Industry Analysis & Industry Trends
Light metals, such as aluminium, titanium and magnesium, have a low atomic weight. They are cast into components for many engineered products, including automotive and aerospace parts. As a result, the industry's largest downstream markets are motor vehicle manufacturers and aerospace manufacturers. The industry is moderately concentrated, with only three firms – Montupet (UK) Ltd, Ryobi Aluminium Castings (UK) Ltd and Howmet Ltd – holding market shares greater than 10%.
The Motor Vehicle Manufacturing industry (IBISWorld report C29.100) has grown strongly since the economic downturn. This has been largely a result of increasing export volumes to developing countries. Jaguar Land Rover has led this trend with great success, which has encouraged others to follow suit... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a medium level of concentration. In 2016-17, the four largest firms are estimated to account for 51.1% of industry revenue. The industry is populated by a large number of firms with small-scale operations that serve niche markets. According to latest data released by the Office for National Statistics, approximately 50% of the enterprises operating in the industry employed fewer than 10 people in 2016. However, industry concentration has grown over the past five years as the industry has consolidated. The number of enterprises is expected to fall at a compound annual rate of 0.9% over the five years through 2016-17, while industry revenue is expected to grow over the same period.
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