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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 2016

Turning it up: Improved downstream demand gives a boost to industry performance

IBISWorld’s Engine & Turbine Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
Revenue
£10bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment
26,891
Businesses
205
Industry Analysis & Industry Trends

The industry has grown weakly over the past five years. Revenue is estimated to grow at a compound annual rate of 1% over the five years through 2015-16. The replacement of coal- and oil-fired power stations with new gas-fired plants and renewable technologies 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 rapidly increasing energy prices during many years. Demand for parts was also positively influenced as some firms chose to repair existing equipment instead of purchasing replacements due to expenditure budgets remaining under pressure as a result of the prolonged effects of the economic downturn... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has medium barriers to entry due to the significant amount of capital required to start a business, the need to secure skilled labour and strict compliance requirements set out by governments. Depending on the size of operations, start-up capital can vary but is generally high for large-scale production sites. Securing finance for a new business with high start-up costs may be difficult in a tight credit market or if industry risks are high.

Industry operations require skilled staff in the fields of engineering, design, production and management. The industry invests a great deal of time and money in research and development. Professional and related workers perform much of the work, which focuses greatly on scientific research and development services. The.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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