Industry Analysis & Industry Trends
The Machine Tool Wholesaling industry supplies a variety of machine tools to the manufacturing, construction, mining and forestry companies amongst others. Although the industry contracted significantly immediately before the five-year period through 2016-17, it was quick to recovery, benefiting from the revival of downstream manufacturing and construction sectors. The industry has also benefited from a number of major civil engineering projects, as well as strong growth in the residential construction sector over the past five years. This has been driven by an increase in house prices, which has drawn investment into residential housebuilding. Mining, oil and gas industries provided weak demand over the past five years, due to falling commodity prices... purchase to read more
Industry Report - Industry Locations Chapter
The West Midlands
As is the case with many wholesaling industries, the West Midlands is the most common location for Machine tool wholesalers. The region is expected to account for 17.9% of industry establishments, far above its 8.8% share of UK population. The area offers the most convenient location for wholesalers as its central position offers good access to a majority of UK regions, increasing a company's reach and improving delivery times. The West Midlands also offers a large pool of potential downstream customers, with a large proportion of the UK's manufacturers located in the region, or in the nearby North West of England.
The South East
The South East is another important region for the industry, accounting for an estimated 14.3% o.. purchase to read more