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Machinery

The Machinery sector includes global original equipment manufacturers, dealers, and component suppliers in the agriculture, construction, mining and trucking sectors. Machinery companies are tied to cyclical end-market trends and the secular push to increase mechanization amongst their global customer base. The sector was long dominated by U.S., European and Japanese companies but in the last ten years as China has become the biggest market in the world, local Chinese companies have developed scale and expertise and are looking to expand globally creating opportunities and threats for the incumbents.

 

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