Industry Analysis & Industry Trends
Firms in the Welding and Fabricated Metal Product Repair industry repair a diverse range of fabricated metal products, ranging from steam generators and boilers to shopping carts and firearms. In 2012-13, the industry is expected to account for £1.3 billion. Growth in the industry was muted for most of the five years through 2012-13, as the deteriorating economy weighed on demand from most downstream markets, with the industrial production index declining over the past five years. Stronger revenue growth is expected in 2012-13, at 2.1%, as downstream activities begin to increase. Profitability in the industry is expected to improve due to the lower cost of service, while industry revenue is expected to decline by an annualised 0.1% over the five years through 2012-13... purchase to read more
Industry Report - Industry Analysis Chapter
Firms in the industry repair a diverse range of fabricated metal products, ranging from steam generators and boilers to shopping carts and firearms. Growth in the industry is driven by conditions in the overall economy, as well as demand in downstream markets, including the industrial production, petroleum and power generation sectors. Counter-cyclical forces also drive demand in the industry, with tight economic conditions leading some businesses to repair rather than replace some metal products, boosting demand for the industry's services. The maintenance segment is less volatile and generally less affected by economic conditions due to safety procedures and regulatory requirements... purchase to read more