Industry Analysis & Industry Trends
Turbines and engine manufacturers have been enjoying a steady increase in revenue in the past five years. During this period, industry revenue is expected to increase at a compound annual rate of 4.4% to reach £10 billion in 2013-14. Revenue growth slowed down slightly towards 2012-13 and is expected to reach 1.1% during 2013-14. As the United Kingdom entered recession, demand for industry services dropped as businesses postponed capital investment where possible. However, this globalised industry benefited as the pound weakened against foreign currencies, improving industry competitiveness overnight. Exports increased as a percentage of revenue in the five years through 2013-14, and the shift in currencies allowed the industry to increase margins from 13.2%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The market share concentration of the industry is low, with the top four players accounting for less than 40% of industry revenue. However, the trend is towards further consolidation as smaller players leave the industry. Over the five years through 2013-14, market share concentration has increased, up from approximately 37% in 2008-09. The increasing concentration is a sign of the industry's development. With a widespread acceptance of its products and services, the industry is moving into a decline stage of its life cycle. This means that the industry is growing at a slower rate than GDP, prompting players to acquire smaller operators to drive growth, rather than develop new markets... purchase to read more