Industrial Manufacturing

The industrial manufacturing industry is responsible for the fabrication of products intended for industrial use from raw materials; it is the output of this industry which has made further mass manufacturing possible in most other industries. It is responsible for producing a variety of different machinery, from huge industrial to simple household machines, as well as other industrial-use products such as hardware, paper and packaging materials, glass, and other fixtures. However, in spite of the huge range of products, they all have a common function: to eliminate or reduce the amount of human energy expenditure, or manpower, needed to complete the job. No matter what type of machinery is employed, it is crucial in producing many of the goods and services vital to any economy in a timely and cost-efficient manner.

Industrial equipment can be grouped into two broad classes, standard and custom built. Standard equipment is cheaper to build and can be used by many different industries. However, it often cannot fulfill the specific needs of new factories. Custom built equipment is more expensive than standard equipment but tends to be more profitable. It takes longer to build but it can be made to incorporate specific attributes desired by the buyer. Industrial equipment can also be grouped into seven different segments.