Complex and Engineered Machinery 

The Complex and Engineered Machinery peer group includes companies that design and manufacture highly specialized, engineered equipment and systems. These firms operate in capital-intensive, project-driven markets, providing customized machinery, process systems, and aftermarket services that demand deep technical expertise and long-term customer partnerships.

With just 1.3% long-term productivity growth over the last 20 years, the Complex and Engineered Machinery peer group is among the lowest in the industrial equipment sector, reflecting the challenges of project-based manufacturing and highly customized production cycles. However, the group saw a sharp 43.8% productivity surge post-COVID, driven by recovering industrial demand, supply chain normalization, and renewed investment in automation and digital engineering. In the most recent year, productivity fell by about 5%, as inflationary pressures, supply bottlenecks, and uneven order timing offset earlier efficiency gains.