In gear: Industry growth is expected to slow down, although performance is likely to remain robust

The Engine and Turbine Manufacturing industry has endured a period of turbulent operating conditions in recent years. Despite a global effort to decarbonise the global supply chain as downstream industrial firms attempt to align with emissions reduction targets, which has ultimately supported demand for energy-efficient turbines, import penetration has remained at unprecedented levels throughout the past five-year period and blighted industry growth. Meanwhile, tough trading conditions in global industrial markets have resulted in severe volatility in the industry's performance. Over the five-year period through 2018-19, revenue is forecast to increase at a compound annual rate of 4.7%, largely driven by recent buoyancy in pan-European and transatlantic industrial markets...read more.

Industry Statistics & Market Size
Revenue
£9.1bn
Annual Growth 14-19
4.7%
Forecast Growth 19-24
Profit
Employment
30,962
Businesses
313

Industry Threats & Opportunities

  • Buoyancy in foreign markets and the weaker pound have driven export and overall revenue
  • Exports have benefited from eurozone growth, though the industry faces strong competition
  • Improving global economic conditions, combined with the weaker pound, are expected to boost exports
  • Industry Report - Industry Key Buyers Chapter

    The Engine and Turbine Manufacturing industry has a low level of market share concertation. The three largest engine and turbine manufacturers in the United Kingdom –Cummins, Perkins Engines Company and Siemens Industrial Turbomachinery – are estimated to hold a combined market share of 36.3% in 2018-19. Meanwhile, IBISWorld estimates that all other operators in the industry account for an independent market share of less than 1%.The industry consists of several small-scale manufacturers that specialise in particular niche engine and turbine products, such as Britwind, or manufacture-to-order in line with clients' bespoke requirements. According to the Office for National Statistics, 77.4% of industry manufacturers employed less than 10 people in 2017, while 64.2% e...purchase to read more.

    Additional Insights for the Engine & Turbine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engine & Turbine Manufacturing Industry are

  • Access to highly skilled workforce
  • Ability to accommodate environmental requirements
  • Access to the latest technology and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from electricity production and Industrial production index in the Engine & Turbine Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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
  • Industrial engines
  • Engine and turbine parts
  • Gas and steam turbines
  • Wind turbines
  • Hydraulic turbines
  • Other engines and turbines
  • Industry Activities
  • Piston and piston ring
  • Carburettor production
  • Inlet valve and exhaust valve
  • Rail and marine engine
  • Wind turbine
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from electricity production
  • Industrial production index
  • Real effective exchange rate
  • Business capital expenditure
  • World price of steel

  • Current Performance
  • Turbulent flow
  • Global competition
  • Renewable energy
  • Chart: Revenue Growth

  • Industry Outlook
  • Propelling growth
  • Global market
  • Research and development
  • Table: Engine & Turbine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engine & Turbine Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining, Quarrying & Construction Machinery Manufacturing
  • Shipbuilding
  • Electricity Production
  • Renewable Electricity Generation

  • Key Selling Industries
  • Bearing & Gear Manufacturing
  • Iron & Steel Manufacturing
  • Machinery Repair & Maintenance

  • Products & Services
  • Industrial engines
  • Engine and turbine parts
  • Gas and steam turbines
  • Other engines and turbines
  • Wind turbines
  • Hydraulic turbines
  • Chart: Engine & Turbine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial
  • Utility
  • Agricultural and construction
  • Chart: Major Market Segmentation for the Engine & Turbine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Engine & Turbine Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engine & Turbine Manufacturing Industry

  • Industry Globalization
    Cummins Ltd, Perkins Engines Company Ltd,
  • Table: Cummins Ltd - financial performance
  • Table: Perkins Engines Company Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engine & Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Engine & Turbine Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brent Crude
  • Trading classification of light, low-density and low sulphur content crude oil that serves as a benchmark price for purchases of oil worldwide.
  • Ccgt
  • Combined-cycle gas turbine (CCGT) plants produce electricity from gas turbines and then use the waste heat generated to run a steam turbine.
  • Internal Combustion Engine
  • An engine that extracts energy from a fuel, such as gasoline, through combustion.
  • Piston
  • A moving component generally found in engines that is contained by a cylinder and is made gas-tight by piston rings.
  • Turbine
  • A turbine is a rotator engine that turns energy in the form of flowing fluid (i.e. water or air) into another form of usable energy (i.e. electricity).
  • What Our Customers Say

    Why buy this report?

    The Engine & Turbine Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engine & Turbine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engine & Turbine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engine & Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?

    clear