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Engine & Turbine Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Engine & Turbine Manufacturing Market Research Report | SIC C28.110 | Mar 2017

Slower cycle: Uncertainty is likely to limit growth, though the weak pound has boosted exports

IBISWorld’s Engine & Turbine Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Cummins Ltd Cummins Ltd market share
Perkins Engines Company Ltd Perkins Engines Company Ltd market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The shift to greener plants from coal- and oil-fired power stations has supported demand
  • Industrial activity has remained relatively weak, somewhat constraining demand
  • Demand for electricity is expected to rise, boosting demand for turbines
  • ... purchase to read more

Industry Analysis & Industry Trends

The industry has grown modestly over the past five years, although it did contract at the beginning of the period. Revenue is estimated to grow at a compound annual rate of 0.4% over the five years through 2016-17. The replacement of coal- and oil-fired power stations with new gas-fired plants and renewable technologies has positively influenced demand for new turbines and related parts. Meanwhile, demand for engines used for industrial applications remained stable as industrial firms upgraded to more energy-efficient technologies in order to cope with high energy prices. Nevertheless, industry growth has been curtailed by fierce import penetration. Exports grew during the past five years and contributed to industry expansion.

In 2016-17, revenue is forecast to grow by 1.5%... purchase to read more

Industry Report - Industry Analysis Chapter

The Engine and Turbine Manufacturing industry has registered marginal growth during the past five years. Although electricity production remained relatively weak, the replacement of coal- and oil-fired power stations with new gas-fired generating capacity and renewable energy sources stimulated demand for turbines and their parts. Demand for engines also remained relatively stable even though industrial production activity remained weak. This was primarily because many manufacturers and industrial users upgraded to more energy-efficient equipment in order to cope with high energy costs and regulatory requirements. Meanwhile, demand for parts increased due to some firms opting to repair equipment instead of purchasing replacements. Whi.. purchase to read more

Additional Insights for the Engine & Turbine Manufacturing Industry

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

  • Access to highly skilled workforce
  • Ability to accommodate environmental requirements
  • Access to the latest technology and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from electricity production and Industrial production index in the Engine & Turbine Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Engine & Turbine Manufacturing Industry?

    Companies in this industry manufacture internal combustion engines. The manufacture of steam and other vapour turbines, hydraulic turbines, wind turbines and gas turbines is also included in the industry. In addition, the manufacture of parts such as pistons, piston rings, carburettors and exhaust valves is classified to the industry. The manufacture of motor vehicles, aircraft and cycle engines and generator sets is not included in the industry.

    Industry Products
    Engines for industrial applicationsGas and steam turbinesHydraulic turbinesWind turbinesParts
    Industry Activities
    Piston and piston ringCarburettor production Inlet valve and exhaust valveRail and marine engineWind turbine

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from electricity production
  • Industrial production index
  • Real effective exchange rate
  • Business capital expenditure
  • World price of steel
  • Current Performance
  • Regulations fuel expansion
  • Industrial demand
  • Import penetration rises
  • Profitability improves slightly
  • Chart: Revenue Growth
  • Industry Outlook
  • Turbines propel growth
  • Industrial production expands
  • International trade influences
  • Margins widen slightly
  • Table: Engine & Turbine Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engine & Turbine Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Mining, Quarrying & Construction Machinery Manufacturing
  • Shipbuilding
  • Electricity Production
  • Renewable Electricity Generation
  • Key Selling Industries
  • Bearing & Gear Manufacturing
  • Iron & Steel Manufacturing
  • Machinery Repair & Maintenance
  • Products & Services
  • Engines for industrial applications
  • Parts
  • Gas and steam turbines
  • Other
  • Hydraulic turbines
  • Wind turbines
  • Chart: Engine & Turbine Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Exports
  • Industrial firms
  • Electricity producers
  • Other
  • Chart: Major Market Segmentation for the Engine & Turbine Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Engine & Turbine Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engine & Turbine Manufacturing Industry
  • Industry Globalization
    Major Companies
    Perkins Engines Company Ltd
    Cummins Ltd
  • Table: Perkins Engines Company Ltd - financial performance
  • Table: Cummins Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Engine & Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Engine & Turbine Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • Combined-cycle gas turbine (CCGT) plants produce electricity from gas turbines and then use the waste heat generated to run a steam turbine.
  • Internal Combustion Engine
  • An engine that extracts energy from a fuel, such as gasoline, through combustion.
  • Piston
  • A moving component generally found in engines that is contained by a cylinder and is made gas-tight by piston rings.
  • Turbine
  • A turbine is a rotator engine that turns energy in the form of flowing fluid (i.e. water or air) into another form of usable energy (i.e. electricity).

  • Why Buy this Report?
    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 Engine & Turbine 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 of 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 Engine & Turbine 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 Engine & Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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