Industry Statistics and Rankings
How does this industry perform in Lithuania compared to Europe?
Country Benchmarking
Industry Data Lithuania
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#26 In EuropeBusiness
#29 In EuropeEmployees
#33 In EuropeWages
#27 In EuropeEngine and turbine manufacturers’ sales depend on the level of demand for utilities, industrial production activity, the world price of steel and European business investment. Gas turbines are crucial inputs into combined-cycle gas turbines (CCGT), while wind turbines are needed to produce fuel across Europe. Order volumes are also affected by the real effective exchange, given the importance of exports. When the Euro depreciates, engines and turbines made in Europe become more internationally competitive, boosting export demand and dragging up revenue, though this is typically a lagged effect.
Enterprises
Number of businesses in 2024
Biggest companies in the Engine & Turbine Manufacturing in Lithuania
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Engine & Turbine Manufacturing in Lithuania industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Engine & Turbine Manufacturing industry in Lithuania in 2024?
The market size of the Engine & Turbine Manufacturing industry in Lithuania is €34.6m in 2024.
How many businesses are there in the Engine & Turbine Manufacturing in Lithuania industry in 2024?
There are 2 businesses in the Engine & Turbine Manufacturing industry in Lithuania, which has declined at a CAGR of 7.8 % between 2019 and 2024.
Has the Engine & Turbine Manufacturing industry in Lithuania grown or declined over the past 5 years?
The market size of the Engine & Turbine Manufacturing industry in Lithuania has been declining at a CAGR of 9.3 % between 2019 and 2024.
What is the forecast growth of the Engine & Turbine Manufacturing industry in Lithuania over the next 5 years?
Over the next five years, the Engine & Turbine Manufacturing industry in Lithuania is expected to grow.
What does the Engine & Turbine Manufacturing in Lithuania include?
Parts for engines with compression ignition and Turbines are part of the Engine & Turbine Manufacturing industry.
How competitive is the Engine & Turbine Manufacturing industry in Lithuania?
The level of competition is moderate and steady in the Engine & Turbine Manufacturing industry in Lithuania.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture internal combustion piston engines, including marine and railway engines and engine components. They also produce steam turbines and other vapour, hydraulic, wind and gas turbines, but not motor vehicles, aircraft engines or generator sets.
Related Terms
TURBINEINTERNAL COMBUSTION ENGINEPISTONCombined-Cycle Gas Turbines (Ccgts)What's included in this industry?
Parts for engines with compression ignitionTurbinesParts for engines with spark ignitionEngines for water and rail vehicles and industrial enginesCompanies
Industry Code
2811 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines in Lithuania
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Engine & Turbine Manufacturing in Lithuania industry?
Outlook
Analysis
What's driving the Engine & Turbine Manufacturing in Lithuania industry outlook?
Volatility
Analysis
What influences volatility in the Engine & Turbine Manufacturing in Lithuania industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Engine & Turbine Manufacturing in Lithuania industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Turbine sales drop despite investment in renewable energy growing. Sales of combined-cycle gas turbines (CCGTs) have increased as Europe invests in boosting CCGT capacity, but orders of European wind turbines have still dipped recently.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Engine & Turbine Manufacturing in Lithuania industry's products and services performing?
Analysis
What are innovations in the Engine & Turbine Manufacturing in Lithuania industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Engine & Turbine Manufacturing in Lithuania industry?
International Trade
Highlights
- Total Imports into Lithuania
- Total Exports into Lithuania
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
No manufacturer holds significant sway over the market. Even though the industry includes several major international corporations, like Siemens Energy and MAN Energy Solutions, medium-size companies producing specialised engine and turbine parts dominate the market.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Engine & Turbine Manufacturing in Lithuania located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must abide by EU emission regulations. The Non-Road Mobile Machinery regulations (passed on 5 July 2016) necessitate that industrial engines emit significantly fewer nitrogen oxides and considerably reduce soot particle emissions.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Engine & Turbine Manufacturing in Lithuania industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Manufacturers protect their profit by passing on rising costs. Despite a hike in world steel prices, profitability has remained strong thanks to manufacturers offloading cost inflation by upping their prices. Many also entered into fixed-price supply contracts.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Engine & Turbine Manufacturing in Lithuania industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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