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, Datamonitor plc.
The facts of this report are believed to be correct at the time of publication but cannot be guaranteed.
Please note that the findings, conclusions and recommendations that Datamonitor delivers will be
based on information gathered in good faith from both primary and secondary sources, whose
accuracy we are not always in a position to guarantee. As such Datamonitor can accept no liability
whatever for actions taken based on any information that may subsequently prove to be incorrect.
-
8/6/2019 Machine Industrial
36/36
ABOUT DATAMONITOR
Global - Industrial Machinery 0199 - 2084 - 2010
ABOUT DATAMONITOR
The Datamonitor Group is a world-leading provider of premium global business information, delivering
independent data, analysis and opinion across the Automotive, Consumer Markets, Energy & Utilities,
Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology and
Telecoms industries.
Combining our industry knowledge and experience, we assist over 6,000 of the worlds leading
companies in making better strategic and operational decisions.
Delivered online via our user-friendly web platforms, our market intelligence products and services
ensure that you will achieve your desired commercial goals by giving you the insight you need to best
respond to your competitive environment.
Premium Reports
Datamonitor's premium reports are based on primary research with industry panels and consumers.We gather information on market segmentation, market growth and pricing, competitors and products.
Our experts then interpret this data to produce detailed forecasts and actionable recommendations,
helping you create new business opportunities and ideas.
Summary Reports
Our series of company, industry and country profiles complements our premium products, providing
top-level information on 30,000 companies, 3,000 industries and 100 countries. While they do not
contain the highly detailed breakdowns found in premium reports, profiles give you the most important
qualitative and quantitative summary information you need - including predictions and forecasts.
Datamonitor consulting
We hope that the data and analysis in this profile will help you make informed and imaginative business
decisions. If you have further requirements, Datamonitors consulting team may be able to help you. For
more information about Datamonitors consulting capabilities, please contact us directly at