Industry Analysis & Industry Trends
The industry manufactures a wide range of ball bearings, gearboxes, clutches, transmission shafts, flywheels, pulleys and a variety of related parts. Trends in imports and exports have a significant influence on the industry's performance, since exports account for the majority of industry revenue and imports satisfy the bulk of domestic demand. However, both import and export values are distorted due to the high level of re-export activity.
The past five years have been challenging for industry participants, as bleak industrial production activity has dampened demand. Intense import competition, reductions in manufacturing capacity and deteriorating export sales also hampered industry performance... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the decline stage of its life cycle. The industry's contribution the economy (industry value added) is expected to decline at a compound annual rate of 2% over the 10 years through 2021-22. Meanwhile, the UK economy is expected to grow at a compound annual rate of 2.3% over the same period. This indicates that the industry will account for a declining share of the overall economy.
The number of enterprises operating in the industry is also expected to decline, which suggests a declining industry. This is mainly due to players being forced out of business and some firms shifting operations to overseas locations. Meanwhile, the industry also has a clearly segmented product lines, despite the technological advances taking place in the product segments.
.. purchase to read more