Feeling the pressure: A high level of import competition limits industry revenue expansion

The industry is heavily influenced by trends in industrial production activity, construction activity and the performance of the oil and gas sector, as these are key downstream markets. Imports and exports also have a major influence on performance. However, both imports and exports are inflated by re-exports. The industry has expanded over the past five years, propelled by improvements in construction activity and growth in exports. However, business capital spending came under pressure following the EU referendum. Improvements in industrial production activity also remained lacklustre during the past five years. These factors constrained industry expansion. In addition, strong import competition and a fall in the number of players operating in the industry restricted growth...read more.

Industry Statistics & Market Size
Revenue
£734.8m
Annual Growth 15-20
3.0%
Forecast Growth 20-25
Profit
Employment
3,619
Businesses
69

Industry Threats & Opportunities

  • Business capital spending is expected to remain fragile and restrict industry revenue growth
  • Loss of free movement would decrease downstream demand
  • Industry Report - Industry Key Buyers Chapter

    The industry displays a low level of concentration, since the top four players are estimated to have a combined market share of 16.1% in 2019-20. This is partly because the industry manufactures a diverse range of products and each player focuses on a particular niche. In addition, many players have manufacturing bases overseas and import products into the United Kingdom. Some of the world’s largest manufacturers, such as Atlas, Copco and Emerson, import compressors and only have sales and repair centres in the United Kingdom. However, although overall market share concentration is low, concentration varies considerably between product segments...purchase to read more.

    Additional Insights for the Compressor Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Compressor Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Market research and understanding
  • Have a cost effective distribution system
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and MSCI World Index in the Compressor Manufacturing industry impact industry performance..

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    What's in this report

    What is the Compressor Manufacturing Industry?

    Operators in this industry manufacture air and other gas compressors. Products include compressors for refrigeration equipment, air compressors mounted on a wheeled chassis for towing, turbo compressors, reciprocating-displacement compressors, rotary-displacement compressors and multi-shaft compressors. The production of compressor parts is also included in the industry. The manufacture of hydraulic and pneumatic equipment is not covered.

    Industry Products
  • Parts
  • Multi-shaft screw compressors
  • Reciprocating-displacement compressors
  • Compressors for refrigeration
  • Industry Activities
  • Manufacturing multi-shaft compressors
  • Manufacturing reciprocating-displacement compressors
  • Manufacturing compressors for refrigeration equipment
  • Manufacturing compressor parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business capital expenditure
  • MSCI World Index
  • Industrial production index
  • Real effective exchange rate
  • Total value of construction

  • Current Performance
  • Demand conditions
  • Trade influences
  • Margins improve mildly
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream conditions
  • Import competition intensifies
  • Potential difficulties
  • Margins widen
  • Table: Compressor Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Compressor Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining and Quarrying
  • Manufacturing
  • Commercial Building Construction
  • Pipeline Transport

  • Key Selling Industries
  • Aluminium Production
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing

  • Products & Services
  • Parts
  • Multi-shaft screw compressors
  • Reciprocating-displacement compressors
  • Compressors for refrigeration
  • Other
  • Chart: Compressor Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing and industrial firms
  • Construction industries
  • Oil and gas extraction and exploration
  • Other
  • Chart: Major Market Segmentation for the Compressor Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Compressor Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Compressor Manufacturing Industry

  • Industry Globalization
    James Howden & Company Ltd, Gardner Denver Ltd,
  • Table: James Howden & Company Ltd - financial performance
  • Table: Gardner Denver Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Compressor Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Compressor Manufacturing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Gasket
  • A gasket is a mechanical seal that fills the space between two or more mating surfaces.
  • Reciprocating-Displacement Compressors
  • These are positive-displacement compressors that use pistons driven by a crankshaft to deliver gases at high pressure.
  • Vapour-Compression Refrigeration
  • This uses a circulating liquid refrigerant as the medium to absorb and remove heat from the space to be cooled.
  • What Our Customers Say

    Why buy this report?

    The Compressor Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Compressor Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Compressor Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Compressor Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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