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Engine & Turbine Manufacturing in the US - Industry Market Research Report

  • May 2017
  • 38 pages
  • Ibisworld
Report ID: 499410


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Revved up: Increased spending on transportation will drive demand for industry products

Engine & Turbine Manufacturing in the US

The Engine and Turbine Manufacturing industry is dependent on trade, especially demand from exports, which account for nearly half of industry revenue. Although revenue recovered slightly early on in the five-year period, volatility in key downstream markets led overall revenue to trend downward over the five years to 2017. Over the five years to 2022, greater overall truck transportation in the United States will drive domestic diesel engine sales. Increased consumer spending will spur demand for freight and on-highway transportation. As one of the industry's largest customers, increased freight trucking leads to more sales of diesel engines. As industry revenue grows, manufacturing operators will be able to invest in industrial equipment and machinery. Over the five years to 2022, revenue is forecast to increase.

Operators in this industry manufacture turbines and equipment used for power transmission, such as generators, as well as diesel engines for highway vehicles and heavy-duty equipment. Parts and accessories are included, but wind turbines are excluded from this industry (see IBISWorld report 33361b).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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