Industry Analysis & Industry Trends
Players in the industry manufacture a wide range of pumps. Import and export trends have a significant influence on the industry, as exports account for a major share of industry revenue and imports satisfy a large chunk of domestic demand. However, both import and export values are inflated by re-exports. Industry operators have weathered extremely challenging conditions over the past five years. Domestic demand is expected to have declined, fuelled by weak industrial production activity and a reduction in investment undertaken by firms in the oil and gas sector. However, improvements in construction activity and greater investment by electricity producers to replace ageing infrastructure are anticipated to stem the fall in domestic demand somewhat... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are moderate, but vary by segment. Competition from international players is high. Opportunities in niche markets exist, but having access to the latest technology, either in-house or through links with global suppliers, is important.
Industry operators manufacture a diverse range of products. In some segments, larger operators offer a varied range of products to meet the needs of customers. The ability to offer full solutions raises entry barriers.
Long-standing distribution networks between operators and customers serve as another barrier to entry. Additionally, import penetration in the industry is high, which makes the industry highly competitive. The.. purchase to read more