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Engine & Turbine Manufacturing in Ireland - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

IBISWorld IBISWorld London, United Kingdom Last Updated: April 2025 SIC IE-C2811

Revenue

€129.1bn

2025

€131.7bn

Past 5-Year Growth

Profit

€X.Xbn

Employees

369k

Businesses

2,458

Wages

€XX.Xbn

Engine & Turbine Manufacturing in Ireland industry analysis

Engine 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.

Trends and Insights

  • Import competition from China limits revenue prospects. Wind turbine manufacturers have been especially hard hit. Eurostat figures show that China took up 61% of European wind turbine imports in 2022, eating into local manufacturers’ sales.
  • The proposed 20% US tariff on EU goods would sharply increase costs for European engine and turbine exports. Products like gas turbines, wind turbine generators and aviation engines, which are major European exports to the US, will become less price-competitive. This is likely to reduce export volumes.
  • 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.
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Top Questions Answered in this Report

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What is the market size of the Engine & Turbine Manufacturing industry in Ireland in 2025?

The market size of the Engine & Turbine Manufacturing industry in Ireland is €129.1bn in 2025.

How many businesses are there in the Engine & Turbine Manufacturing industry in Ireland in 2025?

There are 2,458 businesses in the Engine & Turbine Manufacturing industry in Ireland, which has declined at a CAGR of 2.4 % between 2020 and 2025.

Has the Engine & Turbine Manufacturing industry in Ireland grown or declined over the past 5 years?

The market size of the Engine & Turbine Manufacturing industry in Ireland has been growing at a CAGR of 2.2 % between 2020 and 2025.

What is the forecast growth of the Engine & Turbine Manufacturing industry in Ireland over the next 5 years?

Over the next five years, the Engine & Turbine Manufacturing industry in Ireland is expected to grow.

What does the Engine & Turbine Manufacturing industry in Ireland include?

Parts for engines with compression ignition and Turbines are part of the Engine & Turbine Manufacturing industry in Ireland.

How competitive is the Engine & Turbine Manufacturing industry in Ireland?

The level of competition is high and increasing in the Engine & Turbine Manufacturing industry in Ireland.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

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.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Engine & Turbine Manufacturing in Ireland 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.

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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 Ireland industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

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 (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

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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