Maintained performance: Strong demand from health care keeps the industry in good repair

The industry has performed well during the past five years. Revenue is estimated to increase at a compound annual rate of 3.3% over the five years through 2017-18. The key markets for operators are health-care providers, aviation and transportation industries, engineering companies and industrial firms. Rising demand for health-care services and improvements in aircraft maintenance, repair and overhaul (MRO) activity expanded demand for industry services. However, sluggish growth in industrial production activity constrained expansion. Growth in business capital spending during the first three years also curtailed growth, as many downstream firms replaced ageing equipment with new equipment, which requires less repair work and has longer service intervals...read more.

Industry Statistics & Market Size
Revenue
£767.1m
Annual Growth 13-18
3.3%
Forecast Growth 18-23
Profit
Employment
3,947
Businesses
348
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising demand for health-care services has supported growth over the past five years
  • Demand from firms engaged in vehicles emissions testing increased at the start of the period
  • Demand for aircraft maintenance and repair services is expected to rise over the next five years
  • Industry Report - Industry Investment Chapter

    The capital intensity of an industry is determined by comparing the human and equipment factors of production using wages and depreciation costs as proxies. High depreciation costs indicate a high level of investment in depreciable assets such as buildings and equipment, suggesting high capital intensity. Conversely, high wage costs demonstrate high labour intensity.The industry is characterised by a low level of capital intensity. In 2017-18, the capital-to-labour ratio is estimated to be 1:10.89. This indicates that for every £1.00 spent on capital, £10.89 will be spent on labour. Repair and maintenance services are labour-intensive, as they require highly skilled personnel to perform various tasks. How...purchase to read more.

    Additional Insights for the Electronic & Optical Equipment Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electronic & Optical Equipment Repair Industry are

  • Highly trained workforce
  • Maintenance of excellent customer relations
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Population aged 65 years and over in the Electronic & Optical Equipment Repair industry impact industry performance..

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    What's in this report

    What is the Electronic & Optical Equipment Repair Industry?

    Firms in this industry repair and maintain a range of measuring, testing and navigating equipment, such as aircraft engine instruments, surveying equipment, radiation detectors and monitoring instruments. They also deal with irradiation, electromedical and electrotherapeutic equipment such as MRI scanners and pacemakers; and optical instruments and equipment like binoculars and microscopes.

    Industry Products
  • Medical equipment repair and maintenance
  • Navigational and control equipment repair and maintenance
  • Optical equipment repair and maintenance
  • Industry Activities
  • Repairing aircraft engine instruments
  • Repairing automotive emissions testing equipment
  • Repairing meteorological instruments
  • Repairing magnetic resonance imaging scanners
  • Repairing medical ultrasound equipment
  • Repairing hearing aids and pacemakers
  • Repairing binoculars, microscopes and telescopes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Population aged 65 years and over
  • Demand from aircraft repair, maintenance and overhaul
  • Industrial production index

  • Current Performance
  • Health-care sector propels expansion
  • Other downstream conditions
  • Margins weaken
  • Chart: Revenue Growth

  • Industry Outlook
  • Medical sector propels expansion
  • Mixed trends
  • Potential problems
  • Table: Electronic & Optical Equipment Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electronic & Optical Equipment Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Scheduled Passenger Air Transport
  • Hospitals
  • Diagnostic & Ambulance Services

  • Key Selling Industries
  • General Insurance
  • Tool Manufacturing

  • Products & Services
  • Medical equipment repair and maintenance
  • Navigational and control equipment repair and maintenance
  • Optical equipment repair and maintenance
  • Chart: Electronic & Optical Equipment Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Health-care sector
  • Aviation and transportation industries
  • Industrial engineering firms
  • Industrial firms
  • Other
  • Chart: Major Market Segmentation for the Electronic & Optical Equipment Repair 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 Electronic & Optical Equipment Repair

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electronic & Optical Equipment Repair Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electronic & Optical Equipment Repair 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 Electronic & Optical Equipment Repair Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Endoscopy
  • A medical procedure that uses an instrument to examine an organ or cavity inside the body.
  • Meteorological Instruments
  • Equipment used to observe the atmosphere and predict the weather.
  • Mri Scanner
  • A machine used to record images of the human body for diagnostic purposes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electronic & Optical Equipment Repair market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Electronic & Optical Equipment Repair:
    • 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 Electronic & Optical Equipment Repair 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 Electronic & Optical Equipment Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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