Industry Analysis & Industry Trends
The industry rebounded over the past five years through 2016-17 after revenue declined heavily prior to the start of the five-year period. The upturn in construction activity boosted demand for industry services, because it is an important market for industry operators. In addition, business capital expenditure increased over the past five years, which supported demand for equipment repair and maintenance. However, electricity production volumes dwindled, which negatively affected demand, as gaps between service intervals increased and producers delayed non-essential repair work. In addition, industrial production activity remained weak over the past five years, which hindered demand for industry products. Industry revenue is expected to increase at a compound annual rate of 6.7%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a low level of market share concentration. It is highly fragmented, with no players accounting for more than 5% of industry revenue. Participants tend to be either small businesses or non-employers that specialise in repairing certain types of electrical equipment. In addition, the industry also includes some original manufacturers of equipment that offer peripheral post-sales repair and maintenance services. The combined revenue of the three largest industry players is expected to account for 6% of total industry revenue in 2016-17. The fragmented nature of the industry is demonstrated by the fact that 91% of industry operators employ fewer than 10 people and just 0.5% of operators employ more than 100 staff.
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