The global machinery industry is composed of a diverse array of end markets and products, including construction and earth-moving equipment, farm machinery, heavy duty trucks, pumps, valves, motors, compressors, hydraulics, filtration, industrial controls, and automation systems—as well as machine tools for cutting, stamping, and forming metal. In this comprehensive examination of the industry, the author gives an overview of its structure and primary economic drivers and provides practical guidance for effective analysis of the industry’s most prominent companies.