Pump manufacturing market in the United Kingdom to grow 3.7% CAGR between 2014-19
Pump Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-25 04:08:03
Players in the Pump Manufacturing industry manufacture a range of pumps. Trends in exports and imports have a significant influence on industry performance, as exports account for a major share of industry revenue (62.5% in 2013-14) and imports satisfy approximately 64.6% of domestic demand. However, both import and export values are inflated by re-exports. The industry has performed relatively well over the past five years despite the challenging economic conditions prevalent in the United Kingdom.
However, this was mainly due to the strong growth in exports, which were aided by the fall in the real effective exchange rate of the pound during many years of the period. The perception that UK-manufactured pumps are of superior quality also favourably influenced export levels. The diverse user base for pumps manufactured by industry participants, coupled with various regulations, also enabled industry revenue to grow over the period.
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