Plimsoll analysis reveals healthy market growth in 2002

Citation

(2002), "Plimsoll analysis reveals healthy market growth in 2002", Aircraft Engineering and Aerospace Technology, Vol. 74 No. 3. https://doi.org/10.1108/aeat.2002.12774caf.002

Plimsoll analysis reveals healthy market growth in 2002

Keywords: Aircraft industry, Growth, Companies

The UK Aviation Equipment market is set to grow at a healthy 2.6 per cent in 2002, according to a just published analysis from Plimsoll.

This will only be good for some, as this growth will not be seen across the entire industry. Studying the latest figures from the largest 502 companies in the Aviation Equipment industry, market analysts Plimsoll revealed that over a third of the industry may not see growth at all and could lose 13.1 per cent of sales on average this year.

Adding to their distress over half of these companies saw profits fall in 2001 and almost 29 per cent are currently loss making. Despite these factors very few reduced staff and only 52 per cent made attempts to reduce their asset base.

So who is set to keep grabbing market in 2002? Plimsoll's First Edition names 153 companies that shared an astonishing 17.2 per cent growth last year. Within this group an exciting 38 companies individually increased sales by a minimum of 45.5 per cent last year! Many of these high growth companies are quite large. In fact, 9 of them make up part of the largest 100 companies in the UK Aviation Equipment industry.

Plimsoll has named some of the highest market share earners. Listed in Table I are the current top 9 in the Aviation Equipment industry.

Fortunes will certainly change in the coming year as competitive pressure grows to secure market share. In analysing the largest 502 players in the Aviation Equipment industry through the graphical Plimsoll Model, the individual strengths and weaknesses of every company are revealed.

Per cent growth	Company
238.7	Smiths Group plc
71.7	Umeco plc
77.4	Hyde Aero Products Ltd
95.00/0	R F Saywell Ltd
65.2	MB Aerospace Ltd
54.5	Trim Engineering Ltd
63.9	Percival Aviation Ltd
105.5	Executive Jet Support Ltd
74.3	Revilo U K Ltd
(Order of listing corresponds to overall size of company, largest to smallest.)

Table I

David Pattison, senior analyst at Plimsoll, "I don't think directors realise how necessary it is to know how other companies in the market are performing. Quite honestly every director must factor in competitive behaviour into their own company thinking. Plimsoll hopes to put this revealing information in the hands of the decision maker."

Priced at £305 this comprehensive 582-page publication reveals to busy managers easy to spot trends in performance over the last 4 years. Order this publication now by calling Plimsoll on +44 (0) 1642 626400 and receive a 5 per cent discount and free next day delivery. http://www.plimsoll.co.uk .

Details available from: Plimsoll Publishing Ltd. Tel: +44 (0) 1642 626400; Fax: +44 (0) 1642 626410; E-mail: plimsoll@dial.pipex.com ; Website: http://www.plimsoll.co.uk