Industry Analysis & Industry Trends
The industry is characterised by a large number of small players and no identifiable major players. Industrial production activity remained weak during the past five years, which propelled demand for repair services, as firms chose to repair rather than replace their equipment. A fall in defence spending also increased demand for repair services from the military. However, demand for maintenance services from these two markets dwindled, constraining industry revenue, because lacklustre industry production activity and reductions in military operations widened service internals. Demand for repair and maintenance services from electricity producers also fell due to depressed electricity production volumes and the replacement of ageing technology with renewable alternatives... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a low level of market share concentration and there are no identifiable major players. All players in the industry are expected to have market shares of less than 5% and the top four players in the industry are expected to have a combined market share of less than 10%. In fact, 84.4% of firms employ fewer than five people and only 0.6% of firms have 100 or more workers.
A large number of industry participants are small businesses and non-employers. The proportion of small players operating in the industry increased during the past five years, as some employees who were made redundant prior to the start of the period started their own operations when demand conditions rebounded.
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