Secondary Sector








	Dyson Rover Primary Sector Tertiary Sector e home Learning and Practice Market Competition Industrial Sectors




	The secondary sector, whose goods are sold in consumer, capital and industrial markets, forms a significant part of many developed economies (such as the USA, Germany and France). In recent decades the secondary sector has declined in importance for many developed economies. Certainly in the UK, the secondary sector, and manufacturing in particular, has rapidly declined in importance. Operating in the secondary sector poses many problems, but increasingly the key issue for UK manufacturers is that of “Adding Value” to their products. Faced with cheaper imports from developing economies, UK manufacturing businesses need to differentiate their products from these imported products. So the key issue for the secondary sector is that of ensuring they can turn raw materials, or semi-finished components, into something that consumers will pay for. The problem is about maintaining competitiveness by adopting suitable strategies. In the UK we have examples of successful secondary sector businesses e.g. Dyson who manufacture vacuum cleaners and washing machines. But equally we have many examples of secondary sector business who have failed to stay “one step ahead” of the competition. The motor vehicle industry is possibly an example of this. Click on the following links to find out more about UK secondary sector businesses: Dyson MG Rover