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VALUE–GENERATING BUSINESS DEVELOPMENT<br />
Drivers for<br />
market presence<br />
The long-term global trends<br />
are challenging, but at the same<br />
time they create business<br />
opportunities.<br />
New business opportunities. By analyzing<br />
our business environment <strong>and</strong> trends,<br />
<strong>and</strong> maintaining a close dialog with<br />
customers, Trelleborg can leverage the<br />
drivers that exist in the medium to long<br />
term. There is also good potential to<br />
identify new business opportunities<br />
that could generate long-term <strong>and</strong><br />
sustainable growth.<br />
Global megatrends. Trelleborg evaluates<br />
aspects <strong>and</strong> relevant outcomes of global<br />
megatrends, such as the changed<br />
dynamic of the global economy, the<br />
interdependence between countries<br />
<strong>and</strong> markets, the increasing scarcity<br />
of natural resources <strong>and</strong> demographic<br />
changes. These <strong>and</strong> other factors<br />
influence how Trelleborg positions itself<br />
in the market.<br />
For example, high population growth<br />
in primarily developing markets is<br />
contributing to a healthy trend for<br />
different printing blanket solutions, <strong>and</strong><br />
future major investment requirements<br />
in energy <strong>and</strong> infrastructure – in both<br />
mature <strong>and</strong> emerging economies – will<br />
drive growth in the majority of Trelleborg’s<br />
market segments.<br />
Leading positions. Trelleborg has chosen<br />
to concentrate on high-growth segments<br />
where the Group has the best conditions<br />
for achieving favorable profitability. In<br />
these segments, Trelleborg is continuously<br />
striving for leading positions in<br />
global, regional <strong>and</strong> local markets. The<br />
strategy is to be among the top three<br />
players in terms of market share.<br />
The basis for Trelleborg’s positioning<br />
is partly the innovative <strong>and</strong> high-tech<br />
features of its products that provide<br />
value-added solutions for customers,<br />
but also Trelleborg’s level of service <strong>and</strong><br />
customer knowledge that provides a<br />
sense of security in the choice of<br />
supplier. The Group works actively on<br />
being ahead of customers in terms of<br />
Trends in Trelleborg’s market segments<br />
General industry, 38%*<br />
General industry<br />
High-growth geographic markets dem<strong>and</strong><br />
an increasing number of products <strong>and</strong><br />
more advanced solutions to satisfy their<br />
industrial expansion <strong>and</strong> development.<br />
Capital-intensive industry, 51%*<br />
Oil & gas, 13%<br />
Greater energy needs lead to major investments in new, more<br />
complex exploration projects in deep-sea environments (Brazil<br />
<strong>and</strong> <strong>We</strong>stern Africa) as well as more stringent maintenance<br />
(Mexican Gulf <strong>and</strong> the North Sea), which requires more<br />
advanced solutions <strong>and</strong> investments in LNG transportation.<br />
Transportation equipment, 13%<br />
Increasing flows of people <strong>and</strong> goods require more efficient<br />
transportation by rail, air, bus <strong>and</strong> truck as well as improved<br />
inventory management <strong>and</strong> transportation equipment<br />
combined with ever stricter environmental requirements.<br />
Agriculture, 10%<br />
Large-scale farming requires increased investments in large<br />
tractors <strong>and</strong> tires, in parallel with higher dem<strong>and</strong> that is<br />
catalyzed by a rapid mechanization of agriculture in highgrowth<br />
countries. The trend toward biofuels <strong>and</strong> more<br />
sustainable agriculture is driving dem<strong>and</strong> for more advanced<br />
products <strong>and</strong> solutions.<br />
Light vehicles, 11%*<br />
Light vehicles<br />
Globalization <strong>and</strong> consolidation at the<br />
customer level calls for increased geographic<br />
presence by sub-suppliers which,<br />
in combination with more rigorous<br />
environmental stipulations, drives the<br />
development of alternative fuels <strong>and</strong><br />
lighter/cheaper materials.<br />
Infrastructure construction, 9%<br />
Under-investment, a strong urbanization trend <strong>and</strong> the<br />
economic development of high-growth countries are driving<br />
requirements for new <strong>and</strong> improved infrastructure for such<br />
transport systems as road, rail <strong>and</strong> air travel as well as ports,<br />
tunnels, etc.<br />
Aerospace, 6%<br />
The upgrade of, <strong>and</strong> purchase of new, civil <strong>and</strong> commercial<br />
aircraft fleets due to increased traffic, particularly in highgrowth<br />
countries, as well as more fuel-efficient technology<br />
<strong>and</strong> more stringent environmental requirements are leading<br />
to lighter aircraft with a greater technological content.<br />
*) Share of the Trelleborg Group’s sales in 2015.<br />
32 Annual Report 2015 Trelleborg AB<br />
GRI: G4-8