The market is dominated by domestic suppliers, as imports account for 38.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 95.6% of total demand in 2023. The US has the largest market size for engines and turbines, except aircraft, vehicle and cycle engines across the top 20 developed countries, with demand reaching USD29.1 billion in 2023. Brunswick Corp is the largest company in the US, generating 9.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 32.1% of total production value in 2023. The total number of companies increases in 2023, to 1,489 units. The costs of the industry increase by 6.3% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 14.5% of production value in 2023, the second highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 23.4% of total production output. With production value of USD29.3 billion, the US accounts for 95.5% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in the US: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in the US: ISIC 2911 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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