Industry Analysis & Industry Trends
Compression is an efficient and convenient method to store, transport and use air and gas. Compressed air can be used to power devices, such as pneumatic tools. It can also be used to inflate objects like pneumatic tyres, move objects or apply coatings, like spray-painting. The uses for compressed gases are also vast and can be used in refrigeration, the production of stronger and cheaper steels, welding and in fire extinguishers.
The total UK market for compressors will be worth an estimated £1.50 billion in 2012-13, of which an estimated £1.32 billion, or 87.8%, will be satisfied by imports. In 2012-13, revenue for UK compressor manufacturers will amount to £1.38 billion in 2012-13, up 0.9% in real terms on 2011-12... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Several factors indicate that the industry has entered the decline phase of its life cycle. Industry value added (IVA) will decline in real terms in the five years through 2012-13. IVA is forecast to grow at a rate that is below the UK economy's rate of growth over the five years through 2017-18.
Import competition is strong. Imports account for an estimated 87.8% of domestic demand and this proportion is increasing. Further, most of the world's largest manufacturers of compressors, including Atlas Copco, Dresser Rand, Burckhardt, Siemens, Emerson and ABAC Aria Compressa, service the United Kingdom through sales and service operations (and do not manufacture compressors domestically)... purchase to read more