A select few are grabbing all the growth in the UK Electrical Contractors industry
A new study by Plimsoll Publishing has identified a group of 124 emerging companies in the UK Electrical Contractors industry. In the last year, these companies have increased sales by an average of 19% and are taking further control of the market in 2012.
Over the last two years, growth in the market has been sporadic, averaging -5% two years ago and -3% last year. However, these high growth companies have managed to grow much faster.
The first table highlights how they are grabbing market share at the expense of the rest.
Of the 1000 companies analysed in the analysis, 186 were found to be suffering the consequences of these high growth companies. They saw their own sales fall, on average by -18% in the same period.
David Pattison, author of this new market study states: "This is absolute evidence that whatever growth there is in the market is being captured by a select group of companies."
So what have these companies been doing to create this growth? Pattison offers this explanation: "It's clear that the market is changing. The revenue and growth streams that companies took for granted a couple of years ago have changed. Frankly, it's the one question that we all want to know the answer to, 'Where is the market heading?' These 124 winning companies seem to have the best idea.”
Despite concerns to the contrary, this is not just a case of larger companies forcing out their smaller competitors. As the second table shows, growth is still being achieved by a number of small, innovative companies (as well as some of the majors).
The new Plimsoll Analysis provides a full financial analysis on the Top 1000 companies in the UK Electrical Contractors industry. Their full financial performance over the last four years is presented in the publication. The analysis is designed for the busy manager who needs to spot trends in the overall market, identify and understand threatening competitors. For those looking for quick growth, the analysis can also be used to seek out acquisition prospects.
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