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Engine & Turbine Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Engine & Turbine Manufacturing Market Research Report | NAICS 33361a | Jun 2016

Full tank: Greater industrial, manufacturing and trucking activity will prompt growth

IBISWorld’s Engine & Turbine Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Operators benefited from strong export demand, with exports accounting for half of industry revenue
  • Increasing demand for engine and turbines overseas has driven growth
  • Manufacturers and industrial producers will demand more energy to produce goods
  • ... purchase to read more

Industry Analysis & Industry Trends

Despite plunging revenue during the recession, subsequent increases in demand have offset declines. In particular, continued strength in exports has contributed to the industry's growth. Moving forward, the industry is anticipated to continue growing despite lower export demand as the US dollar begins to appreciate. Domestically, renewed truck transportation will drive diesel engine sales, and demand from manufacturing is poised to gain traction in light of expected rising consumer spending... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Engine and Turbine Manufacturing industry has a medium level concentrated, with the three major players (General Electric, Caterpillar and Cummins) collectively accounting for roughly 39.0% of revenue. The industry's medium concentration is also exhibited by an analysis of the number of employees per establishment. Nearly 10.2% of industry establishments employ 500 or more workers. As a result of this high concentration, price competition is high with industry products are viewed by downstream markets as similar or homogenous.

Mergers and acquisitions have been driving consolidation and increasing concentration. In February 2011, General Electric (GE) bought energy infrastructure provider Dresser Inc. for $3.0 billion. Lik.. ... purchase to read more

Additional Insights for the Engine & Turbine Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engine & Turbine Manufacturing Industry are

  • Quickly adopting new technology
  • Using the latest technologies
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from truck transportation in the Engine & Turbine Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Engine & Turbine Manufacturing Industry?

    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 (see IBISWorld report 33361b).

    Industry Products
    Diesel engines for trucks, marine and other engine equipmentTurbines and turbine generators setsMechanical power transmission equipmentSpeed changers, drives and gearsNatural Gas Engines and other
    Industry Activities
    Manufacturing diesel, semidiesel and dual-fuel enginesManufacturing gas, steam and other turbines, generator sets and accessoriesManufacturing mechanical power transmission equipmentManufacturing speed changers, drives and gears

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from truck transportation
  • Private investment in industrial equipment and machinery
  • Electric power consumption
  • World price of steel
  • Current Performance
  • The importance of trade
  • Rising global electricity demand
  • Downstream demand trends
  • Profit and participation
  • Chart: Revenue Growth
  • Industry Outlook
  • Continued domestic growth
  • Superior technology and regulatory compliance will drive growth
  • Modest export growth
  • Profitability
  • Table: Engine & Turbine Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engine & Turbine Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Mining
  • Utilities
  • Construction
  • Manufacturing
  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Iron & Steel Manufacturing
  • Metalworking Machinery Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Products & Services
  • Diesel engines for trucks, marine and other engine equipment
  • Turbines and turbine generators sets
  • Natural Gas Engines and other
  • Mechanical power transmission equipment
  • Speed changers, drives and gears
  • Chart: Engine & Turbine Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
  • Trucking
  • Other forms of freight, heavy industry and agricultural machinery
  • Construction machinery manufacturing
  • Power generation
  • Energy efficiency and environmental regulations
  • Major Markets
  • Exports
  • Trucking and freight industries
  • Utilities and other electric power producers
  • US original equipment manufacturers
  • Chart: Major Market Segmentation for the Engine & Turbine Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Engine & Turbine Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engine & Turbine Manufacturing Industry
  • Industry Globalization
    Major Companies
    General Electric Company
    Caterpillar Inc.
    Cummins Inc.
  • Table: General Electric Company - financial performance
  • Table: Caterpillar Inc. - financial performance
  • Table: Cummins Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Engine & Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Engine & Turbine Manufacturing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World price of steel (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A motor that converts thermal energy to mechanical work.
  • Integrated Gasification Combined Cycle (Igcc)
  • A technology that turns coal into gas, removing impurities before it is combusted and attempting to turn any pollutants into reusable byproducts.
  • Original Equipment Manufacturers (Oems)
  • A manufacturer of products or components that are purchased by a company and then retailed under the purchasing company's brand name.
  • Turbine
  • A rotary engine in which the kinetic energy of a moving fluid is converted into mechanical energy by causing a bladed rotor to rotate.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engine & Turbine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engine & Turbine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engine & Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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