Industrial equipment pertains to any process that has been produced as a major aspect of the business. Even from the smallest items like semiconductors or microprocessors to the giants that manufacture ports to commuter railroads, industrial equipment manufacturing is an integral part of all establishments. Industrial Machinery & Equipment is a highly fragmented, increasingly globalized industry. The Industrial Machinery industry is undergoing significant changes as developing countries drive growth and expand their operations. New technologies surface, and customer demand shifts, thus creating challenges for industrial machinery manufacturers.