As a participant in a world economy, domestic product manufacturers are acquiring their machinery and equipment from foreign markets. Multi-national manufacturers with operations in North America, South America and Asia, for example, may all be utilizing machinery and equipment sourced from German manufacturers.
Many nuances are affecting the value of machinery and equipment that traditional valuation methodologies may fail to take into account. Two assets of the same type, same age, same condition and manufactured by the same manufacturer could have distinctly different values due to currency exchange rates, local economic conditions, supply-demand relationships and other factors which often affect value. The only way in which these assets can be properly valued is if the valuation expert has garnered sufficient expertise in conducting valuations of machinery and equipment on an international scale.