The market is dominated by foreign suppliers, as imports account for 86.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 89.6% of total demand in 2022. The UK has the sixth largest market size for machine tools regionally, with demand reaching USD3.5 billion in 2022. Yamazaki Mazak UK Ltd is the largest company in the UK, generating 21.0% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 54.5% of total production value in 2022. The total number of companies decreases in 2022, to 2,025 units. The costs of the industry decrease by 6.3% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 22.5% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 77.4% of total production output. With production value of USD1.8 billion, the UK accounts for 2.4% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Machine Tools in the United Kingdom: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in the United Kingdom: ISIC 2922 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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