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.
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).
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.