Industry Analysis & Industry Trends
The industry has performed well during the past five years. Industry revenue is estimated to increase at a compound annual rate of 3.1% over the five years through 2017-18. The key markets for operators are health-care providers, aviation and transportation industries, engineering companies and industrial firms. Rising demand for health-care services in the United Kingdom and improvements in aircraft maintenance, repair and overhaul (MRO) activity expanded demand for industry services. However, industrial production activity remained weak and constrained industry expansion. Growth in business capital spending also curtailed growth, as many downstream firms replaced ageing equipment with new equipment that have longer service intervals and need less repair work... purchase to read more
Industry Report - Industry Analysis Chapter
The Electronic and Optical Equipment Repair industry has recorded moderate growth during the past five years. Industry revenue is estimated to grow at a compound annual rate of 3.1% over the five years through 2017-18 to £757.3 million. Increases in demand for health-care services and growth in aircraft MRO activity promoted demand. Nevertheless, lacklustre levels of industrial production activity hindered demand from certain downstream industries, such as industrial engineering and other industrial firms. Higher business capital spending levels during many years also constrained demand, as newer pieces of equipment generally have longer services intervals and require less repair work to be carried out on them.
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