Machine Tool Wholesaling in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Cutting into growth: Inflationary pressures are holding back profit growth in 2022-23

Machine tools wholesalers' revenue largely flows in tandem with the wider level of construction activity and industrial production, which is cyclical in nature. Since wholesalers import a hefty share of their products from abroad, they're susceptible to fluctuations in the exchange rate and global supply chain disruptions. COVID-19 and the subsequent public health measures led to a sharp fall in manufacturing output, while squeezed budgets subdued business expenditure, reducing demand for machine tools. The lifting of restrictions has led to some recovery in manufacturing output, although ONS data for December 2022 revealed production remains below pre-pandemic levels. That's why industry-wide revenue is expected to contract at a compound annual rate of 0.4% to £2.1 billion over the five years through 2022-23.

Firms in this industry sell machine tools that are used to cut, join or form metal and other rigid materials.

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.