The market is dominated by domestic suppliers, as imports account for 28.2% of total market size in 2020. B2B drives market demand, with B2B spending representing 95.2% of total demand in 2020. The US has the largest market size for engines and turbines, except aircraft, vehicle and cycle engines across the top 20 developed countries, with demand reaching USD28.0 billion in 2020. United Technologies Corp is the largest company in the US, generating 17.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 45.4% of total production value in 2020. The total number of companies increases in 2020, to 1,405 units. The costs of the industry decrease by 11.3% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 13.9% of production value in 2020, the second highest across the top 20 developed countries. With production value of USD30.4 billion, the US accounts for 96.1% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Engines and Turbines, except Aircraft, Vehicle and Cycle Engines in the US: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, except Aircraft, Vehicle and Cycle Engines in the US: ISIC 2911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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