Global Food and Beverage Manufacturing Supplier Industry Outlook Survey 2011–2012

New industry survey reveals that the majority of respondents are optimistic about their company’s revenue growth in 2011, on the back of steady revenue growth in the food and beverage industry since 2004.

London – July 22, 2011 – Survey results show that respondents are optimistic regarding the revenue growth of their companies in 2011. Growth in the industry has been strong since 2004 due to increased consumption and demand for healthier products. Although respondents are concerned about ‘cost containment’ and ‘market uncertainty’, they expect to generate growth in emerging regions such as China, India and the Middle East. Suppliers expect to increase their marketing budgets in line with buyer expectations, and new media marketing channels will dominate this investment.

China and India identified as top emerging regions for revenue growth
Both buyer and supplier respondents believe that China, India and the Middle East will provide the most growth potential in 2011, and Brazil and Eastern Europe were also identified as important emerging regions. In the case of developed regions, respondents expect the US, Germany, Australia, the UK, Canada, South Korea, and Singapore, Taiwan and Hong Kong to deliver the most growth potential in 2011.

Consolidation in the industry expected to increase in 2011
The majority of respondents expect increased consolidation in the food and beverage industry in 2011 as a result of the problems small companies have faced due to the global economic crisis. Valuations of small companies are increasingly attractive to larger companies, who can use consolidation to increase their market share. Consolidation can also help companies to reduce operational costs, optimize resources and attain economies of scale.

Buyers want suppliers to improve customer service, products and prices
Buyer respondents identified that they want suppliers to ‘improve customer service’, ‘innovate products’ and ‘reduce prices.’ These actions are vital for suppliers to gain contracts with buyers, and suppliers are focused on product innovation and development in order to meet buyer requirements and remain profitable and sustainable.

Suppliers to increase marketing budgets to win buyer contracts
As a result of buyer demands, suppliers’ marketing budgets are set to increase in 2011, and the average size of global, annual marketing budgets in the food and beverage industry are set to rise to over US$2 million. Large marketing budgets indicate that suppliers will use aggressive marketing campaigns in 2011 in order to win buyer business. This also indicates that there is increased confidence in the industry due to recovery after the global economic crisis.

New media will dominate marketing in 2011
Respondents identified that they plan to increase investment in ‘email and newsletters’, ‘corporate and brand websites’ and ‘online content sites’ in 2011. Global use of the internet is increasing in both developed and developing regions, and internet marketing is therefore a viable way to reach potential customers. It is also a relatively inexpensive method, as online marketing is cheaper than traditional forms of advertizing.

Respondents concerned about ‘cost containment’ and ‘market uncertainty’ in 2011
The majority of respondents highlighted that ‘cost containment’ was their company’s leading business concern in 2011, followed by ‘responding to pricing pressure’ and ‘market uncertainty.’ Increasing raw material costs, operating expenditure and transportation costs have led to concerns over cost containment, and companies plan to reduce costs at each stage of the processing chain.

Suppliers use marketing to acquire and retain customers and build brand awareness
The majority of respondents expressed that they use marketing for ‘customer retention’, followed by ‘customer acquisition’ and ‘brand building and awareness’, and these aims have not changed significantly since the 2009 and 2010 surveys. Regardless of company region or turnover, ‘customer retention’ emerged as the leading marketing aim. In line with this, respondents identified their key marketing amendments in 2011 as the need to ‘focus sales efforts on generating new business’ and ‘focus sales efforts on existing markets.’

To purchase the full version of this report, ‘Global Food and Beverage Manufacturing Supplier Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Marketing Spend and Sales Strategies,’ please click here.


About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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UK Construction Equipment Industry Forecast to 2015

The UK market is characterized by innovation, quality, highly favorable market conditions and strong government support for businesses. Market growth is expected to be boosted by a number of construction and infrastructure projects such as the London 2012 Olympic Games.

London – July 20, 2011 – From 2005 to 2009, the turnover of the UK construction equipment market recorded a Compound Annual Rate of Change (CARC) of -10.08%, largely due to increasing national credit restrictions and a decrease in construction activity. However, the construction equipment market is expected to improve between 2010–15 (the forecast period) due to increased construction activity and upcoming infrastructure projects to support the 2012 London Olympic Games.

With a 43.7% share, the material handling equipment category was the largest category in the market in 2009. Earth-moving equipment also accounted for almost half of the value of market exports over the review period. However, tunneling and drilling equipment is forecast to witness the fastest category export growth of over 10% during the forecast period.

Decreasing turnover
Over the review period, the turnover of the UK construction equipment market recorded a CARC of -10.08%, largely due to increasing national credit restrictions and a decrease in construction activity. In 2009, the turnover of the construction equipment market stood at US$5.0 billion, which represented an annual decline of over 40%. During 2008–09, the UK economy was negatively affected by the unstable global financial market and, in the third quarter of 2008, it officially entered a recession. This economic instability limited the performance of the construction industry during 2009. However, the construction equipment market is expected to improve throughout the forecast period due to increased construction activity and upcoming infrastructure projects to support the 2012 London Olympic Games.

Material handling equipment the largest category in the market
With a 43.7% share, the material handling equipment category was the largest category in the market in 2009. Over the review period, the category registered a CARC of almost -10%, and valued at over US$2 billion in 2009. As a result of a recovery in construction activity, the category is expected to record solid growth during the forecast period, to value of over US$3 billion in 2015. The earth moving equipment and concrete equipment categories recorded the second and third largest turnovers.

Positive impact from the Olympic Games
The growth of the UK construction equipment market is expected to be supported by ongoing construction and infrastructure projects during the forecast period, including projects associated with the London 2012 Olympic Games. The construction of sports stadiums, accommodation facilities and other key sites is expected to cost a total of US$6.3 billion.

Innovative market
UK construction equipment companies have been integral to key developments in equipment, product design, and technical innovation, while the Construction Equipment Association (CEA) and UK Trade & Investment continue to ensure the quality of equipment production. Moreover, many leading construction equipment brands, such as JCB, Terex, Komatsu, and Caterpillar, operate in the UK due to its transparent trade policies. Furthermore, many non-European companies are also attracted to the UK because of its highly favorable market conditions and strong government support for businesses. The CEA also provides strategic help and support to businesses, helping them to overcome trade barriers and break into new markets.

Earth moving equipment accounts for almost half of all exports
The value of construction equipment exports in the UK stood at over US$4 billion in 2009, following a substantial annual decrease. The value of construction equipment exports recorded a CARC of -6.61% over the review period. Earth moving equipment accounted for almost half of the value of market exports over the review period. However, tunneling and drilling equipment is forecast to witness the fastest category export growth of over 10% during the forecast period.

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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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The Global Armored Vehicles and Counter IED Vehicles Market 2011–2021

In 2011, the global armored vehicles and counter IED vehicles market valued over US$25 billion. However, the market is expected to decline from 2011–2021 as military operations in Afghanistan and Iraq are expected to end in this period. In line with this expectation, the market value is expected to fall by around US$1 billion by 2021, with a cumulative value of over US$250 billion from 2011–2021.

London – July 19, 2011 – The global armored vehicles and counter IED vehicles market is expected to record decline from 2011–2021 due to the end of military operations in Afghanistan and Iraq. As a result of Western austerity and high levels of fiscal debt in the West, defense modernization plans have overwhelmingly been postponed to contain fiscal expenditure. In Asia, defense expenditure and modernization is set to increase due to China’s large defense expenditure increase and territorial disputes within the region. However, despite North America’s high levels of fiscal debt, this region will constitute the largest share of the global market from 2011–2021.

North America to constitute largest market share
Despite the high fiscal deficit of North American countries, from 2011–2021 these nations will constitute over 30% of the global armored vehicles and counter IED vehicles market, which is the largest market share. Europe is expected to account for around a quarter of market share from 2011–2021, but demand for armored vehicles in this period will decline. In contrast, Asia will increasingly require armored and counter IED vehicles to combat territorial disputes and to cater to the large troop size of regional forces. Additionally, soaring oil prices and economic development in the Middle East will increase demand for armored vehicles from 2011–2021, and the discovery of oil and mineral resources in Africa, along with ethnic and territorial disputes, will increase demand for armored vehicles in this region. Although South American countries plan to modernize their armed forces, this modernization is only expected for air and navy forces, and therefore demand for armored vehicles in this region is expected to decline from 2011–2021.

Infantry fighting vehicles (IFV) and armored personnel carriers (APC) account for largest market share
Collectively, IFVs and APCs are expected to account for the largest share of the global armored vehicles and counter IED vehicles market from 2011–2021. Increasing global troop sizes and overseas operations are expected to increase demand for tactical trucks and light multirole vehicles (LMV). However, the end of military operations in Afghanistan and Iraq, coupled with the integration of mine protection technology in all other classes of vehicles, will result in mine resistant ambush protected (MRAP) vehicles contributing just over 5% to the global market from 2011–2021. Increasing global demand for armored and counter IED vehicles will come from overseas peacekeeping missions, territorial disputes, military modernization programs and internal insurgencies faced by some countries.

Technological innovations enhance capabilities of armored vehicles
Modern armed forces must keep up with technological advances and changes to threats, terrains and tactics in order to effectively cater to modern warfare. This has forced many militaries to modernize their fleets with technology to ensure survivability, connectivity, mobility and lethality. Armed forces must balance protection, payload and performance with improved vehicle efficiency while inventing ways to reduce operational and through-life support costs.

Western austerity to encourage consolidation
Defense cuts by Western governments, combined with the high cost of developing technologically superior weapons platforms, have encouraged consolidation amongst governments, services and industries. This has led to domestic and international consolidation through joint development and procurement programs, which are expected to continue from 2011–2021.

Modernization delayed in Europe but increasing in Asia
European countries such as the UK, France, Germany and Spain have postponed defense modernization due to the recent economic crisis, which resulted in high levels of fiscal debt. As a result, European countries have postponed modernization plans to contain fiscal expenditure and are exploring options for joint procurement and equipment development.

However, defense modernization in Asia, which primarily consists of India, China, Japan and South Korea, is leading to an increase in global defense capital expenditure. China’s significant increase in defense expenditure has led to an imbalance of power in Asia, and other Asian countries have been forced to increase their defense expenditure. The alleged nuclear aspirations of North Korea and territorial disputes between Thailand, Malaysia and Singapore also contribute to enhanced defense expenditure and modernization in Asia.

To purchase the full version of the report, ‘The Global Armored Vehicles and Counter IED Vehicles Market 2011–2021,’ please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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Finnish Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015

Finnish defense expenditure is set to increase as a result of its international peacekeeping missions, modernization plans, and the perceived threat from Russia.

London – 18 July 2011 - Although Finland faces a low threat from terrorism and is ranked at number 132 on the ICD Research Terrorism Index, its homeland security expenditure is also set to increase due to human trafficking and the drug trade. While Finland does not meet NATO standards for defense expenditure, it is one of the world’s largest arms exporters, and it provides a favourable business environment for foreign companies.

Finnish defense expenditure to increase in forecast period
Finnish defense expenditure grew at a compounded annual growth rate (CAGR) of nearly 6% in the review period, and is expected to continue to grow at a CAGR of nearly 4% in the forecast period, to reach a value of approximately US$4.5 billion by 2015. Growth is expected as a result of Finland’s participation in international peacekeeping initiatives, its modernization plans, and the perceived security threat from Russia. This growth is expected to be faster than many of Finland’s neighbouring European countries, such as Germany, France, the UK and Sweden.

In the review period, the Finnish government allocated just over 60% of its defense budget towards revenue expenditure and nearly 40% was spent on procurement and equipment. The government is planning to reduce troop numbers by approximately 100,000, and therefore the share of capital expenditure in the defense budget is expected to increase to roughly 40%.

Homeland security will also record growth in the forecast period, as a result of increased criminal activity, the illicit drug trade and human trafficking. Despite registering a CARC of just over -3.5% in the review period, homeland security expenditure is expected to increase at a CAGR of nearly 3.75% and reach a value of just over US$2 billion.

Peacekeeping, modernization and security threats drive defense growth
Finland has over 1,000 personnel participating in nine different peacekeeping roles around the world, in conjunction with the European Union (EU), the United Nations (UN) and the North Atlantic Treaty Organization (NATO), amongst others. The majority of these troops are deployed in Bosnia-Herzegovina, Kosovo and Afghanistan.

Much of Finland’s defense equipment is obsolete due to neglect during the past decade, but active operations in peacekeeping missions require modern and advanced defense systems, including fighter aircraft and air surveillance systems. Despite modest defense budget growth, Finland is expected to allocate a greater percentage of is defense budget on capital expenditure in the forecast period in order to modernize its equipment.

Despite the fact that Finland enjoys peaceful diplomatic relations with Russia, it perceives Russia as a security threat because of their violent relations before 1991. This suspicion was enhanced in 2005 when Finland became aware that Russia had illegally entered its airspace more than 10 times.

Finland does not meet NATO defense expenditure standards
Unlike the US and China, which dominate global defense expenditure, Finland spends a relatively small amount on its defense budget, and this is also lower than most European countries, such as Germany, France, Spain and the UK.
Also, as Finnish defense expenditure constitutes just over 1.5% of its gross domestic product (GDP), it does not meet NATO standards that defense expenditure in member countries must constitute 2% of national GDP. By 2015, Finland’s defense expenditure as a percentage of GDP is expected to reach 1.56%, which indicates slow progress towards NATO standards.

Finland is top exporter in global arms market
Despite the fact that Finland’s defense imports and exports declined in 2009, it was ranked as the twentieth largest exporter of arms in the world during the review period. Finland’s primary defense exports are ships and armored vehicles, and Poland is the largest consumer of Finnish defense exports with a share of nearly 35%, followed by Egypt with approximately 30%, and Croatia with just over 20%. In the forecast period, exports are expected to increase to support European military operations in Iraq and Afghanistan.

From 2006–09, Sweden held the largest share of Finnish imports, with nearly 35%, followed by Switzerland with just over 15% and France with roughly 12%. This changed in 2009 when France and Italy became the largest suppliers and each held a 30% share of the Finnish import market. In the forecast period, imports are expected to grow as Finland attempts to modernize its military and purchases military equipment from other countries.

Favorable business environment
The Finnish government allows full ownership by foreign companies attempting to enter its defense industry and also encourages partnerships between domestic and foreign defense companies. It also requires a 100% offset value for all contracts with foreign companies exceeding US$13 .3 million, so that 100% of any contract value is pumped back into the Finnish economy. The main objective of this offset policy is to enhance Finland’s technological capabilities, and preference is given to defense related offsets.

If you wish to purchase the full version of this report, ‘Finnish Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015,’ please click here.

About Industry Review:

Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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For more information on the article, please contact:
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shelly.wills@industryreview.com

The Canadian Mining Sector – Market Opportunity and Entry Strategy, Analyses and Forecasts to 2015

Canada is a key global mining nation, and along with many other industries, it suffered during the world financial crisis. A recovering global economy, continued investment in exploration and the emergence of new export destinations are, according to ICD, expected to contribute to the renewed growth of Canada’s mining industry.

London – July 15, 2011 – Canada is a mineral-rich country with substantial reserves, and Canada’s mining industry accounts for a significant proportion of global mineral production. It is the world’s leading producer and exporter of potash, and is a global top ten producer of uranium, iron ore, gold, nickel and copper.

The global economic crisis had a profound impact on the Canadian mining industry, resulting in a decline in its overall mineral production value in 2009. Collapsing mineral and metal prices, and uncertainty about the economic outlook, resulted in mine closures, production cutbacks and reduced exploration budgets. Despite these problems, Canada continued to be the world’s primary destination for exploration capital, accounting for 16% of global spending in 2009.

Barring further economic problems, 2010 is expected to see growth in Canadian mineral production, in both value and volume terms.

Canada’s mining industry to grow during 2010–15
The recent global economic downturn resulted in a decline in both mineral production and commodity prices, leading to a 9.6% decline in mineral production value in 2009. Collapsing mineral and metal prices and uncertainty about the economic outlook resulted in mine closures, production cutbacks and slashed exploration budgets.

However, with the revival of the global economy and the expansion of key domestic and foreign end-markets such as infrastructure, construction, agriculture, power and jewelry, the growth of Canada’s mining industry is expected to be robust.

In volume terms, non-metallic minerals will continue to dominate Canada’s production with an 80% share, followed by coal and metallic minerals. Coal was Canada’s top valued mineral with a total share of 14% in 2009, followed by potash, gold, iron ore, copper and nickel.

Canada continues to spend on mineral exploration
Despite a drop in mineral exploration spending in 2009, Canada remains a leader in mineral exploration, with 16% of the global spend. The largest proportion of this spend was on exploration for precious metals, followed by coal, uranium and diamonds.

This consistent exploration spend, combined with the development of modern geological mapping data, will add significantly to Canada’s proven and probable mineral reserves, resulting in the growth of the mining industry.

Sustained interest expected in Canada’s mining equipment market
Canada’s mining equipment market is expected to grow from US$2.9 billion in 2010 to US$4.0 billion in 2015, representing a CAGR of 6.5%. The discovery of more mineral deposits in Canada bodes well for the mining equipment industry, as many new mines are expected to become operational in the years to come.

Canada offers an encouraging mining investment climate
Over the past few years, Canadian mining investment indices have outperformed their counterparts in other geographical regions. Foreign mining companies from Europe, Australia, the US, Africa and China have continued to obtain direct listings or public offerings of Canadian holding companies.

The Toronto Stock Exchange (TSX) is home to the world’s largest mining companies and lists more than 50% of the world’s public mining companies. The Canadian mining industry has a strong international focus, which is evident from the activities of TSX-listed mining companies, which, globally, had over 9,300 mineral projects in various stages in 2009, of which 51% were located in Canada.

During the period 2004–08, TSX handled over 30% of the world’s mining equity, an indication of TSX’s strong appeal to mining operators and one of the principal reasons for Canada’s position as a world leader in the exploration business.

China emerging as an export destination for Canadian coal
Canada’s mineral industry is export oriented, and the US is one of the main destinations for exported Canadian minerals. Around 62% of Canada’s total metal exports are to the US; primarily iron and steel, aluminum, copper and nickel. In the non-metallic sector, nitrogen and potash are key commodities exported to the US market. The European Union is also an important destination for Canadian gold, nickel, iron ore, uranium and diamonds.
ICD research suggests, however, that countries such as China and India will emerge as important end markets for Canadian mineral exports, driven by increasing demand in these regions.

Foreign uranium investment restrictions to be liberalized
Existing government policy restricts foreign investors from acquiring more than a 49% interest in uranium mining projects. In March, 2010, however, the government announced that it intends to liberalize these regulations to avoid hampering the growth of the sector. The proposal is expected make the government’s policy on foreign ownership in this sector consistent with the recent amendments to the Investment Canada Act.

To purchase the full version of the report, “The Canadian Mining Sector – Market Opportunity and Entry Strategy, Analyses and Forecasts to 2015,” please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

For more information on the article, please contact:
Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com

Malaysian Construction Equipment Industry Forecast to 2015

Despite an annual decline of over one-third in turnover in 2009, the construction equipment industry is expected to grow strongly during 2010-15, in line with growth in the Malaysian construction industry. Turnover of the construction equipment market is expected to almost double between 2009 and 2015. Government economic stimulus spending will be a key driver of this growth.

London – 14 July 2011 – The Malaysian construction industry is largely dependent on imports of construction equipment, despite its relatively well-developed domestic manufacturing industry. The Malaysian construction equipment market consists of both domestic manufacturers and major foreign companies.

Of all equipment categories, concrete equipment is expected to experience the strongest growth during the forecast period, while other categories will also experience strong growth.
Construction equipment industry overview

In 2009, the turnover of the construction equipment market stood at US$246.4 million following an annual decline of over one-third. This was due to a fall in domestic consumption during the recent global financial crisis and a fall in demand in major export destinations, such as the US. However, the construction equipment market is expected to improve throughout the forecast period as a result of government stimulus packages. A feature of these stimulus packages is increased infrastructure spending, which will boost demand for construction equipment from government contractors. By 2015, the Malaysian construction equipment market is expected to be worth almost US$470 million.

Increased domestic infrastructure expenditure
To counteract the negative effects of the recent global financial crisis on its economy, the Malaysian government announced a stimulus package worth US$2.0 billion, approximately 1.0% of its GDP, in November 2008. The construction industry received a major share of this package, as the government plans to construct 25,000 low- and mid-income housing units and upgrade police stations, army camps and living quarters, schools, hospitals, roads in rural areas and other public amenities such as community halls and bridges. Communications infrastructure also received a significant share of the investment package, as the government is keen to encourage a knowledge-rich economy. Increased infrastructure spending will boost demand for construction equipment from government contractors. Following this, other stimulus packages have been announced by the Malaysian government, further expected to impact the construction equipment industry.

Dependent on imports
The Malaysian construction industry is largely dependent on imports of construction equipment, despite its relatively well-developed domestic manufacturing industry. Between 2005 and 2008 equipment imports accounted for approximately three-quarters of overall consumption until 2008, before reaching a high of over 80% in 2009.

Market competitors
The Malaysian construction equipment market consists of both domestic manufacturers and major foreign companies. While certain foreign firms, such as Hitachi and Volvo, have joint ventures and subsidiaries in the country, others have market presence only through dealerships and distributors. The leading manufacturers in the Malaysian construction equipment market include Caterpillar (Tractors Malaysia), Favelle Favco, Hino, Hitach, Isuzu, Kobelco, Kato, Nissan and Sumitomo.

Concrete equipment to experience the strongest growth
The concrete equipment category is expected to experience the strongest growth in the Malaysian construction equipment sector from 2010-15, at a CAGR of almost 18%. Material handling equipment, earth moving equipment, road construction equipment and construction vehicles will also experience strong growth.

To purchase the full version of the report, ‘The Future of the Construction Equipment Market in Malaysia to 2015’, please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

For more information on the article, please contact:
Press Contact:
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shelly.wills@industryreview.com

Global Packaging Supplier Industry Outlook Survey 2011–2012

The packaging industry is more optimistic about revenue growth over the next 12 months than for the previous year. This is despite a volatile oil market increasing raw material prices and pricing pressures. Flexible packaging is expected to be one of the fastest growing packaging sectors, driven by industry consolidation and sustainability initiatives.

London – 13 July 2011 - Asia-Pacific will be a significant market during 2011–2012, with the top growth regions in the packaging industry including Singapore, China, South Korea and India. Buyers consider price reductions and product innovation to be the leading actions for suppliers to secure business from buyers. Meanwhile, the ability to target specific audience niches, flexibility and the ability to generate leads are considered by packaging suppliers to be the most critical success factors. Suppliers can also invest in R&D and develop unique IT solutions to enable buyers to optimize their processes and reduce costs.

Optimism for revenue growth in the packaging industry
Over half of all respondents across the packaging industry are more optimistic about revenue growth for their company over the next 12 months than for the previous year. Reasons behind this trend include strong growth in emerging markets such as India and China, decreased global economic uncertainty, a rise in sales innovation and increasing production and process efficiency. Flexible packaging is expected to be one of the fastest growing packaging sectors, driven by industry consolidation and sustainability initiatives. In addition, technological developments such as improved recycling techniques and the development of compostable packaging materials have helped to increase the profitability expectations of industry respondents.

Volatile oil market of concern
Raw material prices, pricing pressures and cost containment are the most pressing immediate business concerns for the global packaging industry. This is largely due to recent volatility in the oil market, which has pushed up operating costs. Companies are therefore taking various measures to contain costs, including investment in sophisticated technologies such as robotics to increase efficiency.

Asia-Pacific a key region
The top growth regions in the packaging industry include Singapore, China, South Korea and India. Increased domestic and regional consumption, driven by strong economic growth, in the Asia-Pacific region has increased the demand for packaging in countries such as Singapore,
while buyers and suppliers consider India and China to be the two most important markets for potential growth.

Targeting specific markets key to supplier success
The ability to target specific audience niches, flexibility and the ability to generate leads are considered by packaging suppliers to be the most critical success factors. At present, most companies prefer to focus their marketing strategy on a narrow target market of prospective customers instead of the total market. Similarly, flexibility in customizing services is identified as the most crucial factor for business continuity. Therefore, companies are trying to bring more flexibility, scalability, extensibility and integration across the distribution channels. This encourages collaborative relationships with partners. Many companies have realized that customizing the sales process ensures conformity with customer buying processes. Companies therefore look for value-adding products and services to attract customer attention.

Buyers expect low prices and innovative products
Buyers consider price reductions and product innovation to be the leading actions for suppliers to secure business from buyers, as expressed by half of respondents. Improving customer service and the reduction of costs are also given high importance by buyers, with 45% of respondents giving a positive response to each factor. Suppliers can also invest in R&D and develop unique IT solutions to enable buyers to optimize their processes and reduce costs. One such example is the development of a cost optimization packaging system (COPS) by Singapore Institute of Standards and Industrial Research (SISIR's) packaging center, which will help buyer companies minimize their distribution costs by optimizing the use of space and packaging materials and rationalizing logistical costs.

To purchase the full version of the report, ‘Global Packaging Supplier Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Marketing Spend and Sales Strategies’, please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

For more information on the article, please contact:
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Sustainability Management in the Hotel and Cruise Industry to 2012

There is rising awareness of the importance of corporate sustainability management, even in times of financial crisis. The implementation of sustainability practices throughout the value-added chain, comprehensive product responsibility and a clear commitment to preserving natural resources are high priorities of success.

London – July 12, 2011 – The sustainability management budgets of buyer companies in the hotel and cruise industry are expected to rise by approximately 12% over the next twelve months, with 65% of the total respondents surveyed expecting an increase. ICD Research’s survey indicates that ‘attracting new customers’, ‘positive outcomes for the environment’, and ‘cost savings’ are considered to be the major reasons for such an increase.

Buyers predict reasonable increase in profitability
Approximately 67% of buyer respondents believe that the adoption of sustainability practices will have a positive impact on the profitability of their organizations. The growing sense of optimism surrounding sustainable practice is enhanced by the confidence of hospitality executives that current market conditions will continue to create positive buying opportunities, led by investment activity from private equity and foreign investors. In addition, sustainability will become strategically important for buyer companies during the next two years.

Sustainable practice is focused on the reduction of electricity consumption, water costs and waste generation, and the development of innovative products and services. Global warming and the depletion of petroleum reserves are motivating buyers in the industry to review energy usage and consider alternatives. To reduce the impact on the environment, it has become necessary to control the consumption of fossil fuels, and to turn to clean technologies and renewable energy.

Influencers of supplier selection
The ICD Research Industry Survey 2010 identified that the majority of buyer companies consider waste minimization and the use of recyclable products to be major criteria for supplier selection.

Although buyer companies have established policies to incorporate sustainable procurement, they are yet to include reporting GHG emissions as a specific criterion for selection. Companies that have already implemented, or are the process of implementing, these measures are doing so due to other factors such as cost reduction, waste reduction, corporate reputation and competitiveness.

Buyer investment in green initiatives
In total, buyers across the hotel and cruise industry are planning to invest approximately US$70 million of annual procurement budgets in green initiatives. Investment is likely to focus on the procurement of products and services in areas such as ‘IT, software and services’, ‘housekeeping systems’, and ‘interior design and furnishings’, as these are considered to be the most important sustainable procurement areas for hotel buyers.

Sustainability is more important post-recession
While approximately one-third of hotel and cruise operator respondents consider sustainability to ‘more important’ following the recession, almost a quarter are of the opinion that sustainability is ‘a leading priority’ post-recession. Approximately half of hotel and cruise operators have implemented, or are in the process of implementing, ‘increased staff education on sustainable management’, while the majority have not yet reduced, or are not planning to reduce, staff from sustainability-related teams.

Demand for sustainable products and services
The demand for sustainable products and services is expected to be higher from developed countries. In developing countries, government bodies and regulatory authorities are focused on attracting investment into the economy, which reduces the priority of environmental concerns and sustainability issues. Due to the unwillingness of government bodies and low awareness levels of stakeholders of sustainability issues, the demand for sustainable products and services may be low.

Buyer organizations unwilling to pay more for sustainable products and services
Only one-quarter of hotel and cruise operator respondents predict that the majority of customers would be willing to pay more, or switch products and pay more, for ‘greener products and services with a lower environmental impact’. This indicates that while the demand for sustainable products and services is high, consumers are not necessarily ready to pay a premium price.

Major drivers of adoption of sustainable practice
Buyers rated ‘attracting new customers’ as a key factor in the adoption of sustainable practice within their organization, followed by ‘cost saving’ targets. Rising populations and increasingly scarce resources will provide a challenging business environment, in which sustainability will need to be enforced within all areas of the hospitality industry. Responses also indicate that while mass tourism was largely producer-driven in the past, the industry today is becoming increasingly consumer-driven. In competitive markets, well-informed, responsible consumers are increasingly pressurizing companies for greener products and services.

To purchase the full version of the report, ‘Sustainability Management in the Hotel and Cruise Industry 2010–12: Market Opportunities, Hotel and Cruise Industry Buyer Demand, Post-Recession Dynamics and Business Trends Forecast,’ please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Mexican Packaging Industry Forecast to 2015

The strong growth trend demonstrated by the Mexican packaging industry in the last five years is expected to continue, and the market is expected to reach a value of approximately US$11 billion by 2015.

London – July 11, 2011 – As a result of consistently strong growth, the Mexican packaging industry is one of the most attractive markets in the world and has encouraged many packaging manufacturers to establish operations in the region due to low the country’s low labor and energy costs and the proximity to the world’s largest packaging industry, the US. The key end-user sectors for the Mexican packaging industry are the food and drinks and pharmaceuticals industries, which combined account for more than 80% of the value of the packaging market.

Low cost structure and proximity to the US
During the review period (2006–10), the Mexican packaging industry recorded a strong CAGR and valued approximately US$9 billion in 2010. Such strong growth was largely a result of the country’s proximity to the US, which has the largest packaging industry in the world, and the ability of manufacturers operating in the region to manufacture and supply products at a lower cost than other regions. Factors such as these have encouraged substantial investment in the Mexican packaging industry, and as a result, in value terms, the country is ranked among the top 15 packaging markets in the world.

Mexican packaging industry growth stimulators
The food industry is one of the largest markets in Mexico, and consumer expenditure on food in the country is high. In addition, the country has one of the largest carbonated drinks markets and the third largest beer market in the world. Of total packaging consumption, the food and drinks sector accounted for approximately 75%, and growth in consumption in such key end-user sectors is expected to fuel Mexican packaging industry growth throughout the duration of the forecast period (2011–15).

Free Trade Agreement
In terms of imports and exports, Mexico is an attractive investment destination due to the multiple free trade agreements it holds with a number of countries worldwide. The country has close to 30 free trade agreements with countries such as the US, Canada, Japan, Israel and countries in the EU, which have reduced the import and export duty on trade from Mexico. This has encouraged many packaging companies from the US and Canada to establish manufacturing units in the country in order to gain access to the markets in free trade countries.

Packaging machinery
The Mexican packaging machinery market is import oriented, with more than 80% of packaging machinery demand currently met by imports. European machinery suppliers dominate imports, and the US is second largest exporter of packaging machinery, supplying more than 20% of the Mexican market.

During the review period, domestic packaging manufacturers increasingly adopted new technology in order to meet the standards set by international packaging machinery suppliers. As a result, Mexican packaging machinery suppliers are expected to increase their market share by approximately 25% by 2015. Key end-users of packaging machinery are the food, drinks, pharmaceuticals, consumer goods and personal care industries.

Stringent recycling law
The Mexican packaging industry is governed by stringent recycling laws, and the lack of natural forest reserves has forced manufacturers to use recycled raw material for the production of paper and board packaging. The government is gradually tightening recycling laws in order to satisfy strict packaging recycling legislation outlined by the EU, as Mexico has free trade agreements with a number of EU countries. In order for packaging produced by Mexico to enter EU countries, it must comply with such regulations.
According to new legislation, packaging suppliers will be required to increase recycling rates and implement a system whereby packaging material is collected from consumers and recycled. Such a system will increase the price of packaging material and require additional investment from both packaging manufacturers and end product suppliers.

Competition for market share
Satisfying end-user demand for packaging solutions and the maintenance of a competitive advantage over foreign manufacturers in the domestic market are the key challenges for domestic packaging manufacturers in Mexico. In order to increase competitiveness, domestic companies must invest in new packaging machinery.

The majority of US based packaging companies have established manufacturing facilities in Mexico, which offer packaging solutions for domestic, Latin American and North American markets. One of the key challenges faced by domestic packaging manufacturers is to enhance the quality of packaging solutions. Domestic manufacturers must therefore improve capital investment in research and development and new packaging machinery in order to improve the quality of end products. Such investment will enable domestic companies to compete with foreign manufactures in the Mexican market, and also assist in the capture of lucrative market share in countries such as the US, Canada and EU countries

To purchase the full version of the report, ‘The Mexican Packaging Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015’, please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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The Peruvian Mining Industry – Market Opportunity and Entry Strategy, Analyses and Forecasts to 2015

Despite the global economic crisis, mining investments in Peru increased, and the country continued to be one of the world’s leading spenders on exploration. Barring further economic turmoil, 2010 will record a growth in mineral production in both value and volume terms.

London – July 8, 2011 – Since 2004, Peru has witnessed strong annual economic growth of more than 10%, and mining has been the leading industry fuelling this growth. However, in 2009 the mining industry, which accounts for over 60% of the country’s exports, struggled to control the damage resulting from a decline in global commodity prices. Peru is the world’s second-largest producer of copper and zinc, the prices of which dropped significantly in 2009.

Peru’s mining industry is expected to grow during 2010–15
The Peruvian mining industry is forecast to produce nearly 43 million tons in 2015. The metallic mineral category is expected to record the highest growth over the forecast period, followed by non-metallic minerals and coal.

During 2010–15, the mining industry is expected to witness substantial investments
In 2009, investment in mining grew to reach nearly US$3 billion. Despite the global economic crisis, domestic and foreign investors continued to invest, reflecting investor confidence in the country and indicating the potential that mining industry offers to its investors. The country also continued to be one of the leading exploration spenders in the world, with a total spend of US$350 million. During the 2010–15 period, the forecast investment in mining will comprise 36 major projects, including exploration projects and expansion projects, which together amount to over US$35 billion. These investments are expected to increase production levels of key minerals such as copper, gold and silver, and will further fuel the growth of the Peruvian mining industry.

Production growth and rising exploration spends to drive the mining equipment industry in Peru
The mining equipment industry is estimated to be worth nearly US$2.5 billion by 2015. Over the forecast period, growth in production (primarily copper, gold and silver) will boost the growth of the mining equipment industry in Peru. Significant investment will be made to cover new mines and in the expansion of existing ones, and is expected to drive mining companies to opt for more advanced mining equipment. A strong exploration spend will also add
significantly to Peru’s proven and probable reserves. As a result the mining industry, and subsequently the mining equipment industry, will continue to prosper in Peru.

The global economic crisis resulted in a decline of 12% in total mining exports from Peru in 2009
In 2009 mining exports accounted for over 60% of Peruvian exports. Mining exports were led by the growth of gold, both in terms of volume and price, boosted by increased demand by investors hedging against the effects of the global financial crisis. With the revival of the global economy and escalating commodity prices, mining exports are expected to witness a resurgence in 2010.

Geological potential and favorable legal policies attract multinational mining companies to Peru
The rules governing the mining sector in Peru ensure legal stability and economic freedom for domestic and foreign investments. Both domestic and foreign companies hold the same rights with respect to the properties that they acquire, and foreign investors are guaranteed the right to make transfers abroad (after taxes) in freely convertible currencies, using the exchange rate most favorable at the time of the transaction, and without any prior authorization from a public authority or agency. Also, currently only a small part of the country’s territories with mining potential have been explored, and even less is currently mined. There is still considerable potential for the discovery of other deposits in different geographical areas that have not yet been comprehensively explored, resulting in more opportunities for mining exploration enterprises.

Public opposition and maintaining relationships with local communities remains a key challenge
The robust increase in mining activity has been accompanied by conflicts and violence around large-scale mining projects in the country’s remote areas such as the Andean highlands. Public opposition is one of the serious concerns for companies starting new projects in remote areas with tribal populations. Opposition by indigenous communities can push an entire project into uncertainty and render it unviable. For instance, the Rio Blanco Copper Project, which was scheduled to start producing in 2011, was recently attacked in November 2009 by a local group killing three workers and destroying 80% of the site. This attack made the future of the entire project uncertain. Mining companies have made serious errors in maintaining relationships with indigenous communities, and have tried to operate in areas which were clearly unviable. One example is the Tambogrande mining project in northern Peru, where Manhattan Minerals was seeking to develop an open-pit mine requiring the diversion of a local river, and the relocation of an estimated 8,000 inhabitants of a total population of between 14,000 and 16,000. After several years of protest, the company was forced to withdraw in 2003, having lost US$61 million on the project.

To purchase the full version of the report, “The Peruvian Mining Industry – Market Opportunity and Entry Strategy, Analyses and Forecasts to 2015,” please click here.


About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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The Global Submarine Market 2011–2021

While North America and Europe remain key submarine markets, an expanding China and an arms race in Asia-Pacific will increasingly drive growth in the market over the next 10 years.

London – July 8, 2011 – The rapidly changing global security scenario has forced submarine navies to become increasingly flexible. At the same time, submarines are becoming an increasingly valuable strategic resource, adding new capabilities such as ELINT and SIGINT payloads to their conventional or nuclear attack roles.

Rising maritime threats such as piracy, transnational terrorism and growing demand to protect sea lanes and communication lines are also important factors behind the desire for a strong submarine capability in the region.

The market will be characterized by increasing collaboration between firms and countries and the increasing modularity of design to meet the varied roles of modern submarines. Varying mission profiles has resulted in the adaptation of a flexible payload to effectively deal with varying threats. The decrease in demand in the mature market in the West and the increasing demand from the rest of the world, which has limited industrial capability but stable financial growth, has led to growing license production through technology transfer agreements, a trend that is expected to increase.

State of the global market
Submarines form an essential core of today’s naval fleets as a result of their flexible mission capabilities and ability to complement other strategic resources. Worldwide, 41 countries possess submarine capability and together operate 450 submarines. Most of these nations are modernizing their fleets or increasing them as a result of changing security situations. A total of 154 submarines are to be procured over the forecast period, costing in excess of US$180.0 billion.

Increasing procurement of submarines in Asia-Pacific
The rise of regional powers with ambitions for power projection coupled with a growing sense of hostility and a resulting arms race in Asia-Pacific is driving the submarine market. The need to replace a Soviet era submarine fleet, rising maritime threats such as piracy, transnational terrorism and growing demands to protect sea lanes and communication lines are also important factors behind the desire for a strong submarine capability.

New market trends
The reduction in defense budgets in the Western world combined with changes in the global strategic security situation and the advent of sophisticated technology has brought about an immense change to the submarine market. Rising economic powers such as China, Brazil and India and their neighbors will increase expenditure on acquiring submarines and on developing the necessary submarine industrial base. The overall reduction in submarine orders in the West have forced the industry to reinvent the production process, turning to modular production processes and cutting down on manufacturing cost and time. The increasing cost of technology development and its rapidly changing nature has driven the submarine industrial base to adapt to modular and flexible systems architecture, which has long term benefits such as ease of upgrade installation and through life support. It also helps to easily switch between various mission profiles by swapping modules. Varying mission profiles has in turn resulted in the adaptation of a flexible payload to effectively deal with varying threats.

Increased collaboration and consolidation
The above factors have led to increasing collaboration amongst the submarine industrial base (SIB) present within a country. The decrease in demand in the West, which has a mature SIB, and the increasing demand from the rest of the world, which has limited industrial capability but stable financial growth, has resulted in cross border consolidation. The political will and limited restrictions in transferring sensitive technology have also led to growing license production through technology transfer agreements, a trend that is expected to increase.

Conventional attack submarine market
Over 100 SSKs are to be built across the globe over the forecast period. Major markets for SSKs include Brazil, India, Turkey and Vietnam, which have planned procurements in place. A new technical development in SSKs is the adoption of Air Independent Propulsion systems.

Nuclear ballistic submarine market
A total of 16 SSBNs are planned to be procured during the forecast period at a value of US$56.7 billion, which includes the cost of R&D of the US SSBN (X) and the UK’s SSBN (R) program. Despite the low numbers of SSBNs being acquired, it is forecast to be the second largest submarine market between 2011 and 2021.

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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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The Future of the Construction Equipment Market in Japan to 2015

The Japanese construction equipment market is expected to experience substantial growth to reach a value of approximately US$18 billion in 2015. However, as the future of the construction equipment market remains linked to economic factors, industrialization, increased standards of living, and rising population in Japan, the market may be subject to further fluctuations.

London – June 30, 2011 – The performance of the Japanese construction equipment industry is closely correlated to the performance of the country’s construction industry, and therefore during the recent boom period the market recorded high gross sales growth, before significantly reducing production during the global economic crisis.

According to a study by WMI, the market was affected by a decreased number of housing starts, reduced consumer confidence, unemployment and the fluctuating price of construction equipment during the review period (2005–09), resultant from reduced Japanese government investment in the public sector. The construction of residential and business buildings is typically financed on credit, and as such, interest rates and access to credit also have a considerable impact on demand for construction equipment.

As a result of a combination of the above factors, the Japanese construction equipment market experienced a CARC of approximately -12% throughout the review period. However, the construction equipment market is expected to improve during the forecast period as a result of infrastructure developments in the country.

Construction industry overview
The Japanese construction industry is the third largest in the world after the US and China, however, throughout review period, the industry experienced a decline and registered a negative CARC. During 2008–09, private sector capital investment further declined as uncertainty in the economic environment resulted in a loss of investor confidence. Public sector investment also continued to decline as the Japanese government reduced public expenditure in order to reduce the country’s fiscal deficit, and the overall business environment of the construction industry remained weak, resulting in a decline of approximately 8% in industry value in 2009.

Demand for Japanese construction equipment
There is significant relationship between demand for Japanese construction equipment and the growth of infrastructure construction, such as ports, pipelines and roads, and developments in the steel, power, mining and construction sectors, and consequently the Japanese equipment market is competitive in the excavators, bulldozers, crawler cranes and loaders sectors.

Japanese construction equipment is a popular choice for building contractors worldwide, due to the flexibility of design and its comparatively lower price when compared with American products. However, despite its popularity in the global marketplace, the market declined in 2009 and a number of construction equipment companies, such as Komatsu, attempted to regroup the sales structure of their construction equipment business and stimulate reward sales for sustainable growth and business expansion in Japan.

Exports growth
When choosing construction equipment, quality is the most important consideration for end-users in Japan, and advanced technology has led to a tremendous growth in demand for Japanese construction equipment. In 2008–09, the exports value of Japanese construction equipment increased considerably, before declining in 2009 to a value of approximately US$5 billion. Earth moving equipment and material handling equipment were the most exported categories of Japanese construction equipment during the review period, and throughout the forecast period WMI expects the market to record a substantial growth in exports value.

Advanced technology
The Japanese construction equipment market is at the forefront of the mechanization of construction work. The development of recyclable construction equipment is a key challenge currently faced by the Japanese construction equipment market, and as a result, the market is currently conducting research into construction equipment with improved recyclable potential.

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The Future of the Construction Equipment Market in the United Arab Emirates (UAE) to 2015

The value of the market declined in 2009 due to weak foreign investment during the global financial crisis and the Dubai debt crisis, which had supported economic development until 2008. This resulted in a decrease in construction activity and a subsequent fall in sales of construction equipment.

London – July 7, 2011 – During the review period (2005–09), the consumption of UAE construction equipment recorded a CAGR of 3.49% to reach a value of US$1.2 billion, largely due to a strong decline in consumption during the global economic crisis.

However, construction equipment consumption is expected to improve throughout the forecast period as a result of a rapid increase in the UAE population, which is expected to drive the demand for urban infrastructure construction, and increase the development of tourism and the non-oil industries. WMI expects the consumption value of the UAE construction equipment market to record strong growth over the forecast period, more than doubling in value by 2015.

Government increases investment in non-oil industries
Similar to other GCC (Gulf Cooperation Council) countries, the effect of the global economic crisis was less severe on the economy of the UAE, which benefits from the support of its substantial oil revenues. Despite this, there have been continuous governmental efforts to diversify the nation’s economy and reduce its dependence on the oil sector. As a result, the non-oil sectors in the UAE accounted for an increased 71% of the gross domestic product (GDP) of the country, with the highest shares of revenue sourced from manufacturing, construction, and the wholesale and retail trade.

As a result of increased construction activity due to efforts to expand other industries, the demand for construction equipment escalated during the review period. Earth moving equipment accounted for the largest share of sales in the UAE construction equipment market over the review period, with a value of over US$400 million in 2009. However, despite its lower value, road equipment was the fastest growing category. The only type of equipment to experience a decline was concrete equipment, as sales of which fell by over 40% in 2009 due to a decrease in building construction activity as a result of the global financial downturn.

Infrastructure improvements will increase demand
The revival of the global economy is expected to increase construction industry activity in the UAE, particularly in the infrastructure, commercial and industrial construction markets. Not only is rapid population growth expected to drive the demand for urban infrastructure development, but increased public spending and foreign investments are also likely to support the growth of the industry.

With a 3.4% increase in the federal budget for 2010, the UAE's strategic priorities are focused on social development, education, health and infrastructure development projects. Rapid economic and infrastructural developments in the country are also attracting foreign investment, largely for the development of infrastructure for the tourism, hospitality, retail and healthcare industries.

Although the real estate and business services sectors experienced considerable decline in 2009, output from these sectors nonetheless accounted for almost 10% of the country’s GDP, as large infrastructure projects in Abu Dhabi offset the decline in residential and commercial construction in Dubai. At the same time, the large amounts of capital already invested in projects to improve Dubai’s infrastructure, such as the construction of the Dubai Metro, the Burj Khalifa tower, the Al Maktoum International Airport and the Green Line metro project, and major developments in Abu Dhabi, including Saadiyat Island, the Masdar City project and the Khalifa City project, are expected to have a positive effect on economic growth over the forecast period.

Small domestic equipment market attracts foreign investment
As the UAE does not domestically produce a significant amount of its own construction equipment, it is largely dependent on imports from the US, Japan, China, and European nations such as Italy, France and Sweden.

The rapid growth of the UAE construction industry and the small domestic equipment manufacturing industry has attracted the investment of some of the world’s leading construction equipment manufacturers, including Volvo, Komatsu, Hitachi, LiuGong, Liebherr, Manitowoc, Tadano and Caterpillar. In order to improve product supply and after sales service quality to clientele in the UAE, many firms from the US, China and Europe have established a local market presence by establishing distribution centers and contracting exclusive distributors. While a large construction firm will often maintain its own equipment fleet, equipment rental services have also succeeded over the past two decades.

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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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French Defense Industry Forecasts to 2015

During the review period, French defense expenditure grew at a CAGR of nearly 3.3% and stood at nearly US$70 billion. This growth was driven by the threat of terrorism, membership in UN peacekeeping missions and military modernization. Despite planned budget reductions from 2010–13, French defense expenditure is expected to grow from 2013–15 at a CAGR of approximately 1.5%, and reach a value of just over US$60 billion by 2015.

London – 07 July 2011 - From 2010–15, the French defense industry is set to increase its expenditure due to the threat from terrorism, planned modernization and its continued UN peacekeeping missions. Within the defense budget, army, air force and navel expenditure are all expected to increase in line with planned modernization. French defense imports are predicted to decrease due to planned defense budget reductions but exports will increase, driven by demand from South East Asian nations.

French defense expenditure to grow in the forecast period
Capital expenditure within the French defense budget increased to just over 40% in 2009 and is expected to remain stable from 2010–15, driven by healthcare expenditure and infrastructure facilities. In addition to this, French homeland security expenditure is also expected to increase in the forecast period as a result of the increased threat from terrorism and the resulting expenditure on security systems and surveillance. As a result, homeland security expenditure is expected to increase at a CAGR of just over 3% from 2010–15.

Terrorism, modernization and peacekeeping initiatives to aid growth
As an ally of the US, France perceives that its risk of attack by Islamic terrorists is high, particularly as there have been attacks on US embassies in France in the past. In 2005, al-Qaeda declared France an enemy to Islam, and in 2010 France’s decision to ban the Islamic veil in public further agitated the threat from Islamic terrorists. This has led to France increasing its defense expenditure on anti-terrorism measures.

The French Ministry of Defense is in the process of modernizing its armed forces and recently released a white paper outlining its modernization strategy from 2009–14. This white paper stated that approximately US$520 billion would be allocated to defense from 2009–20 to aid modernization through technology upgrades and better equipment.

In addition to these factors, France is also an active participant in UN peacekeeping missions. In 2010 France was the 17th largest contributor to the UN international peacekeeping fund, and among permanent Security Council members, France was the second largest contributor in terms of personnel. As France is expected to continue its peacekeeping efforts in the forecast period, this will aid further defense industry expenditure.

Army, air force and navel expenditure to grow
In the forecast period, army expenditure as a percentage of the total defense budget is expected to remain at just over 20%, as the French Ministry of Defense continues to invest in arms, artillery and land combat systems. In the forecast period, army expenditure is expected to increase at a CAGR of approximately 2.5% and reach a value of nearly US$9.5 billion.

It is predicted that air force expenditure will increase from 2010–15 at a CAGR of nearly 2%, and that it will remain at a stable 12% of France’s total defense budget. France is expected to invest in advanced fighter aircraft and the upgrade of its current fleet and this will bring its air force expenditure to just over US$5 billion.

In the review period, naval expenditure accounted for about 12% of France’s total defense budget, and this is expected to decline marginally in the forecast period. Despite this slight decline, French expenditure on naval equipment, such as frigates, amphibious ships, and submarines, is expected to increase at a CAGR of approximately 2.3% and reach nearly US$5 billion by 2015.

Imports to reduce and exports to increase
Of total defense procurements, France imports 30%, primarily from Germany, Italy and the Netherlands. However, due to predicted cuts in the French defense budget, imports of defense equipment and systems are expected to decrease in the forecast period.
France is the fourth largest exporter of arms in the world due to its advanced technical capabilities. As nations such as South Korea and Singapore continue to experience strong economic growth and demand defense equipment, France’s arms exports will remain strong, with ships, aircrafts and missiles the most exported defense equipment.

Domestic defense industry is protected from foreign companies
France follows a restrictive policy on FDI which requires government approval before a foreign company can invest in the French defense industry. This measure, coupled with the government’s preference for domestically produced defense equipment, provides protection for domestic defense companies.

However, the government’s preference for domestically produced defense equipment may be problematic for the French defense industry. With planned reductions to the defense budget in France in the forecast period, the French government will spend less on defense equipment and will therefore reduce consumption of its own country’s products. Companies within the defense industry will therefore be forced to look to international markets and buyers to sell their defense products.

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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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Buyer Sustainability Management in the Mining Industry 2010–12

It is expected that an increase in sustainability budgets will also lead to increased profitability for the mining industry over the next two years. Controlling overspending and balancing the cost of operations are contributing factors for increased profitability.

London – July 7, 2011 – In the next year, mining industry sustainability management budgets will increase, as buyers are increasingly aware of the importance of sustainability to investors and shareholders and the advantages it can bring, such as increased profitability. As a result, buyers expect suppliers to have ISO 14001 certification and strong health and safety initiatives.

Demand for sustainable products is highest in developed economies and the Chinese and Indian developing economies. Most mining companies see their board of directors as the driving force behind sustainable initiatives, and believe that sustainability measures are adopted for their long term benefits to mining countries.

Mining industry sustainability management budgets to increase
A large percentage of mining industry buyer respondents expect to see sustainability management budgets increase by nearly 8% in the next 12 months. Reasons for this increase include legislation compliance and managing corporate reputation. This is evidence that buyers are aware of the importance of sustainability to mitigate the risks of social, economic and environmental trends. It is predicted that sustainability budgets will increase by over 6% in the coming year.

Most industry buyers require ISO 14001 certification from suppliers
The majority of mining industry buyers think that ISO 14001 certification and environmental and health and safety management are important factors in deciding between suppliers. Several mining companies see environmental accreditations as a direct message regarding environmental performance to shareholders, and these also improve efficiency and develop organizational performance.

Buyers to invest over a quarter of budgets on green initiatives
In 2010–11, the average mining company procurement budget for green initiatives is approximately US$115 million, compared to just over US$100 million for metal manufacturers. On average, buyer companies plan to spend a quarter of their procurement budgets on green initiatives, including water and waste management and health and safety services and equipment.

Over 30% of mining company respondents think that sustainability is more important post-recession, due to government legislations and the increased significance of sustainability
among shareholders and investors. Due to the recovery of commodity prices post-recession, mining companies are more able to invest in sustainability measures.

Demand for sustainable products higher in developed economies
In the next two years, the US, China and Canada are expected to show the highest demand for sustainable initiatives, and Russia, South Africa, Japan and the Middle East are expected to generate the least demand. Of developing economies, China and India will create the most demand as a result of growing populations and energy requirements.

Customers are not willing to pay more for sustainable products
Although there is increased demand for sustainable products, customers are generally unwilling to pay more for these. Of mining companies, around a third think that the majority of customers would pay more for sustainable products, whilst more than 70% of metal manufacturers though a minority of customers would be willing to pay more. However, customers are not generally willing to pay more for sustainable products, as they tend to be satisfied with current products on offer at a lower price.

Sustainability measures adopted for long-term benefits
Approximately 44% of respondents think that ‘balancing financial, human and natural resources for long-term benefits’ was the most important reason for adopting sustainability measures. This is essential for the conservation of natural resources and the protection of the environment, and for an appropriate employee work life balance, aided by adequate training.

Mining companies should engage in strategic planning which ensures the sustainable development of a country without harming its environment, and ensure natural resources are conserved for future generations. A large percentage of metal manufacturers also agree that this is the most important reason for adopting sustainability measures.

Board of directors considered most important factor behind sustainability
Of all mining company respondents, nearly half believe that a company’s board of directors is the driving force behind corporate sustainability, the creation of corporate social responsibility (CSR) and the development of sustainable community development programs and natural resource responsibility. This is followed by the CEO and operational managers. A large percentage of respondents from metal manufacturing believe that the CEO is the most important force for corporate sustainability, followed by operational managers.

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