Sustainability study of industrial engineering markets in Russia: Persistence analysis

Abstract

The development of industrial engineering markets and the assessment of their sustainability is one of the elements for ensuring the sustainability of industrialization, innovation and infrastructure development. On the basis of theoretical analysis, a methodological approach to assessing market stability has been developed, based on a comprehensive assessment of the company stability, market structure and dynamics. An empirical analysis of the development of mechanical engineering in the modern economy allowed us to identify a typology of market stability: a turbulent market, an emerging market, a market with unstable profitability, and a stable market. The presented typology of the stability for the industrial market can become the basis for the formation of the strategy for innovative and technological development of a company, as well as be crucial in the formation of a new industrial policy aimed at the sustainable development of the national economy as a whole.