Publication result detail

Market Structure Analysis of the Czech Machinery Manufacturing Industry

SOBOTKOVÁ, N.; BARTOŠ, V.

Original Title

Market Structure Analysis of the Czech Machinery Manufacturing Industry

English Title

Market Structure Analysis of the Czech Machinery Manufacturing Industry

Type

Peer-reviewed article not indexed in WoS or Scopus

Original Abstract

This research examines the market structure of the Czech engineering industry using the Herfindahl-Hirschman Index and other microeconomic indicators to identify the degree of competition and market concentration in the sector. The analysis covers 1,876 active engineering companies in the Czech Republic from 2014 to 2023. The HHI values found indicate very low market concentration. Combined with estimates of price elasticity of demand, the price parity model, and the return on investment indicator, the results suggest that the sector exhibits characteristics of a highly competitive and fragmented market. In such a highly competitive environment, technological innovation by individual companies appears to be a key determinant of their long-term competitiveness.

English abstract

This research examines the market structure of the Czech engineering industry using the Herfindahl-Hirschman Index and other microeconomic indicators to identify the degree of competition and market concentration in the sector. The analysis covers 1,876 active engineering companies in the Czech Republic from 2014 to 2023. The HHI values found indicate very low market concentration. Combined with estimates of price elasticity of demand, the price parity model, and the return on investment indicator, the results suggest that the sector exhibits characteristics of a highly competitive and fragmented market. In such a highly competitive environment, technological innovation by individual companies appears to be a key determinant of their long-term competitiveness.

Keywords

CZ-NACE 28, market structure, market concentration, competitiveness

Key words in English

CZ-NACE 28, market structure, market concentration, competitiveness

Authors

SOBOTKOVÁ, N.; BARTOŠ, V.

RIV year

2026

Released

31.03.2025

Periodical

Acta Sting

Number

1/2025

State

Czech Republic

Pages from

53

Pages to

73

Pages count

20

URL

https://1083d3b08f.clvaw-cdnwnd.com/2fca4ad522b38b04c8a13c19d47b40dc/200000926-9710a9710c/acta1_2025_web.pdf?ph=1083d3b08f

BibTex

@article{BUT199543,
  author="Nikola {Sobotková} and Vojtěch {Bartoš}",
  title="Market Structure Analysis of the Czech Machinery Manufacturing Industry",
  journal="Acta Sting",
  year="2025",
  number="1/2025",
  pages="53--73",
  issn="1805-1391",
  url="https://1083d3b08f.clvaw-cdnwnd.com/2fca4ad522b38b04c8a13c19d47b40dc/200000926-9710a9710c/acta1_2025_web.pdf?ph=1083d3b08f"
}