5 Most Competitive Industries in the World

4. Machinery

Estimated Number of Firms:  1,463

The machinery industry is one of the most capitally intensive sectors in the world – particularly when it comes to big machines such as excavators. However, heavy duty equipment is not the only component of this sector. Instead, the sector includes a wide variety of smaller products such as gear parts, bearings, pumps, compressors, and numerous power tools such as drill machines, lathes, gear shapers, grinding machines, and milling machines.