Industry Analysis & Industry Trends
The Abrasive Product Manufacturing industry produces abrasives for a range of applications from sanding to sawing. Subdued economic conditions in the early part of the five-year period through 2015-16 negatively affected demand for industry products as downstream markets suffered. Stagnating building production activity in the construction and manufacturing sectors led to curtailed expenditure and demand from these downstream industries. As economic conditions improved, key downstream markets eventually strengthened, and robust demand from both manufacturing and construction sectors is expected to drive industry revenue growth in 2015-16. However, the industry remains dogged by fluctuating foreign exchange conditions, volatile input costs and import competition... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Abrasive Product Manufacturing industry is estimated to be in the decline phase of its life cycle. Key indicators of decline include its falling contribution to the economy, squeezed revenue and a dwindling number of industry enterprises. Industry value added, which measures its contribution to the wider economy, is expected to decline at an estimated compound annual rate of 1.6% over the 10 years through 2020-21. Over the same period the UK economy is expected to grow at a compound annual rate of 2.1%. This suggests the industry is shrinking as a proportion of the overall economy, marking decline.
The industry suffered under the strain of the economic downturn; however it was declining long before this. The.. purchase to read more