Globalized mass production has become the mainstream of the development of major multinational companies. While constantly combining and restructuring to expand their competitive strength, major companies have also strengthened their investment and R&D in their core businesses, continuously improving their system integration capabilities and personalized and diversified market adaptability.

First, the status is becoming more basic. Developed countries attach great importance to the development of equipment manufacturing industry. Not only does it account for a large proportion, accumulation, employment and contribution in their own industries, but also the equipment manufacturing industry provides an important material basis for the development and production of new technologies and new products. It is an indispensable strategic industry for the modern economy. Even industrialized countries that are entering the “information society” attach great importance to the development of machinery manufacturing industry.

Second, the development is extremely unbalanced and the regional differences are intensifying. Taking 2003 as an example, the top 500 companies in the world in terms of sales volume were almost all from North America, Asia and Europe, accounting for as high as 99%, which shows the unparalleled dominance of the three continents in the development of the world’s machinery industry.

Third, cross-border mergers and acquisitions in the machinery manufacturing industry have intensified. Modern mergers and acquisitions no longer emphasize confrontation with competition. The main means for strong alliances to establish enterprises to gain competitive advantages. This is a major feature of large companies seeking survival and development in the process of globalization of the machinery manufacturing industry. Moreover, the market is becoming saturated. The market competition is becoming increasingly fierce. The risk of investing in factories has increased, and more companies have begun to adopt joint mergers and acquisitions. Under the premise of building factories, the product structure of enterprises is optimized to achieve the purpose of improving production capacity, expanding market share, and obtaining economies of scale. The threat of technological innovation in industries with high technology as the connotation has led multinational companies to embark on the road of alliance to form a strong technological innovation capability. Strategic mergers and acquisitions between large enterprises in the machinery manufacturing industry have led to the reconfiguration of resources in the machinery industry. This has led to a collaborative situation in the competition pattern of the world’s machinery industry.

Fourth, structural adjustment is further deepened, and production methods and management models are undergoing profound changes. Developed countries have increased the intensity of industrial transfer, and low value-added products in mechanical products are arranged to be produced in developing countries with potential market demand: In order to adapt to changes in market demand, major manufacturers have adopted specialized production, and “single variety, large batch” has become a new feature of the production method of many Fortune 500 companies; at the same time, the production method dominated by producers has gradually changed to a customized production method dominated by consumers. The personalization of services has become an important factor in the success or failure of competition