industry

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Industry

The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue.

Industry.

An industry is a subdivision of a market sector and includes companies producing the same or similar goods and services. These companies often compete with each other for customers and investors.

For example, within the consumer staples sector, companies that manufacture household appliances, such as dishwashers and refrigerators, are part of the same industry.

The fundamentals of any single company in an industry can be measured against the industry as a whole, revealing where the company stands in relation to its peers.

industry

a branch of commercial enterprise concerned with the output of related goods or services. For example, the beer/brewing industry might be defined as all those firms that produce bitter and mild ales, lagers, stouts and elders. However, beer production might be seen also as constituting part of a wider and bigger industry, the ‘alcoholic beverages industry'which includes the production of spirits and wines as well as beer. Thus, there are specification problems with respect to how widely or narrowly a particular industry is defined. Moreover, STANDARD INDUSTRIAL CLASSIFICATIONS typically group together products on the basis of their supply characteristics, such as the use of common raw materials and manufacturing processes. This may or may not coincide with how goods and services are grouped together to define MARKETS, which requires account to be taken also of how products are seen from the point of view of buyers (that is, their demand characteristics). Thus although men's and women's' shoes are produced using the same materials and manufacturing processes, and often by the same firms, they are not considered by buyers as close substitutes, and hence, from a MARKETING point of view, they must be treated as constituting separate markets. See STRUCTURE OF INDUSTRY.

industry

a group of related economic activities classified according to the type of good or service supplied. For example, the beer/brewing industry might be defined as all those firms that produce bitter and mild ales, lagers, stouts and ciders. However, beer production might be seen also as constituting part of a wider and bigger industry, the ‘alcoholic beverages industry’, which includes the production of spirits and wines as well as beer. Thus, there are specification problems with respect to how widely or narrowly a particular industry is defined. Moreover, INDUSTRIAL CLASSIFICATIONS typically group together products on the basis of their supply characteristics such as the use of common raw materials and manufacturing processes. This may or may not coincide with how goods and services are grouped together to define MARKETS, which requires account to be taken also of how products are seen from the point of view of buyers (that is, their demand characteristics). Thus, although men's and women's shoes are produced using the same materials and manufacturing processes, and often by the same firms, they are not considered by buyers as close substitutes, and hence, from a buyer's point of view, they must be treated as constituting separate markets.

Looked at dynamically, a typical industry will grow, reach maturity (see Fig. 158 (b) -PRODUCT LIFE CYCLE entry) and, in many cases, then decline (for example, the textile, coal and shipbuilding industries in the UK). See STRUCTURE OF INDUSTRY, CROSS-ELASTICITY OF DEMAND, MARKET STRUCTURE.

References in periodicals archive ?
Metso Corporation's (NYSE: MX; HEX: MEO) applications for clearance of its offer for Svedala Industri AB from the EU Commission and the US Federal Trade Commission (FTC) are still under consideration.
Our agreement with Industri Kapital for the remainder of the Superfos business should reduce potential uncertainty for all concerned," said Ashland Inc.
ALPNET has been selected by Industri Matematik as one of two preferred vendors.
se), Dagens Industri and Expressen, which are some of the most visited sites in Sweden.
HELSINKI, Finland, June 24 /PRNewswire/ -- Sunds Defibrator, part of Rauma Corporation (NYSE: RMA; Helsinki: RAM), has signed an agreement with ABB Flakt Industri AB in Sweden to acquire its business operations related to fiber drying and forming technology.
market accounts for approximately one third of Svedala Industri, A.
He then became general manager, Germany/Austria/Switzerland of Industri Matematik GmbH.
17 /PRNewswire/ -- In a joint statement today, officials of Industri Pesawat Terbang Nusantara (IPTN), an Indonesian aerospace manufacturing company and Gulfstream International Airlines, a U.
Though dominated by three local firms -- Industri Capital, EQT and Nordic Capital -- outsiders such as Netherlands-based CVC, and U.
Major organization : LILLA EDETS INDUSTRI & FASTIGHETS AB (556206-2777)
Meanwhile, the company has sold its wholly owned subsidiary PT Hutan Ketapang Industri at a price of US$ 7.
STOCKHOLM, December 16, 2010 /PRNewswire/ -- Swedish newspaper, Dagens Industri, has reported that Vladimir Antonov has been subject to a Swedish Government investigation which shows there is no evidence of corruption against the Russian businessman.

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