The market is dominated by domestic suppliers, as imports account for 45.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 100% of total demand in 2020. The UK has the eighth largest market size for industrial and laboratory furnaces in the region, with demand reaching USD271 million in 2020. Cambridge Vacuum Engineering Ltd is the largest company in the UK, generating 7.9% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 29.5% of total production value in 2020. The total number of companies decreases in 2020, to 537 units. The costs of the industry decrease by 12.6% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 26.3% of production value in 2020, the highest in the region. The industry’s exports share decreases in 2020 to 66.3% of total production output. With production value of USD425 million, the UK accounts for 5.3% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in the UK: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in the UK: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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