Market position
Customers and manufacturers alike are increasingly looking to internationalise and concentrate their activities. It is important for the ERIKS group to expand its geographical coverage for its various core activities and to be in a position to offer its suppliers adequate volume and market share.
The table below shows that the ERIKS group does not yet have a dominant position in any of its core activities, which means there are growth opportunities in all areas. The markets in some regions, particularly Germany, the UK, the USA and South-east Asia, are still very fragmented. This means that there is scope for acquiring an important position with just a small market share. For further information see ‘Mission, objectives, SWOT analysis and strategy’ and ‘Developments by cluster’ from the annual report 2007.Regional market shares by core activity:
| Core activity Country / region | Sealing technology | Power transmission | Flow technology | Industrial plastics | Tools and maintenance products | Repair and monitoring of electromechanical components and systems | Tolerance rings and Tire technology* Rencol + Wyko Tyre Technology |
|---|---|---|---|---|---|---|---|
| Belgium | ++ | ++ | ++ | + | ++ | - | - |
| Central Europe | + | + | + | - | - | - | - |
| Germany | + | ++ | + | - | + | - | - |
| France | + | + | + | - | + | - | - |
| The Netherlands | +++ | +++ | ++ | ++ | ++ | - | - |
| UK | + | ++ | + | - | + | +++ | +++ |
| USA (region of the companies) | ++ | - | - | + | - | - | - |
| South-east Asia | + | - | + | - | - | - | - |