The market is dominated by domestic suppliers, as imports account for 41.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.2% of total demand in 2022. The UK has the seventh largest market size for industrial and laboratory furnaces regionally, with demand reaching USD430 million in 2022. Cambridge Vacuum Engineering Ltd is the largest company in the UK, generating 5.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 21.9% of total production value in 2022. The total number of companies decreases in 2022, to 456 units. The costs of the industry decrease by 5.5% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 31.7% of production value in 2022, the second highest regionally. The industry’s exports share increases in 2022 to 57.3% of total production output. With production value of USD570 million, the UK accounts for 5.9% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in the United Kingdom: 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 United Kingdom: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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